PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

Mobile 289

Mobile Boston Fraud Colorado 289

PYMNTS

APRIL 5, 2016

Federal Reserve Bank of Boston President Eric Rosengren delivered a speech yesterday (April 4) at the bank’s 2016 Cybersecurity Conference highlighting the economic and cyber risks financial institutions are facing today.

Boston 100

Boston Fintech Innovation Conference 100

PYMNTS

OCTOBER 3, 2019

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Brex is rolling out a business cash management account to take the place of traditional business bank accounts. Brex Launches Brex Cash To Replace Biz Bank Accounts.

Management 108

Management Fraud Payments Boston 108

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

MARCH 16, 2018

They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics. The profiles provide a perspective on the most common payment types, covering enrollment, transaction flow and reconciliation. Strong stakeholder collaboration is key to maintaining public confidence in the U.S.

Security 100

Security Payments Boston Fraud 100

Celent Banking

APRIL 7, 2017

Many of us at Celent just came back from a busy and exciting week in Boston. The rain and clouds couldn't obscure spectacular views from the State Room overlooking the Boston harbour. Risk Management. Fraud Management and Cybersecurity. Alior Bank S.A., Emerging Technology for Consumers. Bank of America, USA.

Case Study 189

Case Study Boston Risk Management Study 189

PYMNTS

JUNE 29, 2020

Connie Ngo , CertiK’s marketing manager, told CoinDesk in an email that the companies agreed “it would make sense to formally partner with one another as a public promise of Hdac’s focus on security and a symbol of CertiK’s ability to support larger enterprise-level solutions such as Hdac’s.”

blockchain 168

blockchain Security Bitcoin Boston 168

PYMNTS

DECEMBER 11, 2017

Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S. Treasury and financial market, among other responsibilities.

Security 112

Security Kansas City Payments Boston 112

PYMNTS

APRIL 6, 2016

The pair charged — Ross McLellan and Edward Pennings — face a five-count indictment, touching on conspiring to commit securities fraud and wire fraud and also two counts apiece of securities and wire fraud. The indictment itself alleges that the two — during a timeframe that stretched between Feb. 2010 and Sept. 2010 and Sept.

Fraud 100

Fraud Massachusetts Boston Security 100

PYMNTS

DECEMBER 5, 2019

The FPC will also provide education about faster payments and fraud mitigation. “We Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston and a FedNow program executive, said that as a founding sponsor of the FPC, the Fed will be a diligent participant in furthering the council’s priorities.

Kansas City 135

Kansas City Payments Kansas Boston 135

ABA Community Banking

MARCH 29, 2018

Picks Boston Consulting Group to produce research Payments Risk Management Online Security.

Study 40

Study Boston Fraud Risk Management 40

Independent Banker

JULY 31, 2022

Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. I counsel my community banks to be careful about extreme growth in rising rate environments,” says Jim Adkins, managing partner at Artisan Advisors in Barrington, Ill. Play the long game. Connors, Jr.,

Strategy 135

Strategy Community Bank Louisville Community 135

Insights on Business

FEBRUARY 6, 2018

According to Boston Consulting Group, banks across the world have paid nearly USD 321 billion in fines since the financial crisis of 2007 and 2008, as the regulators are more focused than ever on compliance. The current approach to compliance management is not sustainable. Learn more: IBM Financial Fraud Prevention.

Compliance 87

Compliance Analytics Boston Regulation 87

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. He noted there has been additional input from the FedNow Community of 700 members.

Payments 244

Payments Boston System Operations 244

PYMNTS

JUNE 20, 2019

And payments firms are helping restaurants with mobile orders: Square, for instance, is releasing new order management integrations for Square for Restaurants. It will let orders from Postmates, DoorDash and management platform Chowly to join existing provider Caviar in flowing directly into a point of sale (POS) system of a restaurant.

Mobile 116

Mobile Jacksonville New York City New York 116

PYMNTS

OCTOBER 31, 2016

From loyalty to inventory management and data to omnicommerce strategy, there’s no shortage of available features and options for retailers looking to upgrade to full-service payments solutions. Even after a retailer does find a suitable option, integrating the system into their operations can be a challenge.

Payments 100

Payments Boston Retail System 100

PYMNTS

AUGUST 7, 2020

Brainard, Kansas City Fed President Esther George and Boston Fed First Vice President Kenneth Montgomery also noted that the FedNow system will provide another option in a landscape already populated by, for example, The Clearing House Payments Co. (Or Combatting Fraud — And Addressing Competition And Costs .

America 189

America Kansas City Payments Kansas 189

Independent Banker

NOVEMBER 24, 2015

Current best practices in fighting wire fraud. With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Wire fraud incidents nearly doubled to 27 percent in 2014, from 14 percent a year earlier, according to the 2015 AFP Payments Fraud and Control Survey.

Community Bank 70

Community Bank Fraud Atlanta Community 70

PYMNTS

APRIL 11, 2016

“Commerce and financial services have moved online, and identity-based authentication has become a strategic imperative for banks, payments processors, and eCommerce merchants looking to mitigate risk, avoid fraud and comply with growing regulatory scrutiny.”. Zander has also served as president of Sun’s software group.

Boston 100

Boston Leadership Software Online 100

Celent Banking

JANUARY 23, 2017

Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. Risk Management – for the most impressive initiative to improve enterprise risk management. Lending Product – for the most impressive consumer or business lending or collections initiative.

