PYMNTS

MARCH 14, 2019

Strategic Treasurer and TD Bank found in their survey that the majority of respondents said manual processes are their biggest operational challenges today, more so than issues like fraud, regulatory changes or staffing. Even fewer — 5 percent — have adopted blockchain, and only 2 percent use cryptocurrencies.

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Fraud Survey Taxes Regulation 115

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. In the nascent and burgeoning cryptocurrency space, the U.S. Beyond The Companies .

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Regulation social media Course Apple 352

PYMNTS

APRIL 15, 2019

Not every innovation is a good innovation. The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. The fraud is fairly easy to pull off because it bypasses many existing controls for capturing it.

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Fraud Data Security Ohio 129

PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. Regulated” is a word Höptner returned to repeatedly in the announcement.

Regulation 169

Regulation cryptocurrency Groups Innovation 169

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. Might that pave the way for the emergence of cryptocurrency ETFs?

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cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. The company said its technology prevented one fraud attempt every 51 seconds during the month, totaling 22,000 thwarted attacks.

Video 211

Video Report Meeting United States 211

PYMNTS

JANUARY 28, 2020

When it comes to payment rail innovation, transaction speed is often the catalyst driving change. The Clearing House, which operates one of the U.S.’s currently accept cryptocurrency as payment, with even more investing in crypto for their own use. The Clearing House Expands RTP Opportunity.

Payments 199

Payments blockchain cryptocurrency Innovation 199

PYMNTS

SEPTEMBER 11, 2019

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. Meanwhile, cryptocurrency payment processor BitPay has been accused of blocking donations to Hong Kong for several weeks. The surge artificially inflates demand, and then the actors dump their tokens.

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PYMNTS

NOVEMBER 22, 2020

Malicious actors have now managed to momentarily take control over several cryptocurrency platforms by scamming employees at GoDaddy, the domain hosting service for these sites, in multiple attacks. 18, NiceHash discovered that hackers had been able to briefly redirect email and web traffic to privateemail.com, operated by Namecheap Inc.

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cryptocurrency Bitcoin Security Innovation 131

CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” It makes the “suggestion” to confer first with the OCC before onboarding any cryptocurrency clients. The key phrase above is “any lawful business.” The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

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cryptocurrency Regional Regulation Operations 199

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. Coin Telegraph reported that Token Analyst found that almost 1.2

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

Abrigo

NOVEMBER 11, 2021

Usually, the ransom is a substantial amount of money or cryptocurrency. Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Trends and Typologies.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Usually, the ransom is a substantial amount of money or cryptocurrency. Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This is a classic layering method using innovative technology. Trends and Typologies.

Fraud 195

Fraud cryptocurrency System Trends 195

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Regulation social media cryptocurrency United States 129

PYMNTS

NOVEMBER 15, 2019

Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. Amazon To Build $40M Robotics Innovation Hub Near Boston. Deutsche Bank told U.K. Money Laundering Epidemic.

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

MARCH 4, 2020

The Financial Crimes Enforcement Network (FinCEN) has fined Michael LaFontaine, former chief operational risk officer at U.S. FinCEN encourages technological innovations to help fight money laundering, but technology must be used properly.” . 10, with new regulations for cryptocurrencies, wallets and exchanges.

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US Regulation cryptocurrency Resources 130

PYMNTS

DECEMBER 4, 2020

Regulatory hurdles still exist, but when PayPal announced that its 350 million users can transact with bitcoin and other cryptocurrencies, the game changed. Daniel Gouldman, CEO of crypto banking platform operator Ternio, told Karen Webster that even Grandma can now access a new way to interact with currency. Top Trackers And Reports.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

JULY 1, 2019

Blockchain has potential to securely transmit remittance data along with payments in cross-border B2B transactions, enable companies to use smart contracts to enforce business agreements in B2B trade and mitigate the risk of fraud in supply chain transactions. Many still have hopes for blockchain, but it’s still very much a work in progress.

blockchain 211

blockchain Payments Retail Innovation 211

PYMNTS

AUGUST 15, 2018

The finding suggests a shift in the market, with corporates unsure or unconvinced of how faster payments capabilities might affect their operations. Regardless of which technological innovation will make the greatest change, TD Bank researchers noted that organizations are struggling to keep up. Corporates’ Other Needs.

