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. Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions.

System 264

System Las Vegas San Antonio San Diego 264

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 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. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept.

Boston 177

Boston Security System Cards 177

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

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. Kenneth Montgomery, first vice president and chief operating officer of the Federal Reserve Bank of Boston, is taking up the position. Treasury and financial market, among other responsibilities.

Security 112

Security Kansas City Payments Boston 112

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. Checks will be around for a while. They’re foundational, and a lot of people still like using them,” he said.

Payments 130

Payments Fraud Community Boston 130

PYMNTS

MARCH 16, 2018

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

Security 100

Security Payments Boston Fraud 100

PYMNTS

AUGUST 7, 2020

6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. As for a time frame for launching the new system, Fed officials said in a webcast detailing the particulars that FedNow would debut in 2023 or 2024 and would take a phased approach to implementation. FedNow Will Augment Private Systems, Not Replace Them .

America 189

America Kansas City Payments Kansas 189

PYMNTS

JANUARY 30, 2020

An employee’s accidental use of her corporate card to pay for groceries isn’t a crime, but it does fall under the heading of “ friendly fraud ,” which creates friction for the accounting department. Disrupting Paper-Based Systems. SMBs and owners often serve as both CEO and CFO, which means everything is their problem.

Management 130

Management Las Vegas Cards Taxes 130

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

Independent Banker

JANUARY 31, 2022

In 2022, we’ve got some critical milestones around integration testing with all of our Fed systems, as well as pilot testing,” said Connie Theien, senior vice president and director, payments industry relations with the Federal Reserve System, to ICBA members during a November 2021 webinar ( see sidebar below ). payment system.”.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

JUNE 20, 2019

In an era of restaurant technology that provides diners with many choices, mobile order-ahead is more popular than ever with consumers. 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

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

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

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

JANUARY 17, 2018

That’s especially important when the technology in place to “follow the money” is not agile or robust enough to pinpoint suspicious activity. The industry paid $321 billion in fines just through the end of last year, estimated Boston Consulting Group. Regulation and technology must go hand in hand to combat the bad guys.

System 102

System Technology Boston Data 102

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. Contactless technology in the U.S., No more stutter step of buying and reloading a closed-loop transit pass to hop on the train.

New York City 179

New York City Los Angeles New York Training 179

Independent Banker

JULY 31, 2022

The best way for community banks to keep their profitability high is for their control systems to be working properly,” maintains Cathy Ghiglieri, president of Ghiglieri & Company in Pinehurst, N.C. Use technology to drive down costs. But with a handful of branches in a market, you can accomplish quite a bit.”. ?

Strategy 135

Strategy Community Bank Louisville Community 135

CB Insights

FEBRUARY 21, 2019

While historically a “pen and pencil” business, technology has begun to push the global real estate market into digitized approaches. In this analysis, we dig into how blockchain technology could change the real estate industry, and the areas where we’re already seeing its impact. Financing and payment systems. Challenges.

blockchain 78

blockchain Fraud Technology Management 78

Independent Banker

OCTOBER 29, 2014

Large banks and nonbanks, merchants and technology companies are pressing to solidify their inroads into the financial transaction business. Research and everyday observation show how consumers are increasingly using mobile technologies. It’s become a familiar story, usually with a new splash. Ed Bachelder, payments consultant.

Mobile 105

Mobile Community Bank Community Technology 105

PYMNTS

MAY 27, 2016

The weather in Boston – and it’s about darn time. I was reminded yesterday in my digital discussion with the CEO of Forter, Michael Reitblat, that 83 percent of the fraud attacks last year were the result of botnets, besting some of the more “tried and true” tactics like account takeovers and phishing. Angela Ahrendts.

Bitcoin 109

Bitcoin Fraud Mobile Apple 109

PYMNTS

MARCH 17, 2017

With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.

Innovation 103

Innovation Lending Boston Security 103

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. Banks, knowing this, are working through the cost/benefit analysis of making investments in real-time systems when the corporates they are serving have prioritized other things as more pressing.

Payments 195

Payments Innovation Boston Branding 195

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. However, Silsby says technology also can free up time for employees to have more meaningful interactions. Use these 3 technologies to safeguard customer data.

Community 139

Community Community Bank social media Security 139

PYMNTS

JUNE 10, 2016

According to Brad Powers, Passport’s CTO, none of it would be possible without mobile payment technology. In fact, he said, without the rise of mobile payment technology, most parking apps would have never gotten off the ground. Our only reason for this business is mobile payments,” he said. People want to own their brand.”.

Mobile 100

Mobile Payments Training Wisconsin 100

Gonzobanker

DECEMBER 17, 2021

Simultaneously the bank invested in Paladin Fraud, Trabian Technology, and Chartwell Compliance to provide compliance and risk management solutions in the complex and connected web of fintech partnerships. Brandon Dewitt, MX co-founder and chief technology officer. Tom Sargent, CEO, First Technology Credit Union.

Fintech 143

Fintech Strategy Leadership Lending 143

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. In other words, pay no attention to the notion that voice assistants are these clunky, friction-filled technologies that have reached their peak. From LA to San Francisco.

Mobile 205

Mobile Innovation Apple Study 205

CB Insights

JULY 23, 2020

In this report, we dive into some of the technologies that will help address these concerns and influence the future of the office space, from autonomous cleaning solutions to people-counting sensors. Here are some of the new considerations and technologies that may impact each part of Rachel’s working day. Source: Elenium Automation.

Meeting 101

Meeting Tools Survey Company 101

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. Company: AOptix Technologies. Select VC Investors: Bill Gates, CapX Partners, Constellation Technology Ventures. Company: Powa Technologies. Company: Lilliputian Systems. via Beta Boston. A most-wanted founder.

Capital 78

Capital Company San Francisco Operations 78

William Mills

MAY 9, 2018

Again another financial wellness platform using machine learning technology. HQ: Boston, MA. Their platform integrates with common mortgage loan origination systems. A TON of really old technology is being used in mortgage lending. In fact, Fiserv recently sold ALL of their mortgage technology to a PE firm.

Security 40

Security Samsung Strategy San Jose 40

CB Insights

OCTOBER 26, 2020

At the same time, financial upstarts have built technologies that could eventually cut into the relationship-driven work that investment banks are used to doing. But there’s no question that the way these institutions function has shifted, pushed along especially by the financial crisis and technology trends. Table of contents.

Management 78

Management Capital Company Marketing 78

William Mills

MAY 11, 2016

Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Katerina Frolovicheva (MD, Technologies Innovations). Started talking about the challenge of having to change credit cards all the time (due to fraud).

Video 40

Video Mobile social media Analytics 40

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. The feedback was eye-opening and generally the same: “Really great technology and vision. Product: AOptix Technologies.

Company 78

Company US San Francisco Capital 78