Payments Dive

FEBRUARY 12, 2020

In 2018 alone, ACH network volume reached nearly 23 billion payments –70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network. Account validation capabilities have not kept pace.

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Security Payments 210

Chris Skinner

JULY 16, 2019

Officially launched in November 2018, around the same time as the UN’s Principles for Responsible Banking, the taskforce is specifically tasked by the Economic and Security Council (ECOSEC) to look at how the financial system and … The post Financing is critical to our future world appeared first on Chris Skinner's blog.

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Bank Innovation

MARCH 22, 2018

As data security and usage becomes more of a hot topic for businesses in 2018, most financial executives are feeling positively about the cybersecurity at their institutions, a report by IBM Resilient found.

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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.

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Abrigo

OCTOBER 22, 2024

Since we founded the day of recognition in 2018, it’s become an opportunity for the nation to show gratitude for FinCrime fighters’ work in the financial industry. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do.

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PYMNTS

APRIL 10, 2020

Users must also have a valid Social Security number. . The IRS said that the majority of people who filed taxes for 2018 or 2019 will automatically get Economic Impact Payments starting next week. The non-filer tool can be used by U.S. Using the tool does not result in any taxes being owed. .

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PYMNTS

JUNE 24, 2020

At the time, Zopa said it raised £60 million ($67.7 million) from new and existing investors in two funding rounds since applying for the banking license in 2016, and it added several former banking executives to create a board.

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PYMNTS

FEBRUARY 26, 2020

Credit unions (CUs) are performing well as the new decade dawns, with a recent study finding that CUs increased their loan originations by 29 percent from Q4 2018 to Q4 2019. This makes data security of utmost importance to CUs, but even attacks on unrelated third parties can be devastating to CU members. percent in 2016.

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Nevada Security Innovation Data 192

Perficient

APRIL 14, 2022

debt market, the Financial Industry Regulatory Authority (FINRA) developed the Trade Reporting and Compliance Engine (TRACE) in 2002 to facilitate the mandatory reporting of OTC bond transactions in eligible fixed-income securities. Treasury Securities to TRACE. To promote transparency in the large U.S.

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Report Compliance Security Regulation 294

Chris Skinner

DECEMBER 6, 2018

We have all these stats and figures: According to Verizon’s 2018 Breach Investigations report, 92 percent of malware is still delivered by email. Out of the 1,300 IT security decision makers surveyed for cyberark Global Advanced Threat Landscape … The post Is the internet of things our biggest future threat?

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Survey Fraud Security Report 257

PYMNTS

APRIL 22, 2020

trillion Coronavirus Aid, Relief and Economic Security ( CARES ) Act enacted by Congress in late March. This may occur for a variety of reasons, for example, if you didn’t file either a 2018 or 2019 tax return or you recently filed and the return has not been fully processed.”. The assistance was made possible by the $2.2

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PYMNTS

OCTOBER 16, 2020

million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing the financial details of more than 400,000 customers, the U.K.'s British Airways (BA) must pay a $25.8 s Information Commissioner’s Office (ICO) said on Friday (Oct. Although $25.8 s biggest data breaches. Although $25.8

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PYMNTS

MARCH 8, 2020

After Paymium loaned BitSpread 1,000 Bitcoin in 2014, a dispute erupted sometime before 2018. whether courts allow some cryptocurrencies to constitute securities. Securities sales have to be registered with the Securities and Exchange Commission in the U.S. During 2014-18, BitSpread opened an account on Paymium.

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Bitcoin cryptocurrency Security Lending 280

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.

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blockchain Maine Security Data 249

PYMNTS

JANUARY 8, 2021

16, Massachusetts securities regulators filed a complaint against Robinhood alleging that the company aggressively marketed to inexperienced investors and failed to implement controls to protect them, violating state laws and regulations. The FinTech offers a brokerage app that is often favored by inexperienced investors.

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Massachusetts Fintech Millennials Retail 363

PYMNTS

APRIL 9, 2020

The payments are part of the $2 trillion economic stimulus Coronavirus Aid, Relief, and Economic Security ( CARES ) Act, which also includes expanded unemployment coverage and benefits. Most Social Security recipients get their benefits through direct deposit, according to the congressional committee’s announcement.

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Security Taxes Payments Report 255

PYMNTS

SEPTEMBER 17, 2020

Securities and Exchange Commission ( SEC ) filed an “emergency action” against former NS8 Inc. Rogas allegedly changed the company’s bank statements from at least 2018 up to June of this year to indicate millions in client payments. Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations.

