Current

DECEMBER 9, 2020

California unemployment benefits could help to see you through until your next job arrives. But signing up for California unemployment benefits can seem like a job in and of itself. In 2020, California unemployment benefits were critical for many people. In May 2020, for example, California's unemployment rate was 16.3%.

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PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

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PYMNTS

MAY 6, 2020

Federal and state officials are investigating Wells Fargo regarding the bank’s management of Paycheck Protection Program (PPP) loans. The lender is also being sued as part of a class-action lawsuit filed in New York and California. and Alexhd, LLC in California. The banks are accused of playing favorites with PPP applications.

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PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

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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%).

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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.

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PYMNTS

MARCH 2, 2020

That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA). That sounds ominous because it is, and CUs that don’t take identity fraud and cybertheft super seriously face losing more than what hackers steal.

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PYMNTS

OCTOBER 20, 2016

As if it couldn’t get any worse for embattled Wells Fargo, Los Angeles Times is reporting that the California Department of Justice is looking into criminal identity theft over the creation of the fake accounts. She also wants information about accounts Wells Fargo workers opened in other states.

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PYMNTS

MARCH 30, 2020

Keap, an Arizona-based customer relationship management (CRM) software and marketing platform for small business, announced a partnership with Stripe on Monday (March 30). As a result of the alliance, Keap customers will have access to Stripe Radar fraud protection tools.

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Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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PYMNTS

DECEMBER 18, 2020

As had already happened with SolarWinds' networking management software, Microsoft products were then used to foist scams on others, Reuters writes. Sources couldn't say exactly how many people had been affected by the attacks, and the Department of Homeland Security (DHS) is continuing to investigate. On Sunday (Dec.

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PYMNTS

SEPTEMBER 12, 2020

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. 8) that the Securities and Exchange Commission (SEC) was investigating the company for alleged fraud. “We.

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PYMNTS

JULY 19, 2020

Plaid is facing a lawsuit which alleges that it has violated users’ privacy and used customers’ private data in inappropriate manners for years, affecting over 200 million individual accounts, according to a court filing with the northern district of California. billion, PYMNTS reported.

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PYMNTS

SEPTEMBER 8, 2020

. $1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. million was siphoned from one New Zealand business in a scam linked to invoice fraud. In some cases, reports claim, billings from subcontractors were double what the subcontractor says it actually billed the developer.

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PYMNTS

NOVEMBER 24, 2020

Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares. Morgan Securities, Wells Fargo and Northland Capital Markets. Morgan served as financial adviser to Metromile on the deal.

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PYMNTS

DECEMBER 13, 2016

California has joined in the lawsuit bandwagon, ordering an investigation into claims retail bankers at Wells Fargo signed customers up for life insurance polices without their consent. And the hits keep on coming for Wells Fargo.

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PYMNTS

NOVEMBER 5, 2019

Launched in 2013, California-based Robinhood offers commission-free trading. In the meantime, the traders that have used this method could be held liable for the money and guilty of securities fraud, said Donald Langevoort, a law professor at Georgetown University. “If The feature will enable customers to earn 2.05

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Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

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PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. API management platform Cloud Elements landed an undisclosed investment from American Express Ventures, the companies said this week.

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PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. It also details how open banking’s expansion can help businesses build trust with new or existing customers seeking more secure ways to shop. The Pandemic And The Privacy Question .

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PYMNTS

FEBRUARY 20, 2020

“You really need an application to connect [IoT platforms] — that network is critical,” Vikas Butaney, vice president of product management for technology and software solutions provider Cisco, told PYMNTS. “We Security will need a top-down inspection as 5G becomes ubiquitous. Brave New World of 5G.

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PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Data Management. Based in Finland and with offices in California, MariaDB offers enterprises an open source database solution.

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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. Looking At Digital IDs — And Friction.

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PYMNTS

OCTOBER 20, 2017

Two cybersecurity companies came out on top, but they both focus their enterprise security efforts in different ways. PYMNTS takes a look at those cybersecurity firms, plus a few of the treasury management, blockchain and logistics firms that also grabbed fresh funding. Duo Security. Treasury Management. Cybersecurity.

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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.

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Survey Payments Fraud Management 52

FICO

APRIL 8, 2020

In all countries surveyed, more than 60% of consumers were happy to provide their bank with a biometric - such as a fingerprint, facial scan or voice print - to help with security. Increased use of biometrics to verify identity is likely to continue – so what steps need to be in place in order manage identity using biometrics?

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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.

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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.

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PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. Technology can help prevent such fraud, particularly that associated with beneficial ownership of company and using shell companies in support of fraudulent activities. The good news?

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PYMNTS

OCTOBER 11, 2016

The suit was filed by San Francisco-based Partner Fund Management in Delaware Court of Chancery on Monday October 10. Theranos’ struggles have continued and the firm has rejected test results and lost a blood-testing license in California, which it is appealing. Theranos, a U.S. Theranos, a U.S.

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Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Comprehensive data privacy laws remain a hot topic for state legislatures, with a number of states following California’s lead and passing their own version of the California Consumer Privacy Act.

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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

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PYMNTS

JUNE 24, 2020

Reports in the Times of India said Cognizant has informed both its employees and authorities in its home state of California that most of the personal information stolen in the ransomware attack was linked to its corporate credit cards used by employees. The company has just secured a $78.7 Swile Lands VC For Corporate Meal Card.

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PYMNTS

FEBRUARY 26, 2020

Evolv Ventures (the $100 million venture arm of Kraft Heinz) Managing Partner Bill Pescatello tells Karen Webster how a new investment in Israeli startup Fabric can bring automation to the corner store and help speed deliveries. How One Nevada Credit Union Secures Its Self-Service Innovations. Will Bird’s Payment Plans Take Flight?

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PYMNTS

NOVEMBER 29, 2019

Vouch Insurance , which offers insurance to high-growth technology firms through an online platform, said last week that it has raised $45 million in a funding round, and has expanded its service into California. The company’s platform offers insurance for general liability, management liability, cybercrime and a range of other coverage.

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PYMNTS

AUGUST 12, 2019

In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. In Canada – and in the US, too. billion scheme that bilked money from thousands of investors across the country.

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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. In the U.S.,

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California Regulation Fintech Data 109