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

JULY 22, 2020

Boston University , Northwestern , Trinity College , Georgetown and Duke have unveiled decreases in wages or to retirement contributions for the time being in an effort to mitigate the reduction of funds coming into the schools because of the pandemic. As a result, their job security is reportedly at an all-time low.

North Carolina 130

North Carolina Boston Houston Arizona 130

PYMNTS

MARCH 22, 2019

“From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro areas including Los Angeles, Boston and Denver to make getting from Point A to Point B as simple as buying a morning cup of coffee,” the company said. merchants and acceptance at Mastercard.

Los Angeles 193

Los Angeles New York City Payments Denver 193

PYMNTS

JULY 8, 2020

The Federal Reserve Bank of Boston issued a state-by-state listing of lenders accepting applications from new business customers for the Main Street Lending Program on Wednesday (July 8). To participate in the program, lenders must register using the program’s lender portal , which provides secure access and verification.

Maine 142

Maine Boston Lending Resources 142

PYMNTS

AUGUST 21, 2020

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.

Boston 269

Boston Massachusetts Knowledge Base Policies 269

BankInovation

APRIL 19, 2022

State Street Bank spent $423 million on technology and communications in the first quarter, up 5% year over year but down 3% from the Q4 2021 as the Boston-based bank continues to focus on tech infrastructure.

Technology 98

Technology Boston System Security 98

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

JUNE 23, 2020

Business clients of HSBC Hong Kong can integrate instant electronic Direct Debit Authorization (eDDA) within their own systems to support real-time funds transfer, the bank said, without requiring those businesses to separately log in to their banking portals and set up direct debit instructions. Federal Reserve Tackles Fraud Across Rails.

Fraud 266

Fraud Community Bank Virginia Community 266

PYMNTS

MAY 5, 2020

Ironically, the fact that many CUs have undertaken core systems upgrades can make them a more visible target, although one that has been hardened against just these kinds of cyber raids. Advances in payments technologies are making consumer transactions more secure,” the report states.

Fraud 239

Fraud Analytics Boston New York 239

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

PYMNTS

OCTOBER 6, 2020

Restaurants will once again have to pull out all stops to draw customers, including relying on third-party ordering systems like Grubhub and Uber Eats. QSRs are also improving their in-house ordering systems to make up for declines in walk-in traffic. cities, including Boston, Chicago, New York and Washington, D.C.

Report 237

Report Innovation Boston Chicago 237

PYMNTS

OCTOBER 18, 2020

The new SIBS arrangement is possible, SIBS said, because SIBS has been connected to the TARGET Instant Payment Settlement, the system launched in November 2018 that allows European banks to make instant payments between each other. In the U.S.,

Payments 167

Payments Boston System Survey 167

PYMNTS

NOVEMBER 22, 2020

The WSJ reported that Boston-based Bain raised the funds even though other global impact funds have struggled with fundraising this year, drawing just $14.6 The first fund, called Bain Capital Double Impact Fund, was registered with the Securities and Exchange Commission in July 2016. billion through Nov. 20 compared with $76.2

Capital 188

Capital Policies Massachusetts Boston 188

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

NOVEMBER 27, 2019

A change to Uber’s systems allowed unauthorized drivers to upload their photos to other Uber driver accounts.”. San Francisco, Houston and Boston have all had cases of illicit drivers, including convicted felons, Cnet reported. At times, drivers reportedly used a license and Social Security number belonging to someone else.

San Francisco 141

San Francisco Houston Boston Regulation 141

PYMNTS

OCTOBER 9, 2020

And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. of course, is not standing still. The Federal Reserve Bank has been exploring a digital currency.

National 175

National Boston Examples Course 175

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

Payments Source

DECEMBER 8, 2017

Kenneth Montgomery will chair the Secure Payments Task Force, which is comprised of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

Security 61

Security Strategy System Industry 61

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

APRIL 5, 2018

The breached information included names, Social Security numbers, birthdates, addresses and, in some instances, drivers’ license numbers. These allegations state a viable claim for violation of the data security regulations,” Salinger wrote. as well as the credit card numbers of approximately 209,000 people.

Massachusetts 109

Massachusetts Boston Data Security 109

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

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.

Payments 100

Payments Boston Retail System 100

Celent Banking

OCTOBER 5, 2016

Its seriousness brought into stark relief by the $81mm Bangladeshi incident (something my cab driver in Boston asked about on the way to the airport!), Cyber was a focus throughout the conference. PSD 2 is often thought of in a retail banking context, but its implications will carry over to the corporate side as well.

Boston 200

Boston Conference Course Strategy 200

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

APRIL 7, 2017

The finance industry currently uses blockchain technology as a way to securely keep track of money being transferred on multiple decentralized sources. Rather than using one centralized location, this system allows for a more open approach, so that any attempts at committing fraud on any level immediately cease and desist.

blockchain 102

blockchain Technology United States Florida 102

PopularBank

DECEMBER 1, 2021

Considering some of the most common household bills, such as your mortgage or rent payments; credit card bills; home alarm system and security; auto insurance; auto loans; school loans; school or college tuition; cable and internet; mobile phone; health insurance; dental insurance; life insurance; utilities (e.g.,

Online 98

Online Mobile Fraud Boston 98

PYMNTS

AUGUST 3, 2018

In the latest Mobile Point-of-Sale Tracker , PYMNTS reports on how mPOS solutions are entering new markets around the globe, and how players in the space are working to make sure they also become more secure as they become increasingly popular. Around the mPOS World. Meanwhile, other players in the space are unveiling their first mPOS forays.

Trends 105

Trends Massachusetts United States Boston 105

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

PYMNTS

AUGUST 16, 2018

It cites a figure from the Federal Reserve Bank of Boston that says more than 80 percent of rent payments are made via cash or paper checks. That’s despite the frictions that plague such payments, like slower transaction times and security flaws. Companies active in the rental space are trying to push the move to digital.

Industry 105

Industry Payments Online Boston 105

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. No system is perfect, however. will reach 56.8

Fraud 108

Fraud Analytics Oklahoma Security 108

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

Banking 2020

NOVEMBER 13, 2015

JPMorgan hackers hit Boston mutual fund and 13 other firms: The hackers who breached JPMorgan Chase’s systems last year were involved in a widespread scheme that targeted 14 other companies, including a Boston-based mutual fund firm, several online brokerages and The Wall Street Journal.

Mobile 40

Mobile Boston Payments Security 40

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.”. Here’s a sneak peek: One central reason Kenneally expects Sept. Kenneally explained.

Boston 100

Boston Fraud Strategy Payments 100

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

NOVEMBER 3, 2016

Pedicab drivers in cities like Boston, Chicago and Washington, D.C., can now accept credit and debit card payments thanks to mPOS systems that allow them to take cards while on-the-go. To secure a portion of the quickly expanding mobile market, several players rolled out new mobile wallet solutions over the past month.

Mobile 100

Mobile Dallas Apple Boston 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. Staying profitable and secure by warding off IT risk. Strengthen controls.

Strategy 135

Strategy Community Bank Louisville Community 135

PYMNTS

NOVEMBER 2, 2017

Last week, they officially tasked long-term Mastercard partner Cubic Transportation Systems to implement a new fare payment system across the city’s entire subway (and bus) system. Once that new system is place, riders will be able to pay at the gate using contactless payments.

New York 105

New York New York City System Metro 105