PYMNTS

JANUARY 15, 2021

Demand for these codes skyrocketed in 2020 as consumer demand for contactless payment solutions increased in order to reduce the potential risk of infection. The year 2020 was a game-changer for QR codes, with high demand for safer, more convenient contactless payments fueling their growth.

Retail 207

Retail Security Payments United States 207

PYMNTS

JANUARY 13, 2020

The PYMNTS January 2020 Digital Identity Tracker examines the issues, as well as advances in mobile biometric security, “deepfake” detection and more. Among those not tuning it out is the National Retail Federation (NRF), which has complained about the EMV-PIN weakness and the liability issues it creates for NRF members.

Trends 136

Trends Fraud Cards National 136

PYMNTS

DECEMBER 14, 2020

At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.

Google 192

Google Security Washington Risk Management 192

PYMNTS

FEBRUARY 15, 2017

Aiming to beef up security in connected and driverless cars , a group of lawmakers have introduced a bipartisan bill in the House of Representatives that would put the National Highway Traffic Safety Administration (NHTSA) in charge of studying security issues for cars and trucks that are connected and eventually driverless.

Study 120

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PYMNTS

JUNE 16, 2020

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat. However, he noted that the move could negatively impact morale at DHS.

US 227

US Cyber Security Security National 227

PYMNTS

JUNE 24, 2016

India led the competition with the most funding rounds, as investors supported the nation’s efforts to develop the digitization and sophistication of more traditional business operations: eProcurement, eInvoicing, logistics and supply chain management. market struggles with investor doubt and regulatory scrutiny. But the U.S.

National 100

National Trends Lending Capital 100

PYMNTS

DECEMBER 16, 2020

More than 100,000 eateries — or about one in six restaurants nationwide — have closed due to the pandemic, according to National Restaurant Association estimates. More than $134 million was lost to such scams in 2019, according to the Federal Trade Commission (FTC), while $117 million was lost to them during the first half of 2020 alone.

Fraud 310

Fraud social media Mobile Trends 310

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

PYMNTS

FEBRUARY 1, 2021

The Interstate Technology & Regulatory Council (ITRC) released new data on the state of cyberattacks and data breaches with some surprising news: data breaches were actually down in 2020 year-over-year. million was stolen by a National Australia Bank (NAB) ex-employee in an invoice scam , reports in ABC.net said.

Data 341

Data Fraud Missouri Report 341

PYMNTS

OCTOBER 30, 2019

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. The rise of blockchain technology was accompanied by that of cryptocurrencies, but innovation in blockchain technology does not mean we should speculate in virtual currencies.”.

blockchain 101

blockchain Bitcoin Security Software 101

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The bank is working with technology giants Google and Microsoft to create new cloud-based tools that will use their cloud computing software.

Digital Banking 262

Digital Banking Security Innovation Google 262

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. FICO’s Take on Debit Security. Trackers and Reports.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

DECEMBER 24, 2019

Indeed, to create and promote the adoption of a new royalty-free connectivity standard (to make smart home products more compatible with security as a design tenet), Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. One can bet that the ongoing deployment of new 5G mobile network technology will drive things further.

Cards 160

Cards Payments Study Examples 160

PYMNTS

JUNE 29, 2020

Valdis Dombrovskis , the EU’s executive vice president of the European Commission for an Economy that Works for People, told attendees of the Digital Finance Outreach 2020 , a series of events for the 27-nation bloc on financial technology companies, that Europe must become the leader in crafting rules for digital finance.

cryptocurrency 221

cryptocurrency Regulation Bitcoin Maine 221

PYMNTS

DECEMBER 11, 2020

PYMNTS’ December 2020 Digital Identity Tracker® , done in collaboration with Jumio , delves with enthusiasm and deep detail into the burgeoning field of video-based KYC , highlighting a number of compelling use cases from around the world that showcase its effectiveness. But that’s about to end.

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Video Security National Digital Banking 204

Abrigo

MAY 20, 2020

FinCEN issued an advisory on May 18, 2020 to alert financial institutions to medical scams related to the COVID-19 pandemic as well as new SAR key terms for reporting these scams. FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.”

Lending 195

Lending Fraud Training Report 195

PYMNTS

NOVEMBER 26, 2019

“At this time, we have decided to discontinue the sampling program in 2020.”. Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

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Delaware Oregon Maryland Video 140

PYMNTS

FEBRUARY 13, 2020

Card issuers are fielding new technologies and utilizing next-gen identity verification technology to expose the fakers and make social media — and the wider digital domain — safe for kitten vids and funny memes again. federal government doesn’t issue a national identity card, so a number of states have taken it upon themselves.

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social media Louisiana Colorado Samsung 150

PYMNTS

NOVEMBER 26, 2019

“At this time, we have decided to discontinue the sampling program in 2020.”. Amazon is no stranger to privacy issues, and recently f ive senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses peoples’ data and videos.

Delaware 130

Delaware Oregon Maryland Video 130

South State Correspondent

MARCH 21, 2023

Background of ERC ERC exists to assist businesses that were put under severe financial strain due to the government-mandated lockdowns from the 2020 COVID-19 pandemic. In 2020, the U.S. ERC Assist provides clients with a technology platform that showcases bank innovation and demonstrates the bank is forward-thinking.

