article thumbnail

Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Those dynamics have made the dangers of fraud far less abstract to consumers. Fraud, he said, is occurring at an unprecedented rate and scale and it was far from a small issue before.

Fraud 316
article thumbnail

Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

Michigan 163
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Avoid Life Insurance Fraud

MyBankTracker

What nobody needs is life insurance fraud. Worrying about life insurance fraud probably isn’t high on your list of concerns, which is good, because the odds of something happening are likely rare, but it’s smart to have it on your radar. So if you’re concerned about life insurance fraud, don’t worry (much).

Fraud 52
article thumbnail

TRENDING: Voice Recognition Gets Its Own Backup Biometrics

PYMNTS

But, despite the disastrous news, there is reason for optimism in the fight against fraud. Payments technology provider Elan Financial Services, for one, announced it will now send two-way fraud alerts to owners of Elan processed debit cards via a new partnership with Ondot Systems. In a recent interview with PYMNTS, Kang G.

Trends 115
article thumbnail

Lenovo, Intel, PayPal Tackle Payments Fingerprint Tech

PYMNTS

A new collaboration may be bringing fingerprint payment authentication online via personal computers. Tech companies Intel, Lenovo and Synaptics recently announced they are teaming up on new technology that will enable people to verify their identities for online payments by using their fingerprints. told WSJ.

article thumbnail

87 Pct. Of US-Bound Counterfeit Products Came From China Last Year

PYMNTS

While Brons has gone to court twice in China to have the copied patents invalidated, new counterfeit products keep coming up for sale online, including on US-sites Amazon and eBay. a small business in northern Michigan that manufactures parts for archery equipment, discovered his company’s trademarks were being copied in China.

US 108
article thumbnail

The Buyers: Connecting Consumer Confidence Dots

PYMNTS

Nearly 50 percent of respondents from the University of Michigan’s latest research say their finances have improved. The director of University of Michigan’s survey, Richard Curtin, commented to Bloomberg about these new results and what it may mean for the consumer outlook.

Retail 100