PYMNTS

SEPTEMBER 14, 2017

ICBA Bancard , the payments services unit of the Independent Community Bankers of America (ICBA), announced Wednesday (Sept. Taking steps now to protect your community bank and customers is more important than ever. 13) a new partnership with CardinalCommerce. which is the newest eCommerce authentication protocol on the market.”.

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Gonzobanker

OCTOBER 6, 2015

While bankers may be a bit fatigued this year by articles about payments, the more enlightened Gonzo bankers are paying close strategic attention to the single most impactful payments trend in our industry: the shift from a plastic card to a “card-not-present” world. times faster than card-based transactions.

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Independent Banker

FEBRUARY 24, 2016

Tokenization returns to card-security spotlight after smart chips. Now that many community banks have issued credit and debit cards with anti-skimming smart chips, the industry is returning to an earlier focus on another card security measure: tokenization. By Elizabeth Judd and Tim Cook.

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PYMNTS

DECEMBER 17, 2018

EMVCo , the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it published the EMV 3-D Secure Protocol and Core Functions Specification v2.2.0. The EMV3DS version 2.2.0 The EMV3DS version 2.2.0

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Independent Banker

AUGUST 31, 2016

As chip cards become standard, counterfeit card fraud in the U.S. Here are five ways to fight fraud in the wake of the widespread deployment of EMV chip cards. Card-not-present fraud will likely rise, especially online. Communication is key. By Terry Dooley. But we know scammers can simply switch strategies.

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Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Multiple re-presentment fees. Debit card interchange fees and routing. The Federal Reserve Board finalized updates to the board’s rule for debit card transactions.

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PYMNTS

SEPTEMBER 3, 2020

with cash — and consumers are even starting to ditch plastic cards. These payment apps, said Cole, become “part of the social fabric of how these consumers interact with their friends and their communities.” Security Is Top Of Mind . Cash will always have a place among consumers — but its use is dwindling.

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PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. payment volume in March was on EMV cards. down by 76 percent. Visa set the path for the U.S.

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South State Correspondent

FEBRUARY 22, 2024

For example, at present, return on equity performance is about 12% for the average community bank. After adjusting for risk and cost, individual securities and loans perform approximately the same. Securities add no long-term value while loans contribute about 10% ( HERE ) to value. Why is that?

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PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards. The reason?

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PYMNTS

DECEMBER 21, 2018

Before the liability shift in 2015, the industry-wide prediction was that the onset of EMV would reduce occurrences of counterfeit card fraud in-store, but that the industry should expect to see a spike in card-not-present (CNP) fraud as fraudsters moved to easier targets. Predictions Can Come True. “We

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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. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0 EMVCo continues to encourage the payments community to get involved and provide feedback on the EMV 3DS activity.”.

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CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

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Abrigo

JULY 1, 2021

As a community, we need to place more pressure on all currency providers (fiat and crypto) to embrace digital ethics and refuse to engage and/or do business with organizations that fail to protect innocent and vulnerable people. Instead, they purchase merchant cards with cash and use them to buy things they need. Let’s keep it going!

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PYMNTS

OCTOBER 6, 2020

Organizations that support and work with both sides of the equation, if you will – both the merchant community as well as the financial institutions that are issuing the payment products – have seen the effects of the pandemic,” Jankowski said. The Fraud Factor.

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Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

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South State Correspondent

OCTOBER 25, 2023

The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

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PYMNTS

NOVEMBER 13, 2020

Despite a growing community of FinTech solutions geared toward the industry, managing invoices and B2B payments remains a challenge. Keeping track of invoices and the valuable data they present can be key for a business in any industry. That's a security risk.". It's all about the speed of getting systems updated.".

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PYMNTS

NOVEMBER 19, 2020

Evidence suggests that one of the most effective ways they can continue to engage their member bases is to roll out personalized services, such as financial management and budgeting tools, card management options and targeted marketing initiatives.

