PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. More than 147,000 consumers who were scammed by I Works are getting full refunds totaling $12 million, the Federal Trade Commission (FTC) announced Monday (May 18).

Online 179

Online Utah Cards Operations 179

PYMNTS

APRIL 2, 2020

The Durbin Amendment is a 2010 law that gives merchants some choice in which networks route their debit payments, so networks want to entice retailers with speed and convenience. Signature debit is often more prone to fraud because signatures are relatively easy to fake and rarely subjected to scrutiny.

Cards 130

Cards Comparison Fraud Retail 130

PYMNTS

APRIL 1, 2020

This is thanks to a 2010 federal law known as the Durbin Amendment, which requires that merchants be able to select from at least two unaffiliated networks through which they can route their transactions. Consumers’ funds are then sent to PIN debit network operators, which extract interchange fees and pass the rest to merchants’ banks.

Cards 141

Cards Payments Security Fraud 141

PYMNTS

JUNE 13, 2017

“Industroyer’s ability to persist in the system and to directly interfere with the operation of industrial hardware makes it the most dangerous malware threat to industrial control systems since the infamous Stuxnet, which successfully attacked Iran’s nuclear program and was discovered in 2010,” said Cherepanov in the press release.

New Jersey 100

New Jersey System Industry Fraud 100

PYMNTS

JUNE 19, 2017

Bertrand was charged with 20 counts of failing to pay federal income taxes, Medicare and Social Security for the company’s employees between 2010 and 2014. Karson said that Soupman’s goal is to keep the company’s soups on grocery shelves across the country and to continue business operations as usual. was about $594,000.

New York City 108

New York City Taxes New York Operations 108

PYMNTS

DECEMBER 7, 2016

And beyond a storied history, Williams notes, Amex has some more contemporary numbers to back that up — fraud rates on its network are about half the rates at their card network competitors. The good news about EMV, Williams noted, is that it did make a notable dent in card-present fraud. The changing commerce landscape.

Fraud 100

Fraud Security Mobile Trends 100

PYMNTS

DECEMBER 1, 2016

November 30 began the start of a multinational operation to dismantle a complex, criminal network of worldwide computer servers known as Avalanche,” the statement reads. Avalanche has been operating since at least 2010. The operation involves arrests and searches in five as-of-yet-unnamed countries.

Operations 100

Operations Report Fraud Security 100

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. In 2010, LendingClub added to its war chest with a $24.5 All but three of those loans were paid in full January of 2010. said U.S.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

NOVEMBER 21, 2018

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. billion every year in what would have been government revenue between 2010 and 2014.

Taxes 122

Taxes National Report Data 122

PYMNTS

JUNE 16, 2017

The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges that people couldn’t access their money in their NetSpend accounts. In a release, the government agency said NetSpend is sending notices by email and mail to people who are eligible for a refund.

Cards 109

Cards Marketing Operations Online 109

PYMNTS

NOVEMBER 2, 2016

It also included the methods behind intelligence operations, noted the report. Other information revealed in the data dump include the configuration settings for an as-yet-unknown toolkit used to hack servers running Unix operating systems. .” According to the report, the leak on Monday (Oct. 22, 2000, and Aug.

Groups 100

Groups Security Analysis Data 100

PYMNTS

SEPTEMBER 4, 2018

In its statement, the company said that it had uncovered “serious shortcomings” in its efforts to conduct customer due diligence at Dutch operations stemming from the period between 2010 to 2016. The total tally will be taken as a charge against third quarter results. and Dutch authorities to a firm owned by an Uzbek official.

Groups 116

Groups Policies Report Security 116

PYMNTS

DECEMBER 8, 2017

The firm reported it had stopped its mining operations for approximately 24 hours as of Thursday (Dec. In separate NiceHash news, the company announced its chief technical officer had been arrested and imprisoned for his work on the Mariposa virus, a 2010 cyberattack that impacted and infected millions of computers worldwide.

Bitcoin 105

Bitcoin cryptocurrency Video National 105

PYMNTS

JANUARY 7, 2020

If the Iranians do opt to conduct operations (cyber or otherwise), he added, it will partly be to show that the nation is not powerless, and that they are in control of their capabilities and proxies. There’s also the potential for “false flag” operations, he said. In this case, other nations can test their own cyberattacks on the U.S.,

National 145

National United States Operations System 145

PYMNTS

MAY 24, 2016

VirnetX is a somewhat successful patent trolling operation. In 2010, it settled out of court with Microsoft for $200 million and filed a new case against it last year. The plaintiff in the case, VirnetX, was in court with Apple since 2012 and held nearly 80 patents — four of which form the basis of the case against Apple.

Apple 104

Apple Samsung Video Software 104

PYMNTS

APRIL 27, 2017

AIB said in a statement to Bloomberg that the settlement has to do with issues that happened between July 2010 and July 2014. The bank “fully co-operated with the Central Bank at all stages of this investigation, which has now concluded,” it added.

Compliance 100

Compliance Taxes Regulation Policies 100

PYMNTS

MAY 14, 2018

The average model year of a GasBuddy customer is a 2010, and the most popular vehicles on their platform (and in America) remains trucks and SUVs – cars associated with a fair amount of gas consumption. Security, she said, is among them, since card skimming at pump readers is an endemic problem for gas station operators.

Millennials 101

Millennials Operations Mobile Cards 101

PYMNTS

DECEMBER 2, 2016

Hackers have transformed the cybercriminal underworld into a more proficient and digitally-powered environment, which now closely resembles the same business models and operations as legitimate businesses. Once again, we can see how professional the cybercriminal underworld is in their operations,” Chappell added.

