PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Keeping An Eye On Fraud.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Or does it?

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

OCTOBER 10, 2019

The cloud storage subscription market is expected to increase at a compound annual growth rate (CAGR) of 24.8 Cloud storage subscription providers are required to offer payment experiences that would-be consumers in both developed and underdeveloped nations find convenient and compelling. Cryptocurrency And Credit Cards.

Marketing 116

Marketing Payments Cards cryptocurrency 116

PYMNTS

MARCH 23, 2018

To take stock of the cryptocurrency market, take stock? News came Friday that the wild west of cryptocurrencies — where fortunes are made and lost in the blink of an eye, and where regulations are less than regular — might be well-governed by the stock market when it comes to governance. After a fashion.

Marketing 109

Marketing cryptocurrency Conference Security 109

PYMNTS

SEPTEMBER 23, 2020

Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms. 21), noting that it would offer an alternative to private cryptocurrencies. The idea of a digital token has been touted by a number of nations and firms lately. Chinese Regulator Fines Luckin, 43 Other Companies In Fraud Case.

Cards 214

Cards Google Regulation cryptocurrency 214

PYMNTS

NOVEMBER 18, 2020

18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. While the digital coin has been going through waves in its price point, some analysts and cryptocurrency fans said they think the trajectory is uphill. Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. Eastern Time.

Bitcoin 151

Bitcoin Report cryptocurrency Security 151

CFPB Monitor

AUGUST 31, 2022

On August 10, 2022, four Senators, Elizabeth Warren (D-MA), Dick Durbin (D-IL), Sheldon Whitehouse (D-RI), and Bernie Sanders (I-VT), sent a letter to Acting Comptroller of the Currency Michael Hsu, asking him to reverse four interpretive letters regarding whether it is permissible for national banks to provide cryptocurrency services.

cryptocurrency 78

cryptocurrency National Fraud Regulation 78

PYMNTS

SEPTEMBER 17, 2020

Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk reported. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. The watchdog would be known as the Digital Markets Unit. In the nascent and burgeoning cryptocurrency space, the U.S.

Regulation 352

Regulation social media Course Apple 352

PYMNTS

NOVEMBER 15, 2019

German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20.

DC 100

DC social media Bitcoin cryptocurrency 100

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

cryptocurrency 101

cryptocurrency National Fraud Security 101

PYMNTS

SEPTEMBER 29, 2017

Switzerland is the latest nation to take a harder look on this new crowdfunding method, which allows cryptocurrency entrepreneurs to raise millions by creating and selling digital “tokens.”. Bancor Protocol, a Zug-based foundation enabling the creation of other cryptocurrencies, raised over $150 million in June.

cryptocurrency 124

cryptocurrency Bitcoin Regulation blockchain 124

PYMNTS

MARCH 29, 2019

According to The Next Web , fraudsters create fake campaign pages on Facebook and promote their posts using celebrity endorsements of a specific cryptocurrency. s national fraud helpline has found that in the 12 months leading up to March 19, investors lost over £15 million ($19 million) to bitcoin scams. In addition, the U.K.’s

Bitcoin 116

Bitcoin blockchain Fraud cryptocurrency 116

PYMNTS

NOVEMBER 15, 2018

Data: Thanksgiving Day Will See Peak Fraud Attempts. New data shows a projected 14 percent increase in fraud attempts during the upcoming 2018 holiday season, with fraud likely to peak on Thanksgiving Day. Instacart Raises $271M on $7.8B Bitcoin Drops Below $6,000.

Bitcoin 185

Bitcoin Fraud America National 185

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The filing comes days after the company revealed that it was expecting a lawsuit to be filed against it.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

PYMNTS

MARCH 14, 2019

For corporate treasurers, Manish Kohli, global head of payments and receivables at Citi , told PYMNTS’ Karen Webster, three concerns tend to top the list: geopolitical uncertainty, cyber threats and disruption resulting from the emergence of new business models in an interconnected global market. More Progress, New Challenges.

Payments 193

Payments Innovation National Fraud 193

PYMNTS

JUNE 30, 2020

The company said in the report, “As the value of cryptocurrency rises and falls, so does the mining encounter rate. “. In other news, authorities in Spain have taken 33 individuals into custody who allegedly marketed illicit pharmaceuticals via the web and laundered at least some of their $3.37

Bitcoin 200

Bitcoin United States cryptocurrency Mobile 200

PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

blockchain 113

blockchain National New York cryptocurrency 113

South State Correspondent

FEBRUARY 14, 2022

While real estate, airplanes, boats, and automobiles have a transparent chain of title, that title and associated purchase information are stored in various forms in various counties and cities across the nation. Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.)

