PYMNTS

DECEMBER 1, 2020

The high price point beat its previous record high, set in 2017, CNBC reported. 18, and faces “one count of conspiracy to commit wire fraud, one count of conspiracy to commit bank fraud, and one count of conspiracy to commit money laundering,” the release stated. Bitcoin saw a new all-time record high on Monday (Nov. Eastern Time.

Bitcoin 80

Bitcoin Money Laundering NOV Cryptocurrency 80

PYMNTS

DECEMBER 30, 2016

Mike Vigue, vice president, product strategy, cyberfraud and risk management at B2B payments firm Bottomline Technologies , warns that ongoing use of paper checks, fraudulent emails and general ignorance of cyberthreats will continue to place businesses — and their payment activities — at the center of thieves’ targets.

Checks 58

Checks Email Compromise Security Compromise 58

PYMNTS

APRIL 29, 2019

It would instead have to turn to expensive wire transfers, credit cards — which can take days to settle — or account-to-account transfers, which also can take several days to process and incur fees if passed through intermediary banks. A London-based manufacturer can’t rely on the U.K.’s and Australia’s NPP. Mixed Demand and ISO 20022.

Interoperability 77

Interoperability ISO 20022 Instant Payments Cross-Border 77

PYMNTS

OCTOBER 15, 2018

Frosh issued a warning to the state’s small business (SMB) owners last week, he shed light on the fact that, despite business owners’ rising focus on cyberattacks, some scammers continue to use legacy tactics to target their victims. AG Frosh’s warning pertained to a specific small-business cybersecurity threat.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

APRIL 30, 2018

Jeffery said he is “pretty happy” with the finding that treasurers are investing in security, and that many will continue to do so in the coming two to three years, particularly as they implement new systems and tools, like faster payments , that demand a more sophisticated approach to security.

Email Compromise 59

Email Compromise Treasury Ransomware Wire 59

PYMNTS

AUGUST 6, 2018

In 2017, the top 10 spenders on out-of-home advertising — a category that includes not only traditional billboards, but bus wraps, digital displays, cinema ads and other marketing messages seen outside consumers’ homes — were: McDonald’s , Apple , GEICO , American Express , Google , Amazon , Coca-Cola , HBO , Verizon and Chevrolet.

Privacy 62

Privacy Wire Wires CHIPS 62

FICO

AUGUST 26, 2021

By 2020, TJ was teaching his parents how to Zelle , an adoption curve reflected in an astonishing growth statistic: 13% of consumers used Zelle in 2020 , up from a mere 1% in 2017. . This trend is expected to continue, with a global annual compound annual growth rate (CAGR) of nearly 24% predicted between 2020 and 2025.

Real Time Payments 52

Real Time Payments Zelle Federal Reserve Wire Transfer 52

PYMNTS

DECEMBER 20, 2019

In 2017, Rimasauskas was arrested in Lithuania and extradited to the U.S. He pleaded guilty, stating that, in addition to the phishing scam, he forged invoices and other documents, which he submitted to banks to support the wire transfers, according to prosecutors. His accomplices have not been identified as of Thursday.

Law Enforcement 53

Law Enforcement Phishing Wire Transfer Scams 53

PYMNTS

FEBRUARY 24, 2017

As hackers continue to advance their malicious tactics, it’s no surprise that increasingly sophisticated cyberattacks and fraud are costing business big time. Cisco’s 2017 Annual Cybersecurity Report (ACR) report revealed companies that suffer a data breach are expected to have customer, opportunity and revenue losses exceeding 20 percent.

Data Breach 68

Data Breach Breach Cybersecurity Laws 68

PYMNTS

JANUARY 26, 2017

The firm released its 2017 Payments Outlook report last week and made some conclusions that B2B FinTech players may find disappointing. But while B2B payments continues to lag behind the B2C market in terms of innovation, analysts note that all sides will be facing challenges from regulation this year. B2B Payments Outlook.

B2B 54

B2B Innovation B2C Faster Payments 54

PYMNTS

SEPTEMBER 17, 2019

In 2017, GM started shipping vehicles with Android Automotive OS, starting with integration in the Cadillac CTS and then expanding to other cars. The Google Assistant integration is expected to continuously evolve, so drivers could potentially be able to engage with their connected vehicles using voice. Amazon Move.

Correspondent 68

Correspondent Wire Wires Adjustments 68

PYMNTS

OCTOBER 19, 2017

a press release published by Business Wire reported. WEX is honored to continue its decades-long relationship with Sheetz,” said Jay Collins, senior vice president and general manager of small fleets at WEX, in response to the news. On Wednesday (Oct. 18), payment solutions company WEX, Inc., WEX made news on Aug. billion range.

