PYMNTS

MARCH 17, 2017

With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. So take all the security, administrative and efficiency problems that come with being cash only — but writ large.

Innovation 103

Innovation Lending Boston Security 103

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. A Shift From Proactive From Reactive.

Fraud 156

Fraud Security System Cards 156

PYMNTS

FEBRUARY 4, 2019

And retailers are integrating new POS solutions into their brick-and-mortar stores: Toshiba Global Commerce Solutions recently announced that its TCx 300 system would arrive in all of Roche Bros.’ To begin the process, the retailer was said to bring 100 POS systems and accompanying TCx displays into seven of its stores.

Innovation 126

Innovation Retail Mobile Massachusetts 126

Independent Banker

NOVEMBER 30, 2021

But the average consumer doesn’t imagine a scam involving a hybrid of social engineering and domain name system impersonation that can result in remote access to one’s entire device.”. These systems, he adds, make sure that the Social Security number, name and birth combination match and that the individual in question is not deceased.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

JANUARY 25, 2018

In an interview with PYMNTS, CEO and Founder of Reviver Auto Neville Boston said that for the firm, which traces its genesis to 2009, the “initial thought process was simplifying the registration process. It’s about fixing a broken system with technology,” he said, “and then working in concert with the DMV or DOT to that desired end.”.

Boston 128

Boston California Michigan Georgia 128

PYMNTS

SEPTEMBER 17, 2020

In notes on its most recent (August) meeting of the bank’s Payments System Board, the members said that “at present there is not a strong public-policy case for issuance in Australia, given that the electronic payments system in Australia compares very favorably with those in many other countries and access to cash remains good.”.

Policies 181

Policies Boston Examples ATM 181

PYMNTS

DECEMBER 7, 2018

Cross River, which did not disclose its valuation, said it will use the funding to invest in its compliance infrastructure and expand staff levels as it continues to collaborate with FinTech startups, allowing them to gain access to Cross River’s client base without needing to secure their own banking license. Wise Systems.

Analytics 176

Analytics Data Capital Software 176

PYMNTS

DECEMBER 26, 2018

Treasury’s FinCEN and Federal Banking agencies issued a joint statement encouraging innovative industry approaches to combating money laundering, terrorist financing and other illicit financial threats. The financial industry has paid $321 billion in fines just through the end of last year, as estimated by Boston Consulting Group.

Compliance 191

Compliance System eBook Examples 191

Abrigo

MAY 8, 2024

But Boston Consulting Group (BCG) says generative AI serves a fundamentally different purpose than predictive AI, which is the powerful tool with which many financial institutions are already familiar. No customer data is fed into the system and it's not available to anyone outside the bank, which has $45 billion of assets.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

OCTOBER 3, 2019

The rivalry between cybercriminals and the fraud and security teams at banks, which are tasked with stopping their attacks, is incredibly lopsided. The fraud and security teams have to get it right all of the time to keep their position of trust, but the cybercrime gang only has to get it right once — one crack and they are in.

Management 108

Management Fraud Payments Boston 108

PYMNTS

MAY 12, 2020

In this week’s examination of payment rail innovation, PYMNTS explores the latest efforts to tackle B2B payments pain points. 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.

Payments 130

Payments Fraud Community Boston 130

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. But to remind all of us that payment innovations are only as good as the certainty those innovations deliver to their intended users. Or to buff up PayPal. Distress creates friction.

Payments 195

Payments Innovation Boston Branding 195

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

MAY 10, 2018

Late April saw the debut of the HOLO card, used for Oahu Transit, a project in which the cards are to be used across the system’s busses and a rail system being built out over the next several years. The bus system carries 70 million people annually, a ridership that, of course, includes tourists. How bustling?

Hawaii 100

Hawaii Cards Honolulu San Francisco 100

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. Rightsize mortgage departments. 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

PYMNTS

DECEMBER 20, 2019

The world of B2B payments saw its latest significant acquisition play this week with Boston-based private equity firm Great Hill announcing its intention to acquire VersaPay, a company that provides cloud-based invoice-to-cash solutions. It is created around the idea that smart home devices should be seamless, reliable and secure.

Payments 131

Payments Google Apple Boston 131

PYMNTS

DECEMBER 21, 2020

You can see it in how investors are putting money to work in both consumer-facing and B2B startups, and how startups and incumbents are forging new partnerships to move innovation faster to market. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Apple 227

Apple Study Innovation Survey 227

PYMNTS

SEPTEMBER 27, 2019

DD Perks leverages a points-based system to foster return visits, and it is similar to many of its competitors’ offerings. Many customers were hesitant to do so, fearing security breaches. Further innovations in its mobile app, rewards programs and AI will be critical if Dunkin’ wants to maintain its presence.

Mobile 117

Mobile New York City Analytics United States 117

PYMNTS

JANUARY 7, 2019

This is the year that everyone takes a critical look at the innovations they’ve pursued over the last decade to decide what’s worth taking forward into the decade of the ‘20s and what’s best left behind in the decade whose door will close 358 days from today. Roughly 55,000 vehicles use it to get in and out of Boston every day.

