PYMNTS

FEBRUARY 21, 2020

In today’s top payments news, the New York attorney general accused the Taxi and Limousine Commission of drastically inflating the price of taxi medallions, and Apple is debating letting users change their default apps. NYC Taxi Commission Accused Of $810 Million Fraud. Apple Considers Letting Users Change Default Apps.

Apple 150

Apple Samsung Fraud New York City 150

PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release. In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Most online merchants rely solely on SSL/TLS to encrypt the data being sent from their websites. Each $1 of fraud costs retailers $3.13. .

Security 233

Security New York Atlanta Fraud 233

PYMNTS

MARCH 10, 2020

Kennedy Airport in New York City, according to an arrest warrant. Firsov will have an arraignment in a New York court later this week. Online hacking scandals are prevalent in today’s digital era, with major businesses reporting breaches of their security often. As of this week, Deer.io

National 134

National Online New York City Cyber Security 134

PYMNTS

JANUARY 13, 2020

Foreign exchange company Travelex is back online with some of its electronic services after its system was brought down by hackers nearly two weeks ago, Reuters reported on Monday (Jan. The incident is being investigated by the FBI and the New York State Cyber Command. .

Online 130

Online System New York Data 130

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Good news, of course, but that doesn’t mean the pressure is any less. Classic fraud deflection is rules-based.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

MARCH 31, 2020

Complaints are stemming from travel and vacation cancellations as well as online shopping issues and government imposter scams. The FTC urges those who have encountered any type of fraud — including fraud related to the ongoing coronavirus crisis — to report it via FTC.gov/complaint ,” the FTC said.

New Jersey 175

New Jersey Fraud Florida Texas 175

PYMNTS

JULY 13, 2020

Some markets that have partially reopened, such as New York City, have mandated certain changes to in-person meetings to minimize potential health risks. Many customers have grown accustomed to virtual tours and online onboarding processes and may not wish to return to paper-based or manual methods.

Data 198

Data New York City New York Fraud 198

PYMNTS

SEPTEMBER 16, 2019

The first Influencer Fraudnomics Summit in New York City on Tuesday (Sept. 17) will discuss the fraud problem stemming from influencer marketing. The event strives to unite the worlds of communications and marketing to stimulate conversations about digital marketing and influencer campaigns, PR Daily reported on Monday (Sept.

social media 150

social media Regulation New York City Baltimore 150

PYMNTS

JULY 5, 2020

Bank of New York (BNY) Mellon has announced a new partnership with risk and payments solution provider Early Warning Services , aiming to boost digital B2B payments services for clients. With the new updated solution, BNY Mellon will let clients validate statuses and owners of accounts in real time across the U.S.

Payments 240

Payments User Experience New York Fraud 240

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. A lot has changed since the last pre-pandemic FICO World conference, held in November 2019 in New York City.

Fraud 52

Fraud Trends South Carolina Risk Management 52

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. All three men have pleaded not guilty. “To

ATM 100

ATM Online New York Bitcoin 100

CB Insights

MAY 27, 2021

Forter , a fraud-prevention platform for e-commerce, has raised $300M in a Series F with participation from Tiger Global Management, Bessemer Venture Partners, Sequoia Capital, and Scale Venture Partners, among others. The company has doubled its merchant network in the last year and conducted online transactions of over $250B.

Fraud 44

Fraud New York Capital Online 44

PYMNTS

APRIL 26, 2020

Attorney Timothy Shea said the office would not “tolerate exploitation of this national emergency for personal gain […] This Office will not allow fraudsters to use anonymous online spaces and cryptocurrency to hide their harmful activities and prey on victims.”.

Bitcoin 154

Bitcoin blockchain Fraud New York 154

PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

PYMNTS

SEPTEMBER 23, 2020

Even New York City has now greenlit indoor dining, but the great restaurant sector reset of 2020 is far from finished. When the seesaw stops and COVID cools down, mobile order-ahead (MOA) apps are poised to control a much larger swath of food commerce, with new complexities attending that growth. percent to 45.6

Mobile 245

Mobile New York City Fraud New York 245

PYMNTS

SEPTEMBER 28, 2018

The news comes a few months after the Trump administration created a new task force that will focus on protecting consumers from one of the biggest fraud threats: crypto coins. The newspaper claims that law enforcement possibly seized under $2 million of the funds that the paper analyzed.

Analysis 190

Analysis Bitcoin Fraud New York 190

FICO

JUNE 14, 2022

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. In May, 800 FICO customers and partners joined FICO colleagues at the first FICO World since the pre-pandemic event in New York in 2019.

Fraud 52

Fraud Trends Analytics Cards 52

FICO

AUGUST 14, 2019

In New York City, retail icons Barneys New York and Dean & Deluca are in bankruptcy , victims of rising rents and a dramatic increase in online purchases of luxury goods. In 2017, the average online luxury footwear spend increased 4% to $794 , and purchase frequency also increased slightly to 1.6

Fraud 40

Fraud New York City New York Online 40

PYMNTS

JULY 14, 2020

Some markets that have partially reopened, such as New York City, have mandated certain changes to in-person meetings to minimize potential health risks.”. They must ensure the onboarding technologies they utilize are fast, easy to navigate and secure, meaning data accuracy and upgraded fraud protection tools should be top-of-mind.”.

