PYMNTS

FEBRUARY 16, 2020

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. The Commodity Futures Trading Commission has charged a Colorado resident with fraud in an alleged Ponzi scheme.

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PYMNTS

APRIL 26, 2019

Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space. At a recent price of $5,092 as reported Friday (April 26), bitcoin is down from levels earlier in the week that topped $5,580.

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PYMNTS

SEPTEMBER 28, 2017

When it comes to Bitcoin and other digital currencies, Morgan Stanley chief executive officer James Gorman sees potential, something with which his counterpart at JPMorgan does not agree. None of us operate in isolation in the ecosystem in which we live,” Gorman said. “If Speaking during a Wall Street Journal event on Wednesday (Sept.

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PYMNTS

MAY 27, 2016

Gox bitcoin drama got a little more dramatic this week. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. Gox bitcoin.

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PYMNTS

APRIL 26, 2019

That revelation sent shares of bitcoin down close to 6 percent. The court filing also shows messages that an executive at Bitfinex sent last August to get capital from a payment processor in Panama that Bitfinex had transferred funds to. It’s also raising worries that Tether isn’t a viable stablecoin, noted the report.

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PYMNTS

OCTOBER 5, 2020

MyChargeBack Vice President of Global Operations Michael Cohen indicated that credit card chargebacks are a potential option 18 months following the transaction date in some instances. And, in regard to digital currency, consumers might only be able to recoup money in the event of unauthorized transactions.

Security 202

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PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

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PYMNTS

APRIL 10, 2017

Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Japan Gives Bitcoin a Big Thumbs Up. at the hands of the SEC, bitcoin world was looking for some good news. Yes, we checked.

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PYMNTS

FEBRUARY 26, 2019

It was designed to settle transactions with clients of its wholesale payments operation, mainly for international and securities transactions related to blockchain. Currently, the digital token is being tested inside the bank with corporate clients, unlike bitcoin , which is open source and can be accessed by anyone. “JPM

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cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

MAY 27, 2016

I was reminded yesterday in my digital discussion with the CEO of Forter, Michael Reitblat, that 83 percent of the fraud attacks last year were the result of botnets, besting some of the more “tried and true” tactics like account takeovers and phishing. Angela Ahrendts. Speaking of vulnerabilities, the saga of Mt. Gox continues.

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PYMNTS

SEPTEMBER 11, 2019

Treasury official Sigal Mandelker, who serves as undersecretary of the Treasury for Terrorism and Financial Intelligence, said cryptocurrencies that operate anywhere in the United States will have to comply with regulations that target fraud. FINMA’S Take.

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PYMNTS

MARCH 29, 2018

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion. ModoPayments. million due to investor interest.

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PYMNTS

MARCH 15, 2018

Not liking basketball is no reason not to get in on the fun, and so, we made you our own little payments and commerce mini-bracket, a “Final Four” for anyone who would rather follow the price of bitcoin than the progress of Duke through the tournament. Productivity vs. The NCAA Tournament . The Retail Death Spiral . The big takeaway?

Payments 108

Payments Millennials US Fraud 108

Jeff For Banks

DECEMBER 12, 2015

We must be moments away from downloading a gamified banking app via our Google Glass, paying in Bitcoins using Apple Pay! And I've used gamified, Google Glass (so passe), Apple Pay, and the piece de resistance, Bitcoin. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market.

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Fintech Capital Cards Bitcoin 60

BankUnderground

MAY 25, 2023

Closer inspection reveals an ecosystem experiencing several hacks, attacks, and fraud. Within this brief period, the borrower must request the funds, call on other smart contracts to perform near-instantaneous trades with the loaned capital, and return the funds before the transaction ends. Estimates show at least US$6.5

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blockchain US cryptocurrency Examples 79

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. RegTech Trends. Driver 4: Regulators are raising the technical bar on compliance requirements.

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CB Insights

AUGUST 14, 2018

. “While recent stories and reports of a new entity competing with the three major carriers in the United States grabs headlines, the reality is it would be a daunting task requiring tens of billions of dollars in capital and years to build sufficient scale and density to replicate existing networks like FedEx,” [Mike] Glenn said.

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PYMNTS

MAY 3, 2020

The system could possibly monetize every single social media post on a given network for operators as well as content creators. The program will likely make use of Voice, Block.one’s own social media network, which Block.one invested millions of dollars into last month so it could operate independently of Block.one.

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CB Insights

SEPTEMBER 27, 2017

. “While recent stories and reports of a new entity competing with the three major carriers in the United States grabs headlines, the reality is it would be a daunting task requiring tens of billions of dollars in capital and years to build sufficient scale and density to replicate existing networks like FedEx,” [Mike] Glenn said.

Bitcoin 65

Bitcoin Apple Innovation Industry 65

PYMNTS

DECEMBER 9, 2020

Gangs in Latin America are increasingly turning to cryptocurrency to operate illegal trades of drugs, guns, sex and people, Reuters reported. Criminals deposit cash in small amounts in different bank accounts and then use it to buy bitcoin. Drug Enforcement Agency, told Reuters. “It

Bitcoin 168

Bitcoin Report cryptocurrency Analytics 168

PYMNTS

OCTOBER 20, 2018

It was not a technical challenge; it was a business challenge to get all the regulations, PCI, KYC, money transmitter relationships, banking relationships, the capital reserves, the fraud — all of the things we needed to do took a year and a half. When we launched, that was true for fewer than a third of Americans. What’s Next.

