FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Since then, I’ve deposited nearly a dozen checks using this nifty capability. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank?

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Contactless Payments 52

FICO

SEPTEMBER 10, 2020

Typically, money mules are unwittingly tricked into depositing a fraudulent check into a bank account or into receiving money from accounts without authorization of the account owner. Consumers are taking “mobile to the max” by using their phones for mobile deposit, contactless payments and person-to-person payments.

Crime 52

Crime Money Laundering Online and Mobile Banking Romance Scams 52

PYMNTS

JULY 3, 2018

There are plenty of mobile deposit apps for consumers, but there are far fewer focused on commercial mobile deposits. Employees in the field are often stuck accepting only cash or checks, which they collect throughout the week and deposit as a batch. DadeSystems. Jewel Paymentech. AvidXchange.

Mobile Deposit 40

Mobile Deposit Online and Mobile Banking APACS Fraud Prevention 40

FICO

FEBRUARY 24, 2022

Just last month, the Bank of the Philippine Islands flagged rising cases of criminals using another person’s bank account to launder money. In this clip from ABS-CBN, I discuss the rise of money mules in the Philippines: Faster Payments Accelerate Problem. Transaction behaviors have also evolved during the pandemic.

Money Laundering 52

Money Laundering Financial Crimes Crime AML 52

FICO

JANUARY 10, 2023

We heard about taxi and fast-food scams where customers were distracted as large sums were being entered into card machines prior to PIN entry, as well as many variations on authorized push payment fraud. Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market. Read the full post.

Scams 52

Scams Posting Push-to-Card Compromise 52

Fintech Labs Insights

AUGUST 22, 2024

Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Mahalo Banking: Raised $21M for its banking software; successfully launched new features, experiencing strong growth in client base. QuickFi : Reported a 45% increase in loan volume.

Online and Mobile Banking 15

Online and Mobile Banking Acquirers Payment APIs and Integration AI 15