Taxes 195

Taxes Community Bank Community Operations 195

PYMNTS

DECEMBER 12, 2019

The thefts — which retailers call shrink — will result in lower operating profit margins in 2020, Home Depot executives told analysts and investors during a meeting. Shrink costs retailers about $51 billion each year, according to a report from the National Retail Federation (NRF). Home Depot’s claim is among the first times a big U.S.

Atlanta 201

Atlanta Retail Study New York 201

PYMNTS

JANUARY 21, 2021

Fraud was red-hot in 2020. Well-funded and organized fraud operations, meanwhile, continued to amass more capital, manpower and technology. What’s more, businesses have also begun to experience whiplash for not prioritizing the security of their customers. 2020 was a tough enough year already. It’s time to fight back.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

SEPTEMBER 17, 2020

Sam’s Club is rolling out its mobile pay-at-the-pump Scan & Go Fuel experience at over 70 locations throughout the nation in September, with a "full-scale" launch to 518 gas stations anticipated prior to the close of 2020, according to a Thursday (Sept. 17) company announcement.

National 141

National Mobile Retail Technology 141

Tomorrow's Transactions

JUNE 9, 2020

2020 has been dominated by the COVID-19 pandemic threatening our way of life, challenging our resourcefulness and resilience, on a global scale not experienced since the World War ended 75 years ago. Many employers would not have considered such a move previously, citing security and lack of productivity as potential hurdles.

Resources 82

Resources Risk Management Operations Regulation 82

Abrigo

JULY 10, 2020

On July 7, 2020, FinCEN i ssue d the s econd r ed f lag COVID-19 advisory relat ing to fraud and certain red flags that could be indicative of fraudulent activity. Crisis Business Membership Strategy in 2020: Adapting Technology and Executing in the New Normal. FinCEN issues second red flag on COVID-19.

Fraud 195

Fraud Lending Software Analytics 195

PYMNTS

OCTOBER 17, 2017

Kaspersky revealed that the malware, known as FinSpy or FinFisher, is a product usually sold to nation states and law enforcement agencies for surveillance. It appears that the hackers are targeting Middle Eastern politicians and United Nations officials in the region, opposition bloggers and activists, and regional news correspondents.

Regional 111

Regional Software National Security 111

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. But beyond the sales pitch, technology, too, can be an aid to a crime.

Fraud 130

Fraud Report cryptocurrency National 130

PYMNTS

DECEMBER 16, 2020

The pandemic has affected nations around the globe and touched almost every industry, bringing the U.S. economy to a screeching halt in Q2 2020. The space was on the rise even before the spring as businesses turned to SaaS solutions to more quickly roll out software in a convenient, flexible and secure manner.

Software 186

Software California Industry Company 186

PYMNTS

JANUARY 4, 2019

Cryptocurrencies , like bitcoin, Ethereum, Litecoin and Ripple , are digital assets designed to work as a medium of exchange that uses strong cryptography to secure transactions,” he said. Cryptocurrency, however, is more than just an asset that stores value. It is used as currency, a means to exchange for goods and services.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

DECEMBER 21, 2020

The National Restaurant Association estimates that something like 100,000 eateries have closed either for now or forever, as health fears have struck at the heart of dining out. After a revenue freefall of $165 billion between March and July, the sector is expected to lose almost a quarter-trillion dollars in 2020.

Mobile 151

Mobile Fraud Policies Study 151

PYMNTS

OCTOBER 29, 2019

The organization, which is investing $600,000 in the project, is working with blockchain startup ChromaWay and Bolivian IT services company Jalasoft on the project in Bolivia, Peru and Paraguay, with plans to eventually test out the technology in other parts of South America.

Bitcoin 102

Bitcoin blockchain social media America 102

PYMNTS

SEPTEMBER 4, 2019

The order includes firms based outside the Netherlands that are serving Dutch nationals, even online. “It In other news, Deloitte and TruTrace Technologies have announced they are teaming up to deliver blockchain product-traceability solutions to the cannabis industry.

blockchain 124

blockchain Bitcoin cryptocurrency Technology 124

PYMNTS

JULY 12, 2019

The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare. Mobile devices enable fast and secure access to services, many of which are solely available online.

Mobile 108

Mobile National Samsung Case Study 108

Abrigo

OCTOBER 28, 2021

The COVID-19 pandemic no doubt saw an increase in fraud exponentially during 2020, and cyber fraud specifically has continued to increase at the same pace during 2021. Once completed, the risk assessment should be something that a BSA professional would present to the Board, executive management, and other stakeholders such as IT security.

Video 195

Video Fraud Training Analysis 195

PYMNTS

MAY 21, 2020

As politicians across the globe grapple with the pandemic’s continued economic fallout and the need to get stimulus funds to individuals, corporations and even local governments with speed and security, digital delivery of those dollars is likely to gain increasing traction. As reported in this space last month, the efforts are still nascent.

United States 244

United States Regional cryptocurrency Retail 244

PYMNTS

DECEMBER 23, 2019

The company wants to pursue acquisitions throughout 2020. This important step will allow us to be a stronger partner to Chinese financial institutions and technology platforms.”. Moshe Katri, a research analyst for Wedbush Securities, a financial services firm, said it was important for PayPal to execute the deals carefully.

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Company US National Payments 142