Innovation 177

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Gonzobanker

NOVEMBER 9, 2015

Roughly 10% of all the individual track sessions were devoted to blockchain/bitcoin. For those not directly tied to a bitcoin company, the message was, “Think of all the things we can do with the underlying technology.” For those with skin in the bitcoin game, the message was, “Why are we trying to separate blockchain from bitcoin?”

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PYMNTS

JANUARY 5, 2020

The SEC staff’s quick actions exposed the full scope of Meenavalli’s fraud and resulted in additional monetary and prophylactic relief to prevent him from defrauding U.S. Israel saw a 32 percent jump in 2019 blockchain and crypto-related companies, Cointelegraph reported , citing an Israeli Bitcoin Association (IBA) study.

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blockchain Bitcoin cryptocurrency Operations 132

PYMNTS

DECEMBER 20, 2019

Bitcoin hovers at $7,100 and change. Along the way, bitcoin — and all digital coins, really — have had a rough time of it. Along the way, bitcoin — and all digital coins, really — have had a rough time of it. There are estimates that cryptocurrency-related fraud and theft has made off with $4.4

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Bitcoin Regulation Apple Fraud 130

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

FEBRUARY 22, 2019

FinTechs that landed new funding include a firm targeting friction in B2B payments in the construction space, alternative small business lenders and a company helping accountants guide their SMB clients toward capital. Hillhouse Capital led the firm’s “D1” round, while Sequoia China led its “D2” raise.

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PYMNTS

DECEMBER 7, 2017

Blockchain and crypto companies may be operating with cutting-edge technology, but in the back-office, accounting and bookkeeping strategies are stuck in the stone age. He added that accounting solutions have to be able to connect directly into the dozens of cryptocurrency exchanges in operation today where crypto-trading occurs.

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blockchain cryptocurrency Software Regulation 131

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. The intended goal is a reduction in legal, accounting, and transaction costs, as well as a decreased risk of fraud and corruption. Title Management.

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blockchain Fraud Technology Management 78

William Mills

SEPTEMBER 9, 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. Loans on BitBond run through the bitcoin backchain for efficiency reasons. users fall victim to fraud.” I need to learn more.

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social media ATM Mobile Customer Experience 40

NCR

MARCH 25, 2016

And you may have even heard about the fury of investment activity in the technology, from large banks like JP Morgan, Goldman Sachs and Citi making strategic bets to over a quarter billion dollars of venture capital investments in the last 12 months. Bitcoin’s success has brought a lot of attention to the concept, but it’s not new.

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blockchain How To Technology Fraud 40

CB Insights

MARCH 21, 2018

These include: Fraud detection and risk prevention: By moving insurance claims onto an immutable ledger, blockchain can help eliminate common sources of fraud in the insurance industry. Fraud Detection and Risk Prevention. The total cost of insurance fraud (not counting health insurance) in the US is estimated at $40B a year.

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PYMNTS

FEBRUARY 1, 2021

A man has agreed to plead guilty to running an unlicensed company exchanging tens of millions of dollars in bitcoin or cash, a press release from the Department of Justice U.S. Hugo Sergio Mejia, 49, of Ontario, allegedly operated his virtual currency business from May 2018 to September 2020, according to the release.

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PYMNTS

APRIL 7, 2017

The first big credit card fraud, he said, done by hackers, came in at about $100 million. Moving on to the third ring of concerns, Stavridis discussed terrorism and hacktivism, where, for example, the Islamic State operates across the dark web via bitcoin and other avenues. and Israel, along with the Ukraine, Russia and Vietnam.

National 102

National Georgia Security Innovation 102

Gonzobanker

DECEMBER 14, 2023

Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. The Comeback Investment of the Year Award – Bitcoin (BTC). stake in Valley Bank. The laser eyes are shining brighter going into 2024.

Fintech 195

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Fintech Labs Insights

APRIL 25, 2016

Two Finovate alums raised fresh capital: Emailage raised another $5 million for its email-based fraud prevention solutions. Equities markets operator. Fraud protection for financial institutions. Bitcoin trading services. Kraken Bitcoin Exchange. Bitcoin exchange. Total dollars raised YTD is $8.8

San Francisco 12

San Francisco Fintech Company Lending 12

Fintech Labs Insights

JULY 22, 2015

Behaviosec’s technology recognizes if a conflicting user is operating a device by monitoring the environment, rhythms, and interaction patterns that are unique to each user. For developers, our SDK’s open up a whole world of possibilities to not only minimize fraud but also remove annoying friction such as False Rejects.

San Francisco 12

San Francisco Video Fintech Data 12

PYMNTS

MARCH 13, 2019

Being strongly aware of the money laundering and financing of terrorism risks associated with entities operating in this sphere, the decision has been [made] to engage the services of CipherTrace in order to reduce fraud and detect transactions with illegal sources of funds,” said MFSA CEO Joseph Cuschieri, according to CoinDesk.

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