FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Payments South Carolina Compliance 52

PYMNTS

FEBRUARY 25, 2019

As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. A recent partnership in India aims to add further biometric security to the nation’s Aadhaar system.

Wyoming 134

Wyoming Idaho Maryland Colorado 134

FICO

FEBRUARY 16, 2023

When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%). Consumers can also take more advantage of tap-to-pay technology.

Cards 98

Cards US Data Fraud 98

PYMNTS

JUNE 20, 2019

As for allegations of bank and wire fraud against the company, as well as his daughter, CFO Meng Wanzhou, Ren said the banks “have full knowledge of all those business activities.”. prosecutors filed criminal charges against China’s largest technology company, accusing it of stealing trade secrets and committing bank fraud.

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PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Six Flags Case.

Illinois 161

Illinois Google New Hampshire Texas 161

PYMNTS

SEPTEMBER 15, 2020

Moreover, the federal administration's think tank is looking into potential cases where blockchain technology could be harnessed, the report stated. South Korea and Singapore regulate digital currency trades, while China recently let bitcoin be exchanged as virtual property instead of fiat currency. In other news, the U.S.

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Bitcoin cryptocurrency blockchain Analytics 167

PYMNTS

APRIL 11, 2016

In an internal FDIC document obtained by The Washington Post , it was revealed that the data of 44,000 FDIC customers was breached by an employee who left the agency in February. With the help of technology used to monitor downloads to removable devices, FDIC was able to detect the breach days after the employee left FDIC on February 26.

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Abrigo

NOVEMBER 2, 2021

With the 2021 change in administration in Washington, D.C., This topic has continued to be emphasized by FinCEN throughout the years, as demonstrated by former FinCEN Deputy Director Jamal El-Hindi in a 2019 speech centered around national security concerns within our U.S. financial institutions.

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PYMNTS

AUGUST 12, 2019

As reported this past week by Fox 5 in Washington, D.C., Separately, AppZen, said that within companies themselves, expenses are not monitored as closely as they might be with the aid of technology. Business email compromise has come to high school sports. As noted in the August 2019 “The State of AI in Business Spend,” 96.3

New York City 149

New York City Phoenix Fraud Florida 149

PYMNTS

SEPTEMBER 9, 2019

Microsoft President Brad Smith is concerned about how thieves are weaponizing tech, and he is berating Facebook for allowing it to fester on its network, The Washington Post reported on Sunday (Sept. Digital technology has become both a tool and a weapon, and we need to address that head-on,” Smith said in an interview with the WP.

social media 189

social media Washington Tools Regulation 189

PYMNTS

JULY 12, 2019

That said, in a first-ever congressional hearing on marijuana law reform, the House Judiciary Subcommittee on Crime, Terrorism and Homeland Security convened July 10 to debate altering federal law around cannabis. Fraud, in the herbal world, is a very common occurrence,” she told PYMNTS in a recent interview.

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Retail Colorado Regulation Compliance 154

PYMNTS

MAY 24, 2019

The Innovation Hours Program will provide financial technology (FinTech) and regulatory technology (RegTech) companies and financial institutions the opportunity to present their new and emerging innovative products and services to FinCEN,” the organization said in the release. FinCEN expects to hold events in the Washington, D.C.

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PYMNTS

OCTOBER 17, 2018

If history is even a rough guide to the future, you can bet that some of the case studies, technology and techniques gained from what promises to be a major operational effort will make their way into the payments and commerce mainstream — which, of course, has its own daily issues with data breaches, hackers, fraud and authentication.

Payments 168

Payments Maine Case Study System 168

PYMNTS

DECEMBER 1, 2017

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. drivers’ license numbers. drivers’ license numbers.

New York 144

New York Data Regulation Washington 144

PYMNTS

APRIL 14, 2016

Tensions between Washington and Silicon Valley may heat up with the circulation of the latest proposal from lawmakers that would force private companies to unlock encrypted devices and technology at the request of a court order. Dianne Feinstein are requesting input on the proposed legislation.

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Seattle Washington New York Data 100

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. They are mostly looking for simple, convenient payment options, says Cary Whaley, ICBA vice president, payments and technology policy. By Kelly Pike.

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Community Bank Community Analytics Lending 70

FICO

MARCH 31, 2016

During this period of Congressional gridlock, much of the activity in Washington DC impacting the financial services industry remains focused on the development and implementation of new regulations. In Washington, we will feature a session that highlights a use case from a leading APAC-based bank.

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Compliance DC Washington Regulation 40

PYMNTS

OCTOBER 17, 2018

If history is even a rough guide to the future, you can bet that some of the case studies, technology and techniques gained from what promises to be a major operational effort will make their way into the payments and commerce mainstream — which, of course, has its own daily issues with data breaches, hackers, fraud and authentication.

Payments 100

Payments Maine Case Study System 100

Javelin Strategy & Research

SEPTEMBER 2, 2014

This will require several trips a year to Washington, DC along with several touch-points, and I’m looking forward to getting acquainted with the CFPB’s staff and other 24 Consumer Advisory Board (CAB) members. I have a lot to learn! I can’t get enough of innovation and digital strategy. So what do you think I should focus on?

