PYMNTS

AUGUST 3, 2017

Back in 2004, fraud was on the rise globally. Digital fraud was a new beast, and people didn’t know any better than to be tricked by phishing emails that today would raise red flags for even the most technologically illiterate consumers — sketchy email addresses, poor grammar and those classic sob stories from Nigerian princes, to name a few.

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PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. But what’s left out of this picture, said David Dewey, director of research at Pindrop Security , is the element of voice. They let me right in,” Dewey said. While the roll-out of EMV in the U.S.

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Fraud Cards Houston Retail 107

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. As for international research, in December 2017, data from secure payments enabler EMVCo showed that 58.9

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PYMNTS

SEPTEMBER 24, 2020

This month’s Deep Dive explores the challenges that remittance service providers face when seeking to stay compliant, the impact this has on the availability of cross-border money transfer services and regulatory technology strategies to help reduce this friction. . Correspondent Banking . The Cost of Compliance .

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FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

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Fraud Data Cyber Security Risk Management 70

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. 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. The shift to e-commerce CNP fraud.

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Fraud Cards Security US 84

PYMNTS

SEPTEMBER 9, 2016

With the Same Day ACH rollout coming in just two weeks and other faster payments initiatives taking off, financial institutions are taking significant steps to ensure the transition to a faster processing environment, including improving their payment security platforms to keep fraudsters at bay. The Mountain View, Calif.-based

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Fraud Analytics Data Payments 100

PYMNTS

MARCH 14, 2019

Facebook is the subject of a criminal investigation by federal prosecutors over the data deals it inked with some of the biggest technology companies, reported The New York Times. The Federal Trade Commission and Securities and Exchange Commission are scrutinizing Facebook, as is the Department of Justice’s securities fraud unit.

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PYMNTS

SEPTEMBER 29, 2016

Which is why online retailers are increasingly turning to companies like Shape Security , a Mountain View, California-based provider of web and mobile security applications founded in 2011, to counter ever-increasingly sophisticated types of cyberattacks. billion in fraud losses. billion in fraud losses. “We

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PYMNTS

APRIL 1, 2020

Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time. This then prompted the Federal Reserve to decide in 2011 to restrict interchange fees on PIN debit cards to no more than $0.21 Online sellers could instead rely on 3D Secure 2.0

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Cards Payments Security Fraud 141

FICO

NOVEMBER 12, 2019

Today’s post is about solving the elusive problem of first-party fraud and features commentary from Julie Conroy (Research Director at Aite Group) and Jack Alton (CEO at Neuro-ID). An executive who owns P&L for a consumer lending product line at a large bank was asked about first-party fraud and he compared the problem to a black hole.

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PYMNTS

JUNE 19, 2018

CrowdStrike , the cybersecurity technology company, announced on Tuesday (June 19) that it raised $200 million in a Series E round of financing led by General Atlantic, Accel and IVP, with participation from March Capital and CapitalG. CrowdStrike currently protects more than 20 percent of the Fortune 500 companies.”

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PYMNTS

AUGUST 12, 2016

If you plug your smartphone into a TV screen through a UBS connection, you can play a video from your phone on the monitor, although this also makes you susceptible to a little-known security risk called “video jacking,” according to Krebs on Security.

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PYMNTS

MAY 25, 2016

Apple’s encryption battle against the FBI may have simmered down, but Apple is not backing down on further bolstering the security of its devices. The tech giant has rehired Jon Callas, a top security professional, who cofounded many secure communications companies, including Blackphone, PGP Corp.

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Apple Security Course System 100

PYMNTS

AUGUST 12, 2019

The latest Subscription Commerce Tracker explores how subscription-based businesses are adapting to an ever-changing market, and how they keep their payments experience secure and how new models are emerging to stay competitive. What Security Means For Subscriptions. resulting in 60 million total domestic subscribers.

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Retail Video Security Software 118

CFPB Monitor

MAY 12, 2021

The Fed’s final rule implementing the Durbin Amendment (Regulation II) went into effect in October 2011. It also allowed a 1 cent adjustment if the issuer implements fraud-prevention standards. . In 2014, in NACS v. Board of Governors of the Federal Reserve System , the D.C.

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North Dakota Cards Regulation Fraud 78

PYMNTS

AUGUST 30, 2016

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. It has secure hardware in there with an element that can’t be duplicated,” Martin said. “So,

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Security System Technology Trends 101

PYMNTS

JUNE 6, 2016

. “We announced the liability shift four-plus years in advance of the date in August 2011, knowing that much of the rest of the world had already invested in chip technology and that there were quite a few suppliers that had chip technology in their terminals and also chip capable card technology available,” she said.”

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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.

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PYMNTS

JANUARY 25, 2017

Modern technology has revamped everything from retail to shipping, and financial services has been transformed from a brick-and-mortar business, with most transactions being conducted in person at bank branches and other physical locations, to a digital endeavor. Like so many other industries, banking sure isn’t what it used to be.

