PYMNTS

NOVEMBER 10, 2020

New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats. or EMV 3DS) has not been smooth, however, accelerated eCommerce demand spurred the pandemic, has gotten the technology paradigm off the ground.

Security 233

Security New York Atlanta Fraud 233

PYMNTS

NOVEMBER 3, 2020

3) that it has completed its multimillion-dollar acquisition of CPS Payment Services , a B2B payments and accounts payable (AP) automation technology provider. Repay Holdings said on Tuesday (Nov. The centerpiece of CPS’ offerings is the firm’s proprietary AP automation software.

Atlanta 140

Atlanta Payments Software Cards 140

PYMNTS

NOVEMBER 24, 2020

Record sales following a massive staff reduction prompted point-of-sale (POS) restaurant technology (ResTech) startup Toast to hold a share purchase offering on an $8 billion valuation. Founded in 2011 by Aman Narang , Jonathan Grimm and Steve Fredette , the startup closed a $400 million funding round in February at a $4.9

Boston 231

Boston National Tools Cards 231

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. payment volume in March was on EMV cards. down by 76 percent. Visa set the path for the U.S.

Fraud 133

Fraud Cards United States Regional 133

PYMNTS

JANUARY 19, 2017

A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s market share. The firm found that 471 billion cashless payments were made around the world in 2015, up 52 percent since 2011.

Payments 100

Payments Cards Retail ATM 100

PYMNTS

MARCH 31, 2019

FinTech companies that offer new technology to help move cash and funds across borders are becoming increasingly popular and disruptive to traditional banking institutions. TransferWise was started in 2011 by two Estonians: Taavet Hinrikus and Kristo Kaarmann. They’re also often more affordable.

Fintech 168

Fintech Groups Cards Report 168

PYMNTS

SEPTEMBER 5, 2019

Also, Visa says chip cards have reduced counterfeit fraud by 87 percent since their inception, and Grab is planning to earmark $150 million for additional research into artificial intelligence (AI). Visa: Chip Cards Reduce Counterfeit Fraud by 87 Pct. Today in the payments news roundup, almost 40 percent of U.S.

Fraud 116

Fraud Payments Cards Innovation 116

PYMNTS

JUNE 13, 2019

Indian ride-hailing startup Ola , which is backed by SoftBank Group, is planning to build a technology center in Silicon Valley — right near rival Uber. Founded in 2011, Ola is making its first entry into the United States. And last month Ola teamed up with SBI Bank in India and Visa to launch a credit card.

United States 100

United States Groups Leadership Cards 100

Payments Source

MAY 24, 2016

When TableSafe launched in 2011 under the name Viableware, it was a simpler time in payments technology and the company had a simpler product to offer — a tablet-like check holder that lets wait staff collect card payments without leaving the table.

Cards 65

Cards Technology Payments Company 65

PYMNTS

JULY 11, 2019

Go-Jek, which rolled out in 2011, has grown from ridesharing to letting customers order a range of products from food to massage and groceries as well as make online payments. The company integrated Go-Pay into the Go-Jek app, letting customers store money on their mobile phones — much like a digital debit card.

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Lending Financial Technology Online Community 100

PYMNTS

SEPTEMBER 7, 2016

Only 20 percent of smartphones connected to Mobile TeleSystems (MTS) used NFC technology at the end of 2015, according to Russian newspaper Vedomosti. MegaFon is responding and has introduced a contactless payment card that uses the subscriber’s mobile phone balance rather than their bank account. billion rubles ($1.1

Mobile 100

Mobile Payments Cards ATM 100

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. It also limited the restrictions that issuers and payment card networks can place on the processing of an electronic debit card transaction. . New Lawsuit.

North Dakota 78

North Dakota Cards Regulation Fraud 78

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Most Latin American card networks rely on chip and PIN fraud detection technology.

Fraud 52

Fraud Cards Analytics System 52

BankBazaar

NOVEMBER 18, 2021

According to an RBI document from March 2011, the average number of non-cash transactions per person was only six per year. In 2011, just a small percentage of the approximately 10 million retailers expected card payments, according to the same paper and around 145 million households were not connected to the banking system.

Payments 78

Payments Cards System National 78

PYMNTS

JANUARY 9, 2019

million deal closed at the end of last year, and is the second transaction in two months for Paya, which said in November that it bought Stewardship Technology , a payments facilitator (payFAC) that serves nonprofits and faith-based organizations. Cohen told Webster that First Billing is “in the right spot with the right technology.”

Software 158

Software Ohio Strategy Technology 158

PYMNTS

AUGUST 1, 2019

Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs). KiwiCo was founded in 2011 and offers seven different subscription boxes focused on different age groups or interests.

Security 108

Security Cards Fraud Survey 108

Celent Banking

MAY 22, 2017

Google has discussed: Google Payment API , which enables merchants to let their customers check out via any cards stored with Google. Importantly, it also includes cards registered via Android Pay. Issuers that integrate push provisioning API allow their cardholders to add cards into Android Pay directly from their mobile banking apps.

Google 128

Google Cards Conference Video 128

Tomorrow's Transactions

JUNE 3, 2016

I’m in Frankfurt for the annual PayComm MEETS Europe, my chance to catch up with practitioners from the continental card markets. It’s really hard to keep up with all of the change in the market, driven primarily because of the regulation rather than new technology. The pace of regulatory change seems relentless.

Cards 30

Cards Marketing Regulation Course 30

PYMNTS

JUNE 6, 2016

The merchant-card network relationship can be complicated. To help us get a better understanding of one card network’s point of view on this claim, as well as EMV’s evolution seven months in, Karen Webster recently spoke with Stephanie Ericksen, VP of Global Risk Products at Visa. . Ericksen also added that because the U.S.

