Search Results for: financial fraud

Advanced Fraud Solutions Issues New Report on the Rise of Mobile Deposit Scams
Fintech Mobile Banking News Risk Management

Advanced Fraud Solutions Issues New Report on the Rise of Mobile Deposit Scams

Fintech News Desk
by Fintech News Desk0
Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced the release of a new report, Beware of Mobile Deposit Scams, on how the increasing adoption of mobile banking has created new opportunities for fraud. The paper explores in detail how fraud operators use mobile deposits as......
Wind River Financial is Named Preferred Integrated Payments Partner for Bay Lakes Information Systems
Fintech News

Wind River Financial is Named Preferred Integrated Payments Partner for Bay Lakes Information Systems

Fintech News Desk
by Fintech News Desk0
The new partnership streamlines payment operations and delivers an all-in-one integrated payment solution to Bay Lakes’ customers. Wind River Financial, a payment processing company based in Madison, Wisconsin announced today that it has been selected by fellow Wisconsin company, Bay Lakes Information Systems, to provide payment processing services to its......
Redd Announces New Vision, Rebrand as a Source of Global Change for Good
Fintech News

Prepaid Cards Play Important Role in Improving Financial Inclusion for Individuals and Businesses Alike, According to Experts at KBL Holdings

Fintech News Desk
by Fintech News Desk0
The numbers don’t lie. The global market for prepaid cards is expected to reach $3.1 trillion by 2022. The FDIC meanwhile estimates that approximately 51 million Americans who have a bank account supplement that with financial services like a prepaid Visa and Mastercard. And the number of consumers who use......
Anglian Water Launches its Digital Transformation with Bottomline
Banking Fintech News

Bottomline Launches Confirmation of Payee to Stop Payment Fraud and Error

Fintech News Desk
by Fintech News Desk0
Bottomline, a leading provider of financial technology that makes business payments simple, smart and secure, today announced the latest cloud-based Confirmation of Payee (CoP) service for UK based banks. Read More: Four Benefits of Buy Now Pay Later for Ecommerce Retailers The new overlay service became mandated by the UK’s......
Ondot’s Card Management Platform Now Offers Digital Issuance Capability
Fintech News

Ondot’s Card App Adopted by Leading Financial Institutions as Platform to Manage Digital Credit and Debit Cards

Fintech News Desk
by Fintech News Desk0
Ondot Systems, the digital card services platform for credit and debit issuers, announces it has been selected by 11 card issuers to modernize their credit and debit card portfolios using the company’s Card App. Read More: Vitesse, a Fintech Providing Real-Time Cross-Border Payments for Businesses, Scores £6.6m Series A Card......
Shift Technology to Support Fraud Detection and Subrogation Initiatives for Central Insurance
Artificial Intelligence Fintech InsurTech News

Shift Technology to Support Fraud Detection and Subrogation Initiatives for Central Insurance

Fintech News Desk
by Fintech News Desk0
Company’s Force Technology Solution to Provide AI-based Insurance Decision Science to Key Claims Processes Shift Technology, a provider of AI–native fraud detection and claims automation solutions for the global insurance industry, and Central Insurance today announced that Shift will support Central Insurance’s fraud detection and subrogation initiatives. As a result,......
H&R Block Study Reveals Majority of Small Business Owners Need Personal Advice to Recover from Pandemic
Fintech Startups News

H&R Block Adds Chief Product and Experience Officer and Chief Financial Services Officer to Its Senior Leadership Team

Fintech News Desk
by Fintech News Desk0
H&R Block (NYSE: HRB) today announced that Julius Lai and Les Whiting have joined the company as chief product and experience officer and chief financial services officer, respectively, and will be members of the company’s senior leadership team reporting directly to President and Chief Executive Officer Jeff Jones. Lai will......
Cashfloat Reports an Increase of Over 270% in Loan Fee Fraud Attempts Since the Start of COVID-19
Fintech News

Cashfloat Reports an Increase of Over 270% in Loan Fee Fraud Attempts Since the Start of COVID-19

Fintech News Desk
by Fintech News Desk0
Cashfloat.co.uk, one of the UK’s leading online unsecured direct lenders, reported a record increase of over 270% in loan fee fraud attempts since the start of the coronavirus pandemic, with an average loss of £250 per victim. Read More: TeamMate+ global expert solution from Wolters Kluwer named finalist in 2020 SaaS......
Fintech News

Millennials and Gen Xers Shaping the Future of Financial Planning by Establishing New Norms with Financial Professionals

Fintech News Desk
by Fintech News Desk0
According to a new study from AIG Life & Retirement and the MIT AgeLab, financial clients are expressing a willingness and desire to step beyond traditional conversational boundaries with their financial professionals. This is particularly apparent with younger clients between the ages of 30 and 45 who indicate the most......
TransUnion Unveils Simpler Income and Employment Verification Process
Fintech News

As Businesses Reopen Physical Locations, New TransUnion Research Shows Fraudsters Decrease Online Schemes Against Companies

Fintech News Desk
by Fintech News Desk0
Conversely, consumers targeted by digital COVID-19 fraud increased from early in the pandemic TransUnion’s (NYSE: TRU) latest quarterly analysis of global online fraud trends found that fraudsters are decreasing their schemes against businesses, but increasing COVID-19 focused scams against consumers online. TransUnion came to its conclusions about fraud against businesses......
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