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Security Mobile Retail Data 100

Accenture

AUGUST 29, 2019

True story…I was walking through the office last week and bumped into a colleague from our analytics team, Amy, who is at the cutting edge of technology and always has the latest gadgets. Yes, nice use of technology but…. As we were talking her phone buzzed and she said, “Hey have a look at this!” percent of GDP and has created 2.6

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Strategy Study Training Technology 150

Fintech Labs Insights

APRIL 12, 2024

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

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Innovation Fintech Online Mobile 15

Fintech Labs Insights

OCTOBER 11, 2016

Lloyds Banking Group will be the first European institution to use “phone printing” technology to help fight fraud. ” Pictured: CEO, CTO, and founder Vijay Balasubramaniyan demonstrating Pindrop’s Fraud Detection System at FinovateFall 2012. .” The success rate has since reached 95%.

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Groups Technology Georgia Fraud 12

PYMNTS

DECEMBER 19, 2018

In 2011 it signed a consent agreement with the FTC that prevents it from sharing data on users without their clear consent. Protecting people’s information requires stronger teams, better technology and clearer policies, and that’s where we’ve been focused for most of 2018.”

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Data social media New York Apple 127

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. On Friday (Sept. The SEC Finding. said U.S. lending marketplace.

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Lending Fraud Management San Francisco 135

FICO

SEPTEMBER 29, 2022

It’s a route to ensuring they consistently design digital offers around the customer to continually create trust, security, and far better experiences. It drives a ‘just-in-time’ mindset towards delivering greater security with real-time, fully risk-aware and pinpoint-perfect customer acquisition offers.

Analytics 52

Analytics Data Risk Management Customer Experience 52

Fintech Labs Insights

OCTOBER 21, 2015

merchants and partners such as cash register vendors to transition quickly and securely to EMV, by making payments as easy as possible for their customers,” Klein said. merchants using the technology will be able to accept Visa, MasterCard, and American Express payments. “We are here to help U.S.

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America Technology United States Cards 12

PYMNTS

APRIL 25, 2016

Fraud is moving en masse online , though, as in-store methods are getting harder and crooks look to find the weakest link. According to the PYMNTS/Forter Global Fraud Attack Index , online fraud attacks have jumped by 11 percent since the shift in the U.S. Overall, year over year, online fraud attacks have spiked 215 percent.

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Lending Mobile Cards Fraud 100

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. Some companies just push their luck a little too far.

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Javelin Strategy & Research

NOVEMBER 10, 2015

As a result, these recent conflicts over the security of data could be the long-needed catalyst for an industry solution. In addition, Chase, Capitol One, and Fifth Third Bank have warned customers that there are security risks to handing over login credentials so that apps can act as proxies that collect banking data.

Data 40

Data Security Management Regional 40

Fintech Labs Insights

FEBRUARY 24, 2017

Phone-based fraud prevention company Pindrop Security received a major endorsement yesterday. These three entrepreneurs have all created global ecosystems and will help accelerate our growth and expansion in the voice security and authentication market.”. Clients include eight of the top 10 U.S.

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Atlanta New York Security Fraud 15

PYMNTS

AUGUST 5, 2016

Perhaps the most glowing of reviews is related to the iris scanning technology that eliminates the need to have a fingerprint unlock the phone. Authenticating the consumer to mobile banking apps and payments give this technology the potential to unleash a lot of commerce opportunities. Iris Scanning. Dynamic Pricing Algorithms.

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Fintech Labs Insights

APRIL 22, 2016

Fraud protection company Featurespace uses behavioral analytics to catch new fraud attacks as they happen to better protect financial services companies and their clients. Featurespace showed its ARIC fraud manager at FinovateEurope 2016 in London. This eliminates the need to export batch data to test updates.

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Fraud Analytics System Customer Experience 12

CB Insights

FEBRUARY 13, 2020

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. ‘PayFac’ technology simplifies underwriting and onboarding. Fraud prevention tools. ‘PayFac’ technology simplifies underwriting and onboarding merchants.

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Online Company Retail Payments 98

PYMNTS

MAY 22, 2017

That’s Neo Technology’s specialty. The company created Neo4j — an open-source graph database technology that has become the world’s leading graph database — in 2007, and the technology now serves over 200 clients including eBay, Walmart, IBM, and NASA. PYMNTS: Why was the company founded? What was the grand idea that sparked it?

Technology 101

Technology Data Retail Fraud 101

Jeff For Banks

DECEMBER 12, 2015

Based on recent press , it looks like Dynamics is morphing into a card fraud protection company, expanding its computer in a card tech to protect us from card scammers. Not sure if their technology is out there and they're earning their keep, but they have a lot of money to burn. It received $70 million in capital a year ago.

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Fintech Capital Cards Bitcoin 60

PYMNTS

JULY 25, 2019

In a recent interview with PYMNTS, Hunter’s Hydrawise product manager, Anthony Long, explained how the system functions while keeping its smart home network secure. Securing the network. All those extra features are window dressing compared to an IoT device’s top priority — security. Saving water for less effort.

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Security System Software Examples 117