Ferhan Patel

The financial technology, or FinTech, industry has been spreading over the course of the past decade, and it is only getting bigger. Using technology to organize and control finance used to be just an idea, but is now used by big banks and Wall Street firms. Banks have even begun investing in FinTech startups in order to get ahead of competitors, by receiving the latest innovative product before anybody else. Unfortunately, this explosion of FinTech in big banks and investment firms has made smaller companies struggle. However, that is beginning to change. Startup companies focused on FinTech are now seeking out smaller community banks that are thinking about going national. The banks want to become relevant in the digital age, and the startup companies want more business. Technically, this arrangement works for everyone. It is also arriving at a time in which the Federal Reserve is making decisions that will detrimentally affect small banks. The Federal Reserve wants to work on ...

Payza Helps Law Enforcement Kill a Worldwide Credit Card Fraud Ring LONDON and MONTREAL, Jun 19, 2013 (Marketwired via COMTEX) -- With Payza's help, law enforcement officials have identified and arrested 11 individuals in the UK, US and Vietnam, who have been accused of being responsible for a $200 million credit card fraud ring. This arrest is another victory in the coordinated worldwide crackdown on cybercrime. Law enforcement agencies around the globe are collaborating with financial and technology companies like Payza to identify cybercriminals, track their behaviors, and gather the evidence required for arrest and prosecution. "We have a long history of working with both local and international authorities to locate and shutdown fraud rings and the criminals behind them," said Ferhan Patel , Payza's Chief Compliance Officer and Director of Global Risk and Compliance, regarding the recent arrests. "That being said, this has been a very dynamic and exc...