PYMNTS

APRIL 29, 2019

As part of the agreement, the company must pay restitution to shareholders, as well as implement internal controls and cooperate with the investigations of the former executives allegedly involved in the fraud. While the company previously traded on the New York Stock Exchange, it was delisted last year and now trades over the counter.

Fraud 108

Fraud Indianapolis New York Operations 108

PYMNTS

DECEMBER 30, 2020

Headquartered in Brooklyn, New York, Songkick is a concert discovery service owned by Warner Music Group. . The deal resolves the five criminal counts including wire fraud, conspiracy and computer intrusion. Department of Justice reached a deal with Ticketmaster before U.S. Further, Ticketmaster will have to report to the U.S.

Los Angeles 223

Los Angeles Fraud New York California 223

PYMNTS

NOVEMBER 22, 2019

Ongoing security concerns have prompted the Federal Reserve to further scrutinize big tech firms that serve the banking industry, The Wall Street Journal (WSJ) reported on Thursday (Nov. Can we look at their overall compliance management program?”. 21), citing a senior official.

Security 116

Security Policies Conference Compliance 116

PYMNTS

DECEMBER 7, 2018

7), Canadian prosecutors officially accused Huawei Chief Financial Officer Meng Wanzhou of sanctions fraud. The New York Times reported that Ms. The presentation appeared to claim that Huawei operated in Iran in compliance with the sanctions. Meng’s presentation was an act of fraud. On Friday (Dec.

Fraud 116

Fraud United States New York Compliance 116

PYMNTS

JANUARY 15, 2021

These violations, said FinCEN, “caused millions of dollars in suspicious transactions to go unreported in a timely and accurate manner, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes laundered through the bank into the U.S. financial system.”.

Capital 268

Capital New Jersey Groups New York 268

PYMNTS

JANUARY 5, 2018

Western Union has agreed to pay a $60 million fine as part of a consent order with the New York State Department of Financial Services. 4) the fine for violations of the New York Bank Secrecy Act and anti-money laundering laws. The DFS noted that Western Union has a history of compliance issues.

New York 116

New York Fraud Compliance Report 116

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” Every Transaction Is Assessed for Fraud. FICO’s patented and proven fraud analytic capabilities have helped organizations save $90 billion+ per year. Steps Ahead of Financial Criminals.

Fraud 98

Fraud Cards Analytics Mobile 98

Payments Source

NOVEMBER 15, 2018

A Brooklyn, New York, man agreed to plead guilty to conspiracy to commit securities fraud in what’s believed to be the first such case involving an initial coin offering -- the rough equivalent of an IPO for digital currencies, according to a person familiar with the matter.

Fraud 63

Fraud New York Security cryptocurrency 63

Perficient

AUGUST 16, 2023

Lessons To Be Learned While Heartland Tri-State Bank of Elkhart is, by far, the smallest to fail in the past year, with the next closest in size being Signature Bank in New York (Signature failed on March 12 th , 2023 with $110 billion of assets and $88.6 billion in deposits), the failure still poses lessons for bank executives.

United States 221

United States Kansas FDIC Risk Management 221

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems and network security.

Cyber Security 100

Cyber Security Regulation Security New York 100

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

FEBRUARY 13, 2019

The move targets one of the largest pain points of Know Your Customer (KYC) compliance for businesses and their financial institutions (FIs): the complexity linked to corporations that use multiple banks across multiple jurisdictions. law enforcement led to 13 arrests in New York in 2017. ”

Compliance 160

Compliance Regulation Charlotte Data 160

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

Samsung 162

Samsung New York Branding Apple 162

PYMNTS

SEPTEMBER 10, 2019

How FinTech Apps Can Ace Security. As a result, companies must either invest in teams of AML specialists or fraud-fighting technologies. The September AML/KYC Tracker takes a look at the latest fraud challenges and efforts to ensure tight security and compliance. B2B Payments: Moving from Inertia to Ignition.

Apple 108

Apple New York City Payments New York 108

FICO

DECEMBER 7, 2021

Our collective reliance on phones has a number of implications for fraud, and in 2022 I predict that fraudsters will be so dialed in to our mobile lifestyles they will ply their trade in more ways and places than ever—including space. We can make a New Year’s resolution to stop checking our phones 63 times a day. What can banks do?

Fraud 52

Fraud Cards Payments Course 52

PYMNTS

SEPTEMBER 17, 2019

Regulators are also looking over Metro Bank’s regulatory reporting and governance for compliance. . “As Metro Bank has been mired in controversy and in May was hit with an investigation by two New York law firms, Pomerantz and Levi & Korsinsky, on behalf of investors concerned that the institution committed securities fraud.

Metro 116

Metro Management Regulation New York 116

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

PYMNTS

SEPTEMBER 20, 2017

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. Maine is currently the only state that requires credit agencies to register, but its law does not cover cyber security.

