CFPB Monitor

MARCH 10, 2022

In a related development, the Treasury Department announced that the Financial Literacy and Education Commission (FLEC) “would form a new subgroup on digital asset financial education, which will operate alongside the FLEC’s current workstream analyzing the impact of climate change on household and community financial resilience.

FDIC 148

FDIC National cryptocurrency Leadership 148

PYMNTS

FEBRUARY 22, 2019

News comes this week from Mississippi that state workers are being targeted by similar fraud attempts. In news a bit closer to home, AG Web reported that, in Minnesota, Jerome Robert Hennessey pleaded guilty to one count of mail fraud. He had been accused of stealing $5.3

Mississippi 135

Mississippi Minnesota Fraud Report 135

PYMNTS

OCTOBER 26, 2018

Cyber frauds are a pervasive, significant and growing threat to all companies, including our public companies,” said SEC Chairman Jay Clayton at the time the report debuted. The South China Morning Post reports that the SFC has set up a form online through a page titled “Reporting corporate fraud and market misconduct.”

Washington 122

Washington Fraud Security Report 122

PYMNTS

SEPTEMBER 6, 2016

The new initiative is an upgrade from the older versions of ACI’s solutions, as EBH and ACI have been working together since 2003. In addition to the added payment options, EBH will calculate interchange fees using ACI Interchange, a central monetary transaction manager, as well as ACI Proactive Risk Manager, which manages fraud.

Payments 100

Payments Risk Management Retail America 100

PYMNTS

MAY 15, 2019

The bug affects Windows 7, Windows Server 2008, Windows 2003 and Windows XP. Any “future malware that exploits this vulnerability could propagate from vulnerable computer to vulnerable computer in a similar way as the WannaCry malware spread across the globe,” Microsoft said in a blog post.

Security 115

Security Software National Groups 115

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116

Data Seattle Security Regulation 116

PYMNTS

JUNE 6, 2019

Specifically, the warning pointed to BlueKeep , a vulnerability in the Remote Desktop Protocol (RDP) that is present in Windows 7, Windows XP, Server 2003 and 2008. The NSA noted that, while Microsoft has issued a patch, millions of machines could still be vulnerable.

System 101

System Security Software National 101

PYMNTS

AUGUST 13, 2019

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 109

Data Seattle Security Regulation 109

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Innovation 15

Innovation Fintech Online Mobile 15

CB Insights

APRIL 11, 2019

Among fraud allegations and conspiracy charges, Elizabeth Holmes’ company went from one of Silicon Valley’s hottest names to a spectacular failure virtually overnight. But the company was unable to build a reliable blood-testing device, despite being granted over 70 patents for blood-testing technology since 2003.

System 77

System Fraud Examples Company 77

PYMNTS

JULY 12, 2019

Smartphones are currently unable to store government-issued IDs like passports or drivers licenses due to the extensive cryptography necessary to prevent fraud. The city-state of Singapore has long been at the forefront of digital identity, first introducing its SingPass national ID card in 2003. Governmental Mobile ID Initiatives.

Mobile 108

Mobile National Samsung Case Study 108

Javelin Strategy & Research

OCTOBER 21, 2014

That’s been rattling around since 2003. These lingerers will prove an achilles heel to counterfeit card fraud at the POS for potentially years to come. I am more than a little excited to see what we discover… Dynamic Payments Fraud and Security Mobile ApplePay EMV NFC' Building a merchant ecosystem?

Apple 74

Apple Fraud US Security 74

Fintech Labs Insights

OCTOBER 19, 2015

With this move, IDology will add both network authentication and transaction monitoring to its ID verification and anti-fraud solutions. The mobile identity is resistant to mobile fraud tactics and can be created with or without ID verification. Read more about Payfone in an interview with Desai in the New York Business Journal.

New York 12

New York Georgia Atlanta Fraud 12

CB Insights

OCTOBER 29, 2018

Date: March 20, 2003. When top networking company Cisco acquired Linksys in 2003 for $500M, it seemed like a natural fit: Cisco would continue catering to larger organizations, while Linksys would keep selling to home/small business customers. The mega-company reported a $45B write-down in 2003 and then a $100B yearly loss.

