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

PYMNTS

DECEMBER 30, 2016

Bank heists and data breaches saw no shortage in 2016, and corporates large and small could no longer avoid the risk of a cyberattack. Half of companies surveyed, however, are depending on outdated technologies and solutions to stay secure. What technologies are emerging to combat threats in B2B payments? “As

Fraud 145

Fraud Security Survey Technology 145

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

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. Airmax Remote’s technology delivers complete accuracy and definitive reporting to identify fuel savings for fleet operators.”. “We Fraud could be causing more than 5 percent in fuel savings for businesses, researchers noted.

Fraud 100

Fraud Cards Survey Management 100

PYMNTS

APRIL 7, 2017

“One of the main considerations when entering an agreement like this is the security element,” Christiansen told PYMNTS, adding that API technology enables a secure and reliable method of data exchange. Technology provides opportunities to use these records to create new consumer tools that help improve financial lives.

Data 191

Data Technology Security Tools 191

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. Additionally, today’s marketplace is increasingly technology-dependent.

Fraud 121

Fraud San Francisco Retail Branding 121

PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. 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.

Fraud 100

Fraud Cards ATM Trends 100

PYMNTS

NOVEMBER 13, 2020

Technologies such as automation and blockchain are thus receiving more attention from businesses, especially as the volume of data that accompanies cross-border transactions expands. The growing threat of fraud is perhaps the most critical adversary businesses are confronting during the pandemic. companies losing roughly $1.77

Technology 162

Technology Payments blockchain Security 162

PYMNTS

DECEMBER 6, 2020

MonetaGo , which specializes in blockchain technologies, and GUUD Company , which focuses on making international trade smooth, have teamed up on international financial transaction security, MonetaGo announced in a press release. Both companies are based in Singapore. Going paperless has to happen.”.

Security 205

Security Fraud Regional blockchain 205

PYMNTS

MAY 2, 2018

Those tapes were supposed to be destroyed in May 2016. The investigation revealed that the tapes held no data that could enable account fraud, only information such as customer names, addresses, account numbers and transaction details.

Data 115

Data Video Fraud Regulation 115

PYMNTS

OCTOBER 26, 2018

Maeder, co-founder of the Loyalty Fraud Prevention Association , a group that offers resources, information and best practices to companies with loyalty programs, digital fraudsters have been using account takeovers (ATOs) to target these offerings. The Rising Tide Of Rewards Fraud. According to Peter R. billion worldwide.

Fraud 143

Fraud How To Cards Security 143

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

APRIL 7, 2017

With President Trump’s claim of voter fraud on a massive scale in the 2016 presidential election, it may be time for the country to rethink its voting process. This isn’t the first time that there have been issues with voting in the United States — or wild claims of voter fraud. that are taking steps in that direction.

blockchain 102

blockchain Technology United States Florida 102

Payments Dive

FEBRUARY 8, 2018

As the technology behind payments becomes more advanced and readily available, so too are the possibilities for fraud. The Federal Trade Commission’s online database of consumer complaints reports 13 million complaints from 2012-2016, 42% of which were fraud related, and 13%, identity theft complaints.

Payments 170

Payments Fraud Online Technology 170

PYMNTS

SEPTEMBER 30, 2016

To attend this live digital discussion on Thursday, October 13, 2016 at 1:00 PM (EST), please complete the registration form shown below: [contact-form-7]. The collaborative study with Forter measures the rate of fraud attempts made on U.S. Some of the other highlights from the study include: – Fraud attacks in the U.S.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

MARCH 13, 2017

Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. With the rapid changes to the payment space driven by mobile devices, EMV and other solutions, online fraud will only continue to rise, said Emailage.

Fraud 101

Fraud Las Vegas Cards Trends 101

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. It’s really a symbol that the market, as well as the technology that exists in the market, is beginning a transformation,” Zielke explained.

Fraud 138

Fraud Innovation Retail System 138

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

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 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.

Fraud 100

Fraud Online United States Cyber Security 100

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

SEPTEMBER 13, 2016

12) that data shows a “ positive impact ” through the technology across stakeholders, including issuing banks, consumers and merchants. Conversely, counterfeit fraud costs were up 77 percent year over year among larger merchants who have not yet completed, or who have not yet even adopted, EMV transitions. 1 of last year.