Cyber Security 100

Cyber Security Report New York Massachusetts 100

PYMNTS

JULY 12, 2019

That said, in a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis. Fraud, in the herbal world, is a very common occurrence,” she told PYMNTS in a recent interview.

Retail 154

Retail Colorado Regulation Compliance 154

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York. Visualizing the institution’s lending footprint can lead to improved targeting of growth areas.

Report 195

Report Risk Management Capital Data 195

PYMNTS

OCTOBER 11, 2017

Toronto-based technology startup nanopay aims to make the whole process easier — and more secure. Now, customers in those countries can use the platform to send money to each other and have all the complex cross-border and compliance components handled by nanopay. nanopay is that middleman for payments, according to Cooke.

Payments 101

Payments New York City New York Conference 101

Insights on Business

MAY 3, 2019

In a number of areas, further education is necessary, additional trust and security is required, advances in payments technology are evolving, and real time payments are still needed. It enables clients to quickly add value, stability and compliance to their operations and deliver secure real-time payments while significantly reducing costs.

Payments 87

Payments Fraud Security Innovation 87

Insights on Business

JUNE 18, 2018

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. It won’t be all glitz and glamour in New York because with these commanding technologies also comes great responsibility. We are excited to see you all this week at SIFMA 2018.

Conference 70

Conference Fintech blockchain Compliance 70

PYMNTS

SEPTEMBER 22, 2017

The company’s shares have fallen more than 30 percent since the hack, which exposed consumer names, Social Security numbers, birthdates, addresses and, in some cases, drivers’ license numbers. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State.

New York 116

New York Atlanta Massachusetts Regulation 116

PYMNTS

JUNE 29, 2018

The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times.

California 100

California Data Online New York 100

Abrigo

AUGUST 6, 2019

At the recent NYU Law Program on Corporate Compliance and Enforcement , FinCEN Director Kenneth A. 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. The 12 major U.S.

System 264

System Las Vegas San Antonio San Diego 264

PYMNTS

FEBRUARY 18, 2019

trillion a year, reported Mansion Global, citing data from Accuity, a global risk and compliance company. Money laundering through real estate is about $1.6 Patrick Hinchin, vice president of commercial strategy at Accuity, said in the report that money laundering through real estate is becoming more common in Australia, America and the U.K.

Las Vegas 182

Las Vegas San Antonio San Diego Fort Worth 182

PYMNTS

NOVEMBER 3, 2017

Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness. Expense Management. AppZen said it plans to use the backing to focus on customer acquisition and to scale its existing team.

Analytics 189

Analytics Data Capital San Francisco 189

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 That’s the same trend benefiting Google. “It

Los Angeles 107

Los Angeles Google Regulation Data 107

Gonzobanker

OCTOBER 24, 2018

That cost Wells an initial $185 million in fines and another $142 million in a class action suit, followed in May 2018 with another $480 million in settlements for related securities fraud. Wells quickly points to this issue being unearthed internally as evidence that its new commercials are spot on.

San Francisco 150

San Francisco Industry America Compliance 150

FICO

NOVEMBER 19, 2019

One of the hottest hot beds of innovation is artificial intelligence to combat financial crime, fraud and cyber risks while helping financial services organizations comply with security, privacy and data protection regulations. An immense amount of R&D investment is being focused in this area, producing a stream of new products.

Innovation 40

Innovation New York Compliance Fraud 40

Celent Banking

JULY 6, 2016

In a June 21 New York Times article , Tom Shaw, vice president for enterprise financial crimes management at USAA was quoted as saying, “We believe the password is dying. At ATMs – it contributes to skimming fraud. Banks shouldn’t stop there, however.

Branch Design 113

Branch Design Survey New York ATM 113

FICO

MAY 8, 2019

These updated changes have helped increase accuracy of reporting, reduce portfolio risk, reduce costs and minimize fraud, while continuing to meet industry compliance standards. “In Andras Cser, principal analyst - security and risk professionals at Forrester. Anna Milne, editor at Finextra.

New York City 51

New York City Management Innovation New York 51

NCR

MAY 3, 2016

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. One such group stole over $100 million in March 2016 from the Bangladesh central bank account at the Federal Reserve Bank of New York.

Policies 40

Policies Security ATM System 40

Celent Banking

APRIL 18, 2016

Last week many of us at Celent were in New York attending our Innovation and Insight Day on April 13th. Security, Fraud, and Risk Management. It is Celent's flagship event during which we announce Model Bank and Model Insurer winners and celebrate their achievements. Bank of China, China. CBW Bank, US. CIBC, Canada.

US 100

US Case Study Risk Management America 100

PYMNTS

APRIL 18, 2017

In the effort to shore up cyber defenses among financial companies, regulations are looming in New York state. Among the new rules: Firms must employ and deploy a senior chief information security officer, or the corporate board, to approve written policies for cybersecurity.

New York 166

New York New York City Fraud Regulation 166

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. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Table of contents. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78