PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM announced a collaboration with Raw Seafoods to develop a blockchain solution to address supply chain fraud in the seafood industry, including cases of incomplete documentation and mislabeling.

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Fraud blockchain Ohio Survey 111

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

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blockchain National New York cryptocurrency 113

PYMNTS

JANUARY 3, 2019

BitTorrent CEO Justin Sun, who is also the founder of TRON, said in an announcement , “In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”.

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Bitcoin blockchain cryptocurrency National 167

PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. While bitcoin is not backed by assets, the BOT’s cryptocurrency will be supported by assets like the international reserve of the nation.

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Bitcoin Fraud cryptocurrency Lending 148

PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 billion in fraud and theft seen last year.

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Fraud Report cryptocurrency National 130

PYMNTS

SEPTEMBER 30, 2020

And, the SEC said that SALT Blockchain has to provide a reimbursement to clients that bought SALT tokens in a 2017 initial coin offering (ICO), Decrypt reported. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency. The ICO landed $47 million between June and December 2017.

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Florida Lending blockchain National 151

PYMNTS

DECEMBER 2, 2019

The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. 29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain.

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blockchain System Cyber Security Technology 132

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. government isn’t the only jurisdiction going hot and cold on blockchain.

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blockchain Fort Worth Bitcoin Regulation 133

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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Fraud blockchain System Cards 158

PYMNTS

APRIL 26, 2020

The site, coronaprevention.com, was posted on a hacker’s forum the day after the virus was declared a national pandemic by the President, according to a complaint. The owner of a site that wanted to sell fake coronavirus cures and accept payment in bitcoin has been seized by the U.S. Attorney’s Office for the District of Colombia.

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Bitcoin blockchain Fraud New York 154

PYMNTS

FEBRUARY 21, 2017

Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of the most manual and least secure corporate payment technologies in use today, it could be a good place for blockchain disruption to start.

blockchain 102

blockchain Fraud Innovation Fintech 102

PYMNTS

NOVEMBER 13, 2018

startup in the blockchain field called Axoni , Cryptovest reported. In other news, a consortium called VAKT Global is seeking to create a blockchain platform for the energy industry, Coindesk reported. HSBC , the U.K. bank, is backing a U.S. It also plans to enhance its technology for data synchronization.) ”

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blockchain Bitcoin Software Industry 169

Abrigo

APRIL 18, 2022

Cryptocurrencies are a subset of digital assets and are decentralized networks based on blockchain technology. Learn how your institution compares with peers when it comes to fraud prevention. National objectives in cryptocurrency policy. national interest must inform our approach to digital asset innovation. Priorities.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

JULY 23, 2019

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according to China Daily reports last week. JD.com, Suning.com Spark Concerns. for Finance and Development’s Deputy Director Zeng Gang in an interview with China Daily.

Fraud 128

Fraud Regulation Report Management 128

PYMNTS

SEPTEMBER 3, 2018

In the continuing swirl of headlines that seem to blur and blend cryptos, blockchains and developing nations, a number of collaborations between large tech firms, traditional financial institutions (FIs) and FinTech upstarts stood out. Blockchain technology, he said, may boost transparency between trading firms.

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blockchain Fintech System cryptocurrency 102

PYMNTS

JUNE 13, 2018

PayStand , a B2B payments company powered by blockchain, is launching in Canada. In an effort to combat fraud, the company introduced blockchain-powered payment certification and notarization in 2016. “As By using the blockchain, we’re giving businesses the opportunity to eliminate human error.”.

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blockchain Payments Fraud Industry 109

PYMNTS

SEPTEMBER 15, 2016

One blockchain company claims it’s nearly done it. “While many banks have started proof of concepts to explore the use of blockchain technology, BlockCypher customers are already in production,” the company said in its press release. . Reports on Wednesday (Sept. “It’s too expensive and slow. ”

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blockchain Payments Fraud National 100

PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. via our contacts and knowledge of U.S. via our contacts and knowledge of U.S.

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blockchain Tools Compliance Security 100

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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Bitcoin Regulation blockchain Delaware 132

PYMNTS

JULY 1, 2019

Haiti has seen a blockchain boom. Another initiative, the Blockchain Cotton Project (BCP), is set to help the country produce millions of pounds in cotton. Plastic Bank has partnered with IBM to launch a recycling initiative via blockchain. Plastic Bank has partnered with IBM to launch a recycling initiative via blockchain.

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Bitcoin blockchain social media New York 100

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. Cost savings, mitigation of forex volatility, faster settlement, greater efficiency and reduced processing time are all some of the potential benefits of blockchain, the group added.

