PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

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PYMNTS

SEPTEMBER 27, 2019

Coverage this week includes a new Amex financial service, deep looks at real-time payments and the woes at WeWork, advances in voice retail and payments, a potential new opportunity for financial institutions, and original PYMNTS research into use case for artificial intelligence. MyPayrollHR Founder Faces $70M Fraud Charge.

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Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

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PYMNTS

JUNE 5, 2020

Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

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PYMNTS

DECEMBER 11, 2020

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. Retail Will Play Major Role In Vaccine Distribution. Report: Digital Lender SoFi Eyes IPO Via SPAC.

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PYMNTS

OCTOBER 7, 2020

In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. Plus, the Abu Dhabi Investment Authority (ADIA) is investing roughly $750 million in Reliance Retail Ventures Ltd. percent share of Reliance Retail.

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PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. A leading index of digital theft found that loyalty fraud exploded by 89 percent over 2018, opening a vast new front in the battle. For their part, the anti-fraud community is hitting back hard. Fighting Fakes With Fire.

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PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot.

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CB Insights

JULY 18, 2022

As fraud and cyber threats become more prevalent and sophisticated, retail banks’ mandate to protect their customers, comply with regulatory mandates, and assess risk across their entire organization has become more important than ever. get the state of fintech q2 2022 report before anyone else. First name. Company name.

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Independent Banker

FEBRUARY 28, 2022

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. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

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PYMNTS

NOVEMBER 14, 2017

A new report by business banking market research and analysis firm East & Partners suggests corporations aren’t opposed to changing banks as a direct result of new FinTech solutions businesses want to use. East & Partners found regional trends in corporate treasurers’ demand for FinTech solutions, too.

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PYMNTS

DECEMBER 12, 2019

Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing. The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s FinTech unicorn Square. .

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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).

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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.

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PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. What is necessary, Xie said, is a different, more holistic paradigm for combating fraud — with a wide aim of not adding more authentication steps.

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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. based B2B software-as-a-service and data solutions provider focusing on supporting corporates’ compliance and anti-fraud efforts.

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Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Some even say that blockchain will be the most influential FinTech technology of 2018.

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PYMNTS

JUNE 21, 2019

In the latest edition of the PYMNTS weekender, coverage includes the latest about PayPal and Google’s views about bank charters, a deep, analytical dive into Facebook’s new payments idea, a look at the new rise of pet retail and other stories you might have missed or simply want to review. Why Pets Are Pulling Retail Innovation’s Leash.

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BankInovation

JULY 10, 2020

The COVID-19 pandemic has accelerated the move toward digital banking platforms, but this has come with an increased risk for fraud. The percentage of risky worldwide transactions in the financial services industry increased by 11% since early March, according to a recent TransUnion study.

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Payments Source

SEPTEMBER 16, 2019

Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast.

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Bank Innovation

FEBRUARY 1, 2019

Wirecard AG fell the most in more than a decade on Friday after a report that a law firm found evidence of alleged forgery, the latest fraud allegations to beset the digital payments company. The 25% plunge -- the worst since July 2008 -- capped a tumultuous three days that shaved about €7.2 billion ($8.3 […].

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PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. Pay by Bank app (PbBa) — created by Vocalink, a Mastercard company — leverages the U.K.’s

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PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. Priceline Uses AI To Help Fight Fraud.

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PYMNTS

JUNE 29, 2020

“Even in pre-pandemic times, some of the key initiatives from financial institutions were focused on improving the customer experience, while at the same time focusing on fraud prevention,” he said.

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PYMNTS

JUNE 15, 2018

In Africa, the biggest private bank in Kenya, CBA, has cemented a partnership with a FinTech there, Ennovative Capital, a Kenyan firm that licenses software to boost payments speeds. This comes as the newswire reports that retailers take as long as five to seven months to pay suppliers, as estimated by the ministry of trade.

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BankInovation

JANUARY 10, 2023

Synthetic identity fraud remains a constant challenge for banks, with a growing number of fraudsters attacking demand deposit accounts since the onset of the COVID-19 pandemic.

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PYMNTS

JANUARY 28, 2020

If it’s the latter — or some combination of the latter — that means working with FinTechs or other financial services players that are not traditional FIs. Owens noted that Elan aims to improve the customer experience by providing mobile functionality, geolocation, AI-based fraud protection and all forms of digital payments.

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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.

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PYMNTS

SEPTEMBER 7, 2018

But with the power of faster payments comes the potential for faster fraud. 24/7: The mindset of FinTechs that seek to offer services, payments and lending across borders and time zones without interruption. Which means keeping pace isn’t just about speeding up the payments, but also about staying ahead of the fraudster.

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PYMNTS

SEPTEMBER 9, 2020

Swedish FinTech Klarna is aiming to raise $500 million as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. New Report: A Merchant's How-To Guide To Reopening Retail Stores. How Music Retailers Keep Card-Not-Present Fraud From Sounding A Sour Note.

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PYMNTS

OCTOBER 13, 2017

It’s no surprise that the holidays mean increased eCommerce traffic – and therefore, increased instances of fraud. They must have their tech in ship-shape and have all the rules dialed in on their fraud detection systems. Sometimes, they don’t even notice the sketchy transactions at all.

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Celent Banking

JANUARY 28, 2016

Earlier this week, I was kindly invited to join the panel on “what’s hot in Fintech” at Citi’s Digital Money Symposium, and it was one of the central questions we debated as a group. My colleague Stephen Greer has also discussed Bank-Fintech relationships on these very pages, for example, see here and here.

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PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. There has not generally been as reliable a system of authentication in the U.S. EMV Cards’ Checkered Reputation In The US.

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PYMNTS

JANUARY 17, 2020

We have a deep dive into real-time payments and news on Visa ‘s FinTech play with Plaid and insight into buy now, pay later (BNPL). FinTech Play, Wrapped In Plaid. Visa Tap To Phone Expands POS Acceptance For Retailers. How AI Helps Marketplaces Fight Off-Platform Fraud .

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Bank Innovation

MAY 12, 2017

Green Dot has had its share of trouble in recent years — MoneyPak fraud, the attempted ouster of CEO Steve Streit, and strong entrants taking it on its core competency of prepaid cards. But none of that has stopped the company from launching new products at a regular clip — GoBank for Business, GoBank for […].

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Bank Innovation

SEPTEMBER 21, 2017

Fintechs have been exploring this idea for quite some time now, whether it be through fraud management, or using AI to execute trades across global equities algorithms business. EXCLUSIVE — Will the use of artificial intelligence push banking customers to better personal finance and saving habits?

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PYMNTS

JUNE 13, 2019

But recent cybersecurity and fraud incidents connected to Amazon could serve as warnings to the B2B commerce ecosystem: If Amazon can fall victim to a hack, anyone can. Amid that push, Amazon released stats on its B2B operations last year, noting that Amazon Business is growing faster than its retail operations. and India in 2017.

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