PYMNTS

APRIL 1, 2019

They want to know their money is secure, they want to have a positive experience whether they are online or talking to a teller, and when things go wrong from time to time, they want to know the path to getting them set back to rights is short and straight. The Security Core. Tapping Into Trust. For example, 49.1

Innovation 141

Innovation Fintech Fraud Security 141

PYMNTS

MARCH 2, 2020

Instead, she noted, an estimated $240 billion is going out the door to fraud, waste and abuse (FWA). We securely store over 18 petabytes of sensitive data — this is a significant amount of data that we’re dealing with every day,” she said. “And And we detect and defeat over 200 attacks on our network every minute of every day.

Fraud 216

Fraud System Security Leadership 216

PYMNTS

DECEMBER 13, 2018

The good news — and there is always good news — is that merchants, card networks, issuers and others in the payments and commerce space have pretty good technology, too (or, at least, theoretical access to it), and that prevention of crime provides ample room for innovation. He described the current era as “Fraud 3.0.”.

Fraud 160

Fraud Innovation Cards Payments 160

PYMNTS

JANUARY 20, 2020

Now four months in, he told Webster that the idea of a secure and trusted payments ecosystem is part of Visa’s “corporate DNA.” Regardless of the product or initiative, every conversation starts and ends with a single overriding question: “Is it secure?”. It has motivated a different approach for fighting fraud in the 2020s and beyond.

Security 168

Security Fraud Risk Management Payments 168

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

Security 139

Security Report CA Fraud 139

PYMNTS

FEBRUARY 3, 2020

But cybercriminals — as the January 2020 edition of the PYMNTS Digital Fraud Tracker points out — have found municipalities, and have been enthusiastically moving through them as they’ve discovered municipal employees, unused to being targeted, make an excellent target for phishing attacks. Cybercrime Comes To Call In Cities Large And Small.

Security 237

Security Baltimore Atlanta Portland 237

Abrigo

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. The innovative world of digital assets has made big strides since its inception in 2009. Would you like other articles like this in your inbox? Rapid Growth.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

JULY 5, 2019

The government is among those whose expertise and data can add fuel to digital ID innovation efforts — and such involvement will likely to have increase over time, according to a new PYMNTS interview. Another main goal of bringing about better digital ID? Digital ID Catalyst. An Inclusive Solution.

Innovation 156

Innovation social media Data Security 156

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

PYMNTS

SEPTEMBER 19, 2019

This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

Fraud 144

Fraud Data Mobile Tools 144

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. That’s why banks, such as TD Bank , are approaching call center security needs with tools like MFA, said Lindsay Sacknoff, head of U.S.

Security 152

Security social media Tools Knowledge Base 152

PYMNTS

MARCH 8, 2018

Every business walks the same tightrope when it comes to processing payments: Convenience versus security. It doesn’t matter if the business is consumer-facing or serving other businesses (B2B); security is top of mind for all of them, yet adding more layers can introduce more friction, and that can scare customers away.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

FEBRUARY 21, 2019

That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. In the February Intelligence of Things Tracker , PYMNTS examines how countries, developers and consumers are responding to increased calls for security, as well as how the IoT market is growing worldwide. Around the IoT World.

Security 180

Security Data Conference Regional 180

PYMNTS

OCTOBER 12, 2018

For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. That fear, according to David Barnhardt, EVP of product at fraud prevention firm GIACT , is not unwarranted or unreasonable.

Fraud 184

Fraud Payments Security System 184

PYMNTS

FEBRUARY 4, 2020

Growing concerns about online security, fraud and infrastructure costs intensified in the period after the rollout, and generated ongoing questions over the safety of the API-driven Open Banking platforms developed to comply with PSD2 and GDPR. SCA Questions Stall Innovation. Security Concerns Mount . France, the U.K.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

SEPTEMBER 8, 2020

Research can even quantify the value of trust to merchants, Gauthier said, noting Amazon research has found that across consumer demographics, security and trust tend to hold more value than either pricing or selection. And we see it as one of our responsibilities to bring those innovations to our merchants.”.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

OCTOBER 29, 2018

But those gains come with fresh concerns about digital security. Security Vulnerabilities. The main areas of security risk? Those devices are not the microchips from those programs in Wisconsin and Sweden — nor, of course, the chips implanted into pets.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

APRIL 15, 2019

Not every innovation is a good innovation. Security solved. As it turns out, security researchers at Kaspersky Lab have found a darknet marketplace in which hackers are selling digital fingerprints. The fraud is fairly easy to pull off because it bypasses many existing controls for capturing it.

