PYMNTS

AUGUST 3, 2017

Back in 2004, fraud was on the rise globally. Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few.

Fraud 123

Fraud Payments Security Data 123

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. ” As investors and startups remain on-edge about exactly how this will play out, only a few B2B technology startups announced their own investments this week.

Cards 181

Cards Fintech Capital California 181

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent. In the U.K.,

Fraud 101

Fraud Payments Data Cards 101

PYMNTS

SEPTEMBER 30, 2016

Fraudsters have been causing problems for retailers over the past four quarters, leading to a 137 percent jump in fraud attacks and affecting $7 out of every $100 made in retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. The collaborative study with Forter measures the rate of fraud attempts made on U.S.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. One of the most pressing issues plaguing SMB lenders is the risk of fraud. Fraud targeting SMB lenders has increased by 7.3

Fintech 177

Fintech Fraud Lending Regulation 177

Perficient

AUGUST 16, 2023

Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer. He was promoted to President and CEO in 2008.

United States 221

United States Kansas FDIC Risk Management 221

FICO

JUNE 29, 2017

FICO has just released an interactive infographic on European card fraud trends since 2006, showing that card fraud in the 19 countries studied has hit a new high of €1.8 In the UK, card fraud also a hit a new high in 2016, £618 million, though the rise was less than the rise from 2014 to 2015. CNP Fraud Takes Over.

Fraud 55

Fraud Cards Analytics Trends 55

PYMNTS

SEPTEMBER 9, 2016

PYMNTS recently spoke with Luis Rojas, vice president of product management for Guardian Analytics , an online banking security firm, about the effect of a faster processing environment, the potential for increased fraud and how to mitigate that risk. The Mountain View, Calif.-based People are bracing for a similar spike here,” he added.

Fraud 100

Fraud Analytics Data Payments 100

SWBC's LenderHub

JUNE 21, 2021

Regulatory technology, or RegTech, was developed in the wake of the FinTech revolution and has been continuously expanding since the financial crisis of 2008. Experts predict it will rapidly advance the regulatory landscape by offering technological compliance solutions for the highly regulated financial services industry.

Industry 78

Industry Compliance Regulation Technology 78

FICO

JUNE 26, 2018

Real-time payments schemes are not new – indeed Japan has had a scheme since 1973, Switzerland was the first European scheme in 1987, and the UK’s Faster Payment scheme was launched in 2008 and is currently processing payments of around £140 billion per month. Fraud Using Real-Time Payments will Impact Businesses. Who Is Liable?

Fraud 63

Fraud Payments Regulation Customer Experience 63

South State Correspondent

JULY 12, 2023

” The State of Faster Payments The RTP network currently has approximately 351 participating banks, 23 technology providers, and a handful of correspondent banks that can facilitate payments and settlement. At the end of the first quarter, the current volume included 52M transactions for over $25B. In the U.S., More and more U.S.

Payments 370

Payments Management Fraud Data 370

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. Fraud Prevention. Learn More.

Lending 195

Lending Fraud Community FDIC 195

Banking 2020

SEPTEMBER 15, 2015

businesses and consumers complete transactions, as the nation is only just getting up to speed with EMV technology. In the UK, the scheme was launched nearly seven years ago back in May 2008, and in the years following there was a surge in online banking fraud. in 2008 and £59.7 Drivers of change. Losses went from £22.6

Fraud 40

Fraud Payments St. Louis Security 40

PYMNTS

JANUARY 30, 2019

The solution, which operates on technology provided by Vocalink , collects payment data, analytics and algorithms to detect and highlight suspicious activities. The inaugural edition examines how the 2008 financial crisis led to the current state of compliance and regulations, and why many FIs still struggle with standardization.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

AUGUST 13, 2019

The company was founded in 2008 and has three main services it offers to companies. The third service is called AmVoice, which helps to confirm someone’s identity and also stop fraud. Analysts say the technology could soon be in cars, banks, food chains and grocery stores, among other things.

