Payments Dive

AUGUST 3, 2018

Host, Will Hernandez, discusses mobile fraud, how to combat it, and the recent trends to look out for, with Kount's VP of Marketing, Don Bush. Will also chats with Bradley Cooper, editor of Digital Signage Today and Blockchain Tech News, about the future of blockchain.

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PYMNTS

APRIL 27, 2020

Cagney said that, for this reason, the stage may be set for an overhaul of the government’s payments status quo, quickened by innovation, and, particularly, by blockchain. That’s a nightmare waiting to happen with the amount of fraud that could occur there.”. It’s a heavy lift, but one that must be addressed sooner rather than later.

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PYMNTS

OCTOBER 5, 2016

Blockchain technology has allowed businesses to eliminate unnecessary, not to mention costly, intermediaries and significantly reduce international cross-border payment processing time from weeks to a day. With these benefits in mind, blockchain has recently captured the attention of several players from around the faster payments space.

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PYMNTS

JULY 1, 2019

Blockchain has caught the attention of several FIs, especially for B2B and cross-border payments, even if there’s not yet consensus on how to best deploy it in real-world situations. Canadian payments network Interac has experimented with blockchain for consumer payments. We are now in the trough of disillusionment.”.

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PYMNTS

OCTOBER 17, 2018

Business services conglomerate Accenture is expanding its blockchain solution offerings with the development of a procurement platform launched in Thailand. Accenture integrated its blockchain architecture into R3 ‘s Corda open-source blockchain platform to create the tool, the company said. ” .

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Payments Dive

AUGUST 3, 2018

Host Will Hernandez, discusses mobile fraud, how to combat it, and the recent trends to look out for, with Kount's vice president of marketing, Don Bush. Will also chats with Bradley Cooper, editor of Digital Signage Today and Blockchain Tech News, about the future of blockchain.

Trends 150

Trends Fraud Mobile Marketing 150

PYMNTS

APRIL 9, 2020

But the greedy “sport” of stealing people’s money – in this case, through a blockchain scam – still has crooks going for the gold. The Chinese Olympic Committee announced that it has received numerous warnings about illegal marketing related to the planned 2021 Tokyo Olympics. They then claim to be using blockchain technology.

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Perficient

FEBRUARY 22, 2023

AI is increasingly being used to automate a variety of tasks in financial services institutions, including customer service, fraud detection, and loan applications. Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit.

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Perficient

FEBRUARY 27, 2025

The rise of digital banking, cryptocurrency, blockchain, and AI adoption across banking operations will prompt regulatory bodies to implement clearer frameworks and guidelines to ensure stability and consumer protection. Banks must be prepared to respond to economic fluctuations, market changes, and unexpected events.

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PYMNTS

OCTOBER 19, 2018

Even the mightiest of tech firms are not immune to invoice fraud. Engadget reported that Jeff Tran, Microsoft ’s former director of sports marketing and alliances, was charged with five counts of wire fraud. Wire fraud has a sentence of up to 20 years’ imprisonment. Fraud On The Rise. Payments Fraud No Cakewalk.

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PYMNTS

APRIL 4, 2018

MonetaGo is rolling out India’s first blockchain network, a solution aimed at addressing the risk of fraud in the trade finance market. According to MonetaGo Chief Executive Jesse Chenard, between 1 and 2 percent of invoice financing around the globe is subject to fraud.

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PYMNTS

OCTOBER 31, 2018

HSBC, Standard Chartered and 10 other banks launched a new blockchain -based trade finance program in Hong Kong on Wednesday (Oct. Reuters noted that trade finance transactions were worth more than $9 trillion last year, but it is a market that relies heavily on paper, using processes and procedures that are decades, if not centuries, old.

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PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. He added that it will become the first government agency run on a blockchain-based system and artificial intelligence.

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PYMNTS

NOVEMBER 19, 2018

The World Blockchain Trade Consortium (WBTC) officially launched this week in Singapore with the aim to utilize blockchain technology to lower costs, reduce risk and increase funding to SMEs. Whilst we were talking to them about Invoice Check, they were asking about a lot of different use case scenarios for blockchain applications.

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PYMNTS

JANUARY 24, 2020

Merchants have to participate in eCommerce if they want to maintain relevancy in today’s economy, but their engagement in online transactions also exposes them to new forms of fraud. And in digital fraud, phishing poses a unique threat to businesses. All this, Today in Data.

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PYMNTS

AUGUST 9, 2020

South Korean highways could see blockchain-based toll booths before the end of the year, according to a report from Crypto News. KEB Hana Bank , one of the largest banks in the country, is going to work with the Korea Expressway Corporation on blockchain-based services.

