PYMNTS

AUGUST 22, 2018

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud. reached $5.1

Fraud 101

Fraud social media Knowledge Base Cards 101

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

JULY 28, 2019

The project will battle online abuses and misuses on the platform such as disinformation and election interference, Reuters reported on Friday (July 26). The ability to do academic research on what’s happening online has never been worse,” Stamos told the Guardian. .

social media 109

social media Security Policies Google 109

PYMNTS

SEPTEMBER 18, 2018

Facebook may be under fire for how it handles the data on its more than two billion monthly active users, but the social media company has been trying to get its hands on financial information from the financial services firms for years, reported The Wall Street Journal.

social media 176

social media Data Conference Report 176

PYMNTS

MAY 16, 2019

Members of the group located in Bulgaria and Ukraine then took control of victims’ online bank accounts and stole money out of their accounts. Reuters reported that 10 of the network’s members have been charged with conspiracy to steal online banking credentials. The scam started in 2016 with an attack in Ukraine.

Georgia 116

Georgia social media Groups Conference 116

PYMNTS

SEPTEMBER 30, 2019

Study: More People Fall Prey To Fraudsters Online Than By Phone. A new study shows that social media and online marketplace scams are much more successful than phone scams. Since 2016. Marcus, a consumer bank launched in 2016 and run by Goldman Sachs, has lost a total of $1.3 Goldman’s Marcus Has Lost $1.3B

social media 100

social media Apple Study Payments 100

NCR

MAY 19, 2017

A new report has emphasized the need for banks to redouble their efforts when it comes to fighting fraud, after it found the number of account takeovers in the UK saw a major rise over the last 12 months. The post Survey shows account takeover fraud on the rise appeared first on Banking.com.

Survey 45

Survey Fraud social media Study 45

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. That’s because the indictments allege malfeasance that spans online transactions, banking and the ever-present specter of identity theft. social media.

Fraud 120

Fraud Data social media Security 120

PYMNTS

MAY 2, 2017

Facebook (FB) shares have hit record highs amid investor optimism on the social media giant’s upcoming Q1 earnings report. 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.

social media 108

social media Google Fraud Video 108

PYMNTS

FEBRUARY 10, 2017

With more people shopping online and sharing their lives on social media, identity theft is at an all-time high. In a press release , Symantec said that more than one-third of Americans and more than 650 million people globally were victims of cybercrime in 2016 alone, making digital safety a top concern for consumers.

social media 100

social media Taxes Security Fraud 100

FICO

AUGUST 6, 2018

Identity fraud is a significant risk to your business; expense, customer satisfaction and brand reputation are all at risk. The financial impact is significant: Consumers lost more than $16B to identity theft (application and account take-over) in 2016, and annual first-party fraud losses, including synthetic ID fraud, for U.S.

Fraud 49

Fraud Data ATM social media 49

PYMNTS

SEPTEMBER 13, 2017

million for a bevy of crimes, including engaging in fraud fundraising, illegally possessing a gun and smuggling precious metals. Meanwhile, Zhang Min, Yucheng’s president, and 24 others were sentenced for three to 15 years, noted Reuters, citing an article on the Beijing Courts social media account. The court also fined him $15.29

social media 100

social media Fraud Groups Lending 100

PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

Security 129

Security blockchain San Francisco United States 129

PYMNTS

DECEMBER 20, 2018

From using instant messaging to getting directions and shopping online, consumers are constantly generating a trail of data about their preferences and whereabouts. However, while all that happens in the background, consumers are growing increasingly wary of how their data is collected and stored. Around The PSD2 World.

San Francisco 187

San Francisco Regulation social media Data 187

PYMNTS

MARCH 28, 2018

billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.” Researchers estimate U.S.

Security 110

Security Strategy Fraud Customer Experience 110

PYMNTS

JUNE 20, 2017

FindFace started as a futuristic social technology for identifying strangers by scanning their faces with a smartphone camera. Two years later, the facial recognition technology is the best in the world (yep, even better than Google’s) and is being used for public safety, law enforcement and fraud prevention through cybersecurity.

Technology 173

Technology Retail social media Fraud 173

William Mills

MAY 10, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. Qumrum allows banks to actually document customer interactions online. Empyr helps to connect online and offline businesses.

San Jose 40

San Jose Customer Experience Mobile social media 40

CB Insights

JANUARY 9, 2018

The emergence of “fake news” — false stories that gain traction across the internet and social media — has become a major story since the 2016 elections. Latest Round: Series C | $21M | August 2016. This spread of misinformation, amplified by high engagement, has impacted individuals and brands alike. PERIMETERX.

social media 61

social media Trends Branding Online 61

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. Working for the past 6 years with many banks to design their online experience.

social media 40

social media ATM Mobile Customer Experience 40

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Do no go online and get another online loan. Under the scenario the consumer can transfer much-needed cash as well get cash (that was earned, not paid yet) so no payday or online lending debt is added. Maria Gurina (Bus.

