Financial Technology Fraud New York Security 
PYMNTS
SEPTEMBER 24, 2019
The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged Monday (Sept. 23) in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling, The Wall Street Journal reported. 5 after Mann’s banks, suspecting him of fraud, froze his accounts, authorities said.
PYMNTS
OCTOBER 24, 2019
The closure of New York-based payroll processing firm MyPayrollHR left some 8,000 people and about 400 companies without their paychecks. 23 and faces federal charges of committing $70 million in bank fraud, according to the U.S. attorney’s office for Northern New York. MyPayrollHR abruptly shuttered on Sept.
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PYMNTS
AUGUST 27, 2019
percent, it was only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payments technology. digital transformations reshaping CUs’ role in the financial space, and how open banking could change how CUs do business.
PYMNTS
OCTOBER 11, 2017
Toronto-based technology startup nanopay aims to make the whole process easier — and more secure. As corresponding banking shrinks, said Cooke, direct point-to-point communications require multiple hops, and that can lead to more fraud, more mistakes and more mouths to feed along the way.
PYMNTS
MAY 28, 2019
The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 And some marketplaces in Asia are growing their services through tie-ups. Just under $3 billion – or $2.7 billion in 2017.
Insights on Business
JUNE 18, 2018
Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. Another technology in discussion will be the ever prevailing blockchain technologies. IBM keynote. This session will take place Wednesday, June 20 from 12:00 to 1:00pm.
Gonzobanker
DECEMBER 19, 2022
In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. The New Name for Community Award. Goes to Frank Sorrentino of Connect One Bank , who humorously and insightfully defined his bank’s move into Florida as the “6th Borough of New York.”.
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