Deutsche Bank reportedly found failings in its cheque screening processes
Deutsche Bank has reportedly found ‘serious failings’ within its payments screening and AML procedures.
Allied Wallet settles $110m charge from the US Federal Trade Commission
Payment processor Allied Wallet has settled the $110m charge against the company which had been filed by the US’ Federal Trade Commission (FTC).
Privitar bags $40m Series B led by Accel
Data privacy company Privitar has bagged $40m in its Series B funding round which was led by global venture capital firm Accel.
Sequent, TIS selected to provide unnamed Japanese bank with secure payments
Sequent, a digital ID platform, and payment processor TIS have been chosen by an unnamed Japanese ‘megabank’ to supply secure mobile payments.
Ordo partners with CGI to release payment solution with lower fraud risk
Online payment company Ordo has partnered with business consultant CGI to improve transparency of transactions and increasing protections from fraud.
IDEX Biometrics partners with Tongxin Microelectronics to create biometric card
IDEX Biometrics fingerprint identification and authentication solution builder, is collaborating with Tongxin Microelectronics (TMC) to create a biometric card.
Featurespace to deploy fraud prevention solution to retail bank Permanent TSB
Featurespace, a behavioural analytics platform for fraud and risk management, has partnered with retail banking company Permanent TSB.
Over 50% of consumers fear using biometrics for online payments
More than half of consumers are worried about shifting to biometrics for authenticating online payments, a study from Paysafe claims.
Biometric technology builder ID R&D closes Series A round on $5.7m
ID R&D, a builder of AI-based voice and behavioural biometrics technology, has closed its Series A round on $5.7m.
Deutsche Bank reportedly fails to report suspicious transactions involving Donald Trump
Deutsche Bank has come under fire for failing to inform federal financial crime watchdogs in regard to suspicious transactions involving Donald Trump and his son-in-law Jared Kushner.