PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.

Security 112

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PYMNTS

AUGUST 26, 2019

The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. Enumeration attacks, he noted are a good example of this.

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PYMNTS

JANUARY 18, 2021

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. government's inability to curb the risk of fraud that emerged during the first round of PPP funding. Homeland Security investigators. Homeland Security investigators.

Community 219

Community Fraud Taxes Massachusetts 219

PYMNTS

JUNE 4, 2020

Before that, the group claimed to have attacked Michigan State University and Columbia College of Chicago, in a dark web blog accessed by Cointelegraph. billion in fraud, hacks and theft in just the first five months of 2020, according to a study by crypto intelligence company CipherTrace.

Bitcoin 152

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PYMNTS

OCTOBER 4, 2019

The Uber Works app is being tested in Chicago and will show available shifts companies are looking to fill with temporary workers. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7

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PYMNTS

FEBRUARY 6, 2020

Chicago-based Signature Bank is rolling out a technology platform called Finrails AP to simplify B2B payments, the company announced on Thursday (Feb. Finrails AP offers businesses a cloud-based accounts payable (AP) solution that automates B2B payments on a secure digital dashboard using numerous payment methods.

Illinois 167

Illinois Chicago Cards Payments 167

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. We look at community banks’ options for fighting this type of crime. By Katie Kuehner-Hebert. Rehman Khan, Travelers.

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PYMNTS

APRIL 2, 2020

The story, first reported by TechCrunch, revealed the alleged fraud by Jian Liu is believed to have begun in the second quarter of last year. The three-person special committee has retained Chicago-based law firm Kirkland & Ellis as counsel and FTI Consulting of Washington, D.C.

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PYMNTS

SEPTEMBER 12, 2018

federal judge says that securities law applies to crypto fraud, China has a lead in an important patent area and a major bank makes a big investment push in cities. He first revealed his plans to sell in a March Securities and Exchange Commission (SEC) filing, saying that the proceeds would “fund sidecar investments with the company.”.

Detroit 100

Detroit Chicago Fraud Washington 100

Independent Banker

FEBRUARY 24, 2016

Security fears about online banking may be impairing your community bank’s ability to grow demand deposit accounts. Nearly two-thirds of those who do not use mobile banking cite concerns about security issues such as data interception, phone hacking, or a lost or stolen phone. Many aren’t aware of simple security practices.

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PYMNTS

OCTOBER 25, 2019

These debates are nothing compared to the looming specter of fraud, however. In the October Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the growing popularity of virtual restaurants and how QSRs are protecting themselves against friendly fraud.

Trends 116

Trends Mobile Fraud Google 116

PYMNTS

MAY 20, 2020

Home Chef, the Chicago-based meal kit and food delivery company, announced a data breach after a hacker sold information on its 8 million customers on a dark web marketplace, according to Bleeping Computer. If that original password was used on other sites, security experts recommend passwords be changed on those sites as well.

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PYMNTS

FEBRUARY 22, 2019

The OCC identified the deficiencies in the bank’s branches in New York, Los Angeles and Chicago. From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.” The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance.

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PYMNTS

JANUARY 16, 2020

All of them were using Pulse Secure VPN to make supposedly secure logins for workers, according to Troy Mursch, chief research officer at Bad Packets, a cybersecurity company. According to Bad Packets, many companies have yet to address the security flaw, even though a patch for it came out in April.

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PYMNTS

DECEMBER 5, 2019

so people can make secure payments anytime or anyplace, with near-real-time funds availability. The FPC will also provide education about faster payments and fraud mitigation. “We She is also a sponsor of the Federal Reserve’s payments improvement initiative.

Kansas City 135

Kansas City Payments Kansas Boston 135

PYMNTS

OCTOBER 3, 2019

The app is in testing in Chicago and will show available shifts that companies are aiming to use temporary workers to fill. Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent . Uber Launches Uber Works To Connect Workers To Gig Jobs . And Gerber noted that the attacks are going to keep on coming. .

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PYMNTS

JANUARY 30, 2020

The marketplace originally launched in Chicago two months before its Miami expansion. How AI Can Help With Consumer Onboarding Security. Artificial intelligence could be crucial for making consumer onboarding more secure on sharing platforms, and could also reduce overall fraud levels and stop data breaches in their tracks.

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Miami social media Case Study Chicago 132

PYMNTS

MARCH 17, 2017

In its involvement, the Illinois regulator will be responsible for working with 80 financial institutions of R3’s membership to build out secure and scalable blockchain-based applications. Among its R3 counterparts, Illinois will be joining the Bank of Canada and the Securities & Futures Commission of Hong Kong.

Illinois 109

Illinois blockchain Regulation US 109

PYMNTS

SEPTEMBER 8, 2017

The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. Treasury securities. The company has also admitted to separately omitting material information about its platform for trading U.S.

Boston 101

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PYMNTS

OCTOBER 19, 2017

“This contract extension will not only provide Sheetz with access to WEX’s … products and services, but its customers will benefit as well through fuel savings programs, fraud protection and data insight.”. Department of Homeland Security (DHS). WEX made news on Aug. billion range. billion range.