Mobile 205

Mobile Innovation Apple Study 205

PYMNTS

SEPTEMBER 9, 2016

Connected2Fiber uses predictive artificial intelligence to connect telecom suppliers with corporate buyers, while providing a secure, cloud-based platform for its clients to exchange network intelligence. This startup is laser-focused on one B2B industry: telecom networks. million in seed funding, announced on Thursday (Sept. B2B eCommerce.

Capital 100

Capital Boston Management Report 100

NCR

OCTOBER 3, 2016

With a potential implementation date of early 2018, the system would enable personal customers to share data securely with other banks and third parties, allowing management of accounts with multiple providers through a single app. Image Credit: iStock/Franck-Boston. ” Staying competitive.

Retail 98

Retail Boston Industry Management 98

PYMNTS

AUGUST 13, 2018

Most consumers say they prefer to make payments online, thanks to the speed and convenience of online portals, but the Federal Reserve Bank of Boston claims that more than 80 percent of rent payments are still paid with paper checks or cash — despite frictions that plague such payments, like slower transaction times and security flaws.

Payments 100

Payments Online Millennials Boston 100

Insights on Business

NOVEMBER 12, 2018

According to the Boston Consulting Group , there have been more than $321 billion in regulatory compliance penalties levied globally since the financial crisis of 2007- 2008. The interface was designed for an enterprise-wide deployment that requires no dedicated training that can be deployed system-wide.

Compliance 107

Compliance Technology User Experience Analytics 107

PYMNTS

MARCH 14, 2016

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” It’s secure, it’s cheap, it’s faster than a speeding bullet. We profile innovators on PYMNTS.com every day.

Bitcoin 100

Bitcoin blockchain Video Apple 100

PYMNTS

SEPTEMBER 24, 2018

Over the years, of course, long-armed women were replaced by the automated switching systems that evolved to become the backbone of the telephone switching systems that are in place today. She stayed with Bell and the Boston Telephone Dispatch Company for more than 30 years until her retirement. million vehicles.

Google 190

Google Branding System Apple 190

CB Insights

MARCH 27, 2019

Read our future of data security report for more on this topic. ). It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security — especially as several have fallen victim to data breaches themselves. Collectively, FAMGA has poured nearly $2.5B

Google 76

Google Apple Security Data 76

PYMNTS

APRIL 30, 2018

Store count isn’t everything,” CEO Suzanne Greco told The Boston Globe. Subway’s domestic system sales fell 4.4 The retailer said it has secured $725 million in debtor-in-possession financing as the case proceeds through bankruptcy court. Subway has 44,000 locations worldwide, all of them independently owned.

Retail 100

Retail Branding Boston Washington 100

CB Insights

DECEMBER 11, 2017

The companies were selected from a pool of 2,000+ startups based on several criteria, including investor profile, tech innovation, team strength, patent activity, mosaic score, funding history, valuation, and business model. Boston-based Cybereason is close to reaching Unicorn status. Shape Security. $ Vicarious Systems. $

Industry 78

Industry Capital Compliance Analytics 78

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

CB Insights

MARCH 13, 2019

New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Company Description: The San Francisco company develops internet-connected sensor systems that enable clients to leverage physical data in decision-making. Samsara Networks. Valuation: $3.6B. Total Funding: $215M.

San Francisco 77

San Francisco Company US California 77

William Mills

MAY 9, 2018

How they describe their product/innovation: Project Finance is a personal finance application that shows users the future of their finances based on all the choices and decisions they’re making today. HQ: Boston, MA. Their platform integrates with common mortgage loan origination systems. Website: projectfinance.io.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

AUGUST 5, 2016

For a startup that’s done some pretty heavy lifting to successfully recruit merchants to join an innovative new eCommerce platform, being front page news lauding its accomplishments is always great news. And Boston-based D rizly ’s news yesterday of its $15 million in Series B funding was a noteworthy milestone, for sure. .

Comparison 100

Comparison Retail Boston Online 100

PYMNTS

AUGUST 12, 2016

Restaurants — the epicenter of payments innovation, it seems — were on the receiving end of a couple of new opportunities this week that could drive even more feet into them and help them grow. to curb and curtail intelligence hacking in American systems. But is FireEye’s fizzle this week a security sizzle? Restaurants.

Lending 100

Lending Apple Cards Study 100

Tomorrow's Transactions

JANUARY 19, 2017

Perry Kramer, vice president and practice lead at consultant Boston Retail Partners, contends that as many as four-fifths of (US, I presume) retailers are already “largely cashless”. If you do, the benefits are not limited to safety, security and a quicker trip home. Retailers don’t really want to be banks. year-over-year. Back to BA.

Retail 30

Retail Case Study Cards Boston 30

PYMNTS

JUNE 21, 2016

With the desire for seamless omnichannel experiences eclipsing cost as the most important factor in food delivery, it’s no wonder that store-to-door apps aim to provide simple yet secure payment processes to stay competitive. When you order your first Favor, you’ll enter the payment information, which we store securely.

Resources 102

Resources Operations Technology Boston 102

CB Insights

JULY 23, 2020

A completely remote workforce seems unlikely, given the intangible benefits of social connection, collaboration, and innovation that in-person working provides. Beyond the office: cybersecurity and at-home network security. By implementing and enforcing these systems, employers can create a more positive experience and reduce anxiety.

Meeting 101

Meeting Tools Survey Company 101