PYMNTS

JUNE 26, 2020

Mastercard and Visa are considering ending their agreements with Wirecard to process payments on their networks as the German financial technology company’s accounting scandal unravels, Bloomberg reported. In 2016, Wirecard announced its partnership with Visa Europe Collab to provide its technology and banking solutions.

Risk Management 254

Risk Management Fraud System Report 254

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Core: Core-n Mazes and Hayrides FIS acquired embedded finance provider Bond Financial Technologies and announced plans to spin off merchant solutions (to be named Worldpay ). Stripe raised Series I financing.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Keeping An Eye On Fraud.

Bitcoin 258

Bitcoin cryptocurrency Course Boston 258

The Paypers

SEPTEMBER 16, 2024

Galileo Financial Technologies has launched GIVE and the Transaction Risk GScore providing fintechs, banks, and businesses with solutions to combat fraud.

Fraud 68

Fraud Financial Technology Fintech Technology 68

Bank Innovation

APRIL 8, 2019

Riskified, an Israeli startup that provides anti-fraud services for online transactions, is seeking to raise as much as $200 million, according to people familiar with the company’s plans.

Fraud 150

Fraud Financial Technology Online Technology 150

PYMNTS

JUNE 12, 2017

Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

Fintech 150

Fintech Survey Cards Payments 150

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

JULY 17, 2020

As the one-time darling of Europe’s financial technology (FinTech) community faces insolvency with the debt of nearly $4 billion, some lenders said there are few buyers willing to pay cents or euros on the debt. Once a $28 billion FinTech leader, Wirecard has reported debt of nearly $4 billion after it revealed that $2.1

Fraud 150

Fraud Community Groups Regulation 150

PYMNTS

JANUARY 17, 2020

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. Attempted Check Fraud Spiked 43 Pct. Check fraud has spiked from $8.5 billion in 2018 and makes up 60 percent of all attempted fraud against U.S. In Two Years.

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

AUGUST 12, 2019

Simply put, that means consumers’ retail experiences tend to inform their expectations for financial services, said Jim Johnson, executive vice president of FI payments and wealth for FIS , in a new PYMNTS interview with Karen Webster. In this evolving world of payments, FinTechs must play a vital role, Johnson noted. Recent Progress.

Payments 188

Payments Fintech US Innovation 188

PYMNTS

OCTOBER 4, 2019

That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. Recent Trends.

Payments 176

Payments Cards Trends Fintech 176

PYMNTS

JANUARY 26, 2017

Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. The firm released its 2017 Payments Outlook report last week and made some conclusions that B2B FinTech players may find disappointing.

Innovation 100

Innovation Payments Regulation Fraud 100

PYMNTS

AUGUST 9, 2018

Bank is reportedly looking to sell Elan, its card processing business, reported Fintech Futures. Finastra, FIS and Fiserv declined to comment when contacted by Fintech Futures, while U.S. According to the report, Finastra, FIS and Fiserv are in the running to acquire the unit from U.S.

US 113

US Payments ATM Fraud 113

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

JANUARY 27, 2021

Innovation in financial technology means that we are now able to deliver products and services that are as credible, robust and secure as banks, but free of legacy issues, while being more obtainable, affordable and better suited to the small- to mid-sized business sector,” said Tat Capital Founding Director Ram Gorlamandala in a statement.

Cards 237

Cards Capital Security Compliance 237

PYMNTS

OCTOBER 22, 2020

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

Technology 134

Technology Comparison Security Customer Experience 134

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept. That means supporting access to the system for financial institutions of all sizes along with other licensed financial service providers, as well as prioritizing fraud mitigation and security to keep costs low.

Payments 174

Payments Kansas City Community Bank Community 174

PYMNTS

JUNE 29, 2020

“We cannot lift the restrictions without reassuring ourselves that the firm has been able to satisfy all our concerns, for example that all clients’ money is safe,” the Financial Conduct Authority (FCA) said in a statement. “We We hope to be able to issue an update soon.”. authorities.

Taxes 223

Taxes Report Financial Technology Examples 223

Insights on Business

JUNE 18, 2018

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple. IBM keynote.

Conference 70

Conference Fintech blockchain Compliance 70

Insights on Business

OCTOBER 16, 2018

The IBM team will present on a variety of topics ranging from AI to the future of payments to the current trends in financial services. Learn how leading banks, credit unions and financial services firms leverage AI and cognitive to transform experiences that scale to millions of customers. How to create fintech apps in the IBM Cloud?

