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.”.

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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

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Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. At the moment we are staying tight-lipped about who won the awards.

Risk Management 100

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Keeping An Eye On Fraud.

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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.

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PYMNTS

JANUARY 8, 2020

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

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PYMNTS

DECEMBER 29, 2016

A paper published by Boston Consulting Group (BCG) described today as a critical moment in banking history as players face pressure from alternative players and corporate clients that demand newer, better services. One thing’s for certain: Corporate banks everywhere need to embrace technology. Fraud Prevention Remains Paramount.

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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.

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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.

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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 intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

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PYMNTS

JUNE 13, 2018

Commodity Futures Trading Commission (CFTC) has the power to fight fraud centered around cryptocurrencies. Those watching the case say that if the court decides against the CFTC, it could affect its ability to police virtual currency frauds. A case involving virtual currency My Big Coin could determine whether the U.S.

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PYMNTS

OCTOBER 31, 2016

To find out how companies can choose the best solutions for their needs, PYMNTS recent caught up with Perry Kramer, vice president of Boston Retail Partners, to talk about the state of the full-service payments industry, the method his team uses when helping retailers find and adopt new payments solutions and what he sees coming down the pike.

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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. In fact, more than half of the companies that were polled in IDology’s Sixth Annual Fraud Report experienced a mobile fraud increase.

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PYMNTS

APRIL 11, 2016

Lauded by the company as a technology visionary, Zander joins a team who will work with IdentityMind Global president and CEO, Garrett Gafke, with the goals of guiding the company’s mobile business strategy and overall direction. IdentityMind Global, a digital identities platform for eCommerce, today announced Edward J.

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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 Finding the right technology partner may be a central part of community bank planning.

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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 .

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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.

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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. Weddings and events are another sector experimenting with card-based spend management efforts.

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PYMNTS

NOVEMBER 18, 2018

According to the Securities and Exchange Commission (SEC) press release issued on November 16, the two technology companies agreed to register their digital token offerings as securities and to pay back investors.

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PYMNTS

AUGUST 3, 2016

As Faster Payments become a reality, the issue of fraud is taking center stage. Beyond fraud, fees have also been a focus of banks and consumers, as many financial institutions are considering charging extra for advanced Same Day features. What’s happening in the world of Faster Payments.

Boston 100

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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. Safer Payments: Improve transaction integrity within all-cashless payment channels with rapid fraud prevention capabilities.

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Celent Banking

FEBRUARY 28, 2017

Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. Join us for the 10 th annual Innovation and Insight Day on April 4 th in Boston. I look forward to seeing you there.

Innovation 100

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Celent Banking

FEBRUARY 28, 2017

Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. Join us for the 10 th annual Innovation and Insight Day on April 4 th in Boston. I look forward to seeing you there.

Innovation 100

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PYMNTS

MARCH 9, 2017

FBI Director James Comey discussed cybersecurity issues at a Boston College cybersecurity conference this week, highlighting that Americans should let go of their expectations of “absolute privacy.”. There is no such thing as absolute privacy in America; there is no place outside of judicial reach,” Comey made clear to the crowd.

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PYMNTS

MARCH 25, 2019

“This is now about one product that works for your entire life,” Kirkpatrick said, noting that Mastercard has already embedded its contactless-enabling technology in 16 metro areas, including Los Angeles, Boston, New York and Denver, “which means this is no longer a change coming on the hypothetical horizon, but one coming very soon.”.

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Abrigo

AUGUST 6, 2019

Financial criminals are working hard, using technology and innovation to their advantage, to stay one step ahead of FinCEN and financial institutions. As the industry evolves and adopts these new technologies, financial crime evolves right along with it, creating new opportunities for criminals, terrorists, and bad actors.

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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.

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PYMNTS

APRIL 26, 2019

According to Brent Feldman, chief marketing officer for Boston-based fast-casual eatery B.GOOD , the best way to figure out what customers wanted out of its app was to listen to them. As is the case for all connected technologies, mobile order-ahead apps are constantly at risk for cyberattacks.

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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

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William Mills

AUGUST 17, 2016

Alternative lenders are learning more about fraud to their dismay and access to capital. This conference series is focused exclusively on showcasing the best and most innovative new financial and banking technologies. The MBA Annual conference is October 23-26 at the Hynes Convention Center in Boston. AFT Fall Summit.

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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

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PYMNTS

DECEMBER 1, 2016

Boston-based company Cybric is a relative newcomer on the cybersecurity scene, but it’s re-envisioning how developers test the security of their applications. “If Cybric’s technology enables security testing and scanning to happen continuously, keeping up with the demand on developers without compromising security.

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Security Boston Operations Innovation 100

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.

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PYMNTS

OCTOBER 20, 2018

The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). No matter how good the technology you built is, payments is hard. When we started Square, the hardware, the servers, the technology was working in three weeks. Really hard. James McEveley , co-founder, Square.

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PYMNTS

OCTOBER 3, 2019

The competition between cybercriminals and the fraud and security teams at banks, tasked with stopping their attacks, is incredibly lopsided. The fraud and security teams have to get it right 100 percent of the time to maintain their position of trust across the financial services ecosystem. The Multi-Tiered Fraud Fight .

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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.

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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.”.

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