PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. billion worth of purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. companies, reports said.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

JANUARY 9, 2020

as there is in the rest of the world,” said Stephanie Martz, senior vice president and general counsel of the National Retail Federation (NRF) , the world’s largest retail trade association. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JULY 17, 2020

Security investigators discovered cybercriminals committed alleged cryptocurrency fraud Wednesday (July 15) after hackers seized control of the Twitter accounts of political figures, executives and celebrities.

San Francisco 177

San Francisco social media cryptocurrency Bitcoin 177

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

APRIL 15, 2020

and United Nations sanctions, the agencies wrote in the alert. . “It has also blamed North Korea for the 2014 Sony Pictures breach , the 2016 Bangladesh Bank cyberheist , the 2017 WannaCry attack and the 2016 FASTCash campaign aimed at ATMs.

US 142

US United States ATM Analysis 142

Abrigo

JULY 17, 2019

Cybercrime is on the rise within financial institutions and other businesses and continues to be at the forefront of the minds of those in the fraud prevention field. Although not all of the following types of fraud are fully internet-based, the IC3 statistics represent the cybercrime side of these crimes.

Fraud 150

Fraud Training Software System 150

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland. Robertson controlled.”.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. billion USD.

Security 110

Security Report National Millennials 110

PYMNTS

NOVEMBER 20, 2017

Late payments, coupled with other headaches like fraud and card chargebacks, mix for a messy start to the new year. economy, providing financial independence, encouraging innovation, and creating employment opportunities,” said WePay Chief Operating Officer Tina Hsiao in a statement.

Fraud 100

Fraud Survey Payments America 100

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. He and an accomplice operated from Nigeria, targeting the U.S., The scams netted an alleged $25 million from 2014 to 2016. “In

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

NOVEMBER 21, 2016

mobile network operator. The Telegraph noted Three said the National Crime Agency is looking into the hack and that three people were arrested. Meanwhile, Three said in a statement that, during the last four weeks, it has seen an increasing level of attempted handset fraud.

Data 100

Data National Fraud Course 100

PYMNTS

AUGUST 31, 2017

The assault was a distributed “denial of service” (DDoS) attack, which overwhelms a firm’s website so its services don’t operate properly. The same month, Barclays fought off their own cyberattack, according to the National Crime Agency. Our cybercrime officers have analyzed reams of data on the way. “Our

National 115

National Operations Groups System 115

BankBazaar

MAY 29, 2022

United Payments Interface, which comes under the purview of the National Payments Corporation of India (NPCI), has gained phenomenal traction in India post its launch in 2016. Additional Reading: 4 Ways To Avoid UPI Fraud. Here’s a simple step-by-step guide to withdraw money from the ATM using UPI. 21 per transaction.

ATM 88

ATM How To Metro Cards 88

PYMNTS

OCTOBER 1, 2018

According to research from the United Nations (UN), more than 40 million people worldwide were enslaved as of 2016, mostly through human trafficking rings, which earn criminals as much as $150 billion in profits. James Cockayne, director of the Centre for Policy Research at United Nations University.

Tools 187

Tools National System Data 187

PYMNTS

NOVEMBER 5, 2019

Digital identities are gaining popularity across industries as businesses, services and other operations increasingly move online. The latest entrant to the government-issued digital ID scene is France, which recently announced a new national identification program that leverages facial recognition biometrics to verify citizens’ identities.

Data 101

Data Fraud Security Trends 101

PYMNTS

SEPTEMBER 21, 2020

Reuters reported late last week that sugar and ethanol producer Tereos was fined $459,000 by the nation's Directorate General for Competition, Consumption and Fraud Prevention (DGCCRF) for delaying supplier payments. Yet in France, the government has just issued a fine against one company for late payments.

Payments 219

Payments Report Video Company 219

PYMNTS

FEBRUARY 19, 2018

News came Friday that Special Counsel Robert Mueller unsealed indictments against 13 Russian nationals and three Russian businesses, over alleged interference in the 2016 U.S. The operatives were said to have bought advertisements that ran on U.S. The financial impact of such fraud may be significant and quantifiable.

Fraud 120

Fraud Data social media Security 120

PYMNTS

JUNE 4, 2018

The combination of leaked National Security Agency (NSA) tools, plus state-sponsored capabilities, triggered a systemic event,” Mark Camillo, head of cyber for EMEA at AIG, said in a statement. researcher hadn’t quickly found and activated the kill switch.”. If users didn’t pay within that time frame, the ransom would double.

Data 109

Data National Bitcoin System 109

PYMNTS

FEBRUARY 26, 2018

Two dozen of the world’s largest mobile network operators (MNOs) have agreed to provide access to Mobile ID, a new verification by global identity verification service Trulioo. That data will be used to instantly verify those mobile device users around the globe with the aim of reducing fraud tied to account openings. billion loss.

Data 100

Data Samsung Payments Apple 100

PYMNTS

AUGUST 29, 2016

26) they seized around €1 million earlier in 2016 in connection with a operation that was being run on an online dark market. In a report by CoinDesk , a representative of Finland’s customs office said the online drug site was named Valhalla, which has been in operation since Oct.

