PYMNTS

DECEMBER 11, 2017

Federal Reserve System has appointed its Payments Security Strategy leader, the agency announced Friday (Dec. He will lead the Fed’s initiative to address payments fraud risk and boost the security of payments in the U.S.

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Security Kansas City Payments Boston 112

PYMNTS

NOVEMBER 6, 2019

When it comes to fighting fraud, it’s not really what you know – not exactly, at least. Fraud is big business, with online losses topping some $14.7 As Xie discussed with Webster, the best general practice is to take a proactive approach to fighting fraud – but that’s much easier said than done. New vs. Old Fraud.

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PYMNTS

MARCH 1, 2019

While the benefits were great, the innovation came with its share of risks, too. If preventative measures aren’t taken, however, faster payments could open the door to more fraud and cyberattacks. Fraud opportunities. Once payments started moving in seconds, however, fraud instances quickly shot up. Security strategies.

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Security Payments Fraud Cards 134

PYMNTS

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. The following Deep Dive delves into the steps companies can take to ensure their employees are knowledgeable about phishing and are at the front lines of anti-fraud efforts.

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Fraud Policies Security Resources 249

PYMNTS

MAY 4, 2016

Bluefin Payment Systems, which offers point-to-point encryption (P2PE) solutions to several industries, including retail and health care, said on Tuesday (May 3) that it will also add the Visa Data Secure Platform (DSP) to its portfolio, through its Decryption-as-a-Service P2PE Solution.

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FICO

MAY 9, 2019

Congratulations to UBS Card Center on winning the Security Innovation of the Year award at the Retail Banker International Awards. We are gratified by this industry award recognizing our success in stopping fraud.”. The post UBS Card Center Wins Security Innovation Award with FICO AI appeared first on FICO.

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PYMNTS

JUNE 12, 2019

One of the biggest forms of education-related fraud is as simple as it is prevalent: students sending someone else to take tests for them. This type of fraud played a significant role in this year’s widely publicized college admission scandal. The university began utilizing a webcam-based system in 2015. Trust, But Verify.

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Online Fraud Analysis Study 145

PYMNTS

SEPTEMBER 30, 2016

Fraudsters have been causing problems for retailers over the past four quarters, leading to a 137 percent jump in fraud attacks and affecting $7 out of every $100 made in retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. The collaborative study with Forter measures the rate of fraud attempts made on U.S.

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Fraud Data Cyber Security Study 100

PYMNTS

MARCH 18, 2016

Embedded digital security company Oberthur Technologies released on Thursday (March 17) the results of a survey showing that 80 percent of respondents would be more likely to use a MOTION CODE-enabled card over one that has a static and printed CVV code when shopping online.

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Cards Security Fraud Online 100

PYMNTS

MARCH 29, 2016

According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . As our lives become more digital by the day, our digital footprints grow, as does the possibility for compromised identities and security hacks.

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PYMNTS

SEPTEMBER 9, 2016

The company is in the rapidly expanding space of fraud protection for eCommerce. Signifyd was founded Raj Ramanand and Mike Liberty, fraud experts who were previously with PayPal. At the end of 2015, the company announced it had a run rate of $5.6 At the end of 2015, the company announced it had a run rate of $5.6

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PYMNTS

OCTOBER 1, 2019

The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Developments Around The Digital Fraud World. consumers lose more to romance-based fraud than any other type of scheme.

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Fraud Millennials Regulation Trends 156

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Then, there was sudden exponential growth in innovation.

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Bank Innovation

AUGUST 16, 2018

alone, Aite projects “over 300% growth from 2015 to 2020—from $100.3 A study released today by research firm Aite and Early Warning, owner of the bank-based P2P firm Zelle, found that P2P payments will triple by 2020. In the U.S. billion to $316.6 billion” […].

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Fraud Payments Study Operations 186

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business. percent in Q1 2017.

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Fraud Data Delaware New York City 109

PYMNTS

MAY 8, 2019

PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management. Williams reportedly was president of a Celadon subsidiary called Quality Companies during the period of alleged fraud. Fraud Allegations.

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Fraud Report Indianapolis Leadership 135

PYMNTS

NOVEMBER 10, 2017

For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. One of the easiest areas for internal fraud to occur is in employee expensing. But always, in every organization, there are a few who are commuting fraud.

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Fraud Compliance Policies Technology 112

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Castle, founded in 2015, said it has raised $9.2 Fraud Prevention Innovation.

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Retail Fraud Case Study San Francisco 118

FICO

NOVEMBER 20, 2019

The only way is to innovate, learn and adapt. That is how UBS Card Center, which processes some 25% of card transactions in Switzerland, keeps fraud rates down and cardholders happy. And for the past 20 years, UBS have been using the FICO® Falcon® Platform and working in partnership with fraud experts from FICO. by FICO.

