Payments Source

APRIL 3, 2020

Analytical technology will be key for firms looking to appeal to the next generation of customers. Having come of age in the midst of the 2008 financial crisis, secure personal finance is extremely important to this generation, says Axis Communications' Stephen Joseph.

Analytics 67

Analytics Security Technology Mobile 67

PYMNTS

APRIL 30, 2019

Cross River and RS2 understand that technology innovators demand regulated, secure payment solutions that address dynamic, ongoing changes in the marketplace,” said Cross River Senior Vice President, Public Affairs Phil Goldfeder. “In RS2 builds payment solutions for upwards of 14 million merchants.

Digital Banking 179

Digital Banking Payments Software Fintech 179

Insights on Business

NOVEMBER 12, 2018

According to the Boston Consulting Group , there have been more than $321 billion in regulatory compliance penalties levied globally since the financial crisis of 2007- 2008. Beyond ensuring compliance, executives are often preoccupied with the substantial organizational and business challenges in developing and implementing effective GRC.

Compliance 107

Compliance Technology User Experience Analytics 107

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

JANUARY 9, 2020

Huawei Technologies has been especially successful in the country, and in Q3 of last year, it accounted for 43 percent of all phone shipments. The company has also seen pressure from Washington over the security of its technology, as all large companies in China are government-regulated.

Apple 130

Apple Washington Regulation Report 130

PYMNTS

JULY 7, 2020

That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout. Easier said than done, but everyone’s trying like mad. shutdown and trade war with China,” the Tracker states. “He

Cards 135

Cards Millennials Conference America 135

PYMNTS

JUNE 17, 2020

The investment raised Pagaya to over $200 million in consumer credit asset-backed security (ABS), the release states. The lending arena saw a shake-up following the 2008 recession, with FinTechs able to come in and digitize the borrowing experience while the public was largely shying away from using traditional bank lending.

Fintech 151

Fintech Lending Security Capital 151

PYMNTS

AUGUST 8, 2019

It’s not like a Social Security card or credit card number where you can change the number. We have always disclosed our use of face recognition technology and that people can turn it on or off at any time,” a spokesman said. You can’t change your face.”. Facebook said it will continue to appeal. “We

Illinois 108

Illinois Data San Francisco Google 108

PYMNTS

SEPTEMBER 18, 2018

15, 2008 fall of Lehman, which filed for bankruptcy that day. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. It should be noted that almost all mortgage security finance (i.e., The median household income in the U.S.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

FEBRUARY 4, 2019

A series of regulations was established to encourage a safer, more transparent financial services environment following the 2008 financial crisis. Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

SEPTEMBER 21, 2018

An F-1 form filed with the Securities and Exchange Commission (SEC) revealed that the company planned to list on the New York Stock Exchange under the ticker FTCH. The company was founded by Portuguese fashion entrepreneur José Neves in 2008 with the goal of creating an online marketplace for luxury boutiques and brands. “We

Branding 116

Branding New York Retail America 116

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. The People’s Bank of China announced in March that it plans to create rules for regulating and securing the FinTech sector, for example. . imposed a full $23.52

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

APRIL 28, 2020

The additional weekly check, part of the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, is r etroactive to March 27. Our Department of Labor worked day and night to come up with the technological fixes to ensure benefits were distributed in a timely way to our residents,” Lamont said in a statement.

Connecticut 142

Connecticut Massachusetts Payments Policies 142

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

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. Marrying the security required by the U.S. The Speed and Security Balance. government-supported Paycheck Protection Program (PPP) loans.

Georgia 147

Georgia Atlanta Tools Lending 147

PYMNTS

JULY 19, 2018

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. At the same time, they are facing new competition from smaller, nimbler financial technology upstarts that are, in some cases, able to move on a dime to reach customers that traditional banks are often unwilling – or unable – to do business with.

Fintech 117

Fintech blockchain Technology Examples 117

PYMNTS

AUGUST 21, 2018

An F-1 form filed with the Securities and Exchange Commission (SEC) revealed that the company plans to list on the New York Stock Exchange under the ticker FTCH. Farfetch was founded by Portuguese fashion entrepreneur José Neves in 2008 with the goal of creating an online marketplace for luxury boutiques and brands. “We

Branding 100

Branding Retail New York America 100

PYMNTS

JUNE 25, 2019

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Furthermore, Cross River will integrate the digital bank’s technology into its own offerings with small business clients over the next several months. reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

PYMNTS

DECEMBER 20, 2017

Some survey respondents cited an overreliance on algorithms and automated technology to make decisions on loan applications and investments as having a negative impact on the personal relationship between banks and SMBs. Despite many initiatives since 2008, a quarter of executives at SMEs still think nothing has changed in banking.