Wire 40

Wire Wires Payment Solutions Authorization 40

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 49

Legal Wire Wires Rules 49

PYMNTS

APRIL 30, 2019

Data from Wealth-X ‘s World Ultra Wealth Report 2018 found that the number of ultra high-net-worth individuals increased by nearly 13 percent in 2017, with combined wealth jumping more than 16 percent to a combined $31.5 “There is a specific need for these families,” she told PYMNTS in a recent interview.

Finance 61

Finance Payroll Advisors Wire 61

PYMNTS

JUNE 14, 2018

The next most prevalent activity was wire fraud, at 48 percent, followed by corporate fraud at 30 percent. As for other avenues, business email compromise showed up mightily, experienced by 77 percent of organizations in 2017. The scheme began in 2015 and continued into last year, and in June of last year she retired.

AFP 41

AFP Accounts Wire Wires 41

PYMNTS

FEBRUARY 21, 2017

And, of course, it happens on Friday … What we’ve done,” she continued, “is that [Same Day ACH] has given us the opportunity to contact the employer and discuss whether they can submit the funds via ACH … It used to be that they had to transmit wires, which were a lot more costly than Same Day ACH because of incoming and outgoing fees.”. “And,

Faster Payments 51

Faster Payments Same Day ACH NACHA Credit Union 51

PYMNTS

JUNE 18, 2019

The Clearing House [TCH] launched its own RTP network at the end of 2017.). It has the ability to replace not only checks, but cash, wire and ACH.”. Cheney continued, “RTP supports secure, real-time conversations between trading parties, customers and employees with detailed, standardized messages. RTP And RFP.

RTP 78

RTP P2P B2B RFP 78

PYMNTS

OCTOBER 13, 2017

Between April 2016 and March 2017, the NAR reported that overseas buyers spent $153 billion on U.S. real estate during the NAR’s April 2016 to March 2017 report timespan. continues to be the best, safest place for investors globally, despite all the problems going on all over the world,” Caricote said. residential properties.

Cross-Border 68

Cross-Border On-Demand Wire Transfer Origination 68

CB Insights

DECEMBER 4, 2019

In 2017, Andreessen Horowitz general partner Alex Rampell said that of all the tech giants that could make a major move in financial services: “Amazon is the most formidable. Continue to reduce any buying/selling friction. The patent expired in 2017 and opened up the market for competitors to launch off-marketplace payment solutions.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

PYMNTS

MARCH 12, 2018

Traders have long analyzed online chatter around traditional investments, and that trend continues with bitcoin, which Reuters will analyze in the tool it runs with MarketPsych Data LLC. The FSA said a Bit Station manager had used bitcoin from customers for his or her own purposes, according to a translation and wire reports.

Bitcoin 41

Bitcoin Cryptocurrency Phishing Risk Management 41

PYMNTS

SEPTEMBER 14, 2017

Its “ 2017 Midyear Security Roundup: The Cost of Compromise ” report found that nearly 42 percent of BEC cyberattacks occurred because the CEO fell for the eInvoice scam. The company said it detected more than 82 million ransomware attacks in the first half of 2017 alone.

Scams 41

Scams Email Compromise Business Email Compromise Compromise 41

CB Insights

SEPTEMBER 26, 2017

When activated by the electric current of a thin resistive wire, the Columbia team’s soft actuator expands and contracts to execute tasks – such as gripping an egg or lifting a bottle, as the video below shows. The original study “Soft Material for Soft Actuators” was published in the journal Nature Communications in September 2017.

Research 59

Research Wire Wires On-Demand 59

PYMNTS

SEPTEMBER 17, 2018

Park and those organizations allegedly were behind the malware used in the 2017 WannaCry 2.0 Park and those organizations allegedly were behind the malware used in the 2017 WannaCry 2.0 Cyberattacks will continue, no doubt with even more sophistication. Bitcoin Role.

SWIFT 63

SWIFT Bitcoin Payments Database 63

PYMNTS

MAY 3, 2019

The waves of business email compromise (BEC) scams continue, with certain verticals seemingly marked by fraudsters. In some cases, the fraudsters impersonate people working within the same firm, with directives to wire funds to “new” accounts that are ostensibly tied to legitimate business practices.

Business Email Compromise 43

Business Email Compromise Scams Email Compromise Wire 43

PYMNTS

JANUARY 16, 2018

million students left their homes to study abroad in 2017, up more than 100 percent from the 2.1 Though millions pursue educational opportunities abroad each year, paying for that experience is a process that continues to be mired by a host of such challenges. Researchers have found that roughly 4.7 million who did so in 2001.

