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

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. ” Biometrics coming on big.

Security 100

Security Mobile Las Vegas User Experience 100

CFPB Monitor

DECEMBER 1, 2016

The CFPB has issued its November 2016 complaint report which highlights complaints about “other financial services,” a category that includes debt settlement, credit repair, check cashing, and money orders. In February 2016, the CFPB began accepting complaints about federal student loans.

Oklahoma 60

Oklahoma Oklahoma City Rhode Island Report 60

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

BankBazaar

MAY 29, 2022

United Payments Interface, which comes under the purview of the National Payments Corporation of India (NPCI), has gained phenomenal traction in India post its launch in 2016. Additional Reading: 4 Ways To Avoid UPI Fraud. Additionally, this facility would be useful in supporting large-scale re-carding in case of a data breach.

ATM 88

ATM How To Metro Cards 88

PYMNTS

FEBRUARY 10, 2017

Fast food chain Arby’s confirmed that credit card data was stolen from thousands of its customers due to a data breach that took place last month. Though the retailer wasn’t named at the time, PSCU said more than 355,000 credit and debit cards issued by PCSU-associated banks were compromised in the data breach.

Data 100

Data Cards System National 100

PYMNTS

JUNE 14, 2018

million, in 2016 alone. with more than 16,800 victims recorded in 2016. A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. . But individual consumers aren’t the only victims of identity theft.

Fraud 109

Fraud Taxes Resources National 109

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

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

NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 The region’s chip card adoption rate jumped to 52.3 per cent of cards issued.

Cards 75

Cards Regional National America 75

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. as part of a visa waiver program. billion USD.

Security 110

Security Report National Millennials 110

PYMNTS

OCTOBER 10, 2019

percent from 2016 to 2022, and uptake is rising even faster in the Asia-Pacific, which is expected to see a CAGR of 27.2 percent from 2016 to 2022. Cloud storage subscription providers are required to offer payment experiences that would-be consumers in both developed and underdeveloped nations find convenient and compelling.

Marketing 116

Marketing Payments Cards cryptocurrency 116

PYMNTS

NOVEMBER 20, 2017

Late payments, coupled with other headaches like fraud and card chargebacks, mix for a messy start to the new year. “But it’s clear late payments and issues around fraud continue to be a serious burden for these businesses and need to be addressed.” That includes fraud and chargebacks, analysts said.

Fraud 100

Fraud Survey Payments America 100

Abrigo

JULY 17, 2019

Cybercrime is on the rise within financial institutions and other businesses and continues to be at the forefront of the minds of those in the fraud prevention field. Although not all of the following types of fraud are fully internet-based, the IC3 statistics represent the cybercrime side of these crimes.

Fraud 150

Fraud Training Software System 150

PYMNTS

SEPTEMBER 17, 2018

Mobile means one can do just about anything by using their device: order food, bank online, read the news … even commit payments fraud, sometimes from the unlikeliest of places. The scams netted an alleged $25 million from 2014 to 2016. “In He and an accomplice operated from Nigeria, targeting the U.S., ” The Larger Trends.

Idaho 153

Idaho Missouri Cyber Security Fraud 153

PYMNTS

JUNE 13, 2019

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. More than 4.5

Security 129

Security blockchain San Francisco United States 129

Chris Skinner

MARCH 19, 2017

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and … The Boy who cried Wolf! Will Apple Bank be the first new American #Fintech Bank?

Conference 190

Conference New York Fintech Maine 190

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

Retail 100

Retail Cards Data Atlanta 100

CFPB Monitor

FEBRUARY 1, 2016

The CFPB has issued its January 2016 complaint report which highlights “other financial service” complaints and complaints from consumers in New York State and the New York metro area. The most common issues identified by consumers were problems with fraud or scams (46 percent) and customer service or relations (21 percent).

Metro 60

Metro New York Montana Mississippi 60

PYMNTS

MAY 9, 2016

The firm published its 2016 Small Business Fraud Report , emphasizing the risks that small businesses face in back-office fraud. billion in losses due to crimes like unauthorized payments, fraudulent wire transfers or misuse of company credit cards.

America 100

America National Capital Survey 100

PYMNTS

FEBRUARY 19, 2018

News came Friday that Special Counsel Robert Mueller unsealed indictments against 13 Russian nationals and three Russian businesses, over alleged interference in the 2016 U.S. million is the number of consumers who were the victims of identity theft in 2016 — at least that we know of. presidential election.

