PYMNTS

JANUARY 22, 2021

Westlake has already sent several million dollars over the RTP network during the pandemic, according to Westlake’s Director of Accounting Operations Raul Alvarez. As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. Contingency Planning.

Security 141

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PYMNTS

SEPTEMBER 6, 2018

In addition, China’s Beijing Inspiry Technology is deploying a mobile payments in Japan , and Volopa has chosen Onfido to help verify applicants’ identities when on-boarding new clients. In other news, China’s Beijing Inspiry Technology Co., Welcome to The Axis, your late look at payments news from around the world.

Technology 108

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PYMNTS

NOVEMBER 3, 2020

11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology. VirnetX, for its part, addressed the “troll” accusation head-on in a company blog post that explained how its technology “made a genuine contribution to U.S. national security.”. "On The original lawsuit , filed Aug.

Apple 226

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Perficient

APRIL 2, 2021

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Credit Decisions. Textual analysis.

Regulation 309

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PYMNTS

MARCH 7, 2019

According to CNBC , the Senate Homeland Security and Governmental Affairs Subcommittee on Investigations is holding the hearing, and has also released a report on how Equifax handled its data security leading up to the data breach that resulted in 143 million people’s credit card data being exposed.

Security 117

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Bank Innovation

APRIL 27, 2018

EXCLUSIVE - Technology services provider Synechron launched a regtech program focused on helping its financial services clients on regulatory compliance issues. The program, which Synechron refers to as its Regtech Accelerator Program, went live yesterday.

Compliance 236

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PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported.

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PYMNTS

JANUARY 7, 2020

Armis specializes in protection for the Internet of Things, which refers to the interconnection with the internet embedded in daily objects allowing them to send and receive data. But downsides like large technological overhauls and security concerns have made it difficult for large companies.

Software 131

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Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. billion in fraud losses in 2022.

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PYMNTS

DECEMBER 7, 2018

Not to ruin your holiday spirit, but let’s start this story with the cold and brutal truth: One of the largest risks that payments and commerce operators face in 2019 is being called to account by government officials, regulators or media about a failure to secure their organizations from cyberattacks. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. which the institution plans to deploy in its corporate payments operation. BitRail doesn’t yet operate in the B2B payments space. “I see folks referring to it as a cryptocurrency.

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PYMNTS

NOVEMBER 10, 2020

Untold sums are lost due to these issues, leading businesses to develop or seek advanced technological solutions to fix them. Some of the most promising offerings leverage artificial intelligence (AI), machine learning (ML) or other advanced technologies that can reduce capital management complications and address those that arise.

Capital 218

Capital Management System Examples 218

PYMNTS

JUNE 18, 2018

Walmart has been awarded three patents for blockchain-backed technology, according to a report Monday (June 18) in Cryptovest. One of the patents covers a system that would let households manage their electricity bills through cryptocurrency, and would be operated with a public blockchain.

blockchain 141

blockchain cryptocurrency System Data 141

PYMNTS

AUGUST 18, 2016

EMVCo announced a new streamlined approach to approving contactless mobile payment-enabled devices that operate with EMV Level 1 approved payment acceptance terminals. The streamlined process for EMV Contactless Mobile Payment Type Approval will cover SE and HCE technologies.

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PYMNTS

MARCH 22, 2019

Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 To that end, Netherlands startup Finturi earlier this month said it had secured $2.2

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PYMNTS

DECEMBER 26, 2019

The term was coined by Chinese eCommerce giant Alibaba , and it refers to the broad umbrella of changes in retail as companies continue to adapt to the new world. The company is planning to completely exit retail to become a technology and industrial firm, focusing more on smart technology and new types of cars.

Retail 130

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Abrigo

JUNE 2, 2017

As data becomes a more integral part of analysis in today’s technologically savvy world, it becomes clear technology’s influence on client acquisition will only become progressively more important. Former CPA wasn’t using state-of-the-art technology 4.2 Former CPA had poor responsiveness 6.2

How To 150

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PYMNTS

AUGUST 8, 2019

The watchdog group is investigating why the latest version of the Kaspersky Lab’s parental control app, Safe Kids, was declined by Apple’s operating system, which affected the app’s functionality. Apple said the removed apps used a “highly invasive” technology – Mobile Device Management (MDM) – that violated the App Store policies.

Apple 108

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CFPB Monitor

JUNE 30, 2022

The OCC has long been concerned with operational risks posed to banks from cyber attacks. The SRP now estimates that operational risks to banks remain “elevated” because cyber attacks continue to “evolve” and “become more sophisticated.” Cybersecurity Risks.

Compliance 78

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Perficient

NOVEMBER 11, 2020

Please refer to the below home security bundle screenshot that has nine product options and four features. Whenever sales reps add home security console products to a quote, they’re adding little structure to categorize products within the bundle. Product Pricing.

Tools 322

Tools Security Groups Data 322

Accenture

OCTOBER 14, 2019

Guest blogger Markus Naumer examines how digital payments technology is enhancing credit lending and showing promise in addressing consumer credit-aversion challenges. Delivering such payments-driven propositions to drive top-line growth and efficient operations for credit issuers requires banks and other payments players to, well, innovate.

