PYMNTS

JANUARY 2, 2019

The road has been long and winding for Australia’s march toward real-time payments, tracing its genesis back to 2012. Alignment is also necessary in collaborative efforts by governments and financial services firms to work with effective fraud, AML and sanctions screens, where efforts can be fragmented. Key Drivers in Place.

Payments 197

Payments Fraud System Cards 197

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

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

DECEMBER 21, 2016

Sure, credit cards got stolen or skimmed from time to time — but such occurrences were comparatively rare. But more remarkable than the fact that Yahoo actually managed to compromise the data of 21 percent of the planet is the fact that this information barely registered with the vast majority of people. What happened? What came next?

Data 100

Data Cards Fraud Security 100

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Celent Banking

JANUARY 23, 2017

Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. Risk Management – for the most impressive initiative to improve enterprise risk management. Lending Product – for the most impressive consumer or business lending or collections initiative.

Risk Management 100

Risk Management Innovation Case Study Boston 100

Banking 2020

NOVEMBER 28, 2015

As the US comes out of its first post-EMV liability shift months, it’s worth looking at how chip cards have evolved over the years to improve security and how lessons learnt in other countries have made smart cards more secure than ever. These were card-present frauds that managed to nullify the PIN. CDA explained.

Fraud 40

Fraud Cards Security Analysis 40

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. By using funds managed by LCA to benefit its parent company, LCA and Laplanche failed to do so.”. The SEC Finding.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

OCTOBER 7, 2019

Nav — a financial management app for small businesses that helps users access credit reports from commercial and consumer credit bureaus — is well aware of lackluster authentication procedures’ consequences. The system has never fallen victim to fraud, despite several attempts by bad actors, according to Hanson. How Nav Works.

Tools 101

Tools Data Security Fraud 101

Accenture

SEPTEMBER 22, 2019

They also deliver innovative, easy-to-use apps that help users with things like managing their daily budget or travelling abroad. While our research reveals consumer trust in banks is at its highest since 2012, consumers’ concerns over online fraud and cybersecurity have also grown. Cybersecurity.

Innovation 150

Innovation Metro Apple Marketing 150

PYMNTS

JULY 7, 2016

Fraudsters, using email verification and proxy detection services, for example, have successfully found a way to: Compromise more than 630 million credit cards; Leak 1.2 Compromise roughly two-thirds of all credit cards. billion record onto the black market; and.

Innovation 101

Innovation Tools Marketing Study 101

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. Fraud prevention tools. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Virtual card issuance.

Online 98

Online Company Retail Payments 98

PYMNTS

JUNE 3, 2016

To adapt, let alone thrive, businesses with store locations must embrace EMV, the latest in payments security and authentication, especially considering the retailers themselves have taken on more responsibility for fraud after 2015’s liability shift. The challenge for the last year has just been educating our customer base.

Retail 100

Retail Apple Fraud Online 100

PYMNTS

APRIL 25, 2016

Fraud is moving en masse online , though, as in-store methods are getting harder and crooks look to find the weakest link. According to the PYMNTS/Forter Global Fraud Attack Index , online fraud attacks have jumped by 11 percent since the shift in the U.S. Overall, year over year, online fraud attacks have spiked 215 percent.

Lending 100

Lending Mobile Cards Fraud 100

Jeff For Banks

DECEMBER 12, 2015

Aside from interest rate risk, vendor management is high on the list. If looking for a FinTech (seven) partner, follow your vendor management procedures. With more than $3 billion in assets under management (AUM), it recently surpassed rival Wealthfront. Perhaps I should have mentioned blockchain. And I suspect elsewhere.

Fintech 60

Fintech Capital Cards Bitcoin 60

Gonzobanker

NOVEMBER 17, 2016

The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. While consumers and payment providers may hope for frictionless payments, the execution path will require new capabilities and deployments in fraud mitigation, cyber security, open APIs, and enhanced interoperability.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Tomorrow's Transactions

MARCH 16, 2016

American retailers have been lobbying the great and good to implement PIN for card transactions. PIN is the most secure authentication technology currently available, and retailers should have the option to require PIN on credit and debit card transactions—the same protection provided at ATMs. Well… not quite.

Retail 30

Retail Cards Fraud US 30

PYMNTS

SEPTEMBER 30, 2016

Yahoo employees told NYT that security was just one of the competing priorities Mayer was faced with when she took over as CEO back in 2012. Though that decision took place years ago, it may have contributed to the hot cybersecurity water the company has found itself in today.

Security 100

Security Data System New York 100

NCR

DECEMBER 9, 2016

With payment innovations like contactless cards and mobile wallets becoming more widely accepted all the time, it seems that the need for consumers to carry cash is dropping by the day. In no country is this more evident than Sweden, where 80 per cent of all transactions are completed by card, according to the Swedish Trade Federation.

Cards 40

Cards Payments ATM 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. WrkRiot’s short-lived house of cards falls down.

Fraud 78

Fraud Las Vegas Company Video 78

CB Insights

AUGUST 23, 2018

JPM boasts an industry leading credit card network. With an elite rewards network, JPM is able to use its credit cards as a lever to attract and retain valuable clients. Credit cards as a lever to attract affluent clients. Branded cards. JPM began betting on payments a decade ago — and it hasn’t slowed down since.