Fraud 120

Fraud Data social media Security 120

PYMNTS

JUNE 13, 2018

“PayStand has built a unique infrastructure capable of natively supporting Canadian electronics funds transfer (EFT) and card payment technology, essentially transforming and modernizing the entire payments lifecycle for businesses, no matter the manner of payment.”

blockchain 109

blockchain Payments Fraud Industry 109

PYMNTS

FEBRUARY 26, 2018

That data will be used to instantly verify those mobile device users around the globe with the aim of reducing fraud tied to account openings. The profits were the first the company had posted in a decade, significantly beyond analyst expectations and a sharp turnaround from 2016’s $9.71 Here are the numbers: 1.8 billion loss.

Data 100

Data Samsung Payments Apple 100

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 nuts and bolts of PSD2.

Fraud 40

Fraud Compliance Payments Exercises 40

PYMNTS

JULY 22, 2019

KeyBank’s Costly Payroll Fraud Problem . Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. A loss for KeyCorp – but by far not the weeks’ biggest, or most explosive case of fraud. Starting with.

Data 100

Data Security Fraud Indiana 100

PYMNTS

AUGUST 23, 2018

Customers of National Australia Bank (NAB) and American Express became the targets of a recent phishing scam spree in Australia, according to MailGuard reports this week. The false login page prompts victims to enter their user ID and password, enabling attackers to steal credentials and bank card details.

Cards 100

Cards National Report Online 100

PYMNTS

JULY 12, 2017

Time to join has also come down, with process to become a direct participant in the system coming in at seven months in 2016, versus 12 months to 18 months two years ago. It may come as no surprise that the PSR is also looking with renewed vigor into what banks should do combat fraud that targets money transfers via debit and credit cards.

Report 100

Report Regulation System Innovation 100

CFPB Monitor

APRIL 4, 2016

A group of Democratic Senators led by Oregon Senator Jeff Merkley is expected to introduce the “Stopping Abuse and Fraud in Electronic Lending Act of 2016” or “SAFE Lending Act of 2016.” ” In addition, the bill includes a ban on overdraft fees on general use prepaid cards.

Oregon 60

Oregon Lending National Cards 60

William Mills

SEPTEMBER 9, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. You can look at life events such as marriage, credit card, new job, etc. Addresses compliance, fraud experience and customer experience analytics.

social media 40

social media ATM Mobile Customer Experience 40

FICO

FEBRUARY 25, 2019

Since 2015-2016, we have observed a shift downwards in the relationship between repayment odds (defined as the number of on-time payers for every one defaulter) at a given FICO® Score in the U.S. Will 2019 be the year that the nearly decade-long positive trend in average national FICO score finally levels off?

Trends 63

Trends Fraud Data National 63

PYMNTS

FEBRUARY 4, 2019

The United Nations Office on Drugs and Crime (UNODC) estimates the market for global money laundering is worth approximately $2 trillion per year. One bank might require a birth certificate or passport, but another might need to see a Social Security card or government-backed identification in addition to a driver’s license.

How To 161

How To Regulation Compliance Meeting 161

PYMNTS

JULY 25, 2019

Its transaction volume increased 100-fold just nine months after its August 2016 launch, reaching 9.2 The solution also spared the company from card processing fees and reduced paper check usage. . Apps also allow smartphone users to choose from multiple accounts – even at banks – when making such transfers. . million total.

Payments 160

Payments System Tools Examples 160

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

OCTOBER 21, 2016

Hackers recently targeted a website used to raise funds for Senate Republicans in order to gain access to names, addresses and credit card data of Republican donors. De Groot said the NRSC site carried the malware through which donors’ credit card data was sent directly to attacker-controlled domains.

San Francisco 100

San Francisco Survey Security Cards 100

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. In Germany — where, until recently, about 50 percent of eCommerce transactions were paid for by Cash on Delivery (CoD) — consumers are also continuing to choose cash over credit cards. The result?

ATM 102

ATM Cards Analysis Trends 102

PYMNTS

OCTOBER 14, 2016

Measuring payment fraud and potential system capacity concerns are just two of the metrics that the company monitors to ensure the smooth sailing of its holiday shipping operation, Hull said. The 2016 holiday season post-game report is just a couple of months away. ……………. So, we’re enabling the entire supply chain when we do that.”.

Operations 100

Operations Payments Retail Fraud 100

PYMNTS

JANUARY 2, 2017

In 2016, the PYMNTS.com Tracker series kept tabs on practically everything within the payments and commerce ecosystem, from A to Z (that’s ACH transfers to Ziosk). From using virtual reality to overhauling the retail industry to shifting trends in cross-border payments, here are some of the highlights from our 2016 Trackers.

Retail 123

Retail Millennials blockchain Mobile 123