FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. Proprietary or shared fraud detection models?

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PYMNTS

OCTOBER 25, 2017

There are different levels of fraud management an organization can implement, from completely in-house to completely outsourced. But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach.

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PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

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Fraud Customer Experience Compliance Survey 131

PYMNTS

OCTOBER 19, 2020

Gone are the days of diners handing waiters a stack of credit cards to split a bill, and instead seamless money transfers occur in a matter of seconds. We split out scams and frauds,” he explained in a recent interview with PYMNTS. The Scams And Frauds Facing P2p Payment Apps. Leveraging AI To Fight Cybercrime.

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PYMNTS

MAY 22, 2019

Wirecard, the global digital financial technology company, announced on Wednesday (May 22) that it has partnered with India’s government-owned UTI Infrastructure Technology and Services Limited (UTIITSL) to facilitate the issuing of physical and digital taxpayer identification cards. The cards can also be used as proof of identity.

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Cards Taxes Fraud Technology 122

PYMNTS

NOVEMBER 30, 2020

Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach. Virtual Card Payment Trends. Merchants’ efforts to please shoppers have ushered in a wave of virtual card activity in recent months, Knutson said.

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PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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Cards Fraud Taxes Data 118

PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM announced a collaboration with Raw Seafoods to develop a blockchain solution to address supply chain fraud in the seafood industry, including cases of incomplete documentation and mislabeling.

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PYMNTS

DECEMBER 13, 2016

With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We We’ve settled into providing services as a payments and fraud business.”. Radial knows a thing or two about fighting fraud. “We’ve

Fraud 100

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PYMNTS

FEBRUARY 18, 2020

India’s HDFC Bank has teamed up with Mastercard and SAP Concur to manage corporate travel and expense management, according to a report by The Economic Times. The bank will offer a corporate credit card for travelers that provides solutions for expense management and payments while users are on business trips.

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Compliance Cards Management Taxes 150

BankBazaar

JULY 11, 2019

Take note of these common money management myths! Myth 2 – Credit Card Balance Is Good For Your Credit Score. Nopes, while keeping your Credit Card active is wonderful for your Credit Score , not clearing your balance is not the best thing to do. Additional Reading : Credit Cards – The Myth And The Legend.

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PYMNTS

FEBRUARY 28, 2020

As Michael Cichy, general manager of the Americas for Centsoft parent company Palette Software , told PYMNTS, the value in cross-platform integration can be significant for companies, particularly when it comes to saving time often wasted on manual data entry. “In addition to card and ACH/wire requirements, the U.S. ”

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Taxes Data Fintech Compliance 209

ZootBlog

MAY 18, 2016

This is the first in a two-part series as we look more deeply at fraud concerns and best practices for managing this ever-changing threat. Over the past couple of weeks we’ve been discussing fraud mitigation strategies on ZootBlog—everything from EMV chip cards to encryption, tokenization, and biometrics.

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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.

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FICO

JUNE 15, 2020

In addition to being a passionate defender in the fight against child identity fraud , I am also an ardent supporter of elders’ financial well-being. If it’s not possible to get this list, the elder’s mail and previous tax returns will be very helpful. Who will manage the family member’s accounts? Freeze Credit. Any questions?

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PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

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PYMNTS

FEBRUARY 1, 2021

Another, continued tailwind should come from the fact that the maximum payment amounts, as allowed under the scheme, have been increased as of last year, and now stand at 100,000 euros, up from 15,000 euros previously, as banks fine-tuned their AML and anti-fraud systems. A Leapfrog To Instant – Or Room For Cards, Too? .

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PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales.

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PYMNTS

DECEMBER 8, 2020

Panelists joining PYMNTS CEO Karen Webster included Ingo Money CEO Drew Edwards ; Wells Fargo Senior Vice President, Head of Global Payables, Treasury Management Michelle Ziolkowski ; and J.P. Morgan Managing Director Industry Head for Public Sector Treasury Services, Wholesale Payments Eva Robinson. Headaches, Everywhere.

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PYMNTS

OCTOBER 22, 2018

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

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PYMNTS

DECEMBER 1, 2016

For corporate payments, that could mean more accurate cash flow forecasting, fraud identification or more efficient reconciliation. Last week, Voyage Manager announced that it can now use transaction and expense data from cards used while traveling to add another layer of visibility into where employees are.

