PYMNTS

SEPTEMBER 27, 2019

Western Union CEO Hikmet Ersek told Karen Webster that real time means receivers will have funds available to spend within minutes, enabling new real-time, cross-border, cross-currency payments capabilities for C2C, B2C and B2B use cases. MyPayrollHR Founder Faces $70M Fraud Charge. Lessons Learned — Or Not — From WeWork’s Whirlwind.

Fraud 116

Fraud Fintech District of Columbia Payments 116

PYMNTS

MAY 1, 2019

Bitfinex is the cryptocurrency exchange that last week was swept up in an investigation over a coverup alleged by the New York State Attorney General to have involved as much as $850 million in losses. To recap, the AG accused Tether (of the Tether stablecoin) and the Bitfinex operator of possibly defrauding crypto investors.

Bitcoin 139

Bitcoin Fraud New York cryptocurrency 139

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. News came at the end of the week that the FBI and the New York State Department of Labor are investigating allegations that MyPayrollHR , which abruptly shut down earlier in the month, diverted millions of dollars into its coffers that should have gone to employees.

Fraud 108

Fraud Payments Bitcoin Lending 108

Insights on Business

APRIL 2, 2019

The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. Exposure to operational risks, data breaches and fraud losses can rise as a consequence of adopting new payment types and channels. Applying technologies to modernize payments.

Payments 125

Payments New York City Fraud New York 125

Abrigo

MARCH 22, 2023

A well-known example of a TBML system is the Black Market Peso Exchange , where U.S. Trade-based money laundering is the process of moving illegal funds through the international trade system to legitimize them. This can include the falsification of the price, quantity, and quality of imported or exported goods.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

MARCH 9, 2020

A French hospital, in one case, noted that nearly 2,000 surgical masks were removed from its main operating room, while a trauma doctor reportedly took 12 boxes of masks from a storage room at a hospital in Spain. Other top management members will also willingly reduce theirs by as much as 50 percent until the travel market bounces back.

Policies 141

Policies New York San Francisco Seattle 141

PYMNTS

APRIL 26, 2019

The slide comes as the New York state attorney general has accused Bitfinex , a cryptocurrency exchange, of covering up missing funds — $850 million worth — through illegal transactions. Cryptocurrencies have had a rough week of it, evidenced by a double-digit percentage drop in bitcoin, arguably the marquee name in the space.

Fraud 134

Fraud Bitcoin cryptocurrency United States 134

PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic.

cryptocurrency 150

cryptocurrency Bitcoin New York Regulation 150

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

Fraud 148

Fraud Missouri California Report 148

PYMNTS

APRIL 26, 2019

Cryptocurrencies declined in trading Thursday (April 26) night after the New York Attorney General went after Bitfinex, a crypto exchange, for hiding the fact it’s missing $850 million. The New York AG says the funds used from Tether total $850 million. Tether is backed by the U.S. dollar and is known as a stablecoin.

Bitcoin 115

Bitcoin New York cryptocurrency Meeting 115

Independent Banker

APRIL 30, 2022

But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. We believe operations is the “engine” that drives every aspect of banking and, ultimately, the bottom line. Unbundle your end-to-end operations and conduct a SWOT analysis.

Innovation 91

Innovation Community Bank New York City Community 91

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

Company 102

Company New York City Fraud Retail 102

PYMNTS

FEBRUARY 23, 2017

. “Gulf has always aimed to remain vigilant in our efforts to prevent fraud at the pumps and in stores, while providing our customers with an exceptional experience,” said Margaret McDonnell, senior director of credit card operations at Gulf Oil.

Mobile 116

Mobile Payments New York Fraud 116

PYMNTS

APRIL 18, 2019

The New York District Attorney’s (DA’s) office has shut down one of the largest drug vendors on the dark web, sinmed, as well as arrested the three men who allegedly ran it. via Dream Market, the dark web bazaar. via Dream Market, the dark web bazaar. million in cryptocurrency.

ATM 100

ATM Online New York Bitcoin 100

PYMNTS

JANUARY 8, 2020

New York-listed Rockwell Automation is acquiring Israeli-based Avnet Data Security to deliver advanced cybersecurity services, Rockwell announced on Wednesday (Jan. The move also aims to expand Rockwell’s expertise in information technology and operational technology (IT/OT) cybersecurity services.

Las Vegas 132

Las Vegas Milwaukee Security New York 132

PYMNTS

JUNE 5, 2019

According to a report from Quartz , “over the past seven years, a New York City-based fraud ring allegedly stole more than $19 million worth of iPhones by posing as cell phone subscribers to get new devices at little or no cost. But cryptos have done a great job of acting as conduits to all sorts of fraud.

cryptocurrency 132

cryptocurrency Fraud New York City social media 132

PYMNTS

MARCH 9, 2020

And in in an interview with Karen Webster, Dave Szuchman, PayPal’s head of Global Financial Crime and Customer Protection, said that understanding how guns are bought and sold on the black market can help reduce, and block, illegal access to firearms. So, it’s almost like what is old is new again.”. People are looking to make money.

Data 177

Data United States Chicago Community 177

PYMNTS

NOVEMBER 3, 2017

Startups deploying machine learning and artificial intelligence (AI) capabilities are focused on improving corporate processes — from identifying fraud to testing software to managing employee effectiveness. The company said it will use the backing to focus on its go-to-market strategy and expand existing leadership. Talent Management.