Payments 150

Payments Lending Examples Innovation 150

CB Insights

OCTOBER 2, 2018

Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are doubling down on data security. Effective data security features are critical to securing this information. However, Facebook and Amazon are not the only Big Tech companies with a need to innovate in data security. The Future of Data Security.

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PYMNTS

JULY 30, 2019

The report, titled “Issuer Declines,” found that 75 percent of issuers surveyed will be ready to comply with the rules, but a smooth operational transition may be a bit tougher. Today, there is limited support of 3D Secure, or 3DS, the latest version of the security protocol, noted the EPA. spanning 13 issuers.

Survey 172

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PYMNTS

DECEMBER 3, 2019

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. operations. Wells Fargo has tapped former Santander head executive Scott Powell to be its new chief operating officer. He will also serve on the bank’s operating committee.

Fintech 132

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PYMNTS

AUGUST 14, 2019

Cooperation in an environment that is rapidly advancing on many technological fronts was the theme when FinCEN Director Kenneth A. When it came to technology, Blanco was specifically interested in – and concerned about – two main areas. The first is the rise of mobile gaming and gambling. “What you do saves lives.”

Compliance 163

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Accenture

SEPTEMBER 22, 2019

An obvious reason is the inroads they’re making into the market, both domestically and globally: recent Accenture research finds that digital-only banks operating in the UK could amass a total of 35 million customers globally within the next 12 months, up from 13 million today. Why the intense interest in the neo-challengers?

Innovation 150

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PYMNTS

APRIL 24, 2019

It may seem like ancient history now — about four years ago, the idea that consumers, merchants, financial institutions (FIs) and payment service providers would rely on the selfie (that much maligned form of self-expression in the smartphone age) for digital security seemed silly. Biometric Shift.

social media 156

social media Security Data Online 156

PYMNTS

NOVEMBER 26, 2019

Those tactics include low-tech and high-tech methodologies, spanning the construction of synthetic identities and the hijacking of devices (sometimes referred to as the creation of “zombies”). For instance, the teams monitoring peer-to-peer (P2P) transactions may not be in conversation with those looking at BillPay or online security.

Fraud 152

Fraud Payments Strategy Security 152

PYMNTS

JULY 24, 2019

In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or financial difficulties may have ripple effects on the economy at large. During questioning by lawmakers, and in reference to scale, Rep. billion for small business lending.

Community 130

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PYMNTS

FEBRUARY 14, 2018

just secured more than $97 million through an initial public offering. The firm is the holding company for an array of FinTech companies operating in supply chain finance, invoice finance and the dynamic discounting market. An alternative lending conglomerate based in the U.K.

Lending 122

Lending Capital Groups Financial Technology 122

PYMNTS

APRIL 14, 2017

The encrypted open source technology that records, stores and transfers information on a public forum in a secure manner to ensure no tampering takes place is truly unique. It’s one of the few technologies that has the potential to transform the way exchanges are made in different forms in today’s digital revolution.

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PYMNTS

AUGUST 5, 2019

Technology can help prevent such fraud, particularly that associated with beneficial ownership of company and using shell companies in support of fraudulent activities. The most rigorous due diligence is done during the onboarding stage,” Cohen said, referring to the creation of new merchant accounts. The good news?

Company 163

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PYMNTS

MAY 18, 2017

But that technology has also handed treasury new tools to become even more effective at giving clarity to an enterprise’s position in its market. What we find is a lot of clients out there have multiple systems to perform these capabilities,” he said, in reference to financial, trading and risk management systems.

Fintech 101

Fintech Risk Management Management Data 101

PYMNTS

OCTOBER 6, 2020

Clover Health , a tech-driven provider of Medicare Advantage insurance plans, plans to go public through a merger with a blank-check company called Social Capital Hedosophia, according to a filing with the Securities and Exchange Commission (SEC) Tuesday (Oct. The transaction, set to close in early 2021, values Clover at about $3.7

Georgia 130

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CB Insights

NOVEMBER 5, 2020

Distributed ledger technology (DLT) — which uses tech like blockchain to verify transactions without the need for a centralized authority — is gaining traction as a way to revamp capital markets infrastructure by making it more streamlined, improving transparency, and reducing associated fees. Submit your application here before November 25.

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PYMNTS

NOVEMBER 11, 2019

Such insights can also help firms improve customers’ experiences and lower operational costs. . These businesses’ strategies are often hamstrung by legacy fraud solutions that rely on data warehouse technology. The former refers to information kept in businesses’ databases that has readily discernible meaning.

Analytics 116

Analytics Data Fraud Tools 116

PYMNTS

MAY 29, 2020

How are CUs utilizing videoconferencing capabilities on interactive teller machines (ITMs) to maintain their branch operations during the pandemic, and how is biometric technology helping them offer more secure, quicker and touchless ATM services? Consumers expect secure and fast access to digital tools.

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