PYMNTS

APRIL 11, 2018

From day one, Bitcoin was marketed to the world as a fast & cheap global payments network. ’s National Cyber Security Centre said that cryptojacking could very well “become a regular source of income for website owners,” CoinDesk reported. And it may not be going away: The U.K.’s

Bitcoin 102

Bitcoin Cyber Security cryptocurrency Report 102

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. He and an accomplice operated from Nigeria, targeting the U.S., New Zealand and a number of other countries.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

MAY 15, 2018

Reports on Monday (May 14) said the companies will launch Wiise in July, owned by KPMG and operated through a joint deal between Microsoft and CBA. Microsoft is also integrating its artificial intelligence, voice recognition and cyber security capabilities into the solution.

Cyber Security 104

Cyber Security Marketing Operations Management 104

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The major difficulty for FIs and businesses is that some compliance standards are harsher than others, which can lead to security weaknesses.

Regulation 160

Regulation Policies Data Compliance 160

Payments Source

AUGUST 22, 2018

Account takeover (ATO) fraud currently drives the largest fraud losses at North American financial institutions within digital channels, according to a new report from Aite Group and Early Warning, the bank organization that operates the Zelle payment network brand.

Fraud 92

Fraud Data Mobile Payments 92

Payments Source

JUNE 6, 2019

Security, operational challenges and new operational requirements all make for a complex, yet necessary, transition to open banking in the age of PSD2, according to Maria Allen, global head of financial services for Unisys.

Operations 112

Operations Security Cyber Security Payments 112

PYMNTS

DECEMBER 20, 2017

The company announced this week that it deployed a “blockchain-inspired” technology to manage collateral in its ledger and facilitate the sending of cash and securities. Its CEO, Arjun Jayaram, noted that the solution can be used by any FI for real-time payments and settlement. billion in savings every year.

blockchain 135

blockchain Cyber Security Groups Regulation 135

PYMNTS

SEPTEMBER 30, 2016

Prior to founding Forter, Michael was the VP Product & International Operations at Pango Parking where he was in charge of the deployment and adoption of Mobile Wallet technologies worldwide. CEO of Market Platform Dynamics.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

MAY 24, 2016

Key Takeaways: – How digitizing and automating the entire invoice-to-cash process reduces costs and improves operational efficiency. – B2B payment trends – how are businesses paying today, and what does this mean for AR? – Network-based payment solutions. – Advances in cash application – the hybrid model.

Cyber Security 109

Cyber Security New Jersey User Experience Innovation 109

Payments Source

OCTOBER 17, 2018

Seeking to bring advanced technology to its managed security services, ControlScan has acquired Dunbar Cybersecurity and its security operations center.

Technology 83

Technology Security Operations Management 83

PYMNTS

MAY 9, 2016

Prior to founding Forter, Michael was the VP Product & International Operations at Pango Parking where he was in charge of the deployment and adoption of Mobile Wallet technologies worldwide. CEO of Market Platform Dynamics.

Fraud 100

Fraud Online United States Cyber Security 100

Perficient

APRIL 2, 2021

AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies. Personalization of Customer Services. AI is being leveraged at call centers to process and triage customer calls to provide improved customized service.

Regulation 309

Regulation Industry Risk Management Analysis 309

FICO

MAY 2, 2019

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. Sometimes these parties are business partners operating in the same automotive ecosystem.

Fraud 70

Fraud Data Cyber Security Risk Management 70

PYMNTS

NOVEMBER 13, 2017

We also had a few surprises on the undeniably more serious side, in the payments and commerce world. Ethereum hiccupped, PayPal pushed into India (and into a direct competition with a hometown hero) and The Federal Reserve decided to take on a reset of digital payments. The Fed’s New Digital Payments Outlook.

St. Louis 108

St. Louis cryptocurrency Cyber Security Fintech 108

PYMNTS

JUNE 12, 2017

With total fraud losses outside of consumer losses expected to reach $31 billion by 2020, it’s no wonder payments provider TSYS partnered up with adaptive analytics and real-time learning platform provider Fearturespace for a new venture into the fraud prevention and cybersecurity space. TSYS’s President and Chief Operating Officer, Pamela A.

Fraud 100

Fraud Analytics Operations Tools 100

FICO

JUNE 9, 2022

We continue to enrich the Threat Score model to detect suspicious transactions across payment channels and bi-directional fund flows, which is particularly important in today’s mobile-first, peer to peer (P2P)-heavy payment environment. . Scott serves on two boards of directors, Software San Diego and Cyber Center of Excellence.

Analytics 52

Analytics San Diego Cyber Security Data 52

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. Power at scale: Enhancing fraud, compliance and cyber security defenses . It’s the same situation with cybersecurity.

Analytics 49

Analytics Fraud Compliance Comparison 49

NCR

JUNE 21, 2017

As part of this, it’s essential to define specific Key Performance Indicators before starting any transformation journey, in order to ensure that everyone throughout the business understands what the baseline and target operating models are.

