PYMNTS

JULY 8, 2020

.” The first new offering integrates American Express business or corporate cards with the SAP Concur Invoice product, which is designed to help companies automate invoice processing operations. Employees will be able to pay company invoices using American Express cards from within Concur Invoice.

Washington 171

Washington Cards Operations Management 171

PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. The GSA is estimated to spend around $6 billion per year on open market credit card purchases.

Online 149

Online Retail Washington Fraud 149

PYMNTS

APRIL 5, 2019

To that end, Vocalink , a Mastercard company, released its third annual Business Fraud Report , which found that as much as 73 percent of the U.K. Additionally, 22 percent of respondents said someone has attempted to commit payments fraud against their businesses. As reported last year, £1.2 The study found that only 32 percent of U.K.

Study 122

Study Industry Fraud Survey 122

PYMNTS

APRIL 24, 2017

A Russian hacker was sentenced to 27 years in federal prison for stealing credit card numbers and selling the data online, according to The New York Times. Seleznev was convicted for running a credit card and identity theft business out of his homes in Indonesia and Russia. “This prosecution is unprecedented.”

Cards 118

Cards US Seattle United States 118

PYMNTS

DECEMBER 17, 2020

A less sunny aphorism, to be sure, but one that is unfortunately applicable this week as two pieces of good news – the circulation of a vaccine for COVID-19 and signs of life in a stimulus deal out of Washington before Congress breaks for the holidays – are spotlighting the dark clouds accompanying them. The FTC marked $201.26

Fraud 210

Fraud Taxes Washington Security 210

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.

Fraud 52

Fraud Payments South Carolina Compliance 52

Gonzobanker

AUGUST 10, 2022

Gonzobankers might want to warn their customers that their credit card rewards may go away because the merchants’ favorite senator is at it again! Dick Durbin (D-IL) introduced legislation recently to require multiple networks for credit card transactions. Take the Delta Airlines Debit Card from Truist. cash back credit card.

Cards 147

Cards Illinois United States Community 147

PYMNTS

JULY 30, 2019

The security breach at Capital One that exposed 100 million credit card applications and thousands of bank accounts and Social Security numbers is rapidly seeing repercussions. . Kevin Zosiak, who lives in Stamford, Connecticut, and whose personal information was compromised in the breach, filed the suit in federal court in Washington, D.C.,

Capital 108

Capital Connecticut Washington social media 108

PYMNTS

AUGUST 20, 2019

Rewards program fraud is not isolated to the food and beverage industry, however. is making strides in fraud prevention for its rewards program. If one customer is placing orders in several cities at once, for example, the tool can easily detect fraud. First-party mobile ordering apps are taking other steps to prevent fraud.

Fraud 134

Fraud Security Data Washington 134

PYMNTS

OCTOBER 26, 2018

Cyber frauds are a pervasive, significant and growing threat to all companies, including our public companies,” said SEC Chairman Jay Clayton at the time the report debuted. Reports from various news sources said this week that scammers who posed as city vendors bilked nearly $700,000 from the Washington, D.C. city government.

Washington 122

Washington Fraud Security Report 122

PYMNTS

NOVEMBER 20, 2019

“We began researching XRP more than a year ago and have already identified several hundred XRP accounts linked to illicit activity ranging from thefts to scams and the sale of stolen credit cards,” said Tom Robinson, Ph.D., A smaller category was the sale of credit card details. Elliptic co-founder and chief scientist. .

cryptocurrency 124

cryptocurrency blockchain Bitcoin Washington 124

PYMNTS

AUGUST 12, 2019

As reported this past week by Fox 5 in Washington, D.C., In a smattering of individual instances of fraud: In Canada, SaskEnergy said that it fired an employee amid allegations that the unnamed worker had misappropriated a fuel card, racking up $30,000 in charges between 2004 and 2019. In Canada – and in the US, too.

New York City 149

New York City Phoenix Fraud Florida 149

PYMNTS

AUGUST 26, 2016

businesses as part of a plot to steal and sell credit card numbers. Those counts included wire fraud and intentional damage to a protected computer. During that time, Seleznev hacked into retail point-of-sale systems and installed malware to steal credit card numbers from businesses. million credit card numbers.

Nevada 100

Nevada Georgia Washington Fraud 100

PYMNTS

MARCH 19, 2019

Philadelphia recently became the first major city to pass a ban on cashless shops; New York, San Francisco, Chicago and Washington are reportedly considering passing similar legislation. Violations after that would be subject to the New Jersey Consumer Fraud Act and fines could be as high as $20,000.

New Jersey 125

New Jersey Philadelphia San Francisco Massachusetts 125

PYMNTS

FEBRUARY 25, 2019

As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. Speaking of DMVs, some states are piloting a program that implements biometrics into physical drivers’ licenses.

Wyoming 134

Wyoming Idaho Maryland Colorado 134

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

PYMNTS

JULY 12, 2019

As a result, banks, credit unions and payment card networks are hesitant to participate. Though regulation may pull it out of the shadows, Kerin Law, chief scientific officer at plant genetics company LeafWorks , said product fraud still runs rampant in the legal cannabis market. Federal law still considers the drug illegal.

Retail 154

Retail Colorado Regulation Compliance 154

PYMNTS

OCTOBER 11, 2019

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. Upgrade Card Combines Credit Card Acceptance With Installment Payments Flexibility. The Upgrade Card is tied to a line of credit that can be used everywhere that Visa cards are accepted.

Cards 116

Cards Online Houston Digital Banking 116

PYMNTS

FEBRUARY 15, 2019

Speaking to The Washington Post on the condition of anonymity shortly before the formal announcement was made, one Amazon representative close to the deal noted that at the end of the day, the firm couldn’t see the point of making an investment in an area where it was becoming clear so many local leaders didn’t want them. and Canada.”.