Cards 76

Cards Mobile Strategy Branding 76

William Mills

SEPTEMBER 7, 2016

With CRMnext, replacing a lost card or request a new pin is a one button process. Data and Analytics are a profit center rather than something that just needs to be managed. Demo: A Wealth Management Company (ACME)– GoodData can embed analytics directly in ACME’s dashboard. 20% of customer interactions are assisted.

Mobile 40

Mobile Cards Fraud Data 40

Fintech Labs Insights

DECEMBER 1, 2015

Fresh on the heels of being acquired by Prosper in October, expense management and fraud tracking application BillGuard made some of its most popular premium features available for free, including: Unlimited card monitoring: previously it was limited to one credit or debit card.

San Francisco 12

San Francisco Fraud Cards Management 12

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.

Regulation 52

Regulation Case Study Security Management 52

NCR

MAY 3, 2016

Further cementing malware as the preferred weapon of the modern day bank robber is the discovery of a new hybrid banking trojan called GozNym – a combination of the Nymaim malware that first popped up in 2013 and Gozi malware that emerged in 2012. Securing the Vault. For more information, visit [link].

Policies 40

Policies Security ATM System 40

Fintech Labs Insights

OCTOBER 20, 2020

Founded: 2012. Description: Biometric authentication system to reduce fraud while protecting user privacy. Description: Automated expense/card management solutions for SMB customers. Related: Digital Banking Challenger AidBanc Tackles the Money Management Headaches of Global Non-Profits (Fintech Startup of the Week).

Fintech 15

Fintech San Francisco NJ Arkansas 15

PYMNTS

JULY 5, 2018

Small firms, big fraud. Separately, and in a case involving payment card fraud, Navajo Times reported that Director Jesse Delmar of the Division of Public Safety is “on his way to being sanctioned with 20 percent of his salary” in the wake of a June order from a committee. Want another way and means of fraud?

Payments 104

Payments Fraud Connecticut Cards 104

Fintech Labs Insights

AUGUST 12, 2014

Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4% Pay with with Dwolla or Bitcoin, and manage all your orders in one place.

Fintech 26

Fintech Bitcoin Cards Online 26

Fintech Labs Insights

SEPTEMBER 8, 2015

But in the aftermath of the 2008-to-2012 downturn and all the negative press about the “credit crunch” (both real and imagined), business owners are less confident that their bank will come through for them when they need it. Inbound payments (ACH, P2P, cards, mPOS). Small biz branded mobile banking app.

Strategy 12

Strategy Fraud Security Community Bank 12

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. Bank project management offices. A phenomenally successful $50+ billion private/wealth management bank with a customer list to die for probably won’t hurt on the reference list. Vendor management. “I Just asking.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

JUNE 25, 2018

Victims paid an average of $290 out of pocket in 2017, and spent approximately 15 hours resolving takeover-related fraud. There’s good reason why cybercriminals are turning to the technique, according to Dave Endler, co-founder and president of security and fraud prevention solutions provider SpyCloud. The LinkedIn breach form 2012?

Payments 116

Payments Security Fraud Online 116

PYMNTS

JULY 5, 2018

Now, said Bouda, network tokens have also been developed to leverage the EMV standards that were introduced by card networks when contactless mobile wallets made their debut in 2014. In eCommerce, for example, card-not-present fraud has climbed 250 percent since 2012. Network Tokens.

Cards 104

Cards Fraud Security Data 104

PYMNTS

SEPTEMBER 23, 2016

Functioning properly, contract workers can be paid “within minutes” directly to a Visa or Mastercard debit card. The upgrade is made possible by two separate deals with Visa and MasterCard that will see Stripe add both Visa Direct and MasterCard Send to its marketplaces so that users can get paid faster to their debit cards.

Data 100

Data Retail Groups Payments 100

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. This would be Munchery’s downfall.

Apple 78

Apple Branding Google Company 78

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. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. Select Investors : Wellington Management.

Report 78

Report San Francisco Capital New York 78

Fintech Labs Insights

JUNE 3, 2021

72 (t) Forter: $3B US ecommerce fraud specialist. #97 . #55 Kraken : $4+B US crypto exchange (valuation per Fortune, based on 2019 round, and likely MUCH higher now). #60 60 Paymentus : $3.8B US payments company that went public 25 May 2021. #61 61 Hypoport : $3.6B German lender that went public in 2007. #72 97 Acorns : $2.2B 3 June 2021.

United States 15

United States Fintech US Technology 15

Fintech Labs Insights

APRIL 8, 2021

US-based business charge cards. US-based fraud protection for financial instituions. US-based fraud protection for financial instituions. . #80(t) Chainalysis : $2.0B US-based cyrpto company. #80(t) 80(t) Pipe : $2.0B US-based SMB lender. #89 89 Starling Bank : $1.9B UK-based challenger bank. #97 97 Ramp : $1.6B Value Date.

United States 15

United States Fintech US Lending 15