PYMNTS

SEPTEMBER 23, 2019

As we noted in the recent Digital Banking Tracker, the CNP fraud has taken a leg down in favor of fraud that looks to snag credit card numbers. Check Fraud, Too. In another example of decidedly low-tech fraud, in Oklahoma, a woman recently sentenced to prison stole $400,000 from her employer through signed paper checks.

Cards 124

Cards Data Florida Fraud 124

PYMNTS

JULY 29, 2019

Speaking of efficiency, a new service from a Maryland-based CU aims to simplify the small dollar loan application process. Already employed as chatbots and virtual assistants, AI-based solutions can be used to review volumes of data to detect potential acts of fraud.

Pennsylvania 173

Pennsylvania Analytics Maryland Innovation 173

PYMNTS

FEBRUARY 25, 2019

As fraudsters get more brazen and inventive in the digital information ecosystem, many companies are realizing they can’t thwart these bad actors on their own, and must instead turn to new partnerships in their fight against fraud. Deep Dive: Making National IDs Biometric-Friendly.

Wyoming 134

Wyoming Idaho Maryland Colorado 134

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases.

El Paso 195

El Paso United States Miami New York City 195

Independent Banker

DECEMBER 31, 2022

Address fraud and security. According to “The State of Fraud and Financial Crime in the U.S.,” a report from Featurespace and PYMNTS on fraud and financial crime, 62% of financial institutions reported an increase in fraud volumes from 2021 to 2022. Fraud is running rampant. Interconnected developments.

Trends 140

Trends Payments Community Bank Texas 140

PYMNTS

NOVEMBER 26, 2019

Senators Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter asking whether the technology could be accessed by foreign entities or whether it posed a risk to national security.

Data 130

Data Delaware Oregon Maryland 130

PYMNTS

OCTOBER 19, 2017

states, including Maryland, North Carolina, Ohio, Pennsylvania, Virginia and West Virginia. This contract extension will not only provide Sheetz with access to WEX’s … products and services, but its customers will benefit as well through fuel savings programs, fraud protection and data insight.”.

Cards 100

Cards West Virginia North Carolina Virginia 100

Javelin Strategy & Research

SEPTEMBER 18, 2013

About a week ago, a fraudulent order was placed for a copy of Javelin’s most recent report on Identity Fraud. Is Maryland in the U.K.? The online order was attempted, but the product was never delivered. Hey, someone ask Nick Holland!”

Fraud 40

Fraud Maryland Cards Online 40

PYMNTS

FEBRUARY 20, 2020

MGM Resorts has locations in Las Vegas, Detroit, Mississippi, Maryland and New Jersey, and its properties include the Bellagio, Mandalay Bay, MGM Grand and Park MGM. The company also wants to use the space for other eSports events, as well as use other lounges and bars for similar events. “We

Las Vegas 130

Las Vegas Mississippi Detroit New Jersey 130

FICO

FEBRUARY 16, 2023

A cluster of states in the northeastern US accounted for an additional 29%, and included New York, New Jersey, Pennsylvania, Maryland and Virginia. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

PYMNTS

JUNE 28, 2019

The suit named individuals living in Minnesota, Maryland and Ontario as defendants, as well as businesses based in China. The suit identified 11 individuals and businesses that advertised and sold counterfeit versions of Nite Ize products.

Minnesota 117

Minnesota Maryland Seattle Branding 117

FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams.

Fraud 52

Fraud Cards Oakland ATM 52

PYMNTS

AUGUST 23, 2018

Darden said the Cheddar restaurants impacted are located in Alabama, Arizona, Arkansas, Delaware, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin.

Cards 112

Cards South Carolina North Carolina Nebraska 112

CFPB Monitor

JULY 7, 2021

On June 29, 2021, the CFPB and the Attorney General of the State of Georgia filed a proposed order in connection with a joint lawsuit they filed a day earlier in federal district court in Georgia against Maryland-based debt-relief and credit-repair company Burlington Financial Group (“Burlington”) and three individual owners and executives.

