PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

Analytics 116

Analytics Data Fraud Tools 116

PYMNTS

DECEMBER 31, 2019

As has been documented here, fraudsters always look for the path of least resistance , and taking bits and pieces of disparate information can help them stitch together new personas that go on to drain accounts, take out loans, and even establish entire credit profiles that can exist for years. Separately, around 11.9 Separately, around 11.9

Data 145

Data social media Security Report 145

FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

Fraud 40

Fraud Analytics social media Data 40

FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

Fraud 40

Fraud Analytics social media Data 40

Abrigo

SEPTEMBER 18, 2020

Key Takeaways FinCEN has released three COVID-19-related advisories that remind financial institutions to stay alert to increasing fraud trends. Adjust your scenario thresholds and ensure your front line staff is aware of these fraud red flags to help detect and deter COVID-19-related fraud.

Fraud 195

Fraud Trends social media Regulation 195

PYMNTS

APRIL 19, 2019

As noted in this space this past week, SCA has goals that are laudable by any measure, as the SCA requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. Card giant Mastercard has estimated that just 25 percent of those in Europe are actually fully aware of SCA.

social media 125

social media Online Regulation Taxes 125

Qudos Bank

FEBRUARY 15, 2024

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. Visit our Fraud & Security hub to explore our extensive resources and find out how you can protect yourself.

cryptocurrency 52

cryptocurrency social media Online Security 52

Tomorrow's Transactions

DECEMBER 28, 2016

Electoral fraud isn’t a huge problem in the United Kingdom but it does happen, and it looks as if it’s been happening with increasing frequency in certain areas. From Voters will have to show passports to combat voter fraud in ‘vulnerable’ areas with large Muslim populations. And, as it happens, in my own dear Woking.

Fraud 42

Fraud National social media Maine 42

Qudos Bank

MAY 17, 2023

Phishing scams are usually enacted through email, social media or via SMS, and involve scammers using messages with malicious links designed to steal your usernames, passwords and other sensitive information. Visit our Fraud & Security hub to explore our extensive resources and find out how you can protect yourself.

cryptocurrency 40

cryptocurrency social media Online Security 40

PYMNTS

AUGUST 5, 2016

Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. So, we all know this – chip cards were not going to fix the problem of fraud at the POS. This is a sizzle for everyone since it removes a ton of friction. Unencrypted POS Data.

Bitcoin 100

Bitcoin Payments Samsung social media 100

William Mills

MAY 10, 2016

One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. Qumrum allows banks to actually document customer interactions online. Kofax can do background search of other documents to help verify bank customer identities. Why send a digital or virtual card?

San Jose 40

San Jose Customer Experience Mobile social media 40

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Here’s another solution for document management and origination. ^SR. From their website: ShortSave helps servicers help borrowers — without red tape, phone calls, or additional documentation. Can add loan documents with image capture via phone.

Video 40

Video Mobile social media Analytics 40

CFPB Monitor

JUNE 26, 2022

Similarly, the Federal Trade Commission reports that older adults account for 35 percent of the victims associated with filed fraud reports when a consumer has provided an age. Reference supporting documentation, including any photos or video footage, in the narrative. billion in 2019 to $3.4 billion in 2020. Theft and Scams.

social media 78

social media Fraud Resources United States 78

South State Correspondent

AUGUST 1, 2022

Your strength is your data, and your success comes from defending your data and applying your data at various angles – to credit, fraud, marketing, and understanding both your employees and customers. When it comes to future success in data management in banking, the same rules apply. The problem is threefold. What Are Data Lake Houses?

