PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. percent increase from 2018. Ensuring Secure Workplace Practices. million in 2019 — a 1.5 Fighting the Phishers.

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Fraud Policies Security Resources 249

PYMNTS

MAY 28, 2020

In the May Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the challenges facing deployment of APIs amid the COVID-19 pandemic, new online initiatives from nationwide FI chains and community banks and the security challenges that are plaguing digital banking programs.

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Community Bank Community Security Digital Banking 176

PYMNTS

DECEMBER 4, 2018

In fact, the number of Same Day ACH transactions rose by 192 percent in Q3 2018 over the same period from the previous year. NACHA’s Payments Innovation Alliance is one player working to make it easier for FIs to engage in faster payment schemes. The uptake of faster payment systems keeps going up — and up, and up. Faster Payments.

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System Resources Meeting Payments 175

PYMNTS

SEPTEMBER 9, 2019

For others, like the Cyber Readiness Institute, combatting cybercrime means expanding the availability of resources: the Institute recently revealed its plans to translate its cybersecurity program to Spanish and Portuguese for instance. Below, PYMNTS looks at some of the numbers behind changing cybersecurity strategies.

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PYMNTS

JUNE 24, 2020

trillion in premiums for 2018, according to one recent report , a notable portion of the wider industry’s approximately $5 trillion in revenue that year. Today’s policyholders are much more tech-savvy and use digital solutions in much of their daily lives, meaning insurers must find innovative ways to send funds. It represented $1.6

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PYMNTS

JULY 28, 2020

Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. billion from the nation’s consumers in 2018. Most banks still need to upgrade their security methods to handle the issue, too.

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Fraud Data Examples Security 132

PYMNTS

FEBRUARY 26, 2020

Restaurants are diving head first into digital innovations, such as mobile ordering and rewards programs. Security standards have largely not kept up with such threats, according to a joint study from Javelin Research and Kount. Mexican QSR Chipotle is another mobile order-ahead player leveraging AI for security. AI in Action.

Fraud 141

Fraud Mobile Security System 141

PYMNTS

JANUARY 12, 2018

That shift, for contact or contactless payments, goes into effect April 2018. Those investments and focus, the company said, will help “define the future of payments security.”. Dan Sanford, the company’s VP of Product Initiatives, said that “Visa is committed to delivering secure, fast and convenient payments at the point of sale.

America 153

America United States Analytics Cards 153

William Mills

MAY 9, 2018

Welcome to FinovateSpring 2018. How they describe their product/innovation: Project Finance is a personal finance application that shows users the future of their finances based on all the choices and decisions they’re making today. I’m here at the Santa Clara Convention Center covering the demos.

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Security Samsung Strategy San Jose 40

Abrigo

MARCH 7, 2022

The world of FinCrime is more dynamic than ever, with fraud escalating thanks to an increase in mobile payments precipitated by the pandemic and security concerns rising over the Russian conflict in Ukraine. Anticipating change in the anti-money laundering industry.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

PYMNTS

FEBRUARY 3, 2020

This prospective growth can largely be attributed to the Monetary Authority of Singapore (MAS), the region’s main regulator, which announced in June 2018 that it would grant five digital banking licenses to third-party companies. What we see is an opening up of customer data as a ground-up [innovation] process led by the banks themselves.

Digital Banking 185

Digital Banking Innovation Maine Regulation 185

PYMNTS

JANUARY 29, 2020

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. A 2018 report found that 21 percent of the fraud SMBs see is expense reimbursement fraud from their own employees.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

APRIL 24, 2019

The firm conducted a comprehensive and diligent search for a new CEO, led by the board’s human resources committee and advised by an independent search firm. “I He was also an executive sponsor of SWIFT ’s customer security program from 2016 to 2018, and helped lead SWIFT’s response to cyber challenges facing the payments industry.

