PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Sometimes the cards are ancillary to a different criminal purpose.

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Cards Fraud Regional Training 109

NCR

JULY 13, 2017

Financial institutions should be braced for a tough fight against fraudsters this year, as they have been warned 2017 is set to be a record year for card fraud losses. For instance, it highlighted card skimming at ATMs or POS machines as an attack method that continues to be troublesome.

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Fraud Cards ATM Conference 55

PYMNTS

JUNE 16, 2016

Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot says in a new federal antitrust lawsuit. Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S. District Court in Atlanta.

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Security Cards Atlanta Fraud 100

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent. In the U.K.,

Fraud 101

Fraud Payments Data Cards 101

FICO

JUNE 29, 2017

FICO has just released an interactive infographic on European card fraud trends since 2006, showing that card fraud in the 19 countries studied has hit a new high of €1.8 In the UK, card fraud also a hit a new high in 2016, £618 million, though the rise was less than the rise from 2014 to 2015.

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Fraud Cards Analytics Trends 55

PYMNTS

MARCH 31, 2016

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. Other highlights from the survey include: Only 1.1%

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Fraud Online Resources Survey 100

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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Fraud Idaho Innovation San Francisco 100

PYMNTS

AUGUST 3, 2017

Back in 2004, fraud was on the rise globally. Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few.

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Fraud Payments Security Data 123

PYMNTS

JULY 30, 2019

Such tools are no longer at the far reaches of the universe, and today’s technologies would make the Enterprise’s crew feel right at home. Wingstop, a fast-casual buffalo wings chain with 1,031 locations worldwide, tends to be an early adopter for new technologies. Orderscape is also working on voice-activated ordering technologies.

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Technology Mobile Google Software 119

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. The shift to e-commerce CNP fraud.

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Fraud Cards Security US 84

Banking 2020

OCTOBER 9, 2015

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels. cents the year previously, and significantly higher than the less than one cent per $1,000 registered for cheque fraud. How can CNP fraud be prevented?

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Fraud Cards Security System 40

PYMNTS

NOVEMBER 16, 2016

Unless it’s fraud you are talking about. At the end of 2014, the average U.S. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of this year. Fraud attempts show that $7.30 The data is sobering.

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Fraud Retail Online Data 100

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Verizon Debuts Visa Credit Card With Rewards. Plus, Amazon’s Big Style Sale runs this week.

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Payments Survey Innovation Fraud 159

FICO

MARCH 29, 2017

The latest fraud news from the FICO ® Card Alert Service , which monitors hundreds of thousands of ATMs and other readers in the US, is bad. In fact, it’s doubly bad: The number of payment cards compromised at U.S. The number of hacked card readers at U.S. ATMs and merchants monitored rose 70 percent in 2016.

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ATM Fraud Cards Payments 40

PYMNTS

AUGUST 24, 2020

Automated teller machines (ATMs) are a crucial piece of technology offered by nearly every financial institution (FI), allowing customers to check account balances and withdraw cash at any time of day without having to visit a physical branch. Identity fraud is also a massive threat to ATM security, Powers said. The Advantages Of ITMs.

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ATM Fraud Security Video 154

PYMNTS

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. As regards legacy payroll processing software — a notorious weak link in today’s tech stack — alternative payroll methods have technological cleverness and sheer utility. based organizations, 41.2

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System Management Tools Cards 165

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

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Fraud Security Resources Survey 148

NCR

AUGUST 30, 2016

Biometrics, Geolocation and the Blockchain are technologies ripe for deeper implementation within financial apps. However, I believe that the blockchain and a combination of geolocation and advances in biometric technology can be used to better bank customers’ user experience. Go through a fraud check. Imagine this.

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Technology blockchain User Experience Fraud 53

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015.

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ATM Fraud US Cards 40

PYMNTS

JULY 15, 2019

Some of the most popular targets include the challenge of reconciling and analyzing driver spend, or mobilizing fleet cards to support the transient nature of the fleet driver’s profession. As far as the payments pay points themselves and how drivers pay for their fuel, I don’t think that’s a huge impediment for drivers right now.”.

