PYMNTS

JANUARY 6, 2017

It never takes long for cybercriminals to find new avenues to perpetrate fraud. Fraud On The Line. The call center employees would then demand immediate payment from scam victims to cover bogus taxes that were never paid and owed. The victim would send the iTunes card codes to the scammers, which gave them access to the money.

Video 133

Video Fraud Security social media 133

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. First, there was the drama leading up to the breakup with the rich hottie. Thankfully, there was still a smartphone and social media to commiserate.

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Fintech Lending Software Compliance 195

PYMNTS

JULY 22, 2019

KeyBank’s Costly Payroll Fraud Problem . Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. A loss for KeyCorp – but by far not the weeks’ biggest, or most explosive case of fraud. Starting with.

Data 100

Data Security Fraud Indiana 100

PYMNTS

MARCH 29, 2018

Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion. While some countries are struggling more than others, Emailage found that every region is facing new challenges in the wake of EMV going online.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

PYMNTS

DECEMBER 11, 2019

In Norway, banking group Eika Group announced an investment in and collaboration with EedenBull in an effort to help traditional financial institutions in the region strengthen financial services to business clients. Alliance Bank Taps Into Ephesoft Data Capture.

Fintech 132

Fintech Groups Data Strategy 132

PYMNTS

OCTOBER 7, 2020

Both of these schemes are difficult for card processors to detect because illicit transactions are mixed in with legitimate ones, and it is almost impossible to distinguish between the two. This means individual transactions are unlikely to pop up on regulators’ or tax officials’ radar, thus keeping the operations under wraps.

Payments 171

Payments Analytics Online Retail 171

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.

Online 98

Online Company Retail Payments 98

PYMNTS

FEBRUARY 15, 2019

Reports indicated that four Amazon executives met in Governor Cuomo’s office with “the presidents of the New York State AFL-CIO, a regional chapter of the Teamsters and his group, as well as some officials from the governor’s office.” Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register.

New York 115

New York New York City Virginia Nashville 115

PYMNTS

DECEMBER 30, 2020

Virtual cards and straight-through processing (STP) are poised to get more attention from buyers and suppliers as the pandemic recedes. Suppliers, he said, have traditionally been less amenable to commercial card payments, but are increasingly starting to accommodate buyers’ payment preferences.

Cards 262

Cards Regional Payments Data 262

PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. The shift to digital commerce has opened up new markets for companies across all verticals and sizes.

Branding 322

Branding Taxes Fraud Regulation 322

PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. It depends a little on how this plays out.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

PYMNTS

MAY 27, 2016

Konfio links microbusinesses in the region to financing. “We will have more partnerships with banks to help with services like fraud and online payment protection.” For the small and medium-sized enterprise, tax returns are a pain, but noncompliance could cost them big. ” BigID. The startup, which raised $2.1

Capital 100

Capital Management Taxes Security 100

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Performance and multiples continue to be solid, outperforming most regional banks. With Venmo charging 100-150bp less that the card networks, merchants will aggressively follow Amazon. Has to be M-O-E. Bank Merger of the Year. So which merger was the best in 2021?

Fintech 147

Fintech Strategy Leadership Lending 147

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud.

Fraud 52

Fraud Cards Report Analytics 52

Abrigo

MARCH 3, 2021

While the typologies of EIP fraud are not new, FinCEN has provided examples of trending types of EIP-related criminal activities. . Takeaway 1 FinCEN has provided examples of the trending types of EIP fraud. . Takeaway 3 FinCEN has requested specific SAR filing instructions for EIP fraud. . Red flags for EIP fraud.

Fraud 195

Fraud Payments ATM Trends 195

FICO

DECEMBER 21, 2016

Just as in adjacent spaces — fraud, cybersecurity — analytics help investigators pick the most suspicious activities based on study of a wide range of factors. Today, it’s really only Tier 1 banks that use analytics in AML, KYC and tax compliance areas. We expect that to change. We will see the next Panama Papers revelations.

Compliance 40

Compliance Analytics Taxes Groups 40

CB Insights

OCTOBER 10, 2018

Existing startups like the UK’s Revolut are also looking to expand in the region. The core product is a digital-first app that tracks spending from a linked card issued by either MasterCard or Visa. Neon quickly secured a new partner, BancoVotorantim, to resume card services. Millennials.

Retail 78

Retail Cards Millennials Mobile 78

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down.

Fraud 78

Fraud Las Vegas Company Video 78

Qudos Bank

FEBRUARY 15, 2024

Our Fraud and Security hub offers a wide range of information on various types of scams, how to identify them, and ways to protect yourself and your earnings. Centrelink services, such as JobSeeker payments or Low Income Health Care Cards for those from a lower-income background.

Management 52

Management Taxes Cards Resources 52

FICO

MAY 27, 2021

The ‘courier scam’ is a global issue that intensified late last year and presented another worrying trend in the new world of digital payments and card scams. These typically reference the largest of the local delivery companies or even the central mailing services within the attack region. Fake webpage for Royal Mail.

How To 98

How To Fraud Examples Report 98

Qudos Bank

JULY 2, 2023

Our Fraud and Security hub offers a wide range of information on various types of scams, how to identify them, and ways to protect yourself and your earnings. Centrelink services, such as JobSeeker payments or Low Income Health Care Cards for those from a lower-income background.

Management 40

Management Taxes Cards Resources 40

PYMNTS

JUNE 23, 2016

The convenience of credit cards and slimming consumer wallets may suggest that hard cash is slipping away as a preferred method of payment. In Germany — where, until recently, about 50 percent of eCommerce transactions were paid for by Cash on Delivery (CoD) — consumers are also continuing to choose cash over credit cards. The result?

ATM 102

ATM Cards Analysis Trends 102

PYMNTS

AUGUST 5, 2019

For one, traditional money movement methods like wire transfers can be costly, and card payment acceptance requires merchants to accept processing fees. That means merchants must take on the FX risks and hedge against any uncertainties, however. Businesses often also incur other expenses from international trade.

Payments 115

Payments Compliance Operations System 115

PYMNTS

JANUARY 1, 2021

Many businesses are finding that newer digital payment tools, like virtual cards, offer key advantages to optimizing their B2B processes during the health crisis. “We The year-over-year increase in cross-border online sales was even more dramatic in other regions. Credit Union. Preventing Financial Crimes.

Trends 259

Trends Video Retail Payments 259

Fintech Labs Insights

JULY 16, 2015

BehavioSec’s BehavioMobile offers fraud detection by monitoring device rhythm and interaction patterns that are unique to each end user. DAVO Technologies’ automated technology solution solves small-to-mid-sized merchants’ sales tax pain points.

Company 12

Company Mobile Software Big Data 12

CB Insights

OCTOBER 31, 2017

Note: Less than a month after the closure announcement, Vasupal was arrested for fraud in a bizarre case involving Stayzilla business dealings. We then adjusted that to say it’s nine to 12 months … We hope to see IoT embraced by manufacturing and ag in the state and in the region. Read more here. Product: del.icio.us.

Company 78

Company US San Francisco Capital 78