NCR

SEPTEMBER 15, 2017

While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. Where it is prevalent, EMV has proven to be a highly effective method of preventing card-present/counterfeit card fraud. million in 2016.

Fraud 84

Fraud Cards Security US 84

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

MARCH 2, 2020

In response to fraud from the American Immigration Center, the Federal Trade Commission (FTC) is sending out refunds for those defrauded, according to a press release. The fraud reportedly started in 2010, according to the FTC, when the company falsely implied it was affiliated with the U.S. government.

Payments 165

Payments Fraud Analytics Cards 165

PYMNTS

APRIL 2, 2020

consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. Card networks attract merchants with promises of faster, more accurate debit routing, and merchants pay handsomely to transact across these networks. Debit has never been more popular with U.S.

Cards 130

Cards Comparison Fraud Retail 130

PYMNTS

JUNE 22, 2016

In what is being considered the country’s biggest class-action lawsuit to date, the watchdog claims DNB charged customers roughly six times more to manage their funds over the course of 2010–2014, the Financial Supervisory Authority and the Norwegian School of Economics and Business Administration stated. District Court in Atlanta.

Atlanta 101

Atlanta Security New York Cards 101

PYMNTS

APRIL 19, 2017

A biometric security startup with a fast growing membership-based secure identification program just recently scored a considerable amount of additional funding. CLEAR , the popular security line-busting experience that can be found at some 21 airports and six baseball stadiums around the U.S.,

Security 100

Security Customer Experience Cards Fraud 100

PYMNTS

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. This has a two-pronged effect of making the site more visible and accessible, while reducing vetting and onboarding hassles and, along with them, fraud. “I Know Your Customer’s Preferences.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

FEBRUARY 20, 2017

According to a report by Reuters , Sergey Vovnenko, who went by the aliases “Flycracker” and “Darklife,” was sentenced for taking over more than 13,000 computers to get his hands on logins and credit card information. He also stole debit and credit card numbers.

New Jersey 109

New Jersey Fraud Cards Online 109

PYMNTS

JUNE 13, 2017

The recent attack on the Ukrainian power grid should serve as a wake-up call for all those responsible for the security of critical systems around the world,” warns ESET Senior Malware Researcher Anton Cherepanov in the release. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. In February, U.S.

New Jersey 100

New Jersey System Industry Fraud 100

PYMNTS

JANUARY 12, 2018

From paying for groceries through Apple Pay to paying for a ride on Lyft, many popular services today require nothing but a phone – no need to pull out a credit card or sign a receipt. Passwords, security questions, and even biometrics can’t protect users from that sort of attack — because it’s coming from inside the app itself.

Payments 118

Payments Software Mobile Security 118

PYMNTS

DECEMBER 7, 2016

Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other. Amex has always been about security — that is our heritage,” Williams told Karen Webster in a recent interview. The changing commerce landscape.

Fraud 100

Fraud Security Mobile Trends 100

PYMNTS

MAY 19, 2020

The FTC alleged the Utah-based company operated deceptive trial memberships and bogus government grant and money-making schemes in 2010. I Works asked consumers to provide their credit or debit card information to pay a $1.99 shipping, handling or processing fee.

Online 179

Online Utah Cards Operations 179

PYMNTS

APRIL 10, 2018

In payments security, the key is the key. Think of it as management by “other duties as assigned,” which is hardly an effective endeavor, as the most important security asset in a firm used to protect information (arguably the most important asset overall) is handled by people who, in some cases, have volunteered to take on the task.

Management 144

Management Security United States Data 144

PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. In 2010, LendingClub added to its war chest with a $24.5 On Friday (Sept.

Lending 135

Lending Fraud Management San Francisco 135

Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

Retail 100

Retail Apple Fraud Online 100

PYMNTS

JUNE 16, 2017

The Federal Trade Commission announced Thursday (June 15) that NetSpend, the operator of a debit card, is providing refunds to settle charges that people couldn’t access their money in their NetSpend accounts. The company, which serves those without a bank, specializes in providing prepaid Visa debit cards. reached an agreement.

Cards 109

Cards Marketing Operations Online 109

PYMNTS

AUGUST 13, 2018

Bank will sell its card processing service, Elan. Elan processes cards for 1,800 banks in the U.S., providing payment services, credit card issuing, debit card processing and prepaid card and ATM services. and more than 13 million ATMs and debit cards. and more than 13 million ATMs and debit cards.

Data 100

Data ATM Cards Fraud 100

PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. Europe and Brazil are still the top three leaders in the space.

