PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. ATMs are common avenues for fraud, however, especially those that are running outdated software. billion by 2024. About The Tracker.

Analytics 266

Analytics Fraud ATM Report 266

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. By performing a thorough staffing assessment of your AML and fraud teams, you understand the resource needs to meet all quality and regulatory expectations.

Training 195

Training Fraud Leadership Resources 195

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. FinTechs Help Main Street Find Its Footing. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 4, 2019

The 2018 holiday season has barely ended and it’s a good bet that retailers and payments players have yet to identify all the fraud that took place. The rest of the year will bring other such attacks, and no doubt new attacks barely imagined even by veteran fraud-prevention experts. Criminal Rings. Criminal Patience.

Fraud 190

Fraud Online How To Course 190

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. The global smart fleet management industry was valued at $290.9 The global smart fleet management industry was valued at $290.9 percent by 2025. percent by 2025.

Cards 159

Cards Fraud Operations Management 159

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. One of the most important links in the chain of e-commerce fraud is the “mule”. Fraud Prevention. Fraud Trends. Fraud Prevention.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

OCTOBER 29, 2018

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. The main areas of security risk? Security Vulnerabilities.

Fraud 176

Fraud Wisconsin Data social media 176

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

Fraud 125

Fraud Payments Innovation Industry 125

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

Abrigo

MAY 24, 2023

“Without full access to the banking and payments system, legal cannabis businesses are forced to operate in the shadows,” said Sen. As such, companies are forced to operate in a cash-only model, which can result in robbery, money laundering, and organized crime. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

JULY 31, 2018

Visa has announced a strategic global partnership with Sabre that will allow the technology provider for the travel industry to utilize CyberSource , Visa’s payment management platform. Currently, more than half of the world’s top 50 airlines already use CyberSource solutions for fraud and payment management.

Payments 104

Payments Fraud Management Industry 104

PYMNTS

JANUARY 3, 2019

Innovation is certainly playing an increasing role among QSRs, but the gaps between what consumers expect and what managers seem to want (and are comfortable with) are still significant. QSR apps are viewed favorably by nearly 92 percent of customers, while only 27 percent of QSR managers think positively of this ordering and payment method.

Fraud 192

Fraud Operations Retail Online 192

PYMNTS

FEBRUARY 1, 2017

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. The pain point varies by the product mix, Byrnes said. And if you’re completely digital, it’s 8.6

Fraud 100

Fraud Retail Cards Samsung 100

PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. The ability to provide convenience will become “a huge competitive differentiator” over time, he said, citing Amazon, with its famed quick checkout process, in turn predicated on the ability to manage risk accurately and in real time.

Fraud 100

Fraud US Data System 100

FICO

JULY 13, 2020

But for criminals, working individually or in fraud rings, these vehicles (or any vehicle, for that matter), present an attractive opportunity: finance the vehicle, sell it illicitly, and pocket the cash. An estimated 10% to 15% of auto finance companies’ bad debt book actually classifiable as first-party fraud.

Fraud 52

Fraud Analysis United States Risk Management 52

PYMNTS

FEBRUARY 17, 2020

In the February Intelligence of Things Tracker , PYMNTS examines how connecting devices can promote efficiency, optimized operations and streamlined organizational structures — but doing so can also create favorable data breach conditions for fraudsters. Cisco Uses IoT Security To Build Smart Cities.

blockchain 249

blockchain Maine Security Data 249

PYMNTS

JULY 30, 2019

He will also be the main contact person for the regulatory agencies tasked with oversight of Visa in the more than 200 countries in which it operates. Before that, Fabara worked at Barclays Bank as global chief operating officer for Barclaycard. He also worked as chief operating officer, card services, at Alliance Data Systems.

Strategy 174

Strategy Operations System Security 174

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

AUGUST 18, 2017

Managing any company’s books can be quite complicated. Further adding to that complexity is the fact that enterprises today operate on the global stage since eCommerce makes it easier than ever to sell across borders. That can make managing cash flow from concept to payments a headache. and overseas.”.

Compliance 115

Compliance Management Taxes Maine 115

PYMNTS

JANUARY 9, 2020

Mint is the second-largest company handling pay distribution and management for under- or unbanked UAE workers. Edenred’s operations focused mainly on Dubai. Credit card issuers can use the biometric match data to boost approval rates and reduce the potential for card-present fraud.

Cards 131

Cards Leadership ATM Maine 131

PYMNTS

JANUARY 22, 2019

Years later, memories of cramming can make us cringe or induce a nostalgic celebratory attitude: “Hey, I actually managed to do it! 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. Fraud Prevention Optimism.

