PYMNTS

APRIL 16, 2020

You have a limited amount of capital and resources, [but] you want to stay current, which is hard to do,” CEO Gail Taggart said in a recent interview with PYMNTS. Bad actors are taking advantage of the chaos and bringing about an upswing in digital fraud. Fighting Fraud. Restaurants Should Not Forget Their Roots.

Fraud 130

Fraud Chicago Resources Mobile 130

PYMNTS

FEBRUARY 4, 2019

4) that the fraud was also perpetrated on other British banks. Of those customers impacted by this type of fraud, an extremely small number have been Metro Bank customers and none have been left out of pocket as a result,” a bank spokesperson said. billion) hit to the bank’s levels of capital. The bank said on Monday (Feb.

Metro 122

Metro Fraud Study Capital 122

PYMNTS

AUGUST 29, 2019

billion due to cyberattacks , fraud, terrorism and other risk factors, according to new research by insurance broker Gallagher. Nearly one-quarter of SMBs surveyed said they were affected by some kind of crisis event in 2018, a 5 percent increase from the prior year. Small businesses in the U.K. lost an estimated $10.74

Fraud 104

Fraud Security Survey Capital 104

PYMNTS

FEBRUARY 28, 2019

Socure, the provider of identity verification and fraud prevention services, announced Thursday (Feb. In a press release , the company said the round of funding was led by Scale Venture Partners and included participation from existing investors Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony.

Fraud 119

Fraud Capital Analytics Digital Banking 119

PYMNTS

MAY 21, 2020

About 14 percent of active troops facing financial fraud issues said someone they know, even a family member, was the one who had misused their data. million fraud cases reported that year. They’re 22 percent more likely to report misused data to open new accounts, particularly from credit cards. The correlation isn’t random.

Report 177

Report Fraud Data Cards 177

PYMNTS

MARCH 21, 2019

Separately, in reference to general fraud trends, Trend Micro reported that Singapore was the most “vulnerable” country in Southeast Asia last year, where there were more than three million malicious URLs affecting 15 million victims. The number of BEC attacks, said Trend Micro, was up by 28 percent globally.

Fraud 112

Fraud Mobile Report Trends 112

PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. Another business, homewares company Sage and Clare, was out $7,360 after falling for such fraud.

Fraud 177

Fraud Cyber Security Data Software 177

PYMNTS

APRIL 26, 2019

Per the attorney general’s filing, messages from executives at the exchange — in at least one case to a payment processor based in Panama known as Crypto Capital — detail what seems to be a precarious financial position. The attorney general’s complaint states that Crypto Capital failed to process redemption orders.

Fraud 134

Fraud Bitcoin cryptocurrency United States 134

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. The new capital will help fuel hiring and other growth, the company said. Fraud Prevention Innovation.

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

MAY 8, 2019

The attacks occurred between May and October of 2018. The documents requested by Amazon’s lawyers will reportedly be used to “investigate the fraud, identify and pursue the wrongdoers, locate the whereabouts of misappropriated funds, bring the fraud to an end and deter future wrongdoing,” the court filing said.

Fraud 248

Fraud Capital Report Data 248

PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

Branding 100

Branding Cards Fraud Marketing 100

PYMNTS

NOVEMBER 16, 2016

‘Tis the season … to be very, very wary of phishing and other types of fraud. The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov. The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov. That’s where CardinalCommerce comes in.

Fraud 100

Fraud Retail Cleveland Ohio 100

PYMNTS

JUNE 13, 2019

But recent cybersecurity and fraud incidents connected to Amazon could serve as warnings to the B2B commerce ecosystem: If Amazon can fall victim to a hack, anyone can. legal document, detailed how Amazon uncovered what it described as a “serious” cyberattack between May 2018 and October 2018.

Fraud 139

Fraud Retail Industry Fintech 139

PYMNTS

MAY 21, 2020

The new Preventing Financial Crimes Playbook explores the latest financial crime developments, including a rise in financial fraud related to the ongoing COVID-19 pandemic, new threats targeting digital payment apps and guidance from PNC Financial Services on how multilayered defense systems can help curb the tide of digital scams.

Fraud 131

Fraud Tools Training Taxes 131

PYMNTS

JUNE 29, 2018

News from the frontline of the digital fraud fight is mixed. A recent report found the number of data breaches dropped by 40 percent in Q1 2018. With so much vulnerable data, companies are realizing the benefits of working together to fight fraud — and of going directly to data sources to authenticate consumer information.

Data 101

Data Fraud Lending Security 101

PYMNTS

JUNE 1, 2018

Venture capital activity within the B2B realm saw a few large deals, and a subset of smaller ones. The capital raised will be used for what Tradeshift termed “core strategic initiatives” with an eye on global expansion into Europe and Asia, and growth in transaction volumes.