Report 100

Report Payments blockchain Security 100

Insights on Business

APRIL 21, 2017

billion transactions in real time, including approximately 75% of annual credit card transactions in the country. It can detect and halt fraud in milliseconds. When it came on line, the credit card fraud rate in France fell for the first time in a decade. The system can learn.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

JUNE 12, 2017

First, it can help detect and avert fraud by making trends easier to spot. Zooz also offers secure data storage and protection for consumer information. It helps optimize transaction acceptance rates by showing which card types or currencies are most likely to be declined. Third, it’s configurable. We started with $1.5

Data 136

Data Retail Software System 136

PYMNTS

NOVEMBER 1, 2016

According to a person familiar with the matter, the company used a strategy of providing cash advances to local businesses in exchange for a portion of their credit card receipts. JLA Asia, the liquidator of GMF, confirmed that the company posted a net loss annually from 2010 to 2014 — with the deficit growing to HK$123 million ($15.8

Strategy 100

Strategy Cards Company Fraud 100

PYMNTS

FEBRUARY 4, 2019

Failure to meet AML/KYC requirement challenges can be costly for FIs, too, with regulators issuing heavy fines for lax security practices or failure to devote sufficient resources to oversight. Money laundering remains a significant problem in the financial services sector, though, despite the urgency brought about by 2008.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

MAY 14, 2018

The average model year of a GasBuddy customer is a 2010, and the most popular vehicles on their platform (and in America) remains trucks and SUVs – cars associated with a fair amount of gas consumption. Security, she said, is among them, since card skimming at pump readers is an endemic problem for gas station operators.

Millennials 101

Millennials Operations Mobile Cards 101

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools.

Online 98

Online Company Retail Payments 98

Jeff For Banks

DECEMBER 12, 2015

So I went to the Finovate 2010 Best of Show to see where these firms are now. It helped users save money across verticals including cell phones, credit cards, cable bills, and savings accounts. They establish the "Chip & Choice", a battery powered card that has multiple EMV chips. Lots of business cards.

Fintech 60

Fintech Capital Cards Bitcoin 60

FICO

SEPTEMBER 30, 2022

Douglas Blakey is group editor banking and payments at GlobalData and has edited Retail Banker International and Electronic Payments International since 2010. Douglas Blakey, editor, Retail Banker International. Burcu currently leads credit analytics and retail credits at Akbank, one of the largest retail banks in Turkey. Nikhil Behl.

Meeting 52

Meeting Analytics Management Strategy 52

PYMNTS

DECEMBER 2, 2016

From drugs and weapons to account passwords and stolen credit card data, the increasingly sophisticated cyber underworld was flush with Black Friday promotions and price reductions. Elsewhere knuckle-dusters were offered 20 percent off, a Taser 15 percent off, along with similar deals on stolen credit cards and accounts.

Operations 100

Operations Cards Online Industry 100

NCR

JUNE 21, 2016

Between 2010 and 2014, e-commerce sales in China rose by nearly 600 percent and it’s now the single largest market in the world for online retail – larger than the US. Even in the e-commerce market, cash is used heavily, as just eight percent of the population owns a debit card. But it won’t be easy for India.

Payments 45

Payments ATM Cards Dallas 45

FluentBanking

APRIL 18, 2020

Such limits may be attained in two to three years (2010, 2011 and 2012, respectively) after making the course contents, reading materials, library facilities and coaching facilities available to the candidates. The Institute will indicate the name of examination centre and Roll Number of the candidate in the Admit Card.

Regulation 52

Regulation Case Study Security Management 52

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down. The Outcome.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

MARCH 19, 2018

Whether friendly fraud or genuine fraud, for merchants and card issuers, the impact is growing and comes with a host of negative consequences for the entire ecosystem — especially customers. And sometimes — in the case of friendly fraud — relationships severed altogether. Lost revenues and chargebacks.

Data 154

Data Fraud How To Cards 154

PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

Fraud 347

Fraud Report System FDIC 347

PYMNTS

NOVEMBER 7, 2018

But it’s worth looking at some of the details that have been illuminated to date, to get a sense of how accounting fraud, rendered through fake documents including invoices and other means, can mean ill-gotten gains that span a significant number of decimal places. These are but a few examples of fraud to the tune of billions of dollars.

Fraud 116

Fraud Examples United States Groups 116

PYMNTS

JUNE 23, 2016

The convenience of credit cards and slimming consumer wallets may suggest that hard cash is slipping away as a preferred method of payment. It gives them that sense of security that you don’t have otherwise.”. billion kronos the country held overall in 2010. But appearances can be misleading. Today, cash accounts for 21.4

ATM 102

ATM Cards Analysis Trends 102

PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

Exercises 119

Exercises Resources Industry Cyber Security 119

PYMNTS

AUGUST 15, 2019

The “online version of a payments terminal” was how the media portrayed Visa ’s acquisition of CyberSource in 2010. At the turn of the 2010s, online commerce was roughly a tiny 4 percent of all retail sales, but growing at nearly a 15 percent annual clip. And very nascent it was.

Payments 207

Payments Online Tools Retail 207