PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Buy online, pickup in store (BOPIS) purchasing is one example.

Fraud 130

Fraud Analysis Regional Examples 130

PYMNTS

OCTOBER 17, 2019

Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their money. The outage has been going on for the last 24 hours, taking down the company’s website and app, as well as shutting down customers’ debit cards.

Digital Banking 107

Digital Banking San Francisco Leadership Cards 107

CFPB Monitor

MARCH 19, 2015

The CFPB has issued another request for information about the credit card market. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. In October 2013, the CFPB issued its first report to Congress on the results of its first review. Online Disclosures.

Cards 60

Cards Marketing Report Innovation 60

PYMNTS

JANUARY 10, 2017

Those who are unbanked pay to cash their checks, to get money orders to pay their bills and to buy and use prepaid cards. SNAP online . The USDA is in the process of rolling out a pilot program that will allow SNAP program enrollees to buy groceries online. Things actually do cost more. . Is there any way out of that?

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Online Chicago New York Mississippi 100

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Secured credit cards. Online and mobile accounting servicing.

Cards 68

Cards Comparison Trends Policies 68

Fintech Labs Insights

NOVEMBER 10, 2023

Consumers have been banking online for 28 years. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 10 $15 37 GoBank 35 2013 LA 189,000 1.4

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

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

Bank Innovation

JUNE 14, 2018

RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […]. Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so.

social media 186

social media Data Payments Company 186

PYMNTS

FEBRUARY 22, 2019

As phishing and ransomware become known commodities in the world of digital security, the hackers and crackers just change up their methods. The method works when cybercriminals insert some malware on a retail website that basically acts as a card skimmer that siphons off consumer card data as it’s entered. Formjacking.

Cards 116

Cards Bitcoin Data Retail 116

PYMNTS

DECEMBER 3, 2018

In December of 2013, Target was breached. Hackers got off with some 41 million customer accounts, including payment card details. That breach cost then- CEO Gregg Steinhafel his job, and became the poster child for EMV and the need to lock down payment card security to protect against counterfeit fraud at the physical point of sale.

Fraud 192

Fraud Security Payments Cards 192

PYMNTS

JANUARY 6, 2017

A call center worker told Betsy Broder, who tracks international fraud at the FTC, that if a person seemed scared or fell for the scam, then they would direct them to purchase thousands of dollars in iTunes cards to prevent being thrown in jail. The victim would send the iTunes card codes to the scammers, which gave them access to the money.

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Video Fraud Security social media 133

PYMNTS

JULY 25, 2019

market on July 11, 2019, offering customers mobile-only checking accounts and accompanying debit cards as a first step. N26 was founded in 2013, launched in 2015 and now serves 3.5 That said, the differences in legacy and challenger banks’ fraud protection strategies are beginning to dissipate as more fraud happens online, Kopp stated.

Fraud 164

Fraud Marketing US Resources 164

Banking 2020

OCTOBER 9, 2015

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels. These incidents resulted in tens of millions of customers’ records ending up on online black markets, giving would-be fraudsters ample material to commit CNP fraud.

Fraud 40

Fraud Cards Security System 40

PYMNTS

SEPTEMBER 18, 2018

“The site offered visitors the choice to customize their documents and to edit real bank statements, touting its ‘Custom Fake Pay Stub’ and ‘Fake Pay Stubs Online, Quick, Easy, Accurate Pay Stubs,” the agency said. Its operator, Steven Simmons, had a website called “NoveltyExcuses.com website from 2013 until October 2017, where for $19.95

Taxes 134

Taxes Fraud Operations Security 134

PYMNTS

JUNE 7, 2019

Allied Wallet , an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped facilitate fraud and launder money, according to a report by the Financial Times. The relationship between the two entities lasted from 2013 to 2018. financial system.”.

Fraud 108

Fraud Regulation Report Company 108

Javelin Strategy & Research

MAY 13, 2014

The clamor for improved security has created a groundswell of support among stakeholders for the EMV transition in the U.S. Based on previous experiences overseas, it is expected that EMV will eliminate counterfeit card fraud, while removing the incentive for criminals to compromise card data from POS merchants.

Fraud 56

Fraud Cards Marketing Data 56

PYMNTS

AUGUST 1, 2018

companies, in which they stole customer payment card data and other information, causing tens of millions of dollars in losses, according to the filing. Europol contended that the group has been operating since 2013 and has members in 40 countries around the globe. Hladyr is already in U.S. Asia and Europe.

Groups 101

Groups United States ATM Fraud 101

PYMNTS

NOVEMBER 6, 2019

Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm , a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. What is Affirm?

Fraud 100

Fraud System Cards Data 100

PYMNTS

JUNE 27, 2019

Founded in 2013, Nubank currently claims 8.5 million customers and is the largest online bank outside of Asia. Meanwhile, while Brazilians aren’t widely banked, they have reliable phone services in one of the world’s fastest growing markets for mobile, and Nubank ’s no-fee credit cards can be used with just a smartphone.

blockchain 147

blockchain Payments Regional America 147

PYMNTS

DECEMBER 16, 2016

By boosting the Fed funds rate for the first time in a year, all sorts of attendant interest rates are going to be on the upswing, from mortgage rates to auto loans to — well — vanilla, standard loans and credit card rates. The same survey found that among Amazon shoppers, 95 percent describe the online retailer as “trustworthy.”

