PYMNTS

SEPTEMBER 21, 2020

Bloomberg News reported that Tricia Weener , HSBC ’s global head of marketing, sent a memo to the workforce of the London-based company stating that they must not post to social media until at least 11 a.m. HSBC is a much safer institution than it was in 2012.”. United Kingdom time on Tuesday (Sept 22). On Monday (Sept.

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PYMNTS

JULY 6, 2018

Or how to make sure new markets — like the new legal betting market in the U.S. And, of course, how to leverage enough security advances to keep out the cybercriminals who want to follow — and rob — the digitally migrating crowds. $2 250 percent : The amount card-not-present fraud has grown since 2012.

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Accenture

FEBRUARY 28, 2017

Cash usage will see a clear reduction across Europe—as an example, ATM cash withdrawals in the UK, which peaked at 2.9bn withdrawals in 2012, will fall from 2.7bn withdrawals in 2016 to somewhere between 2 – 2.5bn withdrawals in 2017. Use of Apple Pay, Samsung Pay etc. Real-time Payments Interbank Infrastructure.

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Accenture

FEBRUARY 28, 2017

Cash usage will see a clear reduction across Europe—as an example, ATM cash withdrawals in the UK, which peaked at 2.9bn withdrawals in 2012, will fall from 2.7bn withdrawals in 2016 to somewhere between 2 – 2.5bn withdrawals in 2017. Use of Apple Pay, Samsung Pay etc. Real-time Payments Interbank Infrastructure.

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PYMNTS

JUNE 21, 2017

SoftBank is helping out Boston-based digital security firm Cybereason with a big $100 million investment. Cybereason turns machine learning and behavioral analytics loose to process data and flag security issues in real time. The new funds will go to hiring, product development and expanding into new markets.

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PYMNTS

APRIL 4, 2017

An attorney from the Wiand Guerra King firm in Florida, Jordan Maglich, shared that there have been 65 Ponzi schemes per year since 2012, equaling around $6 million with a reduction to $3.5 Securities and Exchange Commission (SEC) to uncover Ponzi schemes in the U.S. million in 2016.

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Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers? Profitability.

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PYMNTS

MAY 8, 2019

“We are accountable for cleaning up this market,” he added, calling on the FTC to take a tougher stance on predatory small business lending. Chopra spoke at an agency forum in Washington, D.C., “The FTC is the sole federal regulator and enforcer in the non-bank small business financing marketplace.

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Banking 2020

NOVEMBER 25, 2015

This has posed problems, not least the fact it’s the only country in the world where counterfeit card fraud losses are rising. So what can the US market expect to happen after the liability shift? Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away.

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NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

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PYMNTS

MARCH 18, 2019

Digitalization, fast-moving payments, international trade, global economic interconnections and a lack of standard regulations across markets all make money laundering and CTF immense challenges for FIs – something firms are working hard to address. . Rethinking Security Strategies . Financial and Ethical Security Strategies.

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PYMNTS

JANUARY 16, 2017

The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. In July 2012, in one week alone, the FTC contends the defendants made more than 1.3

Company 100

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FICO

NOVEMBER 30, 2022

Insurers are looking for ways to proactively provide offers and secure solutions to insurance customers who want new forms of protection. The world since COVID-19 — exacerbated by increasing uncertainties such as inflation, war, and climate change — is anything but secure. Fighting Insurance Fraud.

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PYMNTS

DECEMBER 6, 2018

Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

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PYMNTS

OCTOBER 17, 2018

Or, more recently, consider all the digital expertise and innovation brought to the market by entrepreneurial veterans of the Israeli military and spy services. Just look at the logistical lessons learned during World War II that were applied to post-war industry, or even the development of the internet and how U.S. Prepping the Battlefield.

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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.

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NCR

AUGUST 4, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 40

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PYMNTS

DECEMBER 21, 2016

How did consumers go from leading lives mostly free from data fraud and identity theft to one where such hacks, skims and breaches are part of the everyday background noise? Which is not to say that EMV was not on the table before news broke of the Target breach — the liability shift was announced as far back as 2012. What happened?

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PYMNTS

MAY 28, 2019

Lawmakers changed the rule in 2012, but they estimate losses of 10 billion euros. Deutsche Bank said it wasn’t involved with the Cum-Ex market as either a buyer or seller, but that it participated in Cum-Ex transactions of clients. The tax was only paid once, and both could use the certificates to get the full amount of the refund.