Cards 100

Cards West Virginia North Carolina Virginia 100

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

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PYMNTS

NOVEMBER 15, 2019

S urvey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. ATMs have become more advanced in recent years, offering unprecedented convenience and security with cameras, passcodes and biometric fingerprint and retina scanners. ATMs Get Smarter.

ATM 127

ATM Video Survey Chicago 127

PYMNTS

MARCH 18, 2019

The term “money laundering” is believed to have originated as a result of infamous Chicago gangster Al Capone’s habit of channeling criminally obtained funds through laundromats, as their cash-heavy nature made it more difficult for the right side of the law to detect such money mixed in among legitimate payments.

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Compliance Regulation Chicago Tools 181

PYMNTS

NOVEMBER 29, 2017

It’s because this type of fraud literally started with laundromats. Enter Al Capone and the Chicago Outfit, who turned the popularity and cash-based nature of the laundromat into an opportunity. It’s just like Al Capone running the “Chicago Outfit” – a much more legitimate-sounding organization than “the Italian mob” or “the Mafia.”.

Chicago 117

Chicago Fraud Operations Marketing 117

PYMNTS

MAY 19, 2016

The Chicago Tribune is reporting that Illinois is set to add facial recognition services to its driver’s license application process. Among the proposed methods, facial recognition has long been a pie-in-the-sky solution, but Illinois is the latest state to show that there’s a future in the tech. ”

Illinois 108

Illinois Chicago System Security 108

PYMNTS

MARCH 9, 2020

We may, as a society, have been dealing with cybercrime, fraud and illegal trafficking for a while, but now, those activities are converging on a global stage. The efforts, funded by PayPal, are being spearheaded by the Center on Crime and Community Resilience, based at Northeastern University and the University of Chicago Crime Lab.

Data 177

Data United States Chicago Community 177

PYMNTS

JUNE 7, 2018

Security Boulevard reported this week (June 6) that in the wake of the new digital security rule taking effect, criminals were quick to use it to their advantage. A phishing scam purporting to come from Apple is the most popular that we’ve seen,” Security Boulevard said. “It

Los Angeles 107

Los Angeles Google Regulation Data 107

PYMNTS

FEBRUARY 18, 2019

The rule applies to all title companies that deal in markets that have luxury real estate including Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle, noted the report. As for the U.K.,

Las Vegas 182

Las Vegas San Antonio San Diego Fort Worth 182

PYMNTS

JULY 15, 2016

The risk analysts over at Bay Dynamics secured a healthy $23 million in Series B funding, the startup revealed on Wednesday (July 13). While there are solutions to help businesses identify or avoid employee fraud, one startup, Behavox , is providing employee management solutions to ensure financial services companies remain compliant.

social media 100

social media Management Analytics Capital 100

PYMNTS

DECEMBER 29, 2016

The Chicago-based business falls under Enova International, Inc., After operating 11 brands in six countries, DeCosmo leveraged the data and analytics to launch Enova Decisions in 2015 and provide clients with custom, real-time analytics services that improve credit risk, fraud protection, operations and marketing.

Data 101

Data Analytics Chicago Industry 101

Abrigo

AUGUST 6, 2019

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk. The 12 major U.S.

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System Las Vegas San Antonio San Diego 264

PYMNTS

APRIL 7, 2016

In other loan activity that was found fraudulent and stopped by the FTC, the commission instigated an investigation into, and stoppage of, a Chicago area operation that used threats and coercion to collect monies that were not owed, spread across six companies and three individuals.

Chicago 100

Chicago Operations Company Fraud 100

Independent Banker

AUGUST 26, 2015

Expanding IT security safeguards to cover physical devices. With the prevalence and importance of Internet-enabled devices increasing nearly everywhere, community banks should remember to expand the scope of their security policies and network monitoring to cover their hardware, according to computer security experts.

ATM 70

ATM Security System Community Bank 70

PYMNTS

FEBRUARY 25, 2020

Chang’s developed its mobile app with safety and customer experience in mind, and plans to leverage mobile order-ahead’s popularity to boost purchases at a new takeout-only location in Chicago. This work is meaningless, though, if fraudsters can run amok in user accounts, and restaurants are not immune to emerging, innovative fraud.

Security 140

Security Mobile Chicago Trends 140

PYMNTS

OCTOBER 2, 2018

Those options will largely be full-service at first, but will contain more à la carte offerings and add-ons over time for large banks, particularly around security and consumer verification. The full-service platform will come pre-built with loan origination, verification and fraud services, decision hosting, analytics and marketing tools.

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PYMNTS

MAY 18, 2016

Flores’ law firm, Chicago-based Edelson, won a similar case against an energy company in 2015 that saw a $5 million windfall paid out to affected subscribers. Except in the low-margin market of on-demand food delivery , that could be an exceptionally tough decision to stomach.

Chicago 100

Chicago System Company Online 100

NCR

NOVEMBER 4, 2016

Cash also looks set to be around for decades to come in the US, with the Chicago Tribune noting in a recent editorial piece that many Americans “still cling to currency” There was approximately $1.46 According to the Q2 2016 Global Cash Index from PYMNTS.com and CardTronics, €2.2 That figure is forecast to rise to €2.2

Chicago 40

Chicago Taxes Payments US 40