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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

Fraud 223
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Cybersecurity Awareness Month: How financial institutions can stay safe and secure online

Abrigo

First held in 2004 The history of Cybersecurity Awareness Month October is a special month for cybersecurity enthusiasts. Launched to provide resources Cybersecurity Awareness Month was launched in 2004 by the National Cybersecurity Alliance (NCA) and the U.S.

Online 222
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U.K.'s Refinitiv to buy Texan anti-fraud firm Giact

Payments Source

Refinitiv, a global risk intelligence firm, has agreed to buy Giact, a company founded by a brother-and-sister team in Allen, Texas in 2004 to enhance payment fraud protection and identity verification for banks and corporations.

Fraud 118
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Jack Ma Tells Chinese Regulators Ant Group Not A Bank

PYMNTS

Ant, formed in 2004 as Alibaba's payments processor, also works to connect China's borrowers and lenders and can secure short-term loans in minutes. It has broadened its reach to include artificial intelligence and other such techniques to work with insurance, wealth management and other types of products.

Groups 196
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Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering

PYMNTS

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also indicted alongside Credit Suisse. But prosecutors said Credit Suisse had known about the deficiencies since around 2004.

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MicroTech Partners With CostPerform For Better IT Spending

PYMNTS

MicroTech , which provides information technology services to government entities, is partnering with cost management tool CostPerform , in order to boost functionality for IT payment processes, according to a press release. MicroTech was formed in 2004 and has worked to help customers get the best value for financing their assets.

Tools 141
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Contour Enters Live Production To Digitize B2B Trade Finance

PYMNTS

Its technology provides an online application for trade finance through a distributed ledger trade network that enables entities to manage their own information as they transact, while looking at shared data with their service providers and trading partners. Ant, which runs the Alipay mobile payment app, debuted Trusple in Shanghai on Sept.