Data 195

Data Tools Management Analytics 195

William Mills

MAY 11, 2016

Going to speak about technology can be better used in the card world. Card-linking – link to Facebook, BofA, other so you can get a targeted real-time discount offer. For investors, they pre-populate legal investment subscription documents. This is a very sophisticated fraud detection technology! ^SR. FundManger.io

Video 40

Video Lending social media Analytics 40

FICO

JULY 7, 2020

While we’ve seen it take some unexpected turns, like the surge of pet adoption scams , where criminals prey on the desire to adopt a furry friend while under quarantine, there are other kinds of fraud that we have come to know and expect from criminals. At FICO, part of our core mission is to keep people safe from fraud. every month.

social media 97

social media Resources Fraud Examples 97

William Mills

SEPTEMBER 9, 2016

I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. You can look at life events such as marriage, credit card, new job, etc. Addresses compliance, fraud experience and customer experience analytics. I need to learn more. Larger banks want an API and dig-down.

social media 40

social media ATM Mobile Customer Experience 40

CB Insights

APRIL 10, 2019

Face scanning helps to prevent fraud by eliminating the need for a PIN or even a card swipe, both of which are susceptible to being stolen. Social Media/Entertainment. Customs officials say that these cameras have a 99% accuracy rate, as they compare photos of people’s faces on file from official government documents.

Industry 78

Industry Examples Security Technology 78

PYMNTS

NOVEMBER 16, 2018

All the data submitted and left behind online by users serves to give software ever-more information about how specific consumers browse, shop, buy, pay and transact (all of which go a long way to helping prevent fraud, of course). percent use the tech to fight internal fraud. That’s the promise. The report found that 81.8

Fraud 108

Fraud United States Data Technology 108

PYMNTS

APRIL 11, 2017

In an age where credentials are lifted and bartered and sold like the currencies hackers target themselves, the concept of anti-fraud efforts revolves around a simple idea: to make sure that the person being done business with is who they say they are in the first place. Where does that traditional credential come from?

Data 101

Data social media Fraud Online 101

FICO

AUGUST 28, 2020

Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers. Generally, what is needed is a layered response where more than one factor is invoked and there is never reliance on a single security measure.

Management 52

Management Security Cyber Security social media 52

PYMNTS

MAY 31, 2018

The saga that is Google versus the EU over these last eight years is well-documented , so I’ll spare you the lengthy narrative. Consumer requests to be forgotten can also be made by bad guys who have taken over the identity of a legitimate consumer after committing fraud. Take Google. And when it isn’t, there should be consequences.

Google 120

Google Regulation Data Innovation 120

William Mills

SEPTEMBER 7, 2016

With CRMnext, replacing a lost card or request a new pin is a one button process. Demo: voice conversation with Alexa, able to ask bank account balance, block cards, pay bills, send money to friends. They are introducing CrossCore – First smart plug in play fraud and identity platform. 20% of customer interactions are assisted.

Mobile 40

Mobile Cards Fraud Data 40

CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. — Ben Kaufman, founder, Quirky.

Apple 78

Apple Branding Google Company 78

William Mills

MAY 9, 2018

By more accurately classifying documents, extracting relevant data and feeding downstream mortgage application workflows, AI Foundry provides increased insight, better analytics and improved decision-making. I really like this kind of tech: why use a card with an ATM when you have your mobile banking app on your mobile phone?

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

JANUARY 28, 2019

The problem — and opportunity, of course — is that so many relatively mundane consumer and financial tasks are moving into the mobile realm, a place where physical, government-issued ID documents are not necessarily required or pragmatic. How to Trust? That goes for the real, physical world of retail, too.

social media 186

social media Course Retail Mobile 186

PYMNTS

FEBRUARY 19, 2018

According to the indictment, “in order to maintain … accounts at PayPal and elsewhere, including online cryptocurrency exchanges, defendants and their co-conspirators purchased and obtained false identification documents.”. social media. Such fraud in that year may have cost banks as much as $6 billion in card charge-offs.

Fraud 120

Fraud Data social media Security 120

Lex Sokolin

MARCH 31, 2021

The second company, Feedzai, does fraud checks at the account opening and payment transaction layer, as well as helps with AML using machine learning. The company doesn’t position itself around solving “fraud” or other scary words used in the traditional regtech industry. and by association the art, music, and media communities?

Capital 52

Capital Marketing Community social media 52

PYMNTS

DECEMBER 5, 2016

The general purpose credit card, which became increasingly widely held after the start of Mastercard and Visa 50 years ago, changed all of that. Just about any consumer who wanted credit could get it and use it to buy the things they wanted and needed at any store that accepted the card. It’s been reported that more than 2.5

Retail 100

Retail Payments Mobile Innovation 100