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Interac broadens access to the Interac e-Transfer® service

Retrieved on: 
Wednesday, September 27, 2023

TORONTO, Sept. 27, 2023 /CNW/ - Today, Interac Corp. (Interac) announced that it has broadened access to additional types of financial institutions for participation in the Interac e-Transfer® service.

Key Points: 
  • TORONTO, Sept. 27, 2023 /CNW/ - Today, Interac Corp. (Interac) announced that it has broadened access to additional types of financial institutions for participation in the Interac e-Transfer® service.
  • Wealthsimple, a leading Canadian provider of digital financial services, has received provisional approval to join the Interac e-Transfer service as a participant.
  • "I'm thrilled to accelerate our impact in the market by broadening access to the Interac e-Transfer service to an expanded category of financial institutions," said Jeremy Wilmot, President & CEO at Interac.
  • Since the launch of the Interac e-Transfer service, federally regulated banks and provincially regulated credit unions have been eligible for participation in the service.

ACAMS The Assembly Las Vegas Brings Together More than 130 Experts to Fight Crypto Crime, Money Laundering, Sanctions Evasion, and the Abuse of AI

Retrieved on: 
Monday, August 28, 2023

WASHINGTON, August 28, 2023 /PRNewswire/ -- ACAMS, a leading membership organization dedicated to supporting anti-financial crime (AFC) professionals around the world, is pleased to announce that its flagship Las Vegas conference is back and bigger than ever. Beginning on October 2nd, attendees of The Assembly Las Vegas conference will hear AFC guidance on the most urgent financial-crime threats and challenges facing the private sector today, including a deep dive into the compliance obligations raised by ransomware attacks, case studies on recent large-scale healthcare and crypto frauds, and a look at the evolving sanctions risks related to the international expansion of Russia's paramilitary unit The Wagner Group.

Key Points: 
  • The Assembly Las Vegas is more than a unique three-day event designed to educate and upskill participants engaged in AFC work.
  • This year, we will also be presenting Lifetime Achievement awards to three pioneers of the AFC sector."
  • Whether they're attending in-person or virtually, participants will be able to view panels in real-time or watch on-demand content that will be made available for 90 days following the conference.
  • The complete program for The Assembly Las Vegas can be found here .

SmartCard Marketing Systems Inc. (OTCQB:SMKG) Announces Its Platforms as a Service Digital Strategy #PAAS & #PPAAS White Label Licensing Offerings

Retrieved on: 
Tuesday, June 27, 2023

NEW YORK, NY, June 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - SmartCard Marketing Systems Inc (OTCQB:SMKG) is fortifying its global offering of Multi-tenant Platforms and Super APPs embedded with a robust suite of Paytech, AI and Blockchain utilities and protocols to deliver analytical and extensive functionality to its customers. This global market opportunity caters to Acquirers, Issuers, PSPs, MSBs, Open and Closed Loop Card Schemes and now Blockchains alongside Crypto initiatives for interoperability with Payment Networks, Gateways and Digital Token/Crypto Exchanges. Furthermore, the company has its AI strategy with its very own proprietary Chatbot AI Abotslife, which adds fundamental value and task automation to the complete mix of interoperability with payment transactions and risk monitoring.  

Key Points: 
  • *The company SMKG highlights its Platforms as a Service #PAAS technology portfolio of Commerce Strategies in Paytech, Fintech, AI and Blockchain Digital Solutions.
  • This global market opportunity caters to Acquirers, Issuers, PSPs, MSBs, Open and Closed Loop Card Schemes and now Blockchains alongside Crypto initiatives for interoperability with Payment Networks, Gateways and Digital Token/Crypto Exchanges.
  • Dharmesh Vora, President of Enterprise at SMKG stated, “It is very clear that Paytech vs taking Payments is a requirement, not just a want on a wish list.
  • And finally, are there effective cybersecurity and fraud prevention controls?”

ACAMS FinTech and Crypto Summit Takes Aim at Financial Crime with Expert Speakers from SEC, NYSDFS, and More

Retrieved on: 
Wednesday, June 14, 2023

WASHINGTON, June 14, 2023 /PRNewswire/ -- To help anti-financial crime (AFC) professionals navigate the perils and promises of technology in the fight against illicit finance, ACAMS will host a special training and networking event for its 4th FinTech and Crypto Summit. Beginning on June 27th, attendees of this Austin, TX-based event will learn the latest industry guidance on a broad array of AFC issues, including practical takeaways on complying with evolving federal and state regulatory priorities, strategies to identify peer-to-peer fraud via payment apps, and mitigating terrorism-financing and sanctions-evasion risks linked to digital assets and blockchain technology.

Key Points: 
  • "As FinTech firms and cryptoasset companies continue to drive change in the financial sector, it's critical that they understand evolving AFC regulations and rising industry expectations in the fight against illicit finance," said ACAMS CEO Scott Liles.
  • "The ACAMS FinTech and Crypto Summit is a platform for the best and brightest in this space to share their compliance recommendations and drive public- and private-sector dialogue that can ensure the sector not only weathers economic downturns but thrives in the years ahead."
  • "Whether you're researching the hurdles of obtaining a FinTech bank charter, assessing the lessons of recent scandals in the crypto sector, or seeking to understand the impact of recent innovations in artificial intelligence, this event offers practical steps on your path to success," he said.
  • Find out more about the ACAMS FinTech and Crypto Summit, including how to register, here: https://www.acams.org/en/events/conferences/acams-fintech-crypto-summit
    Members of the media who wish to attend in person, can email their request directly to Lashvinder Kaur at [email protected] .

