PYMNTS

OCTOBER 1, 2018

in a settlement with the Financial Conduct Authority (FCA) due to a cyberattack at the lender in 2016. We are very sorry for the impact that this fraud attack had on our customers. I apologize to our customers for the inconvenience caused in 2016.”. Tesco Bank agreed on Monday (Oct. 1) to pay £16.4m ”

Fraud 134

Fraud Security Resources Operations 134

PYMNTS

NOVEMBER 28, 2018

Google, the FBI and White Ops, along with a handful of cybersecurity companies, recently collaborated to shut down a digital ad fraud scam that used 1.7 According to the report, 3ve (pronounced “Eve”), which is what the group called its online ad fraud campaign, was active since 2014 but could have been around for longer.

Google 128

Google Fraud Online Operations 128

PYMNTS

MARCH 8, 2019

United States prosecutors are bringing criminal charges against the leaders of OneCoin, a cryptocurrency, alleging they were operating a pyramid scheme worth in the multi-billions, when selling the currency. Ignatov is from Bulgaria and was charged with wire fraud conspiracy. The scheme amounts to fraud, prosecutors say.

Fraud 123

Fraud Las Vegas cryptocurrency United States 123

PYMNTS

MAY 8, 2019

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. Fraud Allegations. days to pay their suppliers in 2017, an increase from 2016.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. Fraud during the pandemic has been especially prolific because of the chaos created so quickly early on.

Fraud 192

Fraud Operations Analysis Study 192

PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. Airmax Remote’s technology delivers complete accuracy and definitive reporting to identify fuel savings for fleet operators.”. “We Fraud could be causing more than 5 percent in fuel savings for businesses, researchers noted.

Fraud 100

Fraud Cards Survey Management 100

PYMNTS

MAY 10, 2019

Following a claim of fraud by a short seller, shares in eCommerce firm Jumia fell by almost 25 percent by midday New York time on Friday (May 10) and traded at $20.30 Jumia became the first African unicorn startup in 2016 after a $326 million funding round that included AXA, MTN and Goldman Sachs. EST, according to Yahoo!

Fraud 124

Fraud New York Report Security 124

PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. The presentation appeared to claim that Huawei operated in Iran in compliance with the sanctions. Meng’s presentation was an act of fraud. In 2016, U.S. On Friday (Dec. Officials claim that Ms.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

SEPTEMBER 3, 2019

Banks may process $1 million worth of credit card fraud requests in a day, but ad fraud detectors can face up to 20,000 requests every second. Ad fraud is growing even worse due to the rise of real-time bidding (RTB), an advertising model in which advertisers automatically bid on ad placements as web pages are loaded.

Fraud 123

Fraud San Francisco social media Tools 123

PYMNTS

AUGUST 3, 2016

The company released its Fraud Barometer this week and said Brexit generated a “perfect ecosystem” for fraud, thanks to economic and market uncertainties. But less dramatic instances of fraud could occur as businesses are looking to remain strong as the U.K. The average value of each fraud case increased to $3.26

Fraud 100

Fraud Report Marketing Operations 100

PYMNTS

APRIL 26, 2017

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. As machine learning has evolved over the years, so has the level and type of fraud.

Fraud 121

Fraud San Francisco Retail Branding 121

PYMNTS

JUNE 22, 2017

There’s another way, though, in which the fear of fraud bears down on the enterprise. A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. to understand how payments fraud is limiting corporates’ path to success. percent increase from 2016.

Fraud 108

Fraud Innovation Survey eBook 108

PYMNTS

DECEMBER 6, 2020

GUUD has significant operations across Asia, and GUUD executives have publicly announced plans to expand in the region. GUUD’s solutions will be bolstered by MonetaGo’s Secure Financing platform, which prevents double financing and other types of trade fraud,” the announcement of the new arrangement states.

Security 205

Security Fraud Regional blockchain 205

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. “We In the first eight months of 2016, there were 8,802 cases involving 26.4 billion yen ($252 million).

ATM 100

ATM Fraud Mobile Regional 100

PYMNTS

OCTOBER 4, 2019

Since 2016. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Goldman’s Marcus Has Lost $1.3B Trackers and Reports .

Fraud 108

Fraud Google Apple Chicago 108

PYMNTS

SEPTEMBER 30, 2016

To attend this live digital discussion on Thursday, October 13, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. The collaborative study with Forter measures the rate of fraud attempts made on U.S. Some of the other highlights from the study include: – Fraud attacks in the U.S.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

MARCH 13, 2017

Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. We compare the email address to a digital passport, because it’s the true global identifier used by merchants, cloud services and even operating systems.”.

