PYMNTS

JULY 27, 2020

The FinTech on Saturday (July 25) confirmed the data breach after reports emerged that details involving as many as 7.5 According to the FinTech, the “malicious party” gained access to user passwords “stored in hashed form using bcrypt , an industry-recognized hashing algorithm.”.

Data 246

Data Fintech Report Security 246

PYMNTS

AUGUST 21, 2020

Robinhood’s $200 million fundraise this week may be the talk of the FinTech town, but B2B FinTechs saw their fair share of fresh investments, too. six FinTechs were able to secure a share of the next round of RBS grant money , with the winners including small business banking and biometrics company Onfido.

Fintech 154

Fintech Austin Capital Fraud 154

CFPB Monitor

SEPTEMBER 8, 2022

Since the beginning of Michael Hsu’s tenure as Acting Comptroller of the Currency, bank/fintech partnerships have been a focus of OCC concern. Mr. Hsu also raised concerns about unknown risks or “nasty surprises” arising out of bank-fintech arrangements.

Fintech 146

Fintech Risk Management Conference Lending 146

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

Fraud 117

Fraud Data Management Analytics 117

Gonzobanker

AUGUST 17, 2022

Most fintech companies are fine, but they’ve stopped blowing off econ class for mimosa brunches. Especially in fintech, which had the roughest semester last spring. Fintech is still alive and well, Gonzobankers, and fintech deals are still happening. Banks Bought More Fintechs (Until Sum mer Break Started!).

Fintech 195

Fintech Lending Software Compliance 195

PYMNTS

MAY 23, 2019

To that end, Jessica Moran, general manager of Paymode-X Business Solutions at Bottomline Technologies , noted the continued (and accelerating) collaboration between banks and FinTech firms. I cannot remember the last time we had a conversation with a corporate who didn’t say, ‘Oh yeah, you know, I experienced check fraud.’

Fintech 191

Fintech Fraud Technology Innovation 191

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

Fraud 196

Fraud Digital Banking Delaware Tools 196

PYMNTS

DECEMBER 21, 2020

with money laundering, fraudulent banking and computer fraud, Reuters reported. “It It is not yet clear whether he participated actively in the theft or if he simply decided not to increase security measures after discovering it,” Ivano Gabrielli, director of the national center for cyber crimes (CNAIPIC), told Reuters. Meanwhile, U.K.

blockchain 206

blockchain Bitcoin Fraud Report 206

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

Security 139

Security Report CA Fraud 139

PYMNTS

JUNE 4, 2020

Ensuring such payments are secure from bad actors is a priority for the banks that process them. From an instant payment perspective, it has now become much more important to be able to manage the fraud in real time online,” said Tino Kam , head of transaction banking at Finland-based Nordea Bank , in a recent interview with PYMNTS.

Security 151

Security Fraud Payments Compliance 151

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in Ghana and Uganda are exploring changes to their remittance rules to keep payments secure.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

JANUARY 20, 2021

FIs must be prepared to support the pandemic-driven shift in consumers’ payment and spending behaviors while also keeping up with new security needs, Chris Tremont , executive vice president of virtual banking for Radius Bank , said in a recent PYMNTS interview. “As More Debit Payments, More Debit Fraud. is huge,” Tremont said.

Security 130

Security Cards Mobile Fraud 130

PYMNTS

NOVEMBER 2, 2018

As legal cannabis spreads, the industry is a big opportunity for FinTech, as industry players struggle to manage intense compliance requirements and limited access to traditional financial services. API management platform Cloud Elements landed an undisclosed investment from American Express Ventures, the companies said this week.

Fintech 188

Fintech Capital Security Fraud 188

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. MonetaGo, GUUD Team On Secure Transactions.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

NOVEMBER 2, 2018

As such, data security has simultaneously emerged as a renewed focal point for the financial services market, because the more data moves and the more actors touch it, the more exposure that information has to nefarious actors. It’s not the only security concern that this data-sharing trend has created in financial services, however.

Security 194

Security Data Strategy Trends 194

PYMNTS

OCTOBER 18, 2018

In the latest Digital Banking Tracker , PYMNTS examines how customer migration to mobile and digital offerings is creating security related challenges for banks big and small — and how financial institutions (FIs) around the space are working to solve them. How Banks Are Weaponizing Data To Fight Fraud. About the Tracker.