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PYMNTS

JUNE 24, 2020

Neil Campling, an analyst at Mirabaud Securities, told CNBC that the transaction was structured in such a way that SoftBank took no financial risk. The Netherlands accounting firm said it was unable to conclude whether revenues booked from three partner processing companies ever existed for 2016, 2017 or 2018, CNBC reported.

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PYMNTS

OCTOBER 11, 2020

Ex- National Security Agency head Michael Rogers shared the assessment prior to appearing at an event FT is hosting. Rogers ran the NSA from 2014 to 2018 and now is a director at a consultancy called CyberCube that works with insurance companies.

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Company National Security System 290

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.

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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.

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Fraud Report Tools Security 261

PYMNTS

MAY 8, 2020

Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology. Samsung Pay has increasingly grown in popularity, processing more than one billion transactions , almost double compared to 2018. That number was about 25 percent for U.S.

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Perficient

MAY 27, 2022

We’ll then move to the federal level, seeking regulatory guidance as to whether digital tokens are securities under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) or commodities contracts over which the Commodity Futures Trading Commission (CFTC) has regulatory jurisdiction. State Regulations.

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cryptocurrency Regulation Management Bitcoin 332

PYMNTS

MAY 23, 2019

In Q4 of 2018, mobile Trojans made up 1.85 The attackers spent two years perfecting its distribution scheme and, as a result, the malware peaked in 2018, when it attacked 13,000 users a day. Victor Chebyshev, a security researcher at Kaspersky Lab, said the attacks are becoming more sophisticated by the day. “The

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Mobile Security Examples Report 208

PYMNTS

APRIL 29, 2020

The latter finding is a marked shift from our 2018 study, in which just 27.3 While banks are putting AI to use chiefly in payment services for security-related functions like system security (69.2 The concentration of interest in these three units represents a marked shift from 2018, when the largest share of FIs (50.5

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PYMNTS

APRIL 16, 2020

I know someone who received their $1,200 #StimulusCheck today & also received $1,200 for their deceased spouse who passed in early 2018, which was clearly indicated deceased on their 2018 tax return,” another person tweeted. . trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress in late March. “We

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PYMNTS

AUGUST 14, 2020

Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. In a 2018 fundraising round, the firm was valued at $150 billion. Ant started talks with banks to bring back plans for an IPO in January.

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Groups Security Report Regulation 262

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

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Digital Banking Security Innovation Google 262

PYMNTS

APRIL 2, 2020

The Business Securitisation Fund was announced in late 2018 as a way to support small and medium-sized businesses (SMBs). 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.

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PYMNTS

OCTOBER 27, 2020

The acquisition builds on a strategic partnership and investment made in 2018, where Visa invested in the company back then. Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release.

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America Innovation Strategy Regional 297

PYMNTS

JUNE 26, 2020

Sources told the Times that between 2016 and 2018 EY did not check with Singapore’s Oversea-Chinese Banking Corp. A senior auditor at another firm told the Times securing independent confirmation of bank balances was the first thing students learn at audit school.

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Fraud Report Security Company 290

PYMNTS

APRIL 16, 2019

In the April Intelligence of Things Tracker , PYMNTS explores the latest security efforts from providers to crack down on fraud, and the emerging use cases where IoT tech can be applied — if consumers are willing to give it a chance. While security concerns remain, the IoT market is continuing to expand.

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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.

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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. JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.-based

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blockchain System Payments cryptocurrency 287

PYMNTS

NOVEMBER 3, 2020

In the March Digital Fraud Tracker, PYMNTS explores how artificial intelligence and machine learning could help stem the surge in security breaches. Hacks have skyrocketed 67 percent since 2014 and 11 percent since 2018, data shows.

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Virginia United States Fraud Course 260

Bank Innovation

AUGUST 10, 2018

A July 2018 study conducted by Proofpoint, a Sunnyvale, Calif.-based The sophistication of cyber attacks on financial services continues to evolve, yet instances of long-established tactics like email phishing and malware attacks persist. based cybersecurity software company, found that email is the “most frequent source of advanced attacks.”

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PYMNTS

NOVEMBER 25, 2018

Still, shares are off more than 65 percent since the start of 2018. For the first three quarters of 2018, it lost around $39 million. Overstock has a net loss of $163 million for the first three quarters of 2018, reported CNBC. “I security tokens). The unit has been burning cash since launching in 2014, noted CNBC.

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blockchain Retail cryptocurrency Report 202