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Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Developments F rom The World Of Digital Fraud. Developments F rom The World Of Digital Fraud. For more on these and other digital fraud news items, download this month’s Tracker.

Fraud 189
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AI/BOTS: Machine Learning Tips Online Fraud Scales

PYMNTS

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Within the retail industry specifically, artificial intelligence (AI) is moving the ball for a lot of merchants looking to not only streamline their business operations but provide a more personalized experience for consumers.

Fraud 196
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TRENDING: Call Centers Push With Biometrics As Fraud Soars

PYMNTS

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. That means thwarting fraudsters who call in, masquerading as legitimate customers, or who hack into a cell center, as well as blocking any dishonest agents within the center from stealing customer information.

Trends 190
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Visa Joins Phixius Pilot For B2B Payment Data Exchange

PYMNTS

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. 12) announcement. As of now, companies mainly trade data regarding payments with deals between two parties.

Data 198
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Mobile Order-Ahead’s Mindset Shift

PYMNTS

However, as Kount Chief Customer Experience Officer Richard Stuppy noted, when it comes to their actual commitment in policing their own transactional security and letting it drive their decisions, it doesn’t have all that much of an effect. The Three Main Challenges . The fraud mindset is simple, he noted.

Mobile 201
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Payments provider SIBS and IBM announce a cognitive solution to combat fraud

Insights on Business

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

Fraud 125
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Using AI To Keep Issuers On The Right Side Of Credit Risk

PYMNTS

percent of FIs believe AI is an effective tool for stopping fraud before it happens, and 80 percent of AI-using fraud specialists believe the technology could reduce payments fraud. Meanwhile, the rest rely on automation and machine learning (ML) technologies. Take just a few data points: 63.6 Value Of Speed.

Fraud 207