PYMNTS

MAY 18, 2018

But the move towards bits and bytes is gathering steam in a bid to bring security to far flung transactions. Notarize, the notary public platform that allows for the remote notarization of documents online, said Thursday that it raised $20 million in a funding round that brings the tally of money raised, cumulatively, to $31 million.

Indiana 133

Indiana Nevada Tennessee Texas 133

Perficient

OCTOBER 12, 2020

We are excited to announce our partnership with Kyriba and dedicated practice to provide our Oracle clients with a robust cloud-based treasury management solution. Payment fraud is now a high-priority concern. Bank connectivity is one of the most complicated aspects of an ERP project. ” .

Risk Management 309

Risk Management Fraud Management Compliance 309

PYMNTS

SEPTEMBER 29, 2020

An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported.

Fraud 189

Fraud Report Management Company 189

Abrigo

OCTOBER 23, 2019

In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. This movement to the cloud requires a robust vendor due diligence process and rigorous ongoing third party management that includes a focus on cybersecurity controls. Get it in writing.

Risk Management 150

Risk Management Management Security Lending 150

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

Security Fintech Data Fraud 174

PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

Fraud 52

Fraud social media Cards Security 52

FICO

JANUARY 25, 2021

Customer identity management is a term that is subject to a number of definitions. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage risk—all while making it simple for customers to transact. Customer identity management operates today in an unpredictable environment.

Management 98

Management Fraud Customer Experience Compliance 98

PYMNTS

JANUARY 18, 2021

The survey also revealed that lack of experience in remote hiring has been a factor not just for entry-level hiring staff and recruiters but also for veteran managers who are simply unfamiliar with conducting such processes virtually. ID Verification In The Remote Age .

Fraud 281

Fraud Survey Training Resources 281

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. Ensuring Secure Workplace Practices. Other fraud attempts targeting workplaces are no less dangerous. Fighting the Phishers.

Fraud 249

Fraud Policies Security Resources 249

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

PYMNTS

JANUARY 4, 2019

It’s no surprise that payments fraud is on the rise. Juniper Research , for example, has estimated that retailers will lose as much as $130 billion in card-not-present (CNP) fraud through 2023 — as tech gets more complex and transactions are done across borders. Then again, the fraud may be a bit more low-tech and on-site.

Fraud 158

Fraud North Carolina Payments Minneapolis 158

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. STACK’s mobile app provides budget management and spending accounts, among other services. Fighting Fraud Visibly and Invisibly.

Security 113

Security Fraud Mobile Cards 113

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alogent acquired document imaging and tracking solution provider AccuSystems.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. LOS process management features.

System 195

System Lending Analysis Software 195

PYMNTS

SEPTEMBER 6, 2019

Verifying Digital Identity In The Sharing Economy , PYMNTS examines how consumers use sharing economy platforms in their everyday lives and how those platforms are taking measures to defend against digital fraud and identity theft. percent of those asked to present physical identification documents in person at brick-and-mortar locations.

Security 125

Security Data Online Regulation 125

PYMNTS

SEPTEMBER 18, 2020

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. The steward of the automated clearing house (ACH), a computer-based electronic network for processing transactions, managed 24.7

Payments 220

Payments Exercises Resources Fraud 220

PYMNTS

SEPTEMBER 28, 2020

Preventing crime also includes thwarting tax fraud, and companies must obtain certain details to fulfill their tax reporting responsibilities. Buyers must acquire documents , such as W-8 or W-9 tax forms and information like taxpayer identification numbers (TINs) from vendors, then validate their details to meet tax obligations.

Data 166

Data Management Taxes Meeting 166

Perficient

FEBRUARY 29, 2024

To address this, institutions are increasingly turning to technology-driven solutions aimed at enhancing service reliability, compliance, and security. The solution automated content-centric workflows for loan documentation review, loan operations, quality assurance, ​ and closed loan processing. ​ ​ ​ 5.

Trends 221

Trends Industry Analytics Compliance 221

Abrigo

JANUARY 3, 2024

Reporting companies are defined as a corporation, limited liability corporation (LLC), or any entity created by filing a document with a secretary of state or similar office, whether domestic or foreign. Stay up to date on AML/CFT and fraud trends with more professional development. Beginning Feb. Talk to a specialist to learn more.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

NOVEMBER 8, 2016

Given the staggering volume that comes through in the banking industry, it would follow that securing those accounts would be imperative, especially in the wake of the seemingly innumerable data breaches worldwide. The notion of using an electronic document, said Clark, has been “essentially embraced globally.”

Security 186

Security Mobile Course Data 186

Abrigo

OCTOBER 15, 2020

Key Takeaways Economic relief payments are often subject to fraud – PPP is no exception. BSA Officers should be aware of PPP red flags to identify potential fraud. Economic relief payments are often subject to fraud, and the Paycheck Protection Program (PPP) is no exception. Other PPP Fraud Indicators. C&I Loans.

