PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful. About The Tracker.

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ATM Innovation Meeting United States 243

PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. Another study indicated that debit-related fraud is on the rise across the U.S. Another study found that 55 percent of U.S.

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Fraud Tools Mobile North Carolina 155

PYMNTS

JULY 21, 2020

“COVID [is] forcing … states and cities and municipalities to address a problem that’s really been going on for years and years — that is, their systems are outdated,” Townsley-Solis said. They are going to have to update how they mitigate and control fraud and risk and update their systems. There’s No Time To Waste.

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Fraud System Maryland Michigan 160

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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Fraud Strategy US United States 129

PYMNTS

APRIL 1, 2020

Customers today expect to be able to access financial services instantly, which can put pressure on CUs that need to stretch restricted technology budgets into innovative new features. percent reporting in the PYMNTS Credit Union Innovation Index that they would switch financial institutions (FIs) due to a lack of innovation.

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United States Innovation Online Tools 181

PYMNTS

JANUARY 28, 2020

In the January Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including a retrospective look at the CU industry in the 2010s, an examination of hybrid cloud technology and a new synthetic identity security threat that could steal hundreds of thousands of dollars. Around The Credit Union World. billion in 2009 to $1.54

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PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

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Fraud Online United States Cyber Security 100

PYMNTS

APRIL 27, 2020

What’s more, all of this must be accomplished in complex regulatory and security environments, with the omnipresent threats of hacking and fraud. PYMNTS latest research series, Beyond The Card: Innovating The Next Generation Of Credit Solutions , a collaboration with i2c , sets out to chart this complex and evolving landscape.

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Cards Fintech United States Case Study 226

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. Department of Homeland Security is running a contest for the development of a digital wallet, CoinDesk reported. But they have grown in popularity in markets that are not stable.

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Bitcoin ATM Security cryptocurrency 178

PYMNTS

DECEMBER 18, 2019

The coffee company, which has 603 locations throughout the United States, recently revamped its rewards system, Caribou Perks, to compete against industry heavyweights. Another innovation Caribou implemented post-release was targeted recommendations. Keeping The Cup Secure. How Caribou modernized its rewards system.

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Mobile Innovation System Security 130

PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. The following Deep Dive delves into the steps companies can take to ensure their employees are knowledgeable about phishing and are at the front lines of anti-fraud efforts.

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PYMNTS

JUNE 5, 2020

It has often been said during the last several weeks that the world has seen several years’ worth of eCommerce innovations advance in about three months, due to the pressure and pivots created by the global health pandemic. They are very thoughtful, and they know all the tricks to getting away with fraud.

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PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

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United States Security Innovation Mobile 174

PYMNTS

JULY 22, 2019

Brazil is an advanced market — so advanced, according to Atassi, that one could argue it’s ahead of the United States in terms of the level of digital service consumers can routinely expect. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint.

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PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

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cryptocurrency United States Security Bitcoin 241

PYMNTS

NOVEMBER 6, 2017

The Social Security number (SSN) was never meant to get this much attention. In a wide-ranging discussion, Socure CEO Sunil Madhu and PYMNTS’ Karen Webster discussed the brave new world of identity security and verification, and what those terms mean when it should be assumed that all of your data has been compromised.

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Security Data Fraud Regulation 109

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

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Fraud Resources Software Training 335

PYMNTS

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. Challenger banks like Monzo are making their way across the pond to set up shop in the United States, offering their banking services against U.S.

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Digital Banking Innovation Fraud United States 176

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Many want more options and control when it comes to their security. percent of customers agreed that mobile transactions would be more secure if the consumers themselves had more control over their authentication options.

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Fraud Digital Banking Strategy Security 126

PYMNTS

AUGUST 20, 2019

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. And, as noted in the study, technical limitations and complexity remain barriers to innovation for many FIs. No rest for banks amid the hackers.

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Data Security Capital United States 176

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. The watchdog would be known as the Digital Markets Unit.

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Regulation social media Course Apple 352

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

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Maine ATM Innovation Millennials 130

PYMNTS

MAY 3, 2016

Patent 9,294,448 covering digital biometric technology by the United States Patent and Trademark Office. The patent serves as an extension of mSIGNIA’s previous patent covering cryptographic security functions based on anticipated changes in dynamic minutiae.

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Security User Experience United States Data 100

PYMNTS

JULY 10, 2020

The end goal: to speed innovation toward new products and services while keeping fraudsters out. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. The Pandemic Is Speeding Innovation Up. In the U.S.,

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Data Innovation Fintech Illinois 272

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. It also noted that it stopped 144,946 fraud attempts from March through September.

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Video Report Meeting United States 211

PYMNTS

FEBRUARY 17, 2020

Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years. Security and IoT growth challenges.

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Security Data United States Florida 252

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity. Connectivity and Collaboration.

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PYMNTS

FEBRUARY 14, 2018

As the world’s leading digital identity authentication network, this financing will enable Payfone to continue to offer its digital identity authentication services that helps companies battle fraud while still boosting customer satisfaction, enabling clients to increase their revenue. ”

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United States Fraud Customer Experience Innovation 100

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

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United States Leadership Policies Regulation 78

PYMNTS

JANUARY 12, 2018

Those investments and focus, the company said, will help “define the future of payments security.”. As has been noted by the firm and in this space , in the two years since EMV chip cards launched in the United States, fraud has declined by 66 percent. million U.S. locations, according to the post.

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America United States Analytics Cards 153

PYMNTS

JULY 3, 2019

In the Real-Time Payments Innovation Playbook , done in partnership between PYMNTS and Mastercard , financial decision-makers from nearly 400 firms across a dozen industries laid out a number of priorities for making their payment processes more efficient. That number represents 89 percent of the world’s gross domestic product (GDP).

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Payments United States Study Innovation 155

PYMNTS

OCTOBER 14, 2019

As the digital economy grows, you can bet that crowdsourcing will become an even bigger part of innovation and disruption, along with hiring and investment — all of which will serve to help build only new companies but vital digital infrastructure. It’s not a fantasy, but a reality for a growing number of drivers in the United States.

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Training United States Innovation California 187

PYMNTS

APRIL 14, 2017

The big question: Can the existing payment rails support the innovation that is needed? Said NACHA’s Estep, “the answer depends on what type of innovation you are talking about, and then what type of a payments system you are talking about.” Against that backdrop, “innovation means many different things to different players.”.

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Payments United States Innovation System 105

Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. Heck, Apple reported in August that it secured more than $10 billion in deposits with its savings product in partnership with Goldman Sachs. Short answer: Yes. But here’s the kicker: It’s not a one-and-done kind of thing.

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How To New Hampshire Oklahoma Fintech 109

PYMNTS

JULY 23, 2019

When it comes to loyalty and rewards innovation, credit unions (CUs) and their members don’t always see eye to eye. Loyalty and rewards innovation tops members’ list of innovation priorities, with 49.1 percent of CUs actively invested in loyalty and rewards innovation during the past three years. Yet, only 29.4

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Innovation United States Innovation Strategies Survey 122

Gonzobanker

JUNE 7, 2023

In mid-May, a digital bank account for the 62+ crowd debuted in the United States. Two things pop: Charlie lets customers receive their Social Security checks up to four weeks early without paying fees or interest, and the startup – which partners with Sutton Bank – offers phone support. Early Social Security payments.

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Los Angeles Fintech Digital Banking Tools 133