PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Also on Tuesday, a man affected by the Capital One breach filed a lawsuit against the firm. Reuters reported.

Capital 108

Capital Connecticut Washington social media 108

PYMNTS

MAY 31, 2019

’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. Reports in The Guardian on Thursday (May 30) said Pomerantz and Levi & Korsinsky, both based in New York, have opened these investigations, joining Glancy Prongay & Murray, which confirmed it launched a probe earlier this month.

Metro 162

Metro Fraud New York Security 162

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

AUGUST 1, 2019

Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. While customers of Capital One’s commercial banking division were not affected, reports noted that small business customers were affected by the breach.

Capital 122

Capital Data Cards Seattle 122

PYMNTS

APRIL 29, 2019

As part of the agreement, the company must pay restitution to shareholders, as well as implement internal controls and cooperate with the investigations of the former executives allegedly involved in the fraud. While the company previously traded on the New York Stock Exchange, it was delisted last year and now trades over the counter.

Fraud 108

Fraud Indianapolis New York Operations 108

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

New York 67

New York National Capital Risk Management 67

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 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.

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Arizona Pennsylvania Capital Washington 264

PYMNTS

FEBRUARY 27, 2017

Capital One Financial disclosed in a Securities and Exchange Commission filing last week that it’s being investigated by the New York District Attorney’s Office, the Justice Department and the Financial Crimes Enforcement Network of the Treasury Department for its anti-money laundering program.

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Capital New York Cards Security 100

PYMNTS

MAY 1, 2019

Bitfinex is the cryptocurrency exchange that last week was swept up in an investigation over a coverup alleged by the New York State Attorney General to have involved as much as $850 million in losses. Bitfinex had allegedly sent as much as $850 million to a firm based in Panama, Crypto Capital Corp.

Bitcoin 139

Bitcoin Fraud New York cryptocurrency 139

PYMNTS

APRIL 26, 2019

The slide comes as the New York state attorney general has accused Bitfinex , a cryptocurrency exchange, of covering up missing funds — $850 million worth — through illegal transactions. The attorney general’s complaint states that Crypto Capital failed to process redemption orders.

Fraud 134

Fraud Bitcoin cryptocurrency United States 134

CB Insights

MAY 27, 2021

Forter , a fraud-prevention platform for e-commerce, has raised $300M in a Series F with participation from Tiger Global Management, Bessemer Venture Partners, Sequoia Capital, and Scale Venture Partners, among others. The company has a presence across 230 countries and has protected over 1B shoppers from fraud.

Fraud 44

Fraud New York Capital Online 44

FICO

APRIL 29, 2022

With any change, fraud comes hand-in-hand. Some of the changes are related to new digital payments methods like P2P apps, tap-to-pay, and cryptocurrency, which are all growing options in retail environments. All these evolutions mean a changing landscape for retail fraud and scam trends.

Fraud 52

Fraud Retail Payments cryptocurrency 52

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

PYMNTS

DECEMBER 4, 2018

News came this week that New York Attorney General Barbara Underwood has opened an investigation into small business lending – specifically, whether finance firms known as merchant cash advance companies have been engaged in abusing their smaller customers. That disclosure comes from an anonymous source. billion tally.

New York 156

New York Lending System Report 156

PYMNTS

OCTOBER 4, 2016

As reported by Courthouse News Service , the financial giant has been ordered to face claims of as much as $163 million tied to allegations of fraud that Wachovia used certain securities as a “dumping ground” for assets the bank no longer wanted to hold. That debt had been sold by Wachovia’s capital markets division.

Fraud 176

Fraud New York Capital Security 176

PYMNTS

APRIL 10, 2019

The New York Department of Financial Services has denied a virtual currency license for Bittrex, an American digital asset exchange. The DFS cited deficiencies in capital, according to Reuters , and “failure to demonstrate that it will conduct its business honestly, fairly, equitably, carefully, and efficiently.”.

Bitcoin 116

Bitcoin New York cryptocurrency United States 116

Abrigo

MARCH 22, 2023

A business with significant funds movement to/from or between higher risk geographies, including domestic areas with geographical risks, such as south Florida, southwestern border states, and New York/New Jersey. Account activity or a business operation that doesn’t make sense for the entity or industry.

Training 195

Training Fraud New Jersey Regulation 195

BankInovation

NOVEMBER 12, 2021

Shifting consumer behavior toward more online transacting and financial services — and rising online fraud — are among the drivers behind the rapid growth of automated identity verification technology provider Socure, which this week closed a $450 million series E funding round. The New York-based fintech has raised a total of $649.6

Online 98

Online New York Fraud Fintech 98

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

Fraud 148

Fraud Missouri California Report 148

PYMNTS

MARCH 15, 2016

It turns out those funds were stolen from Bangladesh’s account at the New York Fed through the use of official government codes. The details of the breach that have been reported indicate that $81 million was taken from the New York Fed and stashed into a Philippines personal bank account.

