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People's United Bank On How ML And Rules-Based Analysis Work In Tandem For Fraud Prevention

PYMNTS

Connecticut-based People’s United Bank has seen this trend in action in recent months, said Karen Boyer , the financial institution's vice president of financial crimes and fraud intelligence. Cash users [shifted] to physical cards and the physical card users [shifted] more to.

Analysis 165
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Smaller Firms Targeted For Big Hauls By Payments Fraudsters

PYMNTS

Small firms, big fraud. Separately, and in a case involving payment card fraud, Navajo Times reported that Director Jesse Delmar of the Division of Public Safety is “on his way to being sanctioned with 20 percent of his salary” in the wake of a June order from a committee. Want another way and means of fraud?

Payments 104
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Mobile Payments Fraud: How Strong Is Your Defensive Line?

FICO

Seeing the flutter of sawbucks gave me a flashback to one of my first payments memories, from the early 1980s, when the Connecticut Bank and Trust Co. However, as a payments professional in the business of preventing fraud, I’m not just impressed at how easy this new ATM technology is to use. No, CBT’s Barney wasn’t a purple dinosaur.

Fraud 64
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Uber’s Rough Ride Of A Week

PYMNTS

The day before, the news broke that cybercriminals had managed to steal the data of 57 million customers and drivers. All in, hackers managed to nab names, email addresses and phone numbers of 50 million Uber riders around the world, as well as the data of about 7 million drivers, which includes 600,000 U.S.

New York 144
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Fintech Fundings: 21 Companies Raise $440 Million Week Ending July 23

Fintech Labs Insights

The biggest equity round ($50 million) went to Remedy Partners , a Connecticut-based health tech company. HQ: Darien, Connecticut. Corporate purchasing management. Fortress Risk Management. Enterprise risk management services for financial institutions. HQ: South Glastonbury, Connecticut. government.

Company 12