Penny Crosman is Executive Editor, Technology at American Banker and its publisher, Arizent. Prior to taking on this role, she was Editor in Chief of Bank Technology News. She has held senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise, Network Magazine and Imaging Magazine.
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To help people keep their card information safe when they shop online, a handful of fintech startups are following Apple Pay's example of keeping that information hidden, providing merchants with tokens instead.
August 9 -
West African fraudsters have been identified as the actors behind a worldwide email scam in which more than $60 million has been stolen from small and midsize businesses and their financial institutions.
August 4 -
The transactions look so ordinary that most banks' fraud filters aren't able to detect them. And the perpetrators aren't typical hackers they are middle-aged churchgoers who believe they are taking back what's rightfully theirs.
August 4 -
TouchID, facial recognition, behavior patterns, knowledge-based authentication, SMS codes the means of authenticating continue to proliferate. The smart minds in security have yet to settle on one which is the most effective.
August 2 -
Of the 10 fintech startups that pitched their wares at startupbootcamp FinTech New York on Wednesday, half plan to sell their software to banks. Only a few vie to take on established players.
July 21 -
Bank chief information security officers are increasing cybersecurity spending and focusing on mobile banking defense and regulators' cyber concerns, a SourceMedia Research survey finds.
July 19 -
David Saul, State Street's chief scientist, has completed a proof of concept for the Financial Industry Business Ontology, a standard way of expressing contract terms electronically. To him, it's a prerequisite for blockchain technology and smart contracts.
July 14 -
The director of innovation at ATB Financial explains why his bank became one of the first to send cross-border payments on the Ripple network, and whether this could be a plausible alternative to Swift.
July 12 -
The director of innovation at ATB Financial explains why his bank became one of the first to send cross-border payments on the Ripple network, and whether this could be a plausible alternative to Swift.
July 12 -
A centralized platform that validates loan and borrower data and tracks ownership of marketplace loans could prevent fraudulent activities and help investors regain confidence.
July 7
