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. Fighting Fraud Visibly and Invisibly. Facing Future Fraud. Partnering With Established Players.

Security 113

Security Fraud Mobile Cards 113

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

Perficient

FEBRUARY 29, 2024

Banking Rewards and Loyalty Programs Throughout the year, banking rewards and loyalty programs will take on increased significance, highlighting the critical role of personalization in enhancing customer retention and maintaining competitiveness in the face of external pressures such as money markets.

Trends 221

Trends Industry Analytics Compliance 221

PYMNTS

SEPTEMBER 19, 2019

As well, successful criminals know that their targets are often complex systems — and complex systems offer many opportunities for financial fraud and massive theft. Welcome to the world of advertising fraud. As PYMNTS research has documented , advertisers will lose a projected $5.8 It’s highly lucrative,” Xie said.

Fraud 132

Fraud Payments Online Mobile 132

PYMNTS

MARCH 11, 2020

FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide. They also must keep their honest merchant customers protected from fraud. Deep D ive: Identifying ID-Free Individuals With Mobile Data, Biometrics.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

SEPTEMBER 25, 2019

And it may be the case that in the tradeoff between convenience and security, companies would do well to start looking harder into whether identity verification efforts need to be stepped up a bit, even if that means injecting friction into the equation. But raising the bar higher for fraudsters can be an effective line of defense.

How To 189

How To Security Fraud Mobile 189

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Their ability to market and add banking functionality … is a natural fit.”.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

JULY 16, 2020

German market watchdog Federal Financial Supervisory Authority, or BaFin , has come under fire for its actions in the Wirecard scandal, as the regulator reportedly failed to investigate warnings about the payments firm and instead cast more scrutiny on accusers, The Wall Street Journal (WSJ) reported.

Report 169

Report Fraud Regulation Marketing 169

PYMNTS

DECEMBER 14, 2020

The company was already Amazon -owned, and Soudodi said in the letter that the new name signals the company will still be a "highly secure online payment service that is easy-to-use and seamlessly integrable," but will now have the benefit of Amazon's global reach and other high-tech benefits.

Payments 199

Payments Fraud Video Regional 199

PYMNTS

OCTOBER 21, 2019

His comments come after FT published documents last week allegedly provided by whistleblowers that “appear to indicate a concerted effort to fraudulently inflate sales and profits at Wirecard businesses in Dubai and Ireland, as well as to potentially mislead EY, Wirecard’s Tier 1 auditor.”.

Fraud 103

Fraud Operations Groups Report 103

PYMNTS

MAY 18, 2018

After reviewing 1,450 documents downloaded from three popular websites that track coin offerings, the Wall Street Journal discovered 271 with red flags that included plagiarized documents, pledges of guaranteed returns and missing or non-existent employees. million in a public offering in March. million in a public offering in March.

Bitcoin 102

Bitcoin Fraud Examples Security 102

Abrigo

APRIL 30, 2020

Key Takeaways Borrowers must document how their PPP loans are used Borrowers must maintain employee and compensation levels At least 75% of the loan must be used for payroll and other permissible expenses Borrowers must have "economic need" for a PPP loan. Loan proceeds aren't documented.

Los Angeles 273

Los Angeles Lending Resources Software 273

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

Gonzobanker

SEPTEMBER 21, 2023

Core connectivity and API providers CFM and NXTsoft merged, acquiring document workflow provider IMM and rebranding as Kinective. Alogent acquired document imaging and tracking solution provider AccuSystems. CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions.

Fintech 103

Fintech Software Illinois Lending 103

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

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

APRIL 23, 2019

The market has the potential to expand even further, too, as Puerto Rico is reportedly considering legalization. . This means fantasy sports platforms must enact robust anti-money laundering (AML), KYC checks and other fraud monitoring services. Sports and fantasy sports gambling operations are a big deal in the U.S.,

Security 108

Security Puerto Rico Data Operations 108

PYMNTS

AUGUST 3, 2020

For example, fraud across all financial products in the U.K. And what we’ve got our minds on now is very much what else we can bring to the market that would provide an advantage to our customers.”. Using AI And Other Tools To Fight Fraud . rose 33 percent in April. Three Ways To Verify Identity .

Fraud 225

Fraud Online Data Tools 225

PYMNTS

APRIL 15, 2019

Security solved. As it turns out, security researchers at Kaspersky Lab have found a darknet marketplace in which hackers are selling digital fingerprints. 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.

