PYMNTS

FEBRUARY 9, 2020

Chainalysis, the New York-based firm that works with clients like the Federal Bureau of Investigations in order to track scams and fraud, said the trend has been that Ponzi schemes mimicking investment opportunities have proven effective at leeching money away from victims.

Fraud 207

Fraud cryptocurrency Bitcoin Comparison 207

PYMNTS

AUGUST 11, 2020

Merchant cash advance companies avoid much of the regulation banks face by claiming that rather than giving loans to businesses, they’re paying the business cash now in return for a cut of future revenue. Critics argue that the total cash outflow required of businesses that get money from merchant cash advance companies can be disastrous.

Lending 237

Lending Regulation Philadelphia New York 237

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. Like with all new innovations, there are going to be some hitches to it,” Cavazos said. Sylo is sponsoring the event. It’s a very fine, delicate balancing act.”.

social media 150

social media Regulation New York City Baltimore 150

CFPB Monitor

DECEMBER 6, 2022

Earlier this year, New York delayed the effective date of its new law requiring card issuers to provide a grace period for using credit card rewards points that was slated to be effective later this week. The delay means that the effective date of the new law is now December 10, 2023.

New York 78

New York Cards National Compliance 78

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

MARCH 27, 2019

regulators in the wake of money laundering scandals, reported the Financial Times. In what is seen as a significant increase in the level of scrutiny placed on the bank, the New York State Department of Financial Services (DFS) alerted Swedbank in a letter in February that it was looking into seven different cases at the bank.

Regulation 122

Regulation New York US Maine 122

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

Security 233

Security New York Atlanta Fraud 233

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases.

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud.

Fraud 128

Fraud Analytics New Jersey Data 128

Perficient

AUGUST 16, 2023

Bank Closed By Regulators Almost all bank closures happen on a Friday so that regulators can work all weekend to reopen the bank on Monday. The federal bank regulator and Dream First Bank also negotiated a shared-loss agreement on the loans purchased from Heartland Tri-State Bank to share the losses and potentially recover assets.

United States 221

United States Kansas FDIC Risk Management 221

Perficient

MAY 15, 2023

Risk & Fraud Prevention. Additionally, maintaining clear, comprehensive data systems promotes business ethics and adherence to laws and regulations enforced by regulatory bodies. Venues in New York City, and it is free for those employed by financial services institutions to attend.

Data 275

Data Conference New York City New York 275

PYMNTS

FEBRUARY 21, 2018

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. Mehraban, associate regional director of the SEC’s New York regional office, said in the release. “We In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

JANUARY 19, 2018

In addition, the regulator charged, the three operators broke laws governing commodity trading. The Globe and Mail reported that the CFTC filed suit in New York. They said they would “continue to address violations and to bring actions to stop and prevent fraud in the offer and sale of digital instruments.”.

Operations 120

Operations Regulation US Bitcoin 120

PYMNTS

AUGUST 9, 2020

Then the regulator clears the payment to be deposited to the nonexistent fund. The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. They still have to inform NYDFS before using the coin, though.

blockchain 224

blockchain Bitcoin New York cryptocurrency 224

PYMNTS

OCTOBER 13, 2019

financial regulators have warned firms with registered digital assets that they must follow securities laws to prevent money laundering, as well as report any suspicious activity. We haven’t said anything about ether — until now,” Tarbert said at Yahoo Finance ‘s All Markets Summit in New York City. “It Earlier this year, U.S.

Regulation 122

Regulation Security New York City Bitcoin 122

PYMNTS

JULY 2, 2018

Just a few weeks in, the data privacy law that has just taken root in the European Union already has some regulators seeking exemptions around the globe. Pertaining to investigations, the regulation – which took effect on May 25 – places restrictions on the data that can be shared internationally in the “public interest.”

Regulation 100

Regulation North Carolina Alabama cryptocurrency 100

PYMNTS

JANUARY 16, 2020

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500 million bailout for debt-burdened taxi drivers and Google modifies its search function to make finding and comparing apparel easier. New Data: 75 Pct.

