Fraud Innovation Knowledge Base Online 
PYMNTS
JULY 28, 2020
Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. Researchers dubbed synthetic ID fraud the “fastest-growing form of identity theft” in the U.S.
PYMNTS
SEPTEMBER 4, 2019
Whether bank or business, call centers need to make sure they’re providing an innovative, robust experience for the customer online, over the phone, through mobile apps and on social media. To learn more about how TD Bank is innovating its call center experience, visit the Tracker’s Feature Story.
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PYMNTS
JUNE 11, 2020
Biometric recognition technology uses a combination of artificial intelligence (AI) and machine learning (ML) to scan, analyze and store users’ biometric data, such as fingerprints, facial features, voices or even online browsing patterns to confirm that users are who they say they are. Digital Innovation, Legal implementation.
PYMNTS
APRIL 22, 2020
New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report. FIs have been interested in biometrics ever since fingerprint-based login became a common functionality on smartphones and other devices.
PYMNTS
SEPTEMBER 22, 2017
Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. PYMNTS: How would you define your company’s approach to innovation? SS: Our approach to innovation is two-pronged. SS: Our approach to innovation is two-pronged.
PYMNTS
SEPTEMBER 12, 2019
In the United Kingdom, 70 percent of adults feel as though there are already too many identity checks required for online purchases. Both merchants as well as payments providers have expressed worry over how this difference in opinion may affect card abandonment and online purchase behavior.
NCR
DECEMBER 15, 2017
As exciting and beneficial as these innovations might be, it’s the job of the FI to think about the potential flaws and weak points in biometric systems that could be exploited by fraudsters. These might involve the use of one-time passcodes or knowledge-based authentication. What are the risks?
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