PYMNTS

DECEMBER 20, 2019

In September, the search giant was fined almost 1 million euros to authorities in the country to take care of a probe regarding fiscal fraud. Department of Justice (DOJ) is looking into Google ’s online shopping conduct as part of its broader antitrust probe. That investigation lasted four years. . In other Google news , The U.S.

Google 131

Google Comparison United States Regulation 131

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. US regulators seem poised to update the status quo for bank liability for authorized user/authorized push payment fraud, but just how big is the potential? In multiple geographies around the world, there has been a strong focus on authorized push payment fraud.

Fraud 52

Fraud US Payments South Carolina 52

PYMNTS

FEBRUARY 21, 2020

Vendors looking to appeal to these corporate buyers’ shopping preferences and expectations must therefore ready online sales channels like merchant websites and B2B marketplaces. trillion by 2020, but new sales channels also invite emerging fraud forms. The Sizable Online Fraud Threat. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

FICO

JANUARY 11, 2021

Identity-based fraud takes many forms: application fraud , bust-out fraud , account takeover , synthetic identities and identity theft. In response, many institutions have deployed layered controls to ensure they are interacting with genuine customers and help stop identity fraud. This happened to me recently.

Fraud 52

Fraud Customer Experience Survey Mobile 52

BankBazaar

JULY 17, 2019

Whenever you want to buy an insurance plan, the first thing that comes to your mind is whether you should contact an insurance agent or buy it online, huh? This online facility not only helps customers compare and choose the best insurance product that suits their needs but also lets them buy the same at a lower premium.

Policies 60

Policies Online Comparison Millennials 60

PYMNTS

FEBRUARY 24, 2016

As the NRF story points out, although the fact that 98 percent of respondents to the First Advantage survey stated that it was important to screen employees indicates a general awareness of the threat of internal fraud, not nearly as many companies take action regarding it. It can be done online,” he told the NRF. “It

Retail 100

Retail Fraud Survey Branding 100

PYMNTS

SEPTEMBER 13, 2018

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security. At the same time, though, the risk of identity theft and fraud is at an all-time high.

Security 148

Security Data Comparison Fraud 148

PYMNTS

SEPTEMBER 10, 2019

“The retailer began investing in the surveillance program, dubbed Missed Scan Detection, several years ago in an effort to combat shrinkage – loss due to several causes including theft, scanning errors, waste and fraud,” the report stated. Blurring the Divide. Indeed, there are more than 1.1

Retail 247

Retail Comparison Online Data 247

Abrigo

OCTOBER 22, 2019

Financial institutions should be proactive with their fraud prevention on the dark web. . In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Flag and action these cards to mitigate fraud.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

OCTOBER 7, 2020

That’s bad news at a time when bitcoin supporters are trying to increase its use and acceptance among mainstream consumers who are making more online purchases than ever as a result of the pandemic. Federal Trade Commission found at least 184,000 instances of pandemic-related fraud as of Aug. A month earlier, the U.S.

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Banks have already made a big start in the fraud space. Power at scale: Enhancing fraud, compliance and cyber security defenses .

Analytics 49

Analytics Fraud Compliance Comparison 49

PYMNTS

AUGUST 16, 2018

What’s more, the FCA said the big banks have to make the information available electronically via an online Application Programming Interface (API). The FCA added that large banks also have to publish information on how likely people would be to recommend their banking, online/mobile banking, branch and overdraft services.

Comparison 100

Comparison Fraud Online Branding 100

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. Half of global online transactions are expected to take place in Asia this year. billion – of funds were lost to card fraud in 2018, up from $1.4

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JUNE 29, 2020

As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. Might we form a couplet from Enron to mark the beginning of the millennium and Wirecard to mark the end of the 2010s? Both firms promised to transform their industries.

New York 178

New York Comparison Fraud Cards 178

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Pixelon: Online video vaporware. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

JANUARY 25, 2018

There are pieces for checkout, payment processing, fraud detection, et cetera — but these tools and solutions often come from different sources and do not always communicate optimally with each other. There may even be multiple systems serving the same function, such as detecting fraud attempts. The More Data, the Better. And You Are…?

Payments 122

Payments Fraud Tools Data 122

PYMNTS

OCTOBER 22, 2020

“All of these government bodies are really starting to double down on their thought process around digital money movement instead of check cashing,” Switt said – partly as a means of reducing fraud , but also to give people quicker access to funds in order to put food on the table. The Cash Culture.

Payments 206

Payments Community Mobile Comparison 206

CB Insights

AUGUST 3, 2017

Digital Banking : Companies providing online and mobile banking services in place of traditional branches. Comparison & Personal Finance : Companies offering consumer-facing credit, insurance and other personal finance comparison and education tools. Anti-Fraud : Companies offering payment fraud solutions.

Company 65

Company Fintech Comparison Marketing 65

PYMNTS

AUGUST 15, 2018

It builds profiles based on customers’ gestures, using them as comparison tools whenever a consumer revisits the site. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. One of the largest B2B buyers in the world — the U.S.

Fraud 112

Fraud Software New York Security 112

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. 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.