Payments 43

Payments Wire Transfer Wire Wires 43

PYMNTS

JUNE 24, 2019

In B2B payments, corporates’ continued use of paper checks confounds FinTech firms working to give businesses more affordable, faster and more efficient payment options. “When they need to move money same day or next day, their minds go straight to wire.”

ACH 74

ACH Payment APIs and Integration Business Payments Checks 74

Center for Payments

OCTOBER 21, 2022

Technology continues to play a more critical role in the payments space than over the past 25 years. About 46 million Americans own a share of a cryptocurrency and predictions are that it will continue to grow. In 2017, The Clearing House launched the Real-Time Payments (RTP) rail, a 24/7/365 processing system.

Accreditation 40

Accreditation RTP Instant Payments Professional Development 40

PYMNTS

JUNE 21, 2018

dollar wires to Singapore. According to Tiede, the assistant continuously learns from past interactions with users to more accurately recommend next courses of action. billion in revenues in 2017. When you log in, it can say, ‘Looks like you have sent 100 U.S. Do you know you could send a foreign exchange ACH payment instead?

AI 44

AI Treasury Bots Treasury Management 44

PYMNTS

JUNE 14, 2018

Identity theft is an unfortunately reality for more consumers as data breaches continue to rock the market. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. Research from Auriemma Consulting Group estimates that identity theft has cost banks at least $6 billion, and cost consumers $58.9

Identity Theft 43

Identity Theft Wire Transfer Crime Email Compromise 43

PYMNTS

JANUARY 31, 2017

The movement of cash is yet another modern hurdle fund managers face; these professionals tend to wire money, but strict requirements regarding access, tokenization, authorization and wiring limits all pose problems. Buy-side organizations will continue to face challenges, too. Brexit, the U.S.

Treasury 40

Treasury Treasury Management Cash Management Wire 40

PYMNTS

MARCH 1, 2018

Kohl’s is showing signs of renewed strength as its Q4 earnings results filter in across the wires, bucking its rough recent history to log Q4 earnings and revenue that outstripped analyst estimates. Gass was critical in leading the Amazon-Kohl’s partnership announced in 2017, one that Kohl’s would like to expand this year.

Wire 40

Wire Wires Research Continuity 40

PYMNTS

OCTOBER 10, 2017

The 2017 report , released Monday (Oct. Further, while consumer payments are quickly embracing digitization, corporate transactions’ uptick of electronic payments are much slower, and cash continues to hold its ground. 9), found non-cash transactions are growing at a healthy rate — with volumes increasing 11.2

B2B 49

B2B Cross-Border Non-Bank Payment APIs and Integration 49

PYMNTS

JUNE 12, 2018

Analysts forecasted a 40 percent increase in venture capitalist (VC) funding for construction startups between 2014 and 2017, with investments totaling $375 million last year. The construction sector is also held back by a continued reliance on manual processes and paper, despite the recent attention of tech innovators.

Payroll 52

Payroll Risk Mitigation Technology Process 52

PYMNTS

AUGUST 12, 2016

As a result, the employer relies on payment methods that are decades old, including wire transfers and paper checks, which is a head-scratcher given the fact that ACH isn’t interoperable worldwide. By the end of 2017, these five trends will be realized — one way or the other. Bottlenecks. But there’s a path, Hyperwallet contends.

Economy 40

Economy Cross-Border Wire Transfer Payee 40

Finovate

APRIL 3, 2024

On December 13, 2022, Samuel Bankman-Fried, founder and CEO of international cryptocurrency exchange FTX, was charged with two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering. We will continue to expose the SEC for what they are when we respond to this.”

Bitcoin 52

Bitcoin Crime Cryptocurrency Ransomware 52

PYMNTS

AUGUST 14, 2019

Macy’s CFO Paula Price also said during the call with analysts following the release that the company’s strategic initiatives are “on track to continue delivering sales growth” in the second half. And the stock market has been punishing Wednesday, with Macy’s share dropping 15 percent in value as the earnings news hit the wires.

Wire 65

Wire Wires Advisors Adjustments 65

PYMNTS

JANUARY 2, 2020

But while the sales of vitamins continued to climb through the latter half of the 20 th century, their biggest demographic was older consumers. About 65 percent of Americans between the ages of 18-34 reported taking at least one daily vitamin supplement in 2015, and by 2017 that figure was closer to three-quarters.

Product 52

Product Wire Wires Consumer 52