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PYMNTS

OCTOBER 1, 2019

The agency reported that more than 21,000 individuals were tricked into sending $143 million in romance scams in 2018 — triple the rate reported in 2015. The Digital Fraud Tracker™ , done in collaboration with DataVisor , is your go-to monthly resource for updates on trends and changes in the world of digital fraud.

Fraud 156

Fraud Millennials Regulation Trends 156

Accenture

AUGUST 20, 2019

But in a quickly changing world, merchants now require simple, secure and frictionless along with easy integrations, cloud-based solutions, mobile applications and digital enablers—just to name a few hot terms in today’s payment market. Market conditions are ripe for ISVs to move into payments. Merchants therefore need to adapt.

Software 150

Software Capital Payments Analysis 150

PYMNTS

MARCH 7, 2019

However, as stated, many still have qualms regarding Open Banking and data transparency when it comes to security and privacy, concerns that are still being debated in the Bulgarian government as GDPR progresses. For more on the security and privacy issues surrounding these regulations, visit the Tracker’s News & Trends section.

Lending 198

Lending Regulation Regional Data 198

Abrigo

MARCH 11, 2022

Thanks to an increase in mobile payments precipitated by the pandemic and rising security concerns due to the Russian conflict in Ukraine, the world of financial fraud prevention is more dynamic than ever. Recently, the Secure and Fair Enforcement Banking Act of 2021 (SAFE Act) passed the house for the third time.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

MARCH 27, 2020

Around The Data Protection And Security World. The virus once again tested the boundaries of the EU’s GDPR rule, which has governed the transmission of online information in the region since 2018. Security . European Union and other regions currently fighting the pande mic. To find out more about how U.S. About The Tracker.

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PYMNTS

DECEMBER 11, 2018

But according to Protiviti, the c-suite corporate leaders are most concerned about the ability of their firms to compete against those born-digital organizations, with this risk rising from number 10 in 2018’s report to number 1 in the 2019 survey. Mark Beasley, quoted in Protiviti’s release. ” A Closer Look At The Risks.

North Carolina 163

North Carolina Survey America Big Data 163

PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. based organizations, 41.2 percent of which paid employees in multiple countries while 58.8

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System Management Tools Cards 165

PYMNTS

JUNE 13, 2019

Fighting bad actors is particularly challenging for those in the banking industry, which lost more than $31 billion to fraud in 2018 and is projected to lose even more as cybercriminals become more sophisticated. The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives.

Fraud 128

Fraud Analytics New Jersey Data 128

South State Correspondent

MAY 13, 2024

The ISO 20022 standard, which will be the global standard for payments, securities, collateral, and trade finance, will increase payment accuracy and delivery while reducing fraud. Banks with open banking ambitions should adopt this language standard to increase interoperability, efficiency, security, and customer experience.

Conference 195

Conference Payments Fraud Data 195

PYMNTS

JUNE 5, 2019

A recent analysis valued the global mPOS industry at $26 billion in 2018, and it is expected to increase at a compound annual growth rate (CAGR) of 18.8 Companies across the globe are innovating their mPOS solutions for faster, more secure services. percent between 2017 and 2026. Around the Mobile Point-of-Sale World.

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San Diego Apple America Mobile 130

PYMNTS

MARCH 2, 2020

These businesses do not always have the time or resources to find and hire temporary workers, add them to payroll, and remove them a few weeks later. That appears to concern many businesses as 74 percent of recruiters stated in 2018 that they expected to more intensely vie against other firms to attract new hires in 2020.

Cards 130

Cards ATM United States Payments 130

PYMNTS

DECEMBER 28, 2018

With FinTechs offering clients a range of easy-to-use, sophisticated products, banks in 2018 were pressured to react to small businesses’ demand for advisory services — not just data, and not just digital platforms. Bank technology provider nCino has kept this challenge in mind throughout 2018. percent drop in the number of U.S.

