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. However, this rapid evolution generates risks,” Rosengren said.

Boston 100

Boston Fintech Innovation Conference 100

PYMNTS

MAY 5, 2020

“Credit unions across the country are on high alert for scammers looking to take advantage of members during the pandemic and are stepping up fraud prevention efforts as a result,” according to PYMNTS’ April Credit Union Tracker® done in collaboration with PSCU. This, in turn, helps mitigate fraud.”.

Fraud 239

Fraud Analytics Boston New York 239

Abrigo

AUGUST 6, 2019

The Financial Crimes Enforcement Network (FinCEN) is tasked with protecting the financial system both within the United States and internationally. Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

Boston 177

Boston Security System Cards 177

PYMNTS

DECEMBER 5, 2019

The Federal Reserve System has joined the U.S. Our payment system is a vital part of America’s infrastructure that touches everyone,” said Esther George, president and chief executive officer of the Federal Reserve Bank of Kansas City. so people can make secure payments anytime or anyplace, with near-real-time funds availability.

Kansas City 135

Kansas City Payments Kansas Boston 135

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

PopularBank

DECEMBER 1, 2021

Some risks are unavoidable, but there are ways to lower the financial impact and reputational risk of fraud, and to measure and reduce its impact. Fraud can be analyzed two ways. The first is the likelihood of the fraud occurring. Security and convenience of payment options.

Online 98

Online Mobile Fraud Boston 98

PYMNTS

OCTOBER 3, 2019

Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent . The rivalry between cybercriminals and the fraud and security teams at banks, which are tasked with stopping their attacks, is incredibly lopsided. And Gerber noted that the attacks are going to keep on coming. .

Management 108

Management Fraud Payments Boston 108

PYMNTS

MAY 12, 2020

He recommends digitizing key components of paper check payments, including the automatic capture of payment data and integration with firms’ enterprise resource planning (ERP) and other back-office systems. It really minimizes the disruption.”. GreenBox POS Adds Same-Day ACH Support. In a statement, Kenneth C.

Payments 130

Payments Fraud Community Boston 130

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.

blockchain 102

blockchain Technology United States Florida 102

PYMNTS

SEPTEMBER 23, 2019

This is a market that Boston-based ButcherBox is catering to by delivering grass-fed, grass-finished meat and other humanely raised, sustainably sourced meat and seafood directly to customers’ doors on a monthly basis. Keeping The Meat Secure. The firm’s growth in customers and revenue did come with an increased risk of fraud.

Fraud 108

Fraud Analytics Oklahoma Security 108

PYMNTS

SEPTEMBER 8, 2017

The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. Treasury securities. Levenson, director of the SEC’s Boston regional office, the department which investigated the overcharges.

Boston 101

Boston Chicago Regional Security 101

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

OCTOBER 31, 2016

But with so many different solutions and combinations of features out there, finding the right system that can fit each business’ needs is difficult. Even after a retailer does find a suitable option, integrating the system into their operations can be a challenge. Around the full-service payments world.

Payments 100

Payments Boston Retail System 100

PYMNTS

AUGUST 3, 2016

It’s providing an enhanced service that everybody is already familiar with, it’s not a brand new payments system where people have to figure out, ‘How do I use this? That’s the value of using a legacy system.”. As Faster Payments become a reality, the issue of fraud is taking center stage. Kenneally explained.

Boston 100

Boston Fraud Strategy Payments 100

PYMNTS

DECEMBER 26, 2018

The financial industry has paid $321 billion in fines just through the end of last year, as estimated by Boston Consulting Group. Traditional AML systems, based primarily on rules, fail to detect suspicious activities as they suffer from several key limitations when attempting to identify money-laundering activities. High IT costs.

Compliance 191

Compliance System eBook Examples 191

PYMNTS

NOVEMBER 29, 2019

The data did not reportedly include password information, Social Security numbers or financial information. That was one of the main messages from a recent PYMNTS discussion featuring Karen Webster and Vaduvur Bharghavan (who goes by VB), the president and CEO of Ondot Systems. That’s how Silicon Valley feels right now.”.

Google 129

Google Mobile Data Capital 129

Independent Banker

JULY 31, 2022

During the pandemic, the Fed bought up massive numbers of mortgage-backed securities, with banks enjoying unprecedented sales levels and gain on sales margins. The days of people coming in to cash their Social Security checks—those are pretty much gone. Staying profitable and secure by warding off IT risk. Strengthen controls.

Strategy 135

Strategy Community Bank Louisville Community 135

PYMNTS

MARCH 25, 2019

That’s not to suggest these closed-loop systems are going the way of the paper ticket anytime soon. Those systems still have to serve everyone, including cash-only customers. Many things had to happen, particularly embedding safety and security around these transactions so this great new innovation doesn’t end up enriching fraudsters.

