PYMNTS

NOVEMBER 22, 2019

Goldman CEO Denies Claims Of Apple Card Credit Biases. Privacy Advocates Fear Google Will Mine Fitbit’s Health Data. Google’s $2.1 Politicians, as well as privacy advocates, have asked regulators to block the deal. They fear Google will tap Fitbit’s data to roll out a healthcare service.

South Dakota 101

South Dakota Apple Taxes Cards 101

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. What else made for the hottest reads in 2020 for fraud and financial crime? Here were our top 5 posts: #1: Fraud And Financial Crime Convergence.

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Fraud Compliance Survey Google 52

PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

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Data Fraud Cards Regulation 134

FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

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Cisco

JULY 12, 2021

Here are three ways in which banking providers can do this: Identify & reduce account takeover fraud. Account Takeover Fraud is on the rise, and the banking industry has turned to technology to combat the growing threat. Regulations around authentication processes are constantly changing, and often differ from country to country.

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Fraud Mobile Security Customer Experience 167

PYMNTS

MARCH 7, 2019

Merchants and customers are now transacting under PSD2 and GDPR in the European Union (EU) — regulations that allow a greater window into how customer data is being used. While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting.

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Lending Regulation Regional Data 198

PYMNTS

OCTOBER 2, 2018

The EU-Google dance continues, Apple goes to college and bots are getting into virtual currencies. CEO Roger Hochschild said Amazon and Google are valuable partners for Discover, which utilizes Amazon’s cloud computing services and Google’s speech analytics technology for its call centers. New Discover CEO Says Amazon Not a Foe.

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. A bashing that started in Europe in 2015 when the European Commission filed suit against Google for anticompetitive practices has accelerated sharply worldwide. Top Performers.

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San Francisco Fraud United States Google 100

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. A bashing that started in Europe in 2015 when the European Commission filed suit against Google for anticompetitive practices has accelerated sharply worldwide. Top Performers.

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San Francisco Fraud United States Google 100

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising.

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Payments Regulation Security Data 195

PYMNTS

AUGUST 9, 2019

For Mastercard , the acquisition furthers its continued strategy to move well beyond cards, to deepen its presence in account-to-account activity and to extend its position beyond credit and debit cards. Bank Regulators Probe Amazon Cloud. Why Mastercard Acquired Nets. Trackers and Reports . Fun, Cool and Otherwise Interesting.

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PYMNTS

JULY 8, 2019

Information Commissioner’s Office ( ICO ) has fined British Airways over £183m for a data breach involving the theft of more than half a million users’ data, including login info, card information, names, addresses and booking information, according to a report by The Guardian. The fine amounts to about 1.5

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Data Security Fraud Google 108

PYMNTS

JANUARY 21, 2019

FIN members include Amazon , Apple , Google , Intuit , PayPal , Stripe and Square. The letter highlighted that access to the payments systems today is only possible through incumbent intermediaries – the banks and the card networks – which have not kept pace with the needs of consumers and businesses. Here’s where the canary flew in.

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Payments System Innovation Cards 194

PYMNTS

FEBRUARY 28, 2019

They can then choose their desired pickup locations, and pay and tip via Venmo or credit card. Noble addresses this by working with state regulators and abiding by rules like limiting the number of drinks one person can collect, Draper said. Consumers use the app to order bar and concession items, such as cocktails or hot dogs.

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Fraud Cards Security Data 115

Tomorrow's Transactions

JUNE 3, 2016

I’m in Frankfurt for the annual PayComm MEETS Europe, my chance to catch up with practitioners from the continental card markets. It’s really hard to keep up with all of the change in the market, driven primarily because of the regulation rather than new technology. The pace of regulatory change seems relentless.

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PYMNTS

JULY 30, 2019

The second phase, which began in 2016, was integration with Alexa and Google Home, enabling customers to order pizza without even touching their phones. Software firm Bensen AI has developed a digital voice-enabled interface for Google Assistant and Alexa that allows consumers to place orders at partnered eateries.

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Technology Mobile Google Software 119

Accenture

SEPTEMBER 22, 2019

The biggest hurdles are around profitability, UK regulation, customer growth and cybersecurity. Regulation. While our research reveals consumer trust in banks is at its highest since 2012, consumers’ concerns over online fraud and cybersecurity have also grown. Profitability. in the year to February 2019.

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Innovation Metro Apple Marketing 150

PYMNTS

FEBRUARY 18, 2019

I hosted a digital discussion last week with an executive from Sift with more than 15 years of experience building trust and safety organizations for some of the biggest digital brands in the world – including Google , Facebook and Square. Card Networks Want to Raise Their Prices. Amazon Takes Its Bite Out of the Big Apple.

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Cards Course Study New York 169

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Fraud prevention tools. Virtual card issuance. Business lending and corporate cards. Broadly enabling online commerce. rate per transaction.

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Online Company Retail Payments 98

Independent Banker

NOVEMBER 25, 2015

The nonbank payment options PayPal, ApplePay, Google Wallet, Starbucks, Kickstarter and Square are household names. Unlike highly regulated, FDIC-insured banks, which are subject to strict, expensive security standards designed to protect consumers’ sensitive information, FinTech companies are barely regulated and seldom examined.

