PYMNTS

AUGUST 17, 2020

When it comes to fraud threats, no company — large or small — is immune. The Federal Trade Commission recently filed a complaint against Yellowstone Capital, Fundry and their officers, alleging the merchant cash advance companies had been withdrawing funds from small business bank accounts.

Fraud 237

Fraud Trends Report Security 237

PYMNTS

FEBRUARY 23, 2020

Reginald Fowler, “an alleged operator behind payment processor Crypto Capital , was charged with wire fraud” on Friday (Feb. This is in addition to charges of bank fraud, an unlicensed money transfer operation and conspiracy. Fraud has become a concern with cryptocurrency around the world.

Operations 151

Operations Fraud Capital Marketing 151

PYMNTS

APRIL 8, 2019

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Fraud is becoming an increasingly more common problem in the eCommerce sector, and is estimated to cost merchants about $130 billion over the next five years. “At

Fraud 181

Fraud Samsung Capital Online 181

Abrigo

NOVEMBER 17, 2023

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.

Fraud 195

Fraud Training Trends Compliance 195

Perficient

AUGUST 23, 2021

Internally, data creates the foundation for increased analytic application of fraud detection, at-risk customer behavior, and improved cross-functional process management. Perficient predicts that AI / ML will influence 30% of customer interactions within the next year.

Data 508

Data Analytics Trends Fraud 508

PYMNTS

DECEMBER 18, 2020

Cybercriminals have been homing in on eCommerce retailers that are seeking to capitalize on the rise of online shopping this season, as they believe that “they will be more likely to get through unabated,” the company said. Digital fraud is a longstanding issue for retailers and banks. The pandemic has only made these issues worse.

Report 333

Report Fraud Strategy Retail 333

PYMNTS

OCTOBER 22, 2020

s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem. will ultimately make it over the finish line because, bumps aside, it’s effective and reduces digital sales fraud. They’re in a better position to mitigate the fraud.

Fraud 221

Fraud Online Security Cards 221

Bank Innovation

SEPTEMBER 7, 2017

EXCLUSIVE—Cloud infrastructure and data analytics are becoming more and more integral to financial services, and Capital One is one bank ahead of the curve. “We We are a very data-driven company, we want to bring the bank to the customer,” Linda Apsley, vice president of data engineering at Capital One, said of the bank’s use of […].

Capital 207

Capital Innovation Analytics Data 207

PYMNTS

AUGUST 21, 2020

“It’s possible that the economic tumult may have prompted some capital flight from China, though much of the Tether movement could have been East Asia-based cryptocurrency traders moving their holdings to international exchanges in order to trade at a time when cryptocurrency price volatility was high,” Chainalysis wrote.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

JANUARY 21, 2021

Melissa Townsley-Solis, head of GIACT , discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Fraud was red-hot in 2020. It’s time to fight back.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

NOVEMBER 18, 2020

It can also serve as a powerful tool in restaurants’ fight against fraud, which is becoming an increasingly prevalent issue as bad actors target the flood of customers using digital channels during the COVID-19 pandemic. Payment protection platform Verifi has partnered with digital fraud protection firm Kount Inc.

Boston 186

Boston Fraud Marketing Mobile 186

Perficient

MARCH 17, 2025

AI-powered chatbots can handle routine inquiries, freeing human agents for complex issues, while AI-driven algorithms enhance fraud detection and risk management. Recommended Approach: To capitalize on the rise of embedded finance , financial institutions should focus on several key strategies.

Trends 221

Trends Analytics Compliance Strategy 221

PYMNTS

FEBRUARY 27, 2020

Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 billion , and phishing attacks now comprise 30 percent of all fraud attempts. billion to $7.2 million USD).

Fraud 150

Fraud Examples Online Data 150

PYMNTS

DECEMBER 28, 2020

The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. We see institutional capital come into the crypto space with the expectation of banking integrations to complement crypto credit offerings,” CEO Darshan Bathija said in a statement, according to CoinDesk. “We In other news, the U.S.

Capital 175

Capital Security cryptocurrency Fraud 175

PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

Fraud 158

Fraud System Data Tools 158

PYMNTS

NOVEMBER 17, 2020

Panelists included Schalk Nolte , CEO of Entersekt ; Jen Martin , head of Fraud Operations at KeyBank ; and Karen Boyer, Fraud Intelligence Director, Financial Crimes at People’s United Bank. As KeyBank’s Martin stated, “What we know about bad actors is they’re always eager to capitalize on new opportunities.

Fraud 195

Fraud Mobile social media Security 195

PYMNTS

APRIL 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” The company’s technology tracks user behavior to determine fraud.

Fraud 164

Fraud Company Security Comparison 164

PYMNTS

MAY 31, 2019

’s Metro Bank on behalf of investors concerned that the institution committed securities fraud. According to Pomerantz, the probe “concerns whether Metro Bank, and [certain officers] and/or directors, have engaged in securities fraud or other unlawful business practices.” “It is commonplace in the U.S.

Metro 162

Metro Fraud New York Security 162

PYMNTS

JUNE 12, 2020

This week’s B2B Venture Capital roundup reflects those changing needs, with B2B fraud mitigation efforts for online businesses emerging as the funding leader. As more organizations migrate to an online business model, their needs from FinTechs and other third-party service providers are in flux.