Fraud 129

Fraud Data Security Ohio 129

Insights on Business

NOVEMBER 22, 2017

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

Fraud Payments Innovation Industry 125

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. PYMNTS: How would you define Applause’s approach to innovation? PYMNTS: How would you define Applause’s approach to innovation? Our approach to innovation is two-fold. Innovation is only valuable if it’s usable.

Innovation 121

Innovation Customer Experience Mobile Security 121

PYMNTS

FEBRUARY 14, 2020

The fraud prevention race is the same as it has always been, with merchants and security companies sprinting to stay ahead of cybercriminals to keep data safe and secure. Although fraud losses from banks, retailers and online platforms have continued into 2020, so has security innovation.

Fraud 150

Fraud Security Kentucky Online 150

PYMNTS

MARCH 28, 2019

As outlined in the new Credit Union Innovation Playbook , a collaboration between PYMNTS and PSCU , trust is essential for CUs’ success. As outlined in the Playbook, data security and anti-fraud initiatives are top innovation priorities for members and CU executives. In fact, 81.3 For example, 49.1 For example, 49.1

Fraud 139

Fraud Innovation Fintech Security 139

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In her view, financial institutions are indeed coming together to share common compliance concerns, and in doing so, are working openly to create innovative solutions and put the pieces together.

Compliance 192

Compliance Security Payments Community 192

PYMNTS

JULY 29, 2019

That ideal applies to sellers of products and services alike, and helps to fuel and guide so much innovation going into 2020. But all that work – every single touchpoint on that digital and mobile journey – provides ample opportunity for criminals to exploit any error or opening and make gains via fraud. Larger Lessons.

Fraud 148

Fraud Customer Experience Innovation Retail 148

PYMNTS

JULY 13, 2020

Technology may have had a place in the real estate industry for some time, but its main purpose until now was in facilitating the consumer’s initial steps in the home buying process. KYC, Security In The Digital Onboarding Age.

Data 198

Data New York City New York Fraud 198

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

MAY 18, 2016

As President of Trulioo, Jon Jones is passionate about protecting consumers and businesses from all facets of fraud and subsequent loss — but he doesn’t believe that doing so effectively has to come at the expense of technological innovation. In many ways, RegTech can be viewed as an innovation enabler.

Innovation 100

Innovation Technology Regulation Fraud 100

PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

United States 174

United States Security Innovation Mobile 174

PYMNTS

AUGUST 15, 2018

Businesses in nearly every industry need to worry about risks, especially when it comes to fraud and security. In response, FIs from around the space are rolling out new innovations and turning to artificial intelligence (AI) and machine learning (ML), investing $19.1 Around The Digital Banking World. Meanwhile, U.K.-based

Fraud 103

Fraud Report US Digital Banking 103

PYMNTS

JANUARY 24, 2020

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Fraud Issues Stemming From Paper Check Use.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

NOVEMBER 1, 2017

The updated 3D Secure 2.0 In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way. 3D Secure 2.0

Security 109

Security Payments CA Data 109

PYMNTS

SEPTEMBER 17, 2019

A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR). A recent partnership between consulting firm CGI and invoice payment solution provider Ordo aims to make invoice processing safer and more secure.

Cards 130

Cards Payments Fraud Phoenix 130

PYMNTS

MARCH 29, 2016

According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . As our lives become more digital by the day, our digital footprints grow, as does the possibility for compromised identities and security hacks.

Fraud 100

Fraud Online Cards Security 100

PYMNTS

JULY 16, 2019

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. For other companies, GDPR is the main concern as they move to expand operations within Europe.

Strategy 188

Strategy social media Regulation Retail 188

PYMNTS

OCTOBER 28, 2016

The recent global distributed denial-of-service cyberattack on hundreds of thousands of smart devices shined a big, booming light on the vulnerability that exists around IoT and security concerns. And in its aftermath, companies are feeling an increased urgency to bolster their security platforms.

Fraud 100

Fraud Security Retail Samsung 100

PYMNTS

MARCH 30, 2016

That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. But the General cautioned that tackling fraud across the payments ecosystem today is a job for experts.

Fraud 100

Fraud Innovation Payments System 100

PYMNTS

JANUARY 22, 2019

Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Now, they are doing all this digital innovation, and it’s really moving the needle,” he said. Fraud Prevention Optimism. Heck, yeah!”. Investment Risk.

How To 144

How To Fraud Online Mobile 144