PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported.

Ohio 271

Ohio Virginia Fraud Lending 271

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

Fraud 100

Fraud Cards South Dakota West Virginia 100

American Banker

APRIL 20, 2020

MVB Financial plans to use Paladin Group to advise its bank and a number of its fintech clients.

West Virginia 41

West Virginia Virginia Fraud Fintech 41

PYMNTS

NOVEMBER 6, 2018

NCR makes a fraud prevention move, Airbnb landlords get a hefty fine, Amazon does a split take and a transit startup lands a big investment. NCR Buys StopLift To Prevent Retail Fraud. The eCommerce giant was in late-stage discussions with a handful of communities, including Crystal City in northern Virginia, Dallas and New York City.

Taxes 108

Taxes New York City Dallas Virginia 108

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. 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%).

Cards 98

Cards US Data Fraud 98

PYMNTS

SEPTEMBER 20, 2018

The indictment, which was unsealed on Tuesday (September 18) in a federal court in Baltimore, charged the men with conspiracy, wire fraud, identity theft and money laundering. At least 400 victims in the Baltimore area, Virginia and in Texas were impacted, said Gordon Johnson of the Federal Bureau of Investigation’s Baltimore Field Office.

Baltimore 167

Baltimore Maryland Texas Nevada 167

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

OCTOBER 19, 2017

states, including Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. This contract extension will not only provide Sheetz with access to WEX’s … products and services, but its customers will benefit as well through fuel savings programs, fraud protection and data insight.”.

Cards 100

Cards West Virginia North Carolina Virginia 100

PYMNTS

MAY 26, 2016

The transition to EMV was supposed to all but eliminate the danger of credit card fraud, but incomplete changeover, both in chip cards and compatible payments terminals, leaves plenty of room for the less scrupulous among us to take advantage and credit card numbers in equal turns.

Cards 100

Cards Kentucky Virginia Fraud 100

PYMNTS

SEPTEMBER 2, 2019

Mobile betting, however, is only allowed in five: New Jersey, Pennsylvania, West Virginia, Iowa and Nevada. com to invest in automated authentication processes, according to Russell Medley, 888’s director of fraud and risk management. Geofencing ensures mobile apps stay within each state. That’s pushing companies like casino site 888.com

NJ 108

NJ New Jersey Rhode Island Online 108

PYMNTS

AUGUST 13, 2019

On top of this internal fraud, cyberattackers are also targeting payroll systems with similar intentions. In Arlington County, Virginia, government payroll systems were targeted in a phishing attack in July despite the county allocating $60,000 to educate government employees on how to spot and avoid a phishing scam email.

Arlington 150

Arlington System Ohio Virginia 150

Independent Banker

JANUARY 31, 2022

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Elizabeth Judd is a writer in Virginia. Digital account opening.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

FEBRUARY 15, 2019

Amazon confirmed that it will instead move forward with plans for Northern Virginia and Nashville, and continue to hire and grow across its “17 corporate offices and tech hubs in the U.S. Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register. and Canada.”.

New York 115

New York New York City Virginia Nashville 115

Abrigo

AUGUST 22, 2019

5 in Richmond, Virginia Oct. Finding ongoing BSA training to stay on top of the latest information about money-laundering and fraud is possible, thanks to regional, local and online resources aimed at making it convenient and cost-effective. Fraud Prevention. 16 in Chicago, Illinois Oct. 21 in Houston, Texas Nov. Learn More.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

Compliance 186

Compliance Guidelines Meeting Tools 186

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Peer-to-peer fraud. Mary Thorson Wright is a writer in Virginia. Illustration by Monster Ztudio/Adobe. By Mary Thorson Wright. This area could evolve rapidly. According to Rhonda R.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

AUGUST 9, 2019

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers. Fraud comes in many flavors , and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point.

Apple 115

Apple Virginia Regulation Millennials 115

PYMNTS

AUGUST 2, 2019

The Federal Reserve orchestrated an official investigation of an Amazon facility in Virginia, kicking off what is expected to be ongoing oversight of cloud providers, people familiar with the matter told The Wall Street Journal on Thursday (Aug 1).

Regulation 144

Regulation Virginia Google Capital 144

Independent Banker

AUGUST 31, 2022

Mistakes, system glitches and fraud happen. Fraud and unauthorized use happen. Mary Thorson Wright is a writer in Virginia. By Mary Thorson Wright. Direct deposit or bill pay failures, transaction input errors or operating system malfunctions could show up on a consumer’s deposit account statement. Mistakes and glitches happen.

Community Bank 91

Community Bank Regulation Community Training 91

American Banker

MARCH 28, 2016

Bay Banks of Virginia in Kilmarnock has increased the size of its fourth-quarter loss, after a commercial borrower pleaded guilty to creating false financial statements.

