PYMNTS

OCTOBER 15, 2018

As fraudsters continue to chip away at profits and threaten firms’ financial stability, security providers and banks alike are investing in solutions compliant with 3D Secure (3DS), protocols, which protect both consumers and the companies serving them. 3DS was initially introduced in 2001, and has continued to evolve over the past 17 years.

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

DECEMBER 10, 2020

Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. KYC regulations require companies to prevent money laundering and protect themselves from being linked to criminal enterprises by accurately verifying their customers?

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Video Digital Banking User Experience Tools 201

PYMNTS

NOVEMBER 22, 2017

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” For instance, AI can detect fraudulent activity with much greater speed and accuracy than the human eye by watching for known fraud patterns and behaviors to flag suspicious transactions. Kaplan gave a few examples of where this is true.

Data 187

Data Branding Cards Mobile 187

PYMNTS

MAY 22, 2017

That depends, says counterterrorism and cybersecurity expert Richard Clarke, on what companies, banks and regulators are willing to learn from the incident. 11, 2001, terrorist attacks. A recent report found financial service companies lose an average of $16.53 million each year because of cybercrimes.

Regulation 116

Regulation National Online System 116

PYMNTS

OCTOBER 13, 2017

Amid all this embrace of mobile commerce, half of all chargebacks come from the online channel, and the cost for online retailers tied to fraud is 8.6 Recognizing the device and patterns of usage, he said, turns out to be useful tools and effective predictors of potential fraud in an eCommerce environment. There will be 2.9

Security 108

Security CA Payments Analytics 108