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Innovation DC FDIC Strategy 58

PYMNTS

DECEMBER 24, 2019

Indeed, to create and promote the adoption of a new royalty-free connectivity standard (to make smart home products more compatible with security as a design tenet), Amazon, Google, Apple and the Zigbee Alliance unveiled a new working group. One can bet that the ongoing deployment of new 5G mobile network technology will drive things further.

Cards 160

Cards Payments Study Examples 160

PYMNTS

JANUARY 18, 2020

They say the perfect crime is hard to commit, but last week in Spokane, Washington an intrepid burglar managed to pull it off at the Yuppy Puppy pet store, according to local law enforcement officials. Brown rejected suggestions that it could be a current or past employee, telling local news affiliates, “It was a pro.”.

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Retail Colorado Cards Resources 147

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Some companies just push their luck a little too far.

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Fraud Las Vegas Company Video 78

PYMNTS

MARCH 4, 2016

Even though Schmidt might not wear his Google work anniversary fleece into meetings with Pentagon staff, it’s misguided to couch his and others’ involvement in a DOD consultancy thinktank as an unrelated detail in the larger tug of war between the old halls of power in Washington, D.C., and the new ones in the Bay Area.

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PYMNTS

JANUARY 16, 2020

A two-headed monster of rising churn and rampant fraud is menacing the growing subscription space, and many companies are spending big bucks to roll out innovative fraud-busting technologies to combat it. This means businesses must prioritize security, even if it means sacrificing transaction speed. billion in 2019 to $4.1

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Customer Experience Fraud Video Security 131

Fintech Labs Insights

FEBRUARY 24, 2016

Peel Hunt Technology Sector Report highlights Featurespace. ThreatMetrix Enters Into Agreement with FUJI SOFT to Provide Online Fraud Solutions to Japan. Lending Club opens to retail investors in Maryland and North Dakota, bringing its total to 45 states & Washington D.C.

North Dakota 12

North Dakota Maryland Washington Lending 12

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. However, Silsby says technology also can free up time for employees to have more meaningful interactions. Use these 3 technologies to safeguard customer data.

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Community Community Bank social media Security 139

Fintech Labs Insights

SEPTEMBER 21, 2015

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. Also, long-time alum, Alkami Technology picked up $11 million Friday to further their e-banking solutions business. Alkami Technology. HQ: Seattle, Washington.

New York City 12

New York City San Francisco Company Fintech 12

PYMNTS

APRIL 27, 2020

That conversation, Cagney noted, starts with the notion of the “digital dollarization” of payments, part of a larger infrastructure change that is he said is today more than just a passing topic of conversation in Washington. That’s a nightmare waiting to happen with the amount of fraud that could occur there.”.

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blockchain Taxes Industry Payments 272

Fintech Labs Insights

JUNE 6, 2016

Payments technology. Blockchain technology . Healthcare & insurance technology. Tags: SMB, accounting, bookkeeping, expense reporting, compliance, fraud protection. Total raised: $41 million. HQ: Bangalore, India. Source: Crunchbase. Wincor Nixdorf ( AEVI subsidiary ). Latest round: $23 million Post-IPO Equity.

Company 12

Company Fintech San Francisco New York City 12

Fintech Labs Insights

JUNE 16, 2016

Tally Technologies. Shift Technology. Fraud detection for ecommerece & financial services. HQ: Kirkland, Washington. Tags: Enterprise, security, insurance, ecommerce, fraud protection. Total raised: $130.8 million ($83.1 million Equity, $47.7 million Debt). HQ: London, England, UK. Source: Crunchbase.

San Francisco 12

San Francisco Company South Carolina New York City 12

PYMNTS

OCTOBER 11, 2019

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI).

Cards 116

Cards Online Houston Digital Banking 116

CB Insights

FEBRUARY 19, 2019

As AI technology advances and seeps deeper into our daily lives, its potential to create dangerous situations is becoming more apparent. AI technology could be impossible to control. We cannot regulate technology that we cannot predict. A Tesla Model 3 owner in California died while using the car’s Autopilot feature.

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Technology System National US 78

CB Insights

JULY 23, 2020

In this report, we dive into some of the technologies that will help address these concerns and influence the future of the office space, from autonomous cleaning solutions to people-counting sensors. Here are some of the new considerations and technologies that may impact each part of Rachel’s working day. Conclusion. First name.

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Meeting Tools Survey Company 101

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. No AdMob, no product.

Apple 78

Apple Branding Google Company 78

Gonzobanker

DECEMBER 22, 2015

It’s nice to see somebody passionate about using new payments technology to make banking easier and cheaper for the financially disadvantaged. Let’s see if better technology and delivery tools get the idea farther down the road this time. FFIEC’s Cyber Security Self-Assessment Tool. Not even close. . 2015 Executive Call-out.

Community Bank 60

Community Bank Apple Community Technology 60

Fintech Labs Insights

OCTOBER 12, 2015

Also participating in the round were Citizens National Bank, Live Oak Bank, and Washington Trust, which are customers of Praesidio as well as investors. Pictured: Praesidio Chief Technology Officer Sean Cassidy presenting at FinDEVr 2015 in San Francisco.

San Francisco 12

San Francisco Seattle Washington Big Data 12

PYMNTS

JULY 29, 2019

In addition, there would be stricter rules for securing equipment. If the proposals go through, American companies could be impacted, including tech manufacturers such as Cisco Systems , IBM , Juniper Networks and Dell Technologies , as well as financial services providers and the automotive sector. Last month, U.S.

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