article thumbnail

CSI, Featurespace Team Up To Fight Money Laundering

PYMNTS

As criminals relentlessly target financial systems, organizations require cutting-edge technology for fraud detection and risk management,” said Kurt Guenther , CSI’s group president of business solutions. “By Headquartered in Kentucky, CSI works with financial institutions (FIs) across the country to provide FinTech solutions.

Kentucky 159
article thumbnail

FBI: BEC Scams Stole $1.2B In 2018

PYMNTS

According to Threatpost, Ronnie Tokazowski, senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. The FBI received 100 complaints about this type of fraud, which garnered $100 million in stolen funds.

Fraud 144
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Are you doing enough to help customers manage their accounts?

NCR

With the Consumer Financial Protection Bureau (CFPB) raising concerns that banking customers in the US “continue to experience problems managing their accounts”, it seems that many financial institutions could benefit from refocusing their efforts on delivering the services people want.

article thumbnail

Today In Data: Bank Of America And Biometrics

PYMNTS

Kentucky Fried Chicken (KFC), for example, is now accepting payment via Face ID tech at certain locations in China. We need to know what our customers really want to use before we can commercialize something and put it out to [them],” said Hari Gopalkrishnan, managing director of Consumer-Facing Platforms and Technology for Bank of America.

America 119
article thumbnail

How QSRs Enable Digital Options With Rapid Order-Ahead Growth

PYMNTS

And payments firms are helping restaurants with mobile orders: Square, for instance, is releasing new order management integrations for Square for Restaurants. It will let orders from Postmates, DoorDash and management platform Chowly to join existing provider Caviar in flowing directly into a point of sale (POS) system of a restaurant.

Mobile 116
article thumbnail

Open Banking, Synthetic ID Fraud, Supplemental Jobless Benefits Top This Week’s News

PYMNTS

We have deep dives into opening banking, synthetic ID fraud and supplemental jobless benefits. . Kevin McCarthy (R-California), Senate Majority Leader Mitch McConnell (R-Kentucky), White House Chief of Staff Mark Meadows and U.S. Experts Tell House Committee They’re Divided Over $600-A-Week Extra Jobless Benefits.

Fraud 159