Ncontracts Congratulates David Hales, Chairman and CEO of Global Innovations Bank, For Being Named an Innovator of the Year Finalist by American Banker

Retrieved on: 
Wednesday, June 7, 2023

Ncontracts congratulates David Hales, Chairman and CEO of Global Innovations Bank, for his selection as a finalist for American Banker’s Innovator of the Year .

Key Points: 
  • Ncontracts congratulates David Hales, Chairman and CEO of Global Innovations Bank, for his selection as a finalist for American Banker’s Innovator of the Year .
  • Since purchasing Global Innovations Bank in 2018, Hales has grown assets from $18 million to $50 million.
  • To support efforts, Global Innovations Bank partnered with Ncontracts for risk management and compliance oversight as its fintech business grows.
  • With Ncontracts, Global Innovations Bank has been able to align its fintech banking program with the ever-changing regulatory environment.

Socure Named a Leader in Inaugural Identity Verification Solutions Report by Independent Research Firm

Retrieved on: 
Thursday, December 15, 2022

Socure , the leading provider of digital identity verification and fraud solutions, today announced it has been named a Leader in The Forrester Wave: Identity Verification Solutions, Q4 2022 , an inaugural report published by Forrester Research.

Key Points: 
  • Socure , the leading provider of digital identity verification and fraud solutions, today announced it has been named a Leader in The Forrester Wave: Identity Verification Solutions, Q4 2022 , an inaugural report published by Forrester Research.
  • Forrester evaluated 12 of the top identity verification vendors based on 22 criteria, in the categories of current offering, strategy, and market presence.
  • We're very proud to be recognized as a Leader in Forrester's first Wave for identity verification, said Johnny Ayers, founder and CEO of Socure.
  • Leading brands have standardized on Socures identity verification and fraud platform including Chime, SoFi, Robinhood, Gusto, Public, Stash, and DraftKings.

Socure Ranked as One of the Fastest-Growing Tech Companies in North America on the 2022 Deloitte Technology Fast 500 for the Third Consecutive Year

Retrieved on: 
Thursday, November 17, 2022

Now in its 28th year, the Deloitte Technology Fast 500 is a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.

Key Points: 
  • Now in its 28th year, the Deloitte Technology Fast 500 is a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America.
  • Inclusion in the prestigious Fast 500 rankings is the most recent example of industry leadership recognition for Socure.
  • Last month, the company earned a spot on CB Insights Fintech 250 , a ranking of the most innovative financial technology companies.
  • Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companiesboth public and privatein North America.

Nacha Names Socure as a Preferred Partner for Compliance/Risk and Fraud Prevention

Retrieved on: 
Tuesday, November 8, 2022

HERNDON, Va., Nov. 8, 2022 /PRNewswire-PRWeb/ -- Socure is now a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention.

Key Points: 
  • Socure is now a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention.
  • HERNDON, Va., Nov. 8, 2022 /PRNewswire-PRWeb/ -- Socure is now a Nacha Preferred Partner for Compliance/Risk and Fraud Prevention.
  • In becoming a Preferred Partner, Socure joins a select group of innovators recognized for offering products and services that align with Nacha's core strategies for advancing the ACH Network.
  • "As our newest Nacha Preferred Partner, Socure joins the community supporting a thriving ACH Network."

Socure Launches New Account Validation Solution

Retrieved on: 
Tuesday, November 1, 2022

Socure , the leading provider of digital identity verification and fraud solutions, today announced it has entered the payment risk space with the introduction of its newest product, Socure Account Intelligence .

Key Points: 
  • Socure , the leading provider of digital identity verification and fraud solutions, today announced it has entered the payment risk space with the introduction of its newest product, Socure Account Intelligence .
  • What differentiates Socure Account Intelligence, is that the results are delivered in real time, and with the highest account coverage in the market, as opposed to competing micro-deposit solutions, which can take days, resulting in significant consumer drop-off.
  • Socure Account Intelligence also processes with minimal data inputs (name, account, and routing number), versus credentialing solutions, which require consumer disclosure of sensitive account login credentials.
  • Not only does Socure Account Intelligence support this rule, it also confirms that the consumer/business named is the rightful owner of the bank account.

Socure Partners with Carahsoft to Provide Public Sector Agencies with the Industry’s Leading Identity Verification Solution in Accuracy and Inclusion

Retrieved on: 
Monday, October 31, 2022

Over the last two years, bad actors and criminal networks have launched targeted attacks against Public Sector agencies at all levels of Government, costing taxpayers billions.

Key Points: 
  • Over the last two years, bad actors and criminal networks have launched targeted attacks against Public Sector agencies at all levels of Government, costing taxpayers billions.
  • Using machine learning and artificial intelligence (AI), Socure enables Public Sector agencies to modernize their approach to identity verification and obtain highly accurate, automated decisions.
  • Socures machine learning and AI approach has created an accurate and inclusive model for identity verification in a zero-trust world, said Steve Jacyna, Director of Emerging Cyber Solutions at Carahsoft.
  • Fraud should no longer be accepted as the cost of doing business in the Public Sector, said Matt Thompson, General Manager of Socures Public Sector business.