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

PYMNTS

JULY 31, 2018

A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. The price of bitcoin, after briefly slipping below $8,000, was down 0.8

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Perficient

SEPTEMBER 16, 2022

Consumer protection – Concern for the consumer was emphasized throughout the letter as the FRB highlighted risks to the public due to price volatility, misinformation, fraud, as well as the outright loss or even theft of assets. The letter highlighted mandatory compliance with the following federal regulations: The Bank Holding Company Act.

Compliance 275

Compliance Risk Management System Regulation 275

PYMNTS

JANUARY 6, 2019

In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”.

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blockchain Bitcoin Compliance Regulation 160

PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., The price of bitcoin reached $607.31

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PYMNTS

JULY 9, 2020

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. It will also contemplate a block “to comply with a law, regulation or legal order from a duly recognized U.S. authorized authority, U.S.

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Bitcoin cryptocurrency blockchain Report 160

PYMNTS

AUGUST 23, 2019

As lawmakers and regulators focus their attention on the industry, it is more critical than ever that cryptocurrency businesses demonstrate compliance best practices,” said John Dempsey, VP of product at Chainalysis.

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PYMNTS

MARCH 31, 2017

However, Ed Adshead-Grant, GM of payments and cash management at Bottomline Technologies , noted that this isn’t much of a surprise. Combating Bad Bitcoins. A number of security and fraud risk elements are still hanging a dark cloud over the progress cryptocurrencies have made in recent years.

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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.”.

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PYMNTS

JUNE 18, 2019

In other news, malicious apps have managed to get around Google ’s security-enhancing measures, accessing one-time passwords (OTPs) and SMS-based two-factor authentication (2FA), as well as some email-based 2FA systems. According to The Citizen , “Bitcoin Wallet” promises returns of 100 percent in 15 days. Why would they?”

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PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

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cryptocurrency Fraud Security Bitcoin 193

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.

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PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. We have a standing Crisis Management Team continually reviewing new information as it comes in.

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cryptocurrency Bitcoin New York Regulation 150

PYMNTS

JANUARY 31, 2020

And finally, there’s bitcoin, which has seen its use, transacting, trading and popularity fall off of late — except for among one group: criminals. And, speaking of things that may not be the future of financial services… Bitcoin, The Currency Of Digital Crime . But that future won’t be built by bitcoin.

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PYMNTS

OCTOBER 30, 2017

China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. The government official reportedly said the regulation has already seen some successes. Bitcoin started the year at around $1,000 and is now trading at over $6,000.

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PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies.

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PYMNTS

AUGUST 5, 2016

So, we all know this – chip cards were not going to fix the problem of fraud at the POS. And NCR researchers at the Black Hat conference this week confirmed that story when they presented a way for the bad guys to commit fraud using chip cards. What would is encrypting data at the POS. Fizzle times a couple billion.

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PYMNTS

APRIL 6, 2018

According to news from The Wall Street Journal , citing South Korean prosecutors, officials detained Kim Ik-hwan, the chief executive of Coinnest — the country’s sixth-largest cryptocurrency exchange based on bitcoin trading volume — and the head of another bitcoin exchange that was not named.

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Bitcoin cryptocurrency blockchain Management 108

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.

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social media cryptocurrency Regulation United States 116

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. Cross-Border Friction — And Bitcoins And Blockchain.

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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. Department of State has also expressed support for the exploration of DLT.

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PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

APRIL 14, 2017

Primarily, blockchain technology is being used in the finance world among various monetary entities to securely transfer bitcoins or make monetary transactions. As such, there are no formal regulations, which some say is why it has yet to move into more mainstream uses.

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blockchain Bitcoin Regulation Technology 107

PYMNTS

MARCH 12, 2018

But might there be digital offerings in the wings that will supplant the promise (and peril) of bitcoin and its digital currency brethren? Cooke argued that bitcoin and blockchain have their place and use cases in the world. The central problem of bitcoin and the whole concept of cryptos? “By The future of payments.

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PYMNTS

AUGUST 13, 2018

dollars, has been surging in trading — with daily trading volume around $3 billion, behind only bitcoin. The company that controls Tether says it has the reserves — but it hasn’t named the banks where the money is being held, nor would it say where the banks are based and if they are regulated. dollar fully.

US 100

US Bitcoin Report Compliance 100

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

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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.

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PYMNTS

JANUARY 26, 2017

Traditional payments institutions have grown up with strict rules, regulations and standards for processing, said Frechtling. Frechtling outlined ways that G2’s whitepaper found cybercriminals have managed to take advantage of alternative payment systems and cryptocurrencies to run illicit activities.

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Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. The Comeback Investment of the Year Award – Bitcoin (BTC).

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NCR

DECEMBER 13, 2017

R3, an enterprise software firm that works with more than 100 banks, financial services providers, regulators and other groups, recently announced a cross-border payments solution based on the Corda DLT platform. Perhaps surprisingly, the winner was Bitcoin – the cryptocurrency that introduced the blockchain concept to the world.

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CB Insights

JULY 20, 2017

Primary categories: Compliance: Companies in this category offer products and services for helping financial institutions meet cybersecurity related regulatory requirements such as Anti Money Laundering (AML), Know Your Client (KYC) regulations, and more. Other companies include Chainalysis , a provider of AML software for bitcoin.

Security 30

Security Company Compliance Marketing 30

FICO

APRIL 23, 2019

In between coloring eggs, if you picked up a paper or scrolled through a news site, you probably would have seen the news that $130 million cash was found at the house of the ousted president of Sudan and how the US government foiled a money laundering operation by drug traffickers using bitcoins. Money never sleeps, as they say.

Analytics 40

Analytics Compliance Fraud Analysis 40

PYMNTS

SEPTEMBER 6, 2016

In the last four years, we’ve had the adoption of bitcoin, Samsung and Apple Pay and the explosion of FinTech,” said Jenkins. Citing the PYMNTS Global Fraud Attack Index , Jenkins explained that there were 27 fraud attacks for every 1,000 transactions in Q4 2015, an increase of 215 percent over 12 months.

Security 100

Security CA Payments Big Data 100

Tomorrow's Transactions

NOVEMBER 7, 2014

Defending critical infrastructure from attackers ranging from Eastern European gangsters to agents of foreign powers and from management consultants to the HR department is obviously crucial to organisations that want to prosper in the digital economy. Crime & Fraud People cybercrime cybersubversion cyberterrorism risk analysis'

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Analysis Bitcoin Fraud Cyber Security 58

PYMNTS

FEBRUARY 28, 2018

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

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NCR

MARCH 25, 2016

Enterprise deployments of the technology can reduce reconciliation and fraud remediation costs, while easing the deployment of innovative digital services. Bitcoin’s success has brought a lot of attention to the concept, but it’s not new. But to truly appreciate its potential benefits, bank executives will have to move beyond the hype.

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blockchain How To Technology Fraud 40

PYMNTS

JANUARY 1, 2021

The Office of Foreign Assets Control stated in announcing the deal: "As a result of deficiencies related to BitGo’s sanctions compliance procedures, BitGo failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its non-custodial secure digital wallet management service. If the U.S.

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