PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged.

Mobile 109

Mobile Payments eBook User Experience 109

PYMNTS

DECEMBER 27, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Emergence Of The Global Citizen. 2016 saw more people transacting across borders in larger sums than ever before.

Payments 113

Payments eBook Regional Study 113

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Global Fraud Attacks. Online Fraud Attack Rates Soar Since October.

Trends 100

Trends Retail Fraud Mobile 100

PYMNTS

OCTOBER 6, 2020

Nium got its start in global remittances , a space that has grown quickly despite the risk of fraud, especially as senders and receivers of money avoid brick-and-mortar locations due to COVID-19. The new risks and heavier use of remittance systems have also led to rapid changes in regulations.

Fintech 174

Fintech Regional Fraud Meeting 174

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

Lending 198

Lending Regulation Regional Data 198

Abrigo

FEBRUARY 3, 2020

Indeed, for many banks, over 40 percent of IT spending goes toward such expenses as data centers, servers, and networking equipment, according to a 2016 estimate by PwC’s financial services advisory group. . Dollars for innovation tied up in IT infrastructure. Fraud Prevention. Fraud Prevention. Credit Risk Regulation.

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Resources Security Customer Experience Fraud 150

PYMNTS

DECEMBER 29, 2016

In a recent interview with PYMNTS, Mike Galarza, founder and CEO of AP automation firm Entryless, touted 2016 as the year that corporates stopped relying on banks. “As Traditional banks have continued their sloth-like pace in FinTech adoption, added Galarza, which has led corporates to seek innovative services from non-bank players. “In

Security 181

Security Fintech Boston Fraud 181

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Ubin was first announced in 2016 with the central bank launching a partnership with blockchain company R3. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

DECEMBER 14, 2016

In a press release, Socure said it will use the capital to scale operations, accommodating the 300 percent growth it has seen in 2016. Socure said the funds will enable the company to more quickly innovate its digital identity verification platform. Socure, a digital identity verification technology company, announced Tuesday (Dec.

Fraud 100

Fraud Compliance Capital Leadership 100

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. That’s an increase of 3.3

Fraud 101

Fraud Innovation Technology Mobile 101

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. That’s an increase of 3.3

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

Taxes 102

Taxes Fraud Compliance Regulation 102

PYMNTS

MARCH 18, 2019

The increase has the effect of stifling a global economy driven by innovation and new ideas. The value of fake and counterfeit products went from $461 billion in 2013 to $509 billion in 2016. Illicit trade in fake goods is a major challenge in an innovation-driven global economy. That’s an increase of 3.3 percent, up from 2.5

Report 124

Report Innovation Study Security 124

NCR

NOVEMBER 21, 2016

It’s a regulatory shift that has been described as “ one of the biggest changes that the banking sector has ever faced “ The updated rules will have repercussions including more openness to new players in the payments market, as well as some significant implications in terms of fraud. ” The fraud implications. .

Fraud 40

Fraud Compliance Payments Exercises 40

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. Like other FinCEN advisories, they contain common typologies, red flags to look for, and guidance on complying with FinCEN regulations to address those threats and vulnerabilities.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

SEPTEMBER 26, 2018

In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information. Uber is accused of exposing the data of 57 million users and paying hackers to hide the breach instead of reporting it to law enforcement and regulators.

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Synthetic identity fraud – where identities are stitched together from disparate pieces of information, often from a mosaic of individuals – is a burgeoning field. Regulation as Saving Grace? Think again.

Security 109

Security Data Fraud Regulation 109

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.

Strategy 180

Strategy Security Technology Data 180

PYMNTS

OCTOBER 20, 2016

To attend this live digital discussion on Wednesday, November 2, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. Get individual and industry perspectives on: – Payment authentication, its importance to fraud prevention and to ecommerce security. 3D Secure 2.0 ’s

Security 100

Security CA Cards Strategy 100

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. The build-back from the revelations of 2016 was a bit more of a lengthy process. The SEC Finding. The Rundown on the Run-up to the Decisions.

