PYMNTS

APRIL 1, 2019

Synthetic fraud is a brave new frontier in bilking billions, as commerce goes increasingly online. The money is being earmarked across a number of initiatives, designed to combat synthetic fraud. Flavors Of Fraud. Drilling down on the details, Harris maintained that there are two types of synthetic fraud.

Construction 73

Construction Numbers Concentration Securities 73

PYMNTS

SEPTEMBER 30, 2020

The ongoing COVID-19 pandemic is accelerating this shift, making financial institutions (FIs), merchants and their regulatory officials race to secure these new digital users. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

Banking 70

Banking Securities Compliance Finance 70

PYMNTS

AUGUST 29, 2019

billion due to cyberattacks , fraud, terrorism and other risk factors, according to new research by insurance broker Gallagher. 28) said Gallagher researchers are urging small and medium-sized businesses to develop incidence response plans amid revelations that such crises result in major financial losses. Small businesses in the U.K.

Securities 41

Securities Planning Accounting B2B 41

PYMNTS

SEPTEMBER 4, 2020

For more than half of them, one factor was key in deciding where to open their accounts: trust in the financial institution. In the Leveraging The Digital Banking Shift , PYMNTS surveyed more than 2,200 consumers to reveal why banks must make trust and fraud concerns top priorities in the current economic climate.

Banking 70

Banking Retail eCommerce Leverage 70

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Communication 63

Communication eCommerce Retail Technology 63

PYMNTS

MARCH 28, 2018

billion due to fraud in 2016, and a significant portion of that stems from chargeback fraud. According to LexisNexis , chargeback fraud accounts for 28 percent of all fraud that occurs at an eCommerce company, tied for first place with “ friendly fraud.” Researchers estimate U.S.

Securities 44

Securities eCommerce Accounting CFO 44

PYMNTS

FEBRUARY 11, 2019

The price tag of Apple’s latest iPhones, combined with an economic slowdown and extending smartphone replacement cycles, were named by IDC as the culprits behind the dive in sales at the Cupertino, California handset maker. According to a report in Bloomberg citing IDC, the smartphone market in China contracted 9.7

Economics 43

Economics Sales Retail Marketing 43

PYMNTS

OCTOBER 8, 2018

Danske Bank’s problems are the biggest and most obvious at the moment, but they point to a much bigger, more puzzling issue that is affecting the financial services industry broadly. Adjaoute noted that there is probably no satisfying answer to that question. The Power Of Transparency. New Technology For Regulators.

Banking 76

Banking Compliance Budgeting Technology 76

PYMNTS

JANUARY 19, 2017

While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology. The latest is global consulting firm McKinsey, whose new report has put a price tag on the potential of blockchain: $110 billion.

Treasury 79

Treasury B2B Education Technology 79

PYMNTS

OCTOBER 18, 2016

The price tag attached to a data breach on a small business has increased this year, according to new analysis from IBM and Ponemon Institute. With their newly released “ 2016 Cost of Data Breach: Canada ” report, the firms examined the financial impact of data breaches on 24 companies in Canada to assess the damage.

Securities 77

Securities Budgeting Investments Planning 77

PYMNTS

JULY 23, 2018

In a press release , PayU said the price tag was undisclosed, but that the deal supports PayU’s expansion into high growth markets. By working together to create the first ‘Payment OS’ platform, we will advance PayU’s mission to help build a world without financial borders.”.

Investments 40

Investments Leadership Technology Marketing 40

PYMNTS

OCTOBER 30, 2018

Its suggestions about mortgage financing are helpful, even intuitive, and take the stress out of remembering to plan each step of a financial journey that is life-long and can get side-tracked amid the busyness of daily routine. Easier said than done. The security? It’s all about context.

Concentration 64

Concentration Technology Banking Securities 64

PYMNTS

NOVEMBER 22, 2017

Account takeover fraud , card-not-present (CNP) fraud, tax fraud, selling stolen financials, selling fake bank accounts, the Dark Web: If security experts are fighting it today, chances are that Brett Johnson was there when it started. The family lived in eastern Kentucky, an area Johnson describes as “fraud central.”

Securities 48

Securities Accounting Entertainment Banking 48

PYMNTS

JANUARY 17, 2017

And for that reason, credit bureaus, financial institutions and even eCommerce sites find they must look elsewhere for verifiable data or risk overlooking good but “thin-filed” consumers, including millennials. Outsmarting The Fraud.