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PYMNTS

JUNE 13, 2019

The tokenization helps sidestep the vulnerabilities to fraud that exist when sending checks, ACH and wire transfers. Our goal is to continue to help our clients meet this increasing demand for slick, simple and more convenient cross-border payments, and make it easier for Visa cardholders to manage their money when traveling.”.

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Charlotte Payments Taxes Compliance 189

South State Correspondent

FEBRUARY 14, 2022

Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.) Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data. would all benefit from a standardized record of assets under ownership. How Banks Are in The Middle.

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blockchain cryptocurrency Data Payments 195

PYMNTS

APRIL 22, 2019

In addition, ClickBank works with product creators, digital marketers, banks and credit card companies to prevent risks, including fraud and cyberattacks. At ClickBank, he will manage the company’s financial management and growth strategies, including the accounting, treasury, tax and financial-planning functions.

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Strategy Leadership Taxes America 124

FICO

AUGUST 12, 2019

Child identity fraud is an alarmingly large and growing problem. . A 2018 report released by Javelin Strategy & Research found that more than one million children were victims of identity fraud in 2017. As I’ve blogged about previously, synthetic identity fraud is rampant , and fraudsters are growing ever-more sophisticated.

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PYMNTS

JANUARY 8, 2018

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

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BankBazaar

SEPTEMBER 4, 2019

They should be aware of where and how they spend their money each month and should be able to track and manage their expenses. This will not only help them manage her finances better but also instil the discipline to live within one’s means. Credit Cards. Teens need to know how to handle Credit Cards responsibly.

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Cards Management ATM How To 128

MyBankTracker

JUNE 12, 2020

A prepaid debit card is an excellent way to teach your children how to manage money. Kids as young as 12 can get a card in their own name, funded by you – or even by their own part-time job – then spend within certain limits determined by you. Best Prepaid Debit Cards for Teenagers. Monthly Fee: $0.

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PYMNTS

FEBRUARY 22, 2019

Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. News comes this week from Mississippi that state workers are being targeted by similar fraud attempts. In December, the U.S. The IRS cited “spoofed” addresses that seemed official.

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Mississippi Minnesota Fraud Report 135

PYMNTS

JULY 22, 2019

KeyBank’s Costly Payroll Fraud Problem . Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. An analyst at Baird said the revelations were “unfortunate” but “manageable.”. Starting with. Bulgaria’s Big Breach .

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PYMNTS

JULY 7, 2017

investors placed nearly $50 million into B2B FinTechs, with particular attention on startups disrupting the supply chain management and corporate banking spheres. Supply Chain Management. Across India, Australia, France and the U.K., We break down all the VC activity from the last week below. Invoice Finance.

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Capital Fraud Management Fintech 100

PYMNTS

OCTOBER 10, 2018

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. billion via business wire fraud between October 2013 and December 2016, the FBI calculated. Thieves attempted to steal $5.3

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PYMNTS

JULY 29, 2016

“Whether you know that you have a fraud problem or you don’t, sometimes, even the methods we use to deter fraud can limit us.” ” There’s a number of reasons why the fraud problem is getting worse, Bush explained. He also said that roughly two-thirds of all credit cards are most likely compromised.

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Fraud Tools Cards Resources 100

PYMNTS

MARCH 5, 2019

In an interview with PYMNTS, Marie Perrin-Largilliere, senior manager of global product marketing at HomeAway, got a bit more granular on how the firm seeks to engage both sides of the transaction. She stated, too, that a fraud detection team is tasked with watching for and preventing account takeovers.

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Regional Mobile Security Fraud 148

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. First, there was the drama leading up to the breakup with the rich hottie. Thankfully, there was still a smartphone and social media to commiserate.

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Javelin Strategy & Research

FEBRUARY 23, 2015

It’s a term that causes many bankers to lock up mentally because they can’t envision a way for personal finance management to escape the historical shackles of old-fashioned PFM in a tab. But just because consumers don’t want PFM in a tab doesn’t mean they don’t want personal finance management in online and mobile banking.

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Management Taxes Mobile America 40

PYMNTS

NOVEMBER 16, 2017

And the team got another crash course in tax compliance after the first year, when a lack of planning left them scrambling at tax season to hunt down information and vendors — some of whom had since gone out of business. It was a nice crash course early on,” Wu said. It just took a while to find the right one. 7 at 12:00 p.m.

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