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

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PYMNTS

OCTOBER 9, 2020

This includes upgrading digital security measures, but the resurgence of brick-and-mortar commerce has required upgraded technologies to accept contactless payments and mobile wallets. These include running scheduled checks on their platforms to detect fraud.

Fraud 188

Fraud Retail Report Online 188

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. The Flaw In Demonizing Big Tech. SBA reports show that $510.5 Trackers And Reports.

Maine 130

Maine ATM Innovation Millennials 130

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. Memory Technology. The main areas of security risk?

Fraud 176

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PYMNTS

JANUARY 30, 2020

This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Fraud 107

Fraud Payments Regional Strategy 107

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. Fuels are formulated with dual detergent technology called Dynaflex. Shell employs 8,500 people in India and retails fuel in six states. . percent by 2025. percent by 2025.

Cards 159

Cards Fraud Operations Management 159

PYMNTS

DECEMBER 21, 2020

Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. Department of Justice recently warning consumers to be on the alert for virus-related fraud. It also examines which solutions or strategies merchants can employ to prevent such fraud.

Fraud 210

Fraud Cards Retail Resources 210

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

NOVEMBER 17, 2020

Over 60 percent of banks say fraud volumes are rising, with over 40 percent reporting that average fraud hit value is going up. Under COVID, one study finds that 22 percent of Americans had been targeted by pandemic-related fraud attempts as of April.

Fraud 182

Fraud Study Analytics Tools 182

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

JUNE 17, 2019

However, digital platforms face a major barrier in delivering these experiences: poor fraud detection. For digital platforms, fraud represents a two-headed beast. As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. About the Playbook.

Fraud 117

Fraud How To Payments Survey 117

PYMNTS

FEBRUARY 17, 2020

With some analysts projecting a trillion IoT-enabled devices to be in use around the world by 2035, defending the IoT ecosystem is becoming more crucial as emerging technologies spread across business sectors and spark the development of smarter cities, homes and automobiles. Across the Intelligence of Things (IoT) Space. About The Tracker

blockchain 249

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CFPB Monitor

JUNE 3, 2021

Ballard Spahr Senior Counsel Alan Kaplinsky hosts the conversation. Click here to listen to the podcast.

blockchain 60

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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. percent.”. “And

Fraud 100

Fraud Retail Cards Samsung 100

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

Fraud 138

Fraud Cards Data Tools 138

PYMNTS

APRIL 14, 2017

While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.

Fraud 112

Fraud Online Big Data Taxes 112

PYMNTS

APRIL 15, 2019

The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. They might just say, ‘I need to update my direct deposit information,’” Erik Nyberg, director of information technology at KVC, told CNBC. “Or

Fraud 129

Fraud Data Security Ohio 129

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

PYMNTS

JANUARY 8, 2020

In a new PYMNTS interview, Karen Webster talked with Yinglian Xie, CEO and co-founder of DataVisor , about some of the new trends in fraud, and why the travel industry is a big target for increasingly sophisticated criminals. Fraud Types. But it’s not just so-called cash-out attacks that present threats. . Broader Costs.

Fraud 136

Fraud Online Trends Industry 136

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

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. One salve: Machine learning can help these businesses operate smoothly in making choices about who they can and cannot trust. 86.1%: Percentage of online merchants who expect to see the same or more fraud and abuse attempts in 2017. .

Fraud 100

Fraud US Data System 100

PYMNTS

JANUARY 3, 2019

Mobile payment and commerce apps, order-ahead technology, and food delivery services like Uber Eats and Grubhub have, indeed, led to the shipment of hamburgers, and the spread of other digital retail features throughout the world of QSR. A simple business would remain simple, no matter how much eCommerce grew.

Fraud 192

Fraud Operations Retail Online 192

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 Ministry of Industry and Information Technology announced the move in September and didn’t say what was going to happen to existing phone customers. The new requirement went into effect Sunday (Dec.

Policies 130

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PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Advanced analytics technologies could help FIs tackle such issues, however, by making it easier for FIs to detect potential red flags.

Fraud 231

Fraud Security Payments United States 231

PYMNTS

SEPTEMBER 23, 2020

The pandemic’s effects on online banking and cloud solution usage may significantly affect how such technologies are deployed — and what standards are set for their use — in the near future. The technology’s speed and seamlessness have long appealed to banks, but many are now also eyeing the cloud to keep their data secure.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

JANUARY 17, 2020

Platforms responsible for person-to-person (P2P) transactions, such as RV sharing website RVshare , rely heavily on consumer trust, which can be immediately erased if an instance of fraud leaves customers without goods or money. Is fraud a risk? RVshare’s Multi-Tiered Anti-Fraud Approach.

Fraud 130

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PYMNTS

JANUARY 9, 2020

Edenred’s operations focused mainly on Dubai. Arnaud Erulin, chief operating officer, Edenred Europe, Middle East and Africa, said Edenred is “improving the daily lives” of UAE residents that are under- and unbanked with its mobile app “that each year adds new functionalities to closely match their needs.”.

Cards 131

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PYMNTS

APRIL 9, 2019

Medical diagnostic technology built by Google and a sister company can detect diabetic retinopathy — an eye condition that can cause blindness — with as much accuracy as a human doctor. It’s hard to find fault with one of the latest tests of artificial intelligence (AI). In fact, true AI systems are used by only 5.5 percent of FIs.

Fraud 194

Fraud Study Maine Data 194

PYMNTS

FEBRUARY 14, 2019

On the other hand, use of technologies like fuzzy logic and advanced AI are still relatively rare. percent of FIs have fuzzy logic technology, and 5.5 As use of learning technologies like these grows more ubiquitous, FIs are continuing to learn the business areas in which they can add the most value. Today, nearly 70.5

Fraud 173

Fraud Study System Innovation 173

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

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. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”. The solution?

Online 159

Online Fraud System New York 159

PYMNTS

DECEMBER 8, 2020

Nonetheless, Many FIs are looking to simplify and secure their onboarding procedures while also enabling customers to stay safe during the pandemic, leading them to seek out innovative technologies to do so. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2

Video 211

Video Report Meeting United States 211

PYMNTS

JANUARY 13, 2021

The good thing is, despite all of those negatively impacted to the point of failure, the businesses that have embraced digitization and new technology are actually more optimistic because they believe their client base has expanded. Among those investments: data safety, fraud prevention and fulfillment. and around the world.

Tools 215

Tools Data Meeting Maine 215

PYMNTS

DECEMBER 9, 2020

There are countless technologies banks are employing to help them in this task, but none are as effective as artificial intelligence (AI). The Playbook outlines six key operations that can be enhanced by applying AI systems, ranging from fraud detection to marketing optimization and even personalized chatbots.

How To 245

How To Management Report Strategy 245

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. In fact, missteps in digital fraud prevention can, as Stuppy said, “put the entire digital investment at risk.” Fraud Prevention Optimism. Heck, yeah!”.

How To 144

How To Fraud Online Mobile 144

PYMNTS

JANUARY 28, 2020

Virtual cards allow AP departments better control over expenses and cash flow, improve operational efficiencies and guard against card fraud. Among other things, Northwood said BirchStreet’s new module BirchStreet Pay allows operators to pay by check, automated clearing house (ACH) and virtual card. About The Tracker.

Cards 143

Cards New Jersey Texas System 143

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Banking Transformed Banking Transformed by the Financial Brand’s Jim Marous has new episodes several times a month and features executives from financial institutions, financial technology firms, authors, consultants, and other experts in the banking industry. BankTalk 3.

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