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PYMNTS

DECEMBER 30, 2020

Only days ago, startup Spryker secured $130 million for its B2B eCommerce technology, while Mirakl landed $300 million in September, pumping the firm's valuation up to $1.5 But looking ahead, it is no longer enough for B2B sellers to merely offer card or ACH payment acceptance at the digital point of sale.

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PYMNTS

FEBRUARY 27, 2020

Card-not-present (CNP) fraud, for example, rose from $4.5 housing charity Red Kite Community Housing, which was defrauded of £932,000 ($1.2 Keeping these services safe is a tall order, though unsupervised machine learning may be the key to closing this security gap. Developments From Around The World Of Digital Fraud.

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PYMNTS

MARCH 13, 2019

Hurricanes, tornadoes and wildfires have ravaged communities nationwide, claiming lives and destroying property. The following Deep Dive examines the different types of destruction caused by these events and how disbursement tools can help affected communities recover. Spending in chaotic situations also requires careful monitoring.

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PYMNTS

DECEMBER 23, 2016

With the EMV liability shift taking effect in October 2015, the part of the merchant community in the United States that hadn’t migrated to EMV saw chargebacks for counterfeit card fraud skyrocket. Banks are beginning to showing interest in issuing dual-interface cards (cards that can be used in a contact or contactless mode).

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PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The dark web communities allow people to network.”. Second Chances.

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PYMNTS

JANUARY 25, 2021

In my neighborhood, many staples of the community have closed. I believe that businesses can prepare for 2021 by prioritizing the implementation of these remote payment security solutions. As the PAAY team looks ahead, we are working to continue empowering our customers by providing them with secure payments.

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PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. First, let’s get some terms straight, at least for use among the payments and commerce communities.

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Fraud Cards Data Maine 184

Abrigo

JANUARY 18, 2017

Technology that helps create cash flow • Smartphone-enabled credit card readers : These help businesses connect with new customers at trade shows, conferences and other events; make it easier for clients to purchase because of the expanded payment option (think of a salesperson at a client’s location).

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Technology Cards Software Payments 150

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In said Renard in the same press release.

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PYMNTS

OCTOBER 8, 2019

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. For $5 per month, Majority members in the U.S. headquarters.

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Gonzobanker

DECEMBER 19, 2022

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Acronym of the Year – CCCA (Credit Card Competition Act). In January, we were discussing crypto and the need to formulate customer crypto strategies.

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Community Fintech Industry Innovation 216

Abrigo

APRIL 18, 2022

According to a White House statement , the executive order's goals are to: enhance consumer protection ensure financial stability increase national security reduce climate risk The White House describes the executive order as an attempt to balance innovation and U.S. Promote U.S. leadership and economic competitiveness The U.S.

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cryptocurrency Fraud United States Leadership 195

PYMNTS

OCTOBER 8, 2019

As Magnus Larsson, CEO of Majority , told PYMNTS in an interview shortly after the firm’s launch, no matter where they are from, where they work or how much they make, migrant workers all face a common problem in the United States: Financial services are not always easy to secure. For $5 per month, Majority members in the U.S. headquarters.

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PYMNTS

DECEMBER 6, 2018

The United States Air Force is implementing a new program designed to promote procurement of goods and services from the small business community. “After that presentation, if we like what we hear, we’ll swipe the [government purchase] card and ‘Congratulations! .” You are partnered with the U.S.

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PYMNTS

AUGUST 24, 2018

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

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PYMNTS

JUNE 1, 2020

i2c’s McCarthy noted that looking back over the past 10 years, “I wouldn’t have believed the types of structural changes we’ve seen” where the advent of PayPal, Zelle, contactless cards, and mergers and acquisitions that have created companies with full suites of payment products have made the shift easier.

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PYMNTS

SEPTEMBER 23, 2019

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. Payments Speed and Security. As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept.

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Payments Fraud Strategy Security 122

BankBazaar

APRIL 13, 2023

Presenting , ‘ T he Jungle Book – The F inance S equel! ’ If you are someone who chooses to handle your finances with the right Credit Card , you have already won because of all the daily benefits attached to it! This includes financial advisors, mentors, and a community of like-minded individuals who can offer guidance and support.

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