FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. In the UK, trade bodies have called for fraud levels to be considered a national security threat.

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FICO

JUNE 23, 2023

Home Blog Feed test Is Hyper-Personalization a Game Changer for Fraud Management? But fraud must be a consideration here too. Done right, a hyper-personalized experience is the key to some major challenges faced by fraud departments today. It has the potential to positively transform the customer’s experience of fraud controls.

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Fraud Management Customer Experience Strategy 52

PYMNTS

APRIL 28, 2016

Qatar National Bank (QNB) is looking into allegations that the names and passwords of many of its customers were compromised, Reuters reported on Wednesday (April 27). The largest lender in the Middle East and Africa by assets may have become the victim of a cybersecurity data breach. The Doha News website reported that 1.5

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FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

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PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region.

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PYMNTS

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. The Sydney office currently serves as the base of operations for the APAC region. Chargehound. AvidXchange.

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National Charlotte Regional Operations 101

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.

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Fraud Analytics Trends Innovation 52

PYMNTS

FEBRUARY 6, 2020

technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . Zhu Hua and Zhang Shilong were both accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

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United States US National Fraud 151

Abrigo

AUGUST 22, 2019

One option that makes it easy for BSA officers to complete required training is to attend regional meetings. These are usually less expensive, shorter, and involve less extensive travel than the larger national conferences. For example, Abrigo is hosting regional seminars in six cities across the U.S. Fraud Prevention.

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Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 93

PYMNTS

MAY 20, 2020

Making cross-border payments in the EU therefore requires interconnectivity between the regions’ various real-time payments rails. This marked the first real-time payments regulatory framework in the region that addressed all EU countries. The ECB sees TIPS as more than just another real-time payments solution, however.

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Payments Guidelines Regional Strategy 210

PYMNTS

JANUARY 9, 2020

as there is in the rest of the world,” said Stephanie Martz, senior vice president and general counsel of the National Retail Federation (NRF) , the world’s largest retail trade association. Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. comes in dead last, however, as only 59.2

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Fraud Cards Retail Security 131

PYMNTS

JUNE 2, 2017

Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. percent annually through 2020, to top $8.1 trillion that year.

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PYMNTS

JULY 16, 2020

The top court of the 28-nation bloc ruled the transfer of personal data to platforms in the U.S. Companies will have to choose between whether to move personal data to servers in Europe or stop doing business in the region. servers, The Wall Street Journal reported.

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Data US Regional Resources 212

Jeff For Banks

NOVEMBER 24, 2019

The bank, First National Bank of Keystone, was $1.1 Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere. And so went the birth of First National Bank of Keystone's meteoric rise. However, it seems unlikely that McConnell didn't orchestrate the fraud.

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National West Virginia Virginia Pennsylvania 78

PYMNTS

NOVEMBER 19, 2019

These steps would allow much more rapid liquidation of an insurance policy, including a ‘disaster dividend,’ or a ‘harm’s way’ claim, which could be used to pay for evacuation-related expenses,” the agency stated in its latest National Advisory Draft Report to the FEMA Administrator.

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PYMNTS

FEBRUARY 14, 2020

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. In today’s digital age, the concept of “identity” is changing on the global stage, especially when it comes to eCommerce.

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Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

FICO

AUGUST 30, 2018

This is a guest blog from Jonathan Williams , an expert in payments, identity and fraud prevention, working for advisory firm Mk2 Consulting. In July, the European Banking Authority (EBA) published their guidelines for reporting fraud under Payment Services Directive 2 (PSD2).

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PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. And accurately, he noted, doesn’t just mean they lock out fraud. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

Abrigo

JULY 22, 2022

And while their privacy and security are excellent, cryptocurrency networks do not yet have regulations in place in case of hacks or fraud , so consumers who fall victim to financial crime have no recourse to recover. Characteristics of crypto fraud and money-laundering. Fraud Prevention. Fraud Prevention. Learn More.

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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 technology has had its fair share of controversy, especially in the region of Xinjiang, where it has been used to spy on the area’s Uighur Muslims. The new requirement went into effect Sunday (Dec.

