PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent. contact-form-7].

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

AUGUST 3, 2016

The company released its Fraud Barometer this week and said Brexit generated a “perfect ecosystem” for fraud, thanks to economic and market uncertainties. But less dramatic instances of fraud could occur as businesses are looking to remain strong as the U.K. million in 2015, according to reports.

Fraud 100

Fraud Report Marketing Operations 100

PYMNTS

APRIL 10, 2017

Experian, the credit rating company, is getting into the biometrics market, inking a deal with technology company BioCatch to use behavioral biometrics to fight fraud. ” Reuters noted that financial companies are looking to use more sophisticated technologies to fight online fraud.

Fraud 104

Fraud Online Cards Lending 104

PYMNTS

JULY 5, 2017

Fraud is like gluten. Most organizations have resigned themselves to the fact that, despite their defenses, fraud is just a part of doing business. But fraud costs an average of 7.5 But fraud costs an average of 7.5 But alongside all of that opportunity comes risk of fraud.”. There’s got to be a better way.

Fraud 161

Fraud Survey Retail Resources 161

PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

Retail 120

Retail Marketing United States Fraud 120

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. The 62-year-old California resident will face a minimum of a decade in prison, according to the Department of Justice.

Bitcoin 130

Bitcoin Fraud cryptocurrency California 130

PYMNTS

APRIL 26, 2017

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. As machine learning has evolved over the years, so has the level and type of fraud.

Fraud 121

Fraud San Francisco Retail Branding 121

PYMNTS

FEBRUARY 2, 2017

Combating cyberfraud is a “balancing act,” says Sift Science, a fraud detection software company. And the number of things corporations have to juggle to safeguard their data — from the numerous types of fraud to the copious technologies that combat it all — mean cybersecurity is no easy task. Beyond Fraud.

Fraud 100

Fraud Security Payments Survey 100

PYMNTS

MARCH 1, 2019

He served jail time in connection with fraud and conspiracy, centered on accounting tricks that were partly used to cover financial losses. The Enron fraud resulted in estimated losses in the tens of billions of dollars, and relied in part on mark-to-market accounting, which inflated asset values. Founder and Chairman Kenneth L.

Fraud 108

Fraud Payments Report New York 108

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. Coronavirus Decimates US Stock Market $1.7T stock market is taking a hit due to mounting fears over the coronavirus.

Nevada 142

Nevada Marketing US Payments 142

PYMNTS

SEPTEMBER 20, 2019

The market seems to have tightened in recent months, however. Another new entrant in the subscription market is Facebook, which is testing a subscription model for its Facebook Watch hub, which includes BBC-owned BritBox, Tastemade Plus, Discovery Communications’ MotorTrend on Demand and CollegeHumor’s Dropout.

Fraud 108

Fraud Google Apple Resources 108

PYMNTS

MARCH 31, 2016

This week, PYMNTS, in collaboration with Socure , released the March edition of the PYMNTS.com Digital Identity Tracker TM , featuring all new research surrounding the increase in online fraud fueled by the increase in EMV card chip tech adoption. Fraudsters have been able to stay one step ahead,” said Karen Webster, CEO of PYMNTS.com.

Fraud 100

Fraud Online Resources Survey 100

PYMNTS

JANUARY 24, 2020

The Italian government is setting aside $3 billion for the venture, with the goal of cutting down on fraud and black market deals. He added that because of a thriving black market economy, more people in Italy use cash because it’s not as traceable as digital payments.

Payments 234

Payments Fraud Taxes Technology 234

PYMNTS

SEPTEMBER 27, 2019

MyPayrollHR Founder Faces $70M Fraud Charge. The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling. Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs.

Fraud 116

Fraud Fintech District of Columbia Payments 116

PYMNTS

APRIL 13, 2016

Fraud prevention technology provider ACH Alert has partnered with Venture Bank to provide customers with real-time fraud protection through its PRO-TECH solution, the companies announced on Tuesday (April 12).

Fraud 100

Fraud Operations Examples Technology 100

PYMNTS

DECEMBER 10, 2018

Earlier this year, the company launched MoneyGram.com in 21 new markets. The company reportedly failed to prevent at least $125 million in fraudulent transactions from April 2015 to October 2016. MoneyGram said the fraud happened due to external circumstances. MoneyGram has been leaning into its digital growth.

Mobile 142

Mobile Marketing Customer Experience US 142

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.

Fraud 109

Fraud Data Delaware New York City 109

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.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

JULY 13, 2018

It turns out companies are having some success in the everlasting battle against corporate fraud — in B2B, email phishing scams and supply chain attacks in particular. Elsewhere, the government — particularly the White House — is turning its attention to fraud. Specifically, with a task force.

Fraud 100

Fraud Oklahoma Survey Cards 100

PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

blockchain 115

blockchain Fraud Bitcoin Survey 115

FICO

DECEMBER 13, 2019

We have just published our latest interactive map of European card fraud , based on data from Euromonitor International , and the results may seem confusing. While banks across Europe have stopped more fraud than ever, the total fraud losses in the 19 countries surveyed rose for the first time since 2015. What’s going on?

