PYMNTS

APRIL 29, 2019

In addition, some of the company’s quality-management executives allegedly lied to independent auditors in early 2017. As part of the agreement, the company must pay restitution to shareholders, as well as implement internal controls and cooperate with the investigations of the former executives allegedly involved in the fraud.

Fraud 108

Fraud Indianapolis New York Operations 108

PYMNTS

JULY 25, 2017

Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers. In 2016, online financial fraud hit 15.4

Fraud 196

Fraud Online Retail Maine 196

PYMNTS

DECEMBER 23, 2019

SWIFT’s decision to open up the registry also reflects the growing threat of fraud in corporate payments. Below, PYMNTS explores the latest cases of business payments and financial fraud bogging down businesses large and small this holiday season. Canada, Mexico, Sweden, Australia and South Africa.

Fraud 131

Fraud Maryland Payments New York 131

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

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. The rule of thumb here is that after committing account takeover fraud, those fraudsters lie in wait before using the stolen account.

Fraud 159

Fraud Risk Management Customer Experience Trends 159

PYMNTS

JUNE 22, 2020

Prosecutors allege Vinnik operated BTC-e without anti-money laundering (AML) controls and policies, which resulted in criminals laundering proceeds derived from illegal activities. Authorities also claim Vinnik operated several BTC-e accounts, including some tied to thefts from other virtual currency exchanges such as Mt.

Bitcoin 181

Bitcoin United States Fraud Policies 181

PYMNTS

FEBRUARY 21, 2020

A taxicab medallion is a numbered plate required to operate a yellow cab. James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent.

Fraud 223

Fraud New York City New York Taxes 223

PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. percent in 2017 to 6.7 Among the features is real-time scoring. billion transactions.

Fraud 101

Fraud Study ATM Training 101

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. She disappeared in October of 2017 and is still at large.

Fraud 123

Fraud Las Vegas cryptocurrency United States 123

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

Fraud 110

Fraud Security Retail Tools 110

PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. 8), Airmax released the results of a 2017 survey that highlighted the potential for fleet managers to save through miles per gallon (mpg) monitoring. In an announcement on Thursday (Feb.

Fraud 100

Fraud Cards Survey Management 100

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. As part of his plea agreement, Chen admitted to operating the U.S. Collins did not contest the CAB’s ruling.

Bitcoin 130

Bitcoin Fraud cryptocurrency California 130

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

JUNE 17, 2020

The company has been doing this since 2017 when the Defense Advanced Research Projects Agency granted it funding the first time. The military’s need for tracking its multi-part, expensive operations has only increased with the introduction of 3D printing, according to Coindesk.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

Perficient

AUGUST 16, 2023

Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2017, the bank was converted from its National Charter to a Kansas state-chartered bank and renamed Heartland Tri-State Bank. He was promoted to President and CEO in 2008. In 2019, it expanded by buying its fourth branch from a competitor.

United States 221

United States Kansas FDIC Risk Management 221

PYMNTS

NOVEMBER 9, 2017

According to Kyriba and researchers at CFO Research , who surveyed 167 financial executives at companies with up to $5 billion in annual revenue, there is a clear winner in terms of what the board of directors is most concerned about in terms of CFO responsibilities: fraud. ” Their concerns aren’t baseless, either.

Risk Management 107

Risk Management Fraud Management Survey 107

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

Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. At the moment we are staying tight-lipped about who won the awards.

Risk Management 100

Risk Management Fraud Management Case Study 100

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

JUNE 14, 2019

The good news in the world of fighting fraud and cybercrime is that, by the numbers, the battle against the thieves has shown to be tipping toward the white hats. As GIACT EVP David Barnhardt noted in a recent conversation with Karen Webster, overall fraud dropped 15 percent between 2017 and 2018.

Fraud 100

Fraud Industry System Lending 100

PYMNTS

JUNE 4, 2018

Following a series of sophisticated cyberattacks, such as WannaCry and NotPetya , AIG received a surge of cyber claims in 2017: The insurer saw as many claims notifications as the previous four years combined, RT reported. researcher hadn’t quickly found and activated the kill switch.”.

Data 109

Data National Bitcoin System 109

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

Survey 52

Survey Fraud Cyber Security Compliance 52

PYMNTS

DECEMBER 7, 2017

Today in PYMNTS’ data, fast food chains are reporting consumer satisfaction following implementation of mobile order-ahead offerings, retail stores are closing at a near-record pace, “unthinkable” numbers of executives share their companies have experienced cyber fraud, real-time faster payments finally make their way to the U.S.