How To 144

How To Fraud Online Mobile 144

Independent Banker

JANUARY 31, 2022

A recent report by Cornerstone Advisors found that bankers are either strongly interested in or already working with fintechs in three main areas: digital account opening (71%), mobile wallets (41%) and fraud/risk management (47%). Fraud and risk management. Digital account opening.

Community Bank 159

Community Bank Community Fintech Risk Management 159

PYMNTS

SEPTEMBER 10, 2019

Companies therefore must either invest in teams of AML specialists or in fraud-fighting technologies. . The September AML/KYC Tracker examines the latest fraud challenges and efforts to ensure tight security and compliance. . This is especially true given rising rates of mobile fraud attempts that put customers especially on guard.

Security 185

Security Fintech Fraud Compliance 185

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Main Street Banking: A Podcast for Community Bankers 8. Fraud Prevention. Banking Transformed 2. BankTalk 3. Breaking Banks 6.

Community 195

Community Lending Maine Resources 195

PYMNTS

DECEMBER 2, 2019

1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards. The law doesn’t say anything about nationality or mobile virtual network operators, which are in the business of reselling services. The new requirement went into effect Sunday (Dec.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

JANUARY 28, 2020

Virtual cards allow AP departments better control over expenses and cash flow, improve operational efficiencies and guard against card fraud. The bank is using Bottomline’s Digital Banking IQ relationship management and insights platform to better customize and leverage its relationship with each customer.

Cards 143

Cards New Jersey Texas System 143

PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. That’s the view from Reinhard Hochrieser, director of product management at Jumio. The main weakness, according to Hochrieser? The solution?

Online 159

Online Fraud System New York 159

FICO

SEPTEMBER 18, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity-based application fraud. Will they be profitable?

Fraud 51

Fraud How To Policies Strategy 51

PYMNTS

SEPTEMBER 23, 2020

These rules govern how digital banking is managed and which types of data are considered sensitive, and they were developed to keep pace with a steady rise in digital banking adoption. The main aspect is perceived security,” Schmidt said. “In Security Takes Center Stage.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

JANUARY 13, 2021

The main story the data is now telling, Phalen said, is that the digital transformation we’ve seen over the last several months isn’t a flash in the pan or a phase. Among those investments: data safety, fraud prevention and fulfillment. and around the world. It’s here to stay and is in some sense just getting started.

Tools 215

Tools Data Meeting Maine 215

South State Correspondent

SEPTEMBER 30, 2022

A couple of weeks ago, we delved into the origination and operating costs of manufacturing commercial loans ( HERE ). This expense category includes direct marketing expense, sales/branch expense allocated to selling deposits, and the cost of employee sales efforts (including management overhead) associated with cross-selling.

Operations 361

Operations Marketing Data Analytics 361

PYMNTS

FEBRUARY 14, 2019

percent use data mining, and nearly 60 percent use business rules management systems (BRMS), making them the most commonly used learning systems. They tend to throw everything into fighting fraud, while putting significantly less effort into enhancing customer-facing operations, like payment services. Today, nearly 70.5

Fraud 173

Fraud Study System Innovation 173

PYMNTS

JULY 10, 2020

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can seamlessly and safely place orders. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud.

Mobile 162

Mobile social media Report Fraud 162

FICO

SEPTEMBER 20, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity fraud, specifically for application fraud.

Fraud 45

Fraud How To Policies Strategy 45

PYMNTS

DECEMBER 18, 2020

The three challenges firms identify as the most problematic when it comes to managing AR are high operating costs (50.1 These unwieldy processes raise operational costs and generate unnecessary errors. Firms that have implemented more technology for automating AR seem to be better at managing cash flow as well.”.

Study 190

Study Innovation Payments Technology 190

PYMNTS

JANUARY 22, 2019

Years later, memories of cramming can make us cringe or induce a nostalgic celebratory attitude: “Hey, I actually managed to do it! 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. Fraud Prevention Optimism.

How To 108

How To Fraud Mobile Online 108

PYMNTS

JANUARY 13, 2020

During the session, Karen Webster talked with Amyn Dhala, vice president, global product management, AI Express, Mastercard, about what it will take to get AI into more financial institutions (FIs) and other operations in the coming years. PYMNTS/Brighterion research has documented the challenge ahead. Take just a few data points: 63.6

Fraud 207

Fraud Customer Experience Data Technology 207