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

AUGUST 30, 2019

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Some of the restaurants have joined a movement with a popular social media hashtag of #logout. Also, Netflix turned 22 on Thursday (Aug. Square Inc.

social media 101

social media Payments Fraud Taxes 101

PYMNTS

DECEMBER 5, 2017

The reports also coincided with revelations that tens of thousands of Russia-based social media accounts, many of which were automated bots, were posting about #Brexit in the days leading up to the Brexit vote to influence it’s outcome, according to researchers at the Times. 2016 presidential election.

social media 102

social media Company Groups Fraud 102

PYMNTS

JULY 28, 2019

Stamos led Facebook’s investigation into Russian interference in the 2016 U.S. Part of the Stanford Cyber Policy Center, the Observatory is a cross-disciplinary initiative comprised of research, teaching and policy engagement addressing the abuse of today’s information technologies, with a particular focus on social media.

social media 109

social media Security Policies Google 109

PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? billion in 2016, with an estimated value at $43.7 Meanwhile, in the P2P market, Early Warning Services reported $170 million worth of P2P payments were made in 2016. percent to 25.5

social media 105

social media Report Payments Tools 105

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

NOVEMBER 27, 2018

politician said Facebook was aware that Russian-linked organizations were harvesting data from the social media giant, since October 2014, according to Bloomberg. Facebook previously said it was unaware of the activity until after the 2016 election.

social media 144

social media Software California Data 144

PYMNTS

MAY 2, 2017

Facebook (FB) shares have hit record highs amid investor optimism on the social media giant’s upcoming Q1 earnings report. Rimašauskas has since been charged with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft. At the end of March , the U.S.

social media 108

social media Google Fraud Video 108

Payments Source

FEBRUARY 16, 2018

A sophisticated campaign by Russian actors seeking to manipulate the 2016 U.S. presidential election through social media included stealing the identities of Americans and using accounts at PayPal to aid their effort.

social media 64

social media Fraud Payments 64

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

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

APRIL 18, 2019

Social media giant Facebook has admitted that it might have “unintentionally uploaded” the email contacts of 1.5 million new users since May of 2016, according to a report from Reuters.

social media 108

social media System Report Company 108

PYMNTS

SEPTEMBER 30, 2019

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 Study: More People Fall Prey To Fraudsters Online Than By Phone. Goldman’s Marcus Has Lost $1.3B

social media 100

social media Apple Study Payments 100

PYMNTS

MAY 16, 2019

The scam started in 2016 with an attack in Ukraine. Facebook confirmed that the groups, some of which had been on the social media site for as long as eight years, have been removed. The ringleader is reportedly being prosecuted, while other prosecutions are in process in the U.S., Moldova and Ukraine.

Georgia 116

Georgia social media Groups Conference 116

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

Accenture

OCTOBER 9, 2017

Nowadays, communication is dominated by e-mail, texts and social media posts in volumes that dwarf those of the past using paper. They may endure for many more years, but as an innovation of the 1960s, they are inefficient, expensive and fraud-prone, unsuited to the atomized payments landscape. Precedent and Implications.

Payments 152

Payments social media Industry Cards 152

PYMNTS

AUGUST 14, 2017

Previously, African merchants had the opportunity to sell their wares on platforms such as OLX and Jumia or by leveraging social media platforms like Facebook and Instagram. They spent several months traveling and researching before raising their first capital from friends and family in early 2016.

Online 131

Online social media Mobile Software 131

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

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

DECEMBER 14, 2018

The social media giant said it would notify people who might have been affected by the bug through a Facebook alert. “Early next week, we will be rolling out tools for app developers that will allow them to determine which people using their app might be impacted by this bug. Facebook has had a few privacy scandals over the past year.

social media 115

social media Tools Security Data 115

PYMNTS

SEPTEMBER 17, 2018

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. Park is being charged by the U.S.

New York 188

New York Fraud System social media 188

PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World.

San Francisco 187

San Francisco Regulation social media Data 187

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. Mills-Grimes will be live blogging at FinovateSpring 2016. Check back for new updates throughout the day. Welcome to Finovate!

San Jose 40

San Jose Customer Experience Mobile social media 40

PYMNTS

JULY 3, 2017

The Rise of CNP Fraud. In October 2016, nearly 200 individuals were arrested as part of a major international sting. Forty-three countries, 75 airlines and eight online travel agencies were involved in the fraud. billion USD) every year as a result of card-not-present (CNP) online fraudulent ticket purchases.

Online 112

Online Payments Fraud Cards 112

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. 01:20 pm William Mills, CEO of William Mills Agency, and Stephen Ramirez, CEO of Beyond the Arc, discuss highlights from FinovateSpring 2016 Day 1. This is a very sophisticated fraud detection technology! ^SR. Maria Gurina (Bus.

Video 40

Video Lending social media Analytics 40

PYMNTS

APRIL 7, 2017

Approximately 37 percent said they had clicked on a link in an email, website or social media feed in order to download an app, game or movie. With the number of blacklisted apps doubling between 2015 and 2016, it’s time for consumers to up their ‘security awareness’ game,” Verrall added.

Mobile 100

Mobile social media Survey Security 100

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

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. The account has a tie into social media and sharing. Started talking about the challenge of having to change credit cards all the time (due to fraud). This is the integration of mobile social media with trading.

Video 40

Video Mobile social media Analytics 40

PYMNTS

JUNE 27, 2017

The increased focus is a good thing — AML laws and Know Your Customer (KYC) requirements can help reduce crime, prevent terrorism and mitigate the risk of fraud. The fast-growing rates of fraud is another topic that sometimes keeps me up. billion in 2016, according to Javelin.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

NOVEMBER 4, 2016

According to a report by Adweek , Ubisoft set up a microsite named Selfie Reveal to show users what data can be gleaned from pictures they innocently post on social media websites. That’s according to Ubisoft, the video game maker that is rolling out a new hacker-themed video game dubbed “Watch Dogs 2” later this month.

social media 100

social media Video Apple Data 100

PYMNTS

MAY 6, 2019

That is a 171 percent increase from Ghost’s 2016 analysis. But, the report noted, social media – with its reliance on navigation tools like hashtags – provides an easier environment for counterfeiters to hide openly. That progress toward additional eCommerce functionality is likely to progress, according to the survey.

social media 123

social media Branding Survey Report 123

ZootBlog

DECEMBER 14, 2015

As we approach the New Year, industry analysts and financial experts are rushing to publish their predictions for 2016. Regulations forced the issue, and the deadline for issuers and retailers to comply was October 1, 2015, or face liability for fraud losses. Looking Towards 2016. The transition is still underway. Mobile Wallet.

Mobile 70

Mobile Customer Experience Analytics social media 70

PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

Fraud 158

Fraud System Data Tools 158

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

PYMNTS

APRIL 18, 2019

million new users since May of 2016, according to a report from Reuters. The original blog post by Facebook was a response to an investigation by cybersecurity reporter Brian Krebs, who discovered that up to 600 million passwords were exposed.

Report 123

Report Company Data social media 123

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

Fintech Labs Insights

FEBRUARY 21, 2017

In addition to facilitating compliance, Qumram offers internal and external fraud detection, as well as actionable insights that inform banks how to improve the user experience. At FinovateFall 2016, the company showcased its regulatory compliance tool that facilitates client communication. Million appeared first on Finovate.

social media 15

social media Seattle Compliance User Experience 15