Operations 100

Operations Cards Online Industry 100

PYMNTS

MARCH 21, 2017

According to reports out this morning in The Guardian, some of Britain’s best-known banks have processed around $740 million that came care of a massive money laundering operation. The scale of the operation has been the most striking detail for investigators. banks processed over $63.7m. banks and 373 via U.S.

Compliance 109

Compliance Training Operations America 109

PYMNTS

SEPTEMBER 19, 2017

The latest report from Finastra , the FinTech conglomerate recently formed through the merger of Misys and D+H, and financial research firm Celent finds that banks are poised to see a 4 percent growth rate in corporate banking revenue through 2020, double the growth rate seen between 2010 and 2016.

Innovation 108

Innovation Survey blockchain Lending 108

PYMNTS

JUNE 12, 2017

First, it can help detect and avert fraud by making trends easier to spot. OL: Ronen Morecki and I founded Zooz in 2010 and launched the company in 2012. Its extensive e-Commerce operations process transactions from studios and audiomasters globally. Zooz also offers secure data storage and protection for consumer information.

Data 136

Data Retail Software System 136

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

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Fraud prevention tools. Sigma aims to streamline business operations. Online and offline payments. Supporting merchant partner growth. Virtual card issuance.

Online 98

Online Company Retail Payments 98

Independent Banker

OCTOBER 1, 2022

The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk. Attackers’ skills now are very advanced compared with even five or 10 years ago, and serious attacker groups are dramatically more skilled than 2010 and prior.”.

Data 91

Data How To Community Bank California 91

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. So I went to the Finovate 2010 Best of Show to see where these firms are now. There's the "where are they now" look at Finovate's 2010 Best of Show winners. Bank examiner focus moves in waves.

Fintech 60

Fintech Capital Cards Bitcoin 60

PYMNTS

JANUARY 30, 2018

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out.

America 109

America Maryland FDIC Millennials 109

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

PYMNTS

NOVEMBER 30, 2018

In recent headlines surrounding payments fraud and improper use of company funds, perhaps none loomed larger than the news that Nissan Motor Corporation ’s board voted unanimously to force Chairman Carlos Ghosn from his position. Those warnings come as invoice fraud is on an upswing, up by about one-third through the past year.

Payments 124

Payments Fraud Florida Report 124

Fintech Labs Insights

JANUARY 25, 2016

At FinDEVr San Francisco 2015, Nexmo showed how its APIs and SDKs help companies such as Expedia, Zipcar, and Viber increase security, decrease fraud and protect user identity without compromising the user experience. Prior to founding Nexmo in 2010, Jamous worked at Paymo, which was acquired by BOKU in 2009. Nexmo Verify API.

San Francisco 12

San Francisco Bitcoin Fraud User Experience 12

CB Insights

OCTOBER 29, 2018

While November 2010 saw the release of the new Windows Phone with a new platform, it never caught on with consumers. Meanwhile, after two years of development and about a billion dollars spent, a new phone rolled out in April of 2010 under the name Microsoft KIN. Microsoft and Nokia. Date: April 25, 2014. Price: $7.9B.

Google 76

Google Software Innovation Company 76

FluentBanking

APRIL 18, 2020

Such limits may be attained in two to three years (2010, 2011 and 2012, respectively) after making the course contents, reading materials, library facilities and coaching facilities available to the candidates. The rate of fee for the issuance of a duplicate JAIBB or DAIBB certificate is Tk.

Regulation 52

Regulation Case Study Security Management 52

PYMNTS

NOVEMBER 7, 2018

But it’s worth looking at some of the details that have been illuminated to date, to get a sense of how accounting fraud, rendered through fake documents including invoices and other means, can mean ill-gotten gains that span a significant number of decimal places. These are but a few examples of fraud to the tune of billions of dollars.

Fraud 116

Fraud Examples United States Groups 116

PYMNTS

AUGUST 15, 2019

The “online version of a payments terminal” was how the media portrayed Visa ’s acquisition of CyberSource in 2010. At the turn of the 2010s, online commerce was roughly a tiny 4 percent of all retail sales, but growing at nearly a 15 percent annual clip. And very nascent it was.

Payments 207

Payments Online Tools Retail 207

PYMNTS

NOVEMBER 6, 2017

Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 The Index also reported that global fraud can cost merchants in eight different industries $57.8 percent from Q2 2016 to Q2 2017. that was featured on NBC’s Today Show.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

AUGUST 7, 2017

Europe is one market catching up to the leaders, though, as regulators look to eInvoicing to combat fraud and promote tax compliance. But suppliers operate with an understanding that payment terms will vary, and in Europe, it’s less common for a supplier payment to be even further delayed because payment is made via paper check.

Taxes 108

Taxes Regulation Compliance Industry 108

CB Insights

SEPTEMBER 27, 2017

I don’t think so,” said Time Warner CEO Jeffrey L Bewkes, when asked in 2010 what he thought about the company’s push toward licensed content. “Our guests don’t want the Airbnb feel and scent,” said Christopher Norton, EVP of global product and operations at the Four Seasons, speaking to Fast Company a couple of years ago.

Bitcoin 65

Bitcoin Apple Innovation Industry 65

CB Insights

AUGUST 14, 2018

I don’t think so,” said Time Warner CEO Jeffrey L Bewkes, when asked in 2010 what he thought about the company’s push toward licensed content. “Our guests don’t want the Airbnb feel and scent,” said Christopher Norton, EVP of global product and operations at the Four Seasons, speaking to Fast Company a couple of years ago.

Bitcoin 78

Bitcoin Apple Industry Nebraska 78