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Policies Mobile Maine Fraud 130

PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend some $8.1 trillion in cash payments in 2015.

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Report Regional Analysis Payments 136

American Banker

DECEMBER 21, 2016

The Federal Reserve Board has banned two former Regions Financial executives from the banking industry following their indictment on charges of defrauding the Birmingham, Ala., company.

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Regional Fraud Industry Company 28

PYMNTS

MAY 17, 2018

Regional lender in Japan, Suruga Bank , apologized this week and admitted that staff may have knowingly processed loan documents that were falsified for a struggling property investment scheme, adding to the list of corporate scandals plaguing the country, reports in Bloomberg said. Meanwhile, Prime Minister Shinz?

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PYMNTS

JUNE 2, 2016

Which is the subject for the PYMNTS Daily Data Dive 5-in-1 today: $3 Trillion | The amount the Fed’s regional banks process in payments per day. 30 | Number of “information disclosure” incidents reported by the Fed’s national cybersecurity team between 2011-2015.

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PYMNTS

NOVEMBER 8, 2020

The country was once a principal location for Wirecard's partner businesses in the region. Justice Secretary Menardo Guevarra also said on Sunday (Nov. 8) that three immigration officials had been formally charged and suspended for 90 days last month over Marsalek's travel records.

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Regional Operations National Payments 233

Abrigo

JANUARY 13, 2021

Department of Homeland Security, traffickers might use violence, fraud, manipulation, or false promises of well-paying jobs or romantic relationships to lure victims into some type of labor or commercial sexual act. Human trafficking involves the use of force, fraud, or coercion to exploit someone. According to the U.S.

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PYMNTS

AUGUST 6, 2019

Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. And beyond government efforts, FinTechs in the private sector are also promoting eProcurement digitization in the region.

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Regional Taxes System Guidelines 108

PYMNTS

JANUARY 3, 2019

As bad as one might think the risks of cybercrime are (fraud, hacking, data breaches , customer and revenue loss, lawsuits and fines), the reality is probably worse. On the national level, at least, “we’ve been focused on [potential] attacks against critical infrastructure” since the late 1990s, he told Webster. Big Mindsets.

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National Security Risk Management Fraud 169

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

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Regulation Data Regional Examples 175

PYMNTS

OCTOBER 17, 2017

Kaspersky revealed that the malware, known as FinSpy or FinFisher, is a product usually sold to nation states and law enforcement agencies for surveillance. It appears that the hackers are targeting Middle Eastern politicians and United Nations officials in the region, opposition bloggers and activists, and regional news correspondents.

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Regional Software National Security 111

PYMNTS

MARCH 16, 2017

Both national and state-level officials provided that clarification to Tungsten, the firm said. Our expansion into the country was driven by customers who are looking to conduct more business in this increasingly important region. Now they will have access to fast, efficient processing while simultaneously reducing the risk of fraud.”.

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Taxes Compliance Fraud Regional 100

PYMNTS

MARCH 13, 2020

These difficulties also affect many individuals from regions where official proofs of identity are never issued the first place. Missing identifying credentials is a major obstacle for displaced persons seeking aid or a fresh start in a new region or country. The effort had verified 1.1

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Mobile blockchain Regional Data 158

PYMNTS

SEPTEMBER 24, 2019

That sentiment was underscored earlier this month when South Korea said it would delist a number of altcoins from an exchange over privacy concerns – namely, the anonymous nature of the transactions are at odds with the goals of the Financial Action Task Force (FATF), which include combating money laundering and fraud.

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Innovation Fraud Technology Security 182

South State Correspondent

AUGUST 22, 2023

Other needs of companies include management of foreign exchange and commodity price risk, investment and debt management, fraud management, continuity planning, and bank administration/relationship management. Community banks have an inherent advantage in delivering more personalized service and faster decision-making than national banks.

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Management Community Bank Survey Community 195

PYMNTS

AUGUST 28, 2019

The deal will, in turn, allow Cryptix to apply for a license as an investment firm in the region, focusing on financing solutions for small- and medium-sized companies. The collaboration seeks to promote a “friction-free” digital identity and authentication services tied to fraud prevention.

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