Video 40

Video Lending social media Analytics 40

PYMNTS

JANUARY 31, 2019

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. The con man pleaded guilty to misrepresenting his company in 2016, then later withdrew his plea and disappeared while on pre-trial release. attorney Ryan Raybould.

Tennessee 108

Tennessee social media Fraud Guidelines 108

PYMNTS

APRIL 11, 2017

In an age where credentials are lifted and bartered and sold like the currencies hackers target themselves, the concept of anti-fraud efforts revolves around a simple idea: to make sure that the person being done business with is who they say they are in the first place. You can get a lot of things accomplished in life online.

Data 101

Data social media Fraud Online 101

PYMNTS

MAY 6, 2019

That is a 171 percent increase from Ghost’s 2016 analysis. billion per year to fake online sales. But, the report noted, social media – with its reliance on navigation tools like hashtags – provides an easier environment for counterfeiters to hide openly. Global counterfeiting is a big business, worth about $1.2

social media 123

social media Branding Survey Report 123

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. Chip card reader for when customers are shopping online to improve security. Integrate with any online merchant site. Customers can store all of their online profiles in one secure location to improve user experience. ^KT.

Video 40

Video Mobile social media Analytics 40

William Mills

SEPTEMBER 7, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. 09:47 am Finovate Fall 2016 Day 1 Recap. End of Day 1, check back later today for our video recap of Finovate Fall 2016! They are introducing CrossCore – First smart plug in play fraud and identity platform. Check back for new updates throughout the day.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

FEBRUARY 21, 2018

We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like…. The data that belongs to you, except when it doesn’t. Oh, and they used pilfered data to do so.

Compliance 101

Compliance social media System Online 101

PYMNTS

AUGUST 3, 2016

With online fraud’s rapid growth into a shady multibillion-dollar annual business, preventing it is becoming increasingly critical for all merchants and consumers. One area where fraud is being fought is within the gaping loopholes in identity authentication. The core issue. Identity and its many faces. It’s a funny thing.

blockchain 100

blockchain social media Fraud Security 100

NCR

DECEMBER 18, 2015

A pilot phase for the Identity Verification Service will start in mid-November 2015 and run until February 2016, with payment service providers (PSPs) invited to take part. MyBank lets customers make online payments directly through their bank account, which means they do not send payment details or personal data to any third parties.

Data 40

Data social media Online Security 40

Fintech Labs Insights

APRIL 13, 2016

” Seattle-based Avalara has spent the first quarter of 2016 lining up partners. Meanwhile, Finovate alum Signifyd said that the fraud prevention app it released on Monday will be the “first and only fraud prevention app” available via Magento’s platform.

Taxes 12

Taxes Fraud San Jose San Francisco 12

CB Insights

JUNE 5, 2019

Biometric technology such as facial recognition can quickly and accurately identify individual people and their emotional state, making it a powerful tool for ensuring security and preventing fraud. Amazon filed a patent for a similar payment method in 2016. The company is hoping this technology will be showroom-ready by 2020.

Technology 78

Technology US Company Security 78

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. With lower costs and a bigger market to sell to, a new crop of online pet supplies retailers eventually emerged. Table of Contents.

Report 78

Report San Francisco Capital New York 78

CB Insights

AUGUST 1, 2017

These deals flattened between 2015 and 2016, while China investment deals in 2017 could see a year-over-year drop of 38% at the current investment rate. But between 2015 and 2016, Chinese investors backed companies in twice as many states plus Washington DC. . Which Technologies Chinese Investors are backing in the US.

US 32

US DC Washington Capital 32

CB Insights

APRIL 10, 2019

Facial recognition, for example, could capture what a shopper is looking at, and enable retailers to later serve up related promotions to the shopper via email or online ads. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps. Social Media/Entertainment.

Industry 78

Industry Examples Security Technology 78

Gonzobanker

DECEMBER 22, 2015

No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond). Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. New Bank Positions That Will Be Busy in 2016. Freudian Slip Award.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

JULY 21, 2016

Fintech deals by size from 18 June to 24 June, 2016: Circle. Online identity & payment services. Social stock trading platform. Tags: Institutions, B2B2C, social media, security, compliance, Santander (investor), Finovate alum. Total dollars raised YTD is now $17.1 Global money-movement & storage platform.

New York City 12

New York City Fintech Company San Francisco 12

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. — Ben Kaufman, founder, Quirky.

Apple 78

Apple Branding Google Company 78

William Mills

MAY 9, 2018

Fiserv is highly regarded for its leadership and innovation, and award-winning solutions for mobile and online banking, payments, risk management, data analytics and core account processing. Info: Covered Security acts as a personal security assistant looking out for your online life. Founded: January 2016. Founded: May 2016.

Security 40

Security Samsung Strategy San Jose 40