PYMNTS

MAY 24, 2016

It’s no secret that, as fraudsters continue to evolve and increase the sophistication of their tactics, the­ fraud prevention landscape must do the same in order to stay one step ahead. With global fraud attacks on the rise , Forter is looking to transform the need for retailers to manage these rules-based systems that produce scores.

Fraud 138

Fraud Innovation Retail System 138

PYMNTS

DECEMBER 19, 2019

An explosion of FinTech innovation has jump-started traditional financial institutions’ (FIs) digitization efforts. Yet, each of these strategies to modernization is a double-edged sword, exposing a bank — and, thus, its partners and customers — to a new breed of fraud risks. ” Innovation’s Security Downsides.

Fraud 104

Fraud Payments Security Fintech 104

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., as well as the launch of the Flex by Finaxar initiative from Finaxar.

Cards 130

Cards Innovation Management Fraud 130

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. The startup’s previous investors include Reddit’s Alexis Ohanian, Salesforce’s Marc Benioff, PayPal cofounder Max Levchin and venture capital firm Andreessen Horowitz.

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. In a recent announcement , the Singapore company revealed its BizPay solution, an online platform enabling businesses to use their existing commercial cards and converting their credit limit into working capital to pay suppliers.

Cards 131

Cards Innovation Tools Capital 131

PYMNTS

FEBRUARY 28, 2019

Socure, the provider of identity verification and fraud prevention services, announced Thursday (Feb. In a press release , the company said the round of funding was led by Scale Venture Partners and included participation from existing investors Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony.

Fraud 119

Fraud Capital Analytics Digital Banking 119

PYMNTS

OCTOBER 20, 2017

Backers at Meritech Capital Partners and Lead Edge Capital led the Series D investment round, according to TechCrunch news, while Index Ventures and Workday also participated. This California-based startup has a particular cybersecurity focus: payments fraud. Cybersecurity. Duo Security. Treasury Management. TreasuryXpress.

Capital 109

Capital blockchain Fraud Security 109

PYMNTS

DECEMBER 15, 2017

Credit card services provider TSYS announced Friday that it has extended its existing agreement with Capital One Financial Corp. Under the terms of that pact, TSYS will continue to provide processing services for Capital One’s North American roster of accounts, a list that spans both consumer and commercial credit card accounts.

Capital 110

Capital Cards Risk Management America 110

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I Scotiabank’s Three-Pronged Innovation Strategy. It is estimated that more than 4.1

Fraud 117

Fraud Data Management Analytics 117

PYMNTS

NOVEMBER 20, 2019

Much of what commercial card innovators seek to address is a massive pain point for adoption: supplier acceptance. However, in this week’s Commercial Card Innovation roundup, it wasn’t the point of friction that technology firms were addressing. Check out the latest in corporate card innovation below.

Cards 155

Cards Innovation Fintech Payments 155

PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. Coast Capital On The Innovations Driving CUs’ Digital-First Future. It also offers participating CUs customized consulting services.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

MAY 8, 2019

PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management. a trucking firm also based in Indianapolis (capital of a state whose motto is “The Crossroads of America”). Fraud Allegations.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

JANUARY 13, 2017

CSI Kick Start, a FinTech incubator operated by corporate payments company CSI globalVCard, said it has officially kicked off its second year of searching out B2B payments innovators. We genuinely care about their long-term success, which is what really sets our investment model apart from most other venture capital funding models.”.

Innovation 100

Innovation Payments Capital Fraud 100

PYMNTS

OCTOBER 21, 2019

Regardless of how these companies have fared on public exchanges, they have the commonality of having attracted tens of billions of dollars in venture capital and private equity funding. They promised enough disruption that the capital backing flowed freely. In fact, he said, real-time payments carry a relatively higher risk of fraud.

Innovation 100

Innovation Capital Fintech Course 100

PYMNTS

SEPTEMBER 17, 2020

We are innovating the underlying infrastructure that financial institutions use to make transactions run even faster end-to-end, and at the same time further reducing costs for the community through industry-shared services in the areas of cyber, fraud and compliance," said Javier Pérez-Tasso , SWIFT’s CEO, in a statement. “We

Innovation 348

Innovation Payments Compliance Data 348

PYMNTS

JUNE 21, 2019

By changing to the XRP digital currency, however, it forecasts lower operating costs along with the value of working capital it needs. How To Build A High Performing Platform Payments Fraud Team. For digital platforms, fraud represents a two-headed beast. Why Pets Are Pulling Retail Innovation’s Leash.

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

MARCH 2, 2020

A particularly harrowing cloud services-based fraud incident occurred last year, when a disgruntled AWS employee gained access to more than 100 million Capital One customers’ details. The problem with such systems is that there are no further protection layers if fraudsters find even one access point — as the Capital One hacker did.

Security 224

Security Fraud Google Capital 224

PYMNTS

FEBRUARY 20, 2017

But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. Join us, along with innovator John Dancu, CEO of IDology, as we delve into the brave newish word of (ever more) secure transactions across the web. Politics: Global … And Local … When It Comes To Commerce And Innovation?