Fraud 129

Fraud Data Security Ohio 129

PYMNTS

JUNE 26, 2020

That routine audit procedure could have uncovered the vast fraud at the suburban Munich company, the report said. Markus Braun, the 50-year-old Wirecard founder and CEO, was arrested this week on charges of manipulating the market and misrepresenting accounts. billion) in cash, the Financial Times reported.

Fraud 290

Fraud Report Security Company 290

PYMNTS

JUNE 9, 2020

As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. This has led many RegTech firms to receive impressive amounts of funding, and industry analysts now predict that the global AML solution market could reach a valuation of $3.6

Online 195

Online Report Compliance Fraud 195

PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. Businesses and organizations are already taking steps to close this security gap. billion by 2025, with $1.6

Payments 272

Payments Louisiana Colorado Security 272

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

PYMNTS

JUNE 23, 2017

Enterprise Security. ’s AimBrain deploys biometric authentication technology to combat fraud for FinTechs and financial institutions. million in fresh funding for Canada-based Hubdoc is a show of support for the company’s cloud accounting solution, which targets automated financial document collection and processing.

Fintech 171

Fintech Marketing New York City Capital 171

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. These worries regarding connected vehicles are, in a broader sense, tied into larger security issues involving the Internet of Things (IoT) — to which all those cars and trucks will connect.

Security 119

Security System Operations Report 119

PYMNTS

APRIL 16, 2019

A German markets regulator has filed a complaint with prosecutors alleging that shares of Wirecard were manipulated by someone who potentially had prior knowledge of a forthcoming damaging article written by the Financial Times , according to Reuters. . Wirecard’s stocks fell after the Jan.

Regulation 116

Regulation Marketing Compliance Fraud 116

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Lending Trends Compliance 195

PYMNTS

JANUARY 19, 2021

The larger issue is remote onboarding becoming the dominant form of account creation, and how to secure a world where in-person meetings are out, and documents can be faked. That same report noted “an encouraging drop of 24 percent in ID-based fraud rates in 2020 from 2019. billion in 2020 alone.”.

Fraud 151

Fraud Survey Video Mobile 151

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

Abrigo

AUGUST 18, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. Be aware of emerging fraud schemes. Any time there is a large-scale , global issue, you can expect to see a rise in fraud, and COVID-19 is no different.

Fraud 195

Fraud Trends Compliance Technology 195

PYMNTS

JULY 13, 2020

Consumers’ and commercial buyers’ interest in the sector have slowly risen since some markets worldwide have reopened brick-and-mortar locations and resumed normal business dealings. Many markets’ stay-at-home orders led consumers looking for new homes to rely on digital tools. KYC, Security In The Digital Onboarding Age.

Data 198

Data New York City New York Fraud 198

PYMNTS

SEPTEMBER 8, 2020

. $1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. million was siphoned from one New Zealand business in a scam linked to invoice fraud. statistic through the rollout of its Confirmation of Payee service for banks in the market. According to Stuff.co.nz

Company 174

Company Los Angeles Fraud Data 174

Abrigo

MAY 15, 2020

Key Takeaways Like other federal relief programs, the PPP has become subject to fraud. The first federal charges of PPP loan fraud have been made – and they're unlikely to be the last. From 9/11 to Hurricane Sandy, and now, during COVID-19, federal relief funds aimed to help people rebuild after a disaster becomes subject to fraud.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. Drug Enforcement Association (DEA) and Internal Revenue Service (IRS) looking to buy the license, according to documents seen by The Block.

blockchain 131

blockchain Analytics Utah cryptocurrency 131

Abrigo

JANUARY 17, 2024

Understanding local markets and the individuals your bank serves is key to knowing your customers and ultimately being able to tell when something isn’t right. “Tellers are frontline workers in the movement to end human trafficking,” said Bellino.

Training 259

Training Community Software Texas 259

PYMNTS

FEBRUARY 21, 2020

trillion by 2020, but new sales channels also invite emerging fraud forms. More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. The Sizable Online Fraud Threat.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

APRIL 1, 2020

.” Professionals working from home and relying on their personal cell phones to conduct business presents new challenges in combating B2B payments fraud, while empty offices have also threatened the B2B ecosystem’s ongoing use of paper checks with no one available to print or sign the documents.

Marketing 160

Marketing Retail Fraud Examples 160