PYMNTS

MAY 20, 2020

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger.

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PYMNTS

SEPTEMBER 29, 2020

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. The European Union has become the latest jurisdiction to pave the way for cryptocurrency adoption. During the lockdown, many people shifted to accessing banking and other financial services online.

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PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. Cryptocurrency has become something of a go-to method for scammers , according to DOJ, as exchanges are often lightly regulated and there are no easy ways to follow the money.

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PYMNTS

MAY 3, 2019

Officials in Germany have shut down a covert illegal online marketplace and detained three men they say are responsible for leading the online trading platform, according to a report by Reuters. The men were captured after a joint operation, started in March, by the European Union’s Europol agency. Of that, $4.5

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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Today’s pig butchering scams usually involve investment schemes and cryptocurrency fraud. Would you like other articles like this in your inbox?

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Perficient

NOVEMBER 8, 2021

BB : In 1992, I discovered these online bulletin boards, where you could communicate with people all around the world. MM: So, you started at City National Bank, and was the bank online before you got there? What does the future hold for cryptocurrency? Cryptocurrencies will play a major role in this. BB: 19 years.

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Bank Innovation

FEBRUARY 1, 2018

EXCLUSIVE – Payments might not be a substantial portion of social media platform Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch payment capabilities for social media platforms such as Messenger.

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PYMNTS

APRIL 18, 2019

Over the course of their operation, the men shipped more than 1,000 packages to buyers in 43 states, and laundered $2.3 million in cryptocurrency. The indictment points out that those items are needed “to manufacture and sell tablets containing controlled substances.”. “It is definitely a significant arrest.”

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PYMNTS

OCTOBER 13, 2020

And, while terrorist use of cryptocurrency is still evolving, certain terrorist groups have solicited cryptocurrency donations running into the millions of dollars via online social media campaigns.”. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

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PYMNTS

SEPTEMBER 26, 2019

has created a global cryptocurrency (ASK) that enables consumer engagement. The Permission Marketplace operates like other major eCommerce platforms, connecting users with products from major retailers. As a deep technology company with extensive intellectual property, including nine U.S. database-optimization patents, Permission.io

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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.

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PYMNTS

DECEMBER 11, 2020

Of the more adventurous paths in global finance and the protection of it, cryptocurrencies and stablecoins getting attention as they heat up and blockchain lays out new digital-first rails. The zeal with which crooks are now targeting cryptocurrencies signals the need for additional layers of security.

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PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

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PYMNTS

DECEMBER 17, 2020

As of this writing, and as noted by CNBC , the marquee name of cryptocurrency stands out as it touches fresh new highs of about $23,000, eclipsing the highs seen as far back as three years ago, when bitcoin approached $20,000. Ternio, of course, has linked with Visa as a cryptocurrency-focused enablement partner.

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PYMNTS

OCTOBER 3, 2018

Coinbase , the cryptocurrency exchange operator, is nearing a deal that would give it a valuation of around $8 billion, reported Recode. With cryptocurrencies facing a steep decline in values this year, the core business at Coinbase has suffered. Some of the investment will be used to buy out some of its existing shareholders.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". In the nascent and burgeoning cryptocurrency space, the U.S. Beyond The Companies .

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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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PYMNTS

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., said the Coinbase Card is funded by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online with bitcoin , ethereum, litecoin and other digital tokens.

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PYMNTS

DECEMBER 6, 2020

Some Chinese shoppers visiting an established online mall will be able to buy goods with the country's first official digital currency under a new trial announced over the weekend, Reuters and other wire services reported. The digital yuan is not a cryptocurrency, but a digital version of the official yuan.

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PYMNTS

MAY 20, 2020

And now the fraudsters, increasingly, seem to be eyeing bitcoin, the marquee name in cryptocurrency, as coin of the realm across the dark web. In another finding, late last year, CipherTrace reported that cryptocurrency-related theft was poised to hit $4.4 The digital age, of course, has given rise to digital scams.

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PYMNTS

AUGUST 22, 2019

Treasury is looking at numerous cryptocurrency addresses and people associated with them as part of the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act, Cryptovest reported on Thursday (Aug. Any addresses deemed to be associated with foreign narcotics operators are added to the Specially Designated Nationals (SDN).

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PYMNTS

JUNE 27, 2019

According to data from CoinATMradar.com, cryptocurrency ATM manufacturer General Bytes has installed 69 new machines since the beginning of June, while Genesis Coin added 24 new BATMs, and Lamassu and Bitaccess added 13 and 11 cryptocurrency ATMs, respectively. percent. In other news, it was announced that the U.K.’s

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PYMNTS

MARCH 7, 2018

Reuters reported news that the price of the marquee name in cryptocurrencies dipped as low as $9,450 in intraday trading when the Securities and Exchange Commission (SEC) announced there were “potentially unlawful” systems operating that allow the trading of cryptocurrencies.

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Banking Exchange

OCTOBER 14, 2019

Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.

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PYMNTS

SEPTEMBER 16, 2020

And the central bank of the Bahamas will reportedly launch the Sand Dollar throughout the country next month following a test of the cryptocurrency on Abaco and Exuma in 2019, Bloomberg reported.

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Abrigo

DECEMBER 27, 2022

And while final numbers are still being calculated for 2022, bankers saw typologies exacerbated by the pandemic provide criminals with avenues for fraud while cryptocurrency scams surfaced more frequently. Business email compromise (BEC): Business email compromise (BEC) is one of the most financially damaging online crimes.

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PYMNTS

AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. In simple terms, SPEDN processes transactions made with cryptocurrencies such as bitcoin, Ethereum and Litecoin, among others.

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PYMNTS

JULY 6, 2020

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. In other news, a subsidiary of cryptocurrency exchange Kraken in the U.K.

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. SEN allows our institutional customers to deposit and withdraw U.S.

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PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Despite these digital developments, there are still hurdles that banks and other financial firms must overcome.

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Bank Innovation

DECEMBER 19, 2017

Aside from the important events like record-level funding for fintechs across the globe, cryptocurrency mania, Coinbase entering the Unicorn club at a $1.56B valuation in the last quarter, there have been some […].

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PYMNTS

DECEMBER 17, 2018

13), Bill.com said in its report, “ The Rise of Modern Business Payments ,” that accounting professionals now point to ACH payments as the dominant way they pay their corporate bills, with 73 percent noting that they use ACH payments and online banking to pay their clients’ invoices. In an announcement on Thursday (Dec.

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PYMNTS

JULY 28, 2019

In other news, Alkiviades David and his Swiss-based consortium announced the launch of The Swissx Bank of Cannabis, which will operate SWX Coin, a cryptocurrency pegged directly to the median global price of premium hemp flower. percent bitcoin back on all online purchases at Safeway.com.

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CFPB Monitor

AUGUST 25, 2022

As such, the court reasoned that the goal of the MTA is to regulate all kinds of transfers of funds, whether fiat currency, virtual currency or cryptocurrencies. Such entities require a money transmitter license to operate in the District.”

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PYMNTS

FEBRUARY 7, 2020

As noted in this space in 2019, Ripple Labs , which has been developing and deploying the XRP cryptocurrency, invested $50 million in MoneyGram, in an effort to develop cross-border payments functionality underpinned by blockchain. MoneyGram has, over the past several months, picked up significant investment from other companies.

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PYMNTS

AUGUST 3, 2018

To allow eCommerce merchants to accept cryptocurrency from buyers, Coinbase has rolled out a new plug-in. The exact terms of the deal were unknown, as of the report, and Coinbase will need the green light from regulators to operate under the Keystone licenses.

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PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used. “So

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