PYMNTS

OCTOBER 17, 2019

According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. The increase has the effect of stifling a global economy driven by innovation and new ideas. percent in 2013.

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PYMNTS

OCTOBER 17, 2019

According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. The increase has the effect of stifling a global economy driven by innovation and new ideas. percent in 2013.

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

SEPTEMBER 9, 2019

The cybersecurity world is witnessing a potentially new, dangerous threat: according to insurance firm Euler Hermes, one of its corporates fell victim to cyber fraud after attackers used sophisticated artificial intelligence (AI) technology to impersonate the firm’s chief executive officer by mimicking his voice on the phone.

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PYMNTS

OCTOBER 10, 2018

Rarely does the wire transfer come into play as an exciting, innovative payment rail ready to disrupt cross-border B2B payments. The wire transfer, made popular by Western Union more than 150 years ago, may not seem to be the most innovative rail. Thieves attempted to steal $5.3 counterparts are not available.

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PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

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PYMNTS

DECEMBER 3, 2018

In December of 2013, Target was breached. 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. Yet consumer adoption and use of those innovations continues to grow.

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Abrigo

MAY 5, 2022

Using Data to Acquire, Engage, and Retain Banking Customers,” and “Customer Identity: Balancing Security and Seamless Banking Experiences.” Breaking Banks Breaking Banks , billed as the #1 global fintech podcast and radio show, began in 2013 and is hosted by media firm Provoke.fm. Fraud Prevention. keep me informed. Learn More.

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FICO

SEPTEMBER 21, 2016

Online banking electronic payments fraud is on the rise, as fraudsters explore security gaps in the emerging banking channels. For instance, data released by Financial Fraud Action UK , shows that UK online banking fraud losses increased by 38% in 2014 from 2013, and by 64% in 2015 from 2014.

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PYMNTS

JUNE 24, 2016

The new capital will be used to accelerate SecurityScorecard’s ongoing scale and foster innovation in its delivery of cybersecurity health ratings. Since launching in 2013, the company has actively tracked more than 100,000 companies and identified vulnerabilities using an outside-looking-in perspective.

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Abrigo

AUGUST 6, 2019

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

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Insights on Business

MARCH 18, 2019

Not just a limited scheme, between 2006 and 2013 it facilitated fake trade deals, reinsurance fraud, tax evasion, hidden investments, a fuel pricing fraud scheme at Sheremetyevo Airport—and much more. AML involves multiple types of fraud, tax evasion, illegal trades and other crimes. The recently revealed $8.8

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Taxes Compliance Fraud Maine 156

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. Creator-patron partnerships are crucial to Patreon’s continued success, but they rely on trust.

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PYMNTS

JANUARY 31, 2020

Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. FICO’s Take on Debit Security. Old forms of cybersecurity are not sufficient to keep pace with fraudsters’ increasingly innovative attacks. Kobe Bryant, who died on Sunday (Jan. The firm has more than $2 billion in assets.

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PYMNTS

DECEMBER 12, 2017

The Association for Financial Professionals (AFP) released its 2016 Electronic Payments Survey earlier this year and found that use of paper checks in B2B payments actually rose 1 percent compared to 2013 levels. Not only are these processes inefficient and costly, they’re also prone to dispute and fraud,” said Abbasi.

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Fintech Payments Analysis Survey 110

PYMNTS

APRIL 20, 2016

The report estimates that the overall value of global counterfeit goods at $461 billion in 2013. While China is the top provenance of fake goods, its most innovative companies also fall victim to counterfeiters. .” The hardest hit brands originate in the U.S.

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PYMNTS

NOVEMBER 15, 2017

In a statement, EY Global Innovation Leader, Blockchain Technology, Paul Brody, said, “blockchains are quickly becoming routine tools for business processing that companies can use to manage and take action from the huge amounts of data their systems collect and process.”. Scrutiny Heightens.

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PYMNTS

MAY 4, 2016

Zooz is an Israeli firm that helps merchants connect with multiple payment providers by allowing eCommerce companies to connect with a wide variety of payment providers, eWallets, banks and fraud management and other related services. The firm has confirmed it plans to use the new funding to enhance and expand its global growth efforts.

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NCR

DECEMBER 8, 2016

Perhaps the biggest shift has been in the fraud space. Mr Koch said: “Chip and PIN was introduced a decade ago to combat the rising levels of counterfeit and stolen card fraud in the UK. Counterfeit card fraud losses duly tumbled, down £81.9 million a year between 2004 and 2014.

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Fraud Cards Payments Industry 40

NCR

APRIL 12, 2016

Perhaps the biggest shift has been in the fraud space. Mr Koch said: “Chip and PIN was introduced a decade ago to combat the rising levels of counterfeit and stolen card fraud in the UK. Counterfeit card fraud losses duly tumbled, down £81.9 million a year between 2004 and 2014.

