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

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

Accenture

OCTOBER 3, 2017

We know almost US$1 billion was invested in PSD2-enabled services in 2016, up 200 percent from the year before¹. Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. So why not?

social media 151

social media Millennials Online Fraud 151

PYMNTS

SEPTEMBER 18, 2018

Facebook may be under fire for how it handles the data on its more than two billion monthly active users, but the social media company has been trying to get its hands on financial information from the financial services firms for years, reported The Wall Street Journal. That has been and always will be our priority.”.

social media 176

social media Data Conference Report 176

PYMNTS

AUGUST 22, 2018

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud. reached $5.1

Fraud 101

Fraud social media Knowledge Base Cards 101

PYMNTS

MAY 2, 2017

Facebook (FB) shares have hit record highs amid investor optimism on the social media giant’s upcoming Q1 earnings report. Rimašauskas has since been charged with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft. At the end of March , the U.S.

social media 108

social media Google Fraud Video 108

PYMNTS

MAY 3, 2017

Will adding a social media component, like the one offered by P2P service Venmo, push back against those awkward money requests among friends? These investments in faster payments are focused on allowing the transfer of funds between parties to not only progress faster, but with greater efficiency and security. percent to 25.5

social media 105

social media Report Payments Tools 105

PYMNTS

DECEMBER 5, 2017

The reports also coincided with revelations that tens of thousands of Russia-based social media accounts, many of which were automated bots, were posting about #Brexit in the days leading up to the Brexit vote to influence it’s outcome, according to researchers at the Times. 2016 presidential election.

social media 102

social media Company Groups Fraud 102

NCR

MAY 19, 2017

A new report has emphasized the need for banks to redouble their efforts when it comes to fighting fraud, after it found the number of account takeovers in the UK saw a major rise over the last 12 months. The post Survey shows account takeover fraud on the rise appeared first on Banking.com.

Survey 45

Survey Fraud social media Study 45

PYMNTS

MAY 16, 2019

The scam started in 2016 with an attack in Ukraine. In April, Cisco Systems’ Talos security unit warned that dozens of cybercriminal groups have found a home on Facebook, using the platform’s online marketplace to sell illegal services such as stolen credit card information and spamming tools. Moldova and Ukraine.

Georgia 116

Georgia social media Groups Conference 116

PYMNTS

NOVEMBER 27, 2018

politician said Facebook was aware that Russian-linked organizations were harvesting data from the social media giant, since October 2014, according to Bloomberg. Facebook previously said it was unaware of the activity until after the 2016 election.

social media 144

social media Software California Data 144

PYMNTS

SEPTEMBER 13, 2017

million for a bevy of crimes, including engaging in fraud fundraising, illegally possessing a gun and smuggling precious metals. Meanwhile, Zhang Min, Yucheng’s president, and 24 others were sentenced for three to 15 years, noted Reuters, citing an article on the Beijing Courts social media account. The court also fined him $15.29

social media 100

social media Fraud Groups Lending 100

PYMNTS

APRIL 7, 2017

may be at a greater security risk. consumer identities and devices are at risk due to the combination of poor security awareness and an increasing demand for mobile apps. Unlike businesses that are becoming increasingly mobile security savvy, many consumers remain unaware and vulnerable.

Mobile 100

Mobile social media Survey Security 100

Accenture

OCTOBER 9, 2017

Nowadays, communication is dominated by e-mail, texts and social media posts in volumes that dwarf those of the past using paper. They may endure for many more years, but as an innovation of the 1960s, they are inefficient, expensive and fraud-prone, unsuited to the atomized payments landscape. Precedent and Implications.

Payments 152

Payments social media Industry Cards 152

PYMNTS

APRIL 18, 2019

Social media giant Facebook has admitted that it might have “unintentionally uploaded” the email contacts of 1.5 million new users since May of 2016, according to a report from Reuters.

social media 108

social media System Report Company 108

PYMNTS

DECEMBER 14, 2018

The social media giant said it would notify people who might have been affected by the bug through a Facebook alert. “Early next week, we will be rolling out tools for app developers that will allow them to determine which people using their app might be impacted by this bug. Facebook has had a few privacy scandals over the past year.

social media 115

social media Tools Security Data 115

PYMNTS

DECEMBER 20, 2018

Thankfully, regulators are taking notice, and are passing protection laws like the General Data Protection Regulation ( GDPR ) — enforced in April 2016 and implemented earlier this year — and parts of the Second Payment Services Directive ( PSD2 ), set to take effect in September. Around The PSD2 World. Are Merchants Ready For PSD2?

San Francisco 187

San Francisco Regulation social media Data 187

PYMNTS

JUNE 27, 2017

The increased focus is a good thing — AML laws and Know Your Customer (KYC) requirements can help reduce crime, prevent terrorism and mitigate the risk of fraud. The fast-growing rates of fraud is another topic that sometimes keeps me up. billion in 2016, according to Javelin.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

JULY 3, 2017

The Rise of CNP Fraud. In October 2016, nearly 200 individuals were arrested as part of a major international sting. Forty-three countries, 75 airlines and eight online travel agencies were involved in the fraud. billion USD) every year as a result of card-not-present (CNP) online fraudulent ticket purchases.