Lending 135

Lending Fraud Management San Francisco 135

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I believe SEC regulations require a company to go public if they have more than 500 shareholders. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Auto-financing is ripe for innovation.

social media 40

social media ATM Mobile Customer Experience 40

FICO

JULY 14, 2016

We're looking for success stories for the 2016 FICO Decisions Awards. These awards honor our clients' strategic wins, use of best practices and innovative deployments of technology. research director, Compliance, Fraud and Risk Analytics, IDC – Financial Insights. Dr. Dalvinder Singh, editor, Financial Regulation International.

Analytics 40

Analytics Conference Compliance Fraud 40

PYMNTS

JANUARY 17, 2020

Wells Fargo is aiming to refresh its approach to technology to ensure systems stay online, block cybercriminals and satisfy regulators. How AI Helps Marketplaces Fight Off-Platform Fraud . New Tech Combines To Make Grocery Shopping More Innovative. Wells’ Growth Reportedly Hampered By Old Systems, Tech Failures.

Fintech 100

Fintech New York City New York Mobile 100

PYMNTS

MARCH 13, 2017

It’s no surprise that as credit cards have increased in security, the payment hustlers have been hard at work finding other payment method avenues to fraud. APMs are extremely vulnerable because of their tendency to unwittingly enable crime and fraud. trillion, a 32 percent increase over what was reported in 2016.

Payments 148

Payments Fraud Cards Operations 148

PYMNTS

APRIL 2, 2019

The FCA said it saw evidence that Innovative Finance ISAs, which are used to shelter peer-to-peer loans from capital gains and income tax, were marketed along with cash ISAs even though they don’t give the same level of protection to consumers. They were released pending further investigations.

Capital 108

Capital Taxes Fraud Marketing 108

PYMNTS

APRIL 5, 2016

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.

Boston 100

Boston Fintech Innovation Conference 100

PYMNTS

JANUARY 30, 2018

Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily. One way to get consumer confidence is that someone has to look after the issue of fraud,” he told the publication. “At

blockchain 144

blockchain Security Software Tools 144

BankUnderground

JUNE 25, 2020

Broadly, the Bank of England receives two main types of quantitative data from regulated firms. Second, and separately, regulators also have access to more granular data on specific types of financial agreements and transactions. A McKinsey report in 2016 estimated that the flow of data across borders contributed $2.8

Data 110

Data Big Data Regulation Risk Management 110

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.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

DECEMBER 3, 2016

“If we don’t continue to evolve our network into something that adds value to the experience that an innovator or any third party wants to deliver to an issuer, a merchant or a consumer, then of course they’ll find something else that will.”. Have you fired any senior management, the people who actually oversaw this fraud?

Payments 100

Payments Los Angeles Lending Leadership 100

PYMNTS

FEBRUARY 28, 2018

That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more. Jewel Paymentech extended one of its existing products, One Sentry Marketplace, in 2016 to help address these issues.

blockchain 100

blockchain System cryptocurrency Regional 100

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. NAL Policy.

Policies 60

Policies Compliance Regulation South Carolina 60

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. Here’s a very brief overview of what we’ll cover: Stress testing is a key area of emphasis for regulators around the globe.

Compliance 40

Compliance DC Washington Regulation 40

Banking 2020

NOVEMBER 8, 2015

Open APIs are a key part of wider transformation in the banking industry and will become much more common as regulation forces banks to open up their systems. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016. ” Progress?

Cyber Security 40

Cyber Security Payments Security Regulation 40

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

CB Insights

FEBRUARY 13, 2020

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. A decade of online payments innovation. TABLE OF CONTENTS. PayPal and Square emerge as leaders in the payments space. Virtual card issuance.

Online 98

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. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco.

Fraud 78

Fraud Las Vegas Company Video 78