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blockchain System Groups National 100

PYMNTS

JUNE 5, 2017

Last week we saw hackers prove there’s no such thing as vacation when there’s consumer data to steal, Wells Fargo continued its great rebuilding with a round of executive reorganization and Canadians said “no thank you” to the blockchain — but very politely, as is their custom. Chipotle will be liable for any fraud that results.

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blockchain Leadership System Cards 109

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. Blockchain-Based Security Methods. More than 4.5

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Security blockchain San Francisco United States 129

PYMNTS

OCTOBER 26, 2016

The “Fabric Of Our Lives” found itself softly in the hands of blockchain this week. Eighty-eight bales of cotton became part of, arguably, one of the biggest breakthroughs in blockchain this month, all through the first global trade shipment and transaction between independent banks depending on blockchain as a ledger.

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Illinois blockchain Technology Innovation 100

CB Insights

FEBRUARY 21, 2019

Blockchains are becoming a key enabler of this digital transformation (in a similar way to how the emerging tech is disrupting other long-established industries like banking and insurance ). GET the 47-page blockchain TRENDS report. Why blockchain tech could benefit the real estate industry. Table of Contents. Challenges.

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blockchain Fraud Technology Management 78

PYMNTS

SEPTEMBER 7, 2020

The Australian Services and Investments Commission (ASIC) has banned John Louis Anthony Bigatton, who was the Australian national representative for crypto platform BitConnect, from engaging in financial services for the next seven years after he was found to be engaging in deceptive practices, a report from Financial Standard finds.

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Bitcoin Fraud Payments cryptocurrency 132

Abrigo

JULY 22, 2022

And while their privacy and security are excellent, cryptocurrency networks do not yet have regulations in place in case of hacks or fraud , so consumers who fall victim to financial crime have no recourse to recover. Characteristics of crypto fraud and money-laundering. Fraud Prevention. Fraud Prevention. Learn More.

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cryptocurrency FDIC Regulation Fraud 195

PYMNTS

MARCH 3, 2020

House Committee Eyes Blockchain for SMBs. House of Representatives Committee on Small Business is ready to hold a hearing this week to discuss the potential impact and benefits of blockchain for the nation’s small businesses, Yahoo! Finance reported last week. Australia Eyes Cash Ban Bill.

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Innovation Payments blockchain National 130

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

MARCH 29, 2019

s national fraud helpline has found that in the 12 months leading up to March 19, investors lost over £15 million ($19 million) to bitcoin scams. Action Fraud found that more than 1,200 victims lost a total of £15,248,130 ($19 million), while over £41,000 ($53,000) per day was lost to scammers, according to The Next Web.

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Bitcoin blockchain Fraud cryptocurrency 116

PYMNTS

DECEMBER 18, 2019

New research from Tipalti, conducted by Levvel Research, found that when it comes to cross-border B2B payments, wire transfers remain the most common method (cited by 69 percent of survey respondents), despite the high fraud risks and sluggish speed of the tool. Accenture Backs Blockchain. MUFG’s Unconfirmed Digital Currency.

Payments 132

Payments blockchain Innovation National 132

CFPB Monitor

JANUARY 7, 2021

On January 4, 2021, the Office of the Comptroller of the Currency (“OCC”) published an Interpretive Letter clarifying the authority of national banks and federal savings associations to participate in independent node verification networks (“INVN”) and use stablecoins to conduct payment activities and other bank-permissible functions.

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cryptocurrency blockchain Payments National 78

PYMNTS

AUGUST 7, 2019

This led the National Institute of Standards and Technology (NIST) to issue guidance after the 2017 Equifax breach that prohibits the use of knowledge-based verification among government agencies. Blockchain. The pros of using blockchain for digital ID security is that these systems store data in. The downside?

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Knowledge Base blockchain Security System 185

PYMNTS

AUGUST 12, 2020

A group of the country’s mayors, the Bolivarian Council of Mayors, has signed onto the government’s “National Tax Harmonization Agreement” that would allow 305 municipalities in the country to pay taxes with the Petro.

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Taxes Bitcoin cryptocurrency New York 160

PYMNTS

JANUARY 7, 2021

As is always the case whenever information — and, particularly, sensitive data — might be shared, people are worried about fraud, how safe that data might be, and whether it is ethical to share health-related events at all. Blockchain, he said, offers an immutable way to log and store information — and protect privacy.

Data 362

Data blockchain Course Industry 362

NCR

AUGUST 18, 2017

Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Why banks are excited about blockchain. Financial institutions are exploring blockchain for its potential to reduce costs and streamline processes.

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blockchain Technology cryptocurrency Study 75

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. There, people need to change a nation's money for cryptocurrency that isn’t regulated by a government or connected with it. But they have grown in popularity in markets that are not stable.

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