Strategy 88

Strategy Cyber Security Technology Retail 88

FICO

JANUARY 30, 2017

I talked about using the FICO fraud data consortium to determine when data shifts can invalidate the models and, more menacing, when these shifts reveal subtle new fraud patterns that can indicate the work of fraudsters and cyber criminals, who know how to go “low and slow” to evade detection.

Analytics 40

Analytics San Francisco Cyber Security Fraud 40

Banking 2020

NOVEMBER 24, 2015

Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3 The organisation said: “Banks’ and card companies’ security systems detected and prevented a total of £910.9 Customer loyalty.

Fraud 40

Fraud Cards Cyber Security System 40

Payments Source

AUGUST 26, 2019

and a bipartisan congressional delegation met with Swiss government officials last week to discuss Facebook’s plans to launch and operate a digital currency. House Financial Services Committee Chair Maxine Waters, D-Calif.,

Meeting 68

Meeting Operations Cyber Security Digital Banking 68

NCR

MAY 3, 2016

But as attacks continue to become more targeted and sophisticated, IT teams are struggling against a range of agents, from common hackers to nation-states, to keep their networks and their vaults secure. Securing the Vault. Establish an enterprise-wide security policy. Enforce your security policy. The Turning Point.

Policies 40

Policies Security ATM System 40

Payments Source

JUNE 21, 2018

Malware operators are joining forces, installing each others’ tools on compromised computers to target a wider range of victims, and possibly also sharing the work of harvesting funds using stolen account details.

Tools 63

Tools Operations Cyber Security Online 63

NCR

DECEMBER 7, 2016

These innovations are already changing how the industry operates and how businesses engage with their customers, and are only set to become more important in the years to come. AI also looks set to make its mark in the payments sector. The need to adopt smarter tools has never been more vital.

Innovation 40

Innovation Cyber Security Fraud Industry 40

Fintech Labs Insights

MARCH 29, 2017

Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub. VISA to enable electronic business payments for SME clients of B2B electronic invoicing network, Viewpost. FinDEVr New York newcomer Fiserv announces enhancements to its real-time, loan servicing solution, LoanServ.

New York 12

New York Cyber Security Video Capital 12

Cisco

SEPTEMBER 20, 2022

Sales Conversion – increased mortgage business, sales increase in payments/cash management, increased branch account deposits. Cisco Meraki actively assists financial institutions with the transition to multi-cloud environment, protection against cyber security attacks, operational efficiencies, and talent retention.

America 104

America Video Compliance User Experience 104

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Nelson joined the organization in 2006 after previously serving as the executive vice president of NACHA- The Electronic Payments Association. We hadn’t done that before,” Nelson said.

Exercises 119

Exercises Resources Industry Cyber Security 119

FICO

MARCH 23, 2021

Advances in cyber-security alongside fast, reliable and secure payment channels are expected to drive the US$37 billion potential opportunity financial services could monetise by 2030. Scaling the Opportunity for Financial Services. It’s fair to say, every piece of data is another jigsaw piece to leverage insight from.

Cyber Security 52

Cyber Security Retail US Trends 52

PYMNTS

JULY 29, 2019

In Australia, BEC has hit hard, as CIO reported that several businesses in that country have been forces to shutter operations in the wake of such fraud. In Australia, BEC Hits Hard.

Fraud 138

Fraud Cyber Security Cards Report 138

PYMNTS

SEPTEMBER 24, 2018

Consider the fact that the stolen data, as reported in Forbes and other publications, was garnered through a script that helped the bad guys “skim” payment pages, and the methodologies have brought some observers to conclude that the hackers belong to Magecart, the group behind the Ticketmaster breach. Other Financial Impacts Loom.

Data 152

Data Cyber Security Regulation social media 152

PYMNTS

APRIL 3, 2019

.” Understanding a company’s cyber risk exposure involves the analysis of troves of data connected to a business’s internal systems, historical events, supply chains and business partners’ exposures, and more. ”

Analysis 158

Analysis Policies Cyber Security Data 158

FICO

AUGUST 28, 2020

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.

Management 52

Management Security Cyber Security social media 52

Gonzobanker

NOVEMBER 1, 2016

Poor planning or missteps here will cost more later on, not only in terms of time and money but also in the bank’s ability to effectively address today’s growing information and cyber security threats. I’ve taken the following three-step approach to building out a comprehensive IT and security risk program before, and it works.

Risk Management 60

Risk Management Security Management Tools 60

FICO

JANUARY 5, 2023

With a weakening economy, BNPL firms have seen a rise in bad debts, growing losses, increased costs of operations and tumbling share prices. The proposed rules appreciably increase corporate accountability on cyber risk, starting from the boardroom and cascading down throughout the organization. See all Posts. chevron_left Blog Home.

Policies 52

Policies Company Regulation Risk Management 52