Apple 130

Apple New York City New York Google 130

PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

Fraud 130

Fraud Report cryptocurrency National 130

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

New York 67

New York National Capital Risk Management 67

PYMNTS

DECEMBER 30, 2020

Headquartered in Brooklyn, New York, Songkick is a concert discovery service owned by Warner Music Group. . The deal resolves the five criminal counts including wire fraud, conspiracy and computer intrusion. Department of Justice reached a deal with Ticketmaster before U.S.

Los Angeles 223

Los Angeles Fraud New York California 223

PYMNTS

JANUARY 13, 2020

There are other state versions of the agency, such as in Pennsylvania and New York, where efforts are focused on fighting consumer fraud and ensuring that firms comply with state laws. Penalties in the New Year. The agency would be renamed the Department of Financial Protection and Innovation.

Data 131

Data social media Regulation California 131

PYMNTS

JUNE 25, 2018

MetLife was charged with making false statements to investors on Monday (June 25) by the securities regulator in Massachusetts. After an investigation, the state regulator lodged the charges against the company after MetLife said in December it didn’t make payments to retirees.

Massachusetts 108

Massachusetts Regulation Security New York 108

Abrigo

APRIL 6, 2022

Takeaway 1 Financial institutions must revise their incident response and business continuity procedures to meet new requirements by May 1, 2022. Takeaway 2 The change includes an obligation to inform regulators of a “notification incident” ASAP and no later than 36 hours after a reportable event occurs.

Security 195

Security Regulation District of Columbia United States 195

Abrigo

MARCH 22, 2023

A business with significant funds movement to/from or between higher risk geographies, including domestic areas with geographical risks, such as south Florida, southwestern border states, and New York/New Jersey. Account activity or a business operation that doesn’t make sense for the entity or industry.

Training 195

Training Fraud New Jersey Regulation 195

PYMNTS

MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. Developments From Around The World Of Digital ID.

Fraud 247

Fraud Meeting Innovation New York 247

PYMNTS

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 On top of these numbers, the New York Attorney General’s Office revealed what they allege is a fraud involving the loss of $851 million by a major cryptocurrency exchange, Bitfinex. billion this year.

Report 153

Report cryptocurrency Fraud Bitcoin 153

PYMNTS

JANUARY 29, 2020

The government’s policy and its regulations should be well known before enforcement happens, the policy said. said that national policy might not be enough in terms of crypto regulation. . “We Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

Bitcoin 132

Bitcoin Regulation blockchain Delaware 132

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

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. The timing will undoubtedly put pressure on regulators to push through strong regulation.

Cyber Security 100

Cyber Security Regulation Security New York 100

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

NOVEMBER 30, 2017

Privacy regulators of the European Union said Wednesday (Nov. According to a news report in Reuters , European data protection authorities said regulators from France, Italy, Spain, Belgium, the U.K. But it’s not just European regulators who want answers from Uber. Meanwhile, regulators in the U.K.,

Regulation 100

Regulation Connecticut Illinois Massachusetts 100

PYMNTS

FEBRUARY 27, 2020

Wednesday’s ruling comes as concerns have arisen that regulators will find XRP an unregistered security, and possibly stop trading of the currency. percent to about 23 cents at the close of New York trading, having fallen about 14 percent this week, according to numbers compiled by Bloomberg. XRP fell 8.2

Oakland 151

Oakland California Fraud New York 151

PYMNTS

NOVEMBER 23, 2017

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., According to a report in Fortune published Wednesday (Nov. Meanwhile, in the U.K.,

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

MAY 19, 2019

New York’s Department of Financial Services seized Municipal Credit Union , New York’s oldest credit union, on Friday (May 17), saying it is facing “unsafe and unsound” conditions. million worth of New York State Lottery tickets with the money he embezzled.

New York 181

New York Security Customer Experience Innovation 181

Insights on Business

APRIL 2, 2019

Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. IBM Watson Financial Services Summit for Payments, May 1 st , New York City.

Payments 125

Payments New York City Fraud New York 125