Fraud 150

Fraud Lending Los Angeles Taxes 150

PYMNTS

NOVEMBER 10, 2017

For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. One of the easiest areas for internal fraud to occur is in employee expensing. One of the easiest areas for internal fraud to occur is in employee expensing. It’s a very involved process.

Fraud 112

Fraud Compliance Policies Technology 112

PYMNTS

DECEMBER 14, 2020

Payment service provider PayFort , which is based in the Middle East and North Africa (MENA) region, has changed its name to Amazon Payment Services, a letter from Managing Director Omar Soudodi stated, and it will now offer installment payments. In June, PayFort debuted its #StartUpStayUp initiative for Middle Eastern small businesses.

Payments 199

Payments Fraud Video Regional 199

PYMNTS

AUGUST 9, 2020

A Singapore businessman faces charges of falsifying documents that showed more than 100 million euros ($118 million) in three accounts held on behalf of Wirecard AG, The Wall Street Journal (WSJ) reported. But the three accounts didn’t actually hold those funds, according to documents reviewed by WSJ. million euros ($169.5

Fraud 265

Fraud Report Groups Company 265

PYMNTS

JUNE 10, 2020

FIs that already provided mobile options were well-positioned to manage consumers’ and businesses’ finances during the pandemic, but others have had to look beyond their existing relationships to offer digital services. They need to thoroughly vet new customers and comply with security obligations to prevent crime from proliferating.

Mobile 130

Mobile Security Examples Study 130

PYMNTS

JUNE 22, 2020

The Securities and Exchange Commission has filed a lawsuit to freeze the assets of two brothers allegedly engaged in “an offering fraud” and in misappropriating investor funds. Fraud relating to cryptocurrency has been on the rise in recent years as the form has become more mainstream. The complaint was filed in the U.S.

Bitcoin 175

Bitcoin cryptocurrency Pennsylvania Fraud 175

FICO

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. Keeping Up With The Fraudsters.

Fraud 52

Fraud Analytics Cards Tools 52

PYMNTS

JUNE 17, 2020

The goal of using blockchain is to hopefully cultivate a reliable source of information, documenting every data point necessary to keep track of the supply chain. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

AUGUST 3, 2020

managing director at Melissa , told PYMNTS in a recent conversation. For example, fraud across all financial products in the U.K. Melissa’s ID offering breaks down into three groups — an identity verification solution, a document verification offering and a biometric authentication service. rose 33 percent in April.

Fraud 225

Fraud Online Data Tools 225

PYMNTS

DECEMBER 9, 2020

The passwords, user names and Social Security numbers that once helped us prove we are who we say we are now are vulnerable or have already been compromised. The state is doing that in part by imposing penalties on companies found to be lax in implementing strong security measures to protect personally identifiable information.

Regulation 234

Regulation Security Data Course 234

PYMNTS

MARCH 14, 2019

Wirecard, a German payments company, said an internal investigation has cleared its Asia-Pacific accounting manager who was accused of faking transactions to boost revenue numbers. The manager will reportedly remain on leave until external inquiries are completed. The law firm’s initial findings in May spurred the FT reports.

Management 134

Management Compliance Report Company 134

FICO

MARCH 8, 2021

Filing early will reduce the chances that a financial criminal will use stolen personal information (your name and Social Security Number [SSN] or Tax Identification Number [TIN]) to file a fraudulent tax return first, snatching, literally, a refund out of your hands. How do fraudsters commit tax refund fraud? File early.

Taxes 52

Taxes Fraud Security Cards 52

FICO

OCTOBER 26, 2018

Our recent fraud and security survey of 2,000 US adults allowed us to look at the data by different demographic factors. In an earlier post I wrote about how fraud and security issues differ by age group. Security Measures. 37% of men also find security measures over-complicated, compared to 30% of women.

Survey 45

Survey Fraud Security Online 45

Perficient

APRIL 2, 2021

fraud detection and financial crime monitoring). email, text, audio data), with the aim of identifying fraud or anomalous transactions. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Risk Management. Credit Decisions. Textual analysis.

Regulation 309

Regulation Industry Risk Management Analysis 309

FICO

OCTOBER 18, 2018

But it can be difficult to really understand how, or if you should be customizing online experience to different age group, and how you do that when you must also manage fraud and security. Our survey of 2,000 US consumers uncovers how the age of customers affects what they think about fraud and security measures.

Survey 40

Survey Fraud Security Groups 40

PYMNTS

NOVEMBER 11, 2019

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. Other companies are turning to management and workflow automation tools to improve their KYC and AML efforts. How Zillow Co mbats Real Estate Fraud.

Video 161

Video Fraud Compliance Security 161

PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

Fraud 100

Fraud Compliance Security Industry 100