PYMNTS

DECEMBER 21, 2020

Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. Department of Justice recently warning consumers to be on the alert for virus-related fraud. It also examines which solutions or strategies merchants can employ to prevent such fraud.

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

DECEMBER 11, 2017

There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. It appears the ever-inventive thieves of the world have found a new way to make gift card fraud work for them this holiday season, according to the Better Business Bureau (BBB).

Cards 129

Cards Fraud Retail National 129

PYMNTS

JANUARY 28, 2021

One of the more notable differences is their tendency to favor credit cards online and other options such as digital wallets over debit cards. consumers have shifted to digital shopping channels to purchase retail products, a fourfold increase since the start of the pandemic. The report finds that 45 percent of U.S.

Cards 210

Cards Online Security Data 210

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Shell employs 8,500 people in India and retails fuel in six states. . The global smart fleet management industry was valued at $290.9 billion in 2016 and is projected to grow at a rate of 7.6

Cards 159

Cards Fraud Operations Management 159

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. Retailing 2020: Five Things To Watch. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. Around The Next-Gen Debit World.

Security 182

Security Fraud ATM Cards 182

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

PYMNTS

JANUARY 15, 2021

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

Retail 207

Retail Security Payments United States 207

PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. EMV Cards Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S.

Fraud 169

Fraud Cards Security National 169

PYMNTS

JANUARY 2, 2019

But will 2018’s strong seasonal spending portend a happy commerce new year for retailers? But for all the green lights, there are also a few red lights flashing, particularly when it comes to fighting fraud and making markets more inclusive. 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

PYMNTS

JANUARY 8, 2019

With the holiday shopping season in the rear view, retailers across the globe are tallying up their wins and losses. While the holiday retail rush meant big gains for some retailers, it also came with an influx of fraud, both in-store and online, as fraudsters took advantage of a high-pace, high-volume period of transactions.

Fraud 166

Fraud Retail Security Branding 166

PYMNTS

FEBRUARY 1, 2017

The advent of the digital age has sped transformation of the retail industry from physical stores to digital storefronts. Since eCommerce currently makes up about 9–10 percent of retail sales overall — more in key segments — it is claiming more of that pie, Byrnes added. The pain point varies by the product mix, Byrnes said.

Fraud 100

Fraud Retail Cards Samsung 100

PYMNTS

JANUARY 18, 2020

What makes the story stand out among the reams of local retail crime reporting is that the crime was actually committed. Botched crimes in local retail are common. Organized Crime’s Physical Retail Expansion . Brown rejected suggestions that it could be a current or past employee, telling local news affiliates, “It was a pro.”.

Retail 147

Retail Colorado Cards Resources 147

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. And according the the Atlanta-based building supplies retailer, that flaw is putting both customers and retailers at risk.

Retail 100

Retail Cards Data Atlanta 100

PYMNTS

JUNE 17, 2019

However, digital platforms face a major barrier in delivering these experiences: poor fraud detection. For digital platforms, fraud represents a two-headed beast. As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. According to PYMNTS’ research, 60.8

Fraud 117

Fraud How To Payments Survey 117

PYMNTS

NOVEMBER 27, 2019

The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly, are also taking notice and are looking to take advantage of heightened retail activity to steal data and goods. Around The Digital Fraud World. The city of Philadelphia, Pa.,

Fraud 151

Fraud Philadelphia social media Trends 151

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards. in 2016. “The

Cards 100

Cards Fraud ATM Maine 100

PYMNTS

OCTOBER 19, 2016

Out of the ever-growing list of things retailers have as priorities, stopping fraud — not selling more goods and services — has now claimed the online retailer’s top spot. That’s the finding of Forrester’s 2016 “State of Retail Payments 2016” report. The Shifting Fraud Focus. Why Outsourcing Matters.

Retail 100

Retail Fraud Customer Experience Data 100

PYMNTS

NOVEMBER 21, 2018

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. CallVU , a mobile digital engagement platform provider, recently announced that its biometric authentication offering was selected for use by an international credit card provider.

Trends 190

Trends Fraud Customer Experience System 190

PYMNTS

NOVEMBER 11, 2019

The nutritional supplement retailer is somewhat unique in the field as a chain that has branched out into the subscriptions market rather than starting wholly online. What happens when a customer changes the address on [her] credit card, or it expires, or it had fraud and [she received] a new credit card?” Renfro said.

