PYMNTS

OCTOBER 24, 2019

A new survey has found that the biggest obstacles hindering online retailers from doing business abroad is fraud prevention, and currency and payment processing. and more than half of online shoppers have already purchased goods outside their country. However, the survey reported that less than half of U.S.

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PYMNTS

DECEMBER 1, 2017

Here’s a nice change of pace going into the weekend: It looks like online fraud did something unsual for Black Friday this year. For the first time in several years, credit card fraud (the most common fraud form factor for retailers online) fell to 42 percent of total fraud during the holiday shopping weekend.

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PYMNTS

OCTOBER 1, 2020

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. In June, Visa signed an acquisition agreement with Verifi.

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PYMNTS

APRIL 12, 2017

The need for online retailers and brands to be vigilant in the face of fraud becomes more pressing by the day — but additional authentication measures can create friction on the consumer’s end, which has a nasty habit of reducing conversion rates.

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PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. The Future of Email Verification.

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PYMNTS

AUGUST 3, 2017

Turns out Everlast, perhaps the marquee name in boxing equipment, was punching above its weight … at least when it came to the fight against online fraud. Picture an 107-year-old retail juggernaut, iconic in name but perhaps a bit dated in business processes, battling against online scammers, chargebacks and general inefficiencies.

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PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

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Payments Dive

SEPTEMBER 25, 2018

Online fraud is becoming more and more sophisticated. One of the results of this arms race is the recent surge in ATO – account takeover – attacks, a form of fraud which is particularly difficult to detect. In 2017, ATO led to $5.1 billion in losses, a staggering 122% increase over the $2.3 billion lost in 2016.

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PYMNTS

FEBRUARY 15, 2017

Signifyd Vice President of Partnerships Skye Spear predicted that within three years merchants won’t be on the hook for credit card fraud online thanks to companies like Signifyd that use real-time machine learning to prevent fraudulent transactions from going through. Signifyd charges about 1 percent of the order for its protection.

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PYMNTS

JUNE 22, 2020

It’s the battle against fraud that can be lost right at the beginning. Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. alone topped $10.2 billion last year. alone topped $10.2

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PYMNTS

JANUARY 21, 2020

Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. Some industries are more prone than others, as we discovered in the latest Fraud Decisioning Playbook , a PYMNTS and Simility collaboration.

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PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

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PYMNTS

JULY 3, 2020

FIs confronting this new reality have worked hard to redesign their fraud-fighting approaches to suit the new commercial landscape. . You’re really wanting to start with almost a brand new transaction history.” . Defending Agains Fraud During Periods Of Reopening .

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PYMNTS

SEPTEMBER 30, 2019

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

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PYMNTS

OCTOBER 14, 2020

Fast food giant Burger King is also exploring alternative ordering options, including a brand-new restaurant concept. Online restaurant supplier Rebel Foods has deployed machine learning to enhance its order forecasting ability, for example, which allows it to determine which food items to deliver to restaurant kitchens.

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PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. In a new PYMNTS interview, Tricia Phillips, SVP of product at Kount , discussed the fraud trends for the upcoming fourth quarter. Fraud Headstart.

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PYMNTS

JULY 15, 2020

Another involves heightened fraud vectors swimming like sharks around digital-first first-timers. The July 2020 Mobile Order-Ahead Tracker® done in collaboration with Kount shows that online orders are positively booming, but not all of that activity is good. Loyalty and fraud know each other, by the way. Defending Trust.

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PYMNTS

DECEMBER 13, 2019

Enter the platforms, complete with algorithms and tools to discover and price-compare any experience or item that can be booked or rented online. They are also arbiters of CX, so online marketplaces have to provide not just delightful prices, but also actual in-app delight. This is perhaps most prevalent in the travel space.

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PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. As digital migration accelerates, managing authentication and online fraud while optimizing the consumer's experience has become one of our customers' top challenges,” Equifax CEO Mark W.

