PYMNTS

JUNE 29, 2016

As a result, fraud prevention and security must be — and is — a top concern for digital companies. According to recently released research from PYMNTS , fraud attacks are on the rise, up 215 percent year over year. He described security as a constantly evolving struggle to identify who users really are and whether they pose risks.

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FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

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PYMNTS

OCTOBER 29, 2020

Many of these companies, although newcomers to payments, are well-known in the technology world, further driving customer expectations for speed and ease of use. How Cloud Innovations Augment Business Payments. Automating fraud detection, meanwhile, can help provide a seamless yet secure B2B payments experience.

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Payments Fraud Meeting Security 213

PYMNTS

OCTOBER 2, 2018

Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. Among the more prevalent criminal methods focused on business, according to Divitt: new relationship fraud.

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PYMNTS

FEBRUARY 11, 2020

The future of eCommerce, and fraud prevention, is flipping the script from just stopping bad transactions to enabling personalized customer experiences. Meanwhile, fraud is constantly evolving and becoming more sophisticated, occurring before and beyond the point of payment. How To Build Identity Trust .

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Fraud Security Data Tools 146

PYMNTS

JULY 2, 2020

Less than 30 percent of credit union decision-makers say their CUs prioritized loyalty innovations in the past three years, however, ranking the priority behind fraud management, real-time payments, digital wallets and other initiatives. Understanding how to support all customers and build trust can yield the best results over time.

Innovation 155

Innovation Branding Tools Innovation Strategies 155

PYMNTS

DECEMBER 12, 2018

As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity. Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience.

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Fintech Mobile Analysis Technology 211

PYMNTS

MARCH 3, 2017

Overview: Join Hannah Preston, Solution Strategist, Payment Security Division, CA Technologies and Karen Webster, CEO, Market Platform Dynamics, on Thursday, March 30th, at 1:00 PM (EST), to learn how authentication is evolving; how it could transform your security and user experience; and how you can tackle the choices and consequences.

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Independent Banker

JANUARY 31, 2022

Our older platform would not have talked to FedNow through our core provider, so it is a multilayer process to be able to use the FedNow technology,” she adds. To that point, community banks should consider how FedNow interacts or affects other products, services and initiatives and assess the value it may provide in support of those efforts.

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Community Bank Community Resources Fraud 91

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

APRIL 3, 2018

How to bring mobile banking to the realm of the spoken word – beyond the mere recitation of account data, beyond call and response? It’s about juggling bills, planning, investing, saving and, in this day and age, guarding against fraud. Thus, upon download, users are guided through the process.

Mobile 124

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PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. In fact, their slogan for the card is “Created by Apple, Not a Bank?.”

Cards 140

Cards Apple Data Innovation 140

PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. Those that are constantly developing new ways to integrate connected experiences into people’s lives will probably be at the forefront of the tech industry. PYMNTS: What do you wish you had more time to do?

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Innovation System Mobile Trends 145

PYMNTS

NOVEMBER 9, 2016

A revamp, a redo, a new and improved model — from technology to your latest spouse. In a webinar with James Rendell, vice president of payment security at CA Technologies, and Paul Baker, vice president/senior business leader of enterprise security solutions at Mastercard, PYMNTS’ Karen Webster delved into just how 3-D Secure 2.0

Security 190

Security Payments CA Technology 190

PYMNTS

OCTOBER 2, 2018

Technology that enables consumers to control their data as they shop, pay and perform other tasks online. This is how people, Berners-Lee says, will take back the power of the web from corporations.”. Users of the technology could use apps that are based on the Solid technology, which are reportedly a work in progress.

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Data Online Google social media 189

PYMNTS

JUNE 10, 2020

Getting the mobile experience right can be tricky, however, and various inconveniences have impeded users’ experiences for years. Swift-yet-secure mobile banking onboarding may require technologies that spare customers from typing in their details, for example, which otherwise takes time and can result in manual errors.

Mobile 130

Mobile Security Examples Study 130

PYMNTS

SEPTEMBER 27, 2017

No matter how impressive new technology is, its fate often lives and dies with consumer adoption. After all, if no one wants to use a new piece of tech, it doesn’t matter how groundbreaking an innovation it might be — it probably won’t be around for long. Partnering to provide a better experience.

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America Samsung Security Apple 133

PYMNTS

OCTOBER 7, 2019

Contactless cards have succeeded as well as they have worldwide for many reasons, Dobbie noted — chief among them, watching someone ahead in line use one can be all the explanation of how to use it one will ever need. Instant payment fraud is absolutely a real thing. Today, more than 90 percent of U.K.

Payments 167

Payments Innovation System Security 167

Fintech Labs Insights

MAY 24, 2017

Highlighting the fact that regulation is a key barrier to growth for banks, a post at the Trulioo blog earlier this month underscored how important it was for FIs to leverage technology to meet these challenges. ” The possibility of smaller, more effective compliance teams is another advantage that cannot be overlooked.

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Compliance UX User Experience Fraud 21

Fintech Labs Insights

MARCH 13, 2017

Since then, the company has matured; it now offers five solutions across mobile, web, and desktop to help large financial institutions combat onboarding fraud. These additional factors verify that the user matches their identity document and builds their digital identity profile in the background. ” Company facts. 30 employees.

