PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

Fraud 100

Fraud Analytics Data Payments 100

PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. Generally more adventurous and less cautious than their slightly older peers, Gen Z is making big players from eBay to Uber to online travel agencies (OTAs) rethink services and fees for their cresting wave.

Millennials 130

Millennials Fraud Groups Payments 130

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 19, 2017

A biometric security startup with a fast growing membership-based secure identification program just recently scored a considerable amount of additional funding. CLEAR , the popular security line-busting experience that can be found at some 21 airports and six baseball stadiums around the U.S.,

Security 100

Security Customer Experience Cards Fraud 100

PYMNTS

APRIL 1, 2020

They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible. Online sellers could instead rely on 3D Secure 2.0 The Durbin Amendment.

Cards 141

Cards Payments Security Fraud 141

PYMNTS

FEBRUARY 20, 2017

prosecutors sentenced a Ukrainian man who was charged with running two hacking forums online to 41 months in prison. District Judge Esther Salas in New Jersey sentenced Vovnenko after he pleaded guilty last year to aggravated identity theft and conspiracy to commit wire fraud, reported Reuters. Vovnenko was extradited to the U.S.

New Jersey 109

New Jersey Fraud Cards Online 109

PYMNTS

JUNE 13, 2017

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. In February, U.S.

New Jersey 100

New Jersey System Industry Fraud 100

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

DECEMBER 7, 2016

But however different American Express may be from its founding days, according to Anré Williams, President of Amex Global Merchant Services, there’s one thing that has never changed: Getting things — be they physical goods or digital payments — from point A to point B securely and without issue. The changing commerce landscape.

Fraud 100

Fraud Security Mobile Trends 100

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

Retail 100

Retail Apple Fraud Online 100

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. In 2010, LendingClub added to its war chest with a $24.5 On Friday (Sept.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JUNE 16, 2017

The emails tell how to request a refund using an online form. The case examined a certain number of NetSpend user accounts between January 2010 and August 2016 and determined the necessary steps to verify identities prior to activation were not taken. The paper notice contains a printed form to return. And you have to apply by Oct.

Cards 109

Cards Marketing Operations Online 109

PYMNTS

JUNE 12, 2017

When 90 percent of Chinese customers are abandoning online purchases at the payment phase, that should tell merchants something. First, it can help detect and avert fraud by making trends easier to spot. Zooz also offers secure data storage and protection for consumer information. We started with $1.5

Data 136

Data Retail Software System 136

CB Insights

JANUARY 5, 2021

In contrast, online banking in the US has surged with 73% of consumers using it regularly, up from 46% in 2010. . Seniors in the US remain largely disconnected, with a third of those aged 65+ saying they never go online, according to Pew Research. The dominance of physical banking has waned over the past 2 decades.

Digital Banking 98

Digital Banking US Online FDIC 98

PYMNTS

DECEMBER 19, 2018

While most of the special privileges went to big tech companies, the paper noted that Facebook also extended them to online retailers, entertainment website operators, automakers and media firms. The deals, with some dating back to 2010, were active last year — with some still in effect in 2018.

Data 127

Data social media New York Apple 127

PYMNTS

JANUARY 7, 2020

As a spoiler alert, as they say online, I do not think we are facing a catastrophic situation,” he told Karen Webster in a PYMNTS interview. There is no need, then, to go out and stock up on canned goods at the local market.

National 145

National United States Operations System 145

PYMNTS

DECEMBER 2, 2016

James Chappell, CTO and co-founder of Digital Shadows , joined PYMNTS for this week’s Hacker Tracker to discuss how cybercriminals are enjoying their own version of the holiday shopping season across online marketplaces on the dark web. The days of amateurs showing off their computing skills have long gone.

Operations 100

Operations Cards Online Industry 100

Jeff For Banks

DECEMBER 12, 2015

So I went to the Finovate 2010 Best of Show to see where these firms are now. Based on recent press , it looks like Dynamics is morphing into a card fraud protection company, expanding its computer in a card tech to protect us from card scammers. There's the "where are they now" look at Finovate's 2010 Best of Show winners.

Fintech 60

Fintech Capital Cards Bitcoin 60

Banking 2020

FEBRUARY 25, 2015

Ok, so that just qualifies as a novelty item, but it’s part of a larger report from the British Bankers’ Association that focuses on the growing phenomenon of online banking among older consumers. The first Baby Boomer turned 65 more than four years ago; today, according to a 2010 U.S. The research shows that 2.3 Consider the numbers.