blockchain 195

blockchain cryptocurrency Data Payments 195

PYMNTS

JULY 22, 2019

Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. And there is no shortage of interest in the region in that ability, with particular interest coming from the financial services sector, the cryptocurrency markets and in the healthcare vertical. A Diversity Of Needs.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

JULY 27, 2017

noted the report, plans to extradite Vinnik, who two sources told Reuters is the key person behind the cryptocurrency platform that was down since earlier this week. “An AlphaBay has been down since early July, following the arrest of founder Alexandre Cazes, a Canadian national living in Bangkok.

cryptocurrency 100

cryptocurrency Bitcoin National Operations 100

CFPB Monitor

JULY 14, 2022

The Order seeks a national policy for digital assets across six “key priorities” : consumer and investor protection; financial stability; illicit finance; U.S. Mitigation of illicit finance and national security risks posed by misuse of digital assets; d. General risks in digital assets financial markets, including market transparency.

United States 78

United States Leadership Policies Regulation 78

PYMNTS

DECEMBER 8, 2017

A cryptocurrency mining market in Slovenia, which lost millions in bitcoin in a Wednesday (Dec. At least 36 heists have been perpetrated against cryptocurrency exchanges since 2011, most notably the 2014 collapse of bitcoin market Mt.

Bitcoin 105

Bitcoin cryptocurrency Video National 105

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. A PYMNTS survey of a national sample of 2,147 U.S. New Data: Consumers Want Banks To Use Location Data To Keep Accounts, Transactions Fraud-Free. Top Trackers And Reports.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

SEPTEMBER 29, 2020

In a report, the Financial Intelligence Unit said that firms registered in other nations and led by eResidents have participated in “a few large-scale exit scams," Bloomberg reported. Approximately 70,000 virtual IDs have been provided to eResidents from 174 nations. Estonia is a country of 1.3

social media 193

social media Bitcoin National Report 193

PYMNTS

JULY 1, 2019

The potential to reshape society, to connect people in new and transparent ways, addressing the unique challenges of emerging markets, is within grasp.”. The post even included a made-up quote from the crown prince, saying that trading platform is “my way of giving back to the people,” according to The National.

Bitcoin 100

Bitcoin blockchain social media New York 100

Gonzobanker

JULY 9, 2021

The fintech market is smokin’ hot right now. SoFi announced an agreement to acquire Golden Pacific Bancorp for ~$22 million, advancing the digital personal finance company’s regulatory pain point to obtain a national bank charter and offer more choices to both consumers and businesses. Fintech is no different.

Fintech 197

Fintech Lending Community Payments 197

PYMNTS

JULY 17, 2019

Thom Tillis noted that for good or ill, cryptocurrency is here, and a potential important force in the market that ought to be reckoned with. It’s a good idea for us to explore this because quite honestly cryptocurrency now is still kind of the wild, wild west that is not well regulated,” he said. North Carolina Sen.

cryptocurrency 142

cryptocurrency North Carolina Idaho Louisiana 142

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

OCTOBER 2, 2018

Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. Among the more prevalent criminal methods focused on business, according to Divitt: new relationship fraud.

Fraud 149

Fraud Course System Big Data 149

PYMNTS

MARCH 17, 2017

Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. The SEC noted that for them to approve an exchange that lists and trades shares of commodity-trust, exchange-traded products, the exchange must first have surveillance-sharing agreements with significant markets.

Bitcoin 123

Bitcoin Regulation cryptocurrency blockchain 123

PYMNTS

SEPTEMBER 17, 2018

For airlines and hotels, catering to customers from around the world means dealing with a long list of complications, including accepting payments in a host of local currencies, complying with national and international regulations, and finding ways to afford or offset the high price of processing fees.

Data 122

Data Analytics Security Payments 122

PYMNTS

JANUARY 24, 2018

Securities and Exchange Commission (SEC) recently made that clear with news this week that the agency would crack down on businesses using the blockchain name to boost shares, a recent phenomenon in the market hitting everything from an iced tea firm to a solar energy company. SEC Chairman Jay Clayton spoke Monday (Jan. Sullivan last year.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

PYMNTS

DECEMBER 8, 2020

The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Experts estimate that cryptocurrency-related crimes totaled $4.3 billion in laundered money , with this problem only expected to grow as cryptocurrencies grow more popular. billion by 2024.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. fleet managers consider fuel card fraud a major issue , found oil giant Shell in its first Fraud Matters report on the fleet card industry.

Fintech 108

Fintech Lending Fraud Cards 108

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. reports said, as is corporate employee fraud. For businesses, it can be difficult to obtain a clear vision of finances and cash positions.

Management 104

Management Bitcoin Survey Report 104