Fintech 177

Fintech Customer Experience Tools Technology 177

Bank Innovation

DECEMBER 28, 2017

These posts are representative of our blog’s mission to be the go-to resource for marketing information and best practices for both clients and prospects. 7 B2B Marketing Trends to Watch in 2018. Here’s a list of seven B2B marketing trends to watch in 2018. Read Article.

Marketing 268

Marketing Leadership Trends Branding 268

Insights on Business

JANUARY 9, 2019

In the statement, regulators have provided leeway to create innovative new approaches. They agreed not to penalize banks who undertake an innovative “pilot program” even if the program proves unsuccessful. Regulators also encouraged “early engagement” from banks to discuss contemplated pilot programs for innovative AML processes.

Innovation 126

Innovation Regulation Technology Maine 126

PYMNTS

JULY 26, 2017

And while that is a big goal, Taneja said that it’s all in a day’s work for the global card network that has operations in 200 countries, billions of cards issued across more than 16,000 banks, trillions of dollars in payments processed annually and a processing network — VisaNet — capable of securely processing 65,000 messages per second.

Data 102

Data Security Cards Regional 102

PYMNTS

APRIL 25, 2019

Cloud technology is relatively old, considering the pace of innovation in the back office. The healthcare sector is particularly challenged when it comes to upgrading back-office systems, yet cloud-based enterprise resource planning (ERP) systems are an increasingly attractive target for digitization efforts among hospitals.

Kansas City 115

Kansas City Kansas Analysis Resources 115

CFPB Monitor

AUGUST 21, 2018

The report raises a number of issues with screen scraping while promoting the benefits of application programming interfaces (APIs) “that allow for the inclusion of robust security features, greater transparency and access controls for consumers, improved data accuracy, and more predictable and manageable information technology costs.”

Data 84

Data Report Regulation Security 84

CB Insights

AUGUST 2, 2018

In the future, the data required for many smart city innovations will need to be processed on the edge of the network instead of in the cloud. In other words, this means devices will make decisions on their own rather than always communicating with centralized cloud resources. This should reduce latency and improve security.

Trends 29

Trends Resources Innovation Security 29

Abrigo

DECEMBER 10, 2019

These crimes can result is significant loss of financial resources for the victims and often greatly impact their quality of life. While each state defines elder financial exploitation a bit differently, in general it is when someone illegally or improperly uses or steals a vulnerable senior's or disabled person’s money or property.

Fraud 284

Fraud Study United States Training 284

PYMNTS

JANUARY 25, 2018

The plate, available in California and due to be rolled out in other states through 2018, is a self-lit LCD screen with a display that can be changed to, for example, showcase advertising along the (government-issued) license plate number. The conversation, as it often does with technology, turned to security.

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Boston California Michigan Georgia 128

PYMNTS

OCTOBER 7, 2019

It is still a matter of debate on what exemptions, innovations and changes can be left up to national authorities — and what cannot. While the rule has already applied to Greece since 2018, the recent parliament decision refers to the particulars of its application within the country. How EU Merchants Are Adjusting To SCA.

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Regulation Trends Compliance National 134

PYMNTS

MAY 6, 2020

trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. The latter tackled the cost-intensive problem of investigating flagged transactions that turned out to be legitimate, which ties up resources that could otherwise be used to check for fraudulent transactions.

Data 181

Data Fraud Tools Technology 181

NCR

FEBRUARY 26, 2018

While the industry had initially been slow to adopt such services, with concerns about regulatory requirements and security among the primary barriers to adoption, this is changing. Another area that is set to benefit from the scale and resource power provided by the cloud is artificial intelligence (AI).

Resources 53

Resources Software Technology Tools 53

PYMNTS

JANUARY 26, 2018

economy was in dire shape, companies were skittish about investing in employees and the labor force rapidly found itself largely underemployed and looking for innovative ways to add to household income. Employees who received W-2s were the province of human resources. Initially, the rise of the gig economy was adaptive: The U.S.

Payments 159

Payments Management New York Resources 159