Fraud 142

Fraud Payments Capital Fintech 142

Abrigo

FEBRUARY 5, 2021

You might also like this webinar: "Detecting PPP Fraud: Optimizing Your AML Solution". Takeaway 1 To prevent the kind of fraud that plagued the Paycheck Protection Program in 2020, the SBA has put new measures in place that have created challenges. PPP fraud-prevention challenges arise. Fraud Prevention. New Guidance Out.

Fraud 195

Fraud Lending Taxes Regulation 195

PYMNTS

MAY 12, 2020

In the mad dash to secure Paycheck Protection Program (PPP) funds, small businesses have faced confusion, anxiety and often a lack of clarity as to when they would receive capital – if at all. The process was chaotic for the lenders, too, creating greater potential for fraud amid an unprecedented SMB stimulus effort. Incoming Waves.

Fraud 154

Fraud Regulation Lending Capital 154

PYMNTS

JUNE 14, 2020

The three companies charged are Richmond Capital Group, Ram Capital Funding and Viceroy Capital Funding. Three merchant cash advance companies are facing a lawsuit from New York Attorney General Letitia James over reportedly practicing illicit measures when loaning money to clients, according to a press release.

Company 198

Company Fraud New York Capital 198

PYMNTS

NOVEMBER 20, 2020

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia.

Capital 192

Capital United States Strategy Marketing 192

Abrigo

FEBRUARY 6, 2025

Cannabis-related businesses (CRBs)spanning everything from cultivation to retailrepresent a market in need of lending services, from working capital to real estate and equipment loans. Abrigos new fraud detection software for banks and credit unions finds more fraud faster. Yet, they remain underserved due to the risks involved.

Lending 195

Lending Compliance Community Software 195

Perficient

FEBRUARY 12, 2025

Additionally, AIs capacity for real-time transaction monitoring and fraud prevention will help companies stay ahead of evolving regulatory demands. Advanced analytics and AI integration are becoming essential for improving transaction success rates, fraud detection, and overall business intelligence.

Trends 221

Trends Payments Compliance blockchain 221

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

Fraud 255

Fraud Online Retail Examples 255

Perficient

OCTOBER 12, 2020

Specializing in cloud-based business transformation, Perficient’s new Treasury Technology practice will improve client’s global banking footprints through bank connectivity and address concerns for payment fraud. Payment fraud is now a high-priority concern. Bank connectivity is one of the most complicated aspects of an ERP project.

Risk Management 309

Risk Management Fraud Management Compliance 309

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Serent Capital Invests In Procurement Partners. Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

DECEMBER 21, 2020

The round was led by General Atlantic and WestCap , and existing investors Activant Capital and Tribe Capital also participated. Bolt deals with fraud reduction through detecting mouse pointer locations, typing speed and accuracy, copying and pasting behavior, and other data surrounding browsing, cart and checkout.

San Francisco 245

San Francisco Innovation Fraud Capital 245

Abrigo

SEPTEMBER 25, 2024

However, in most years, E-Tran handles far fewer loans for the following programs: 7(a) Loan Program : Known for its flexibility, 7(a) loans can be used for working capital, equipment purchases, real estate, and more. Those loans also used E-Tran for origination. appeared first on Abrigo.

Lending 379

Lending St. Louis Fraud Software 379

PYMNTS

JULY 17, 2020

Based in Nigeria, B2B eCommerce and supply chain technology startup TradeDepot raised $10 million in a pre-Series B equity round led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative and MSA Capital. TechCrunch reported this week that the company raised $10.2 ’s Ravelin secured $20.6

Fintech 225

Fintech Capital Fraud Cards 225

PYMNTS

NOVEMBER 19, 2020

A key feature is the use of one-time, virtual card numbers to make the payments, one of the benefits of which is protection against fraud, Wells Fargo said in the release. Each card payment is then assigned a virtual number tied to a commercial card account.

Tools 312

Tools Payments Cards Fraud 312

PYMNTS

JUNE 22, 2020

She added that the company is continuing to monitor the account, but it has not detected any increase in fraud for the accounts. Using those more advanced tools, experts say, is more effective at stopping fraud than traditional password entries.

Cards 257

Cards Fraud Course Report 257

PYMNTS

NOVEMBER 24, 2020

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264

Arizona Pennsylvania Capital Washington 264

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Pet Scams Rise As Holiday Buyers, At-Home Workers Seek New Pets. million in consumer losses.

Trends 175

Trends Fraud Millennials Online 175

PYMNTS

MAY 8, 2019

The documents requested by Amazon’s lawyers will reportedly be used to “investigate the fraud, identify and pursue the wrongdoers, locate the whereabouts of misappropriated funds, bring the fraud to an end and deter future wrongdoing,” the court filing said. which provides one-year loans to sellers.

Fraud 248

Fraud Capital Report Data 248

PYMNTS

FEBRUARY 6, 2019

Started in 2017 by the founders of Brazilian payments processor Pagar.me , Brex’s investors include Y Combinator Continuity, Ribbit Capital, Greenoaks, DST Global, Peter Thiel and Max Levchin. In addition, cardholders will receive improved anti-fraud benefits, including purchase protection and ID theft protection.

San Francisco 208

San Francisco Fraud Cards America 208