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PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

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PYMNTS

FEBRUARY 26, 2019

As the mobile app space gets more saturated, most brands are leaning hard on their loyalty and rewards programs for a boost. Take coffee chain Starbucks , and how focus on its mobile app and Starbucks Rewards program led to the largest growth the brand has seen for its mobile usership in a three-year period.

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Fraud Mobile Branding User Experience 186

PYMNTS

MAY 19, 2020

based in Sao Paulo, inadvertently left hundreds of gigabytes of its customers’ personal and payment-related information publicly available online. The leaked information also includes online payment account details with access for nearly 40,000 wirecard.com.br The Brazil cosmetics company that bought Avon Products Inc. Natura & Co.

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PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? The site said that the sophisticated emails had sported the American Express icons, official colors of the brand and also had asked for specific and personal data.

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Fraud Payments Security System 180

PopularBank

DECEMBER 1, 2021

Costs of paying by mail vs. online and mobile banking. Some risks are unavoidable, but there are ways to lower the financial impact and reputational risk of fraud, and to measure and reduce its impact. Fraud can be analyzed two ways. The first is the likelihood of the fraud occurring. And the reason is clear: convenience.

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PYMNTS

MARCH 12, 2020

Each sector and country encounters different fraud types that providers must be ready to detect and thwart. These concerns are a focus for Global Payments, a worldwide payments processor that includes eCommerce payment processing brands eWay and Ezidebit in Australia and New Zealand. Understanding The Merchant Sector.

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PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

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Perficient

AUGUST 1, 2022

Adam Caplan, Salesforce’s Senior Vice President of emerging technology, explained said that the software targets brands who want to drive engagement and provide their customers with special event access via NFTs rather than sell works of art.

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PYMNTS

JANUARY 28, 2020

Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power. The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration. million per incident.

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PYMNTS

NOVEMBER 19, 2019

The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence (AI) and machine learning to fight back. In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation.

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Fraud Digital Banking Innovation Data 109

PYMNTS

JULY 5, 2017

Fraud is like gluten. Most organizations have resigned themselves to the fact that, despite their defenses, fraud is just a part of doing business. But fraud costs an average of 7.5 But alongside all of that opportunity comes risk of fraud.”. There was an eternal perception about the way to approach fraud,” said Byrnes.

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PYMNTS

AUGUST 20, 2020

online customers have been targeted by COVID-19-related fraud, with phishing scams emerging as the top way these bad actors are attempting to gain access to their victims’ personal data. New Payment Trends And The Growing Costs Of Fraud . A recent study found that 32 percent of U.S. and the U.S. — In the U.K.,

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Data Fraud Regulation Online 289

PYMNTS

JUNE 5, 2020

And the field of targets is richer and wider than ever, as merchants have expanded their digital presence to meet a new crop of consumers making their initial steps into online commerce. Consumers are buying online products that they didn’t buy online before. Now, consumer preference is shifting toward digital payments.

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PYMNTS

DECEMBER 11, 2020

Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. Australian consumers like going to the store more than consumers in other countries, even though they find it less satisfying than shopping online. eBay: Offline Payment Preferences Are Changing Online Habits .

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PYMNTS

JANUARY 29, 2019

Which brands will blow it? For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. First, a review and update about the online sports gambling situation in the U.S. More about that in just a bit, though.

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PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. The changes also include enhanced fraud protections for merchants. Some critics note that increased customer convenience will likely lead to growth in the number of online transactions. s upgrades, however.

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PYMNTS

OCTOBER 11, 2017

lags behind other countries that have already adopted EMV card standards (so far, there are around 80 in total), it is only just beginning to see what those 80 other countries have already realized: As commerce moves online, so does crime. Digital goods and online markets are still in their early days, believe it or not. Since the U.S.

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Online Fraud Retail Cards 111

PYMNTS

OCTOBER 3, 2019

Paper checks are thriving in the online rebates world, though, despite consumers growing more familiar with options like one-click ordering. Checks are both slow and costly, but they still make up 75 percent of payments sent by online rebate sites. Online Disbursements And Why Checks Are Still Hanging On.

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