PYMNTS

APRIL 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” It is a low-cost security check for website managers as well as consumers.”.

Fraud 164

Fraud Company Security Comparison 164

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 cloud security space needs to completely rethink its options if such strong systems can still be breached.

Security 224

Security Fraud Google Capital 224

PYMNTS

JANUARY 21, 2021

Melissa Townsley-Solis, head of GIACT , discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Fraud was red-hot in 2020. It’s time to fight back.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

NOVEMBER 18, 2020

It can also serve as a powerful tool in restaurants’ fight against fraud, which is becoming an increasingly prevalent issue as bad actors target the flood of customers using digital channels during the COVID-19 pandemic. Payment protection platform Verifi has partnered with digital fraud protection firm Kount Inc.

Boston 186

Boston Fraud Marketing Mobile 186

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. Serent Capital Invests In Procurement Partners.

Fraud 159

Fraud Capital Regional Security 159

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. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.

Security 189

Security Capital Analytics Software 189

PYMNTS

DECEMBER 19, 2019

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. As the Tracker revealed, though, this journey comes with security concerns that add a new level of complexity to banks’ digitization journeys. In the U.K.,

Fraud 104

Fraud Payments Security Fintech 104

PYMNTS

MAY 12, 2020

In the mad dash to secure Paycheck Protection Program (PPP) funds, small businesses have faced confusion, anxiety and often a lack of clarity as to when they would receive capital – if at all. The process was chaotic for the lenders, too, creating greater potential for fraud amid an unprecedented SMB stimulus effort.

Fraud 154

Fraud Regulation Lending Capital 154

PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

Security 202

Security Bitcoin Capital Analytics 202

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. A layered FDP (Fraud Detection & Prevention) solution naturally helps directly preventing fraud, but it also offers major gains in terms of recovering potentially lost revenue through false positives.

Fraud 152

Fraud Study Retail Online 152

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Payment fraud is now a high-priority concern. ”

Risk Management 309

Risk Management Fraud Management Compliance 309

PYMNTS

MARCH 1, 2016

In a nod to just how important cybersecurity is becoming to larger firms within the financial space, Capital One said on Monday (Feb. 29) that it has brought on board Amazon’s former chief security officer, Tom Killalea.

Capital 100

Capital Security Data Software 100

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.

Capital 109

Capital blockchain Fraud Security 109

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

APRIL 16, 2020

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. Bad actors are taking advantage of the chaos and bringing about an upswing in digital fraud. Fighting Fraud.

Fraud 130

Fraud Chicago Resources Mobile 130

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). for automated underwriting.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

NOVEMBER 13, 2020

Technologies such as automation and blockchain are thus receiving more attention from businesses, especially as the volume of data that accompanies cross-border transactions expands. Speed and security have always been a priority for firms in this space, but the pandemic is placing added weight on these considerations.

Technology 162

Technology Payments blockchain Security 162

Banking Exchange

DECEMBER 17, 2019

How Banks Are Achieving Smarter Fraud Detection Risk Management Technology Security Feature Feature3 Cyberfraud/ID Theft Operational Risk.

Capital 78

Capital Risk Management Fraud Security 78

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

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 The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

Fraud 117

Fraud Data Management Analytics 117

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

JUNE 3, 2016

There may be a few resilient, strategic entrepreneurs out there who don’t need venture capital to run a successful startup. “It’s a huge anomaly,” said Small Business Administration Head of Innovation and Investment Mark Walsh, referencing the ability for startup founders to make it without venture capital.

Security 100

Security Data Analytics Capital 100

PYMNTS

AUGUST 25, 2017

The Securities Exchange Commission (SEC) announced Thursday (Aug. 24) it has temporarily suspended trading in the securities of Canada-based company First Bitcoin Capital Corp. According to a report in Seeking Alpha published last week, the SEC said the cryptocurrencies are subject to federal securities laws.

Bitcoin 104

Bitcoin Capital cryptocurrency Security 104

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. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

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.

Arizona 264

Arizona Pennsylvania Capital Washington 264

PYMNTS

AUGUST 21, 2020

six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido. The company secured the investment from Ascension Ventures and Fuel Ventures, reports said. In the U.K., million in new funding , U.K.-based Attabotics.

Fintech 154

Fintech Austin Capital Fraud 154

PYMNTS

MARCH 21, 2019

The wiles and ways of scammers to part businesses from their money continue to proliferate, and continue to use technology as a springboard to trick executives. Attacks that capitalize on the human desire to respond to urgent requests from authority are on the rise,” reported Security Asia.

Fraud 112

Fraud Mobile Report Trends 112

PYMNTS

MAY 4, 2017

To help grow its engineering and fraud teams and build out its machine learning Guaranteed Fraud Protection enterprise offering, solutions provider Signifyd today announced its Series C round of $56 million in funding. He said “Signifyd is emblematic of the range of industries that can be reimagined with machine learning and AI.

Security 100

Security Fraud Capital Retail 100

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

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. It’s really a symbol that the market, as well as the technology that exists in the market, is beginning a transformation,” Zielke explained.

Fraud 138

Fraud Innovation Retail System 138

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Fraud is a Top Worry. The lack of security cooperation between bankers and regulators also comes up for blame. Growing Awareness.

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America Security Miami Conference 102

PYMNTS

JUNE 23, 2016

Santander InnoVentures , a FinTech venture capital fund, announced on Wednesday (June 22) that it is making a strategic investment in identity verification platform Socure. The technology is typically used by financial institutions to help prevent fraud when customers open a new bank account or when issued credit or debit cards.

Security 107

Security Fraud Compliance Capital 107

PYMNTS

JUNE 16, 2020

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

US 227

US Cyber Security Security National 227

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. FICO’s Take on Debit Security. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Cards 131

Cards Technology social media Meeting 131

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. The Credit Junction. Cloud Elements. W2 is a U.K.-based

Fintech 188

Fintech Capital Security Fraud 188

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 Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation. Alphabet-owned Capital G is reportedly in discussions to head up the $250 million funding round for the insurer.

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

SEPTEMBER 17, 2020

SWIFT , a global provider of secure financial messaging services, announced Wednesday (Sept. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients.”.

Innovation 348

Innovation Payments Compliance Data 348