PYMNTS

DECEMBER 7, 2017

Today in PYMNTS’ data, fast food chains are reporting consumer satisfaction following implementation of mobile order-ahead offerings, retail stores are closing at a near-record pace, “unthinkable” numbers of executives share their companies have experienced cyber fraud, real-time faster payments finally make their way to the U.S.

Fraud 101

Fraud St. Louis Retail Data 101

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago. Arkose Labs.

Cards 181

Cards Fintech Capital California 181

PYMNTS

AUGUST 20, 2020

million SMBs operate across the country and account for 64 percent of new jobs. Only 35 percent of such businesses make it past their first decade in operation. One of the most pressing issues plaguing SMB lenders is the risk of fraud. Fraud targeting SMB lenders has increased by 7.3 They represent 99.9

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

OCTOBER 15, 2020

The world saw this during the 2008-09 financial crisis, he pointed out, when fraud attempts doubled and, in some cases, tripled. And not only do hard times stimulate fraud, but they also create financial vulnerability among consumers. So, I think there’s a real kind of threat emerging right now.”.

Company 243

Company Fraud Compliance Course 243

PYMNTS

APRIL 23, 2020

“As credit unions help their members manage through the current COVID-19 crisis, it’s more important than ever for CUSOs like PSCU to partner with credit unions to help them and their members weather the storm of uncertainty,” PSCU EVP and Chief Operating Officer Tom Gandre told PYMNTS. and global economies. and global economies.

Fraud 159

Fraud Tools Policies Operations 159

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

Company 102

Company New York City Fraud Retail 102

PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

How To 170

How To blockchain Compliance Regional 170

PYMNTS

OCTOBER 2, 2019

He is accused of setting up and operating Darkode, a black marketplace that operated between 2008 and 2013, as well as creating and deploying Mariposa, one of the largest botnets. Hard Fork reported that Matjaz Skorjanc, the co-founder of NiceHash, was reportedly taken into custody on Monday (Sept.

blockchain 145

blockchain Security Bitcoin United States 145

PYMNTS

NOVEMBER 20, 2018

in an effort to win contracts to engage in currency exchange operations for the government. Based on the indictment, the Justice Department contends that between 2008 and 2017 Gorrin was behind more than $150 million in bribes to officials in Venezuela’s treasury to gain the right to take part in currency deals.

Florida 161

Florida Texas Operations Report 161

PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

MARCH 20, 2020

FSA Director General Erik Theden told Reuters that the bank had inadequately prepared itself for money laundering in the Baltic operation, and also, on several occasions, failed to report instances that revealed the scope of the problems. Swedbank’s CEO and much of the board were fired as a result.

United States 139

United States Regional Retail Report 139

PYMNTS

DECEMBER 21, 2018

.” Microsoft revealed that the flaw was discovered by Google ‘s Threat Analysis Team, and it affects older Internet Explorer browser versions — including Windows 7 and 10, and Windows Server 2012; 2016 and 2019 versions of Explorer 11; Explorer 10 for Windows Server 2012; and Explorer 9 for Windows Server 2008.

Security 179

Security Analysis Google Data 179

PYMNTS

FEBRUARY 28, 2020

Banga has served as CEO since 2008 when he took over the reins shortly following the onset of the financial crisis. How Dropbox Fights Fraud (Digital Fraud Tracker). Cloud service providers host terabytes of valuable information, making them a particularly attractive target for fraud.

Fraud 130

Fraud Security Data New York 130

Accenture

FEBRUARY 22, 2017

It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge. And there are many others, spanning functions from KYC and data protection to anti-fraud and regulator solutions. Over the past couple of years, we’ve seen RegTech arise as an entity in its own right.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge. And there are many others, spanning functions from KYC and data protection to anti-fraud and regulator solutions. Over the past couple of years, we’ve seen RegTech arise as an entity in its own right.

Compliance 150

Compliance Regulation Innovation Fintech 150

Insights on Business

SEPTEMBER 12, 2018

If there is fraud on your account, your financial institution will make you whole, as long as you were not negligent and make them aware of the incident in a reasonable time frame. It’s easy to think that, since so many countries have already taken the faster payment plunge , the upcoming US initiative would be a smoother operation.

Payments 96

Payments Las Vegas Los Angeles Fraud 96

PYMNTS

MARCH 6, 2019

Dutch prosecutors are investigating whether banks in the country were part of a huge money laundering operation in Russia, according to a report by Reuters. ABN AMRO said it wasn’t involved in the Troika scandal because the branch named was sold to Royal Bank of Scotland in 2008. “We

Report 128

Report Regulation Groups Operations 128

Insights on Business

FEBRUARY 6, 2018

According to Boston Consulting Group, banks across the world have paid nearly USD 321 billion in fines since the financial crisis of 2007 and 2008, as the regulators are more focused than ever on compliance. Safer Payments: Improve transaction integrity within all-cashless payment channels with rapid fraud prevention capabilities.

