PYMNTS

MAY 24, 2019

However, with this growth comes the increased risk of data breaches and fraud. It has also raised concerns among privacy advocates and security experts, with many warning against the dangers of weak security protocols and constant vigilance. Can Device Manufacturers and Governments See Eye to Eye on IoT Security?

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California San Francisco Charlotte Security 188

PYMNTS

JULY 24, 2020

We have deep dives into opening banking, synthetic ID fraud and supplemental jobless benefits. . Kevin McCarthy (R-California), Senate Majority Leader Mitch McConnell (R-Kentucky), White House Chief of Staff Mark Meadows and U.S. Experts Tell House Committee They’re Divided Over $600-A-Week Extra Jobless Benefits.

Fraud 159

Fraud Leadership Kentucky social media 159

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

PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. His comments come at a time when California is arguably taking the lead in consumer data privacy protections. Data security is such an important topic,” he said.

Regulation 234

Regulation Security Data Course 234

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. Companies are reexamining how they can use cloud technologies to comply with changing security standards as digital banking volumes expand.

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Compliance Fraud Regulation Security 151

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

PYMNTS

SEPTEMBER 26, 2018

California Attorney General Xavier Becerra and San Francisco District Attorney George Gascón announced on Wednesday (Sept. In a press release , the two AGs said the settlement also covers charges that Uber violated reasonable data security laws with its 2016 breach of driver and customer information.

San Francisco 172

San Francisco District of Columbia Data California 172

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

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.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

JUNE 27, 2019

For better authentication, financial institutions (FIs) are experimenting with artificial intelligence (AI) and biometrics, attempting to create security measures that don’t frustrate consumers. In the latest Digital Banking Tracker™ , PYMNTS examines how banks are innovating to address these security vulnerabilities.

Customer Experience 109

Customer Experience Digital Banking Innovation Security 109

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

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. Connectivity and Collaboration.

Innovation 103

Innovation Lending Boston Security 103

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. Mission Secure. Shape Security. Veritas Finance. Cloud Elements. W2 is a U.K.-based

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

OCTOBER 20, 2017

Two cybersecurity companies came out on top, but they both focus their enterprise security efforts in different ways. Duo Security. The $70 million raise by Duo Security makes this cybersecurity startup the latest unicorn in the industry. This California-based startup has a particular cybersecurity focus: payments fraud.

Capital 109

Capital blockchain Fraud Security 109

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

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. Hiring Needs.

Training 187

Training United States Innovation California 187

PYMNTS

AUGUST 23, 2018

Another round of attempts to get bitcoin exchange-traded funds approved by the Securities and Exchange Commission has failed. Bloomberg , citing the Securities and Exchange Commission, reported the government agency rejected bitcoin ETFs from ProShares , GraniteShares and Direxion , citing concerns that the funds would be easily manipulated.

Bitcoin 102

Bitcoin cryptocurrency California blockchain 102

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 28, 2019

Large banks and FinTech providers are often first on the scene as they have the capital and resources to implement these innovations. One CU making waves in the digital scene is California Coast Credit Union (CCCU), a San Diego-based financial institution (FI) with 185,000 members and $2.6 Securing Their Customers From Fraud.

Analytics 115

Analytics San Diego Fraud Data 115

CB Insights

MAY 23, 2019

Few places are more receptive to new ideas and innovative business models than Silicon Valley. Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. want to know THE TOP 20 REASONS STARTUPS FAIL?

Fraud 78

Fraud Las Vegas Company Video 78

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

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 30, 2020

Uber may be facing significant operational changes in California, however, due to a new law that reclassifies many contractors as employees. How AI Can Help With Consumer Onboarding Security. To learn more about how AI security enhancements can improve the platform economy, visit the Playbook’s Case Study. About the Playbook.

Miami 132

Miami social media Case Study Chicago 132

PYMNTS

FEBRUARY 26, 2020

How One Nevada Credit Union Secures Its Self-Service Innovations. Credit unions (CUs) are increasingly making extensive changes to self-services to meet consumer demand, but they face challenges in keeping members’ data private and secure. Will Bird’s Payment Plans Take Flight? Pardon the pun, but it will it fly?

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Nevada Marketing US Payments 142

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. That’s one of the biggest discussions right now in open banking — the security and liability issue,” Zachariadis said.

California 109

California Regulation Fintech Data 109

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

PYMNTS

NOVEMBER 7, 2019

PSPs face complexities when building secure, satisfactory payment experiences for European customers, as countries’ approaches to implementing SCA requirements differ. Merchants in California, for example, are bracing as the state prepares to launch its California Consumer Privacy Act (CCPA), due to debut in January.

Regulation 123

Regulation Survey California Retail 123

South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). AI, payments, data, and other aspects of innovation are dropping behind the scenes. That could be removing a mundane task such as fraud case management, or it could be a better employee onboarding experience.

Conference 195

Conference Technology Las Vegas Trends 195

PYMNTS

AUGUST 15, 2018

Earlier this year, BioCatch secured $30 million in new funding in an investment round led by Maverick Ventures , which also included American Express Ventures , NexStar Partners and other firms. The general aim of the PSD2 is payments innovation. Security, though, is another goal. Some bang on the keyboard.”.

Fraud 112

Fraud Software New York Security 112

PYMNTS

OCTOBER 25, 2019

The California Consumer Privacy Act looms, taking effect at the beginning of 2020. JoAnn Stonier, chief data officer at Mastercard, said in an interview with Karen Webster, “We live in a world where we hear all the time that data is ‘the new oil,’ and that it is the raw material of innovation.”. Can data be harvested … with decency?

Data 102

Data Survey Compliance Examples 102

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

SEPTEMBER 12, 2018

The senator said they will also testify as to “how they plan to address new requirements from the European Union and California, and what Congress can do to promote clear privacy expectations without hurting innovation.” The aim is to get the rule into place before the California law kicks in.

Google 100

Google Company California Data 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

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. On the federal level, the U.S.

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blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 10, 2019

Take online security as another ongoing example. That shortage served as the foundation of a recent PYMNTS discussion with Jay Kaplan, CEO and co-founder at Synack , which bills itself as a crowdsourced penetration platform, a company that finds online security vulnerabilities for its clients. Cybersecurity Push.

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United States Retail Online Training 175

PYMNTS

OCTOBER 8, 2018

Our goal is to serve as an innovation lab, to a large degree,” Jason Rowley, the team’s president and CEO, noted during an interview. Because that teller, with a glance and a phone call, unraveled a complex, multinational act of fraud that nearly left the nation of Angola $500 million poorer. So, what did we learn this week?

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Columbus Data Phoenix America 116

Gonzobanker

DECEMBER 14, 2023

THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. We remember his architecting the legendary Bank of America and Security Pacific merger on the West Coast. Lots of money saying this chipmaker’s special role in AI means growth, growth, growth. billion, Kalamazoo, Mich.).

Fintech 194

Fintech Community Regional Technology 194