PYMNTS

MARCH 18, 2019

In the payroll function, APIs have elevated executives’ focus on the role payroll data plays in promoting automation, talent retention and even enterprise security, said Inova Payroll President and CEO Farsheed Ferdowsi. “Our industry used to be payroll, tax filing and direct deposit.

Payroll

PYMNTS

NOVEMBER 23, 2020

For purposes of this analogy, the “basement” into which bad mice are creeping is most likely your legacy payroll/expense management software and its possibly compromised connections. While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them.

Payroll

PYMNTS

JANUARY 13, 2020

That means the vast majority of businesses are at risk for an array of cybersecurity incidents, including the Business Email Compromise (BEC), which often sees fraudsters spoofing legitimate email addresses from vendors, and sending seemingly real requests for payment. According to local Kentucky Today reports, $1.5

B2B

PYMNTS

FEBRUARY 2, 2018

experts warned of a type of payroll scam that sees fraudsters diverting direct deposits from employee accounts to criminal accounts. Those credentials are then used to access payroll portals and redirect payroll funds into fraudulent accounts. Of all of the scams targeting corporates, another one is landing on their radar.

Direct Deposit

PYMNTS

MAY 30, 2016

The payroll industry is in flux, experts agree. A new report from Accounting Today examined how and spoke with several industry players offering payroll solutions to discover key trends in the space. Analysts said that the evolving payroll landscape should be thought of as an opportunity. ” .

Payroll

PYMNTS

AUGUST 29, 2018

Microsoft is partnering with Ramco Systems to launch a payroll solution on the Microsoft Dynamics 365 platform, reports in Digit said on Tuesday (Aug. The companies rolled out Ramco Global Payroll Software with embedded Microsoft AI capabilities.

Payroll

Fintech Finance

SEPTEMBER 27, 2024

The company differentiates itself with its high card limits, hybrid card technology, cybersecurity options and extensive loyalty benefits and discounts program with 350,000 retailers. Other services that ViaCarte provides include physical bank accounts (IBANs), crypto-fiat exchange, crypto loans, payroll and remittance payment services.

Multi-Currency

PYMNTS

APRIL 20, 2018

Alternative finance, cybersecurity and logistics providers landed the majority of the more than $205 million in funding placed for B2B startups in venture capital and debt. Canada, Africa and Israel this week, with appearances from B2B payments, payroll and artificial intelligence (AI) players. Cybersecurity. Instant Financial.

Cybersecurity

PYMNTS

DECEMBER 10, 2020

helps to process payments, merchant services and other solutions such as prepaid debit cards and payroll cards. -based TSYS, the third-largest third-party payment processor for financial institutions in the U.S., The company was acquired by Global Payments Inc. Krebs said the attack came on Dec.

Ransomware

PYMNTS

OCTOBER 26, 2018

Cybersecurity investment probably won’t let up anytime soon. Indeed, this week did see some cybersecurity funding action, with several big-name backers participating in the $85 million investment for Team8 , a venture studio that explores how corporate collaboration can develop better cybersecurity tools and businesses.

Small Business

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Another California cybersecurity startup, Contrast Security, announced $65 million in Series D funding this week. Contrast Security.

Returns

Finovate

DECEMBER 2, 2024

Payments Digital payroll company Deel acquires U.K.-based Razorpay teams up with the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to boost cybersecurity for digital payments in India. -based digital savings and mortgage platform Tembo raises $17.8 million (€16.8

FinTech

PYMNTS

JUNE 14, 2019

Other rounds this week showed investors’ appetites for alternative funding solutions, global payroll, strategic procurement, enterprise digitization and cybersecurity. Cybersecurity remains a hot focus for investors, with Edgewise landing $11 million in Series A funding this week, AmericanInno reports said. Funderbeam.

B2B

PYMNTS

OCTOBER 14, 2016

According to a report from cybersecurity firm Symantec, the attack mirrors tactics used by the unidentified group that orchestrated an $81 million hack of Bangladesh’s central bank earlier this year. Hong Kong, Australia, the U.K. and Ukraine. Companies that provide support services to those industries also appear to be targets.

SWIFT

PYMNTS

NOVEMBER 18, 2019

Cybersecurity experts are warning that the next year, and beyond, will continue to present an elevated threat level to businesses at risk of payments fraud — and governments are taking steps to react accordingly. cybersecurity technology companies are taking measures to raise awareness and combat corporate payment fraud risks.

Business Email Compromise

PYMNTS

DECEMBER 12, 2016

The latest research finds SMEs need support in cybersecurity, employee management and technology. Payroll, employment and the number of firms increase along with a rise in VC funding, researchers found. And we’re not just talking about financing. million U.K.

Small Business

PYMNTS

APRIL 4, 2019

The latest research in small business cybersecurity has revealed the relentless nature of the threat, with new strategies emerging and new strains of ransomware rearing their ugly heads. Furthermore, traditional cybersecurity technology cannot always detect this kind of attack.

Ransomware

PYMNTS

SEPTEMBER 21, 2019

As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. 20 percent of Business Email Compromise scams request payroll diversions new data from the Anti-Phishing Working Group (APWG) revealed in a report published last week.

Data Breach

The Fintech Times

SEPTEMBER 29, 2024

It also offers physical bank accounts (IBANs), crypto-fiat exchange, crypto loans, payroll and remittance payment services. The company provides white-label card, e-wallets and benefit programmes for institutions and individuals.