Google 76

Google Software Innovation Company 76

Independent Banker

SEPTEMBER 21, 2015

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis. In early 2004, examiners visited her $253 million-asset bank, an experience that revealed a need—someone with a stronger compliance background. “I

Compliance 70

Compliance Community Bank Community Training 70

Fintech Labs Insights

MAY 24, 2017

Founded in 2003. They aren’t regulated with the FCA, so they need a backend provider for client take-on, AML, anti-fraud, payment in, transaction processing, and pay out. “It is here today,” Lee-Browne said. “It’s not theory. It’s practice.” ” Company Facts. Headquartered in London, U.K.

blockchain 25

blockchain Regulation Security Technology 25

CB Insights

SEPTEMBER 27, 2017

“Microsoft will roll [Salesforce] over,” Thomas Siebel of Siebel Systems flatly told Bloomberg in 2003. ” Dimon was at it again two years later on September 12, 2017, criticizing bitcoin and calling it a fraud. While it made waves early on, legacy software companies didn’t think too highly of the product.

Bitcoin 65

Bitcoin Apple Innovation Industry 65

CB Insights

AUGUST 14, 2018

“Microsoft will roll [Salesforce] over,” Thomas Siebel of Siebel Systems flatly told Bloomberg in 2003. ” Dimon was at it again two years later on September 12, 2017, criticizing bitcoin and calling it a fraud. While it made waves early on, legacy software companies didn’t think too highly of the product.

Bitcoin 78

Bitcoin Apple Industry Nebraska 78

PYMNTS

APRIL 17, 2017

In May 2007, Voice Commerce, the voice biometrics company he founded in 2003, launched VoicePay, the consumer-facing application of the company’s secure voice-initiated transactions processing platform. In 1997, he founded Worldpay, an online payments processor based in the U.K. that he sold to RBS in 2002. Unclogging The Pipes.

Innovation 101

Innovation Fintech System Regulation 101

PYMNTS

NOVEMBER 12, 2018

The FTC alleges that the company failed to prevent “at least $125 million” in fraudulent transactions from being completed between April 2015 and October 2016 because the revised fraud prevention system that was put in place after the 2012 settlement was ineffective. In 2012 the firm was accused of aiding and abetting wire fraud.

Data 108

Data Fraud System Retail 108

FICO

APRIL 17, 2021

21 is a 2008 film based on the 2003 book, “Beat the House,” the true story of the underground MIT Blackjack Team. It was a group of as many as 80 math-savvy MIT students and ex-students who travelled the world using card counting techniques to beat casinos at blackjack from 1979 until the late 1990s… raking in an estimated $57.6

Data 139

Data Analytics Management Meeting 139

Fintech Labs Insights

MAY 3, 2021

US-based fraud specialist. . #142 (tie) Groww : $1.0B India-based investing startup. 142 (tie) The Zebra : $1.0B US-based insurance lead gen company. 142 (tie) Clearcover : $1.0B US-based auto insurance provider. 142 (tie) Sift : $1.0B Full Fintech Unicorn List. values as of 1 May 2021). Value Date. 1 May 2021. United States. Ant Technology.

United States 15

United States Fintech US Company 15

Fintech Labs Insights

APRIL 8, 2021

US-based fraud protection for financial instituions. . #129(t) Papaya Global : $1.0B Israel-based payroll provider. 129(t) Flutterwave : $1.0B US-based payment company. 129(t) Clearbanc : $1.0B US-based SMB alt-lender. 129(t) Feedzai : $1.0B 129(t) Fireblocks : $1.0B US-based cyrypto company. Full Fintech Unicorn List. Value Date.

United States 15

United States Fintech US Lending 15

Fintech Labs Insights

JUNE 3, 2021

72 (t) Forter: $3B US ecommerce fraud specialist. #97 . #55 Kraken : $4+B US crypto exchange (valuation per Fortune, based on 2019 round, and likely MUCH higher now). #60 60 Paymentus : $3.8B US payments company that went public 25 May 2021. #61 61 Hypoport : $3.6B German lender that went public in 2007. #72 97 Acorns : $2.2B Sep 2020 round.

United States 15

United States Fintech US Technology 15

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering. Table of Contents.

Report 78

Report San Francisco Capital New York 78