PYMNTS

JUNE 20, 2019

Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook. Also, credit unions that focus on data analytics are more likely to pursue a wider range of innovations than those that do not. Despite innovations like AI and mobile video banking — 59.9

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

NOVEMBER 10, 2020

New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats. Further, online sellers have been tackling chargeback fraud, which could account for about 86 percent of all chargebacks.

Security 233

Security New York Atlanta Fraud 233

PYMNTS

SEPTEMBER 27, 2019

MyPayrollHR Founder Faces $70M Fraud Charge. The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling. Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs.

Fraud 116

Fraud Fintech District of Columbia Payments 116

PYMNTS

MAY 24, 2019

However, with this growth comes the increased risk of data breaches and fraud. In the May Intelligence of Things Tracker , PYMNTS explores the latest news in IoT, including new innovations, security issues, and how oversight groups and governments are reacting to the growing concerns surrounding IoT. billion IoT devices globally.

California 188

California San Francisco Charlotte Security 188

PYMNTS

MARCH 2, 2020

The latest PYMNTS Credit Union Innovation Index found that three-quarters of respondents chose to bank at their CU because of trust, and over 60 percent of current CU members said they wouldn’t leave their CU for another financial institution (FI) because of – you guessed it – trust. The Trust Factor.

California 130

California Fraud Pennsylvania Community 130

FICO

FEBRUARY 16, 2023

California earned the dubious distinction of the top state for skimming event locations, with 47% of the total for the year. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity.

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

AUGUST 27, 2019

According to PYMNTS’ Credit Union Innovation Index , 65 percent of CU members said they chose a CU as their primary financial institution (FI) because they trusted it, as opposed to 45 percent of non-CU members who said the same. How California Coast Credit Union is Transforming in the Digital Age. billion in assets.

Data 122

Data Report Los Angeles California 122

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. Companies in California and throughout the nation are entrusted with customers’ valuable private information. 26) that they have reached a settlement with Uber Technologies Inc.,

San Francisco 172

San Francisco District of Columbia Data California 172

PYMNTS

JANUARY 13, 2020

A California CFPB? News came, too, that in California, Governor Gavin Newsom is unveiling plans to create a Consumer Financial Protection Bureau (CFPB) at the state level, which, according to reports, would overhaul the existing Department of Business Oversight. Penalties in the New Year.

Data 131

Data social media Regulation California 131

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. In 1996, California legalized medical cannabis; in 2014, Colorado did one better and legalized marijuana for adults over 21 for recreational use. Pot Shots in Payments. That is not true,” O’Neil noted.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

SEPTEMBER 24, 2020

These considerations are especially important during the ongoing coronavirus pandemic as the wave of legitimate customers now doing their banking online has prompted a corresponding spike in fraud. The pandemic may not have created the challenges banks face in keeping their cloud strategies and innovations compliant.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

JULY 10, 2020

The end goal: to speed innovation toward new products and services while keeping fraudsters out. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. The Pandemic Is Speeding Innovation Up. Regulation Vs. Market Forces. In the U.S.,

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

JUNE 27, 2019

In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities. California-based FinTech Binji has just come out of stealth mode with a new consolidated card. Meeting Innovation Needs for Four Generations of Customers. Around the Digital Banking World.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

PYMNTS

DECEMBER 9, 2020

His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Fraud, of course, is on the rise, so that will push the drive toward innovation and establishing digital identities.

Regulation 234

Regulation Security Data Course 234

PYMNTS

JULY 1, 2019

As financial service conglomerates and innovators move deeper into the B2B payments field, they’re finding a field of opportunity to disrupt clunky manual and legacy processes far beyond the accounts payable (AP) department. Obstacles Ahead.

Payments 148

Payments Google Cards Innovation 148

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. The recent payouts by the U.S.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

OCTOBER 20, 2017

In an interview with TechCrunch, Duo Security CEO Dug Song said, “cybersecurity is the biggest geopolitical issue of our time,” adding that the company will use the investment for product innovation and forming new partnerships. This California-based startup has a particular cybersecurity focus: payments fraud.

Capital 109

Capital blockchain Fraud Security 109

PYMNTS

OCTOBER 14, 2019

As the digital economy grows, you can bet that crowdsourcing will become an even bigger part of innovation and disruption, along with hiring and investment — all of which will serve to help build only new companies but vital digital infrastructure. One big recent example in favor of such points comes from Goldman Sachs.

Training 187

Training United States Innovation California 187

FICO

NOVEMBER 30, 2022

By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US). Other Considerations.

Fraud 52

Fraud Management Customer Experience Strategy 52

PYMNTS

NOVEMBER 25, 2019

PYMNTS’ Credit Union Innovation Index found that 65 percent of such members chose their CUs because they trusted them, for example, with 60.8 CU innovation is no less prevalent abroad, with 30 CUs in Ireland partnering with Mastercard to open full-service checking accounts.

