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

MARCH 17, 2017

It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. The reason? billion.

Bitcoin 123

Bitcoin Regulation cryptocurrency blockchain 123

PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. The regulation applies to individuals, companies and brokerages, and includes crypto-related activities such as buying and selling, donations, barters, deposits, withdrawals and more.

blockchain 148

blockchain Fraud Data Report 148

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. Lacewell said in a press release.

Regulation 108

Regulation Bitcoin New York Online 108

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

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 On top of these numbers, the New York Attorney General’s Office revealed what they allege is a fraud involving the loss of $851 million by a major cryptocurrency exchange, Bitfinex. billion this year. trillion, 11.5

Report 153

Report cryptocurrency Fraud Bitcoin 153

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

JUNE 24, 2019

The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. There will be perceptual hurdles to clear, and regulators to convince. The Twin Concerns: Bitcoin And Facebook.

Payments 179

Payments cryptocurrency social media Regulation 179

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. However, last month, Van Eck Associates abandoned plans for a bitcoin ETF.

cryptocurrency 134

cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

SEPTEMBER 29, 2017

Just weeks after China banned ICOs, South Korea announced today that it is following suit, with its regulator stating that ICOs for bitcoin and other cryptocurrencies are pushing the market into a “nonproductive speculative direction.”. Several regulatory bodies, including those in the U.S.,

cryptocurrency 124

cryptocurrency Bitcoin Regulation blockchain 124

PYMNTS

OCTOBER 18, 2019

“We know that embracing new technology is necessary for the future growth of our economy, and so, in Bermuda, we are making sure that we are leading the world in facilitating innovation. If existing and new businesses cannot innovate in Bermuda, they will find other jurisdictions to innovate — meaning Bermuda will lose out on opportunities.

blockchain 101

blockchain Samsung Bitcoin Innovation 101

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. The recent payouts by the U.S.

Payments 172

Payments Fraud Security Technology 172

Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

United States 284

United States cryptocurrency Bitcoin National 284

PYMNTS

OCTOBER 26, 2017

In particular, bitcoin – the first and best known unregulated, exclusively digital currency – was trading near $6,000 as of late October 2017, with some analysts predicting that in the future, prices will peak somewhere north of $10,000. “I just don’t believe in this bitcoin thing. . It just doesn’t make sense.

cryptocurrency 101

cryptocurrency Bitcoin blockchain Regulation 101

PYMNTS

JANUARY 1, 2019

Bitcoin (and other cryptocurrencies) had started its major run; everyone was excited. In the panel discussions, the bitcoin proponents were talking about it reaching $100,000. This was what everyone was hoping for — bitcoin was finally taking off, and it was going to be HUGE. As 2018 rolled along, bitcoin dipped.

Bitcoin 168

Bitcoin Payments Conference cryptocurrency 168

PYMNTS

DECEMBER 4, 2020

PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma). Regulatory hurdles still exist, but when PayPal announced that its 350 million users can transact with bitcoin and other cryptocurrencies, the game changed. New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free.

Cards 151

Cards Data Mobile Survey 151

FICO

DECEMBER 17, 2018

Blockchain: Even though Bitcoin, the most famous instantiation of blockchain, had a lousy year , this underlying technology is on fire in novel business applications such as car rentals. The sum and total record of these decisions provides the visibility required to effectively govern models and satisfy regulators.

Analytics 65

Analytics Innovation blockchain Data 65

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. As regulators begin to consider blockchain regulations, many have signaled a desire not to hamper innovation while doing so.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Trends and Typologies. One such AEC increasingly demanded by ransomware criminals is Monero.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Trends and Typologies. One such AEC increasingly demanded by ransomware criminals is Monero.

Fraud 195

Fraud cryptocurrency System Trends 195

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

PYMNTS

OCTOBER 7, 2019

Bitcoin, Libra, instant payments, Open Banking — these were the big subjects on repeat last week, Dobbie told Webster. The questions are about how is this going to work, what are regulators going to do, how are consumers going to react to the emerging field of choices. Instant payment fraud is absolutely a real thing.

Payments 167

Payments Innovation System Security 167

PYMNTS

OCTOBER 20, 2018

We always want to talk to innovators and those who understand them best. Over the last nine years, it has been PYMNTS’ privilege to speak with some of the most innovative minds in payments and commerce. And we have them here, as explained by the innovators that learned them, in real time, on the ground. Really hard.

Innovation 177

Innovation Payments Cards Retail 177

PYMNTS

JANUARY 26, 2017

Traditional payments institutions have grown up with strict rules, regulations and standards for processing, said Frechtling. He noted that alternative payments, while innovative, fast and time-saving, haven’t had the same compliance, risk and security processes built into their core like traditional payment methods.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

Bankelele

JULY 24, 2015

It’s a contest for in which the winner will get a $10,000 prize for using block chains (wikipedia definition: a block chain (database), is sequential transaction database found in cryptocurrencies derived from bitcoin ) to help solve friction in supply chains in any industry.

Bitcoin 28

Bitcoin cryptocurrency Regulation Innovation 28

NCR

DECEMBER 13, 2017

The debate surrounding blockchain – or more specifically distributed ledger technology (DLT) – and its viability for widespread rollout across the global financial system rumbles on, but it seems that we are beginning to see clearer signs of how this area of innovation could have a real impact on the industry.

Las Vegas 76

Las Vegas Payments blockchain Bitcoin 76

PYMNTS

SEPTEMBER 6, 2016

Payments had been relatively static with innovation around cash, checks and credit cards. Then, there was sudden exponential growth in innovation. In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. The Pace Of Business Transformation.

Security 100

Security CA Payments Big Data 100

NCR

JUNE 1, 2016

That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular? They know that many in the market see it as something between a fad and a fraud, and they inform more than they advocate. The high potential for cost-cutting.

blockchain 40

blockchain Bitcoin Michigan Policies 40

PYMNTS

OCTOBER 26, 2016

A key result of this application is in the reduction of paperwork and delays in processing and, therefore, the ability to reduce fraud. Blockchain experts say that improvement especially includes intervening against the cost of fraud, which ultimately adds to the price of goods. And that’s at the international level.

Illinois 100

Illinois blockchain Technology Innovation 100

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

Gonzobanker

NOVEMBER 9, 2015

Lots of talk about innovation and customer experience. One big innovation discussion was that as payments become increasingly ubiquitous, we will continue to see them disappear into the background of transactions, particularly in mobile. Roughly 10% of all the individual track sessions were devoted to blockchain/bitcoin.

blockchain 60

blockchain Bitcoin Lending Innovation 60

PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. The credit score itself, the FICO score, was an innovation brought to market in 1989 by the Fair Isaac Corporation.

Report 202

Report Regulation Data Retail 202

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

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. Being a program manager means handling everything other than card issuing, authorization and transaction processing. Modo Payments.

blockchain 100

blockchain System cryptocurrency Regional 100

Gonzobanker

DECEMBER 17, 2021

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. 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. 82% to over 2.3%

Fintech 147

Fintech Strategy Leadership Lending 147