PYMNTS

OCTOBER 15, 2018

A new study is predicting that Internet of Things (IoT) technologies will see a major boost in investment over the next five years, mostly due to projects in inventory and supply chain management. billion by 2023; and fleet management, which should hit $10.4 billion in 2017. The sector is expected to grow at 20.2 billion by 2023.

Management 171

Management Software Study Data 171

PYMNTS

JANUARY 30, 2020

This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities. The solution is.

Security 182

Security Fraud ATM Cards 182

PYMNTS

JUNE 24, 2020

Launched in 2005, Zopa is considered one of the world’s first P2P lenders — and in late 2018, it became the first P2P lender to be granted a conditional banking license by the Financial Conduct Authority (FCA), with plans for its digital bank offering to include a fixed-term savings product, a credit card and a money management app, the report said.

Security 215

Security Capital Cards Report 215

PYMNTS

JUNE 29, 2020

This change has prompted more compliance-related questions from SMBs, however, and ePayments provider Ingenico has crafted an SCA suite that leverages online security protocols to assist firms with following the requirements. Data privacy and security continue to be top priorities for many regulators, too. however, notably SCA.

How To 239

How To Payments Management social media 239

PYMNTS

APRIL 29, 2020

Of the seemingly inexhaustible uses of artificial intelligence (AI) in the financial sector, its applications around managing credit risk and optimizing payment services are among the most promising. The latter finding is a marked shift from our 2018 study, in which just 27.3 Our research shows that 92.9 Decisions, Decisions.

Payments 250

Payments System Management Security 250

Accenture

JULY 19, 2017

The PSD2 regulatory technical standards for strong customer authentication (SCA) and secure communication (SC) are proving difficult to finalize. However, PSD2 is still slated to become law across the EU in January 2018, and PSPs have to be compliant with it by then.

Security 203

Security Online Compliance Fraud 203

PYMNTS

FEBRUARY 17, 2020

billion records last year, calling it “the worst year on record” and noting that the number of records exposed was 284 percent higher than in 2018. The pharmaceutical, healthcare and transportation sectors are among blockchain’s early adopters, and 63 percent of respondents cited security and trust as main reasons for adopting the technology.

blockchain 249

blockchain Maine Security Data 249

PYMNTS

NOVEMBER 23, 2020

For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expense management software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them.

System 165

System Management Tools Cards 165

PYMNTS

JULY 25, 2019

New account fraud has become the most expensive form of identity fraud for businesses and consumers alike,” Kyle Marchini, senior analyst, fraud management at Javelin Strategy & Research, said in an emailed press release. million consumers in 2018. In fact, NAF hit its second highest level ever, affecting 3.2

Fraud 148

Fraud Report Mobile Strategy 148

PYMNTS

MARCH 4, 2020

Companies each made an average of 363 APIs available publicly in 2018, for example. APIs can become major targets for hackers and fraudsters, however, and businesses need to step up their API security in response. Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats. Businesses are flocking to API s.

Fraud 242

Fraud Examples Security Management 242

PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. FIs lost 168 percent more to ATOs in 2018 than they did the prior year, and FIs need to get ahead of such crime. About The Playbook.

Fraud 261

Fraud Report Tools Security 261

PYMNTS

DECEMBER 28, 2020

Securities and Exchange Commission (SEC) filed an emergency asset freeze against Virgil Capital and its affiliated companies after charging the firm and its CEO, Stefan Qin , with fraud related to Virgil Sigma Fund LP, the company’s cryptocurrency trading fund, according to a press release. In other news, the U.S.

Capital 175

Capital Security cryptocurrency Fraud 175

PYMNTS

OCTOBER 21, 2020

Securing P2P apps as well as other financial accounts will require banks to upgrade their security protocols and customers to take their security more seriously,” per the Playbook. The ubiquity of these apps belies serious security concerns,” the Playbook states. It’s a major focus of players in the space. There were 1.4

Fraud 140

Fraud Security Mobile Tools 140

PYMNTS

MAY 18, 2020

The bank is now also working with Singapore-based Keychain, on a project intended to boost security for next-generation payment systems by using enterprise blockchain. billion in fiscal year 2018. JPMorgan Chase recently announced a new product, “Coin and Cleaning Networks,” focusing on new age cash management and payments services.

blockchain 287

blockchain System Payments cryptocurrency 287

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. ” Enhancing Security. One area of development that J.P.

Mobile 211

Mobile Cards Samsung America 211

PYMNTS

NOVEMBER 12, 2020

With BitPay Send, companies can make mass payouts without having to buy, own or manage crypto and their recipients receive payments quicker and at a lower cost,” BitPay CEO Stephen Pair said in the announcement. 12) announcement. AdGate Media is among the first firms to harness BitPay Send, the announcement noted. as of 7:17 p.m.

Bitcoin 277

Bitcoin cryptocurrency Payments Report 277

PYMNTS

JUNE 15, 2020

GTreasury , a treasury management system provider, is working with Goldman Sachs on a new solution to offer easier, more transparent B2B payments both at home and internationally, according to a press release. Terry Beadle , GTreasury’s global head of Corporate Development, said the combination would prove valuable.

Payments 248

Payments Lending Software Branding 248

PYMNTS

APRIL 24, 2020

There is a great deal of economic uncertainty in the world today, as many banking managers and executives are acutely aware. These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. percent in 2018, when PYMNTS conducted a similar study, to 9.3

Payments 251

Payments Fraud Study System 251

PYMNTS

APRIL 2, 2020

Of that sum, $250 million will be invested by the government into the Judo Bank lending warehouse, through the Australian Office of Financial Management’s (AOFM) Australian Business Securitisation Fund. The Business Securitisation Fund was announced in late 2018 as a way to support small and medium-sized businesses (SMBs).