Numbers 45

Numbers eCommerce Compliance Accounting 45

PYMNTS

JULY 6, 2017

The procure-to-pay process is emerging as a new priority for the C-Suite, with procurement turning from an administrative task to a strategic one that can support financial and growth goals for the enterprise. In its eBook, eRequester said that procurement visibility is paramount to cutting back on those financial losses.

B2B 40

B2B 40

PYMNTS

APRIL 21, 2016

All of this is being done without the use of JavaScript or device ID tags. Additionally, location can be factored in to support geofencing, as well as risk/fraud use cases. Since the data is real time from the carriers, change events indicating fraud, as well as lost/stolen device notifications, are shared immediately.

Leverage 41

Leverage Risk Analysis Numbers Accounting 41

PYMNTS

SEPTEMBER 23, 2016

.” Currently, bitcoin can be traded 24 hours a day, but as there are few sellers at certain times of the day, Gemini is taking advantage of the non-trading hours of traditional financial markets and designating those as the time to trade bitcoin. The auction should also help to establish the daily bitcoin trading price.

Profit and Loss 77

Profit and Loss Currencies eCommerce Leverage 77

PYMNTS

SEPTEMBER 23, 2019

Lesser-known about Barnum are his many business and financial ups and downs, including his fight back from bankruptcy in the mid-1800s. It’s a dynamic that can be solved by access to speedy real-time rails – but it also comes with a hefty price tag for suppliers. PYMNTS research estimates that in the U.S., buyers owe suppliers $3.1

B2B 61

B2B Leverage B2C Investments 61

PYMNTS

JANUARY 28, 2019

Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill. Mastercard got tagged with a $648.3 Annually Fortnite brings in about $3 billion through legitimate means. Mastercard and Google Fend Off Fines.

Advertising 51

Advertising Retail Currencies Banking 51

PYMNTS

JULY 24, 2020

The way Ritter sees it, digital transformation has affected the fraud picture as much as the pandemic. And specifically, I see something influenced heavily by research we’ve done on that side of the fraud spectrum. It’s what the fraudsters tag onto because it’s the most current opportunity. As the shift to Digital 3.0

Securities 83

Securities Banking Technology 83

PYMNTS

OCTOBER 16, 2020

One recent survey found that 68 percent of corporate businesses considered real-time payments to be the most important factor when starting new relationships with financial institutions (FIs). This form of fraud represented 60 percent of deposit account attacks in 2019, for example, and it cost businesses and banks $15.1

Treasury 76

Treasury B2B Accounts Payable Cash Management 76

PYMNTS

FEBRUARY 26, 2020

As more financial service providers explore how to capitalize on corporates’ growing adoption of commercial cards, firms are looking at the card as a way to round out their products and services with a more holistic offering. Further, the upgrades target freelancers with the capability of tagging transactions for the correct client.

B2B 60

B2B Accounts Payable Securities Accounting 60

PYMNTS

MARCH 2, 2020

Accountants have not historically been considered when it came to financial management automation, so whether it be tax submission or individual P&L [profit and loss] management, it was the job of the accountant to bridge the gap between the different technologies manually.”. A Game of Scale.

Accounting 56

Accounting Reconciliations Profit and Loss B2B 56

PYMNTS

JULY 16, 2020

Apart from celebrities, Apple and Uber were also tagged in the hacking event that occurred Wednesday (July 15). And the forms these frauds appear in is varied. That data, he noted, can be used by fraudsters to get someone to voluntarily do something they ought not.

Securities 64

Securities Accounting Education Communication 64

PYMNTS

APRIL 26, 2016

The Royal Bank of Scotland is in hot water with small and medium-sized businesses, and reports on Monday (April 25) have put a price tag on those legal troubles. Financial Conduct Authority (FCA) and Serious Fraud Office to investigate the institution, as well as RBS to launch its own probe into the matter.

Restructuring 40

Restructuring Banking Finance B2B 40

Strategic Treasurer

DECEMBER 27, 2021

So, we formed a coalition which was over 20 organizations, financial institutions, consulting firms, media companies to help collect and distribute data. Let’s continue with some major topics, fraud is a top-ranking concern for treasury, as we all know, and this year it has become a bigger issue worldwide. Craig Jeffery 1:35

Treasury 52

Treasury Currencies Banking Planning 52

Barry Ritholtz

APRIL 25, 2023

So, Brian is not a stranger to me, and we have some shared financial interests, but the reason I wanted to bring him in here is there are few people in the industry who have a better perch by which to look at the world of registered investment advisors, broker-dealers, all of the changes that are taking place in the space. Has that closed?

Mergers and Acquisitions (M&A) 60

Mergers and Acquisitions (M&A) Compliance Investments Finance 60