Online 40

Online Millennials Video Technology 40

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. Pixelon: Online video vaporware. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

Fraud 347

Fraud Report System FDIC 347

PYMNTS

AUGUST 15, 2019

The “online version of a payments terminal” was how the media portrayed Visa ’s acquisition of CyberSource in 2010. Then, it was a very easy way to mentally place the online payments processor in what was at the time a nascent online payments ecosystem. A decade ago, he noted, most merchants were trying to “get online.”

Payments 207

Payments Online Tools Retail 207

FICO

AUGUST 11, 2016

FICO has just published the interactive European Fraud Map infographic , based on data from Euromonitor International. The following is a guest post from Kendrick Sands, Senior Analyst - Consumer Finance at Euromonitor , on the trends shown for European card fraud in 2015. You can follow Kendrick Sands’ blog posts at [link].

Fraud 40

Fraud Trends Online Payments 40

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

PYMNTS

MARCH 10, 2020

It is also accused of violating the Dodd-Frank Wall Street Reform , created in the aftermath of the 2008 financial crisis, and the Consumer Protection Act of 2010, according to The Hill. Fifth Third called the allegations “unnecessary and unwarranted,” according to the Wall Street Journal (WSJ).

Los Angeles 167

Los Angeles Illinois Meeting Retail 167

PYMNTS

JUNE 23, 2016

It gives them that sense of security that you don’t have otherwise.”. When shopping online, Germans would rather have their bills delivered to their homes and pay by cash-on-delivery rather than via cards and internet banking, Delnevo said. billion kronos the country held overall in 2010. ATMs and security.

ATM 102

ATM Cards Analysis Trends 102

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. With lower costs and a bigger market to sell to, a new crop of online pet supplies retailers eventually emerged. Table of Contents.

Report 78

Report San Francisco Capital New York 78

PYMNTS

APRIL 7, 2017

In fact, he noted 2010 marked the year where the number of devices outstripped the number of people and said that gap “will just keep going up and up and up … You can think of that as a ‘threat surface’ that you are dealing with.”. The first big credit card fraud, he said, done by hackers, came in at about $100 million.

National 102

National Georgia Security Innovation 102

NCR

JUNE 21, 2016

Nowhere is this more evident than in the emerging battle for e-commerce in a country where millions are as yet still not online. India’s e-commerce sector holds arguably more potential than that of any other country as millions of people come online over the next 15 years. E-commerce. But it won’t be easy for India.

Payments 45

Payments ATM Cards Dallas 45

CB Insights

SEPTEMBER 10, 2019

As millennials head deeper into adulthood and make more money, the personal finance space is adapting to their unique money management attitudes in a few key ways: From in-person to online. In 2016, Goldman Sachs introduced its own online bank offering, Marcus, with an aesthetic and brand promise very similar to challenger banks.

Millennials 77

Millennials Mobile Lending Cards 77

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business.

Apple 78

Apple Branding Google Company 78

PYMNTS

JULY 31, 2018

In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. To do so, regulators should work with FinTech firms on “data sharing, standardization, security and liability issues.”.

Fintech 194

Fintech Security US United States 194

Fintech Labs Insights

MAY 3, 2021

US-based payments security provider. US-based fraud specialist. . #126 Signifyd $1.3B 128 Deel : $1.25B US-based payroll processor. 142 (tie) Groww : $1.0B India-based investing startup. 142 (tie) The Zebra : $1.0B US-based insurance lead gen company. 142 (tie) Clearcover : $1.0B US-based auto insurance provider. United States.

United States 15

United States Fintech US Company 15

Fintech Labs Insights

JUNE 22, 2015

online banking are rarer than the (not-so) mythical fintech unicorn. The c redit and fraud monitoring is powered by CSIdentity (CSID), an Austin-based firm that says it powers 80% of the retail identity theft protection industry. The company, founded in 2006, has raised $36 million in equity (mostly in 2010) and $6 million in debt. .

Mobile 12

Mobile Austin Fraud Comparison 12

Insights on Business

APRIL 21, 2017

When the Watson-powered IBM Safer Payments system went online in France, it was fed 4.7 It can detect and halt fraud in milliseconds. When it came on line, the credit card fraud rate in France fell for the first time in a decade. The system can learn.

Technology 156

Technology Compliance Regulation Training 156

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. via MDDI Online. A most-wanted founder.

Capital 78

Capital Company San Francisco Operations 78

CB Insights

MAY 15, 2019

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. Founded: 2010. Founded: 2010. Financial institutions using it can decrease errors, fraud, and processing times while improving workflows.

Innovation 78

Innovation blockchain Technology Groups 78