PYMNTS

FEBRUARY 27, 2017

Capital One Financial disclosed in a Securities and Exchange Commission filing last week that it’s being investigated by the New York District Attorney’s Office, the Justice Department and the Financial Crimes Enforcement Network of the Treasury Department for its anti-money laundering program.

Capital 100

Capital New York Cards Security 100

PYMNTS

AUGUST 1, 2019

The news outlet reported that in just one school district alone, the breach affected data on 114,000 students enrolled between 2001 and 2016, while in another school district, as few as 500 students’ data was accessed. In the Capital One incident, software engineer Paige Thompson was arrested and charged on Monday (July 29) with the hack.

Data 108

Data Software Capital Report 108

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

NOVEMBER 22, 2017

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” For instance, AI can detect fraudulent activity with much greater speed and accuracy than the human eye by watching for known fraud patterns and behaviors to flag suspicious transactions. What will banks do with all that liberated capital?

Data 187

Data Branding Cards Mobile 187

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Crescent Ridge Capital Partners’ elaborate Ponzi scheme.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

JANUARY 1, 2021

Featuring NICE Actimize and Zelle , this report showed that this year was tough on the fraud front as financial crime stressed FIs that were already confronting the pandemic, economic struggles and an unpredictable political climate. Preventing Financial Crimes.

Trends 259

Trends Video Retail Payments 259

Banking 2020

JUNE 11, 2015

EMV is intended to replace the magnetic stripe with a more secure chip-based technology. PIN authentication is the most effective approach to maximize fraud protection, however, the authentication method is up to the credit card issuing bank. However, fraud prevention comes at a price. Business Impacts: Card-Present Businesses.

Cards 40

Cards Fraud System Security 40