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

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

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Fraud Management Customer Experience San Diego 52

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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Bitcoin Regulation blockchain Delaware 132

PYMNTS

MAY 24, 2019

However, with this growth comes the increased risk of data breaches and fraud. The use of IoT technology is gaining steam in alternative industries, such as beer brewing. Meanwhile, in the mainstream tech industry, companies are partnering to deploy IoT technology. Developments from Around the IoT World.

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California San Francisco Charlotte Security 188

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. million per targeted attack. The average sought in a BEC scam is up from $54,000 in the first quarter of the year. $1

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Company Los Angeles Fraud Data 174

CB Insights

SEPTEMBER 13, 2021

CipherTrace: California-based CipherTrace provides blockchain analytics and fraud detection tools in order to help financial institutions, banks, and governments identify digital asset risks. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others.

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Analytics Technology cryptocurrency blockchain 43

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

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Technology Mobile Google Software 119

PYMNTS

SEPTEMBER 26, 2018

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

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San Francisco District of Columbia Data California 172

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.

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Payments Fraud Security Technology 172

PYMNTS

JUNE 16, 2020

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

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US Cyber Security Security National 227

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. The California Privacy Rights Act ripple effect. By Katie Kuehner-Hebert. Bob Hickok, Eide Bailly. Effective Jan.

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Data How To Community Bank California 91

PYMNTS

MARCH 30, 2020

One example can be seen in setting up fraud alerts, which can be sent proactively to the member in case of a suspicious transaction. As more fraud shifts from card-present to card-not-present commerce, it’s been imperative to thwart attempts to impersonate consumers and assume control of their accounts.

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Tools Fraud Data Security 143

PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World.

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San Francisco Regulation social media Data 187

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. 23% Complaining to regulators: Nearly a quarter (23%) of consumers will complain to regulators if dissatisfied.

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Survey Fraud Management Customer Experience 52

PYMNTS

MARCH 14, 2019

Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit.

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New York Data social media California 122

PYMNTS

NOVEMBER 25, 2019

Technology companies are supplying them with the products and services their members desire, working with both individual CUs and credit union service organizations (CUSOs) to develop case management platforms, modernize systems and provide advanced loan software. Another CU issue currently awaiting federal regulation is legalized marijuana.

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Alaska Hawaii California Analytics 154

PYMNTS

FEBRUARY 21, 2018

According to reports, Kaliningrad governor Anton Alikhanov and VEB chairman Sergey Gorkov met with officials at the Russian Investment Forum to announce their collaboration using, according to Alikhanov, VEB’s “competence in the area of blockchain technology. In Spain, regulators are reportedly exploring how to support blockchain developers.

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blockchain Los Angeles Regulation Oregon 130

FICO

JULY 22, 2016

How do you identify fraud, waste, and abuse when your procurement office handles more than a million transactions a year and $2.2 But, faced with a changing audit landscape, the California school is now looking to analytics to help detect transaction irregularities.". billion in disbursements?" the article asks.

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Analytics Fraud Case Study Guidelines 40

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).

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Fraud Management Customer Experience Strategy 52

PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. Scotland, meanwhile, is looking to distributed ledger technologies (DLTs) to develop secure digital identity credentials. to the U.K.

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Trends blockchain California Security 134

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

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Regulation Data Exercises Online 102

PYMNTS

JUNE 24, 2020

Cognizant Technology Solutions, an IT solutions company, recently revealed it was targeted in a ransomware attack in April, and it’s the firm’s corporate credit cards that suffered the bulk of the impact. All employees with an active company card have been notified of the data breach. Swile Lands VC For Corporate Meal Card.

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Cards Innovation Tools Capital 131

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.

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Report Innovation Regulation National 114

PYMNTS

SEPTEMBER 25, 2020

Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. MineralTree bought Atlanta-based Regal Software and California FinTech Inspyrus. Report: Hanging Up The Phone On Mobile Remittance Fraud. MineralTree Raises $50M, Buys Two Companies. Trackers And Reports.

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Maine social media Atlanta Massachusetts 153

PYMNTS

SEPTEMBER 4, 2019

However, just as eCommerce and the technology enabling it has evolved, so too, has friction. Singh explained that friction was, in the past, destructive to the consumer experience, and had been tied to the fact that technology had been unable to deliver a seamless experience. Fraud, however, has evolved, too.

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Online Fraud Mobile Data 110

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.”. is not as simple as just building out the technology stack, however. Enabling faster disbursement options in the U.S. This can slow down progress.

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Online New Jersey Pennsylvania Regulation 142

PYMNTS

OCTOBER 31, 2019

India’s Technology Minister Ravi Shankar Prasad is asking the Facebook-owned messaging platform WhatsApp for the details of the hack that compromised the smartphones of journalists, human rights activists and others, Reuters reported on Thursday (Oct. In the lawsuit, WhatsApp accuses the NSO Group and Q Cyber Technologies of violating U.S.

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San Francisco Groups California America 101

PYMNTS

OCTOBER 14, 2019

Cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. As far as hiring goes, crowdsourcing promises to play a big role in the coming years — perhaps even decades — for the vital task of securing the web.

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Training United States Innovation California 187

PYMNTS

OCTOBER 10, 2019

Indeed, cybersecurity is one of the main tasks in the world of digital commerce and payments, and it’s a task that is getting more attention from consumers, companies, regulators and others. Take online security as another ongoing example. million cybersecurity jobs will need to be filled by 2021, according to Cybersecurity Ventures.

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United States Retail Online Training 175

PYMNTS

APRIL 5, 2019

But when PYMNTS recently caught up with Charlie Wilson, CRO of Green Bits , a company that sells cannabis retail technology and services – including payments software – it became apparent that many players in the digital payments space might miss out on capturing their share of this growing revenue due to faulty perceptions.

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Payments Retail Industry Software 185

PYMNTS

OCTOBER 2, 2018

Technology that enables consumers to control their data as they shop, pay and perform other tasks online. Users of the technology could use apps that are based on the Solid technology, which are reportedly a work in progress. This is how people, Berners-Lee says, will take back the power of the web from corporations.”.

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Data Online Google social media 189

Independent Banker

DECEMBER 31, 2021

Regulators haven’t yet broached the subject with them. Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. Technology is on community bankers’ to-do lists.

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Community Bank Community Lending Louisiana 144

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. The COVID-19 pandemic has led to a jump in online payments versus those made in stores, for example. Sixty-three percent of U.S.

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Regulation Data US Washington 154

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Small Idea – It’s Our Kid’s Technology. It was a sobering thought to realize that we are all really building most of this technology for our kids. Complicated technology sucks, but mortality sucks more. Big Idea – Trends.

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Conference Technology Las Vegas Trends 195

Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Brandon Dewitt, MX co-founder and chief technology officer. Tom Sargent, CEO, First Technology Credit Union. RIP, Brandon Dewitt.

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Fintech Strategy Leadership Lending 142

CB Insights

MAY 23, 2019

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. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever.

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Fraud Las Vegas Company Video 78

FICO

APRIL 8, 2020

The technology available in most smartphones allows quality photographs of documents to be taken to validate identity. If the device profile has also changed, you know there is a potential SIM swap fraud and prevent access or invoke step-up authentication. You should not be processing data you don’t need for your stated intent.

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Management Examples Meeting Security 52