Virginia 28

Virginia Fraud Community Bank Community 28

PYMNTS

DECEMBER 3, 2018

For example, the National Bank of Blacksburg in Virginia sued Everest National Insurance Company earlier this year after the bank was hit by cyberattacks in 2016 and 2017. The Financial Times reports that not only have sales of policies been growing by about 25 percent a year, but so have disputes between companies and the insurers.

Virginia 184

Virginia Policies Security National 184

Jeff For Banks

NOVEMBER 24, 2019

September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. All from Keystone, West Virginia. However, it seems unlikely that McConnell didn't orchestrate the fraud. billion in assets.

National 78

National West Virginia Virginia Pennsylvania 78

PYMNTS

SEPTEMBER 27, 2016

– Fraud syndicates and violators that return again and again. degrees from the University of Virginia. Industry threats include: – Anti-consumer and other dishonest activity masquerading as legitimate business. – Prohibited drug and pharma sales concealed by Transaction Laundering. Digital Discussion Presenter: .

Payments 100

Payments Virginia Innovation Big Data 100

PYMNTS

DECEMBER 21, 2016

Engility , a cybersecurity firm based in Chantilly, Virginia, announced that it was awarded a $31 million contract in support of the U.S. Air Force Life Cycle Management Center, Cyber Security Engineering Division.

US 100

US Cyber Security Virginia Analysis 100

PYMNTS

AUGUST 23, 2018

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

Cards 112

Cards South Carolina North Carolina Nebraska 112

PYMNTS

JULY 26, 2016

“Public disclosure of unverified consumer complaint narratives raises significant consumer privacy issues and risks tarnishing the reputation of individual companies,” said Virginia O’Neill, senior vice president of the American Bankers Association’s Center for Regulatory Compliance.

Virginia 100

Virginia Comparison Compliance Fraud 100

PYMNTS

JANUARY 17, 2017

Hackers reportedly hit the University of Virginia, the University of Central Florida, the University of Connecticut and Michigan State University, to name a few. In 2016, some 19 academic institutions disclosed data security breaches.

Los Angeles 100

Los Angeles Bitcoin Connecticut Michigan 100

FICO

APRIL 3, 2019

This article from the State of West Virginia is a perfect example: "More than 17% of Purchase Card transactions lacked sufficient documentation". Procure-to-pay: 3 Ways Analytics Solves Problems. (1) 1) Analytics can provide 100% coverage. You are able to monitor 100% of transactions.

Analytics 45

Analytics West Virginia Virginia System 45

PYMNTS

AUGUST 10, 2016

John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken.

Kansas City 100

Kansas City West Virginia North Carolina Company 100

PYMNTS

SEPTEMBER 30, 2019

Federal Bureau of Investigation (FBI) was deployed to Kenya to investigate the matter after accounts payable department professionals for Fairfax County, Virginia received an email claiming to be from Dell Computers, requesting that the county reroute pending payments to a different, Ohio-based account.

Ohio 142

Ohio Operations Virginia Report 142

PYMNTS

AUGUST 5, 2019

As reported on the site, county officials said that the local government had intended to send those funds to a vendor based in Virginia — Branch and Associates, which is a general contractor tied to new school construction. million vendor payments from the Cabarrus County government and that of that tally, $1.7 million remains missing.

North Carolina 108

North Carolina Charlotte Virginia Bitcoin 108

PYMNTS

MARCH 23, 2016

There are two criminal complaints that have been unsealed in Virginia against Peter Romar, Ahmad Umar Agha (known online as “The Pro”) and Firas Dardar (“The Shadow”). Charges levied against Agha and Dardar include setting up hoaxes tied to rumored terrorist attacks and possibly inciting mutiny.

social media 100

social media Virginia United States National 100

CFPB Monitor

MAY 18, 2020

We previously blogged about Virginia’s enactment last month of a law requiring student loan servicers to be licensed by the Virginia State Corporation Commission (“Commission”).

Regulation 78

Regulation Virginia Payments National 78

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. Mozido’s fintech fraud fiasco. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

Jeff For Banks

MARCH 20, 2016

billion in asset Union Bank & Trust in Virginia had $1.1 And for fraud without a time limit. After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. By comparison, over 100 year old and $7.7

Virginia 60

Virginia Risk Management Capital Comparison 60

CFPB Monitor

FEBRUARY 17, 2017

In conjunction with the RFI’s issuance, the CFPB held a field hearing on alternative credit data in Charleston, West Virginia at which Director Cordray gave remarks. (In In a break from its prior practice, the CFPB did not publish advance notice of the field hearing on its website.).

Data 84

Data West Virginia Big Data Lending 84

Independent Banker

OCTOBER 29, 2014

Mary Thorson , a former Federal Reserve managing examiner and compliance consultant, is a financial writer in Virginia. In her remarks, Calvery spoke to the challenge faced by compliance professionals who toil to manage BSA/AML risk. Compliance Corner General Regulation & Compliance'

Compliance 80

Compliance Leadership Resources Virginia 80