Fraud 102

Fraud Innovation US National 102

Bussman Advisory

MAY 8, 2021

to pay for good tweeting | WEF on blockchain use in capital markets | HSBC voice biometrics prevents £249m attempted fraud appeared first on Bussmann Advisory AG. The latest edition of the FinTech Ecosystem Newsletter is here : The post Twitter adds ‘tip jar’?

blockchain 52

blockchain Capital Fraud Marketing 52

Abrigo

MARCH 24, 2020

Key Takeaways We can learn about potential fraud from previous cases such as Italy. Fraudsters capitalized on vulnerabilities from shifts in daily life due to coronavirus. Fraudsters capitalized on vulnerabilities from shifts in daily life. FinCEN Strengthens Commitment to Digital Innovation. Artificial Intelligence.

Fraud 150

Fraud Software Resources Security 150

PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 Digital small business insurance provider Next Insurance is negotiating an arrangement to bring in new capital that would reportedly value the FinTech upstart at $2.25

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

Bank Innovation

FEBRUARY 14, 2018

According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain. The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech.

National 276

National Fintech blockchain Fraud 276

PYMNTS

SEPTEMBER 13, 2016

. – Best practices deployed by leading eBusiness to capitalize on borderless commerce. He is a noted industry expert in online fraud, cybercrime, identity theft, information security and networking technology and holds several patents in security, fraud and networking. Presenters: . Alisdair Faulkner. Armen Najarian.

San Jose 100

San Jose Strategy Fraud Marketing Strategies 100

PYMNTS

FEBRUARY 19, 2019

Further proof of that came recently from a young company based in San Francisco called Castle , which helps eCommerce operators such as Touch of Modern and Rue La La to defend against that type of fraud. The new capital will help fuel hiring and other growth, the company said. “We Fraud Prevention Innovation.

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

FEBRUARY 19, 2020

Global cloud treasury and finance firm Kyriba has introduced the Kyriba Payments Network to deal with the developing chief financial officer (CFO) mandate to streamline payments and fight payments fraud, the company said in a press release on Wednesday (Feb. via an API that loops into The Clearing House’s RTP network. .

Las Vegas 130

Las Vegas Payments Fraud Risk Management 130

PYMNTS

AUGUST 14, 2020

But the news service reported the sector was plagued by fraud and defaults. While P2P platforms were touted as an innovative way to match savers with small borrowers, the marketplace has had troubles globally. Two of the country’s largest P2P finance providers are Lufax (Lujiazui International Financial Asset Exchange Co.

Lending 315

Lending Regulation Industry Fraud 315

PYMNTS

JANUARY 14, 2021

One unfortunate result of this shift has been an uptick in fraud, with bad actors taking advantage of digital channels to victimize customers and retailers more easily than they could during face-to-face interactions. How Swap.com Stomps Out Fraud. The secret sauce to preventing fraud year-round is diversification, Brendel said.

Fraud 143

Fraud Miami Security Retail 143

PYMNTS

AUGUST 20, 2020

Seventy percent of SMBs are adding new digital capabilities or enhancing existing ones to continue their operations, but firms often require financing to implement these innovations. One of the most pressing issues plaguing SMB lenders is the risk of fraud. Fraud targeting SMB lenders has increased by 7.3

Fintech 177

Fintech Fraud Lending Regulation 177

PYMNTS

AUGUST 13, 2020

The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. Merchants pay $3.13 the prior year, by its measures. “It

Technology 248

Technology User Experience Fraud Comparison 248

PYMNTS

JANUARY 30, 2020

They also offer more safeguards against fraud than traditional business credit cards. These cards can help companies optimize working capital as well. Online fraud is a massive financial headache that could reach $25.6 The shift to virtual cards is critical to the digital payment innovations sweeping the B2B space.

Cards 178

Cards Payments Fraud Capital 178

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

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. The company said its technology prevented one fraud attempt every 51 seconds during the month, totaling 22,000 thwarted attacks.

Video 211

Video Report Meeting United States 211

PYMNTS

DECEMBER 22, 2020

The global pandemic has only exacerbated many of these challenges for SMBs as supply chain disruptions, market volatility and the risks of fraud all rise. Luckily, trade and trade finance innovation is accelerating to tackle these pain points at a time when seamless cross-border trade is vital.

Resources 266

Resources Fraud Tools Technology 266

PYMNTS

DECEMBER 15, 2017

This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. Dawn Capital led the latest funding round, reports said, while Fourth Swedish National Pension Fund and other backers also participated.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

MARCH 12, 2020

The phrase evokes capitalism with dynamic velocity, which is probably why it was the UPS ad tagline for years, and why Cisco later used another variation, “Innovate at the Speed of Business,” to articulate itself. If the topic is payments, at some point fraud will enter into it. “At the speed of business.”

Payments 158

Payments Retail Fraud Innovation 158

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. I’ve been around this industry now deploying capital for, let’s say, 18 years, and I’ve never seen a product or invested in a product that has higher customer approval rates than the traditional deferred deposit advance loans.

Innovation 103

Innovation Lending Boston Security 103