PYMNTS

APRIL 7, 2017

With President Trump’s claim of voter fraud on a massive scale in the 2016 presidential election, it may be time for the country to rethink its voting process. This isn’t the first time that there have been issues with voting in the United States — or wild claims of voter fraud. While there are currently no voting systems in the U.S.

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PYMNTS

NOVEMBER 19, 2019

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. Earlier this year, the British Virgin Islands partnered with blockchain firm LIFElabs.io

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PYMNTS

APRIL 4, 2018

MonetaGo is rolling out India’s first blockchain network, a solution aimed at addressing the risk of fraud in the trade finance market. According to MonetaGo Chief Executive Jesse Chenard, between 1 and 2 percent of invoice financing around the globe is subject to fraud.

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blockchain Fraud Tools Report 118

PYMNTS

JULY 14, 2019

The Brazilian state of Bahia has rolled out a blockchain application to monitor the public bidding process of contracts with the government, Cointelegraph reported. Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain.

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PYMNTS

NOVEMBER 9, 2016

Blockchain may be building bridges quicker than expected. Quite possibly, the biggest blockchain news this week was that Swedish bank SEB announced that intends to build a blockchain channel between New York and Stockholm to enable customers to make real-time transfers, as soon as next year.

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New York blockchain Fraud Cards 175

Perficient

FEBRUARY 22, 2023

The Summit brings together experts in the field, including bank executives, technology vendors, and consultants, to discuss the latest advancements in automation and its impact on the banking industry. Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit.

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PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. Engadget reported that Jeff Tran, Microsoft ’s former director of sports marketing and alliances, was charged with five counts of wire fraud. Wire fraud has a sentence of up to 20 years’ imprisonment. Fraud On The Rise. Payments Fraud No Cakewalk.

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PYMNTS

JULY 3, 2019

ANZ , Commonwealth Bank , IBM , Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the bank guarantee process needed for retail property leases. We have created a blockchain-based platform to digitize the bank guarantee ecosystem.

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PYMNTS

APRIL 28, 2017

Although it’s still in its infancy stage of being used outside of the financial arena, blockchain technology is slowly showing signs of impacting other industries. On the tip of everyone’s tongue in the digital advertising arena is blockchain technology.

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Perficient

AUGUST 1, 2022

This product represents Salesforce’s initial entry into blockchain technology. Adam Caplan, Salesforce’s Senior Vice President of emerging technology, explained said that the software targets brands who want to drive engagement and provide their customers with special event access via NFTs rather than sell works of art.

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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

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated. ” However, that’s only the beginning.

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PYMNTS

FEBRUARY 1, 2019

IrisGuard, an iris-recognition solutions company, and Patientory, a cybersecurity healthcare data solution firm, are collaborating to combine iris biometric technology with the healthcare focused PTOYNet blockchain network, to add another layer of security and authorization on the blockchain, and help with patient identity procedures.

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PYMNTS

JULY 1, 2019

Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments. We are now in the trough of disillusionment.”.

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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 technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data.

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PYMNTS

OCTOBER 17, 2018

Business services conglomerate Accenture is expanding its blockchain solution offerings with the development of a procurement platform launched in Thailand. Accenture integrated its blockchain architecture into R3 ‘s Corda open-source blockchain platform to create the tool, the company said. ” .

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PYMNTS

JUNE 2, 2020

Amazon Technologies Inc. In separate news, IBM and Chainyard, the blockchain consultancy, unveiled a supply chain management blockchain network called Trust Your Supplier, which aims to bolster supplier validation, life cycle data management and onboarding. Gartner Inc.,

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PYMNTS

NOVEMBER 19, 2018

The World Blockchain Trade Consortium (WBTC) officially launched this week in Singapore with the aim to utilize blockchain technology to lower costs, reduce risk and increase funding to SMEs. For lenders, it seeks to reduce the perennial risks associated with invoice fraud or multiple invoicing.