Fraud 100

Fraud Cards Customer Experience Regional 100

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 In the first quarter of 2016, this percentage dropped to 5.5 Classic fraud deflection is rules-based.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. The company recently announced a partnership with the Alabama Department of Revenue (ADR). The app compares this information against the driver’s license database record.

Alabama 101

Alabama Taxes Fraud Florida 101

Celent Banking

APRIL 18, 2016

In addition, the program includes keynote speeches from industry leaders and Celent analysts, plenty of opportunities to network with peers, and even to experience some of the latest technologies first hand, courtesy of our sponsors. Celent Model Bank 2016 winners are: Model Bank 2016 Categories. Award Winners. Santander, US.

US 100

US Case Study Risk Management America 100

PYMNTS

NOVEMBER 16, 2016

Unless it’s fraud you are talking about. household held five mobile devices, while, at the start of 2016, that number has increased to about 13. But alongside that iPad your 10-year-old daughter needed, the rate of online fraud attacks on retailers has doubled, up 137 percent year over year in the first quarter of this year.

Fraud 100

Fraud Retail Online Data 100

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).

Fraud 52

Fraud Survey Cards Customer Experience 52

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. Payment automation enforces strict adherence to business rules, reducing opportunities to commit fraud. Guess that’s what keeps the U.S.

Survey 100

Survey Fraud Payments Data 100

NCR

AUGUST 7, 2017

Past trends in the financial services industry have shown that criminals waste no time in finding weaknesses in new technologies to commit fraud. But does this really offer an accurate picture of the prevalence of contactless card fraud, and are banks doing enough to protect their customers from this threat? million (US$8.7

Fraud 85

Fraud Cards Security Comparison 85

PYMNTS

MAY 30, 2016

And to make sure that everyone starts off 2016, Part II on the same footing, we thought we would bring you a few of the top trending stories, as well as hot data/research topics, that will give you a head start on that all-important planning for 2016 and beyond. Global Fraud Attacks. Online Fraud Attack Rates Soar Since October.

Trends 100

Trends Retail Fraud Mobile 100

NCR

NOVEMBER 7, 2016

One year on from the launch of EMV chip technology for payment cards in the US, the signs are positive as far as tackling fraud is concerned. Mastercard – the ‘M’ in ‘EMV’ – released figures showing a significant fall in the cost of counterfeit card fraud for US retailers who have adopted EMV.

Fraud 105

Fraud Cards US System 105

PYMNTS

NOVEMBER 18, 2016

Omnichannel commerce technology and operations provider Radial released the results of its Annual Holiday Fraud Index today (Nov. 18), which revealed the ongoing risk retailers face of coordinated and sustained fraud losses. Bottom line for most retailers if you are managing fraud yourself, you are going to get wrecked.”.

Fraud 100

Fraud Retail Cards Data 100

CFPB Monitor

FEBRUARY 13, 2017

However, like the FTC’s letters on its 2014 and 2015 ECOA activities, the letter on 2016 activities does not describe any 2016 FTC ECOA enforcement activity and only contains information about the FTC’s research and policy development efforts and educational initiatives. Report on fraud in African American and Latino communities.

Report 68

Report Big Data Lending Survey 68

PYMNTS

SEPTEMBER 15, 2020

EY’s global chairman and CEO has expressed regret over the accounting firm’s failure to uncover fraud sooner at Wirecard AG , the bankrupt German payment company. Many people believe that the fraud at Wirecard should have been detected earlier and we fully understand that,” Di Sibio wrote in the letter obtained by the newspaper.

Fraud 181

Fraud Cards Report Security 181

PYMNTS

AUGUST 24, 2018

We are tapping our deep capabilities in data analysis to help KeyBank with fraud detection.”. Decision Intelligence leverages AI technologies to boost the accuracy of real-time approvals of genuine transactions and reduce false declines — getting smarter with each and every transaction.

Fraud 106

Fraud Security Cards Data 106

Gonzobanker

SEPTEMBER 4, 2018

Executives are quickly finding, however, that rather than gaining valuable efficiencies from their vendor partnerships, technology options represent a huge execution risk. In fact, leaders are faced with navigating a perfect storm of suboptimal technology choices. January 2017: Avaya files for Chapter 11 Bankruptcy protection.

Technology 117

Technology Resources Fraud Strategy 117