PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. In today’s digital age, the concept of “identity” is changing on the global stage, especially when it comes to eCommerce.

How To 205

How To National Data Fraud 205

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Additionally, Kellerman called for a tax credit to encourage firms in the financial vertical to set aside 10 percent of their information technology (IT) budgets at a minimum toward cybersecurity.

US 227

US Cyber Security Security National 227

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. fraud detection and financial crime monitoring). Office of the Comptroller of the Currency (OCC). Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

PYMNTS

APRIL 28, 2016

Qatar National Bank (QNB) is looking into allegations that the names and passwords of many of its customers were compromised, Reuters reported on Wednesday (April 27). GB of leaked documents disclosed some customers’ bank information, telephone numbers and dates of birth. . The Doha News website reported that 1.5

National 100

National Report social media ATM 100

PYMNTS

NOVEMBER 19, 2019

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters.

blockchain 217

blockchain Puerto Rico Virgin Islands United States 217

PYMNTS

JANUARY 13, 2020

in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. Among those not tuning it out is the National Retail Federation (NRF), which has complained about the EMV-PIN weakness and the liability issues it creates for NRF members.

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Trends Fraud Cards National 136

Abrigo

SEPTEMBER 13, 2022

Get more BSA training on the latest fraud trends with this webinar. Technological advances in transaction monitoring. Be sure to document these decisions, which should be defended and supported by data used within the risk assessment. Fraud Prevention. Fraud Trends. Watch Webinar. Sophisticated measures.

Software 195

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PYMNTS

FEBRUARY 20, 2017

But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. This is because in some cases lack of documentation in the digital realm can stymie best efforts to make sure commerce can be done safely. In another vein, digital identities can be stolen. interact across borders.

Fraud 102

Fraud Innovation US National 102

Abrigo

MAY 20, 2020

FinCEN reminds financial institutions that “detecting, preventing, and reporting COVID-19 scams and illicit activity is critical to our national security.” Adding this advisory to written fraud monitoring procedures will enhance your program and demonstrate that your financial institution is on top of current trends. C&I Loans.

Lending 195

Lending Fraud Training Report 195

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

JANUARY 7, 2021

At a high level, he said, as the travel industry recovers, various stakeholders will need to consider the use of a health document or digital confirmation that individuals have received a vaccine. But, of course, how we get there could involve a number of pathways.

Data 362

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PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Tools that help remittance service providers more efficiently meet their crime-fighting obligations can help keep down both costs and fraud. .

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

JANUARY 3, 2019

.” With money laundering on the rise, both the Czech Republic and Slovakia are taking steps to prevent it and other types of fraud. As a result, the government has passed anti-money laundering laws, and recently became a party to the United Nations Convention against Corruption (UNCAC) as well as the OECD Anti-Bribery Convention.

Fraud 128

Fraud National Company Data 128

Abrigo

DECEMBER 17, 2021

Adequate staffing is crucial for areas with high regulatory scrutiny , such as the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and fraud functions. In addition, the document explains how to track volumes of each category and how to analyze the data to give you the correct number of employees to meet all regulator expectations.

Compliance 195

Compliance Training Fraud Resources 195

Abrigo

DECEMBER 20, 2021

Inadequate staffing: The lack of technological and human resources will result in deficiencies in an AML program. The CBOT investigation determined that this was not an adequate number of analysts and that they were not thoroughly reviewing the documentation of each unusual activity alert.

Resources 195

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Abrigo

SEPTEMBER 3, 2021

Takeaway 2 Fraud prevention, AML, and IT must communicate regularly and cross-monitor for cybercrime threats. Takeaway 3 Fraud monitoring software and other preventative measures can help financial institutions protect themselves against cyber attacks. . Would you like others articles like this in your inbox? FinCrime Priorities.

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PYMNTS

NOVEMBER 13, 2018

The push comes as banks — newly gathered together through the Better Identity Coalition — grapple with the challenges of onboarding new clients in an age where data breaches seem to be an almost daily occurrence and where synthetic ID fraud is ramping. Banking done online has its lures, speed and convenience among them.

Fraud 128

Fraud Security United States Analytics 128

PYMNTS

NOVEMBER 13, 2018

The firm plans to put the funds to use by growing its AxCore system, which is based on distributed ledger technology (DLT), as well its smart contracting language called AxLang. (It It also plans to enhance its technology for data synchronization.) With the latest investment, the company’s fresh money has risen to $36 million.

blockchain 169

blockchain Bitcoin Software Industry 169

South State Correspondent

MARCH 21, 2023

ERC Assist provides clients with a technology platform that showcases bank innovation and demonstrates the bank is forward-thinking. Currently, there are only a few established national brands processing ERC at scale (CPAs will do it for you on a one-off basis). ERC Assist also serves to differentiate your bank from competitors.

Taxes 195

Taxes Community Bank Community Operations 195

Abrigo

MARCH 23, 2020

Having a cohesive business continuity plan (BCP) is part of the essential documents for most businesses. On March 16, the Financial Crimes Enforcement Network (FinCEN) released a response to President Donald Trump declaring a national emergency related to the coronavirus. Educate your employees and stakeholders to stay protected.