Alaska 154

Alaska Hawaii California Analytics 154

PYMNTS

JUNE 26, 2019

The SCA mandate could cost them more than $75 billion in sales, especially as fraud protection becomes more critical than ever and PSD2 creates more transparency in the banking world. In Asia, regulatory bodies in Hong Kong and Singapore are using the PSD2 regulation as a template for their own data transparency innovations.

California 109

California Regulation Fintech Data 109

PYMNTS

NOVEMBER 2, 2018

In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. See how nearly $174 million in funding for B2B startups landed in our roundup below.

Fintech 188

Fintech Capital Security Fraud 188

FICO

APRIL 26, 2023

The challenge for banks is balancing the ease and convenience of RTP with fraud prevention for authorized push payment fraud (APP fraud) – without impacting customer experience. Better detection Overwhelmingly, customers want banks to improve their fraud detection capabilities to stop scams before they happen.

Survey 52

Survey Fraud Management Customer Experience 52

PYMNTS

JULY 31, 2017

The Tracker is a bimonthly report showcasing the most significant developments reshaping the credit union market, with attention paid to the biggest partnerships and acquisitions in the industry, notable tech innovations and the shifting regulations that could drastically change how these institutions operate.

Report 114

Report Innovation Regulation National 114

FICO

APRIL 20, 2023

One significant consideration for businesses turning to RTP is the potential for fraud in various forms, from fake invoices to mules requesting refunds for goods that were initially stolen. In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals.

Survey 52

Survey Payments Fraud Management 52

PYMNTS

JANUARY 29, 2020

If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. “Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

PYMNTS

MARCH 1, 2019

Socure provides cloud-based fraud prevention and identity verification functionality to its business customers, and said in its announcement it plans to use the funding to focus on sales, marketing, research and customer support team expansion. Also operating in the enterprise security space is Cequence Security, based in California.

Security 189

Security Capital Analytics Software 189

PYMNTS

OCTOBER 28, 2019

Disney is offering mobile concession ordering at its California and Florida amusement parks, and several universities are introducing similar options at their on-campus dining halls. The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States.

Mobile 101

Mobile San Jose California Iowa 101

PYMNTS

AUGUST 23, 2018

The SEC said the proposals for the funds did not do enough to show how exchanges that want to list the products can prevent fraud and manipulative acts. He made his comments to Bloomberg at the Bloomberg Player’s Technology Summit in California.“I It said it disapproved because “the exchange has not met its burden.”.

Bitcoin 102

Bitcoin cryptocurrency California blockchain 102

PYMNTS

AUGUST 31, 2018

Blindsight is the name of a team of engineering students that formed at Dublin High School in the East Bay region of Northern California. Vocal cues and other sensory signals that are part of Visa payment technology all work to prevent fraud by, for instance, confirming that the user is at the location where the transaction is taking place.

Payments 171

Payments San Francisco California Technology 171

PYMNTS

MAY 7, 2020

You deposit with your card and then the money goes back to the card you used, so [the method] will have a double effect of reducing potential fraud and [improving] user experience.”. Companies like Unibet must also be aware of changing regulations regarding online betting that can limit how fast and how far firms can innovate.

Online 142

Online New Jersey Pennsylvania Regulation 142

PYMNTS

NOVEMBER 7, 2019

Each country has put a unique twist on SCA, which means PSPs are now juggling fraud developments, individual regulatory concerns, protection needs and unsuspecting consumers and retailers in each European market. The act gives rights to the state’s 40 million residents that are similar to Europe’s SCA and GDPR rules.

Regulation 123

Regulation Survey California Retail 123

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

FEBRUARY 26, 2020

How One Nevada Credit Union Secures Its Self-Service Innovations. Bird, the scooter company, has introduced an in-app payment option it is currently trialing in California, which requires no hardware for the merchants, nor charge card for the consumer. Will Bird’s Payment Plans Take Flight? Pardon the pun, but it will it fly?

Nevada 142

Nevada Marketing US Payments 142

PYMNTS

SEPTEMBER 29, 2016

Which is why online retailers are increasingly turning to companies like Shape Security , a Mountain View, California-based provider of web and mobile security applications founded in 2011, to counter ever-increasingly sophisticated types of cyberattacks. billion in fraud losses. billion in fraud losses. “We

Online 100

Online Security Fraud Retail 100

PYMNTS

AUGUST 3, 2018

Making it that easy to start one’s own microbusiness inspires innovation, but also — unfortunately — makes it easy for any one to start a microbusiness, including those whose main entrepreneurial efforts are focused on building a cool-looking storefront that specializes in fake invoices, false transactions and data scraping.

Fraud 109

Fraud Course Online Security 109