PYMNTS

MARCH 15, 2019

The new Digital Fraud Tracker highlights the latest developments in payments fraud, and how different companies are working to keep funds safe from bad actors as payment solutions grow increasingly faster. Around the World of Digital Fraud. Australia’s CNP fraud problems seem to be part of a broader pattern.

Fraud 153

Fraud Payments Security System 153

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. . How Mobile Financial Startups Can Bridge the Security Gap. Around the AML/KYC Worl d.

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Security Fintech Fraud Compliance 185

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

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That’s where Kevin Lee comes in. Changing Scope. The stakes could hardly be higher.

Fraud 169

Fraud Data Maine System 169

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in Ghana and Uganda are exploring changes to their remittance rules to keep payments secure.

Fraud 180

Fraud Payments Regulation Security 180

PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

Fraud 52

Fraud social media Cards Security 52

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. Consumers expect secure and fast access to digital tools.

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Maine ATM Innovation Millennials 130

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

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

OCTOBER 18, 2018

In the latest Digital Banking Tracker , PYMNTS examines how customer migration to mobile and digital offerings is creating security related challenges for banks big and small — and how financial institutions (FIs) around the space are working to solve them. How Banks Are Weaponizing Data To Fight Fraud. About the Tracker.

Fraud 178

Fraud social media Data Trends 178

PYMNTS

MAY 27, 2020

The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it. Around The FI Fraud Decisioning World. Cross-channel fraud is a major threat, and FIs need to quickly detect if it is occurring.

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Fraud How To Analysis Strategy 245

PYMNTS

OCTOBER 29, 2018

“The latest generation of these implants comes with management software for both clinicians and patients, installed on commercial-grade tablets and smartphones,” the report said, adding that the “connection between them is based on the standard Bluetooth protocol.”. But those gains come with fresh concerns about digital security.

Fraud 176

Fraud Wisconsin Data social media 176

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

MAY 15, 2018

The Central Bureau of Investigation (CBI), India’s main investigative agency in the country, has filed charges in the Punjab National Bank fraud case against Nirav Modi, the jewelry retail owner, and his uncle Mehul Choksi, as well as senior executives at the state-run lender.

Fraud 100

Fraud National Maine System 100

PYMNTS

APRIL 16, 2019

From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. adults are concerned about the security of their financial data when making payments at these venues. Mobile wallets , however, have advantages that span from convenience to security. percent.

Security 140

Security Mobile Retail Survey 140

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

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. Zain Hak, general manager for Shell Fleet Solutions Asia, said the company’s fleet management experience spans 30 countries, giving it “an in-depth understanding of the needs of fleet owners.” .

Cards 159

Cards Fraud Operations Management 159

PYMNTS

NOVEMBER 21, 2018

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. However, call centers need to implement these security measures in a way that doesn’t introduce frictions into the customer experience.

Trends 190

Trends Fraud Customer Experience System 190

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.

Security 109

Security Payments CA Data 109

PYMNTS

FEBRUARY 17, 2020

The pharmaceutical, healthcare and transportation sectors are among blockchain’s early adopters, and 63 percent of respondents cited security and trust as main reasons for adopting the technology. Cisco Uses IoT Security To Build Smart Cities. It is projected that the global IoT smart cities market will reach $219.6

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blockchain Maine Security Data 249

PYMNTS

MARCH 4, 2020

APIs can become major targets for hackers and fraudsters, however, and businesses need to step up their API security in response. The collaboration enables Revolut customers to view data about all their different banks and bank accounts all in one spot in the app, thus supporting easier financial management. Around The B2B API World.

Fraud 242

Fraud Examples Security Management 242

PYMNTS

APRIL 24, 2020

There is a great deal of economic uncertainty in the world today, as many banking managers and executives are acutely aware. These circumstances have brought to the fore what has long been a central concern for lenders: assessing and managing credit risk. percent expect these systems to improve credit/portfolio risk.

Payments 251

Payments Fraud Study System 251

PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. As an analogy, he said, think of an airport security setup, where the clear majority of users are not terrorists, yet the current system demands an unpleasant and inefficient process. That’s only a tongue-in-cheek statement, as proffered by Webster.

Fraud 100

Fraud US Data System 100

PYMNTS

OCTOBER 7, 2020

The expansion of digital banking and payments has also contributed to a rise in cybercrime — 32 percent of consumers noted in one study that they had been the targets of COVID-19-related fraud, for example. Why Shifting Consumer Spend Is Prompting Security Onboarding Moves. Around The Digital Onboarding Worl d.

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Online Report Tools Fraud 223

PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

Fraud 228

Fraud Security Cards System 228

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. ML: As executive vice president and CIO, I am responsible for the technology and security solutions we provide and how they are positioned in the marketplace.

Innovation 108

Innovation Security Payments Mobile 108

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. Social Security number as an identifier.

Security 110

Security Report National Millennials 110

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. He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. Security Takes Center Stage.

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Compliance Regulation Guidelines Security 225

PYMNTS

SEPTEMBER 17, 2019

The all-new Securing B2B Payments Report highlights how these solutions are helping B2B partners to quickly and securely make payments and keep their relationships strong. 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

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

MAY 12, 2016

Online merchants know very well that fraud costs them in many ways – in chargebacks, in false positives, in the friction that’s introduced at checkout that can cost a sale. But there’s nothing like putting the cost of fraud into the parlance that merchants know really well: units sold. Kount: Calculating The 9 Deadly Costs Of Fraud.

Fraud 100

Fraud Taxes Online Report 100

PYMNTS

OCTOBER 22, 2018

A sense of control and security goes a long way toward building confidence, and that’s especially true in payments and commerce. According to a statement, Ondot has “secured a strategic funding investment” from Citi Ventures that will help Ondot expand internationally and develop products. More Mobile Management.

Mobile 173

Mobile Payments Security Fraud 173

PYMNTS

OCTOBER 14, 2020

Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. consumers adopted contactless payment methods for their in-store purchases while others stuck with debit as the main means for their mobile or eCommerce transactions,” according to PYMNTS October Next-Gen Debit Tracker®.

Cards 182

Cards Fraud Study Online 182

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

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. When it comes to fighting fraud, there is a two-tiered model that is emerging.

Fraud 100

Fraud Retail Cards Samsung 100

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

FICO

MARCH 30, 2021

While the phrase has become a bit hackneyed (I did grit my teeth a bit while I wrote that first sentence), this past year the pandemic truly impacted not just major parts of our personal lives, but how we handle our fight against fraud and financial crime. . FICO Solutions. FICO solutions tackle all these pain points and more.

Fraud 52

Fraud Data Resources Study 52