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Video Fraud Cards Analytics 40

NCR

APRIL 26, 2017

The ATM Industry Association’s (ATMIA) 2016 annual fraud survey found that the proportion of respondents revealing a general increase in ATM crime dropped to 42 percent , from 51 percent in 2015. This emphasises the fact that one of the most testing aspects of ATM security today is the need to fight on several fronts.

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PYMNTS

NOVEMBER 20, 2019

Barclays is collaborating with Hitachi on a biometric scanner designed to accelerate and boost the security of corporate transactions. The technology, which is billed as being more secure than fingerprint scanning, will enable corporate treasurers and other clients to complete banking transactions without having to input a password or PIN.

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Security Digital Banking Technology Fraud 124

NCR

JULY 28, 2017

This convenience offers many advantages to the consumer, but financial institutions and consumers need to recognize one of the biggest disadvantages of this technological expansion: the increased risk of digital banking fraud. million instances of fraud and two million computer misuse offenses in England and Wales alone. .

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Fraud Digital Banking Survey Security 74

PYMNTS

JULY 29, 2019

These FIs are increasingly relying on AI and automation not only to secure platforms and streamline their back-office operations, but also to improve their customer-facing services. The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services.

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PYMNTS

MARCH 22, 2016

Alexander, at PYMNTS’ Innovation Project 2016 last week at Harvard, gave a sobering reality check about the cybersecurity threats that could become an even scarier reality in the click of a button. We aren’t where we need to be today,” Alexander said in March 2015. And we can thank innovators and new technologies for that.

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PYMNTS

JANUARY 29, 2020

Many of these tools are designed for consumers and not employers, however, and B2B financial innovation has proceeded at a much slower pace. Healthcare, retirement and Social Security contributions must be packaged with more common payroll information and securely distributed to each worker, then recorded once again in business filings.

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ZootBlog

JANUARY 14, 2016

Over the past several years as banks focused on staying in compliance with myriad new regulations, innovation slowed—nearly to a standstill. In 2015, I predicted it would be the year banks took back banking. Grass roots innovation is something taking hold within banks. Innovation, alive and well.

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Innovation Industry blockchain Customer Experience 73

PYMNTS

FEBRUARY 26, 2020

In today’s top news, the stock market takes its biggest hit since 2015 due to mounting fears over the coronavirus, and an ex-Microsoft engineer is found guilty of stealing $10 million in digital currency. The S&P 500 lost $1.737 trillion, the largest drop since 2015, when the Chinese government devalued the yuan amid the U.S.-China

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PYMNTS

DECEMBER 20, 2019

Retailers and other customer-facing platforms adapted alongside the internet to offer these payment innovations, but legal firms still view many of these methods with trepidation. Digital disbursements have consumer advantages, but compliance and data security challenges may disincentivize legal firms from following DoNotPay’s lead.

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PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows.

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Payments User Experience Training Case Study 183

PYMNTS

DECEMBER 28, 2016

While the EMV liability shift took place in October 2015, many of the effects of that shift were felt throughout 2016. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. But with the good comes the bad.

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Cards Payments eBook Fraud 116

NCR

NOVEMBER 21, 2016

In October 2015, the European Parliament passed the revised Payment Services Directive (PSD2), with EU member states given two years to make the required changes in national legislation to comply with the new rules. ” The fraud implications. . ” The fraud implications. The nuts and bolts of PSD2.

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Fraud Compliance Payments Exercises 40

FICO

SEPTEMBER 21, 2016

Online banking electronic payments fraud is on the rise, as fraudsters explore security gaps in the emerging banking channels. For instance, data released by Financial Fraud Action UK , shows that UK online banking fraud losses increased by 38% in 2014 from 2013, and by 64% in 2015 from 2014.

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Analytics Fraud Payments Retail 40

PYMNTS

FEBRUARY 7, 2017

The report noted that, while Plaid has only been around since 2015, it has connected to millions of end users via contracts with companies, including OptionsHouse, and non-government entities, including charities.

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Technology Tools Analytics Fintech 100

PYMNTS

SEPTEMBER 4, 2018

Such questions are addressed in a new PYMNTS story that features an interview with Sebastien Clamagirand, general manager of secure payment and identity at NXP Semiconductors. Meanwhile, Visa recently released data showing that counterfeit fraud ticked down at U.S. The main message he offered?

Cards 110

Cards Payments United States Maine 110

PYMNTS

APRIL 11, 2017

According to the PYMNTS.com Global Cash Index™ , a Cardtronics collaboration, Americans spent a total of $2,359 billion in cash in 2015, and cash usage in the U.S. In 2015, cash usage in the U.S. remains higher than in Western European countries. represented 13.1 percent of the U.S. “We Brown explained. Cash’s New Digital Utility.

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ATM Mobile Innovation Security 103

PYMNTS

MARCH 22, 2016

Cayan Senior Vice President of Engineering Dominic Lachowicz explained that his organization’s hackathons are much-needed breaks from the tedium of digital innovation, not to mention crucibles of more than a few advancements that are effecting real-world impacts.

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Payments Google Innovation Fraud 100

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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