Data 100

Data Security Cyber Security Retail 100

Banking 2020

NOVEMBER 12, 2015

Finnish firm Uniqul launched biometric authentication technology in 2013, which used mathematical models of people’s faces to confirm users. Now it seems we’ve reached a key tipping point for facial recognition, as global card giant MasterCard throws its resources behind its own version that it’s calling ‘Selfie Pay’. More secure?

Technology 40

Technology Payments ATM System 40

Banking 2020

DECEMBER 8, 2015

In particular it seems that online purchases are a big target for fraudsters as the country’s e-commerce market booms. Fraud prevention is considered a key issue by Mexican consumers who will increasingly look for sophisticated protection for their online purchases,” the authors write. Fraud rises. Of the MXN 5.16 Action demanded.

Fraud 40

Fraud Cards Online Strategy 40

ZootBlog

NOVEMBER 23, 2015

There are more types of financial fraud to manage than ever before—debit and credit card, check, online banking, electronic, ACH—the list goes on. Multi-faceted fraudsters obtain PIN numbers through phishing or ATM skimming and use stolen data such as social security numbers, passwords, and email addresses to implement their schemes.

Fraud 60

Fraud Security ATM Online 60

PYMNTS

MAY 2, 2017

This marks the first time Facebook has integrated a physical hardware product into its online platform. billion in attempted wire fraud between October 2013 and May 2016. The incident indicates the urgency for major companies to shore up security across all aspects of their operations.

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social media Google Fraud Video 108

CB Insights

OCTOBER 31, 2019

And before proposing its cryptocurrency project, Project Libra , Facebook secured several patents related to digital currencies. This recently granted patent (which was originally filed in 2013) takes a slightly new tact for the social network giant. HOW THE PATENT WORKS. and make budget recommendations.

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Management New York Tools Apple 68

PYMNTS

OCTOBER 19, 2016

Pier 1 has seen earnings dive by 45 percent between fiscal years 2013 and 2014, although there was a small increase in the retailer’s revenues. Joe Hartsig, Walgreens’ senior VP of merchandising, explained that goods not typically found in stores can be ordered online and shipped to a consumer’s local store. percent and down 8.4

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New York City Retail Mobile Company 100

Fintech Labs Insights

NOVEMBER 23, 2020

Just out of stealth, Seattle-based fintech startup Secure Save is on the winning side of all these trends. That’s what Secure is launching. That withholding, along with any employee match, are added to the secure account each pay period. Full disclosure : I’m considering making a small angel investment in Secure.

Security 15

Security Fintech Seattle Taxes 15

PYMNTS

FEBRUARY 7, 2020

Patreon launched in 2013 to fulfill this need, enabling “patrons” to pledge recurring monthly amounts of their choosing to support their favorite artists, many of whom promise additional content for those who donate above a certain threshold. percent service fees plus an additional $0.35 per pledge.

San Francisco 141

San Francisco Video Taxes Software 141

NCR

DECEMBER 8, 2016

The arrival of chip and PIN cards was one of the biggest changes to consumer payments in a generation. Card spend up. New figures from the UK Cards Association show that the last ten years have seen a massive rise in consumers using electronic payments. But was EMV the cause of this rise in card spending?

Fraud 40

Fraud Cards Payments Industry 40

NCR

APRIL 12, 2016

The arrival of chip and PIN cards was one of the biggest changes to consumer payments in a generation. Card spend up. New figures from the UK Cards Association show that the last ten years have seen a massive rise in consumers using electronic payments. But was EMV the cause of this rise in card spending?

Fraud 40

Fraud Cards Payments Industry 40

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. Counterfeit card fraud to drop. In the UK, losses from domestic counterfeit card fraud fell straight away. Fraud from counterfeit cards in the UK declined 56 per cent from 2005 to 2013.

US 40

US Marketing Fraud Cards 40

Fintech Labs Insights

AUGUST 3, 2016

The company announced today that it is transitioning away from its origins as a payment card system in order to embrace real-time, P2P mobile payments. ” Specifically, the company is abandoning its white-label, bank-oriented debit card strategy in favor of “instant P2P transfers utilizing mobile phones and online systems.”

Mobile 12

Mobile Cards Payments California 12

NCR

APRIL 21, 2016

When small and medium-sized businesses (SMBs) are setting up payment options for their customers, these days they have many more options than cash, checks or a debit or credit card. However, many people will feel much more secure knowing their details are held by a familiar household name. The rise of Amazon Payments.

Payments 40

Payments Online Cards Maine 40

Fintech Labs Insights

FEBRUARY 22, 2022

SMB Challengers: Rho Delivers Integrated Bank, Card & Payments Experience. Related Stories Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022 The Fintech Unicorns of the 21st Century (Dec 2021) SMB Challengers: Rho Delivers Integrated Card, Payments & Checking Experience. Fireblocks.

Fintech 15

Fintech Bitcoin blockchain Lending 15

PYMNTS

MAY 4, 2018

Money is then escrowed from the seller’s account and held securely by AirTM until the customer transfers the money from his bank account to the seller. or Spain, online shopping, cryptocurrency buying and speculating, and peer-to-peer (P2P) transfers. However, in 2013, the use case wasn’t quite there yet. The Alternative.

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Bitcoin cryptocurrency blockchain National 110

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.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

AUGUST 11, 2017

According to a report by the country’s 12 regional Federal Reserve banks, over half of all startups report difficulty in securing loans, and 81 percent report having had to dip into their personal funds to cover gaps in their corporate cash flow. We completed an online application, and our loan was approved immediately.”.

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Lending Capital Video Online 117