Capital 122

Capital blockchain Retail Data 122

PYMNTS

JULY 2, 2018

Despite a regulation crackdown and other issues, investors have continued to fund cryptocurrency startups in 2018, with ICOs raising $11.8 Securities and Exchange Commission (SEC). The reason for securities markets is to provide jobs in the real economy,” Sherman said during a House subcommittee meeting in April. “An

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

FEBRUARY 4, 2019

What eventually becomes cutting-edge in retail and payments often originates in places that are dedicated to security, not commerce. Authorities and prison technology companies say this mass biometric surveillance supports prison security and fraud prevention efforts.”. New technology often starts out at the U.S.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

FEBRUARY 26, 2019

Patil told the victims that the KBC coin was worth $0.0056, but that it would rise to $1 by March of 2018. He is believed to have been running the scheme since around the crypto surge at the end of 2017, but the fraud was filed with police just last week.

cryptocurrency 165

cryptocurrency Fraud Maine Tools 165

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Recent Capital One research also uncovered how sluggish mobile payments adoption has been in the corporate setting. ” Enhancing Security. One area of development that J.P. Following The Consumer Trend. ”

Mobile 211

Mobile Cards Samsung America 211

Accenture

FEBRUARY 28, 2017

Alternative payment mechanisms such as PayPal, iDEAL in the Netherlands and Klarna (Europe and US) will continue to grow strongly (20% – 30%) for e-commerce, driven both by convenience and by high fraud rates in card-not-present transactions. Real-time Payments Interbank Infrastructure. Transaction Banking.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

Alternative payment mechanisms such as PayPal, iDEAL in the Netherlands and Klarna (Europe and US) will continue to grow strongly (20% – 30%) for e-commerce, driven both by convenience and by high fraud rates in card-not-present transactions. Real-time Payments Interbank Infrastructure. Transaction Banking.

Payments 150

Payments Bitcoin Samsung Fraud 150

Insights on Business

NOVEMBER 8, 2018

Rob Palacios, EVP and Director of TCB Labs at Texas Capital Bank, sat down with Yousef Hashimi from IBM at Money2020 to discuss the banks’ work around AI and their use of the IBM Garage. There was a lot of buzz at the event on fighting fraud faster as criminals have become more adept at fraud schemes in record time.

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Industry San Francisco New York City Fraud 143

PYMNTS

MAY 1, 2020

The platform allows businesses to [adopt] digital processes without significant capital or IT investments at a time when business continuity is critical,” he said. For example, Reed explained that Deluxe’s solution “… works like a check for the sender but [is delivered] through email, rather than U.S.

Payments 132

Payments Tools System Online 132

CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. Each of these companies raised funding since 2018 and has at least $40M in total funding. Capital markets: These companies leverage blockchain technology for securities issuance, trading, clearance, and settlement.

blockchain 101

blockchain Company cryptocurrency Examples 101

PYMNTS

JUNE 6, 2019

Credit unions (CUs), meanwhile, are rarely the first point of contact for small businesses in need of capital or other financial services, according to a recent Federal Reserve report. Rather, payments and security have emerged as top focuses, according to the Credit Union Innovation Playbook.

Lending 129

Lending Analytics Data Security 129

PYMNTS

APRIL 1, 2018

Webster noted that there really was no need to raise the capital, stating that the figure just popped up as “a nice round number, with lots of round numbers after the one.”. The token, to be known as PYM, will straddle both the “use” and “work” or “security” realms. And why not?”. Webster said. Not likely a deterrent, said Webster.

Trends 110

Trends Course Capital Bitcoin 110

PYMNTS

DECEMBER 31, 2019

In data coming into the end of the year, Risk Based Security said hackers had accessed 7.9 We are also making a distinction between hacks that were announced during the year, such as the gargantuan disclosure by Marriott that hackers accessed 383 million guest records, but the attacks were in 2018. Millions of accounts hacked.

Data 145

Data social media Security Report 145

PYMNTS

NOVEMBER 29, 2019

The data did not reportedly include password information, Social Security numbers or financial information. Chris Douvos of investment firm Ahoy Capital told The Wall Street Journal , “We’ve been in the middle of a rollicking party that’s gone on for five years and someone has snapped on the light switch.” Other investors include T.

Google 129

Google Mobile Data Capital 129

PYMNTS

MAY 13, 2019

Ramlau-Hansen chaired the Financial Supervisory Authority in Denmark from 2016 to 2018. He resigned in 2018 at the same time a scathing Danske report from the regulator was issued. According to a report in The Financial Times , Ramlau-Hansen’s home was raided in connection with a money laundering scandal valued at €200 billion.

Regulation 139

Regulation Report Capital Marketing 139

PYMNTS

AUGUST 1, 2019

The British company knew of the data breach around November 2018, but only now went public with the details, a person familiar with the matter told WSJ. In the Capital One incident, software engineer Paige Thompson was arrested and charged on Monday (July 29) with the hack. The cyberattack was reported to Pearson by the FBI in March.

Data 108

Data Software Capital Report 108

PYMNTS

JANUARY 31, 2020

Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank’s Adam Kruis, senior vice president and manager of working capital consulting, and Jennifer Swenson, vice president of corporate payment systems, discuss how the bank ensures smooth implementation of virtual card solutions.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

DECEMBER 12, 2018

Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience. Latency Advantages. That means, of course, that 5G will fuel the growth of the Internet of Things.).

Fintech 211

Fintech Mobile Analysis Technology 211

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

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

PYMNTS

JANUARY 2, 2019

“EU countries, including Spain, Italy and Finland, held 5G auctions in 2018, with a clutch of others scheduled for 2019. and concerns in capitals around the world, like Berlin and Tokyo. The sales can raise billions of euros for government. We are urging everyone to avoid making any hasty moves they might regret later.”.

Maine 176

Maine National Capital Technology 176