Analytics 189

Analytics Data Capital San Francisco 189

PYMNTS

JUNE 16, 2018

The Russian Association of Corporate Treasurers is joining the government-led Masterchain blockchain initiative, a platform developed by the central bank to facilitate communication within Russia’s banking market. Russia is reportedly looking to use the platform to replace SWIFT’s inter-bank communications network.

blockchain 113

blockchain National New York cryptocurrency 113

PYMNTS

AUGUST 1, 2018

Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA and other operations that could mark the first chapter of the country’s new sports and gambling culture. MGM officials will also reportedly help the league detect fraud and game-fixing. GVC Joint Venture.

United States 101

United States Online New York Louisiana 101

PYMNTS

JANUARY 20, 2020

In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial experiment. There were also New York Post reports that the technology might make an appearance at Whole Food checkouts this year.

Payments 277

Payments Data Cards New York 277

PYMNTS

JUNE 29, 2017

On the other side of the planet, DBS Bank (one of the largest banks in Asia) is offering the same functionality to three new markets as it rolls out its all-mobile banking platform digibank in India, Singapore and Indonesia. It is headquartered in New York City with offices in California, Singapore and Australia.

Marketing 103

Marketing New York City Training Mobile 103

PYMNTS

FEBRUARY 6, 2020

Netflix also said it would not add advertising to its platform to boost revenue, despite seeing continued weakness in the United States market. New York officials, however, recently delivered good news to victims of a magazine scam that Orbital Publishing Group oversaw.

New York 130

New York Oregon social media Trends 130

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York. the movement of money out of money market funds to CDs versus new deposit money coming in).

Report 195

Report Risk Management Capital Data 195

PYMNTS

JUNE 19, 2017

New York City soup producer and marketer Soupman – home of Seinfeld’s “Soup Nazi” character – has filed for bankruptcy protection following charges against former CFO Robert Bertrand last month. Total alleged unreported cash and stock compensation was around $2.86 million, and total alleged tax loss to the U.S.

New York City 108

New York City Taxes New York Operations 108

PYMNTS

JULY 2, 2018

As noted last week, some regulators, spanning the United Kingdom, North America and Asia, are seeking those exemptions as they contend that the General Data Protection Regulation ( GDPR ) could stymie cross-border law enforcement actions that focus on fraud and manipulations of markets.

Regulation 100

Regulation North Carolina Alabama cryptocurrency 100

PYMNTS

JULY 1, 2019

The potential to reshape society, to connect people in new and transparent ways, addressing the unique challenges of emerging markets, is within grasp.”. In other news, Facebook has taken down a fraudulent sponsored post that has been shared with hundreds of thousands of users.

Bitcoin 100

Bitcoin blockchain social media New York 100

PYMNTS

FEBRUARY 28, 2020

How Dropbox Fights Fraud (Digital Fraud Tracker). Cloud service providers host terabytes of valuable information, making them a particularly attractive target for fraud. Such developments bring their share of challenges, with the inclusion of the threat of fraud, but pan-Asian eatery P.F. gig economy. trillion.

Fraud 130

Fraud Security Data New York 130

PYMNTS

MAY 28, 2019

million buyers who operate in industries such as website development, logo design and blog writing. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

OCTOBER 9, 2017

With tough sanctions by the United Nations effectively isolating North Korea from the world, the country’s embassies have been forced to engage in illicit businesses to shore up cash and support their operations. They are always there buying secondhand electronics, toys, dolls, kitchen goods,” Kim said.

New York 100

New York National Report Tools 100

PYMNTS

DECEMBER 2, 2019

In recent announcements, the numbers have been supporting the argument that cryptos are becoming a favored avenue of theft and fraud. Consider the fact that, as estimated by CipherTrace’s third-quarter report for 2019, the total volume of fraud tied to crypto shows losses in the range of $4.4 billion in fraud and theft seen last year.

cryptocurrency 101

cryptocurrency National Fraud Security 101

PYMNTS

SEPTEMBER 13, 2019

As you no doubt know, 50 attorneys general this week announced an antitrust investigation into Alphabet and Google’s operations. 13) to Amazon, Apple, Facebook and Google to get documents that might shed light on market dominance. Apple market cap: Who says there are no second acts in life?

Rhode Island 100

Rhode Island Google Apple Regulation 100

PYMNTS

JULY 28, 2016

A 42-year-old man charged with running a high-end counterfeit money scheme was hauled into a New York courtroom on Wednesday (July 27) after being extradited from Malaysia. According to a report from Courthouse News, Houssein was being investigated as part of a long-term undercover investigation that lasted for years.

New York 100

New York National Groups System 100

PYMNTS

MARCH 25, 2016

In a press release posted on Thursday (March 24), the DOJ confirmed that the individuals were charged by a grand jury in the Southern District of New York and are accused with launching an extensive campaign of DDoS attacks against 46 victims between late 2011 and mid-2013.

New York 100

New York National Security Tools 100

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. One of the big challenges, said Moore, is for the institutional investor to be able to validate the integrity of the loan data itself. . not being directly underwritten). .

Lending 101

Lending New York City Online Fraud 101

PYMNTS

MARCH 13, 2017

The SEC ’s complaint is against iPayment’s then-Senior Vice President of Sales and Marketing Nasir N. Shakouri and then-Executive Vice President and Chief Operating Officer Robert S. million in losses to the company,” said Sanjay Wadhwa, senior associate director of the SEC’s New York regional office.

New York 101

New York California Regional Cards 101

Insights on Business

JUNE 18, 2018

It won’t be all glitz and glamour in New York because with these commanding technologies also comes great responsibility. This session will look at how RegTech is transforming the way compliance departments operate, allowing smaller teams to focus on higher-value activities. We are excited to see you all this week at SIFMA 2018.

Conference 70

Conference Fintech blockchain Compliance 70