Security 195

Security Software Fraud Policies 195

PYMNTS

JANUARY 15, 2021

She noted that many companies have adapted well to these practices over the past several months, but first had to become comfortable using the technology to interview and vet job candidates. . “It She has encouraged clients to use videoconferencing technologies to tackle these tasks. . Verification And The Future Of Remote Work .

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Video Tools Tampa Operations 151

PYMNTS

DECEMBER 5, 2019

Technologies such as artificial intelligence (AI), machine learning, 3D printing and advanced sensors are double-edged swords: Biometrics developers can use these tools to improve their security methods, but fraudsters are just as likely to utilize them to crack defenses. Employing A Human Touch To Stop Spoofs.

North Carolina 142

North Carolina Security System Fraud 142

PYMNTS

NOVEMBER 5, 2019

Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather than presenting physical identity documents like driver’s licenses or passports. Increased technology adoption brings along additional security concerns, however. Developments From Around The Digital ID World. billion in Q2 2018 to $1.02

Data 101

Data Fraud Security Trends 101

PYMNTS

JUNE 16, 2019

There are alternative methods to verify identity, such as comparing a photo of an ID card captured on a cell phone to documentation on file, but federal agencies have had issues with implementing them. The named agencies have said that implementing a new verification systems is too expensive and may exclude certain demographics.

Knowledge Base 108

Knowledge Base Online United States Fraud 108

FICO

DECEMBER 2, 2020

In December of last year, the Malaysian National Bank, Bank Negara, issued a consultation document about their intention to allow eKYC in the applications process for a wide range of financial products. Not meeting these expectations could be costly. eKYC Malaysia – digital transformation success.

Survey 72

Survey Regional Compliance Fraud 72

PYMNTS

OCTOBER 23, 2018

This new system would offer improved access to identity verification information, which could be used by businesses and the government to authenticate transactions and prevent fraud or cyberattacks. Scotland, meanwhile, is looking to distributed ledger technologies (DLTs) to develop secure digital identity credentials.

Trends 134

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PYMNTS

JUNE 13, 2018

. “Today’s commercial payments infrastructure in Canada is built on many layers of outdated technology and processes that are needlessly complex and time-consuming, not to mention error-prone and labor-intensive,” said PayStand CEO and Founder Jeremy Almond in the statement.

blockchain 109

blockchain Payments Fraud Industry 109

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124

Strategy Lending Knowledge Base Tools 124

PYMNTS

APRIL 21, 2017

“After Melissa, Office products changed their defaults, requiring much more user interaction before you could run macros within documents.”. As a result, cybercriminals mostly stopped using documents with malicious macros. This tactic has also been associated with sophisticated nation-state attacks (the DNC hack, for instance).

Trends 144

Trends Security Data Training 144

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 Other innovations for credit unions were developed as a result of collaborations with financial services technology providers. Is the credit union market ready for its close-up?

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Report Innovation Regulation National 114

PYMNTS

MARCH 25, 2020

As the European Union continues its electronic invoicing journey, officials have come to understand the value of format standardization to streamline and simplify the process of generating and ingesting these documents. Each member state, however, takes its own approach to adopting eInvoice standardization mandates in their countries.

Software 100

Software Examples Industry Regional 100

PYMNTS

SEPTEMBER 4, 2018

Digital technology is changing healthcare, from recordkeeping to disbursements, but the move away from analog is a journey that involves significant hurdles. Designed to cut “red tape” from healthcare, the initiative seeks to reduce the amount of documentation produced by doctors. But the main reason that I can’t keep up is the E.M.R.

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New York Technology Data Industry 100

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. The technology can tackle the threat of duplicate invoices, said Mittal, which occurs when a business submits the same outstanding invoice more than once to obtain financing for it.

Fintech 120

Fintech blockchain Data Capital 120

CFPB Monitor

JUNE 26, 2022

Similarly, the Federal Trade Commission reports that older adults account for 35 percent of the victims associated with filed fraud reports when a consumer has provided an age. Reference supporting documentation, including any photos or video footage, in the narrative. All of these risks have been exacerbated by the COVID-19 pandemic.

social media 78

social media Fraud Resources United States 78

PYMNTS

MARCH 9, 2017

While he did not address the recent news of WikiLeaks releasing documentation on alleged surveillance methods used by the CIA involving smart devices, he did speak on the rise in encryption as a result of former National Security Agency contractor Edward Snowden revealing U.S. spy practices back in 2013, CNN reported. “The

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Conference Boston America Security 110

PYMNTS

SEPTEMBER 14, 2016

But that may be the appropriate term — at least, in describing the latest documentation of fund flows through our Investment Tracker. The Department of Justice recently set up a team to investigate cybersecurity and what it considers to be a threat to national security stemming from driverless cars. Fiat, last year, recalled 1.4

Big Data 100

Big Data Fraud Software Analytics 100