PYMNTS

JULY 8, 2020

He and Nitendra Rajput , Mastercard’s vice president of product development and head of the company’s “AI Garage,” said that in many cases, AI is the only way to scale up sufficiently to meet the challenges the company faces with fraud and other business issues. “It Fighting Fraud in a Post-Pandemic World.

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Fraud Management Risk Management Company 274

PYMNTS

OCTOBER 14, 2016

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? And even if you do confirm their identity, how do you know that person can be trusted?

Fraud 100

Fraud Online social media Risk Management 100

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. Carding shops offer bulk sales on compromised payment card data. One of the most important links in the chain of e-commerce fraud is the “mule”.

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Fraud Tools social media Cards 307

Banking Exchange

NOVEMBER 7, 2022

Report by Oliver Wyman details how banks can deal a ‘body blow’ to online fraud Risk Management Technology Feature3 Feature Cyberfraud/ID Theft Security Mobile Online Cards Digital.

Risk Management 78

Risk Management Fraud Online Mobile 78

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Feedzai has seen the increase in fraud and scams with the pandemic. EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. 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.

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Fraud How To Analysis Strategy 245

PYMNTS

JANUARY 8, 2019

That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.S. goes online. But that excitement can quickly deflate if the winning gambler then must wait for his or her winnings. In the U.K.

Online 189

Online Payments Cards Course 189

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . With firms losing more than $5 million in stolen data tied to breaches, the true cost of online fraud is increasing. At 71 percent, as estimated by one secure payments processing firm, identity theft is the most common type of fraud.

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Fraud Retail Cards National 120

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The End of Excessive Card Surcharges.

Online 112

Online Payments Fraud Cards 112

Banking Exchange

JUNE 7, 2019

Advances in digital identity authentication are providing a better customer experience while shrinking the window for losses Technology Retail Banking Tech Management Mobile Online Cards Security Checks/Remote Deposit Capture Core Systems Cyberfraud/ID Theft Risk Management Customers Financial Research Feature Financial Trends Feature3.

Fraud 107

Fraud Risk Management Customer Experience Trends 107

PYMNTS

NOVEMBER 12, 2019

To catch payments fraud, man and machine must work together. To that end, PSCU said last month that it has chosen NICE Actimize to modernize disputes management with the latter’s ActOne Extend — billed as an automated, artificial intelligence (AI)-powered investigations and case management platform.

Fraud 145

Fraud Payments Management Data 145

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

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). by TJ Horan.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

MARCH 19, 2019

March Madness has a new flavor this year: legal online betting. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. And about 4.1

Online 125

Online New Jersey Las Vegas Risk Management 125

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now, at least eight states have some form of legal online sports betting, with more states moving toward that goal.

Online 143

Online New Jersey Las Vegas Risk Management 143

PYMNTS

APRIL 20, 2017

Payments and risk management solutions provider Verifi, which specializes in serving CNP merchants, just recently announced the launch of a new platform that aims to improve efficiency and cut down on unnecessary chargebacks and fraudulent claims.

Fraud 108

Fraud Risk Management Customer Experience Management 108

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5 million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

FICO

APRIL 5, 2022

Defending a third of all credit cards in Brazil. Itaú Unibanco, the largest private sector financial institution in Latin America, has migrated its fraud management and customer communication to the cloud, helping it to avoid over USD$20M a month in fraud losses. How FICO Can Help Improve Your Fraud Detection.

Fraud 52

Fraud Management Risk Management Customer Experience 52

PYMNTS

SEPTEMBER 15, 2020

“Making sure all the risks are covered from the perspective of an online merchant ensures there is risk diversification and makes sure that they are connected to several acquirers and banks,” explained Metodieva. A Single Digital EU Market. That framework can be applied to merchants' payment solution providers, too.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

NOVEMBER 6, 2020

COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview. Payments Flexibility .

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Payments Cards Fraud Retail 274

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

MARCH 25, 2020

That means card portfolios can experience changing returns for financial institutions (FIs). For example, having tools that monitor cardholder behavior and automatically trigger actions that drive faster card activation helps get revenue through the door sooner. Recalculating Risk: The Quartiles.

Cards 108

Cards Risk Management Management Strategy 108

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. The pandemic has paved the way for fraudsters to try new avenues of attack, and is laying bare the limitations of the fraud prevention tools currently deployed.

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Fraud Examples Data Tools 208

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

Fraud 100

Fraud Security Retail Mobile 100

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews.

Cards 60

Cards Report Marketing Leadership 60

PYMNTS

APRIL 30, 2019

PSD2 will change – indeed is changing – online commerce in Europe and beyond. Some verticals, such as online travel companies, will be impacted more visibly, and perhaps earlier, than other niches, he said. a password), something they possess (e.g., a phone) or something they are (e.g., a fingerprint). Sea Change for Travel Firms.

Fraud 171

Fraud Online Cards Payments 171

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

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Fraud Resources social media Software 195

ABA Community Banking

MARCH 18, 2019

Account takeover schemes are rarely limited to physical address alone Feature Duties Compliance Risk Management AML & Fraud Risk Adjusted People Customers Online Cards Security BSA/AML Operational Risk Compliance Management Cyberfraud/ID Theft Compliance/Regulatory Feature3.

Risk Management 40

Risk Management Compliance Fraud Security 40

PYMNTS

OCTOBER 5, 2018

According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. Card Decline Rates. “At

New Jersey 148

New Jersey Payments Online Cards 148

PYMNTS

DECEMBER 8, 2020

Congress , the Federal Reserve and the Department of the Treasury must confront the ghosts of stimulus disbursements past, where tens of millions of individuals had to wait for paper checks to be delivered by snail mail or paid cards (and at least some of the cards may have been thrown away by recipients by mistake, which led to reissuance).

Payments 183

Payments Fraud Taxes Tools 183

PYMNTS

MARCH 22, 2018

Retailers must be mindful that omnichannel conduits offer more ways for hackers to commit fraud unless point-of-sale systems, web and mobile are all interconnected, Trueblood said. Consider the fraudster who buys something but picks it up in-store, moving beyond the confines of card-not-present fraud.

Retail 100

Retail Data Fraud Risk Management 100

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

PYMNTS

SEPTEMBER 9, 2019

Checks also come with their own fraud and security problems, particularly in chaotic situations when it is easier than usual for the wrong person to intercept and misuse a payment. Adding that level of risk management around a push-based disbursement lowers the risk of fraud that insurers may see when issuing claims payments via check.

Payments 171

Payments Industry Cards United States 171

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. You might also like this infographic on the true costs of fraud at financial institutions. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

NCR

AUGUST 31, 2016

The web and mobile – go-to interaction channels for consumers – are of central focus for banks, credit unions and credit card companies: they’re key to creating a positive consumer experience, yet they are also vulnerable to cyber attacks by fraudsters.

Fraud 65

Fraud Analytics Cards Mobile 65

PYMNTS

NOVEMBER 2, 2018

That is, a system that is as transparent as it is dynamic so that merchant expectations are always well-attuned to how their businesses will be managed on that platform, based on their business performance, and so that fraud can be spotted and responded to in real time. . Risk And User Experience.

Payments 162

Payments Data Software Fraud 162