Fraud 101

Fraud Las Vegas Cards Trends 101

PYMNTS

FEBRUARY 27, 2018

trillion in 2016, but companies aren’t always able to see where their dollars are going. The latest report from eNett International , “ It Pays To Know: Fraud In Travel Payments ,” warns that payments fraud is plaguing the global travel space, though, in this case, the issue is imbedded deep within the travel supply chain itself.

Fraud 104

Fraud Marketing Payments Analysis 104

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. What’s great about virtual conferences is that you can register , today, to attend.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59

PYMNTS

DECEMBER 28, 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 Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

Payments 128

Payments eBook Fintech Regulation 128

PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

AUGUST 15, 2016

Electronic or ePayments are simple, fast, convenient and (mostly) safe, but it’s 2016 and forms of ePayment are still not the dominant or most accepted form of payment for consumers. If these documents are lost or tampered with, you no longer have access to the data necessary to effectively operate your business.”.

Survey 100

Survey Fraud Payments Data 100

PYMNTS

NOVEMBER 18, 2016

Omnichannel commerce technology and operations provider Radial released the results of its Annual Holiday Fraud Index today (Nov. 18), which revealed the ongoing risk retailers face of coordinated and sustained fraud losses. Bottom line for most retailers if you are managing fraud yourself, you are going to get wrecked.”.

Fraud 100

Fraud Retail Cards Data 100

CFPB Monitor

FEBRUARY 13, 2017

However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Report on fraud in African American and Latino communities.

Report 68

Report Big Data Lending Survey 68

PYMNTS

NOVEMBER 16, 2016

Unless it’s fraud you are talking about. household held five mobile devices, while, at the start of 2016, that number has increased to about 13. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of this year.

Fraud 100

Fraud Retail Online Data 100

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

JANUARY 24, 2021

Software such as Cygnet Infotech’s FACE is becoming increasingly important as governments require electronic invoicing, sometimes called elnvoicing, to combat tax fraud. Hutheesing told PYMNTS in August: “It is without doubt that this would help fraud mitigation and achieve higher secured environment.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

FEBRUARY 9, 2017

According to news reports out this morning, the board is strongly leaning toward eliminating 2016 bonuses for the firm’s top brass entirely as part of its remediation attempt in the wake of the fake account scandal. Sloan was chief operating officer at San Francisco-based Wells Fargo, the third-largest U.S.

San Francisco 100

San Francisco Fraud Meeting Report 100

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. billion in 2016 and is projected to grow at a rate of 7.6 billion in 2016 and is projected to grow at a rate of 7.6 The global smart fleet management industry was valued at $290.9

Cards 159

Cards Fraud Operations Management 159

PYMNTS

OCTOBER 26, 2017

And in New Mexico, two Santa Fe government employees were placed on leave following a report that fraud is running rampant in their department. Internal fraud is, unfortunately, an all-too-common problem for businesses and government entities, especially with regards to misuse of p-cards. Fraud doesn’t happen here,’” he explained.

Fraud 108

Fraud Payments Cards Policies 108

PYMNTS

APRIL 14, 2017

While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.

Fraud 112

Fraud Online Big Data Taxes 112

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.

Fraud 100

Fraud Cards Lending Analysis 100

NCR

AUGUST 30, 2017

One of the most promising applications for this technology in the banking sector is in fraud detection. Being able to spot and act on suspicious activity and transactions in real-time, without the need for human interaction, has become essential for any bank in an environment where card and payment fraud levels are on the rise.

Fraud 75

Fraud Cards Analysis US 75

PYMNTS

JANUARY 30, 2018

29), ThreatMetrix will be folded into RELX’s Risk & Business Analytics operations, which does business under the LexisNexis Risk Solutions brand. Each company, said the CEO, comes at the fraud problem from a different perspective. Each company, said the CEO, comes at the fraud problem from a different perspective.

Fraud 109

Fraud Analytics Data United States 109

PYMNTS

JANUARY 17, 2020

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. Attempted Check Fraud Spiked 43 Pct. Check fraud has spiked from $8.5 billion in 2016 to $15.1 China Posts Worst Slowdown In Nearly Three Decades. In Two Years.

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

JUNE 25, 2018

are making progress in their operations, but according to new data from Invu , they clearly have a long way to go. But the effects of AP operational behavior can be felt all the way down the supply chain of suppliers, researchers noted. In its survey of 200 financial decisions at U.K.

Report 100

Report Fraud Survey Operations 100