Fraud 100

Fraud Cards Technology Data 100

PYMNTS

MARCH 6, 2017

While hackers got into the POS systems through a faulty firewall or third-party vendor, once in they were able to install malware that located unencrypted credit card information — which was then sent to remote servers, packaged and resold on the black market. The Introduction of PCI-Validated P2PE in 2011.

America 119

America System Security Data 119

PYMNTS

DECEMBER 17, 2020

The company began charging for online content in 2011, betting that digital news was the key to its future growth. Some consumers are reluctant to provide their credit card numbers before they try a service. It aims to reach 10 million subscribers by 2025.”. consumers sign up for streaming services.

United States 151

United States Software New York Branding 151

PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. He gave a telling example: he and a colleague once conducted an experiment where Dewey dialed the call center listed on the back of the other’s credit card. They let me right in,” Dewey said. at Georgia Tech.

Fraud 107

Fraud Cards Houston Retail 107

PYMNTS

AUGUST 12, 2019

Traditionally, online retailers receive and process credit card information upon each transaction. With subscriptions, credit card data is often stored for convenience and ease of payment. Considering a company could have thousands — or even millions — of subscribers, this volume of credit cards could become a target for fraud.

Retail 118

Retail Video Security Software 118

Fintech Labs Insights

MARCH 15, 2024

The event is organized by industry veteran Bruce Burke who first landed on the events radar with his well-timed Social Mobile Payments conference launched in 2011. . – But there is another event debuting this year that I completely get, Fin + AI 2024 It could easily become a fixture on the fintech conference circuit.

Conference 15

Conference Las Vegas Fintech Case Study 15

Celent Banking

JANUARY 28, 2016

Back in 2011, I wrote a report titled Innovative Payment Startups: Bank Friends or Foes? Some solutions actively support the established payment systems, in particular cards. Others, such as Apple partner with banks to develop propositions that “wrap around” a card transaction.

Fintech 100

Fintech Innovation Retail Payments 100

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

PYMNTS

MARCH 12, 2019

Mergers and acquisitions have become a popular way for traditional financial institutions to acquire the technologies developed by smaller FinTechs, not only allowing FIs to build out their offerings, but eliminating the reliance on an API strategy to connect their platforms to third parties. . ”

Data 184

Data Fintech Strategy Regulation 184

FICO

MAY 2, 2019

As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online. Today’s Data Breach Is Tomorrow's Fraud.

Fraud 70

Fraud Data Cyber Security Risk Management 70

PYMNTS

MARCH 6, 2019

StyleSeat Founder Melody McCloskey knew she had a good idea when she launched StyleSeat in 2011, because the concept seemed so intuitive. Standing out and building loyal customer relationships is critical to success, McCloskey said – and StyleSeat’s technology helps stylists accomplish both.

social media 111

social media Management Branding Innovation 111

PYMNTS

OCTOBER 17, 2017

The OrderUp acquisition from Groupon ended on similar terms, with Groupon customers gaining coupon codes and gift cards to certain Grubhub-participating restaurants. OrderUp does, however, continue to operate in 11 markets, which license the platform’s technology and mobile app, though they may not be doing business under its name.

Baltimore 138

Baltimore Boston Chicago Mobile 138

PYMNTS

SEPTEMBER 3, 2019

The most transformative innovations in payments and commerce over the last decade are mostly the result of innovators making what was once visible, invisible: payments, stores, merchants, brands, issuers, even card networks. The company made history in 2011 when it launched what is still the country’s most successful in-store mobile wallet.

Innovation 223

Innovation Payments Branding Cards 223

Accenture

AUGUST 29, 2019

True story…I was walking through the office last week and bumped into a colleague from our analytics team, Amy, who is at the cutting edge of technology and always has the latest gadgets. Yes, nice use of technology but…. As we were talking her phone buzzed and she said, “Hey have a look at this!” percent of GDP and has created 2.6

Strategy 150

Strategy Study Training Technology 150

NCR

SEPTEMBER 1, 2016

Banks and card providers have been devoting a lot of attention recently to Asian markets, and it’s not hard to see why. Recent figures have highlighted how efforts are being made to boost banking infrastructure in this part of the world and deliver the right technologies to consumers to help them embrace digital.

Regional 75

Regional Payments National Boston 75

CFPB Monitor

JUNE 26, 2022

It highlights new EFE typologies and potential red flags and builds upon a related advisory issued in 2011. They often will create high-pressure situations and then request victims to make payments through wire transfers at money services businesses, prepaid access cards, gift cards, money orders, tracked delivery of cash through the U.S.

social media 78

social media Fraud Resources United States 78

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. Keep in mind, the US market had the most cards to re-issue and the most POS devices to replace, it was a costly initiative, but in the long run, can save substantial costs associated with fraud. million in 2016.

Fraud 84

Fraud Cards Security US 84

PYMNTS

JUNE 2, 2016

By now the rollout of EMV in the United States is old news, with an October 2015 deadline that seems positively ancient in the rearview mirror, and the transition itself had been telegraphed as far back as 2011, with a template stretching back across a decade especially in Europe.

Maine 100

Maine US United States Training 100

PYMNTS

OCTOBER 13, 2016

Kabbage is a data and technology platform that enables real-time lending. The business made its first loans in May 2011, and now there are now about 335 employees in four locations including the U.K., It’s evolved its product list to include the ‘Kabbage Card’ and ‘Karrot Personal Loans.’. million to small businesses in the U.S.

Regulation 100

Regulation Lending US FDIC 100