Payments 143

Payments Cards Industry Pennsylvania 143

NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 billion ‘chip-and-pin’ cards when the data was collected, and 35.8

Cards 75

Cards Regional National America 75

Banking 2020

AUGUST 27, 2015

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. per cent of worldwide plastic card losses – including credit, debit and prepaid cards – took place in the US, amounting to $7.86

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Fraud US Cards National 40

FICO

APRIL 8, 2016

The FICO® Card Alert Service has just released some startling stats: The number of ATMs in the US compromised by criminals rose 546 percent in 2015 over 2014. The biggest targets were non-bank ATMs, such as those in convenience stores, where 10 times as many machines were compromised as in 2014. Interested in more?

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ATM Fraud US Cards 40

PYMNTS

MARCH 30, 2016

percent indicated the use of mobile payments — widely considered to be the best defense against fraudsters — as the payment method most often used to pay for purchases, while almost 61 percent and 29 percent said they primarily use debit cards and credit cards, respectively. has been a big rise in online fraud.”

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Security Fraud Cards Online 100

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. Home Depot’s 2014 data breach at stores in the U.S. Home Depot – Another EMV Lawsuit Joins The Party .

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Retail Cards Data Atlanta 100

PYMNTS

APRIL 18, 2019

That country enforced a similar regulation in 2014, and businesses reported a subsequent overnight conversion drop of more than 25 percent due to the extra payment steps required. SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure.

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Fraud Regulation Compliance Online 148

Gonzobanker

NOVEMBER 18, 2014

Favorite Gonzo quote of the event: “For 16 years, we’ve said our technology sucks … because it’s never good enough.” Pointing to creating sales opportunities with branch traffic declines, Verba talked about the power of instant issue/replacement debit cards and 1 million gift cards issued a year.

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Chicago Retail Branch Design Training 97

NCR

SEPTEMBER 7, 2016

Fraud continues to be a significant challenge for the financial services industry. Statistics from Synergistics showed 53 per cent of internet households that responded to an online poll reported they had previously suffered identity theft or fraud. The organization claimed fraud has risen 71 per cent over the last decade.

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Fraud Cards Study Software 40

CFPB Monitor

MAY 12, 2021

The Durbin Amendment (Section 1075 of Dodd-Frank) authorized the Fed to issue regulations to ensure that the amount of any interchange fee received by a large debit card issuer (one with at least $10 billion of assets, together with its affiliates) is reasonable and proportional to the cost incurred by the issuer. In 2014, in NACS v.

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North Dakota Cards Regulation Fraud 78

PYMNTS

MAY 13, 2020

Visa said Wednesday (May 13) that 28 new partners — spanning a range of gateway acquirers and technology partners — are joining Visa Token Service as credential on file token requestors. The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors.

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Security Cards Payments Data 250

FICO

MARCH 27, 2017

Four years ago, we at FICO started saying it’s time for banks to upgrade fraud protection in their retail banking departments. As a company, we are pioneers in using AI and behavioral analytics to fight fraud. Get a more holistic view of the customer: FICO Falcon is well known as a leading solution in the payment card fraud area.

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Fraud Compliance Cards Payments 40

PYMNTS

JUNE 22, 2016

In what is being considered the country’s biggest class-action lawsuit to date, the watchdog claims DNB charged customers roughly six times more to manage their funds over the course of 2010–2014, the Financial Supervisory Authority and the Norwegian School of Economics and Business Administration stated. District Court in Atlanta.

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Atlanta Security New York Cards 101

NCR

JULY 18, 2016

Card skimming continues to be a major problem for financial institutions (FIs) and consumers. Despite advances in technology, criminals still find innovate new ways to circumnavigate security measures and exploit the magnetic stripes on cards. Deploy anti-skimming technology . Here are some of the most common options.

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Cards ATM Fraud Security 40

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down.

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Fraud Las Vegas Company Video 78

PYMNTS

OCTOBER 10, 2018

In the battle of the payment rails, a few technologies tend to dominate the conversation. When it comes to business-to-business (B2B) transactions, paper checks are often the villain, cards an expensive but quick underdog, and ACH and its non-U.S. Thieves attempted to steal $5.3

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Fraud Compliance Innovation Payments 116

FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Here were the top 5 posts of 2017 in the Fraud & Security category: AI Meets AML: How the Analytics Work. Hacked ATMs Lead to 70% Rise in Debit Card Fraud. Read the full post.

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Meeting Fraud Security ATM 53

PYMNTS

JUNE 7, 2017

The latest Expectations & Experiences consumer trends survey from Fiserv , a leading global provider of financial services technology solutions, finds that consumers are paying more bills from mobile devices while slowly starting to venture into digital wallets.

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