Survey 116

Survey Lending Groups Innovation 116

PYMNTS

APRIL 13, 2020

At the time of the black swans in 2001 and 2008, it was hard to tell anything positive was coming out of them. The business model isn’t completely figured out, or the technology to support it isn’t there, or people aren’t ready socially. That’s the nature of these events.

Innovation 258

Innovation Online Guidelines Cards 258

PYMNTS

SEPTEMBER 12, 2019

Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies. The Cost of Compliance.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

DECEMBER 16, 2020

The space was on the rise even before the spring as businesses turned to SaaS solutions to more quickly roll out software in a convenient, flexible and secure manner. pivoted to home learning during the pandemic, prompting communications technology services provider Zoom to offer its services for free to classrooms, for example.

Software 186

Software California Industry Company 186

PYMNTS

FEBRUARY 28, 2020

Securities and Exchange Commission filing. Banga has served as CEO since 2008 when he took over the reins shortly following the onset of the financial crisis. Securities and Exchange Commission — known as a confidential S-1 — to undertake an initial public offering (IPO). 1 or 2 player. The Connected Economy: It’s About Time.

Fraud 130

Fraud Security Data New York 130

PYMNTS

DECEMBER 15, 2016

Global IoT software and services provider Greenwave Systems has been dedicated to empowering market-leading brands to deploy their own managed IoT services and products since 2008. By elevating the discussion and making it about data, you’re able to change that conversation away from the burden of the technology,” said Hunter.

Software 100

Software Security Analytics Industry 100

Chris Skinner

MARCH 26, 2017

Their CEO, Soner … The largest payments company in the world that most people have never heard of I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system.

Maine 150

Maine Fintech System Innovation 150

Perficient

MAY 17, 2022

In 2008, when the housing bubble burst, homeowners lost the houses they could no longer afford. A sequencing approach for automated touchpoints (technology) and contact strategy that can adapt through artificial intelligence to hyper-segment borrower populations. It’s not pretty.

Strategy 294

Strategy Customer Experience Study Technology 294

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

JULY 17, 2019

Historically, banks are taking a reactive approach to risk: reactionary measures were largely behind financial institutions’ pullback from the small business lending market following the 2008 global financial crisis, for example. According to Price, data is at the heart of all of these balancing acts.

Data 130

Data Management Analytics Compliance 130

PYMNTS

AUGUST 3, 2017

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. Back in 2004, fraud was on the rise globally.

Fraud 123

Fraud Payments Security Data 123

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. Fraud Trends.

Lending 195

Lending Fraud Community FDIC 195

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

PYMNTS

JUNE 4, 2020

It’s a fast and radical transformation that the post-2008 financial system was kind of prepared for. Digital payment technologies enable banks to meet evolving customer needs in everything from refunds and consumer incentives to [B2B] payments. Server farms didn’t melt. The internet didn’t break. Life went on. That builds trust.

Payments 132

Payments Regional America Mobile 132

PYMNTS

SEPTEMBER 12, 2016

It seems strange to see mobile digital technology working in conjunction with centuries-old traditions. The hustle and bustle around livestock markets in Dakar is ripe for pickpockets, but cashless payments, according to one sheep seller, allow “for greater security.” “We stay up all night to guard them.”

Mobile 100

Mobile Meeting Payments Marketing 100

PYMNTS

SEPTEMBER 12, 2016

It seems strange to see mobile digital technology working in conjunction with centuries old traditions. The hustle and bustle around livestock markets in Dakar is ripe for pick pockets, but cashless payments, according to one sheep seller “allows for greater security.” “We stay up all night to guard them.

Mobile 100

Mobile Meeting Marketing Payments 100

Tomorrow's Transactions

JULY 26, 2016

Earlier in the week I blogged about mobile banking security , and I said that in design terms it is best to assume that the internet is in the hands of your enemies. Anyway, the point is that the internet isn’t secure. I saw Charles Brookson, the head of the GSMA security group, make a very interesting point recently.

Security 30

Security Guidelines Samsung Mobile 30

PYMNTS

SEPTEMBER 30, 2016

Prior to founding Forter, Michael was the VP Product & International Operations at Pango Parking where he was in charge of the deployment and adoption of Mobile Wallet technologies worldwide. Karen also serves as a member of the advisory board for several emerging companies.

Fraud 100

Fraud Data Cyber Security Study 100