PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S.,

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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.

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

Retail 120

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PYMNTS

SEPTEMBER 17, 2020

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

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PYMNTS

NOVEMBER 12, 2019

Home is sometimes where the fraud is, as criminals often consider purchasing properties or making rental payments to launder ill-gotten gains. The Face Of Digital Real Estate Fraud. Farris said that the trick to keeping security processes as painless as possible is for companies to not get ahead of themselves.

Fraud 101

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PYMNTS

SEPTEMBER 3, 2019

The global digital ad market is expected to be valued at $225 billion by 2020, so it is no wonder fraudsters are trying to steal a piece of the pie. Ad fraud’s prevalence is largely due to two factors: The lack of regulation and the sheer complexity and volume of online advertising. Ad fraud can take a variety of forms.

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PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. Businesses and organizations are already taking steps to close this security gap. billion by 2025, with $1.6

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PYMNTS

SEPTEMBER 28, 2016

Can a smartphone keep you and your money safe from fraud? According to the Brazilian financial services firm, launched in 2014, it boasts a fraud rate just one-tenth that of larger banks and financial institutions. The rise of digital and mobile technology has made preventing fraud much more challenging for financial service providers.

Security 100

Security Mobile Fraud United States 100

PYMNTS

OCTOBER 2, 2019

The co-founder of a cryptocurrency hash power broker has been arrested in Germany over charges in the United States that he is one of several hackers who stole millions of dollars. And Samsung-backed Blocko is now in the UAE after it secured funding in Asia Pacific and Europe.

blockchain 145

blockchain Security Bitcoin United States 145

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.

Security 109

Security Data Fraud Regulation 109

Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on. Policies that promote the employment of former trafficking victims can help end cycles of trafficking, as well.

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PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? .

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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

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PYMNTS

JUNE 26, 2018

CashShield , an online fraud management solution for mid- to large-sized enterprises, announced Tuesday (June 26) it raised $20 million via a round of fundraising. Investors, too, see the value, and are supporting us in our fight against the online fraud boom.”

Fraud 108

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PYMNTS

JANUARY 12, 2018

Those investments and focus, the company said, will help “define the future of payments security.”. 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 million U.S. locations, according to the post.

America 153

America United States Analytics Cards 153

PYMNTS

JULY 25, 2019

In the July Digital Banking Tracker , PYMNTS examines how banks are using tools like artificial intelligence (AI) and automation to both fight against fraud and better engage customers. The Tracker also examines how these technologies are beginning to be used in new markets like South Africa and India. Around the Digital Banking World.

Digital Banking 176

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PYMNTS

MARCH 12, 2020

Schroeder said the increasing adoption of payroll cards, and their use — which has grown by nearly 9 percent in the United States between 2015 and 2019 — has come on the tailwinds of high economic growth and high employment. A tight labor market means employers must be cognizant of what their workers want. The Security Angle.

Cards 154

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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. No rest for banks amid the hackers. And certainly not with an outsourced tech model. In the build vs. buy debate there has been a third way — partner.

Data 176

Data Security Capital 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.

Fraud 126

Fraud Digital Banking Strategy Security 126

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

Innovation 155

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PYMNTS

APRIL 26, 2019

Tether is a stablecoin (in turn backed by United States dollars), and Bitfinex allegedly raided reserves to make payouts to consumers looking for redemptions. Various financial publications including The Wall Street Journal reported that the exchange dipped into reserves of Tether.

Fraud 134

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Abrigo

JUNE 23, 2020

We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success. Over 2,000 financial institutions are hosted in the ADC, which is independently owned by Abrigo and housed in the United States. Fraud Prevention. Fraud Trends. Learn More.

Software 195

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PYMNTS

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. The FIS mobile banking app acts as a remote control for the ATM, providing privacy and security for consumers.

ATM 117

ATM Technology United States Security 117

CFPB Monitor

JULY 14, 2022

Protection of consumers, investors, and businesses in the United States; b. Protection of United States and global financial stability and the mitigation of systemic risk; c. Mitigation of illicit finance and national security risks posed by misuse of digital assets; d. Reinforcement of U.S.

United States 78

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PYMNTS

AUGUST 2, 2018

“Abuses in the mortgage-backed securities industry led to a financial crisis that devastated millions of Americans,” said Acting U.S. Today’s agreement holds Wells Fargo responsible for originating and selling tens of thousands of loans that were packaged into securities and subsequently defaulted. Tse, in a press release.

United States 106

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PYMNTS

FEBRUARY 16, 2018

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. sentencing guidelines.”.

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PYMNTS

JUNE 19, 2020

Amazon and Italian luxury brand Maison Valentino filed a lawsuit against a retailer Thursday (June 18), alleging the company sold counterfeit goods as the trade in the so-called “gray market” continues to draw attention. The counterfeits [are] kind of flooding the markets,” he told Federal News Network. “It

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PYMNTS

DECEMBER 20, 2017

What do track and field stars, NASCAR drivers and millions of businesses owners around the United States have in common? Real-time payments enables PNC to bring a new, leading-edge solution to market as the economy becomes increasingly digital,” Ward said. They all have an appreciation for speed.

Payments 209

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PYMNTS

JANUARY 9, 2019

The bank is currently embroiled in several investigations from Great Britain to the United States to Denmark and Estonia. The lawsuit said that the market value of Danske’s American depositary receipts (ADRs) dropped by $2.54 Danske says it’s cooperating. billion when investors became aware of the breadth of the scandal.

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PYMNTS

FEBRUARY 28, 2019

That brings Adyen’s total valuation to $22 billion — roughly on par with its Silicon Valley counterpart and latter-day rival, Stripe , which was valued at $20 billion as of its last fundraising — as the business expands into the United States. By the numbers, the firm posted net revenue of €192.5

United States 109

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Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

Fraud 31

Fraud Company Cyber Security United States 31

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.

Los Angeles 133

Los Angeles Fintech Digital Banking Tools 133

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.

How To 109

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PYMNTS

MARCH 13, 2017

In 2002, for example, Pool Re expanded its coverage to include chemical and biological attacks after the 9/11 attacks in the United States. This is similar to what is done in the United States, where the cyberinsurance market paid out about $3.25 Cyberattacks on property are especially concerning for authorities.

United States 109

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PYMNTS

JUNE 16, 2016

And while this sort of technologically sophisticated crime is grabbing headlines, the enterprise remains at risk for less advanced fraud. A new report from Strategic Treasurer and Bottomline Technologies uncovered some of the patterns underneath fraud attacks on corporate treasuries. Check And Wire Fraud.

Fraud 100

Fraud Survey Security United States 100

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect In 30+ Markets. It was a solution that laid in the cross-section of many separate but connected problems in the Mexican market and beyond.

San Francisco 100

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect in 30+ Markets. It was a solution that laid in the cross-section of many separate but connected problems in the Mexican market and beyond.

San Francisco 100

San Francisco Fraud United States Google 100