PYMNTS

NOVEMBER 4, 2019

That need for speed is also critical when it comes to loan disbursements , according to Paul Gu, co-founder and head of product for personal lending provider Upstart , as slow payouts can create frictions and frustrate customers. Disbursements in the Lending World. Instant Payments, Lending and New Technologies.

Lending 116

Lending Industry Payments Cards 116

Abrigo

SEPTEMBER 18, 2020

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Adjust your scenario thresholds and ensure your front line staff is aware of these fraud red flags to help detect and deter COVID-19-related fraud.

Fraud 195

Fraud Trends social media Regulation 195

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails. Research from NACHA found accounts receivable professionals expect cards to account for 12.5

Cards 165

Cards Payments Software Fraud 165

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. Carding shops offer bulk sales on compromised payment card data. Another popular category in the underground is account markets.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Startups, Instant Payments Could Put $280B in Global Payments Revenue at Risk for Banks.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

JUNE 8, 2020

Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services.

Payments 150

Payments Lending Cards blockchain 150

Independent Banker

DECEMBER 31, 2022

The payments landscape is evolving, and customers’ needs are changing. Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. Top trends in payments. Adopt faster payments.

Trends 140

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PYMNTS

SEPTEMBER 22, 2020

In today’s top news in digital-first banking, digital payment processor Paya has come to an arrangement to purchase The Payment Group (TPG), and Purdue Federal Credit Union has tapped digital payment experience provider Payrailz for payment services. Paya To Purchase Utility Payments Processor, The Payment Group.

Groups 156

Groups Payments Texas Community 156

PYMNTS

MARCH 7, 2019

Concerns from consumers outside the EU on how data is handled are growing as well, though many continue to have concerns regarding fraud. Many countries within the EU are working fast to implement these regulations into their payment and banking ecosystems. How PSD2 is Changing Lending in the U.K. Around the PSD2 World.

Lending 198

Lending Regulation Regional Data 198

PYMNTS

JANUARY 22, 2020

Provident Bank, a New Jersey-based financial institution (FI), will issue a comprehensive suite of commercial payment solutions in conjunction with First Bankcard. The corporate card program has higher limits to accommodate individual client spending habits. Macko, senior vice president, director of corporate cash management.

Omaha 131

Omaha Payments New Jersey Cards 131

PYMNTS

DECEMBER 30, 2020

The B2B payments ecosystem experienced a sudden and dramatic acceleration of change upon the onset of the global pandemic, and its impacts reach far beyond the mere digitization of the B2B transaction. In Mastercard's case, that involves embracing a mix of interoperable payment rails via its Mastercard Track Business Payment Service.

Payments 297

Payments Innovation Cards Trends 297

BankBazaar

JANUARY 25, 2024

What have your Credit Card ’s ancestors been up to? There’s probably nothing new we can tell you about the Credit Card. Today, we’re aiming at remedying that, so we’re all left with a new-found respect for our spend-friends and who knows, maybe it’ll just inspire us to go find the right Credit Card to fit our finances!

Cards 78

Cards Tools ATM Management 78

Gonzobanker

SEPTEMBER 21, 2023

Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Credit union lending platform Clutch partnered with Zest.ai

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

MAY 8, 2020

Joining Karen Webster for the latest edition of This Week In Payments, Spreedly CEO Justin Benson sat down to remotely chat about the recent run of earnings and what they mean for the payments and commerce ecosystem’s long-term prospects. PayPal, Square and the Power of Scale in Payments .

Lending 187

Lending Payments Exercises Report 187

South State Correspondent

MARCH 28, 2022

In the future, banks will make money on payment products by DELAYING settlements. That vision is ironic considering financial institutions are spending billions of dollars moving payments from one to three-day settlement to real-time. The Five Pillars of The Payment Product Revolution.

Payments 195

Payments Trends Data Fintech 195

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Lending Trends Compliance 195

PYMNTS

DECEMBER 11, 2020

Retroactive Jobless Payments A Sticking Point In Coronavirus Stimulus Talks. Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales.

Company 163

Company Payments Fraud Meeting 163

FICO

JUNE 17, 2021

This led me recently to a ‘once in a blue moon’ purchase – England shirts for myself and the family – and I was frankly shocked to see the number of payment mechanisms and BNPL (Buy Now Pay Later) schemes offered. This led me to the following question – is the profusion of payment mechanisms a good thing for a customer? Trusted cards.