Online 112

Online Payments Fraud Cards 112

PYMNTS

JANUARY 31, 2019

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. The con man pleaded guilty to misrepresenting his company in 2016, then later withdrew his plea and disappeared while on pre-trial release. attorney Ryan Raybould.

Tennessee 108

Tennessee social media Fraud Guidelines 108

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. Addresses compliance, fraud experience and customer experience analytics. Our platform is open source, which makes it more reliable, innovative and secure.

social media 40

social media ATM Mobile Customer Experience 40

PYMNTS

SEPTEMBER 17, 2018

Per Nathan Shields, special agent with the FBI , the details of the conspiracy and the hack(s) come from multiple sources, spanning activities such as analyzing compromised victim systems and executing approximately 100 search warrants across 1,000 email and social media accounts. Park is being charged by the U.S.

New York 188

New York Fraud System social media 188

William Mills

MAY 10, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. For Banks, Know Your Customer, is a critical security responsibility. Mills-Grimes will be live blogging at FinovateSpring 2016.

San Jose 40

San Jose Customer Experience Mobile social media 40

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security. Customers can store all of their online profiles in one secure location to improve user experience.

Video 40

Video Mobile social media Analytics 40

William Mills

MAY 11, 2016

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. 01:20 pm William Mills, CEO of William Mills Agency, and Stephen Ramirez, CEO of Beyond the Arc, discuss highlights from FinovateSpring 2016 Day 1. 01:08 pm NuData Security – @NuDataSecurity – [link]. Maria Gurina (Bus.

Video 40

Video Lending social media Analytics 40

William Mills

SEPTEMBER 7, 2016

William Mills Agency will be live blogging at Finovate Fall 2016. 09:47 am Finovate Fall 2016 Day 1 Recap. End of Day 1, check back later today for our video recap of Finovate Fall 2016! They are introducing CrossCore – First smart plug in play fraud and identity platform. About to show use case on credit card fraud.

Mobile 40

Mobile Cards Fraud Data 40

PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

Fraud 158

Fraud System Data Tools 158

PYMNTS

NOVEMBER 4, 2016

According to a report by Adweek , Ubisoft set up a microsite named Selfie Reveal to show users what data can be gleaned from pictures they innocently post on social media websites. That’s according to Ubisoft, the video game maker that is rolling out a new hacker-themed video game dubbed “Watch Dogs 2” later this month.

social media 100

social media Video Apple Data 100

ZootBlog

DECEMBER 14, 2015

As we approach the New Year, industry analysts and financial experts are rushing to publish their predictions for 2016. Regulations forced the issue, and the deadline for issuers and retailers to comply was October 1, 2015, or face liability for fraud losses. Looking Towards 2016. The transition is still underway. Mobile Wallet.

Mobile 70

Mobile Customer Experience Analytics social media 70

PYMNTS

FEBRUARY 21, 2018

We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like…. The data that belongs to you, except when it doesn’t. Oh, and they used pilfered data to do so.

Compliance 101

Compliance social media System Online 101

PYMNTS

APRIL 18, 2019

million new users since May of 2016, according to a report from Reuters. The original blog post by Facebook was a response to an investigation by cybersecurity reporter Brian Krebs, who discovered that up to 600 million passwords were exposed.

Report 123

Report Company Data social media 123

NCR

DECEMBER 18, 2015

A pilot phase for the Identity Verification Service will start in mid-November 2015 and run until February 2016, with payment service providers (PSPs) invited to take part. Businesses need to trust the information is correct and accurate, but the consumer needs to be happy that the data is secure. Trust is a two-way process.

Data 40

Data social media Online Security 40

CB Insights

APRIL 10, 2019

The biometric software behind facial recognition applications can identify facial structures, contours, and expressions, making it a no-brainer for security and identification purposes. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps.

Industry 78

Industry Examples Security Technology 78

Gonzobanker

DECEMBER 22, 2015

No one has been more successful at using social media to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond). Jill’s use of Twitter is a model for any bank CEO looking to engage on social media. New Bank Positions That Will Be Busy in 2016. Freudian Slip Award.

Community Bank 60

Community Bank Apple Community Technology 60

William Mills

MAY 9, 2018

Samsung SDS provides purpose-built solutions & services for secure mobility, digital identity and authentication, advanced analytics and retail experience in a diverse range of industries including financial services, government, and retail. Covered Security , coveredsecurity.com @CoveredSecurity. Presenters: Chris Zannetos.

Security 40

Security Samsung Strategy San Jose 40

PYMNTS

FEBRUARY 10, 2017

With more people shopping online and sharing their lives on social media, identity theft is at an all-time high. In a press release , Symantec said that more than one-third of Americans and more than 650 million people globally were victims of cybercrime in 2016 alone, making digital safety a top concern for consumers.

social media 100

social media Taxes Security Fraud 100

PYMNTS

APRIL 11, 2017

In an age where credentials are lifted and bartered and sold like the currencies hackers target themselves, the concept of anti-fraud efforts revolves around a simple idea: to make sure that the person being done business with is who they say they are in the first place. Thus, security of data becomes top of mind within a firm. “If

Data 101

Data social media Fraud Online 101