FICO

APRIL 24, 2017

Financial Fraud Action UK (FFA UK) recently released their 2016 UK fraud performance report. Whilst there were some logical changes between 2015 and 2016, I was surprised at the fluctuation and significant shifts fraudsters have made in order to circumvent existing controls.

Fraud 68

Fraud Trends Mobile Cards 68

FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

Fraud 98

Fraud Survey Customer Experience Retail 98

Abrigo

JANUARY 3, 2024

As explained further below, financial institutions should comply with the 2016 regulatory definition of beneficial owners. One important aspect to reconcile between the 2016 CDD rule and the new final rule is the definition of the “control” prong. Stay up to date on AML/CFT and fraud trends with more professional development.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

DECEMBER 23, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip. Download the eBook.

Payments 100

Payments eBook Fraud Cards 100

PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of EMV-Enabled Cards. Throughout 2016, financial institutions continued to roll out new EMV-enabled cards to their consumers.

Cards 116

Cards Payments eBook Fraud 116

PYMNTS

FEBRUARY 9, 2017

Eckoh has brought a customer’s ability to pay with ease to the next level with the announcement that it can now take a secure payment directly via live web chat (“Live Chat”). Live Chat is believed to be more secure — and convenient — for consumers.

Security 100

Security Payments Fraud Cards 100

PYMNTS

NOVEMBER 6, 2018

In addition to creating new value for our retail customers around the world, StopLift’s fraud detection technology will be a key enabler of our frictionless commerce product strategy.”. Hayford said in the press release. “In

Retail 144

Retail Fraud Massachusetts Technology 144

PYMNTS

DECEMBER 6, 2016

KnowBe4 , a security awareness training and simulated phishing platform provider, launched a new tool designed to help IT managers combat CEO fraud, or Business Email Compromise (BEC) as it is referred to by the FBI. Those replies are then recorded and made available for IT managers to download and review if needed.

Tools 100

Tools Fraud Training Security 100

PYMNTS

JUNE 22, 2017

There’s another way, though, in which the fear of fraud bears down on the enterprise. A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. to understand how payments fraud is limiting corporates’ path to success. percent increase from 2016.

Fraud 108

Fraud Innovation Survey eBook 108

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

Fraud 100

Fraud Online Cards Security 100

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.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

OCTOBER 16, 2020

Financial crime is a constant worry for banks, credit unions, FinTechs and other financial institutions (FIs) and businesses, with total fraud losses totaling $1.45 A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total. trillion a year. Banks in the U.K.

Fraud 222

Fraud Payments Security Data 222

PYMNTS

MARCH 10, 2017

On the other hand, around that same time the IRS released data showing that phishing and malware incidents in the 2016 tax season increased by 400 percent. In response, the external digital risk management team recently released its research assessing dark web and criminal chatter related to tax fraud so far this year.

Taxes 144

Taxes Fraud Risk Management Data 144

PYMNTS

FEBRUARY 9, 2017

Brokers/dealers were concerned about the potential for consumers to exercise their rights under Regulation E to assert that a transaction was unauthorized up to 60 days after its settlement, despite the fact that securities settlement transactions are exempt from Reg. A Window Of Opportunity. A Window Of Opportunity.

Security 100

Security Risk Management Conference Industry 100

PYMNTS

AUGUST 17, 2017

This year, spending on IT security efforts to help avoid future cyberattacks will reach an all-time high, according to Gartner’s latest research. Here are the numbers: $93 billion | Amount Gartner predicts information and IT security services will be for 2018.

Security 109

Security Data Management Retail 109

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.

Fraud 123

Fraud Payments Security Data 123

PYMNTS

AUGUST 15, 2016

Electronic or ePayments are simple, fast, convenient and (mostly) safe, but it’s 2016 and forms of ePayment are still not the dominant or most accepted form of payment for consumers. But “management prefers to use paper checks” was another line heard over and over again in the survey. “We

Survey 100

Survey Fraud Payments Data 100

PYMNTS

DECEMBER 19, 2018

19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time risk management across banking and commerce. Citi Ventures made a strategic investment in Feedzai in 2016, and this partnership is the next phase in their relationship. “Our

Risk Management 162

Risk Management Management Customer Experience Analysis 162

PYMNTS

FEBRUARY 27, 2018

trillion in 2016, but companies aren’t always able to see where their dollars are going. The latest report from eNett International , “ It Pays To Know: Fraud In Travel Payments ,” warns that payments fraud is plaguing the global travel space, though, in this case, the issue is imbedded deep within the travel supply chain itself.

