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and municipalities to address a problem that’s really been going on for years and years — that is, their systems are outdated,” Townsley-Solis said.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.

Fraud 160

Fraud System Maryland Michigan 160

Jeff For Banks

NOVEMBER 28, 2023

I asked Google Bard, a large language model tool, the following: "Describe the future of banking in the United States in buzzwords." Decentralized finance (DeFi) : DeFi technologies, such as blockchain and cryptocurrencies, will disrupt traditional banking models and create new opportunities for financial inclusion.

United States 92

United States Analytics Risk Management Google 92

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.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

APRIL 27, 2020

Card networks, processors and other major financial institutions (FIs) have worked to build up the technological infrastructure to support credit card transactions over the decades. What’s more, all of this must be accomplished in complex regulatory and security environments, with the omnipresent threats of hacking and fraud.

Cards 226

Cards Fintech United States Case Study 226

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.

Fraud 100

Fraud Online United States Cyber Security 100

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.

United States 181

United States Innovation Online Tools 181

PYMNTS

MARCH 20, 2020

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. In-house ordering apps are typical for large quick-service restaurant (QSR) companies, with only those who are willing to take risks and innovate standing out from the herd.

Technology 181

Technology Apple New York City social media 181

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. The Tracker also examines how these technologies are beginning to be used in new markets like South Africa and India.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

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.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

DECEMBER 28, 2020

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Coast Capital On The Innovations Driving CUs’ Digital-First Future.

North Carolina 197

North Carolina Houston Fraud Innovation 197

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.

Maine 130

Maine ATM Innovation Millennials 130

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.

United States 174

United States Security Innovation Mobile 174

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Cards 131

Cards Technology social media Meeting 131

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.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

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.

Video 211

Video Report Meeting United States 211

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Fraudsters are relying on technologies like artificial intelligence (AI) and machine learning (ML) to put ever-more-complex schemes to work like bot and automated attacks. Synchrony Financial Upgrades Its AML Strategy As Fraud Grows.

Fraud 126

Fraud Digital Banking Strategy Security 126

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.”

United States 78

United States Leadership Policies Regulation 78

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.

United States 100

United States Fraud Customer Experience Innovation 100

PYMNTS

OCTOBER 27, 2019

Zamna, previously known as VChain Technology, uses a blockchain to safely share and verify data between airlines and travel authorities to check passenger identities. With passenger numbers expected to double in the next 20 years, new technology-driven solutions are the only way airlines, airports and governments will be able to cope.

blockchain 102

blockchain Bitcoin Capital United States 102

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. On another note, the Science and Technology Directorate ( S&T ) arm of the U.S. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

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 money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

APRIL 14, 2017

Technology underpins everything these days. 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.”

Payments 105

Payments United States Innovation System 105

Abrigo

NOVEMBER 2, 2021

The BSA , adopted in 1970, has not had a significant overhaul since the USA PATRIOT Act (commonly known as the Patriot Act) in 2001 in response to the September 11 terrorist attacks on the United States. Evaluate BSA/AML processes for innovative technology needed for streamlining. AML A is significant in U.S.

Compliance 195

Compliance Regulation Resources Policies 195

PYMNTS

OCTOBER 4, 2019

Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. With the transaction now complete, Fiserv is one of the world’s largest payment and financial technology providers. For starters, don’t expect M&A activity to stop anytime soon, he told PYMNTS.

Payments 176

Payments Cards Trends Fintech 176

PYMNTS

MARCH 10, 2020

Will this be the year that real-time payments — and, especially, peer-to-peer (P2P) — reach critical mass in the United States? an FI must invest in technology that can support and maintain such efforts at scale. But the technology underlying real-time payments, he said, remains sound. Streamlining the Onboarding Process.

United States 230

United States Payments Fraud Risk Management 230

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Combatting Fraud — And Addressing Competition And Costs . If all goes as planned, that is.

America 189

America Kansas City Payments Kansas 189

Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. As Ron Shevlin , our chief research officer, blogged : “Banks need to stop playing innovation charades. In doing so, Bank of New Hampshire is leading a trend in the United States on an important issue. THAT IS WILD.

How To 109

How To New Hampshire Oklahoma Fintech 109

PYMNTS

JANUARY 12, 2018

Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 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.

America 153

America United States Analytics Cards 153

Abrigo

FEBRUARY 8, 2022

Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. Sanctions requirements Sanctions apply to everyone in the United States, even individuals. DOWNLOAD .

Compliance 195

Compliance Training Regulation Fraud 195

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.

Training 187

Training United States Innovation California 187

PYMNTS

SEPTEMBER 4, 2018

Or will cards with cutting-edge technology win more loyalty from shoppers? Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online.

Cards 110

Cards Payments United States Maine 110

PYMNTS

FEBRUARY 17, 2020

IoT technology has rapidly expanded beyond in-home devices into cities worldwide. 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 252

Security Data United States Florida 252

PYMNTS

OCTOBER 22, 2019

But it can offer opportunities for executives who embrace technological innovation as global supply chains are increasingly interconnected. And when it comes to fraud, artificial intelligence (AI) and machine learning are potent weapons. The trend of business model disruption is an inexorable one, too.

Management 102

Management Exercises United States Innovation 102

PYMNTS

AUGUST 23, 2017

Being connected via modern technology is something that’s becoming an expectation among consumers. One of the latest industries to start exploring in connected technologies are banks. One of the latest industries to start exploring in connected technologies are banks. They crave automation, transparency, and personalization.

Millennials 196

Millennials Industry Groups Study 196

PYMNTS

APRIL 29, 2019

With the help of mobile order-ahead technology, diners can make their selections at quick-service restaurants (QSRs) before stepping into a physical location. Through Dynamic Yield, the company would tap into technology for its outdoor digital drive-thru menu in addition to its app and self-order kiosk touchpoints. Pizza Hut U.S.

United States 109

United States Mobile Branding Fraud 109

PYMNTS

DECEMBER 8, 2016

Less than two months after its implementation, Same Day ACH, the ubiquitous faster payments initiative for the payments industry in the United States, is showing a significant impact on the market, but it still has plenty to learn from those across the pond. In October alone, the ACH Network processed nearly $5 billion in 3.8

Payments 100

Payments United States Data Security 100

PYMNTS

SEPTEMBER 2, 2019

There are many ways, and many initiatives underway, to streamline transactions and take advantage of new technologies such as blockchain. As noted in the Credit Union Innovation Playbook, CUs are examining what they need to do to foster loyalty in the digital age. You can find a host of them here. Ferreting out the Fraudsters….

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Fraud Survey Payments Examples 123