Compliance 87

Compliance Analytics Boston Regulation 87

Insights on Business

SEPTEMBER 12, 2018

If there is fraud on your account, your financial institution will make you whole, as long as you were not negligent and make them aware of the incident in a reasonable time frame. It’s easy to think that, since so many countries have already taken the faster payment plunge , the upcoming US initiative would be a smoother operation.

Payments 70

Payments Las Vegas Los Angeles Fraud 70

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. As a result, the NSA is urging everyone to know their networks, and run supported operating systems with the latest patches. ”

System 101

System Security Software National 101

FICO

FEBRUARY 1, 2023

But among the critical learnings from the 2008 global financial crisis was the importance of flagging and helping at-risk and pre-delinquent borrowers as soon as possible to prevent financial disaster — especially when their deteriorating financial position was being influenced and undermined by a mix of external factors.

Management 52

Management Fraud Strategy Analysis 52

PYMNTS

MARCH 5, 2018

According to the AP, the Institute for Religious Works reported that Caloia and Luizzo were charged with embezzlement and self-laundering between 2001 and 2008. Their trial is slated to begin on March 15, reported the news service, noting that a third suspect passed away while being investigated.

Taxes 101

Taxes Report Operations Marketing 101

PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill.

Fintech 125

Fintech Resources Capital Trends 125

Tomorrow's Transactions

AUGUST 21, 2016

Following the success of Transport for London’s (TfL) Contactless Payments program, a project Consult Hyperion have contributed to since 2008, transportation agencies around the world are following TfL’s lead looking to bring the same convenience to their own customers. However, this ‘online-only’ option is not suitable for transit operators.

Operations 30

Operations Cards US Payments 30

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. By 2008, the economy had lurched into crisis mode, and the world of credit suddenly become a very different place. The SEC Finding.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JULY 28, 2016

According to the OECD (Organization for Economic Co-Operation And Development) the value of the international counterfeit good market was around $250 billion in 2007. The more pessimistic International Chamber of Commerce clocked that figure in at $650 billion in 2008 — and estimated that by 2015 that value would have swelled to $1.7

New York 100

New York National Groups System 100

FICO

AUGUST 10, 2022

The mortgage market affordability test was introduced in the aftermath of the 2008 global financial crisis. Matt Cox is vice president and general manager of Europe, the Middle East and Africa for FICO, overseeing operations across the region. Matt joined FICO from Barclays where he was global director of Fraud. See all Posts.

Lending 52

Lending Fraud Meeting Data 52

BankUnderground

JUNE 25, 2020

First, global financial services firms maintain central hubs for storing and analysing data generated by their cross-country operations. In some cases, firms ‘insource’ these functions to intra-group entities operating in lower-cost jurisdictions. . This has been driven by three factors. 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel .

Maine 130

Maine ATM Innovation Millennials 130

Jeff For Banks

NOVEMBER 24, 2019

She effectively ran the bank and its operations. However, it seems unlikely that McConnell didn't orchestrate the fraud. They feared he would discover the fraud. Cherry died in 2008 while still in jail. Because the then-President was Billie Jean Cherry, the former town mayor, and paramour of J. That was Church and Cherry.

National 78

National West Virginia Virginia Pennsylvania 78

FICO

MAY 3, 2023

Operating at highly organized and relentless levels, fraud networks have become a multibillion-dollar, global problem. The banking and financial services industry must evolve their fraud-fighting strategies at an equally relentless pace to stay one step ahead. Last year in the UK, nearly 41% of fraud losses were due to scams.

Fraud 52

Fraud Strategy Analytics South Carolina 52

FICO

JUNE 22, 2017

At the time, Madoff had been running an elaborate Ponzi scheme through the wealth management arm of his business that reached $65 million by the time of his arrest in 2008, deliberately hiding the money intricately within the financial system.

Tools 55

Tools Compliance Innovation social media 55

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. Mozido’s fintech fraud fiasco. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. Sigma aims to streamline business operations. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations.

Online 98

Online Company Retail Payments 98

South State Correspondent

JULY 12, 2023

While there are slight differences in operations, the only material difference is that The Clearing House supports transactions up to $1M, while FedNow currently goes to a $500k limit. Look for this to become the new standard as encrypted hashed account numbers stand in for real account numbers reducing the potential for theft and fraud.

Payments 370

Payments Management Fraud Data 370

CB Insights

OCTOBER 29, 2018

Date: Sep 29, 2008. While Wendy’s was never really in a position to unseat McDonald’s as the country’s top fast-food burger chain, its 2008 acquisition by Nelson Peltz (the billionaire owner of Arby’s) and merger with the roast beef sandwich chain never got it any closer to fast-food dominance. Date: July 1, 2008.

Google 76

Google Software Innovation Company 76

Jeff For Banks

DECEMBER 12, 2015

If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. But among robo advisors, Betterment is emerging as the top FinTech (eight) startup, having opened it's virtual doors in 2008. Perhaps I should have mentioned blockchain.

Fintech 60

Fintech Capital Cards Bitcoin 60