Fraud 104

Fraud Marketing Payments Analysis 104

PYMNTS

JANUARY 24, 2021

Software such as Cygnet Infotech’s FACE is becoming increasingly important as governments require electronic invoicing, sometimes called elnvoicing, to combat tax fraud. Hutheesing told PYMNTS in August: “It is without doubt that this would help fraud mitigation and achieve higher secured environment.

Taxes 178

Taxes Compliance Software Fraud 178

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a biometric). a password).

Fraud 52

Fraud Survey Cards Customer Experience 52

PYMNTS

AUGUST 24, 2018

We are tapping our deep capabilities in data analysis to help KeyBank with fraud detection.”. The more complicated but more interesting part of the platform, according to Mastercard’s President of Enterprise Risk and Security Ajay Bhalla , as noted in 2016 , is the difference in approach that AI takes to making its “choices.”.

Fraud 106

Fraud Security Cards Data 106

PYMNTS

FEBRUARY 6, 2018

Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. This is the percentage of new account fraud victims who discover they are, well, victims when they are contacted by a debt collector. Digital DNA.

Fraud 120

Fraud Data Security Cards 120

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. What’s great about virtual conferences is that you can register , today, to attend.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59

PYMNTS

AUGUST 9, 2020

Shanmugaratnam, 54, the owner of Citadelle Corporate Services, a corporate management services company at the heart of an investigation, is the first person outside of Wirecard to be linked to the suspected fraud at the disgraced German payments company. million euros ($209 million) at the end of 2016. million euros ($169.5

Fraud 265

Fraud Report Groups Company 265

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Zain Hak, general manager for Shell Fleet Solutions Asia, said the company’s fleet management experience spans 30 countries, giving it “an in-depth understanding of the needs of fleet owners.” .

Cards 159

Cards Fraud Operations Management 159

PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

Payments 128

Payments eBook Fintech Regulation 128

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged.

Mobile 109

Mobile Payments eBook User Experience 109

PYMNTS

OCTOBER 20, 2016

To attend this live digital discussion on Wednesday, November 2, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. 3D Secure 2.0 ’s Built around the increasing popularity of mobile commerce, 3D Secure 2.0 Vice President, Product Management, Payment Security at CA Technologies.

Security 100

Security CA Cards Strategy 100

PYMNTS

JUNE 13, 2016

This week’s Data Digest goes out to all of the managers out there. Whether you’re part of the C-suite or an entrepreneur leading your own business, managers keep the business running. 88% of finance professionals anticipate a rise in payments fraud , said TD Bank in its latest analysis.

Management 100

Management Survey Fraud System 100

Celent Banking

SEPTEMBER 3, 2015

I am delighted to announce that we now accept nominations for Model Bank 2016. There are some changes to the Model Bank process in 2016. Cash Management and Trade Finance. Security, Fraud and Risk Management. Model Bank is the most prestigious award a financial institution can receive from Celent.

New York 100

New York Risk Management Maine Fraud 100

PYMNTS

AUGUST 1, 2016

To attend this live digital discussion on Wednesday, August 31, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. No incessant authentication requests … all without sacrificing their security. Enter intelligent Payment Security. Now located in the U.S.,

CA 100

CA Security Payments Cyber Security 100

PYMNTS

MAY 24, 2016

It’s no secret that, as fraudsters continue to evolve and increase the sophistication of their tactics, the­ fraud prevention landscape must do the same in order to stay one step ahead. With global fraud attacks on the rise , Forter is looking to transform the need for retailers to manage these rules-based systems that produce scores.

Fraud 138

Fraud Innovation Retail System 138

PYMNTS

FEBRUARY 10, 2017

While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud. Identity Fraud On The Rise. Despite efforts by the industry, fraudsters successfully adapted to net 2 million more victims in 2016. A large chunk of U.S.

Fraud 100

Fraud Cards ATM Trends 100

FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

Fraud 52

Fraud Survey Customer Experience Retail 52

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. Social Security number as an identifier.

Security 110

Security Report National Millennials 110

PYMNTS

JANUARY 30, 2018

In corporate finance, the tool could upend the status quo of supply chain management, cross-border payments, invoicing and document sharing and more. Because so many developers are deploying blockchain for the purpose of enhanced security, the executive added, “ensuring the technology is glitch-free is critical.”.

blockchain 144

blockchain Security Software Tools 144