Multi-Currency

PYMNTS

APRIL 18, 2019

A new report from cybersecurity company Coveware put some numbers behind this trend. The regulatory and cybersecurity community’s general consensus on ransomware attacks is to advise victims not to pay their attacker. The average span of system downtime increased, too, to 7.3 Bitcoin at the Center.

Ransomware

PYMNTS

FEBRUARY 11, 2020

More recently, today email cybersecurity firm Vade Secure announced the release of its own research on the most common mechanism through which cyberattackers commit their ransomware scams: phishing attacks. ” This trend was reflected in a recent cybersecurity incident with WhatsApp. The New York Times reported Sunday (Feb.

Phishing

PYMNTS

MARCH 15, 2019

With new funding led by SFW Capital Partners, Greenshades Software said it will focus on expanding its portfolio of products, which currently includes payroll, tax and human capital management services for its corporate customers. Greenshades Software. The company said it will also be focusing on further growth and development.

B2B

PYMNTS

AUGUST 9, 2018

Small business software firm Womply is rolling out its cybersecurity solution designed to safeguard companies’ online presence, the company announced on Wednesday (Aug. more likely to expand staff and increase payroll, the company found. ” The tool is designed for U.S. Optimistic businesses are 3.5

Phishing

PYMNTS

MARCH 30, 2018

based startups dominated, with investors focusing on cybersecurity solutions and on startups that aim to streamline back-office functions. Cybersecurity. An undisclosed amount of Series C funding will help ZP Group, based in Virginia, focus on strategic investments to grow its cybersecurity offering. Employment Hero.

B2B

PYMNTS

OCTOBER 21, 2016

Plus, there was yet another appearance from an alternative SME lender (this time from the Philippines) and new financial backing for an SME banking disruptor and a payroll player. The startup offers services like credit and debit card processing for businesses, on top of its payroll and human capital management solutions. B2B Payments.

B2B

PYMNTS

AUGUST 10, 2018

Asia-Pacific and North American startups took the lead this week, with funding going to small business (SMB) accounting, payroll, B2B eCommerce and cybersecurity firms — just to name a few. Payroll is on a roll with investors , again. Take a look below at the full list of B2B startups that secured new funding this week.

B2B

PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K.

B2B

PYMNTS

FEBRUARY 24, 2020

2,100 corporates were targeted in a widespread business email compromise (BEC) scam recently uncovered by cybersecurity company Agari , the firm revealed last week. Reports in the Pittsburgh Post-Gazette said a former controller at the company has admitted to the theft by generating payroll checks to pay her own contracting company.

Business Email Compromise

The Fintech Times

FEBRUARY 22, 2024

A small retailer, for example, now can process payments and manage payroll, all from a single platform. Regardless of their position, every employee needs cybersecurity awareness training, including regular updates on the most recent threats and attack methods – which are becoming increasingly sophisticated.

Embedded Finance

PYMNTS

FEBRUARY 12, 2020

Another popular variation on BEC scams in 2019, according to the FBI, was the payroll diversion scam, where hackers use a spoofed or hijacked employee account to request that an employee’s direct deposit is routed to a new bank account, which usually ends up being a prepaid card that is emptied almost immediately after the deposit is made.

Business Email Compromise

Nanonets

FEBRUARY 8, 2024

QuickBooks Payroll Although it works automatically with QuickBooks, QuickBooks Payroll is a QuickBooks app that brings together payroll, HR, tax compliance, and health benefits – everything you need to make it through another payroll cycle. What can you do with QuickBooks Payroll and QuickBooks?

Payroll

PYMNTS

MARCH 31, 2016

But no matter what your business, you still need to manage basic payroll, legal resources and other tools…things that can increasingly be done over the Internet.”. Additional resources cover the gamut of online commerce and also (likely sorely needed) cybersecurity protection.

Small Business

PYMNTS

MAY 22, 2020

With pandemic lockdowns remaining in place, it’s no surprise that investors are interested in startups like Deel, a payroll FinTech for remote workers. Cybersecurity insurance startup Coalition secured $90 million in Series C funding, TechCrunch reported.

Finance

PYMNTS

DECEMBER 31, 2020

From the back-office bean counter to the overseer of cybersecurity and anti-money laundering (AML) compliance, the modern corporate treasury has undergone an extreme makeover in recent years that goes well beyond its historic roots in cash management. "If Disrupting Traditional Payroll For A New Economic And Global Normal.

Innovation

EBizCharge

OCTOBER 25, 2023

Thieves stole confidential computer equipment and gained access to payroll, Social Security, and banking information. Regular training and communication can reinforce the importance of cybersecurity and provide employees with the knowledge and tools they need to protect sensitive data.

Data Breach

PYMNTS

OCTOBER 25, 2019

Cybersecurity startup Firedome announced $10 million in new funding this week. The Software-as-a-Service startup, which targets startups and SMBs, integrates HR administration, payroll and health insurance solutions for clients. While investors did not disclose how much they placed with the FinTech, it all adds to the $54.3

B2B

PYMNTS

MAY 3, 2016

According to the cybersecurity firm FireEye, which is probing the bank heist, there has been “activity in other financial services organizations that is likely by the same threat actor behind the cyberattack on Bangladesh Bank.”. B2B payments and payroll were cited as two of the strongest use cases for Same Day ACH, NACHA said.

Same Day ACH