PYMNTS

DECEMBER 26, 2018

Those lapses hurt Morgan Stanley’s ability to track tends of billions of dollars of wire and foreign currency transfers. billion shares of penny stock between 2011 and 2013, noted the report. Other violations covered in the settlement include failing to reasonable monitor deposits of 2.7

Compliance

PYMNTS

FEBRUARY 5, 2019

Department of Justice (DOJ) recently introduced a new interpretation of the Federal Wire Act, enacted in 1961. That new interpretation “now makes the Wire Act applicable to any form of gambling that crosses state lines, including online gambling and online lottery,” according to one account. billion, double the amount spent in 2011.

Legal

PYMNTS

MARCH 23, 2018

While the defendants have not been arrested and are reportedly abroad, they face multiple charges, such as wire fraud and conspiracy to commit computer intrusions. Prosecutors said over 31 terabytes were stolen from 144 U.S. universities, 36 U.S. businesses and five U.S. government agencies for financial gain.

Fed

PYMNTS

SEPTEMBER 14, 2016

And headphone wires might be the biggest loser this week — at least, if Apple has anything to say about it. Wells Fargo settled the investigation, which was sparked by the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and the Los Angeles prosecutor, last week by agreeing to pay a fine of $185 million.

Office of the Comptroller of the Currency

PYMNTS

JANUARY 25, 2017

More people are embracing these new financial solutions each year, with mobile banking usage growing from 22 percent of adults in 2011 to 43 percent in 2015. Specifically, he said, because virtually all mobile devices contain a GPS tracking device, they are much easier to locate than even devices on a wired connection.

Online and Mobile Banking

PYMNTS

NOVEMBER 15, 2019

Founded in 2011 by Harald Seiz, the firm offered online purchases of “cryptonyzed gold” tokens, offering customers a commission to sign up other “affiliates.” German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme.

Stablecoins

PYMNTS

NOVEMBER 7, 2017

Brick sent $338,000 via wire to the fraudulent account. Brick submitted a claim to Chubb for about $225,000 in 2011, according to reports, but the insurance company denied to cover the claim on grounds that Brick’s own instructions to transfer money were not fraudulent.

Scams

PYMNTS

APRIL 14, 2017

Given that bitcoin wasn’t even worth over $1 until April 2011, most of this revenue has been generated in just the past few years. District Court for the Northern District of California, alleging that Wells suspended outgoing wire transfers to the U.S. billion in cumulative revenue from payouts.

Bitcoin

PYMNTS

SEPTEMBER 17, 2018

Additionally, there is one count of conspiracy to commit wire fraud — a charge that could lead to a maximum sentence of 20 years in prison. Chosun also plied its trade from locations in China (where Park was based from 2011 to 2013), according to the complaint. Park is being charged by the U.S.

SWIFT

PYMNTS

JULY 16, 2018

FISASCAT, a workers’ union in Italy, threw its support behind the Spanish workers in a tweet on Monday, but how widespread actual support or striking was – or will be – has yet to hit the wires. billion) in Spain and created over 2,000 permanent jobs since 2011 and we continue to be committed to Spain.” billion euros ($1.29

Wire

PYMNTS

JUNE 27, 2018

Robin Cline, who had worked as an accounts receivable clerk for the firm, had been accused by the Justice Department of wire fraud. The accused, William Sullivan, pleaded guilty to charges that his firm, Net Pay Solutions, had committed theft between 2006 and 2011, having made off with $5.7

Risk

PYMNTS

MAY 12, 2017

percent increase in identity fraud victims since 2011, when 11.6 FBI Sees Wire Fraud Via Email Grow In 2016. In the study, the organizations found that the number of identity fraud victims had risen to 15.4 million in the U.S. in 2016, losing a combined $16 billion — just over $1,400 per victim, on average.

Business Email Compromise

CB Insights

JULY 19, 2017

Founded: 2011. ” Their experts have partnered with about 500 startups a year since opening the first foundry in 2011; their newest facility opened in Houston in 2016. Founded: 2011. Founded: 2011. Kohl’s Digital Center opened in 2011. Innovation Lab Name: AT&T Foundry. Founded: 2013. Founded: 2013.

Innovation

Fintech Labs Insights

AUGUST 26, 2015

Founded 2011. Wire transfer. At FinovateSpring 2015, WealthForge launched its Invest Button, technology that compliantly processes private placements, that companies can incorporate into their website. Headquartered in Richmond, VA. Infographic below shows stats from the WealthForge platform: Investor experience.

Compliance

CB Insights

MAY 9, 2019

In 2011, Watson competed on the quiz show Jeopardy! In 2011, Amazon announced that sales of e-books had surpassed sales of paperback books through Amazon for the first time ever. against champions Brad Rutter and Ken Jennings, winning first prize.