Risk Management 100

Risk Management Innovation Case Study Boston 100

PYMNTS

OCTOBER 22, 2018

fans traveling to Boston for the start of the World Series will want to pack — and possibly purchase for the first time — sweaters, as this week will be an excellent opportunity to enjoy New England’s crisp fall weather. As of September 2018, losses from gift-card fraud have hit $53 million. However, a host of U.S.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

SEPTEMBER 8, 2017

The SEC found the company’s scheme to mark up transition management services generated approximately $20 million in improper revenue for the firm. Levenson, director of the SEC’s Boston regional office, the department which investigated the overcharges. Treasury securities.

Boston 101

Boston Chicago Regional Security 101

Independent Banker

JANUARY 31, 2022

2022 will be a big year as we move from development to pilot testing and begin to engage more with financial institutions in active planning,” says Nick Stanescu, senior vice president, FedNow business executive, the Federal Reserve Bank of Boston. “We Our institution has taken a strong focus on fraud as we prepare for FedNow,” Furey says.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

NOVEMBER 29, 2019

In a feature story, Rich Wessels, treasurer for transportation management and logistics firm Transplace , explains the “chicken-and-egg” dilemma that logistics companies encounter when considering the potential benefits of AP automation. How Spend Tools Feed Food Banks’ Need For Accountability (Bento for Business Spend Management Playbook).

Google 129

Google Mobile Data Capital 129

PYMNTS

JANUARY 19, 2017

Attorney William Weinreb in Boston said in a statement, according to Reuters. In April, prosecutors announced they had indicted two former executives at State Street: Ross McLellan, a former executive vice president, and Edward Pennings, a former senior managing director in the bank’s London office. million (about $37.8

Boston 100

Boston Compliance Security Management 100

CFPB Monitor

FEBRUARY 17, 2021

The authors reviewed instances of fraud, mis-selling and poor customer service (indications of quality) for mortgage products by reviewing CFPB consumer complaints during the period 2012-2016. In each study, the researchers used proxy data based on matching addresses or zip codes to U.S.

Regulation 78

Regulation Study Community Leadership 78

Independent Banker

SEPTEMBER 30, 2021

manages the community bank’s presence across platforms like Facebook, Instagram, LinkedIn and Twitter. Security information and event management (SIEM). Martin says security technologies for the cloud include cloud security posture management, cloud workload protection platform and cloud infrastructure entitlement management.

Community 139

Community Community Bank social media Security 139

PYMNTS

MARCH 17, 2017

With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. One panelist noted that, in general, IT systems are poorly managed, with executives agreeing that it is hard to attract the talent necessary to truly be proactive in the fight against cyberattacks; private and public collaboration is needed.

Innovation 103

Innovation Lending Boston Security 103

Cisco

MAY 29, 2019

And it’s not just about happy customers… Boston Consulting Group data indicates personalizing customer journeys can lead to a 10-30% increase in revenue. Customers will inevitably face data breaches, identity theft, and fraud. Opportunity #1: When opening a new account.

Customer Experience 72

Customer Experience Retail San Diego Study 72

NCR

FEBRUARY 23, 2018

This is a message that US banks appear to be hearing loud and clear, at least according to the findings of a recent study by the Federal Reserve Bank of Boston. However, while consumers in the US have been keen to embrace mobile solutions to manage their finances, many have not yet made the transition to mobile payments.

Mobile 72

Mobile US Payments Study 72

CB Insights

NOVEMBER 9, 2018

Over the same period, however, more than 10 insurers have mentioned telematics or their specific telematics programs in corporate earnings calls, indicating that driving apps are becoming a bigger strategic priority for management teams across the industry. More sophisticated claims handling around accident reconstruction and fraud tracking.

West Virginia 54

West Virginia Boston US Mobile 54

PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. I joked that I’d be a shoo-in for the job. All while keeping prices low for consumers.

Cards 169

Cards Course Study New York 169

Independent Banker

OCTOBER 29, 2014

Epperson, a managing director at the global business advisory firm AlixPartners LLP. Consumer studies the Boston firm has conducted indicate increasing mobile-banking adoption and awareness and use of mobile remote-deposit capture applications. Younger consumers are much more interested in real-time liquidity management,” she says.

Mobile 105

Mobile Community Bank Community Technology 105

Cisco

MAY 29, 2019

And it’s not just about happy customers… Boston Consulting Group data indicates personalizing customer journeys can lead to a 10-30% increase in revenue. Customers will inevitably face data breaches, identity theft, and fraud. Opportunity #1: When opening a new account.

Customer Experience 48

Customer Experience Retail San Diego Study 48

PYMNTS

MAY 27, 2016

Located in suburbs of Boston in the three cardinal directions that don’t lead to the Atlantic, the workspaces-within-a-store will range between 2,500 and 3,500 square feet and will feature dedicated areas for quiet and communication-heavy work. “We Using Data To Stop Data Breaches. Hacking is having a bit of a renaissance moment.

Retail 100

Retail Las Vegas Millennials Conference 100

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. A few days later, PayPal announced plans to purchase fraud prevention and risk management platform Simility. million users, up from 9.2

Branding 100

Branding Cards Fraud Marketing 100

PYMNTS

OCTOBER 20, 2018

The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). Nine years from now, we might be talking about how our self-driving cars also manage all our financial services. Of course, we don’t really expect or even want gifts for our ninth anniversary.

Innovation 177

Innovation Payments Cards Retail 177