Fraud 117

Fraud Customer Experience Analytics blockchain 117

PYMNTS

JULY 10, 2020

Speaking with PYMNTS, Muller highlighted the opportunity that the cannabis space has to adopt payments and other financial technologies that have leapfrogged over legacy solutions. Muller explained that the technology augments existing rails like eCheck and ACH to enhance data capture and transmission to complete a transaction.

Innovation 210

Innovation Payments Tools Compliance 210

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. So, there is a balance that needs to be struck.”.

Payments 172

Payments Fraud Security Technology 172

CFPB Monitor

JULY 25, 2019

Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services , detailed in a recent interview that she will prioritize fintech and consumer protection. These changes indicate that NYDFS will compete with the FTC and the CFPB to be the leading regulator in the fintech space.

Innovation 60

Innovation Fintech New York Policies 60

FICO

JULY 9, 2021

In general, the latest software solutions are expensive and in many cases beyond the reach of organizations of this size, which is where a technology partner can help. To find out more about how PrescreenCentral can benefit both FinTech partners and financial institutions alike, read the new executive brief.

Financial Technology 52

Financial Technology Technology Software Analytics 52

PYMNTS

AUGUST 28, 2019

Financial technology has made enormous strides in recent years, though it has been largely used only by institutions that can afford it. Large banks and FinTech providers are often first on the scene as they have the capital and resources to implement these innovations. Securing Their Customers From Fraud.

Analytics 115

Analytics San Diego Data Fraud 115

Let's Talk Payments

JUNE 21, 2016

Plaid, a financial technology platform, raised $44 million in the Series B funding round led by. Among the overwhelming number of news one encounters every Monday, one caught our attention.

Data 75

Data Fintech Financial Technology Technology 75

PYMNTS

JUNE 20, 2016

San Francisco-based Plaid was founded in 2012 with the vision of making the world a better place for FinTech firms by providing easy infrastructure to connect FinTech innovators with their clients’ bank accounts. What would you say was the biggest hurdle you had to overcome prior to Plaid’s April 2015 launch?

Technology 101

Technology San Francisco Fintech Financial Technology 101

PYMNTS

OCTOBER 28, 2020

It is also why CO-OP is purposefully investing in its ecosystem of products and financial technology services that will help CUs close some of those digital and payments gaps he spoke of. Dragt said fraud alerts and card controls can help, as they put lots of power into members’ hands. Creating A More Confident CU Member.

Payments 151

Payments Fraud Innovation Tools 151

PYMNTS

AUGUST 27, 2019

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal. How California Coast Credit Union is Transforming in the Digital Age.

Data 122

Data Report Los Angeles California 122

William Mills

AUGUST 9, 2016

William Mills Agency, the largest independent public relations and content marketing firm specializing in the financial industry, is pleased to announce today that it will provide PR services, trade show support and social media services for Tennessee-based, ACH Alert.

Fraud 40

Fraud Company Tennessee social media 40

PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. Consumer engagement and enablement begins with trust, and trust often begins with KYC.

Innovation 100

Innovation Technology Regulation Fraud 100

PYMNTS

JANUARY 15, 2021

Now that financial technology is available to businesses, chief financial officers (CFOs) have more options in their toolkits to take action. At the same time, noted Fitzmaurice, the pandemic offered the opportunity for finance leaders to take action on concepts they had been considering for years. The Platform Approach.

Payments 183

Payments Data Tools System 183

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release.

Innovation 124

Innovation US Metro Washington 124

CFPB Monitor

FEBRUARY 13, 2017

Fintech forum. In June 2016, the FTC launched a series of forums exploring emerging financial technology and its implications for consumers. Report on fraud in African American and Latino communities. Changing demographics workshop.

Report 68

Report Big Data Lending Survey 68

Celent Banking

FEBRUARY 28, 2017

Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. With consumer expectations growing for real-time transactions and unified information across channels, banks are layering new capabilities onto legacy frameworks.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. With consumer expectations growing for real-time transactions and unified information across channels, banks are layering new capabilities onto legacy frameworks.

Innovation 100

Innovation Lending Boston Trends 100

Insights on Business

SEPTEMBER 21, 2018

As a leader in the financial services industry and at the forefront of payments, mobile, commerce and financial technology, IBM will convene a terrific team of financial services experts and partners for a variety of activities at this year’s Money20/20 conference. The Future of Payment Fraud Prevention.

Conference 115

Conference Customer Experience Industry Trends 115