PYMNTS

MARCH 3, 2020

The Supreme Court on Tuesday (March 3), possibly inched closer to a decision that would allow the Securities and Exchange Commission (SEC) to recoup money from fraudsters, according to a report from the Associated Press. Rapawy said most of the money was used for property development and for marketing. The highest court in the U.S.

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PYMNTS

OCTOBER 6, 2020

Now these services are about safety and security, with features like curbside pickup and contactless drop-off, [and they’re now] a basic part of business operations,” Tim Ridgely , head of order and delivery at Paytronix, told PYMNTS. Before March, restaurants provided order and delivery services as something extra, more of a convenience.

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PYMNTS

FEBRUARY 27, 2020

Ripple failed to persuade a judge in Oakland, California to dismiss the entire lawsuit, called Zakinov v. Hamilton left a complaint by investors in place, which alleged that Ripple had been selling unregistered securities. Securities and Exchange Commission hadn’t taken a position on whether XRP is a security on Wednesday.

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Oakland California Fraud New York 151

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California.

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PYMNTS

AUGUST 20, 2020

online customers have been targeted by COVID-19-related fraud, with phishing scams emerging as the top way these bad actors are attempting to gain access to their victims’ personal data. The jump in online fraud represents a growing problem for both merchants and banks as well as the regulators tasked with monitoring digital transactions.

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Data Fraud Regulation Online 289

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Their ability to market and add banking functionality … is a natural fit.”.

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PYMNTS

APRIL 10, 2019

authorities announced that they have charged a number of individuals in connection with one of the biggest healthcare frauds ever prosecuted in the nation. The fraud, which resulted in more than $1.2 Medicare’s anti-fraud unit announced that it took adverse administrative action against 130 DME companies that submitted over $1.7

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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

OCTOBER 23, 2017

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. The Security Love Triangle. saving money) over security. Patience is a virtue in the business of fraud.

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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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Fraud Security Cards System 228

PYMNTS

FEBRUARY 26, 2020

In today’s top news, the stock market takes its biggest hit since 2015 due to mounting fears over the coronavirus, and an ex-Microsoft engineer is found guilty of stealing $10 million in digital currency. Coronavirus Decimates US Stock Market $1.7T stock market is taking a hit due to mounting fears over the coronavirus.

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Nevada Marketing US Payments 142

PYMNTS

NOVEMBER 24, 2020

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Metromile launched in 2016 and is currently available in eight states, including California, New York, Washington, Pennsylvania and Arizona. Morgan Securities, Wells Fargo and Northland Capital Markets.

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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. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

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Fraud Missouri California Report 148

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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Regulation Security Data Course 234

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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Payments Arizona Fraud America 159

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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Las Vegas Fraud Software California 210

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. statistic through the rollout of its Confirmation of Payee service for banks in the market. According to Stuff.co.nz

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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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Data How To Community Bank California 91

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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Cards US Data Fraud 98

PYMNTS

JANUARY 19, 2021

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course. percent,” he said.

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Data Fraud Los Angeles Compliance 227

PYMNTS

NOVEMBER 5, 2019

Robinhood Markets is reportedly experiencing a glitch that enables users to trade stocks with (essentially) free money. Launched in 2013, California-based Robinhood offers commission-free trading. The other possibility is just the basic common law of restitution.

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Fraud California Security Apple 102

PYMNTS

SEPTEMBER 22, 2020

Last week, the Commerce Department announced that the prohibitions on WeChat and TikTok transactions are based on the president’s executive order issued in August over national security concerns. A California federal judge has temporarily blocked Trump's executive order prohibiting the WeChat app owned by China’s Tencent Holdings Ltd.

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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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Fraud social media Millennials Examples 133

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. and the EU.

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Study Data Regulation Digital Banking 192

PYMNTS

MARCH 30, 2020

As COVID-19, the disease caused by the coronavirus , ravages the economy, and millions of Americans shelter in place to figure out their next financial moves amid layoffs and volatile markets, credit unions (CUs) have a role to play — particularly in the battle against fraudsters who would prey upon CU members at this most vulnerable moment.

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Tools Fraud Data Security 143

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. Veritas Finance. Cloud Elements. W2 is a U.K.-based

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Fintech Capital Security Fraud 188

PYMNTS

MAY 20, 2019

According to a report in CNBC , citing the lawsuit, investors contend Lyft misled them in its initial public offering (IPO) with the Securities and Exchange Commission. District Court in the Northern District of California, contends Lyft committed securities fraud. and Canada.

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Los Angeles Boston California Security 116

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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Payments Fraud Security Technology 172

PYMNTS

SEPTEMBER 30, 2020

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

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Regulation Data Regional Examples 175

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.

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Capital blockchain Fraud Security 109

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

AUGUST 2, 2018

“Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans,” said Acting U.S. Attorney for the Northern District of California Alex G. It sends a strong message that the Department is committed to protecting the nation’s economy and financial markets against fraud.”.

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United States California Security Fraud 106

PYMNTS

JUNE 4, 2019

Friction can be a deal-breaker, so companies are trying to strike a balance between convenience and security. This makes sense considering online merchants are so reliant upon email marketing. percent), as well as data security (42.4 percent) and fraud protection (36.4 percent) or healthcare (72.6

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San Francisco California Fraud Online 108

PYMNTS

JANUARY 30, 2020

Ridesharing giant Uber is also exploring new ways to expand its market footprint. 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. About the Playbook.

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Miami social media Case Study Chicago 132

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.

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Bitcoin cryptocurrency California blockchain 102

PYMNTS

JULY 20, 2018

IoT: The Internet of Things is here to stay, it seems, and yet so is the security risk. Thus, no surprise that the security part of the market, that is, safeguarding all of the above, is slated to grow 300 percent through 2023. Free markets/Tech infrastructure? And maybe watch you, creepily, in the process.

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Google California Fraud Security 101

PYMNTS

JUNE 29, 2017

On the other side of the planet, DBS Bank (one of the largest banks in Asia) is offering the same functionality to three new markets as it rolls out its all-mobile banking platform digibank in India, Singapore and Indonesia. The secure platform sits easily on a cloud or premise foundation.

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