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PYMNTS

NOVEMBER 13, 2018

startup in the blockchain field called Axoni , Cryptovest reported. HSBC Global Banking and Markets, Americas COO Matthew J. Flanigan said in a press release , “distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets. HSBC , the U.K. bank, is backing a U.S. ”

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PYMNTS

DECEMBER 11, 2018

BitPay has announced that OneGold, a marketplace that combines the benefits of gold and silver with blockchain-based digital assets, is now accepting bitcoin and bitcoin cash. In a Request for Information (RFI), the CFTC wants details about the technology, opportunities, risks, mechanics, uses, and markets, related ethereum.

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PYMNTS

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Meanwhile, regulators in other markets are keeping their prime focus on security as payments get smarter and faster.

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Chris Skinner

JUNE 11, 2018

Things we’re reading today include … Indian billionaire ‘on the run over a alleged bank fraud’ seeks asylum in Britain Bank of Chile trading down after hackers rob millions in cyberattack Blockchain Cannot Yet Support Financial Market Infrastructure Fintech threatens to eclipse banks that do not adapt digitally HSBC’s (..)

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PYMNTS

AUGUST 23, 2019

Blockchain firm Pundi X has announced that Venezuela’s largest chain of department stores will implement the XPOS, the blockchain-powered point-of-sale device, across its 49 stores around the country. So far the XPOS has been shipped to over 30 countries, with plans to send out 100,000 devices to the global retail market by 2021.

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PYMNTS

MARCH 22, 2019

USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. Blockchain applications like smart contracts can help transactions to be completed faster and more efficiently.

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PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. government isn’t the only jurisdiction going hot and cold on blockchain.

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PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. The partnership will utilize SGX's multi-asset experience and strengths in working with operating market infrastructure, along with Temasek's work in blockchain and ecosystem connectivity.

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PYMNTS

JUNE 15, 2018

Payments firm Wirecard is expanding its presence in the B2B payments market, and is deploying blockchain technology in the process. An announcement on the company’s website on Thursday (June 14) said Wirecard is expanding its B2B services, using blockchain to connect merchants with producers.

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PYMNTS

MAY 8, 2019

Facebook is shoring up its secretive blockchain team with hires from PayPal, according to a report by Bloomberg , and the company might be planning to release its own type of cryptocurrency, which could be announced as soon as the next quarter. Tomer Barel, who spent almost 10 years watching risk and fraud for PayPal, was also hired.

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PYMNTS

JANUARY 6, 2019

The China Banking Association (CBA) has announced the launch of a blockchain-based platform for trade finance. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”. and European markets. Local FinTech firms such as PeerSafe will be supplying technical support.

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PYMNTS

JUNE 13, 2017

Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. We anticipate that Cheque Chain will dramatically reduce cheque frauds in this market, helping us provide our customers greater peace of mind and security.”. “We

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PYMNTS

JUNE 29, 2020

CertiK , an auditing firm, wants to bring Internet of Things (IoT) devices onto blockchain through its new partnership with Hdac , CoinDesk reports. Hdac’s blockchain platform will work to combine the tight authentication, seamless mapping and machine-to-machine transactions with a network containing IoT devices.

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PYMNTS

MAY 22, 2020

It will also “prevent abusive practices in the market, where severe fines are stipulated for anyone who violates the provisions of the law,” according to Denaj, Cointelgraph reported. The bill, introduced by Albanian Minister of Finance and Economy Anila Denaj , will monitor digital tokens and DLT.

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PYMNTS

MARCH 11, 2020

FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. A consortium of UAE banks is developing a blockchain-based platform over which they could share information about authenticated customers. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide.

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PYMNTS

FEBRUARY 27, 2019

JPMorgan Chase , aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. It is used mainly for international and securities transactions related to blockchain, but could be used by consumers in the future, as CEO Jamie Dimon told CNBC during the investor meeting.

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PYMNTS

OCTOBER 27, 2020

Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. 27) afternoon Eastern Time. The price of bitcoin was $13,750.90

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PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

JANUARY 10, 2018

Enterprise blockchain company Money By Design is planning an initial coin offering (ICO) and hopes to secure more than $350 million through the deal. Money By Design has launched a project called the Smart Tokenization Blockchain, which uses blockchain to produce and manage tokens. 9) that it will be managing the ICO.

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PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. Today, only 8 percent of them remain active. “The Mastercard. 9 with the U.S.

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PYMNTS

MAY 2, 2018

MOBI , the Mobility Open Blockchain Initiative, debuted on Wednesday (May 2) to explore blockchain for use in transportation. The group said it is actively working with companies that represent more than 70 percent of global vehicle productions when looked at it from a market share perspective.

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