Cards 151

Cards Security ATM Data 151

CB Insights

FEBRUARY 12, 2020

The Zebra , an Austin-based home and auto insurance comparison site, announced its $38.6M The company focuses on using AI and IoT to drive better decisions in insurance underwriting, claims processing, and fraud detection. . Along with its raise, The Zebra, a home and auto insurance comparison site, announced it has 1.3M

blockchain 41

blockchain Online Policies San Francisco 41

PYMNTS

OCTOBER 9, 2020

In addition, research has found that the public’s increased online activity and the massive digital shift has led to a COVID-era increase in illicit activity. Its usage as a day-to-day currency pales in comparison to its popularity as a speculative investment or a tool for criminals. Lagging Consumer Use Cases.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

SEPTEMBER 11, 2017

The comparison of photos to headshots process, commonplace to verifying a range of documents, may have some human assessment in the mix. That can lead to significant time lags in onboarding new customers or, worse yet, it may mean missing the chance to nip fraud in the bud. Simply put, there’s more to the self than just the selfie.

social media 134

social media Security Fraud Comparison 134

PYMNTS

JANUARY 22, 2020

For instance, 24 percent of Gen Z, 41 percent of millennials and 22 percent of Generation X consumers practice the often-maddening craft (at least from some merchant points of view) of buying online from a different store. Trust Issues. Trust Issues. Trust, too, is another issue where things might not be so clear or easy for merchants.

Retail 137

Retail Millennials New York City social media 137

CFPB Monitor

MARCH 12, 2019

The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. Credit card fraud was the most common type of identity theft report. Additionally, the Data Book provides state-by-state breakdowns and comparisons. The FTC has issued its 2018 Consumer Sentinel Network Data Book.

Nevada 74

Nevada Georgia Florida Delaware 74

PYMNTS

FEBRUARY 14, 2020

Yet, for those relying less on dedicated social media followers for a fall-back plan (and, thus, less crippled by natural beauty), there is an ever-expanding menu of choices beyond the Tinders and Match.coms when it comes to getting online and selecting a date for the evening. However, niche sites can be expensive. And it’s fine.

social media 176

social media Online Oregon Meeting 176

PYMNTS

SEPTEMBER 19, 2016

For example, what happens to the CEO of a big bank that gets caught red-handed engaging in consumer fraud? EMV’s Win — Against Cloned-Card Fraud. Counterfeit fraud costs at retailers who have either completed or are close to completing EMV transitions are down 54 percent year over year. Elizabeth Warren. EMV has been in the U.S.

Millennials 100

Millennials Cards Fraud Online 100

FICO

NOVEMBER 28, 2017

I wrote the script for this animation but it wasn’t until I saw the finished animation and ‘Jenny’ selecting her payment method from a screen (it’s at 1:07 if you want to check it out) that it occurred to me just how much scrutiny and direct comparisons could be made between bank account providers and card issuers in the PISP environment.

Analysis 55

Analysis Fraud Comparison Security 55

PYMNTS

APRIL 13, 2016

New research from Symantec estimates that over half a billion identities were stolen or exposed online last year, along with even more companies not reporting to true extent of data loss during security breaches. According to Wired U.K. , According to forthcoming data from the FBI, 2015 saw 2,453 reported ransomware incidents. million total.

Comparison 100

Comparison Data Report Online 100

PYMNTS

APRIL 29, 2016

That’s the “unofficial motto” that Yehya Awad and his team have been kicking around for PulsePay , a heart rate-based method of online consumer authentication that was the winner of the latest HackPSU that took place on April 9. “They can steal your credit card, but they can’t steal your heart.”.

Comparison 100

Comparison System Online Cards 100

MyBankTracker

SEPTEMBER 29, 2020

You still should do some car insurance comparison shopping to be sure. Assuming you care about getting best car insurance deal you can for your Tesla, you’ll want to the following action: Study the policies when comparison shopping. How to Avoid Life Insurance Fraud. Is that true? It might be. Related Articles.

How To 52

How To Policies Comparison California 52

FICO

MARCH 13, 2019

US consumers showed an increasing appetite for online financing—an 8% YoY increase. consumers acquired their most recent auto loan online, compared to only 5% in 2018, representing an 8% YoY increase for online financing. Below are some key takeaways (and a few surprises) that we uncovered. 13% of U.S.

Survey 73

Survey US eBook Online 73

PYMNTS

APRIL 7, 2017

These amounts pale in comparison to what cybercriminals stand to gain when they hold a victim’s data or computer systems hostage. “We Unfortunately, for many online businesses, just being offline for even an hour can be more than they can afford, let alone for 292 hours, he added.

Resources 129

Resources Comparison Security Bitcoin 129

PYMNTS

MARCH 15, 2016

The spokesman called the current allegations surrounding the country’s online activities simply “rumors and speculation.”. That is an apparent pickup from 2014, though the comparisons are imperfect since 2104 saw a change to the current data collection method. All in, victims paid out about $24.1 million total. million.

US 100

US Software Apple Comparison 100

CB Insights

JULY 25, 2019

Startups are now eyeing opportunities to develop fintech services aimed at helping older individuals improve their financial well-being, from estate planning to fraud prevention, aiming to provide this potentially lucrative — and increasingly tech savvy — demographic with more power over their finances. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

MAY 6, 2016

Online Fraud. The latest CyberSource annual report on online fraud tells the tale of card-not-present fraud not just going down, but going down by a whole big bunch – across all channels. Mobile was down, online was down and even cross-border fraud was down. Problem – what problem?

Apple 100

Apple Branding Fraud Bitcoin 100

PYMNTS

MAY 31, 2018

The biggest problem with online authentication is that it’s, well, online. By comparison, a PIN is quicker and easier to use because the consumer already has it memorized, so he can just plug it right into that flash text and go back to completing the transaction. Cutting Out the Internet. Regulations.

ATM 109

ATM Data Security Regulation 109