PYMNTS

MAY 21, 2020

MicroTech was formed in 2004 and has worked to help customers get the best value for financing their assets. . “The COVID-19 crisis is definitive proof of how critical it is to manage resources and understand funding options and CostPerform is the ideal solution.”

Tools 141

Tools Analysis Resources Survey 141

PYMNTS

SEPTEMBER 11, 2019

The network will also advance “regulatory certainty” for innovators and stay abreast of changes in the market while helping reduce fraud, discrimination and deception. The report examined collections tradelines — information about a consumer account sent to a credit reporting company, generally on a regular basis — from 2004 to 2018.

Regulation 171

Regulation Innovation South Carolina Indiana 171

PYMNTS

MARCH 5, 2019

The investigation is centered on Russian investment bank Troika Dialog, with evidence showing that managers funneled money for more than eight years, starting in 2004. He added that he had no knowledge that Troika companies received funds related to fraud. According to The Guardian , investigators found 1.3 billion ($4.6

Company 129

Company Fraud Compliance Regulation 129

PYMNTS

JUNE 4, 2020

The share of B2B transactions conducted via check has fallen 50 percent since 2004 and hit an all-time low of 42 percent last September, for example. We’re seeing a shift toward not only real-time payments, but also real-time treasury management, real-time forecasting and real-time fraud detection.”. API security.

Security 151

Security Fraud Payments Compliance 151

PYMNTS

DECEMBER 18, 2020

But prosecutors said Credit Suisse had known about the deficiencies since around 2004. The bank also rejected the notions that it had acted wrongly in 2007, saying at that time, the payments were reviewed by the Office of the Attorney General, Bloomberg writes.

Compliance 203

Compliance Regulation Report Innovation 203

PYMNTS

AUGUST 12, 2019

In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. In Canada – and in the US, too.

New York City 149

New York City Phoenix Fraud Florida 149

ATM Marketplace

FEBRUARY 23, 2016

Also, between 2004 and 2014, transaction fraud dropped by 81.9 million pounds ($116 million), the UK Cards Association said.

Cards 48

Cards Fraud 48

PYMNTS

MAY 12, 2016

Earlier this year another Swiss bank found itself in hot water due to possible involvement in fraud, money laundering and other criminal activities related to helping wealthy individuals avoid taxes.

Taxes 100

Taxes Fraud Regulation New York 100

PYMNTS

JULY 29, 2019

The investigation centers on Villarejo, who was reportedly hired by the bank to spy on executives of a possible buyer as well as government officials in 2004, when Francisco González was executive chairman of the bank.

Security 100

Security US Report Operations 100

Abrigo

APRIL 26, 2022

In 2004, the infamous Riggs Bank (Riggs) case brought political corruption to the top of compliance officers’ lists of reasons not to sleep at night. financial system and national security as it was in 2004. The money that financed those attacks was tied to funds from foreign businesses and individuals.

Training 195

Training Regulation System National 195

PYMNTS

SEPTEMBER 12, 2019

It’s a stark contrast from its historical high of 81 percent in 2004, analysts noted, and suggests checks are steadily declining within corporate payments. That said, it is encouraging that check usage is in decline, as electronic payments methods are much more efficient, and have a much lower risk for fraud.”.

Survey 128

Survey Tools blockchain Payments 128

PYMNTS

JANUARY 3, 2017

Forbes reported that Obiang has been accused by prosecutors of siphoning funds from a tax on sales of wood — levied during his time as agriculture minister from between 2004 and 2011 — to his own bank accounts.

Taxes 145

Taxes National Report Fraud 145

PYMNTS

APRIL 21, 2020

Mexico’s eInvoicing requirements began back in 2004, when its tax authority, the SAT, first developed its eInvoicing legal framework. Since then, the mandate has been expanded, and today, all invoices, including those in B2B transactions, must be electronic.

Payments 144

Payments Software Taxes Cards 144

PYMNTS

DECEMBER 17, 2018

FinCEN said UBSFS kept up the lack of regulation for AML from 2004 to 2014. For more than a decade, UBSFS failed to implement sufficient policies and procedures that adequately addressed the risks associated with the products and services it offered.”.

Policies 137

Policies Security ATM Training 137

PYMNTS

MARCH 28, 2017

One class of merchants were those that accepted Visa or Mastercard from January 2004 to November 2012, while the second class accepted the cards after 2012. Appeals Court Judge Dennis Jacobs wrote in his findings that the two classes of merchants should never been represented by the same group of lawyers.

Cards 100

Cards New York Groups Retail 100

Jeff For Banks

APRIL 4, 2024

And then what happened in 2004-06 happened again. As well as compliance, fraud, credit, reconciliations, reporting, and other risk mitigation that is currently performed in a resource intensive way. Depositors woke up and thought "what is my bank paying me?" And our cost of funds chart looked like the trail lift at Breckenridge.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

PYMNTS

MARCH 27, 2017

The fourth quarter of 2004 saw 1,609 phishing attacks per month. Also, the APWG’s numbers for 2016 just measure broad-based attacks against consumer brands.”. The number of phishing attacks over the past ten years has generally increased each year.

Security 100

Security Examples Branding Groups 100

Banking 2020

NOVEMBER 25, 2015

This has posed problems, not least the fact it’s the only country in the world where counterfeit card fraud losses are rising. Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away. Counterfeit fraud was cut by two-thirds in the years immediately after EMV rollout.

