PYMNTS

SEPTEMBER 15, 2020

The world needs a FinTech operating system.”. He also cited “banks’ aversion to taking on risk and fraud” in a proactive manner that leads them to create and promote new card offerings. The world doesn’t need another bank,” Poovala told Webster. If you give your card, you can forget about it.”.

System 258

System Operations Fintech Taxes 258

Abrigo

FEBRUARY 6, 2025

Compliance with investment accounting and reporting requirements plays a central role in ensuring operational efficiency and regulatory adherence. Investment accounting compliance not only minimizes operational risks but also reduces regulatory scrutiny. WATCH Investment accounting compliance risks U.S.

Compliance 195

Compliance Technology Operations Risk Management 195

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

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

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

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

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

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

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. New Guidance Out. mail, Craig said.

Fraud 195

Fraud Lending Taxes Regulation 195

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 26, 2019

operations. It’s also struggling with a lack of capital, which prompted the move. In a letter on its webpage, Sinemia said it was ending operations in the U.S. operations,” Sinemia wrote in the letter. Just like any other FinTech company, Sinemia also faces its own challenges of fraud,” the company said at the time.

Operations 122

Operations Fraud Capital Analysis 122

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

PYMNTS

SEPTEMBER 17, 2020

“We are innovating the underlying infrastructure that financial institutions use to make transactions run even faster end-to-end, and at the same time further reducing costs for the community through industry-shared services in the areas of cyber, fraud and compliance," said Javier Pérez-Tasso , SWIFT’s CEO, in a statement. “We

Innovation 348

Innovation Payments Compliance Data 348

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. 504 Loan Program: Primarily used for purchasing fixed assets, the 504 program offers long-term, fixed-rate financing.

Lending 379

Lending St. Louis Fraud Software 379

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. GUUD has significant operations across Asia, and GUUD executives have publicly announced plans to expand in the region.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

MAY 8, 2019

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. Fraud Allegations. Leadership Changes. Here is what happened, at least according to the U.S.

Fraud 135

Fraud Report Indianapolis Leadership 135

Perficient

APRIL 8, 2024

Addressing these deficiencies required a comprehensive approach, leading to the establishment of critical programs like the US Bank Holding Company (BHC) regulatory and comprehensive capital analysis and review (CCAR) program. Supporting the change management team in building a robust governance structure for program PMO activities.

Compliance 221

Compliance Management Guidelines Risk Management 221

PYMNTS

FEBRUARY 24, 2020

These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible. Across The Next-Generation AP Automation Space. Growth encouraged the media company to switch to automated processes.

Software 223

Software Fraud System Management 223

PYMNTS

DECEMBER 28, 2020

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Coast Capital On The Innovations Driving CUs’ Digital-First Future.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

OCTOBER 20, 2017

Backers at Meritech Capital Partners and Lead Edge Capital led the Series D investment round, according to TechCrunch news, while Index Ventures and Workday also participated. This California-based startup has a particular cybersecurity focus: payments fraud. Cybersecurity. Duo Security. Blockchain. Digital Asset.

Capital 109

Capital blockchain Fraud Security 109

PYMNTS

APRIL 16, 2020

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. Bad actors are taking advantage of the chaos and bringing about an upswing in digital fraud. Fighting Fraud.

Fraud 130

Fraud Chicago Resources Mobile 130

PYMNTS

AUGUST 7, 2020

A recent survey revealed that 93 percent of United Kingdom gaming compliance managers anticipate growing numbers of chargebacks and fraud as the pandemic prods consumers to access online services. Gaming platforms were facing increasing instances of fraud before the pandemic began. Fighting Back Against Gaming Fraud .

Online 222

Online System Fraud Video 222

PYMNTS

APRIL 29, 2019

As part of the agreement, the company must pay restitution to shareholders, as well as implement internal controls and cooperate with the investigations of the former executives allegedly involved in the fraud. Celadon reported $856 million in revenue in 2017 in truckload operations, making it the 13th largest operator in the sector.

Fraud 108

Fraud Indianapolis New York Operations 108

PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean also participated in the round.

Analytics 189

Analytics Data Capital San Francisco 189

Abrigo

JUNE 12, 2023

Basic framework Components for states to adopt from the model money transmitter act The MTMA includes several vital components that can form the basis of a model legislation framework for states to adopt: Licensing and registration : Establish a single licensing and registration process for money transmitters operating within a state.

Compliance 195

Compliance Fraud Regulation Guidelines 195

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. Venture Partners, while existing backer Chicago Ventures and newcomer Soma Capital also participated, according to a press release. Arkose Labs.

Cards 181

Cards Fintech Capital California 181

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? From transaction monitoring to detecting unusual activities and facilitating report filing for reviews and audits, regtech solutions for banks can streamline and optimize compliance operations. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

DECEMBER 19, 2019

Yet, each of these strategies to modernization is a double-edged sword, exposing a bank — and, thus, its partners and customers — to a new breed of fraud risks. This is especially true as banks’ customers expect their FIs to bear the burden of fraud protection. In the U.K., for example, cyberattacks cost an estimated $10.74

Fraud 104

Fraud Payments Security Fintech 104

PYMNTS

FEBRUARY 8, 2019

Technology speeds commerce and eases daily life, but also acts as a conduit to payments fraud. To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions.

Metro 169

Metro Fraud Compliance Taxes 169

PYMNTS

FEBRUARY 26, 2020

Successful companies know they must be agile and flexible to meet customers’ ever-changing demands, forge valuable long-term supplier relationships and operate smoothly. Bringing AP automation to ERP offerings enhances working capital management, reduces operational costs and improves productivity.

Software 209

Software Fraud Resources Tools 209

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

Fraud 117

Fraud Data Management Analytics 117

PYMNTS

JANUARY 20, 2021

Corporate finance teams were not simply tasked with finding ways to continue operations in a remote work environment as a result of the coronavirus crisis. While every organization is different, many business leaders came to realize some common pitfalls in their legacy operations that came to light in the midst of the pandemic.

Data 314

Data Strategy System Operations 314

Abrigo

AUGUST 30, 2024

Prepare now for potential changes to FHLBs Capital rules and membership criteria are among the areas where banks could see changes in how the Federal Home Loan Bank system operates. See resources Takeaway 1 The FHLB system faces potential changes in its structure, operations, and mission that could affect financial institutions.

San Francisco 195

San Francisco Risk Management New York Capital 195

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.

Security 189

Security Capital Software Analytics 189

PYMNTS

DECEMBER 8, 2020

Jumio said the offering can reduce operational costs by as much as 90 percent, eliminate in-person visits and paper costs, and simplify archival processes. The company said its technology prevented one fraud attempt every 51 seconds during the month, totaling 22,000 thwarted attacks.

Video 211

Video Report Meeting United States 211

South State Correspondent

NOVEMBER 20, 2024

We use different know-your-customer, identity and fraud workflow with different products instead of taking the time to create one process and then using across all account opening, beneficiary authorization, and payments approval workflow. Keeping the status quo is always easy. Banking needs to do less, not more. We need one good one.

Strategy 195

Strategy Resources System Management 195