New York 50

New York Course System Security 50

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. 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.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

APRIL 26, 2019

Cryptocurrencies declined in trading Thursday (April 26) night after the New York Attorney General went after Bitfinex, a crypto exchange, for hiding the fact it’s missing $850 million. The New York AG says the funds used from Tether total $850 million. Tether is backed by the U.S. dollar and is known as a stablecoin.

Bitcoin 115

Bitcoin New York cryptocurrency Meeting 115

Let's Talk Payments

JUNE 27, 2017

New investment will take the e-commerce fraud-protection leader to the next level, as it continues to develop its technology, grow the team in New York and Tel Aviv and expand.

New York 66

New York Groups Capital Fraud 66

PYMNTS

JULY 28, 2020

and Royal Bank of Canada , and will appear on the New York Stock Exchange (NYSE) under the symbol RKT. According to David Kudla , CEO of Mainstay Capital Management, Gilbert’s stake in the company meant he’ll likely retain full control over everything that happens with the company. His net worth is sitting at $7.8

Cleveland 140

Cleveland Detroit New York Company 140

PYMNTS

DECEMBER 20, 2019

Tons of capital was raised and spent on new systems and processes. Others are getting into the act, and quickly too, including New York City-based mobile store Bandit, various pop-ups and so-called “phantom kitchens” without seating from quick-service restaurants (QSRs) including Wendy’s and Chick-Fil-A. Chargebacks Bite.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

AUGUST 11, 2020

Representatives of the companies either denied wrongdoing or declined to comment.

Lending 237

Lending Regulation Philadelphia New York 237

PYMNTS

JANUARY 23, 2019

“New and growing small businesses often need fast access to capital that supports basic needs like inventory purchases, payroll and marketing,” said Edward Siegel, CEO of Bitty Advance, in a statement.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

SEPTEMBER 17, 2019

The FCA first began investigating the high street bank in February after it miscalculated the capital needed for numerous loans. In February, the bank was targeted by a cyberattack in which criminals penetrated its customer text messaging system, leading some Metro customers to fall for the fraud.

Metro 116

Metro Management Regulation New York 116

PYMNTS

AUGUST 14, 2018

14) a new law that would call on technology companies, including Apple , to provide access to encrypted data if they receive a warrant. Capital market tech firm Axoni has become a leader in blockchain technology via partnerships with investment banks, asset managers and market infrastructure companies.

Apple 100

Apple New York City New York blockchain 100

CB Insights

SEPTEMBER 27, 2021

The round drew participation from Fin Venture Capital, Mubadala Capital, QED Investors, RiverPark Ventures, and Thomvest Ventures, among others. New York-based Ocrolus’ automation platform uses OCR (optical character recognition), AI, and big data technology to classify financial documents, detect fraud, and analyze cash flows.

Data 50

Data New York Big Data Analysis 50

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. Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean also participated in the round.

Analytics 189

Analytics Data Capital San Francisco 189

PYMNTS

JUNE 29, 2020

“Even in pre-pandemic times, some of the key initiatives from financial institutions were focused on improving the customer experience, while at the same time focusing on fraud prevention,” he said.

Fintech 151

Fintech California New York ATM 151

PYMNTS

NOVEMBER 3, 2016

2) that it, along with the New York Attorney General, launched a lawsuit against what it said are the leaders of a “massive debt collection scheme” based in Buffalo, New York. We are pleased to be working in partnership with New York Attorney General Schneiderman to hold these companies accountable.”.

New York 100

New York Operations Capital Groups 100

Insights on Business

NOVEMBER 8, 2018

Rob Palacios, EVP and Director of TCB Labs at Texas Capital Bank, sat down with Yousef Hashimi from IBM at Money2020 to discuss the banks’ work around AI and their use of the IBM Garage. There was a lot of buzz at the event on fighting fraud faster as criminals have become more adept at fraud schemes in record time.

Industry 143

Industry San Francisco New York City Fraud 143

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

JANUARY 14, 2021

The defendants, who have no affiliation with Nike or Converse, have attempted to capitalize on the popularity of plaintiffs’ marks by manufacturing and marketing counterfeit products falsely labeled as ‘Nike’ or ‘Converse,’” the company wrote.

Los Angeles 309

Los Angeles social media United States New York 309

PYMNTS

OCTOBER 3, 2017

The report noted that a growing number of institutional investors are trying out into the bitcoin market, and Goldman Sachs hopes to capitalize on that. Its CEO, Jamie Dimon, recently stated during an investor conference in New York that bitcoin “is a fraud,” predicting that the cryptocurrency would implode.

Bitcoin 181

Bitcoin cryptocurrency New York blockchain 181