New York 115

New York New York City Virginia Nashville 115

PYMNTS

APRIL 27, 2020

That conversation, Cagney noted, starts with the notion of the “digital dollarization” of payments, part of a larger infrastructure change that is he said is today more than just a passing topic of conversation in Washington. That’s a nightmare waiting to happen with the amount of fraud that could occur there.”.

blockchain 272

blockchain Taxes Industry Payments 272

PYMNTS

JULY 26, 2019

Nevada Marijuana Dispensary Uses Food Trucks to Sidestep Cards Regs. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Inside N26’s Fraud Protection Strategy. Libra’s Long Week in Washington. Trackers and Reports.

San Francisco 108

San Francisco NV New York City Nevada 108

PYMNTS

OCTOBER 7, 2016

There was the first meeting with legislators — the Senate Banking Committee to be specific — where CEO John Stumpf managed to create one of Washington’s few moments of partisan agreement. Also in the “good news in the bad news” file, the judge did dismiss the allegations that there had been a conspiracy to commit fraud.

Fraud 162

Fraud CA Policies Meeting 162

PYMNTS

SEPTEMBER 3, 2020

Firms must also effectively manage the operational systems that tie these myriad features and functions together, according to Matt Monahan , vice president of product at digital content management firm Arc Publishing , a division of The Washington Post. The challenge then becomes managing these interlocking payment integrations.

Payments 193

Payments System Operations Management 193

Independent Banker

JULY 30, 2015

In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. Some of the most pressing issues this year involved data security breaches, patent trolls, debit card surcharges and reimbursements for litigation records search requests. A $50 civil penalty, per card, is also included.

Data 70

Data Texas Community Bank Taxes 70

PYMNTS

DECEMBER 24, 2019

The company has an option to transfer money to the bank without a debit card for the same fee. Discover announced that it will start issuing contactless cards over the next several months. In Europe, contactless card-based payments have come to dominate face-to-face payments. Venmo also offers an example of P2P expansion.

Cards 160

Cards Payments Study Examples 160

PYMNTS

JANUARY 18, 2020

They say the perfect crime is hard to commit, but last week in Spokane, Washington an intrepid burglar managed to pull it off at the Yuppy Puppy pet store, according to local law enforcement officials.

Retail 147

Retail Colorado Cards Report 147

CFPB Monitor

JANUARY 25, 2019

This blog post was also published in Ballard Spahr’s Money Laundering Watch , a blog focused on covering the latest trends and developments in enforcement, compliance, and policy involving money laundering, fraud, and other criminal activity. A licensing analysis will be based on the handling of the sovereign currency.

Pennsylvania 60

Pennsylvania Security New Hampshire Texas 60

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. Washington State’s AG has already sued the ride-sharing company, alleging it had violated the state’s data breach notification law. drivers’ license numbers.

New York 144

New York Data Regulation Washington 144

Independent Banker

NOVEMBER 25, 2015

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy.

Community Bank 70

Community Bank Community Analytics Lending 70

CFPB Monitor

MAY 16, 2019

At the American Law Institute’s annual meeting next Tuesday in Washington, D.C., Most courts have distinguished Badie on the basis that other card issuers gave cardholders the right to opt-out. Fraud” is compatible with the common law. Deception” is alien to the common law. Crocker Nat’l Bank , 38 Cal.3d

Arlington 68

Arlington California Report Examples 68

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Office, participated in a panel on data, privacy, and fraud prevention policy. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC.

Policies 60

Policies Lending Data Online 60

PYMNTS

FEBRUARY 23, 2018

Prime members with the Amazon Prime Rewards Visa Signature credit card will be rewarded with 5 percent cash back at Whole Foods, and the Prime program will also soon be the rewards program for all of Whole Foods. to receive their food in an hour. That comes as 16.7

Retail 116

Retail America Course United States 116

PYMNTS

FEBRUARY 16, 2019

His commentary about bitcoin over the years has included the words “stupid” and “a fraud,” along with threats to fire any employee caught trading it. Detailed financial models showed merchants the billions they would save using new schemes that sidestepped the card networks,” Webster wrote.

Apple 143

Apple Payments New York Mobile 143

PYMNTS

JANUARY 3, 2017

Things for the CFPB, according to a variety of recent reports, look a good deal more uncertain, as its enemies in Washington are myriad. The Big Bank Wild Card . That calculus all went straight out the window on Nov. 8 when Donald Trump — an avowed opponent of Dodd-Frank, which gave the CFPB its life — actually won the White House.

Leadership 103

Leadership Ohio United States Washington 103

PYMNTS

NOVEMBER 28, 2016

Fraud and deception are all too common. This reset requires a change in mindset in Washington, D.C. Credit and debit cards came in fourth (11 percent) — we’ll see below that their concern isn’t the fees but just being able to get credit. Borrowing on a credit card is one way to deal with financial emergencies and hardships.

Lending 100

Lending Regulation Cards Maine 100

Independent Banker

SEPTEMBER 30, 2021

Once, before a holiday weekend, a customer messaged the bank to say that her ATM card wasn’t working. a Washington, D.C.-based When someone asks a question or makes a comment on Heritage Bank & Trust’s social pages, Hill jumps in immediately. Hill arranged for a banker to call the customer after hours. “I

Community 139

Community Community Bank social media Security 139

Fintech Labs Insights

SEPTEMBER 21, 2015

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. HQ: Seattle, Washington. Automatic bill payment for prepaid cards. Tags: Consumer, prepaid, debit cards, payments, billpay. Year-to-date fintech firms have raised $13 billion.

New York City 12

New York City San Francisco Company Fintech 12