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Community Bank Community Analytics Lending 70

PYMNTS

DECEMBER 1, 2017

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. The New York AG isn’t the only regulator that’s taken an interest in this story. Privacy regulators for the European Union said Wednesday (Nov. drivers’ license numbers.

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New York Data Regulation Washington 144

ZootBlog

DECEMBER 14, 2015

Regulations forced the issue, and the deadline for issuers and retailers to comply was October 1, 2015, or face liability for fraud losses. Rather than swiping your card, you insert it into the POS terminal. Only 5% trusted companies like Apple and Google to provide a wallet app over their own bank. Mobile Wallet.

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Mobile Customer Experience Analytics social media 70

PYMNTS

SEPTEMBER 18, 2017

The credit bureaus were included in the CFPB’s scope of oversight in 2012, and she’s asked the agency to let her know what additional power it might need to better regulate the credit reporting agencies going forward. Senator Elizabeth Warren (D – Mass.) I’m sure they are quite busy making their list and checking it twice.

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Report Regulation Data Retail 202

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. In 2013, the lender’s originations count had grown to $2 billion, and Google acquired a minority stake in the company for $125 million.

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Lending Fraud Management San Francisco 135

PYMNTS

JANUARY 7, 2019

Indian regulation requires all payments data be processed in-nation — instead of on Facebook’s servers. Rastogi added that “within six months of full launch, WhatsApp can easily reach 100m to 150m monthly transactions, which is a similar rate to what Google has seen here.”. Warby Parker Sees Hack ers.

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PYMNTS

FEBRUARY 7, 2019

Corporate expense management solution provider Coupa has updated its platform with new features targeting compliance and fraud prevention. Coupa is also focusing on fraud with the Coupa BSM enhancements, broadening the availability of Coupa Spend Guard which deploys AI to analyze employee spend behavior.

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Compliance Fraud Management America 143

PYMNTS

APRIL 30, 2018

Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn. They have a big incentive on their books to make sure that happens.

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Fintech blockchain Lending Digital Banking 183

FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. And what does that mean for the future of your fraud management solutions? FICO Admin.

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Fraud Survey Customer Experience Data 52

NCR

JUNE 21, 2016

Whether broadband infrastructure, Facebook’s Internet.org initiative or Google Loon, there is a lot of work being done to connect hundreds of millions of Indians to the internet. Even in the e-commerce market, cash is used heavily, as just eight percent of the population owns a debit card. Financial inclusion.

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PYMNTS

JANUARY 19, 2021

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course. percent,” he said.

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Data Fraud Los Angeles Compliance 227

Tomorrow's Transactions

FEBRUARY 24, 2020

These include falling consumer retention figures, as app transaction abandonment rates increase; the cost of developing and maintaining mobile apps; ensuring adequate security for accurate billing and fraud prevention; and meeting regulations such as PSD2.

Mobile 30

Mobile Payments Security Samsung 30

PYMNTS

MAY 31, 2018

What may not be as familiar is its potential relevance to the regulations put in place by the European Union (EU), which forces its idea, from Brussels, of a perfect regulatory environment on the rest of the world. EU Regulators and a Backwards View of Who’s Being Harmed. Take Google.

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Google Regulation Data Innovation 120

Gonzobanker

MAY 8, 2015

It’s fair to say digital lenders are disrupting banking just like Amazon, Facebook, Uber and Google disrupted their respective industries. The vast majority of the traction has been in the unsecured and credit card refinance space where borrowers can swiftly and easily move to a more attractive option. THE PLAYERS. LENDING VERTICALS.

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Conference Lending Community Bank Community 60

Lex Sokolin

OCTOBER 14, 2020

Google is the platform that mediates access and takes rent through advertising. Google is the platform worth over a trillion dollars today. Most good investment opportunities still want to raise money form Goldman Sachs, Google Ventures, and Andreessen Horowitz. What’s the Google of this world? Is it peer-to-peer?

Lending 52

Lending User Experience Google United States 52

Gonzobanker

DECEMBER 20, 2019

Second Curve analyst Zack Maxfield opened a TD Bank checking account on his phone in nine minutes while he waited to speak with a teller at one of the bank’s branches, but waited an hour to fund the account and order a debit card. The 2019 Industry Oh Sh*t Moment Award – Goes to Apple and Goldman Sachs for the Apple Card launch.

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Idaho Conference Data Marketing 148

Fintech Labs Insights

MAY 24, 2017

From e-commerce merchants looking to multi-currency prices delivered and settled instantly and securely, to app developers with payment apps looking for regulated partners, Caxton is at heart a cross-border payments company looking to leverage its own success with the blockchain into better opportunities for its partners.

blockchain 25

blockchain Regulation Security Technology 25

PYMNTS

SEPTEMBER 12, 2019

Merchants are reliant on their card acquirers as well as banks for answers to these questions, and it will be up to those partner institutions and services to ensure that merchants are not left blindsided by a rush of declined transactions under SCA. For more on PSD2 and GDPR, visit the Tracker’s News and Trends. About the Tracker.

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Regulation Google Compliance Knowledge Base 126