Fraud 52

Fraud Cards Trends Regional 52

ZootBlog

DECEMBER 14, 2015

In 2015, the financial industry made a point to enhance the customer experience by leveraging massive amounts of data from phone calls, emails, mobile apps, ATMs, and websites. was the last major market to adopt this technology as their payment standard. Advanced Analytics. The transition is still underway. Looking Towards 2016.

Mobile 70

Mobile Customer Experience Analytics social media 70

PYMNTS

MAY 8, 2019

On his LinkedIn page, Meeks lists 13 years of employment at Celadon, including jobs as president and CEO from August 2015 until April 2017, and as COO before that. Williams reportedly was president of a Celadon subsidiary called Quality Companies during the period of alleged fraud. Fraud Allegations. Department of Justice.

Fraud 135

Fraud Report Indianapolis Leadership 135

NCR

AUGUST 7, 2017

As contactless card transactions become increasingly common in markets such as the UK and on public transit globally, it seems inevitable that there will be growing concerns around the potential for fraudsters to exploit this form of payment. million lost to contactless fraud in 2015. percent of total card fraud in the UK.

Fraud 85

Fraud Cards Security Comparison 85

PYMNTS

MARCH 14, 2017

A new report by Global Market Insights reveals that the market size for mobile POS terminals will gain significant growth in the coming years, with a compound annual growth rate (CAGR) of more than 19 percent from 2016 to 2023. According to a press release , the POS Terminal Industry is expected to be valued at $103.52

Retail 164

Retail Mobile Marketing Samsung 164

PYMNTS

APRIL 25, 2016

CNNMoney reported that a special group of British police officers, known as the Fraud Squad, confiscated money orders totaling £30 million ($43 million) after arresting a 58-year-old man for money laundering. 2015 and then was later converted to euros. law enforcement last week. and then out into bank accounts around the world.”

Fraud 100

Fraud Groups Operations Report 100

PYMNTS

APRIL 10, 2017

But often, stats going up — like inflation, the Federal Interest Rate, and corporate payment fraud levels — threaten the growth of small businesses. Corporate payments fraud , marking 2016 as the year in which more U.S. Inflation means U.K. SMEs are experiencing a 3.2 percent increase in business expenses, said Barclays.

Fraud 100

Fraud Lending Mobile Payments 100

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.

Fraud 84

Fraud Cards Security US 84

Gonzobanker

DECEMBER 22, 2015

Well, what do we say about 2015? And, give or take a stumble or two, we snuck through it and did a reasonable job on 2015 objectives, in our humble opinion. So, it seems we’re good with only one outstanding item—digest the 2015 GonzoBanker Awards! 2015 Executive Call-out. Community bank marketing resources.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

MARCH 2, 2016

For the last couple of years, cybersecurity has stood out as one of the strongest segments of the tech sector, but some new reports show the market may be cooling down in 2016. Last year in particular was huge for cybersecurity; in December a forecast from Gartner said worldwide spending on cybersecurity in 2015 was expected to reach $75.4

Marketing 100

Marketing Security Report Company 100

PYMNTS

OCTOBER 17, 2018

Today’s coverage includes the latest developments in fraud, along with Volkswagen’s eCommerce plans. Losses due to this type of fraud reached $40 million in 2017, an increase from $20 million in 2015 and $27 million in 2016. .” billion in market value from CVS and its rivals.

Cards 155

Cards Fraud Payments Online 155

PYMNTS

DECEMBER 27, 2019

By offering the incentive, they hope to cut down on black market deals and fraud, they say. He said a more negative reason for the resilience is that the black market economy in Italy is a thriving one, which means more transactions are done with cash rather than more traceable means. But the change is not welcome to everyone.

Payments 150

Payments Fraud Cards Marketing 150

FICO

AUGUST 11, 2016

FICO has just published the interactive European Fraud Map infographic , based on data from Euromonitor International. The following is a guest post from Kendrick Sands, Senior Analyst - Consumer Finance at Euromonitor , on the trends shown for European card fraud in 2015. You can follow Kendrick Sands’ blog posts at [link].

Fraud 40

Fraud Trends Online Payments 40

FICO

FEBRUARY 18, 2020

For a while now, folks at FICO have been talking about the convergence of fraud- and financial crime-fighting data, processes and systems. The smartphone provides a good analog of the multi-faceted convergence of fraud and financial crime domains. Convergence Is Complex. But it’s actually much more than that. Building Out a Framework

Fraud 52

Fraud Strategy Compliance Customer Experience 52

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. .

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. The filing comes days after the company revealed that it was expecting a lawsuit to be filed against it.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

PYMNTS

JULY 3, 2019

Their collaboration aims to address procure-to-pay regulatory compliance and fraud risks, the firms said. The Streamline for Invoices solution is an automated invoice processing tool with integrated artificial intelligence algorithms, developed by ITESOFT to mitigate the risk of fraud.

Fraud 115

Fraud Resources Compliance US 115