US 40

US Marketing Fraud Cards 40

Javelin Strategy & Research

MARCH 27, 2015

A colleague of mine forwarded me an inbound email for an upcoming conference the other day titled “Chip Cards to Result in Massive Online Fraud”, asking where I stand on this, as if he didn’t know that this was effectively lighting the blue touch paper on a Roman Candle and running for cover. Fraudsters are not unitaskers.

Fraud 40

Fraud Cards US Online 40

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

NCR

DECEMBER 8, 2016

Perhaps the biggest shift has been in the fraud space. Mr Koch said: “Chip and PIN was introduced a decade ago to combat the rising levels of counterfeit and stolen card fraud in the UK. Counterfeit card fraud losses duly tumbled, down £81.9 million a year between 2004 and 2014.

Fraud 40

Fraud Cards Payments Industry 40

NCR

APRIL 12, 2016

Perhaps the biggest shift has been in the fraud space. Mr Koch said: “Chip and PIN was introduced a decade ago to combat the rising levels of counterfeit and stolen card fraud in the UK. Counterfeit card fraud losses duly tumbled, down £81.9 million a year between 2004 and 2014.

Fraud 40

Fraud Cards Payments Industry 40

William Mills

MAY 23, 2017

Sugg has been with William Mills Agency since 2004 and has worked with some of the industry’s largest and most innovative technology companies. Her experience and industry exposure has contributed to the launch of several start-up ventures, supporting IPOs and managing communications through acquisitions.

Management 56

Management Atlanta Georgia Florida 56

PYMNTS

MARCH 29, 2019

The FCC, according to the newspaper story, has since 2004 collected some $121 million in penalties for robocalls and other prohibited telemarketing behaviors. “Many of the spoofers and robocallers the agency tries to punish are individuals and small operations, he added, which means they are at times unable to pay the full penalties.”.

Regulation 129

Regulation Examples Policies Compliance 129

Banking 2020

OCTOBER 12, 2015

The key benefit of EMV is to reduce fraud from counterfeit, lost and stolen cards. After EMV chip-and-PIN cards were widely adopted in the UK in 2004, counterfeit fraud declined by more than 63 per cent in the ensuing years. EMV cards are not a silver bullet for card fraud.

Fraud 40

Fraud Cards Security Data 40

South State Correspondent

OCTOBER 25, 2023

The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash. In addition to the logistics of check clearing and the availability of fraud, settlement is no easy feat. From there, checks steadily declined. That is an expensive item.

Fraud 195

Fraud ATM Payments Management 195

PYMNTS

MAY 31, 2018

Originally debuted in 2004 and revised in 2013, it is intended to serve as a common platform for payments messaging between systems in the financial industry. There’s also a chance to reduce risks from things like fraud through standardization,” Throckmorton noted. Standardizing Payment Technology for Smarter, Safer Payments.

System 100

System Payments Tools Industry 100

NCR

OCTOBER 19, 2017

This marks the lowest number of skimming incidents reported since EAST first began gathering data in 2004. There were 1,221 such incidents recorded in Europe in the first six months of 2017, a 22 percent drop from the 1,573 reported for the same period in 2016.

ATM 40

ATM Study Security Report 40

NCR

MARCH 31, 2017

The research was based on figures showing a decline in cash use in the UK between 2004 and 2014, from 71 percent to 53 percent of transactions. The biggest causes of concern were potential for fraud (61 percent), over-reliance on technology (45 percent) and lack of privacy (31 percent). The decline of cash.

Millennials 40

Millennials Trends Survey Comparison 40

PYMNTS

MAY 22, 2017

In 2004, Clarke testified before the 9/11 Commission on the events and conditions that led up to the Sept. 11, 2001, terrorist attacks. At the hearing, Clarke directed his opening statement to the families who lost loved ones in the attack and apologized for the government’s failure to prevent or stop the attacks.

Regulation 116

Regulation National Online System 116

Gonzobanker

NOVEMBER 17, 2016

While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability. My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Independent Banker

SEPTEMBER 21, 2015

In early 2004, examiners visited her $253 million-asset bank, an experience that revealed a need—someone with a stronger compliance background. “I Robinett, who completed the Certified Community Bank Internal Auditor coursework last May, says the program’s instructors helped alert her to fraud issues that she was not previously aware of.

Compliance 70

Compliance Community Bank Community Training 70

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

Exercises 119

Exercises Resources Industry Cyber Security 119

CB Insights

OCTOBER 29, 2018

Lycos simply couldn’t compete with better offerings from the likes of Google, and in 2004, Terra sold Lycos for a meager $95M. By 2004, Vivendi was burdened with debt and sold 80% of Vivendi-Universal Studios to GE. stock-for-stock deal. AOL and Time Warner. Date: February 11, 2000. Price: $164B.

Google 76

Google Software Innovation Company 76

PYMNTS

NOVEMBER 14, 2016

More recently, though, industries all across the board are exploring virtual cards and recognizing the key benefits of virtual payments , such as tight controls, reduced fraud, enhanced data capture and lower costs. Prior to joining AOC in 2004, Tre served for three years in the U.S.

Payments 100

Payments Innovation Apple Cards 100

FICO

APRIL 12, 2021

The rate of auto insurance loyalty has fallen to 48% today from 59% in 2004, a 27% drop; over the past year, the rate of switching among insurance shoppers has increased to 35% from 31%, helping to drive down overall insurance customer retention by two percentage points to 88%. Reduced gross fraud by 20%.

Strategy 52

Strategy Data Analytics Company 52

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 Value Date.

United States 15

United States Fintech US Technology 15