Data 131

Data New York City Video New York 131

PYMNTS

JANUARY 27, 2021

The pandemic has fast-tracked that digitization, however, as concerns and restrictions have led members to reduce their branch visits and turn to contactless features to carry out their banking activities online. Embarking On A Digital Transformation.

New Jersey 223

New Jersey Connecticut Fraud System 223

PYMNTS

JUNE 29, 2018

The state of California passed a new digital privacy law that provides consumers with more transparency and control over their digital data. While technology and businesses in California weren’t in support of the bill, they didn’t attempt to prevent it because the ballot initiative was even tougher, noted The New York Times.

California 100

California Data Online New York 100

PYMNTS

APRIL 10, 2019

The New York Department of Financial Services has denied a virtual currency license for Bittrex, an American digital asset exchange. Bittrex was ordered to stop operating in New York and close shop within 60 days. Bittrex was ordered to stop operating in New York and close shop within 60 days.

Bitcoin 116

Bitcoin New York cryptocurrency United States 116

PYMNTS

MARCH 15, 2016

It turns out those funds were stolen from Bangladesh’s account at the New York Fed through the use of official government codes. The details of the breach that have been reported indicate that $81 million was taken from the New York Fed and stashed into a Philippines personal bank account.

New York 50

New York Course System Security 50

PYMNTS

SEPTEMBER 21, 2020

The consortium reports that suspicious activity reports were filed by a few large banks: In terms of a report “tally,” Deutsche Bank filed 982, Bank of New York Mellon had 325, Standard Chartered Bank filed 232 and J.P.Morgan Chase had 107. percent of FIs believe AI is an effective tool for stopping fraud before it happens.

Fraud 347

Fraud Report System FDIC 347

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. And the New York Times has revealed that it is planning to use blockchain technology to fight fake news.

Regulation 108

Regulation Bitcoin New York Online 108

PYMNTS

JULY 31, 2019

Software engineer Paige Thompson, 33, allegedly boasted online about the hack and left crumbs for investigators to follow, The New York Times reported. Seattle-based Thompson was charged with one count of computer fraud and abuse following her arrest on Monday (July 29). Online, she used the name “erratic.”.

Capital 115

Capital Data Seattle Connecticut 115

Abrigo

AUGUST 22, 2019

Due to the heightened knowledge and expertise required for BSA officers, their training requires resources beyond reading periodicals and online articles and/or completing general staff training,” the Minneapolis Fed’s newsletter said. Finally, BSA officers can obtain required training using online resources from reputable thought leaders.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

FEBRUARY 15, 2019

Amazon and the city of New York managed to pull off one of history’s more spectacular break-ups this week, with the Valentine’s Day announcement that the city and the nation’s largest eCommerce firm would not be joining forces to build half of Amazon’s HQ2 in Long Island City. As noted by Kathryn S. How can anyone be surprised?”

New York 115

New York New York City Virginia Nashville 115

PYMNTS

SEPTEMBER 24, 2019

Also, Microsoft has launched a new tool to aid businesses in managing their brands online called Dynamics 365 Commerce. And the CEO and founder of MyPayrollHR, the New York-based payroll company, was arrested and charged in a $70 million bank fraud scheme. New Microsoft Tool Lets Merchants Create Product Web Pages.

Payments 108

Payments Fraud Tools Branding 108

PYMNTS

DECEMBER 3, 2019

This type of fraud covers for cybercriminals by tricking unsuspecting consumers into believing that they have landed lucrative work opportunities when they are actually participating in criminal enterprises. The following Deep Dive unpacks how reshipping fraud works, and how both merchants and consumers can stay vigilant against it.

Fraud 134

Fraud New York City social media United States 134

PYMNTS

NOVEMBER 11, 2016

First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. First, the bank’s fraud system detected suspicious activity , which led to thousands of customer cards being blocked from usage. Just days later, the fraud scare actually became reality. 8) that £2.5

Las Vegas 173

Las Vegas Fraud Honolulu Cards 173

PYMNTS

JULY 30, 2019

Software engineer Paige Thompson, 33, allegedly boasted about the hack and left crumbs for investigators to follow, The New York Times reported. Seattle-based Thompson was charged with one count of computer fraud and abuse following her arrest on Monday (July 30). Online, she used the name “erratic.”.

Capital 219

Capital Seattle United States New York 219

PYMNTS

JUNE 29, 2020

As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. Wirecard, focused on online payments, in recent years created Boon, a mobile app payment system tied to Europe, and offered WeChat Pay to European merchants as recently as this year.

New York 178

New York Comparison Fraud Cards 178

PYMNTS

MARCH 23, 2018

While the defendants have not been arrested and are reportedly abroad, they face multiple charges, such as wire fraud and conspiracy to commit computer intrusions. financial sector, which barred online service through an overwhelming flow of traffic from multiple sources. Prosecutors said over 31 terabytes were stolen from 144 U.S.

New York 111

New York Fraud Data Online 111

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

OCTOBER 24, 2018

Fewer consumers use physical currency when making purchases, and are instead turning to more modern, digital methods of payment, particularly when making purchases online with debit cards. Fraud is a huge consideration for us,” Bonkowski said. The Future of Fraud Protection. and around the globe. and around the globe.

Fraud 166

Fraud Cards Online Data 166