Fraud 101

Fraud St. Louis Retail Data 101

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Cloud computing’s scalability, flexibility and cost-efficiency are facilitating AP automation adoption.

Software 223

Software Fraud System Survey 223

PYMNTS

AUGUST 13, 2019

The Securities and Exchange Commission (SEC) has announced fraud charges against a Brooklyn individual and two of his entities who allegedly engaged in a fraudulent scheme to sell digital securities to investors and to manipulate the market for those securities. million the defendants raised in 2017 and 2018.

Operations 115

Operations social media Bitcoin Security 115

PYMNTS

JULY 31, 2020

The company has since been delisted, and Luckin has fired its chief executive officer and chief operating officer. In May, the Journal reported extensively on problems at Luckin , which was founded in 2017 and had been growing at a scalding pace. The Journal also noted that the U.S. Lu denied any knowledge to the paper.

Regulation 151

Regulation Fraud Report Security 151

PYMNTS

JULY 23, 2019

“As part of our operating set-up in India, we work with a lot of partners and we are working with them with the proposal right now on how to enable this for the country,” Guru Bhat, vice president and head of engineering of PayPal India, said in the report. . Google also launched a localized payments app for India in 2017.

Data 134

Data Fraud Risk Management Google 134

PYMNTS

JUNE 30, 2020

A summary of Wirecard ’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet. The firm reportedly said it worked with 170,000 small companies and 33,000 large and medium-sized merchants in 2017.

Regulation 222

Regulation Report Operations Payments 222

PYMNTS

JUNE 2, 2020

In the first five months of the year, cryptocurrency thefts, hacks and frauds totaled $1.4 Ultimately, Wotoken stole an estimated $1 billion in crypto from more than 715,000 victims, with one operator having ties to the $118 million PlusToken Ponzi scheme earlier this year . billion, and could exceed the 2019 loss of $4.5

Report 131

Report Bitcoin ATM cryptocurrency 131

PYMNTS

MAY 1, 2019

To recap, the AG accused Tether (of the Tether stablecoin) and the Bitfinex operator of possibly defrauding crypto investors. Bitfinex is the cryptocurrency exchange that last week was swept up in an investigation over a coverup alleged by the New York State Attorney General to have involved as much as $850 million in losses.

Bitcoin 139

Bitcoin Fraud New York cryptocurrency 139

PYMNTS

SEPTEMBER 11, 2019

Fraud Trends. As PYMNTS covered earlier this year, losses from such schemes nearly doubled from $675 million in 2017 to as much as $1.2 Fraud Crackdown. The operation also resulted in the seizure of nearly $3.7 The criminals behind business email compromise also engage in a wide variety of fraud, the DOJ said.

Fraud 163

Fraud social media Cards Bitcoin 163

FICO

JUNE 20, 2019

Fraud is a serious concern for the communications industry, with proceeds and services used by organised crime and terrorist networks. Of this, over $ billion n is attributed to subscription fraud and account takeover. Defining Subscription Fraud. A ‘convergence’ of fraud. First-Party Subscription Fraud.

Fraud 45

Fraud Resources Industry Mobile 45

PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. Take all the paperwork required to access federal benefits in the U.S. Mobile Opportunity.

Mobile 100

Mobile Fraud Security Data 100

NCR

JUNE 2, 2017

As some of the biggest tech trends of 2017, artificial intelligence (AI) and machine learning promise to offer a great many opportunities to businesses across all parts of the economy, and the banking sector is no different. Among the most talked-about use cases for this technology in banking is improving fraud detection capabilities.

Fraud 84

Fraud Technology Examples Data 84

FICO

JUNE 20, 2019

Fraud is a serious concern for the communications industry, with proceeds and services used by organised crime and terrorist networks. Of this, over $7 billion is attributed to subscription fraud and account takeover. Defining Subscription Fraud. A ‘convergence’ of fraud. First-Party Subscription Fraud.

Fraud 40

Fraud Resources Industry Mobile 40

FICO

JUNE 20, 2019

Fraud is a serious concern for the communications industry, with proceeds and services used by organised crime and terrorist networks. Of this, over $7 billion is attributed to subscription fraud and account takeover. Defining Subscription Fraud. A ‘convergence’ of fraud. First-Party Subscription Fraud.

Fraud 40

Fraud Resources Industry Mobile 40

PYMNTS

JULY 29, 2019

These FIs are increasingly relying on AI and automation not only to secure platforms and streamline their back-office operations, but also to improve their customer-facing services. The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services. million customer queries each month.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181