PYMNTS

JUNE 18, 2018

Square , the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. DFS is pleased to approve Square’s application and welcomes them to New York’s expanding and well-regulated virtual currency market,” said Superintendent Vullo. Didn’t see much.

New York 127

New York Bitcoin Policies Fraud 127

PYMNTS

MARCH 31, 2017

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Well, as long-term as bitcoin value can be.

Bitcoin 100

Bitcoin blockchain Capital Regulation 100

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. If banks behave badly, the government says, ‘Raise more capital.’ Speaking during a Wall Street Journal event on Wednesday (Sept.

Bitcoin 104

Bitcoin cryptocurrency Regulation US 104

PYMNTS

NOVEMBER 2, 2018

JPMorgan Chase CEO and Chairman Jamie Dimon is not a huge fan of bitcoin and offered a comment on the cryptocurrency’s 10th anniversary, Financial News reported. MarketWatch said “the gist of his response” was “I didn’t want to be the spokesman against bitcoin. ” The executive has long been a skeptic of bitcoin.

Bitcoin 123

Bitcoin District of Columbia Texas New York 123

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.

Bitcoin 108

Bitcoin Data ATM New Jersey 108

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.

Bitcoin 115

Bitcoin New York cryptocurrency Meeting 115

PYMNTS

FEBRUARY 26, 2019

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. Dimon called bitcoin a “ fraud ” during the apex of the crypto boom. The bank said it supported crypto as long as it was properly regulated. “We

cryptocurrency 175

cryptocurrency blockchain Bitcoin Payments 175

PYMNTS

JANUARY 6, 2019

“I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”. million rupee fine (about $420,000) to Deutsche Bank for failing to follow Indian KYC and AML regulations, while French bank Société Générale agreed to pay $95 million to settle AML charges. and European markets.

blockchain 160

blockchain Bitcoin Compliance Regulation 160

PYMNTS

JANUARY 13, 2021

The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. The clarity of being regulated by the oldest regulator for banks in the United States … sends a very clear message.”.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

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.

Bitcoin 104

Bitcoin blockchain Operations Fraud 104

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 This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S. This year’s surge comes as ICOs have faced stricter scrutiny from regulators like the U.S.

Regulation 101

Regulation cryptocurrency Fraud Analysis 101

PYMNTS

AUGUST 8, 2019

A detective superintendent said per the report, “When victims attempted to withdraw their capital, they could not.”. will roll out in September, and it is said to offer cryptocurrencies, such as stellar and bitcoin. According to the outlet, the schemes offered a “trial investment” to rope in victims. The exchange’s version 1.0

blockchain 108

blockchain Bitcoin cryptocurrency Report 108

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. Distributed Ledger Technology.

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. Distributed Ledger Technology.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

FEBRUARY 28, 2020

Regulations, said the report, are “extremely lax” especially when it comes to Know Your Customer (KYC) and anti-money laundering (AML) efforts. In giving some insight into methodology, Intsights said the method used “is similar to mixers, where the actor will deposit Bitcoin into the exchange account and trade it for various Altcoins.

America 217

America cryptocurrency Regional ATM 217

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. The request asks how the coin might be classified and regulated under that country’s rules.

social media 116

social media cryptocurrency Regulation United States 116

PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. SEC Chairman Jay Clayton spoke Monday (Jan. Sullivan last year.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

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. The volume of regulation has created more surface area for compliance gaps.

Compliance 72

Compliance Regulation blockchain Software 72

Celent Banking

SEPTEMBER 30, 2015

While Dan was the one really working (he presented on “How Big Data can change Financial Services”) I mingled around the participants of this vibrant ecosystem encompassing entrepreneurs, financial institutions, investors, and regulators among other stakeholders.

America 100

America Fintech Big Data Regional 100

Bankelele

JULY 24, 2015

Today saw the launch of the Barclays Africa Supply Chain Challenge at the Capital Club in Nairobi. Barclays was one of the first UK banks to work with bitcoin companies and continues to partner with startups by being their customer and in helping them scale and engage with governments on regulation.