User Experience 18

User Experience Fraud Maine Mobile 18

PYMNTS

JUNE 10, 2016

According to Brad Powers, Passport’s CTO, none of it would be possible without mobile payment technology. In fact, he said, without the rise of mobile payment technology, most parking apps would have never gotten off the ground. Sometimes, it can come from a customer’s simple desire for a more convenient and comfortable experience. “In

Mobile 100

Mobile Payments Training Wisconsin 100

FICO

SEPTEMBER 22, 2021

They are sitting on years and years of rich customer information… in some cases, billions of pieces of data that, like Legos, can be reassembled into compelling, hyper personalized customer strategies, and serve as important clues as to how to improve customer satisfaction, retention, and life-long share-of-wallet. The Race is On.

Strategy 52

Strategy Data Fintech Industry 52

Fintech Labs Insights

FEBRUARY 21, 2017

Today’s funds come from Madrid-based Mundi Ventures, a technology-focused VC firm that also operates in Barcelona, London, and Seattle. Founded in 2011, Qumram offers banks technology that lets them record and replay all digital activity and interactions with clients. million in funding today.

social media 15

social media Seattle Compliance User Experience 15

PYMNTS

SEPTEMBER 22, 2017

The second and overlooked area of innovation is in the area of user experience. Liveness detection technology scans the user’s face within five seconds and dismisses a fraudster’s attempt to gain ID authentication approval by just holding in front of the screen a static ID card that may have been stolen from the original ID holder.

Innovation 140

Innovation Knowledge Base Online Mobile 140

Fintech Labs Insights

OCTOBER 6, 2015

BehavioSec transforms behavior into a transparent additional layer of security by monitoring the way users interact with their devices in real-time. BehavioSec’s technology recognizes if a conflicting user is operating a device by monitoring the environment, rhythms, and interaction patterns that are unique to each user.

Security 12

Security User Experience Fraud Technology 12

South State Correspondent

APRIL 24, 2023

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. Self-Learning : The application learns, by itself, how to complete a task and can store and reference past history.

social media 195

social media Data Marketing Technology 195

PYMNTS

MAY 26, 2016

How is the consumer or business protected? . New models such as this are always a target for fraud. When Faster Payments first went live, online banking fraud more than doubled from the prior year. This is an area that needs ongoing attention as technology evolves.

How To 102

How To Payments Fraud Innovation 102

PYMNTS

OCTOBER 11, 2018

PSCU works with credit unions individually, and as a collective network, with an emphasis on bringing forward “leading-edge technologies,” solutions and programs that optimize credit union operations. “For every technological upgrade, there is a very human element that can get overlooked, even though it is critical. What’s Next

Fraud 140

Fraud Training Cards Tools 140

PYMNTS

NOVEMBER 30, 2018

Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. The new world of risk management, Canfield noted, is one one with a wholly new breadth and depth of threats to defend against.

Risk Management 162

Risk Management Management Payments Fraud 162

PYMNTS

FEBRUARY 25, 2020

We know how to fix this.’”. This work is meaningless, though, if fraudsters can run amok in user accounts, and restaurants are not immune to emerging, innovative fraud. It makes it so that you don’t have an overly complex user experience.”. These efforts seem to have paid off, too.

Security 140

Security Mobile Chicago Trends 140

William Mills

MAY 11, 2016

Race Data brought bank client on stage who is thrilled with the product, he also states that the technology gives context to bank call center employees as well. ^KT. Credit HQ helps demonstrate to a small business how to start trading. Katerina Frolovicheva (MD, Technologies Innovations). Ijeoma (EJ) Onuosa (Founder).

Video 40

Video Mobile social media Analytics 40

PYMNTS

OCTOBER 13, 2020

Technology, he added, is simply a way to support or augment new approaches to process. The end user experience is critical, too, he said, and must be seamless. As to that experience, remarked Ingo’s Edwards: “Anytime money has to change hands, the payment is part of the customer experience.

Fintech 190

Fintech Payments Customer Experience Examples 190

PYMNTS

NOVEMBER 2, 2017

TSYS Director of Innovation Russell Moore ’s two-year-old daughter already knows how to get Alexa to play her favorite Katy Perry song 17 times a day. In an interview with Karen Webster, Moore imagined how the Internet of Things (IoT) will evolve over the next few years. Moore believes that experience is on its way in the IoT space.

UX 111

UX blockchain cryptocurrency Technology 111

FICO

JUNE 8, 2023

At this year’s FICO Mastermind, Andrew Chow of FICO sat down with Steve Greenfield, CEO and Founder of Automotive Ventures, an early-stage automotive technology and mobility VC fund, to discuss the future of hyper-personalized automotive experiences, made possible in part by electric vehicles. Steve: 100%.

Data 52

Data Industry Examples Retail 52

PYMNTS

JANUARY 2, 2017

It was a busy year throughout the world of payments, with plenty of new technology making headlines along the way. Prpic and his team are hoping to use VR technology to transform luxury and high-end retail as we know it. McDowell said that he was not surprised to see such big names readily invest in the technology.

Retail 123

Retail Millennials blockchain Mobile 123

Vitalik Buterin

JULY 21, 2020

EIP 1559 (EIP here , FAQ here , original paper here ) is a major fee market reform proposal which far-reaching consequences; it aims to improve the user experience of sending Ethereum transactions, reduce economic inefficiencies, provide an accurate in-protocol gas price oracle and burn a portion of fee revenue.

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Community social media Examples Fraud 103

Fintech Labs Insights

FEBRUARY 14, 2017

BioCatch’s technology builds a profile for users that consists of how they use their keyboard, mouse, or mobile phone screen. When the system detects anomalies within a client’s session, it generates an alert that signals the user may be a fraudster. By bringing together our behavioral biometrics.

Fraud 16

Fraud User Experience New York Security 16