PYMNTS

AUGUST 7, 2020

District Court for the Southern District of Florida with wire and bank fraud and conspiracy for seeking $24 million in forgivable PPP loans. They were charged with conspiracy to commit bank and wire fraud, bank fraud, wire fraud, false statements to a financial institution and money laundering.

Fraud 276

Fraud Florida Georgia Cleveland 276

PYMNTS

JUNE 29, 2020

In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.

Fraud 327

Fraud Risk Management Report Management 327

PYMNTS

AUGUST 27, 2020

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. If any of them match up with the game's accounts, they're sold on the black market. So, the fraud increased as well. Regular ones go for $200 to $250.

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Marketing Apple Video Fraud 289

PYMNTS

DECEMBER 29, 2020

With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. Unlike the crypto markets, Wingert said the banking and payments industries continue to be slow to adapt to the challenges of KYC and fraud prevention. Complex Compliance. Assumptions Of Readiness.

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Fraud Compliance cryptocurrency Security 270

PYMNTS

AUGUST 11, 2020

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Along with the security benefits, Kount’s product will also ensure “marketing campaign efficiency and conversion,” the company added. In a Tuesday (Aug.

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Fraud Industry Idaho Customer Experience 234

Abrigo

MARCH 18, 2025

Payment system types, trends, and fraud risks Understanding how payment systems function, the different types in use, and the associated risks is critical for financial institutions to be able to balance innovation with security. Need short-term fraud or AML staffing relief? Key topics covered in this post: What is a payment system?

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System Payments Fraud Regulation 195

Abrigo

JANUARY 22, 2024

6 Steps t o mitigate fraud risk tied to new products Your AML and fraud teams' input is key when it comes to offering new bank products. You might also like this infographic, "Beyond immediate fraud losses: How the costs and impacts of fraud snowball." download NOW Takeaway 1 Fraud losses totaled $485.6

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Fraud Risk Management Training Software 221

PYMNTS

NOVEMBER 13, 2020

The telecommunications industry is but one of many sectors looking to more securely verify customers and avoid fraud, which remains a growing problem. Robust digital ID verification practices could make many fraud schemes a thing of the past, but many banks and businesses have yet to adopt them. More than 6.2 About The Tracker.

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Fraud US Mobile Study 242

Abrigo

MARCH 8, 2024

Bank wire fraud is growing and becoming more complex. Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 2 Transnational criminal organizations commit b ank wire transfer fraud and use a variety of techniques to make Americans their victims. Investment scams were #1, with over $4.6

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PYMNTS

SEPTEMBER 21, 2020

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. And consumers want to pay with their preferred methods, across cards or digital wallets.

Fraud 311

Fraud Payments Cards Security 311

PYMNTS

JULY 27, 2020

This week’s Data Digest looks at the latest in B2B payments fraud and the invoice’s role in supplier payment redirect scams, credential theft and more. Although there are countless ways a cybercriminal can swindle funds from a company — either from the outside or within — it’s often the invoice at the center of the crime.

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Fraud Survey Report Payments 254

Abrigo

SEPTEMBER 7, 2023

Court case: Credit union held liable for ACH fraud losses A construction company argued the financial institution "failed to establish a reasonable routine" for monitoring suspicious activity alerts tied to ACH. Takeaway 3 Remember that ACH fraud risk also occurs in the placement stage of a fraudulent or money laundering scheme.

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Fraud Training System Trends 221

Perficient

AUGUST 3, 2023

Institutions can use their data to tailor LLMs and maintain an acute pulse on their numbers, giving them an invaluable awareness of where they stand in the market against competitors. For example, using generative AI image analysis, one can determine if an image has been altered, which helps control insurance fraud and identity theft.

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Industry Risk Management Customer Experience Fraud 83

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. Entering the cannabis lending market isnt without risk.

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Lending Compliance Community Software 195

Payments Dive

MAY 17, 2022

The SEC will turn to litigation if needed to achieve “clarity” as it fights abuses in cryptocurrency markets, according to an attorney in the agency’s Enforcement Division.

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Marketing cryptocurrency Fraud 195

Abrigo

SEPTEMBER 8, 2023

How to comply with both Reg CC and fraud requirements Read about the rules outlined by Reg CC, the circumstances that allow exceptions, and what to do when your financial institution suspects fraud. Takeaway 3 Understanding Reg CC and exceptions to the rules will help FIs fight fraud while staying compliant.

Fraud 195

Fraud Training Regulation Compliance 195

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.

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Fraud Online Security Cards 221

Perficient

FEBRUARY 27, 2025

By integrating financial services into non-financial platforms, banks can tap into new markets and customer bases, generating additional revenue. In 2025, AI will play a pivotal role in customer service, fraud detection, risk management, and personalized financial advice.

Banking Trends 221

Banking Trends Trends Digital Banking Customer Experience 221

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. Another popular category in the underground is account markets. One of the most important links in the chain of e-commerce fraud is the “mule”.