Payments 101

Payments San Diego Survey cryptocurrency 101

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so.

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Insights on Business

MAY 1, 2018

As the banking Payments ecosystem in Canada continues to expand, IBM is looking forward participating in the upcoming Payments Canada Summit , held in Toronto on May 9-11 with industry leaders, innovators and challengers. Cryptocurrencies. Learn more about IBM Safer Payments and fraud detection technology here. Biometrics.

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System Payments blockchain Fraud 126

PYMNTS

JANUARY 30, 2018

Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily. One way to get consumer confidence is that someone has to look after the issue of fraud,” he told the publication. “At

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blockchain Security Software Tools 144

PYMNTS

MARCH 13, 2017

G2 Web Services categorizes these alternative payments among eight different types, which include peer-to-peer (P2P) payments, money service businesses (MSBs), eWallets, mobile payments, prepaid cards, vouchers, bank debits and credits or linked bank accounts and cryptocurrencies. The APM Growth Trajectory. Consequences of Aiming Low.

Payments 148

Payments Fraud Cards Operations 148

NCR

AUGUST 18, 2017

It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector. Forecasts about medium-term cost savings of key operations are promising. Significant savings to be made. The hurdles to be overcome.

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blockchain Technology cryptocurrency Study 75

PYMNTS

MAY 16, 2016

fleet managers consider fuel card fraud a major issue , found oil giant Shell in its first Fraud Matters report on the fleet card industry. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. 65% of U.K. 60% of U.K. and U.S.

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Fintech Lending Fraud Cards 108

PYMNTS

JANUARY 26, 2017

G2 found that, in response, cybercriminals have shifted their illicit transactions to alternative payments systems, new entrants and cryptocurrency. He noted that alternative payments, while innovative, fast and time-saving, haven’t had the same compliance, risk and security processes built into their core like traditional payment methods.

Bitcoin 100

Bitcoin cryptocurrency Compliance Branding 100

Independent Banker

NOVEMBER 25, 2015

It’s a worrisome and complicated dynamic that’s putting competitive pressure on community banks, but it’s also creating opportunities through data analytics, partnerships and the ability to innovate to meet evolving customer demands. “We This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy.

Community Bank 70

Community Bank Community Analytics Lending 70

Vitalik Buterin

NOVEMBER 22, 2019

In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity. One of the largest problems facing the cryptocurrency space today is the issue of scalability.

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FICO

DECEMBER 23, 2020

It has also opened new doors for criminals, who have rushed to exploit the uncertainty in a pandemic world and devised new money laundering and terrorist financing schemes by taking advantage of loopholes in the regulations, new ways of working aided by advances in technology, and electronic payment innovations.

Compliance 52

Compliance Regulation Data Risk Management 52

South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. Technology platforms around cryptocurrency, student loans, or financial education may be cool and cheap. Does The Technology Fit My Desired Future Architecture?

Technology 195

Technology Customer Experience Data Training 195

South State Correspondent

JULY 25, 2022

Providing a narrative around your “fortress balance sheet,” ever-more-efficient operations, and defensive vision is now critical. Expense Control: How are higher inflation and the cost of inputs impacting operating income? Fraud & Cyber: P2P fraud, account takeover, and synthetic IDs have hurt banks in 2Q.

Trends 195

Trends Lending Marketing Capital 195

PYMNTS

OCTOBER 31, 2018

Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit. In the U.S.,

blockchain 201

blockchain Fraud Data Study 201

PYMNTS

DECEMBER 28, 2018

A year ago, enthusiasts spoke of a world powered by cryptocurrencies and challenger banks, with alternative payment methods (APMs) such as Klarna , Google Pay and other digital or contactless methods taking over for venerable cards (which have crossed the half-century mark!). Here’s where the innovation really happened in 2018.

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Google blockchain Fraud eBook 115

CFPB Monitor

MARCH 10, 2022

President Biden has signed an Executive Order intended to respond to the explosive growth in digital assets, including cryptocurrencies. Through this group, the FLEC will work to develop consumer-friendly, trustworthy and consistent educational materials, tools and outreach to help consumers make informed choices about digital assets.”

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FDIC National cryptocurrency Leadership 148

FICO

MARCH 6, 2020

In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Fraud and money-laundering are closely connected. Can you elaborate on that?

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