PYMNTS

AUGUST 20, 2019

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. Does the Capital One breach portend risks for banks on the Continent? No rest for banks amid the hackers.

Data 176

Data Security Capital United States 176

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. It also noted that it stopped 144,946 fraud attempts from March through September.

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Video Report Meeting United States 211

PYMNTS

JUNE 26, 2017

While data security these days is at a much higher scrutiny than possibly any time in the past, thanks to connected devices, some companies are unlocking their secrets. All reviews are being conducted by Russia’s Federal Security Service, which the U.S. claims by the Russia Federal Security Service.

Data 100

Data United States Fraud Cards 100

PYMNTS

JUNE 26, 2018

CashShield , an online fraud management solution for mid- to large-sized enterprises, announced Tuesday (June 26) it raised $20 million via a round of fundraising. According to a press release , CashShield said the Series B funding round was led by Temasek and GGV Capital. Temasek is a first-time investor, noted the company.

Fraud 108

Fraud United States Online Capital 108

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

PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. Yes, that is billions with a B, and a capital B, as it represents the staggering amount that merchants lost last year, in the United States alone, from false declines, as estimated by BI Intelligence.

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Fraud US Data System 100

PYMNTS

OCTOBER 18, 2019

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. When we talk about fraud, whatever kind it is,” he told Webster, “we often talk about susceptibility.”

Fraud 106

Fraud Security social media Tools 106

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. It ends with encouragement to utilize cyber-security resources like the ones I mentioned earlier.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

APRIL 10, 2018

In payments security, the key is the key. Think of it as management by “other duties as assigned,” which is hardly an effective endeavor, as the most important security asset in a firm used to protect information (arguably the most important asset overall) is handled by people who, in some cases, have volunteered to take on the task.

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Management Security United States Data 144

PYMNTS

OCTOBER 11, 2016

. “PacNet, an international payments processor and money services business, has a lengthy history of money laundering by knowingly processing payments on behalf of a wide range of mail fraud schemes that target victims in the United States and throughout the world,” the Treasury wrote.

United States 100

United States Operations Regional Payments 100

PYMNTS

JANUARY 31, 2020

Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank’s Adam Kruis, senior vice president and manager of working capital consulting, and Jennifer Swenson, vice president of corporate payment systems, discuss how the bank ensures smooth implementation of virtual card solutions.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

AUGUST 25, 2019

In the wake of the Capital One hack that exposed data tied to 100 million individuals in the United States, it comes as a warning that there is really no place to hide. . This latest breach is just one of many that seem to occur on a semi-regular basis.

Data 110

Data United States Analytics System 110

PYMNTS

FEBRUARY 14, 2020

The wholesale bank will be divided into a separate investment bank that has a capital markets focus and a commercial bank providing back-end services for companies. Is No-Factor Authentication Digital Security’s Future? Mastercard: The Role Of ‘Instant’ In Improving Consumer Financial Health. Fun, Cool and Otherwise Interesting.

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Retail Cards Millennials Fraud 141

PYMNTS

NOVEMBER 29, 2019

In an interview with PYMNTS, Sam Hodges, CEO, said that high-growth tech firms, which are evolving quickly, may find that their insurance needs also evolve quickly, as they move across various stages of raising equity capital and bring on managers and directors (thus: management liability).

Policies 191

Policies California United States Management 191

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

CB Insights

JULY 25, 2019

Startups are now eyeing opportunities to develop fintech services aimed at helping older individuals improve their financial well-being, from estate planning to fraud prevention, aiming to provide this potentially lucrative — and increasingly tech savvy — demographic with more power over their finances. Source: Capital One.

Millennials 73

Millennials Fintech Tools Fraud 73

Fintech Labs Insights

JULY 21, 2015

Last week I received new credit cards from US Bank and Capital One, both containing microchips to support EMV terminals, the global standard finally rolling out in the United States over the next few years. The Capital One card mailer did a good job doing just that. Enhanced security with chip technology.

Capital 12

Capital US Cards Video 12

FICO

MARCH 31, 2016

As FICO’s premiere client conference, FICO World 2016 , heads to the nation’s capital at the end of next month, it is not surprising that regulatory compliance strategies and solutions will be a hot topic of discussion. Global privacy and information security topics are dominating global headlines.

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Compliance DC Washington Regulation 40

PYMNTS

MARCH 17, 2017

The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. So take all the security, administrative and efficiency problems that come with being cash only — but writ large. Connectivity and Collaboration.

Innovation 103

Innovation Lending Boston Security 103

Jeff For Banks

DECEMBER 12, 2015

Firms started in the dorm room that have no employees, just an eager volunteer, no revenue, and no capital need not apply. There are frictions to having access to peoples' money in the United States. So FinTech (six) firms need capital and revenues to grab a foothold in the financial services market.

Fintech 60

Fintech Capital Cards Bitcoin 60

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. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Crescent Ridge Capital Partners’ elaborate Ponzi scheme.