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PYMNTS

JANUARY 16, 2020

However, to do so, these companies will need to make some adjustments to their fraud protection strategies. Implementing a layered anti-fraud approach that utilizes several technologies could help protect against bad actors looking for vulnerabilities. The Latest Fraud Decisioning Developments.

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PYMNTS

NOVEMBER 10, 2020

But in the decade since bitcoin’s debut, technologies have evolved in the payments ecosystem that are helping set the stage for cryptos to become more widely adopted. Crypto has been held up by critics as a conduit to fraud and money laundering. The Difference A Decade Makes .

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PYMNTS

OCTOBER 5, 2016

Blockchain technology has allowed businesses to eliminate unnecessary, not to mention costly, intermediaries and significantly reduce international cross-border payment processing time from weeks to a day. The blockchain solutions are intended to make the payments process more efficient and transparent for consumers.

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Payments Source

MARCH 21, 2019

However, before we put all of our eggs in the blockchain basket, we need to examine whether the technology is ready to protect merchants from chargebacks and fraud, contends Suresh Dakshina, president of Chargeback Gurus.

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PYMNTS

AUGUST 24, 2020

Huawei has created a technology based on the blockchain to help the Beijing government more effectively monitor and supervise citizen information, CoinDesk reported. Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers.

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PYMNTS

JULY 23, 2020

YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud, according to court documents. In other news, Ant Group , the FinTech arm of Chinese eCommerce company Alibaba , has launched its own new blockchain brand called AntChain, according to The Block.

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PYMNTS

NOVEMBER 14, 2018

To be certain of taxes, will blockchain seal the deal? Last week, Thailand’s Revenue Department was reported to be bringing blockchain projects into the fold to track tax payments, aided by machine learning. The machine learning aspect will be used in an effort to uncover fraud. Bread By Blockchain.

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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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PYMNTS

MARCH 11, 2019

CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services.

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PYMNTS

FEBRUARY 6, 2019

Proper care, consumer and insurance payments flow, and fraud prevention all depend on those factors. That leads us to the latest discussion about the potential role that blockchain can play in healthcare data. Then, regulators can see tangible use cases” that prove the appeal of blockchain in the healthcare space.

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PYMNTS

DECEMBER 20, 2019

Among the inventive ways that companies are fighting digital fraud in 2020 is Teradata’s new concept of analyzing computer mouse movements, as it turns out that hackers move their mice very differently than regular people. Fraud prevention tech has to scale. Clean’ and ‘Friendly’ Fraud are Neither. That’s “clean” fraud.

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PYMNTS

JULY 20, 2017

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money.

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PYMNTS

JUNE 15, 2018

Payments firm Wirecard is expanding its presence in the B2B payments market, and is deploying blockchain technology in the process. An announcement on the company’s website on Thursday (June 14) said Wirecard is expanding its B2B services, using blockchain to connect merchants with producers.

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PYMNTS

AUGUST 5, 2019

International Business Machines Corp (IBM) and blockchain consultancy Chainyard have announced a new blockchain network for supply chain management designed to improve supplier validation, onboarding and life cycle information management, IBM said in a press release on Aug. The new blockchain network is called Trust Your Supplier.

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

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PYMNTS

NOVEMBER 13, 2020

Technologies such as automation and blockchain are thus receiving more attention from businesses, especially as the volume of data that accompanies cross-border transactions expands. The growing threat of fraud is perhaps the most critical adversary businesses are confronting during the pandemic. companies losing roughly $1.77

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PYMNTS

FEBRUARY 3, 2017

In a recent study of 200 government leaders from 16 countries, IBM’s Institute for Business Value (IBV) looked specifically at blockchain technology as a possible solution for securely sharing sensitive data. On blockchains, data can be shared widely, seamlessly and, when needed, anonymously.

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PYMNTS

JUNE 13, 2017

Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. We anticipate that Cheque Chain will dramatically reduce cheque frauds in this market, helping us provide our customers greater peace of mind and security.”.

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blockchain Fraud Security Report 124

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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