Georgia 78

Georgia Company Maryland United States 78

PYMNTS

NOVEMBER 4, 2019

Plank was a University of Maryland football player when he founded Under Armour in his grandmother’s basement. The company’s 1996 founder Kevin Plank is stepping down in January as chief executive officer (CEO) and will serve as executive chairman and brand chief. Patrik Frisk, appointed two years ago as president, will take over as CEO.

Baltimore 104

Baltimore Maryland Branding Security 104

PYMNTS

SEPTEMBER 10, 2019

States like Colorado, Delaware, Idaho, Maryland, Wyoming and even the District of Columbia are currently testing or have already piloted the use of digital drivers’ licenses. Last year , Scotland’s Improvement Service, responsible for “improving [local citizens’] quality of life,” partnered with Yoti to offer digital IDs via a mobile app.

Wyoming 136

Wyoming District of Columbia Colorado Idaho 136

Independent Banker

JANUARY 31, 2022

Far beyond basic connection links, banks can utilize vendor partners who can provide necessary applications for a safe on-ramp for participation, particularly in this first phase when expansive fraud mitigation tools may not be available from the Fed. Our institution has taken a strong focus on fraud as we prepare for FedNow,” Furey says.

Community Bank 91

Community Bank Community Resources Fraud 91

Independent Banker

FEBRUARY 24, 2016

As deploying smart EMV chips in Europe has shown, enhancing security for in-person, card-present transactions may lead to an escalation in online fraud—hence the need for tokenization to tamp down illegal activity involving mobile devices and PCs. Elizabeth Judd is a freelance financial writer in Maryland.

Cards 70

Cards Community Bank Community Mobile 70

PYMNTS

JANUARY 30, 2018

Maryland Representative Elijah Cummings and California’s Representative Jimmy Gomez, in an open letter to BoA CEO Brian Moynihan, said that many low-income American families rely on the account. Customers can also keep a daily balance of $1,500 to avoid fees. Those who do not meet those criteria will pay a $12 monthly fee.

America 109

America Maryland FDIC Millennials 109

Independent Banker

NOVEMBER 13, 2014

Significant strides are being made to more effectively prevent and stop financial fraud and cyberattacks through rapid and widely-shared transaction pattern analysis. Michael Blankenheim is a freelance writer in Maryland. Perhaps nowhere more could the Internet of Things transform banking more than in systems and data security.

Community Bank 71

Community Bank Community Maryland System 71

Independent Banker

DECEMBER 13, 2015

Ellen Ryan is a freelance writer in Maryland. . … If you’re trying to demonstrate the M in CAMELS [capital, assets, management, earnings, liquidity, sensitivity], you’ll do more than what’s required” in current exams. Cybersecurity is important enough that we should get ahead on it, not lag behind,” he says.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Ellen Ryan is a freelance writer in Maryland. . … If you’re trying to demonstrate the M in CAMELS [capital, assets, management, earnings, liquidity, sensitivity], you’ll do more than what’s required” in current exams. Cybersecurity is important enough that we should get ahead on it, not lag behind,” he says.

Tools 70

Tools Community Community Bank Security 70

Fintech Labs Insights

FEBRUARY 24, 2016

ThreatMetrix Enters Into Agreement with FUJI SOFT to Provide Online Fraud Solutions to Japan. Lending Club opens to retail investors in Maryland and North Dakota, bringing its total to 45 states & Washington D.C. Around the web: eWise expands data aggregation network to include institutions in Singapore and Thailand.

North Dakota 12

North Dakota Maryland Washington Lending 12

Fintech Labs Insights

NOVEMBER 12, 2015

HQ: National, Maryland. Tags: Enterprise, fraud, security, online banking, payments, API, developers, big data. Latest round: Undisclosed. Total raised: Unknown. Source: Crunchbase. FinTecSystems. Real-time financial data access for financial institutions. Latest round: Undisclosed. Total raised: Unknown. HQ: Munich, Germany.