Online 101

Online National Operations California 101

PYMNTS

FEBRUARY 19, 2019

A report by CrowdStrike, a cybersecurity company credited with naming Russia as the culprit in the 2016 hack of the U.S. Democratic National Committee, said attacks by China were up overall, but especially against U.S. decision to ban Huawei from installing 5G technology in the country, according to a report in Financial Times.

US 116

US National Report Company 116

PYMNTS

JULY 12, 2017

Time to join has also come down, with process to become a direct participant in the system coming in at seven months in 2016, versus 12 months to 18 months two years ago. It may come as no surprise that the PSR is also looking with renewed vigor into what banks should do combat fraud that targets money transfers via debit and credit cards.

Report 100

Report Regulation System Innovation 100

PYMNTS

JUNE 7, 2016

In May, hacktivist group Anonymous warned multiple financial institutions that it was going to take them down as part of Operation Icarus. OpIcarus (@Op_Icarus) June 3, 2016. I say that’s pretty decent.

Video 100

Video Groups National Operations 100

PYMNTS

APRIL 26, 2019

Hackers are still using classified exploits built by the National Security Agency two years after they were stolen, this time to mine for cryptocurrency. Nexon has stakes in both Korbit, South Korea’s older exchange, and Bitstamp, the European cryptocurrency exchange operators. Disney isn’t the only one interested in the stake.

Bitcoin 115

Bitcoin cryptocurrency blockchain Security 115

PYMNTS

JULY 1, 2019

Entities such as the National Payments Corporation of India — an umbrella organization for operating retail payments in India — have been helping to guide electronic payments adoption. However, more developed nations have been relatively constrained by legacy technologies and entrenched ways of conducting commerce.

Payments 130

Payments Mobile Security National 130

PYMNTS

FEBRUARY 21, 2018

Ubin was first announced in 2016 with the central bank launching a partnership with blockchain company R3. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 9, 2017

With tough sanctions by the United Nations effectively isolating North Korea from the world, the country’s embassies have been forced to engage in illicit businesses to shore up cash and support their operations. billion in trade in 2016. They are expected to bankroll themselves, with any surplus money going to the government.

New York 100

New York National Report Tools 100

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. Addresses compliance, fraud experience and customer experience analytics. We are launching a pilot for the 2016-17 Australian grains harvest.

social media 40

social media ATM Mobile Customer Experience 40

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. According to a press release by the FTC late last week, lots of the defendants in FTC v.

Company 100

Company National Operations Marketing 100

PYMNTS

MARCH 18, 2019

Approximately 2 percent to 5 percent of the world’s gross domestic product (GDP) – $800 billion to $2 trillion – is laundered each year, according to a report from the United Nations Office on Drugs and Crime (UNODC). FIs that fail to catch illicit activities miss opportunities to hamstring such operations and unwittingly help fund them.

Compliance 181

Compliance Regulation Chicago Tools 181

Fintech Labs Insights

JANUARY 4, 2017

Keystone Bank in Nigeria has turned to FinovateAsia alum NetGuardians in order to meet a new anti-fraud directive from the country’s central bank. Pictured (left to right): NetGuardian’s Mine Fornerod (Digital Marketing Manager) and Eric Margaryan (Asia Regional Director) demonstrating FraudGuardian at FinovateAsia 2016.

Fraud 20

Fraud Regional Big Data Meeting 20

PYMNTS

FEBRUARY 10, 2017

Dan Berger, president and CEO of the National Association of Federal Credit Unions, told Krebs. Wendy’s — the maker of America’s third best-known fast food burger — reported that despite initial reports of 300 restaurants being impacted by a probable data breach back in January 2016, the number was actually quite a bit bigger.

Data 100

Data Cards System National 100

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

FEBRUARY 13, 2018

A chief financial officer and his or her team can not only spend hours managing B2B payment operations, but employees can also introduce risk into every step along the way. It is quite clear that it’s time for the payables operation to take advantage of automation,” said Oren Zeev, founding partner of ?Zeev Early Payments.

Branding 103

Branding Payments Operations Resources 103

PYMNTS

OCTOBER 18, 2016

The No More Ransom initiative was launched on July 25, 2016, by Kaspersky Lab, the Dutch National Police, Europol and Intel Security, introducing a new level of cooperation between law enforcement and the private sector to fight ransomware together. The easier and faster it happens, the more effective the partnership becomes.

Tools 100

Tools Security Maine Analysis 100

PYMNTS

OCTOBER 14, 2016

PYMNTS recently spoke with Chip Hull, vice president of FedEx Cross Border , the eCommerce technology subsidiary of FedEx that has access to more than 220 countries and territories, about the logistical challenges involved with planning and operating during the busy holiday shopping season. Untapped X-Border Opportunities.

Operations 100

Operations Payments Retail Fraud 100

PYMNTS

JUNE 23, 2017

In the vein of ransomware attacks that crippled the National Health System earlier this year, the University College attack locked campus computer systems and threatened to install damaging software if users didn’t pay up. Systems were infected June 14, and normal operations did not resume until June 20.

San Antonio 163

San Antonio Policies Security System 163