PYMNTS

DECEMBER 28, 2020

The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. We see institutional capital come into the crypto space with the expectation of banking integrations to complement crypto credit offerings,” CEO Darshan Bathija said in a statement, according to CoinDesk. “We In other news, the U.S.

Capital 175

Capital Security cryptocurrency Fraud 175

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

PYMNTS

OCTOBER 22, 2020

It’s been replete with stumbles and delays getting the new technology paradigm off the ground — most notably in the middle of the coronavirus pandemic, a global event that put the brakes on projects large and small worldwide. will ultimately make it over the finish line because, bumps aside, it’s effective and reduces digital sales fraud.

Fraud 221

Fraud Online Security Cards 221

Perficient

APRIL 8, 2024

Addressing these deficiencies required a comprehensive approach, leading to the establishment of critical programs like the US Bank Holding Company (BHC) regulatory and comprehensive capital analysis and review (CCAR) program. Supporting the change management team in building a robust governance structure for program PMO activities.

Compliance 221

Compliance Management Guidelines Risk Management 221

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. Incoming Waves.

Fraud 154

Fraud Regulation Lending Capital 154

Abrigo

FEBRUARY 5, 2021

You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". Takeaway 1 To prevent the kind of fraud that plagued the Paycheck Protection Program in 2020, the SBA has put new measures in place that have created challenges. PPP fraud-prevention challenges arise. New Guidance Out.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. Engadget reported that Jeff Tran, Microsoft ’s former director of sports marketing and alliances, was charged with five counts of wire fraud. Wire fraud has a sentence of up to 20 years’ imprisonment. Fraud On The Rise. Payments Fraud No Cakewalk.

Fraud 152

Fraud blockchain Cards Payments 152

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. Serent Capital Invests In Procurement Partners. Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants.

Fraud 159

Fraud Capital Regional Security 159

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

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. This is especially true as banks’ customers expect their FIs to bear the burden of fraud protection. In the U.K., for example, cyberattacks cost an estimated $10.74

Fraud 104

Fraud Payments Security Fintech 104

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

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

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

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

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

CB Insights

APRIL 5, 2022

Signals include the number of startups, the amount of capital invested, and the relative maturity of startups in the space, among others. The post MVP Technology Framework: Fraud Prevention & Compliance for Payments Leaders appeared first on CB Insights Research. Want the full expert post? Become a CB Insights customer.

Compliance 36

Compliance Fraud Technology Payments 36

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. Blockchain. Digital Asset.

Capital 109

Capital blockchain Fraud Security 109

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

JANUARY 17, 2017

German and Israeli anti-fraud technology startup Fraugster is working to make fraud detection smarter. The startup recently raised $5 million in a venture funding round led by international venture capital fund Earlybird, along with existing investors Speedinvest and Seedcamp.

Fraud 100

Fraud Technology Data Capital 100

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. The growing threat of fraud is perhaps the most critical adversary businesses are confronting during the pandemic. companies losing roughly $1.77

Technology 162

Technology Payments blockchain Security 162

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

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

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

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

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

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 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

blockchain 115

blockchain Fraud Bitcoin Survey 115

PYMNTS

AUGUST 22, 2016

The firm, which specializes in delivering software and services for identity fraud protection and cyberbreach prevention, said it will use the new capital to enhance its suite of SaaS-based technologies. “Our new group of investors is extremely well-positioned to support ID Experts’ continued growth.”

Fraud 100

Fraud Capital Software Groups 100

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. ” As investors and startups remain on-edge about exactly how this will play out, only a few B2B technology startups announced their own investments this week.

Cards 181

Cards Fintech Capital California 181

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. Kobe Bryant’s VC Firm Holds More Than $2B in Assets . Kobe Bryant, who died on Sunday (Jan.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JUNE 22, 2020

The company said associates with active cards will be given credit and identity theft monitoring services, courtesy of privacy technology company ID Experts. She added that the company is continuing to monitor the account, but it has not detected any increase in fraud for the accounts.

Cards 257

Cards Fraud Course Report 257

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

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. Cybersecurity systems that served organizations well in the past are becoming obsolete as cloud technology grows.

Security 224

Security Fraud Google Capital 224

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Trackers and Reports.

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

FEBRUARY 6, 2019

Started in 2017 by the founders of Brazilian payments processor Pagar.me , Brex’s investors include Y Combinator Continuity, Ribbit Capital, Greenoaks, DST Global, Peter Thiel and Max Levchin. In addition, cardholders will receive improved anti-fraud benefits, including purchase protection and ID theft protection.

San Francisco 208

San Francisco Fraud Cards America 208

PYMNTS

AUGUST 20, 2020

A multitude of SMB investors are looking to help, but lending to digitally focused SMBs comes with its own hurdles, including fraud risks and inefficient lending procedures driven by stiff regulatory measures. 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 25, 2017

24) it has temporarily suspended trading in the securities of Canada-based company First Bitcoin Capital Corp. Seeking Alpha noted the regulations apply to companies that use distributed ledger or blockchain technology for things like initial coin offerings (ICOs) or token sales. 7 of this year.

Bitcoin 104

Bitcoin Capital cryptocurrency Security 104