Company 12

Company New York City Fintech San Francisco 12

Fintech Labs Insights

MARCH 1, 2016

HQ: Annapolis, Maryland. Fraud protection for e-commerce. Tags: Enterprise, security, fraud protection, risk management, Finovate alum. Latest round: Undisclosed Series B. Total raised: Unknown. Source: Finovate. Latest round: $20 million Series B. Total raised: $31 million. HQ: San Jose, California.

New York City 12

New York City Company Fintech San Francisco 12

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. Aside from the political implications of such claims, The New Yorker ‘s report pointed to the fraud risks that organizations face, even from the C-Suite. It also highlighted the predicament that organizations face if a C-Suite executive is found committing fraud. In the U.S., Phillips, Jr.

Fraud 108

Fraud Baltimore cryptocurrency Maryland 108

Fintech Labs Insights

JUNE 6, 2016

HQ: Glenwood, Maryland. Tags: SMB, accounting, bookkeeping, expense reporting, compliance, fraud protection. Healthcare Interactive. Healthcare & insurance technology. Latest round: $3.4 million Series A. Total raised: $11.8 Source: FT Partners. Digital bank. Latest round: $3.4 million Equity Crowdfunding ($95 million valuation).

Company 12

Company Fintech San Francisco New York City 12

PYMNTS

AUGUST 11, 2017

The Wall Street Journal reported news that a recently unsealed FBI affidavit shows that the alleged recipient of the funds was Mohamed Elshinawy, an American citizen arrested more than a year ago in Maryland. The suspect was part of a global network directed by a now-dead senior ISIS figure in Syria, Siful Sujan.

US 106

US social media Maryland United States 106

Abrigo

OCTOBER 31, 2022

Stay up to the date on emerging fraud trends. Fraud Prevention. Reduce false positives so you can focus on the truly suspicious activity. learn more. Taking action. FinCEN issued guidance in 2017 for GTO responsibilities for financial institutions, and this guidance is still applicable today ( FIN-2017-A003 ). keep me informed.

New York City 195

New York City Las Vegas District of Columbia San Antonio 195

PYMNTS

SEPTEMBER 27, 2018

States like Colorado, Delaware, Idaho, Maryland and Wyoming, and even the District of Columbia, have already piloted the use of digital driver’s licenses in recent years. Digital licenses and other electronic ID cards promise to provide increased convenience for consumers and law enforcement officials when confirming ages or identities.

Wyoming 124

Wyoming District of Columbia Colorado Hawaii 124

Independent Banker

JULY 31, 2022

Banks that lack proper controls are liable, contends Ghiglieri, to internal and external fraud losses—as well as litigation expenses and regulatory penalties. One of these is a rise in fraud and ransomware, both of which tend to flourish in times of turmoil. Elizabeth Judd is a writer in Maryland. Play the long game.

Strategy 135

Strategy Community Bank Louisville Community 135

American Banker

DECEMBER 7, 2020

The Maryland Democrat served five terms in the U.S. Senate, a 30-year tenure in which he was chairman of the Senate Banking Committee when it responded to a rash of accounting scandals. He didn’t seek a sixth term and retired on Jan. 3, 2007.

Maryland 37

Maryland Fraud 37

Independent Banker

SEPTEMBER 30, 2021

Elizabeth Judd is a writer in Maryland. “The nature of the threats may have changed, but banks are still very good at protecting money and data,” he adds. We’ve been doing so since banks have been in existence.” Elizabeth Judd. Ed Avis is a writer in Illinois.

Community 139

Community Community Bank social media Security 139

PYMNTS

MARCH 19, 2018

The lid is being opened on the black box of Facebook’s data practices, and the picture is not pretty,” said Frank Pasquale, a University of Maryland law professor, in the Reuters report. That defense didn’t do much to quell the blame being tossed the social media giant’s way.

Data 102

Data Regulation social media Massachusetts 102

PYMNTS

APRIL 27, 2020

This is not just a matter of rooting out fraud and abuse – the funding for this program, which we support, is necessarily finite,” the letter said. Published reports revealed that the distribution of the initial round of funding was not limited to struggling small businesses that truly needed the money to stay open, the senators wrote.

Rhode Island 142

Rhode Island Vermont Connecticut Minnesota 142