Bitcoin 28

Bitcoin cryptocurrency Regulation Innovation 28

Tomorrow's Transactions

NOVEMBER 7, 2014

The nice people at the Fraud Advisory Panel invited me along to their expert stakeholder roundtable on “Protecting Consumers and Reducing Opportunities for Cybercrime”. Naturally the conversation began with tales of the Dark Net, pedophile exchanges and assassination marketplaces but it quickly turned into a discussion about Bitcoin.

Analysis 58

Analysis Bitcoin Fraud Cyber Security 58

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.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

FEBRUARY 28, 2018

That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more. After all, they represent substantial capital investments over the years.

blockchain 100

blockchain System cryptocurrency Regional 100

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?”

blockchain 60

blockchain Bitcoin Lending Innovation 60

PYMNTS

DECEMBER 9, 2020

While the amount of bitcoin used in these illegal transactions remains a small percentage of the roughly $25 billion that organized crime makes in Mexico per year, authorities are noticing larger illegally gained sums running through cryptocurrency, according to the report. Drug Enforcement Agency, told Reuters. “It

Bitcoin 168

Bitcoin Report cryptocurrency Analytics 168

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

Bitcoin 130

Bitcoin Regulation Apple Fraud 130

Gonzobanker

DECEMBER 17, 2021

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. The regulator and media pressure on overdraft fees has been a constant challenge to overdraft revenue. Technology of the Year.

Fintech 147

Fintech Strategy Leadership Lending 147

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. Regulators are moving forward with a criminal case against Meenavalii. . The SEC is setting up a Fair Fund to distribute money received to harmed investors. .

blockchain 132

blockchain Bitcoin cryptocurrency Operations 132

Fintech Labs Insights

FEBRUARY 3, 2017

Hot Take: “Bitcoin moves from its Darknet phase (illegal) to the early adopter Clearnet phase. This is when legitimate people charge in Bitcoin for legal transactions. Many issues such as fraud, verification of true ownership, clearance of multi-party transactions and chain-of-events are easily solvable.

Fintech 12

Fintech Bitcoin Trends Conference 12

PYMNTS

JUNE 9, 2017

million in Series A funding from Vancouver Founder Fund and TIMIA Capital. There is a ton of regulation.”. Interestingly, Dahl said, it’s difficult to assess the issue of invoice fraud, because many companies don’t release that information, or even track it. “I Beanworks announced this week that it had raised $4.5

Technology 109

Technology Fraud Capital Management 109

PYMNTS

DECEMBER 7, 2017

“You have to report to the IRS on a line-item basis every single time you dispose of an asset that results in a capital gain or loss,” he said. The financial regulatory landscape, however, is complex, demanding, and constantly changing, and for blockchain and crypto companies, regulation can often be an uncertainty.

blockchain 131

blockchain cryptocurrency Software Regulation 131

William Mills

SEPTEMBER 9, 2016

I believe SEC regulations require a company to go public if they have more than 500 shareholders. 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. Regulated Financial Institution.

social media 40

social media ATM Mobile Customer Experience 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.

blockchain 78

blockchain Fraud Policies Industry 78

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. Source: Ubitquity .

blockchain 78

blockchain Fraud Technology Management 78

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.

blockchain 40

blockchain How To Technology Fraud 40

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). The Bank Regulator Working for Merchants Award! stake in Valley Bank.

Fintech 195

Fintech Community Regional Technology 195

Gonzobanker

DECEMBER 22, 2015

Regulator Award. The all-powerful banking regulator claimed that car dealers discriminated against minority borrowers—by guessing the race of borrowers based on last names and addresses in loan files, and claimed racism if the people they guessed were minorities seemed to be paying higher rates. ‘Are You Freakin’ Kidding Me?’

Community Bank 60

Community Bank Apple Community Technology 60