Innovation

Fintech Labs Insights

AUGUST 9, 2016

Founded in 2011 and headquartered in London, SumUp demonstrated its technology at FinovateEurope 2013. Referred to by Wired magazine as one of the “hottest startups in Finland,” the company was acquired by BBVA in March. Daniel Klein is CEO.

Small Business

PYMNTS

MAY 8, 2017

Which means the Moores were in a unique position to come up with a unique insight in 2011 when they formed DinnerTime. “We The system is also wired into saving consumers money — by literally monitoring the store ads nationwide to make sure menus optimize around an average cost of $3 per serving. “We

On-Demand

CB Insights

DECEMBER 4, 2019

That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011. Amazon Lending initially launched in 2011 to help small businesses finance and sell more goods on Amazon. Source: March 2018, Housing Wire. Rumor: Amazon is getting into mortgages.

Online and Mobile Banking

PYMNTS

MAY 10, 2016

Best Buy banished the commissioned employee from the sale floor and successfully branded itself as the one-stop shop for all things electronic where no one is upsold, fast talked or pushed into a package of expensive wires for their stereo system that they neither want, need or really understand.

Ubiquitous

Fintech Labs Insights

MARCH 15, 2016

Later this year, the company plans to revamp its UX, add vendor solutions and member polling, enhance the Wire feature, and launch topics pages. CBANC’s President Myers Dupuy demonstrated the network at FinovateFall 2011 in New York. New elements include: Leaderboard. Daily news.

Wire

PYMNTS

SEPTEMBER 9, 2016

And after a brief dip in 2010 and 2011, the increase continued until it peaked in 2014, according to Financial Fraud Action UK. That’s agnostic to whether it gets realized as a wire or ACH transaction,” Rojas said. In 2009, it was 14 percent higher than levels seen the previous year. 2013 and Feb. 2016, according to the FBI.

Same Day ACH

PYMNTS

OCTOBER 1, 2018

FIRREA authorizes the federal government to seek civil penalties against companies and individuals that commit various criminal offenses affecting federally insured financial institutions, including bank fraud, wire fraud and false statements to financial institutions. said U.S. In 2010, LendingClub added to its war chest with a $24.5

P2P

Fintech Labs Insights

MARCH 7, 2016

Described by Wired magazine as the “hottest startup in Finland ,” Holvi has just been acquired by Spanish bank – and fellow Finovate alum – BBVA. Founded in 2011 and headquartered in Helsinki, Finland, Holvi demoed its technology at FinovateEurope 2013.

Acquirers

PYMNTS

JULY 1, 2019

If you need a balanced refresher of Libra’s impact on global payments, here’s how I called it in a piece that published one minute after the Libra news crossed the wire. When Tencent made the move to mobile and launched WeChat in 2011, it had to persuade QQ users to download and use the WeChat app.

Bots

CB Insights

OCTOBER 6, 2017

However, Foxconn has fallen short of its 2011 forecast of installing 1 million robots in its factories in 3 years. A few years ago, Peter Lee, a vice president inside Microsoft Research, said that the cost of acquiring a top AI researcher was comparable to the cost of signing a quarterback in the NFL.” – Wired.

AI

PYMNTS

SEPTEMBER 8, 2018

Kaepernick’s relationship with Nike is not new, as he has been a client since 2011. The internet more or less exploded when Kaepernick’s tweet hit the wires. And so the reaction across the web to the surprising announcement is perhaps very unsurprising.

Risk

CB Insights

MAY 23, 2019

After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Moumen pled guilty to charges of wire fraud on May 12, 2017. Total Funding: $490M. The Outcome.

Online and Mobile Banking

CB Insights

NOVEMBER 9, 2017

The San Francisco startup, which was co-founded by Sunil Paul in 2011 and says it has raised $39 million in financing, cited a capital disadvantage to its competitors for the reversal. ” via Wired. via Content Wire. That way, Aereo could avoid paying retransmission fees for broadcasters’ content. Company: Beyond The Rack.

Online and Mobile Banking

CB Insights

OCTOBER 31, 2019

The goal had been to fully automate virtually all of M’s tasks; however, the platform never surpassed 30% automation, according to a post-mortem of the product in Wired. The median size of a single page on a desktop website is about 1,500 KB, a 3x increase from 2011, according to HTTP Archive. Source: HTTP Archive.

Bots

CB Insights

MAY 1, 2018

BlackBerry PlayBook, BlackBerry (2011). Google+, Google (2011). PS Vita, Sony (2011). Amazon Local, Amazon (2011). Facebook Deals, Facebook (2011). The social giant did the same thing in 2011, but shuttered the concept a scant four months later. Touchpad, HP (2011). Qwikster, Netflix (2011).

Product