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PYMNTS

DECEMBER 6, 2018

The news negatively affected the global markets, and U.S. In 2012, HSBC said it would pay the United States $1.9 The Commerce Department and the Treasury Department’s Office of Foreign Assets Control were both involved as well. stocks plunged on Thursday in response to the news.

United States 111

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NCR

FEBRUARY 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. “By establishing this liability shift, we’re advancing efforts to prevent and reduce fraud,” he stated.

ATM 40

ATM Fraud Illinois Cards 40

PYMNTS

JANUARY 24, 2018

states passed laws allowing documents to be notarized electronically if the participants were in the same room as the notary, thus opening the market for solutions like DocVerify’s. Securing the Signatures. In the mid-2000s, roughly 25 U.S. So, that’s the process people are used to, and the process they trust.”. Chicken or the Egg?

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PYMNTS

OCTOBER 2, 2018

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant’s consumer-facing product is devised as a digital alternative to that market. A Better Option For Banks.

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PYMNTS

JUNE 12, 2017

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. OL: Ronen Morecki and I founded Zooz in 2010 and launched the company in 2012. PYMNTS: Can you give the history on the founding and launch of the company? We started with $1.5

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PYMNTS

JUNE 20, 2016

San Francisco-based Plaid was founded in 2012 with the vision of making the world a better place for FinTech firms by providing easy infrastructure to connect FinTech innovators with their clients’ bank accounts. Plaid sits in an interesting space with a huge number of technical challenges.

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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. On Friday (Sept. The SEC Finding. said U.S. “As Attorney Alex Tse. “We

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PYMNTS

OCTOBER 17, 2018

Or, more recently, consider all the digital expertise and innovation brought to the market by entrepreneurial veterans of the Israeli military and spy services. Just look at the logistical lessons learned during World War II that were applied to post-war industry, or even the development of the Internet and how U.S. Prepping the Battlefield.

Payments 100

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PYMNTS

JUNE 8, 2018

based Immersive Labs for its cyber security war games demonstrates the enduring appeal of that adage. Those games might revolve around the question of whether to raise prices by a certain percentage, for instance, or seek to anticipate the effects of a competitor breaking into the market. Can businesses learn something from that?

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PYMNTS

OCTOBER 17, 2017

Certain Wells Fargo representatives mistakenly believed that the products could be used as a long-term hedge on their customers’ equity positions in the event of a market downturn. “Volatility-linked ETPs are complex products that could be misunderstood and improperly sold by registered representatives.

California 100

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PYMNTS

JULY 20, 2016

Reports said China and Hong Kong have become key hubs for these scammers because of their large trade finance booking markets. ” Plus, reports added, Hong Kong has had issues with money laundering after authorities in 2012 stated the city was noncompliant due to a lack of controls when funds are transacted across borders. .

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PYMNTS

JANUARY 7, 2020

There is no need, then, to go out and stock up on canned goods at the local market. Consider one example of asymmetrical ability, evident in the so-called Shamoon attack of 2012. “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. What Iran Wants.

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PYMNTS

OCTOBER 28, 2016

faster – with 500 members)) and security (e.g. The Fed yesterday announced the formation of its Payments Security task force and has launched an online survey to collect comments on payment identity management, and data protection. 8 and responses will used to help determine just where efforts to improve security should lie.

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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. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Market opportunity.

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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

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PYMNTS

AUGUST 6, 2016

Unknown at this point , but black markets being what they are , also certainly in the billions. And as serious as that sounds — Southeast Asian -o rganized crime dedicating itself to stealing your product at all costs is actually quite bad — that isn’t even the biggest security problem the SAT has right now. The Question Mark Hack.

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PYMNTS

MARCH 22, 2017

And then, in 2012, the situation got even more complicated. All panel members agreed that forcing a multi-billion-dollar-a-year vertical to operate in a cash-dominated, semi-black market when it comes to financial services is not sustainable — or smart. Higher Risk Than Necessary.

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Fintech Labs Insights

FEBRUARY 24, 2017

Phone-based fraud prevention company Pindrop Security received a major endorsement yesterday. These three entrepreneurs have all created global ecosystems and will help accelerate our growth and expansion in the voice security and authentication market.”. Calls protected by Pindrop increased 500% year-over-year.

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