Retail 101

Retail Online Cards Training 101

PYMNTS

MAY 27, 2020

The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it. Around The FI Fraud Decisioning World. Cross-channel fraud is a major threat, and FIs need to quickly detect if it is occurring. Read the full story in the Playbook.

Fraud 245

Fraud How To Analysis Strategy 245

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

Fraud 138

Fraud Cards Data Tools 138

PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. How Grocery Retail Will Evolve In 2020 . Priceline Uses AI To Help Fight Fraud. PNC Blocks Venmo, Tells Users To Switch To Zelle.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job.

Cards 187

Cards Security United States Technology 187

PYMNTS

JUNE 14, 2016

Gas stations offer a lot of benefits for card fraudsters. They’re unattended, which makes it easy (and even inconspicuous) for them to check out whether their counterfeit cards are alive and well and ready to use. As a result of that pilot, there was a 23 percent reduction in fraud.

Fraud 100

Fraud Operations Cards Analytics 100

PYMNTS

FEBRUARY 26, 2019

Ordering must not only be seamless, but needs to keep customers’ identities and card details safe. However, the rise of mobile ordering also comes with growth in account takeover fraud. However, as mobile grows more essential to the dining experience, consumers are becoming less tolerant to friction in the ordering process.

Fraud 186

Fraud Mobile Branding User Experience 186

FICO

AUGUST 24, 2021

As a fraud professional, you may feel as though your organization walks a tightrope, balancing minimal customer friction with maximum risk mitigation. Doug: That sounds a lot different than, “Is this credit card transaction fraudulent?”. Adam: There are three main ways. You’re not alone. Adam: Exactly.

Fraud 52

Fraud Tools Compliance ATM 52

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.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

APRIL 19, 2016

The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.

Fraud 100

Fraud Online Trends Regional 100

PYMNTS

OCTOBER 28, 2016

Payment security and IoT technology remain an ongoing concern for credit card and smartphone companies, for example, as they explore innovative ways to protect sensitive customer data from cybercriminals. Meanwhile, credit card giant Mastercard anticipates launching a selfie payment service in European marketplaces in 2017.

Fraud 100

Fraud Security Retail Samsung 100

PYMNTS

MAY 12, 2016

Online merchants know very well that fraud costs them in many ways – in chargebacks, in false positives, in the friction that’s introduced at checkout that can cost a sale. But there’s nothing like putting the cost of fraud into the parlance that merchants know really well: units sold. Kount: Calculating The 9 Deadly Costs Of Fraud.

Fraud 100

Fraud Taxes Online Report 100

Tomorrow's Transactions

OCTOBER 5, 2016

So we can see that in the US, as in the UK and many other countries, the rise of contactless and mobile payments means that the use of cash for retail transactions is falling steadily. Is card fraud really a barrier to cashlessness? Contactless transactions have now reached £2 billion per month in the UK.) But I digress.

Fraud 54

Fraud Cards America US 54

PYMNTS

FEBRUARY 19, 2019

Fraud is rampant and thriving. Banks, financial institutions (FIs) and other members of the financial world are, thus, dealing with a rising flood of identity theft and application fraud, as bad actors look to capitalize on the email addresses, Social Security numbers, credit details and other information they have on hand.

Fraud 158

Fraud Data Capital Resources 158

PYMNTS

JANUARY 3, 2019

Once upon a time — about a decade ago — there was this QSR executive who observed the rise of online retail, but figured those changes would never apply to his businesses. Then, “you’ve created a solution that’s an island” instead of a main part of the overall operation, he noted. He would never ship a hamburger, he thought.

Fraud 192

Fraud Operations Retail Online 192

PYMNTS

DECEMBER 3, 2019

The portion of QSR customers who are concerned that their online actions could be at risk for fraud is 62 percent. And close to half of the respondents were most worried about the theft of their credit card data, while a slightly smaller portion of respondents was worried about an ATO. The current value of the eGift card market is $31.8

Innovation 130

Innovation Mobile Fraud Cards 130

PYMNTS

MAY 30, 2016

It’s also a good theme for taking a look at the news of last week, namely MasterCard fueling a robot-inspired automated restaurant future, Wells Fargo mobilizing payments and a communal approach to preventing payments fraud. Sharing data is the first step toward true fraud prevention , he emphasized. MasterCard Automates With Pepper.

Retail 100

Retail Fraud Mobile Data 100

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. In just two of the most popular ‘carding’ forums, 1.2

Study 124

Study Online Course Cards 124