Security 167

Security Lending Fintech Management 167

PYMNTS

APRIL 23, 2020

More banks are therefore moving away from legacy core systems to embrace cloud-native architectures to power automation and meet the speed expected by consumers, securely. The partnerships are part of a larger plan by Lloyds Bank to enhance its online banking offerings, an initiative that began in 2018. The bank has designated $3.7

Digital Banking 262

Digital Banking Security Innovation Google 262

PYMNTS

MAY 27, 2020

Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Keeping channels secure and convenient requires FIs to be able to detect and thwart fraud, without accidentally sweeping up legitimate customers. Otherwise, the fraud could continue unnoticed.

Fraud 245

Fraud How To Strategy Analysis 245

PYMNTS

JANUARY 17, 2020

Take the issue of retail security as one example. As that happens, retail operators — including some of the biggest and most famous — are turning to AI and putting more faith in the technology to help secure the future. Reducing network demands, the technology works even if cloud connection is lost.

Retail 149

Retail Security Fraud Illinois 149

PYMNTS

MAY 1, 2020

have passed laws or implemented programs over the past two years to put more focus on digital banking and data security, fundamentally changing how online transactions work. The EU’s PSD2 and GDPR regulations were passed in 2018 and designed with a primary focus on interoperability between open banking systems around the world.

Innovation 245

Innovation Regulation Digital Banking Security 245

PYMNTS

JANUARY 27, 2020

percent increase from 2018. Businesses need employees to build and promote their products, but they cannot afford to have those workers weaken their security, meaning fraud prevention must be among firms’ top priorities. Ensuring Secure Workplace Practices. million in 2019 — a 1.5 Fighting the Phishers.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

NOVEMBER 16, 2020

FinTech with a focus on small businesses secures a restricted banking license. Ordway , which works in billing and revenue automation for scaling companies, will offer SMBs multi-entity billing and revenue management support, according to a press release. Fiskl, Samsung Appstack Team On Finance Management For SMBs.

Security 141

Security Samsung Resources Management 141

Perficient

OCTOBER 30, 2024

In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC.

Regulation 221

Regulation FDIC Compliance Innovation 221

PYMNTS

DECEMBER 8, 2020

American Honda has worked with Modal, formerly Drive Motors, since late 2018 to create branded online buying tools for Honda and Acura. It's designed with the buyer in mind," said Luke Moore, digital experience manager at Bob Moore Automotive Group, the largest automotive group in Oklahoma.

Oklahoma 253

Oklahoma Branding Tools Online 253

PYMNTS

JULY 5, 2020

In 2018, SoftBank ’s Vision Fund and Alibaba Group Holding Ltd., We see our mission, to make it easy to do business anywhere, reflected in Tokopedia’s journey,” said Finance Manager Kenny Ho at Alibaba at the time. the Chinese multinational technology company specializing in eCommerce, retail, Internet, and technology, led a $1.1

Google 264

Google Regional Retail Groups 264

PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

Analytics 141

Analytics Data Security San Diego 141

PYMNTS

JULY 10, 2020

In a filing with the Securities and Exchange Commission (SEC), the startup reported it plans to raise as much as $253.5 percent of total revenues) in fiscal 2018, representing a 64.7 The company recorded net losses in fiscal 2018, 2019 and 2020 of $18.6 The Wilmington, North Carolina-based company nCino Inc., million, or 74.7

North Carolina 197

North Carolina Software Compliance Security 197

PYMNTS

MARCH 29, 2019

Powered by blockchain-enabled solution, the Ripple platform ensures cross-border transactions much safer and secured. ”. Also in India, in May of 2018, Infosys formed a blockchain with seven banks, and it is known as the India Trade Connect. A central bank has to be on top to create regulations.

blockchain 241

blockchain Payments cryptocurrency Regulation 241

PYMNTS

AUGUST 25, 2019

The Colorado-based online ID management company Ping Identity is going public and is trying to raise up to $100 million in an IPO on the Nasdaq exchange under the ticker “Ping,” reports said on Friday (Aug. The demand for improved security and authentication is growing in part due to the rise in hackers, the article said.

Colorado 158

Colorado Survey Security Data 158

PYMNTS

DECEMBER 2, 2020

The funding round was led by new investor Coatue Management, a slew of celebrity backers and Big Tech executives. Founded in 2018 and launched in October, the all-in-one banking app has a half-million users and is geared toward teenagers and young adults to help them gain financial independence.

Fintech 217

Fintech FDIC Management Resources 217

PYMNTS

JULY 3, 2020

s Open Banking Implementation Entity has a similar directive, but goes a step further by implementing a rule set regarding API security, messaging and dispute management processing in hopes of making every API in the country meet the same standards. Banks in the U.S.

Payments 278

Payments Data Regional Software 278

PYMNTS

AUGUST 19, 2019

To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The office published the application last week and lists a senior tech manager at the bank, Manu Kurian, as the inventor.

North Carolina 193

North Carolina America ATM United States 193

PYMNTS

NOVEMBER 5, 2020

ET), reported CoinDesk , its highest level since January of 2018, and continued to rise throughout the day, hitting $15,237.78 In other news, ten Spain-based tech and finance companies are developing a self-managed digital identity using blockchain and have completed the concept test phase, according to a Santander press release.

Bitcoin 214

Bitcoin blockchain cryptocurrency Management 214

PYMNTS

AUGUST 3, 2020

Migrant workers are among the hardest hit groups, with many facing scant job security and limited access to social assistances,” ADB economists James Villafuerte and Aiko Kikkawa Takenaka wrote in a blog posted on the Philippines-based organization’s website. billion this year, according to Asian Development Bank (ADB) economists.

Regional 254

Regional Policies Payments Groups 254