Fraud 178

Fraud social media Data Trends 178

PYMNTS

NOVEMBER 27, 2020

These virtual cards can offer valuable protection, as hackers who manage to steal these codes are usually unable to use them for spending sprees. Businesses are also examining virtual card options that can allow employees to make company payments securely and conveniently during the pandemic. based FinTech Jassby.

Cards 197

Cards Security Tools Online 197

PYMNTS

AUGUST 5, 2019

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. The Whole New World of Check Fraud.

Fraud 162

Fraud Payments Mobile Handbook 162

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. Fintechs know how to reach and work with the community.

Fintech 136

Fintech Marketing Community Bank Community 136

PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. . – The antidote?

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

OCTOBER 5, 2020

But in an interview with PYMNTS, Mary Beth Joiner , senior vice president of relationship management at Comdata Corporate Payments, said that there have still been pockets of resistance in making the great digital pivot. In the wake of the pandemic, B2B payments have had to evolve.

Payments 326

Payments Fraud Fintech Tools 326

PYMNTS

JUNE 8, 2020

Growth] in API usage has resulted in B2B transactions’ unparalleled acceleration, but banks must still contend with fraud threats,’ the Tracker states. There’s work being done securing APIs , but businesses are using them confidently, not just to field new products and CX, but also as a data cyber shield found only in the clouds.

Security 130

Security Policies Fraud System 130

Banking Exchange

NOVEMBER 3, 2020

COVID-19 has already proved its substantial impact on online-based fraud Feature Feature3 Fintech Security Cyberfraud/ID Theft Operational Risk Risk Management Covid19.

Fintech 78

Fintech Risk Management Fraud Security 78

PYMNTS

APRIL 8, 2020

financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Lendio already secured its approval to facilitate PPP loans, the alternative lender said, noting that small businesses can now apply for a PPP loan on the Lendio platform.

Lending 245

Lending Fintech America Technology 245

PYMNTS

APRIL 27, 2020

They expect mobile integration, rewards, spend management tools — and perhaps most importantly, they expect card transactions to feel instant and seamless, regardless of the platform or marketplace on which they occur. This new reality creates challenges for card issuers, processors and others within the credit ecosystem.

Cards 226

Cards Fintech United States Case Study 226

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

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

Security 130

Security Fraud blockchain Cards 130

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52

Fraud Technology social media Innovation 52

BankInovation

NOVEMBER 8, 2023

Citibank has selected Akamai Technologies, a cloud-native security service provider, to fight fraud on its platform, according to BuiltWith, which tracks technology adoption and use among websites. based fintech serves […] The Cambridge, Mass.-based

Fraud 63

Fraud Security Fintech Technology 63

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. The FinTech as a Service launched Tuesday (Dec. Trackers And Reports.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

PYMNTS

NOVEMBER 20, 2019

Visa and American Express (Amex) turned their attention to promoting virtual card adoption as a technology that enables greater visibility and security in B2B transactions. American Express, too, is promoting virtual card adoption through a collaboration with business spend management company Coupa.

Cards 155

Cards Innovation Fintech Payments 155

Insights on Business

FEBRUARY 11, 2019

They require employment of dedicated server administrators to manage and maintain the databases and related resources, as well as acquiring the extra hardware to house the database software. This is magnified by the necessity of a tailored approach while implementing payment fraud prevention as well. Wednesday, 5:30 PM – 6:10 PM.

Fraud 70

Fraud Management Resources Analysis 70

PYMNTS

JUNE 4, 2020

Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. The June AML/KYC Tracker ® explores these and other methods that financial services companies are adopting as they work to make their security efforts both faster and more accurate.

Report 158

Report Fraud Security Fintech 158

PYMNTS

OCTOBER 16, 2020

Financial crime is a constant worry for banks, credit unions, FinTechs and other financial institutions (FIs) and businesses, with total fraud losses totaling $1.45 A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total. trillion a year.

Fraud 222

Fraud Payments Security Data 222

PYMNTS

DECEMBER 26, 2019

Deutsche Bank, Mastercard and IDEMIA are teaming up to introduce what they said is the first card in Spain to tap motion code technology, FinTech Futures reported on Thursday (Dec. On the back of the card, a small screen will display the CVC, also known as the dynamic security code.

Cards 131

Cards Fraud Security Study 131

PYMNTS

JULY 6, 2017

API technology is opening new doors for the world of financial services, a trend that cultivates cooperation and collaboration between FinTechs and banks, once considered competitors. And there are instances where, even if it is a legitimate account, fraud is occurring.”.

Fraud 198

Fraud Payments Groups Industry 198