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Fraud Cards Payments Industry 40

Fintech Labs Insights

APRIL 27, 2016

Of the 15 first place prizes awarded this month in the 2016 Fintech Innovation Awards , five went to Finovate/FinDEVr alums. ” Innovation in Cyber Security / Anti-Fraud: Global Gateway by Trulioo – FinovateFall 2015. ” Innovation in Data Solutions: Nomis Solutions – FinovateSpring 2012.

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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. “So,

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Lending Fraud Management San Francisco 135

PYMNTS

MAY 9, 2019

The company, which was started in 2013, marketed itself as a “warm and fuzzy” photo app site that would help customers store photos and free up space on their phones. “They are taking images of people’s families, photos from a private photo app, and using it to build surveillance technology.

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PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Blockchain. Marketplace lending. Digital banks.

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CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. A decade of online payments innovation. Fraud prevention tools.

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Online Company Retail Payments 98

CB Insights

MAY 23, 2019

Few places are more receptive to new ideas and innovative business models than Silicon Valley. 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. want to know THE TOP 20 REASONS STARTUPS FAIL?

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Fintech Labs Insights

SEPTEMBER 21, 2016

EVRY launches cloud services with global capacity and secure data storage in Norway. Prosper Marketplace reports its 2016 portfolio is on pace for its highest estimated return since 2013. Oracle names SuiteBox among platform innovation winners. Around the web. IBM to provide new real-time payments systems for The Clearing House.

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Analytics Fraud System Capital 12

CFPB Monitor

SEPTEMBER 12, 2019

In addition, the CFPB has announced the creation of the American Financial Innovation Network (ACFIN) to facilitate coordination between the CFPB, other federal regulators, and state regulators and the CFPB’s issuance of the first NAL under the revised NAL Policy. TDP Policy. First NAL under new policy.

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PYMNTS

JUNE 30, 2016

PYMNTS: Speaking specifically of the payments and commerce space, what in your opinion is the most impactful innovation in that realm in the last five years? The application was introduced in 2009, and in 2013 it reportedly handled 90 percent of the volume of mobile payments made in the U.S.

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Gonzobanker

NOVEMBER 9, 2015

Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies. Lots of talk about innovation and customer experience.

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Fintech Labs Insights

OCTOBER 21, 2015

Leading European mPOS (mobile Point of Sale) innovator, SumUp is launching in the United States. merchants and partners such as cash register vendors to transition quickly and securely to EMV, by making payments as easy as possible for their customers,” Klein said. “We are here to help U.S. As part of its U.S.

America 12

America Technology United States Cards 12

Fintech Labs Insights

JUNE 22, 2015

E-commerce anti-fraud platform, Signifyd has raised $7 million in Series A financing from a squad of all-star investors including Allegis Capital, IA Ventures, Lucas Venture Group, QED Investors, and Tekton Venture, Finovate confirmed today. Signify believes this is unique among anti-fraud solutions.

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Fintech Labs Insights

OCTOBER 28, 2016

Courtesy of its billion-dollar acquisition of security innovator Trusteer in 2013, IBM will add behavioral biometric analysis to its digital banking fraud prevention solution, IBM Security Trusteer Pinpoint Detect , the company announced on Thursday.

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Security New York Strategy Analysis 12

Fintech Labs Insights

JULY 28, 2016

Adam Back, Blockstream president, called GreenAddress a company with a “demonstrated track record of delivering an industry-leading product that prioritizes security, privacy, and convenience.” ” He said the acquisition was key to Blockstream’s goal of building out its sidechain technology roadmap.

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Bitcoin San Francisco blockchain Security 12

Fintech Labs Insights

OCTOBER 26, 2015

Clover Mobile won “Best Payment Technological Innovation” for its Future-Proof mPOS. Ethoca – Best Security/Anti-Fraud Programme – Ethoca Alerts – FinovateFall 2015. Kalixa – KiTTi – Emerging Payments Innovation of the Year – FinovateEurope 2013.

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San Francisco Payments Conference Mobile 12

Fintech Labs Insights

AUGUST 7, 2015

Chicago-based Rippleshot builds security and anti-fraud solutions. The company was founded in June 2013 and last demoed for Finovate as part of FinovateFall 2014 in New York. Continuum Security. DRAFT was founded in October 2014 and is headquartered in Austin, Texas. USA & Rest of the World category. ClearServe.

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Fintech Labs Insights

SEPTEMBER 19, 2016

With the launch of its new, end-to-end biometric authentication solution – VeridiumID – the security innovator that demoed its technology at FinovateFall 2014 as Hoyos Labs is now Veridium. “We’re making biometric authentication a solution of today, not tomorrow,” he said.

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Fintech Labs Insights

SEPTEMBER 19, 2016

Ripple will use the funding, which takes the company’s total capital to more than $93 million , to grow its customer base and its team, as well as help secure strategic partnerships. Founded in 2012 and headquartered in San Francisco, California, Ripple demonstrated its technology as OpenCoin at FinovateSpring 2013.

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