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Fraud Tools social media Cards 307

Payments Dive

MAY 8, 2024

accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.

Cards 195

Cards Report US Marketing 195

Abrigo

FEBRUARY 12, 2025

Financial institutions have embraced advances in data-driven decision-making , using them to improve credit assessment, fraud prevention, and financial inclusion. These models influenced marketing strategies, collections, and fraud detection tools.

Lending 221

Lending Data Fraud Technology 221

Perficient

AUGUST 4, 2024

Azure Integration Services provide the scalability required to handle varying workloads, ensuring businesses adapt quickly to changing market conditions without compromising performance. High-Impact Examples in the Financial Services Industry Real-Time Fraud Detection and Prevention Fraud detection is critical in the financial industry.

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Industry Compliance Examples Risk Management 467

PYMNTS

NOVEMBER 6, 2020

But everything else about the season is up in the air, Kount Chief Marketing Officer Gary Sevounts told PYMNTS. The challenge is that there has not only been a numeric uptick in fraud cases since the pandemic began, but also an expanding range in the variety of scams. Securing The Whole Journey.

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Fraud Data Security Customer Experience 203

Perficient

OCTOBER 24, 2024

The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks. Market making eventually transitioned to phone-based systems, with computers providing real-time information, valuations and forecasts for traders.

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Regulation Risk Management Compliance Fraud 221

South State Correspondent

NOVEMBER 2, 2020

In the last five years, one of the new disciplines in banking that has emerged is the combination of machine learning and satellite imagery to gather bank intelligence on fraud, credit, and bank marketing. and satellite (sat) imagery to improve bank performance.

Fraud 353

Fraud Marketing 353

PYMNTS

NOVEMBER 30, 2020

The accounts went on the market at a limited-access forum in the Russian underground. The targets spanned CEOs, vice presidents and directors, and included "the chief of a mid-sized American software company, the president of a U.S. apparel maker and the CFO of a European retail chain," according to Engadget.

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Fraud Software Report Security 290

PYMNTS

OCTOBER 8, 2020

Mobile money is a big market in Africa for making payments. Fraud has increased during the pandemic, and PYMNTS reported that the current "age of distraction" in which the numerous crises of health, the economy and political issues have people spread in every direction.

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Mobile Fraud Payments Groups 324

PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. Properly verifying the email addresses attached to clients is therefore essential for companies in the present market — and to keep out fraudsters successfully, this must be done at the very start of new customer relationships.

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Fraud Security Mobile Examples 208

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

Abrigo

JUNE 3, 2021

Takeaway 3 To fight cryptocurrency-related risks and mitigate losses, be vigilant and stay on top of fraud trends. As this market expands, so does a new frontier of cyber-fraud. Fraud Prevention. Fraud Trends. Takeaway 2 While crypto crime fell in 2020, there are many risks financial institutions must be aware of.

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cryptocurrency Fraud Trends Training 368

PYMNTS

FEBRUARY 21, 2020

These taxi medallions were marketed as a pathway to the American Dream, but instead became a trapdoor of despair for medallion owners harmed by the TLC’s unlawful practices,” she added. . The TLC had said medallions were investments “with greater returns than the stock market,” a statement from the attorney general’s office alleges.

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Fraud New York City New York Taxes 223

PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

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Mobile Boston Fraud Colorado 289

PYMNTS

DECEMBER 28, 2020

Further, FinCEN said phishing schemes could surface targeting people with fraudulent vaccine information, the sale of unapproved and illegally marketed vaccines and the sale of counterfeit versions of approved vaccines. FinCEN said similar attacks could be launched to disrupt the vaccine supply chain and delivery operations.

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Fraud Compliance Operations Report 317

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. This integration not only enhances customer experience but also opens new revenue streams and market opportunities for financial institutions.

Trends 221

Trends Analytics Compliance Strategy 221

South State Correspondent

OCTOBER 4, 2023

If you want to grab a material amount of new deposit balance, offer a 5.05% money market rate, post it all over Instagram, and sit back and watch the money roll in. In this article, we will show you 15 proven deposit marketing campaigns that will rack up deposit-gathering wins while building a high-performing bank in the process.

Marketing 195

Marketing Taxes Training Management 195

Perficient

NOVEMBER 19, 2024

The economic risks of AI to the financial systems include everything from the potential for consumer and institutional fraud to algorithmic discrimination and AI-enabled cybersecurity risks.

Regulation 221

Regulation Guidelines System Compliance 221

PYMNTS

OCTOBER 8, 2020

That includes new Chief Financial Officer Amaury Dauge , previously of Qontigo and Euronext , and new Chief Marketing Officer Varun Kohli , a seasoned Silicon Valley veteran. Feedzai has seen the increase in fraud and scams with the pandemic. percent of users who hadn’t experienced fraud were concerned about it, too.

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Report Fraud Risk Management America 247