Fraud 52

Fraud Payments Retail Cards 52

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion valuation for the U.K.

Fraud 100

Fraud Cards Lending Analysis 100

Abrigo

MAY 20, 2020

When filing a COVID-19 related SAR, FinCEN requests that SAR field 34(z) (Fraud Other) be selected and the key term “COVID19 FIN-2020-A002 be referenced in SAR field 2 (filing Institution Note to FinCEN) as well as in the body of the narrative. . Lending & Credit Risk. Member Business Lending. SBA Lending.

Lending 195

Lending Fraud Training Report 195

Perficient

JANUARY 16, 2023

I remember when my mother stopped shopping at one department store because they wouldn’t give her a charge card in her own name, but another store would on their private-label charge card. This can include offering lending services or creating embedded bank accounts for other businesses or consumers.

blockchain 275

blockchain Software Customer Experience Strategy 275

PYMNTS

FEBRUARY 22, 2019

The more than $1.593 billion raised by B2B startups this week showcases investors’ interest in business finance and payments. According to the firm, Rabbet is also focused on providing operational efficiencies to accelerate payments within the construction space. ” Lalamove. ZipLoan secured $12.5

Lending 139

Lending Capital Fraud Tools 139

PYMNTS

OCTOBER 4, 2019

Life is never boring in the world of payments and commerce, and the newest edition of the PYMNTS Weekender report is proof of that. This week’s coverage includes a deep dive into a big potential misstep for Apple, woes at Goldman’s Marcus, a new Visa expansion effort and a look at how Google Maps can predict the future of payments.

Fraud 108

Fraud Google Apple Chicago 108

Bank Innovation

MARCH 9, 2018

EXCLUSIVE—The growth of synthetic fraud, or the method by which fraudsters use a combination of real and false details to open malicious accounts, is slowing as lenders, issuers, and consumers all grow more attentive to cybersecurity methods, a study conducted by credit bureau TransUnion found.

Fraud 199

Fraud Study Online Cards 199

Bank Innovation

FEBRUARY 1, 2019

Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. The 25% plunge -- the worst since July 2008 -- capped a tumultuous three days that shaved about €7.2 billion ($8.3 […].

Fraud 150

Fraud Report Payments Company 150

PYMNTS

FEBRUARY 14, 2020

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. Mastercard Gets Nod To Join China’s $27T Payments Market. 11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JUNE 14, 2019

The good news in the world of fighting fraud and cybercrime is that, by the numbers, the battle against the thieves has shown to be tipping toward the white hats. As GIACT EVP David Barnhardt noted in a recent conversation with Karen Webster, overall fraud dropped 15 percent between 2017 and 2018.

Fraud 100

Fraud Industry System Lending 100

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Trends Compliance Technology 195

PYMNTS

AUGUST 8, 2017

7) that it charged twelve people with money laundering millions of dollars in credit card charges via fraudulent merchant accounts. According a FTC press release, the defendants set up an operation known as Money Now Funding (MNF) to get and maintain merchant accounts that let it process credit card charges close to $6 million.

Cards 112

Cards Fraud America Lending 112

PYMNTS

JUNE 22, 2020

Wirecard AG, the Munich, Germany, payment processor, acknowledged Monday that it’s likely the missing 1.9 As a result, the German payments firm said it will withdraw its 2019 and first quarter 2020 financial results. Checkout.com, the London-based online payments software platform, has nearly tripled its worth to $5.5

Payments 158

Payments Maine Fraud Community 158

PYMNTS

NOVEMBER 6, 2019

Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm , a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. Fraud Faces the Machine. What is Affirm?

Fraud 100

Fraud System Cards Data 100

PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

Mobile 289

Mobile Boston Fraud Colorado 289

PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. Mixing Internal and Internal Fraud. However, the case is also a unique instance of fraud stemming from both within an organization and from a third party.

Fraud 157

Fraud Philadelphia Pennsylvania Lending 157

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payments services subsidiary of the Independent Community Bankers of America (ICBA), announced a new partnership with MK Decision (MK) for its online loan-origination system. Our mission — to stimulate local borrowing and local lending — is well aligned with ICBA Bancard and its community bank clients.

Community Bank 190

Community Bank Community Lending Cards 190

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70