New York City 179

New York City Los Angeles New York Training 179

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. Penetration testing, or pen testing for short, has become a staple of bank IT security programs because hacking threats are constantly evolving. Elizabeth Judd.

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. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. Connectivity and Collaboration.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

JANUARY 17, 2018

Beyond technology, the fact remains that the age-old way of detecting bad actors — through a rules-based system — is not enough when the regulatory environment is always changing, and malefactors are smart enough to follow the rules … just enough … to slip under the radar. They can move money to Turkey … and elsewhere.

System 102

System Technology Boston Data 102

PYMNTS

SEPTEMBER 17, 2018

This small business is a really small business: a guy working out of a teeny tiny storefront in a little town north of Boston. Seeing those “ buy buttons ” on websites is a cue that on websites and within the marketplaces where those buttons are accepted, the payments experience is certain and secure. The Dislike of the Unknown.

Payments 195

Payments Innovation Boston Branding 195

CB Insights

FEBRUARY 21, 2019

Some big incumbents are already betting on the tech: Real estate giant RE/MAX has entered into several partnerships to explore blockchain use cases, while Hilton Worldwide has begun using a blockchain-based property management system. Financing and payment systems. Table of Contents. Property search process. Property management.

blockchain 78

blockchain Fraud Technology Management 78

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. Features such as end-to-end online account opening and simple, secure ID verification tell customers “we see you, and we value your time.” Financial Services at Cisco Live 2019.

Customer Experience 71

Customer Experience Retail San Diego Study 71

Independent Banker

OCTOBER 29, 2014

As players in the Apple Pay initiative, Visa, MasterCard and ICBA Bancard are working to ensure community bank credit card customers will have full access to the mobile payments system, including its tokenization security measures. Moreover, lingering doubts over the security of mobile channels also surfaced in the Fed’s research.

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. Features such as end-to-end online account opening and simple, secure ID verification tell customers “we see you, and we value your time.” Financial Services at Cisco Live 2019.

Customer Experience 48

Customer Experience Retail San Diego Study 48

PYMNTS

JANUARY 7, 2019

Cars , today, have the capability to meter usage for insurance premium billing, and to order (and pay for) food and fuel from in-vehicle systems. The Ted Williams Tunnel in Boston, by contrast, gets me far less excited, even though I use it a lot. Roughly 55,000 vehicles use it to get in and out of Boston every day.

Mobile 205

Mobile Innovation Apple Study 205

PYMNTS

JUNE 10, 2016

It’s not called the Passport app; it’s called the Boston app, so allowing the businesses to push their own brand has been a big deal in the past three years. Keeping it all secure. Powers noted that one thing that is clearly important to customers, cities and parkers alike, is security. Getting users involved.

Mobile 100

Mobile Payments Training Wisconsin 100

PYMNTS

AUGUST 6, 2016

.” And while that may be somewhat true, it is also true that 25 percent of Harvard students had a perfect score, 75 percent scored between 2,100-2,300 (1,470+ on the 1,600 point system) and only 25 percent had a score below 2,100. Sometimes I work seven days a week and it just never stops, but it’s good money,” says Riseman noted.

Study 100

Study Security New Jersey Course 100

CB Insights

JULY 23, 2020

Beyond the office: cybersecurity and at-home network security. For visitors, who may be outside of the closed-loop system and could pose an additional risk, office lobbies can institute biometric kiosks similar to CLEAR’s in order to provide some form of immunity verification. Challenges: health screens raise security concerns .

Meeting 101

Meeting Tools Survey Company 101

William Mills

MAY 9, 2018

HQ: Boston, MA. Their platform integrates with common mortgage loan origination systems. Fiserv is one of the top two US FinTech companies focusing mainly on core systems. Press & Sales: Colby Ross, colby@projectfinance.io , 603-767-2089. Website: projectfinance.io. LinkedIn: linkedin.com/company/11180527. Key Executives.

Security 40

Security Samsung Strategy San Jose 40

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. Company: Lilliputian Systems. via Beta Boston.

Capital 78

Capital Company San Francisco Operations 78

William Mills

MAY 11, 2016

It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security. Customers can store all of their online profiles in one secure location to improve user experience. Adds in Social security. This is obviously a hot new area of security tech.

Video 40

Video Mobile social media Analytics 40

CB Insights

OCTOBER 26, 2020

Today, this system is showing signs of breaking down — or at least shifting in favor of the massive tech companies that have given investment banks their biggest IPOs in recent years. Unity relied upon a bidding system managed by Goldman Sachs, in which prospective investors were asked to bid on shares in Unity.

Management 78

Management Capital Company Marketing 78

CB Insights

OCTOBER 31, 2017

During this process, it became clear that creating an effective manufacturing and distribution system for a nationwide customer base requires infrastructure that we cannot achieve on our own as a standalone business. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts.

Company 78

Company US San Francisco Capital 78