Maine 108

Maine America Data Fraud 108

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. Some companies just push their luck a little too far.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

SEPTEMBER 8, 2016

rolled out Faster Payments a few years ago, fraud spiked, as fraudsters acted quickly to take advantage of the reduced timeframe. To prepare for a potential increase in cyberattacks, industry players are looking to protect data using behavioral analytics and other fraud prevention techniques. When the U.K.

United States 100

United States Fraud Analytics Payments 100

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

JULY 6, 2020

The challenges that led FinTechs to enter this space after the 2008 financial crisis still persist, however, motivating SMBs to demand their loans from these entities be quick and digital. Plus, it allowed us to mitigate fraud risk because we could verify the [SMBs’] ownership of that account.”. The SBA is very concerned about fraud.”.

Georgia 147

Georgia Atlanta Tools Lending 147

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. The new decade will be defined by the innovators who understand that time is a currency people truly value — and they will use connected devices as well as technology to maximize each unit of time. Maybe even spendable.

Fraud 130

Fraud Security Data New York 130

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. And there are many others, spanning functions from KYC and data protection to anti-fraud and regulator solutions.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. And there are many others, spanning functions from KYC and data protection to anti-fraud and regulator solutions.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

OCTOBER 20, 2016

On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Vice President, Product Management, Payment Security at CA Technologies. – Successful 3DS 2.0

Security 100

Security CA Cards Strategy 100

NCR

MARCH 16, 2017

The growth of EMV technology around the world is perhaps one of the biggest steps the industry as a whole has taken to tackle fraud. Of this, less than a tenth of fraud actually occurred in Canada itself, which the organization credited largely to the completion of the migration to EMV technology that started back in 2008.

CA 49

CA Fraud ATM Cards 49

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. Alt Lenders And Challenger Banks Target SMBs. Banks’ Corporate R&D Ramps Up.

Fintech 125

Fintech Resources Capital Trends 125

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. The initial response to fraud in the UK was to lower payment thresholds so much that the system was rendered virtually useless.

Payments 96

Payments Las Vegas Los Angeles Fraud 96

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008. Ushering In An AML/KYC Culture Change.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. for use of biometric data. Six Flags Case.

Illinois 161

Illinois Google New Hampshire Texas 161

PYMNTS

JANUARY 31, 2017

Since the 2008 financial crisis, hedge fund managers have been hit with a slew of new challenges: increased prime brokerage fees, heightened regulatory demand, lower investor fees and the like. That means working with top treasurers, as well as the technology that can support greater cost transparency. And that’s just the beginning.

Strategy 100

Strategy Management Regulation Analytics 100

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

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

JANUARY 24, 2019

A server running an Elasticsearch database contained sensitive data from as far back as 2008 that included loan and mortgage agreements, repayment schedules and other financial and tax documents. We are also in regular contact with law enforcement investigators and technology partners as this investigation proceeds.”.

Taxes 155

Taxes New York Security Data 155

PYMNTS

MAY 15, 2019

The bug affects Windows 7, Windows Server 2008, Windows 2003 and Windows XP. This is certainly one to take seriously,” said Chris Coulter, vice president of technology with BlackBerry’s Cylance security group. Windows 10 and Windows 8 users won’t be affected by the flaw, Microsoft said.

Security 115

Security Software National Groups 115

PYMNTS

DECEMBER 11, 2018

“It was necessary to convene this hearing because of the widening gap of distrust between technology companies and the American people,” said House Majority Leader Kevin McCarthy. ” Google hasn’t provided its search engine in China since 2008, after the Chinese government demanded that the tech giant censor results.

Google 152

Google Data Study Software 152

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. The initial response to fraud in the UK was to lower payment thresholds so much that the system was rendered virtually useless.

Payments 70

Payments Las Vegas Los Angeles Fraud 70

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

APRIL 30, 2018

Since the global financial crisis in 2008 the profitability and reputation of banks has been under pressure. Banks are large, complex entities with business processes built around technology that can be decades old and have little focus on the customer. Key technologies and considerations. Digital transformation ambitions.

Technology 72

Technology Survey Leadership Strategy 72