Fraud 78

Fraud Las Vegas Company Video 78

Gonzobanker

JUNE 30, 2016

As the liability for fraud shifted in October 2015, it was a non-event with the exception of the largest financial institutions. Large banks capitalized on the liability shift, and the acquirers/merchants weren’t ready because many retailers held off launching EMV acceptance at their terminals until after peak holiday shopping season.

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Payments Cards United States Fraud 112

PYMNTS

NOVEMBER 20, 2020

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia. But Stern said the strategy shift isn’t just based on the need to fuel growth.

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Capital United States Strategy Conference 192

PYMNTS

JANUARY 1, 2021

Cross-border online sales in the United States as a share of total eCommerce surged by 40 percent in May compared to the same month in 2019, and the rate of growth was six times higher than in the previous month. Amazon and Walmart tried to find a place within the business dynamics of the pandemic,” the Tracker stated.

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Trends Video Retail Payments 259

PYMNTS

JANUARY 10, 2019

Top markets include Japan, the United States and Korea. PingPong CEO Robert Chen told PYMNTS that the Luxembourg news is only one example of the company’s global expansion strategy, as the firm has offices established beyond China in the United States, Hong Kong and Japan.

United States 158

United States Regulation Compliance Strategy 158

PYMNTS

NOVEMBER 9, 2017

Remember how Barbie — at first just a popular doll with pretty hair and clothes — eventually became a teacher, gymnast, veterinarian, astronaut, paratrooper, NASCAR driver, business executive and even President of the United States? He gave the example of a recent call he made to the Social Security administration.

Security 104

Security Fraud social media United States 104

Fintech Labs Insights

AUGUST 5, 2016

In a holiday-shortened week in the United States, 23 deals were announced bringing in a total of $527 million. Credit card & mobile payments fraud protection. Tags: Consumers, mobile payments, credit/debit cards, security, fraud protection. million from Bank of Tokyo. P2Binvestor raised $5.1 Latest round: $5.1

San Francisco 12

San Francisco Company New York City Fintech 12

Gonzobanker

NOVEMBER 9, 2015

Samsung Pay was launched in the United States after piloting in South Korea. Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies.

blockchain 60

blockchain Bitcoin Lending Innovation 60

Fintech Labs Insights

NOVEMBER 18, 2014

So in semi-prioritized order, here are six myths that continue to hamper the strategic planning of retail banks (at least in the United States). Internet-only success was ING Direct (now Capital One). brick-and-mortar footprint will fall 30% to 40% by 2020 Thoughts : I get that people like the local branch. The only major U.S.

Lending 30

Lending Mobile Online Digital Banking 30

PYMNTS

MAY 22, 2017

Neo4j is used in financial services and retail, government, telecommunications and more for mission-critical applications as diverse as real-time pricing, online product and service recommendations, fraud detection, enterprise search and the Internet of Things (IoT). PYMNTS: What’s the company culture like? How did the company overcome?

Technology 101

Technology Data Retail Fraud 101

Fintech Labs Insights

OCTOBER 16, 2016

It’s been one year since EMV regulation in the United States was placed into effect. Though usage remains low, Mastercard reported this week that it has seen an overall decrease in fraud since the EMV change. Capital One integration with Amazon Echo. Regulation. Happy birthday, U.S. Ready, set, ACH. The blockchain.

Trends 12

Trends Fintech blockchain America 12

CB Insights

AUGUST 23, 2018

Today, JPMorgan (JPM) is using its capital and scale to build an entirely digital bank. The signup bonus has since been cut in half to 50,000 points, but it demonstrates the power of JPM’s capital — and the importance of the Chase Sapphire program. First Name. What is Chase Sapphire?

Cards 76

Cards Mobile Strategy Branding 76

CB Insights

FEBRUARY 21, 2019

Blockchains operate through decentralized peer-to-peer platforms, building resilience against the spread of corrupted information and boosting resistance to fraud. This solution streamlines the process of transferring property titles while also adding some layers of security. See our explainer for more on how blockchains work. .

blockchain 78

blockchain Fraud Technology Management 78

CB Insights

SEPTEMBER 10, 2019

Bank of America, Capital One, Chase, PNC, and Wells Fargo all offer digital and mobile banking options. Wells Fargo, Capital One, and Bank of America are also looking to chatbots as a way to provide more responsive, real-time digital services for customers. Digit has raised $36M in venture capital to build out its service.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

APRIL 7, 2017

He defined “three rings” of cybersecurity issues: One is hacktivism, along with insider-driven threats and terrorism; another is financial security and the third is national competition across cyberspace. The first big credit card fraud, he said, done by hackers, came in at about $100 million. into the age of flight — the U.S.

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National Georgia Security Innovation 102

Insights on Business

OCTOBER 11, 2017

In addition to this, in the United States, The Clearing House will begin its Real Time Payments pilot later this year, while in Europe the new SEPA Instant Payments scheme goes live in November. The risk is best summed up by the reality of “faster payment, faster fraud.” Cross-sell with others in your ecosystem.

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Industry Payments Course Meeting 70