PYMNTS

JULY 25, 2017

From enhancing the supply chain process to learning more about consumers’ shopping behavior, machine learning is a technology that’s at the forefront of retail advancements and innovation. In 2016, online financial fraud hit 15.4 million Americans, a 16 percent increase to $16 billion in stolen money.

Fraud 196

Fraud Online Retail Maine 196

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

PYMNTS

DECEMBER 30, 2016

But, Vigue added, 2017 will be a year of continued innovation in the technology that can prevent, detect and mitigate a corporate cyberattack. What cybersecurity threats will impact corporate buyers and suppliers in 2017? Will electronic payments continue to gain traction in B2B payments, and can that help combat fraud?

Fraud 145

Fraud Security Survey Technology 145

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

Fraud 110

Fraud Security Retail Tools 110

PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. According to a 2017 report from the FBI’s Internet Crime Complaint Center (IC3), there have been $1.4

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations. B2B Payments Outlook.

Innovation 100

Innovation Payments Regulation Fraud 100

William Mills

OCTOBER 13, 2017

Approximately 1,300 attendees (including bankers, credit union executives, industry analysts and media representatives American Banker , Banking Exchange and BIG Media ) joined 30 sponsor companies to immerse themselves in all things retail banking at BAI Beacon 2017, held at the Georgia World Congress Center October 4-5. October 10-11.

Atlanta 41

Atlanta Innovation Conference Georgia 41

PYMNTS

JANUARY 31, 2019

NACHA recently released new figures on ACH network volume, revealing earlier this week that Same-Day ACH volume grew 46 percent between Q4 2017 and Q4 2018, surpassing 50 million transactions for the first time. focuses on enhancing payments speed domestically, payments innovators have taken the speed of cross-border payments to task, too.

Fraud 182

Fraud Payments Compliance Regulation 182

PYMNTS

FEBRUARY 20, 2017

But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. Join us, along with innovator John Dancu, CEO of IDology, as we delve into the brave newish word of (ever more) secure transactions across the web. Politics: Global … And Local … When It Comes To Commerce And Innovation?

Fraud 102

Fraud Innovation US National 102

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

FICO

NOVEMBER 10, 2020

I am always glad to see headlines like this one, which ran last summer in The New York Times: “ How to Reduce Credit Card Fraud.” Every Transaction Is Assessed for Fraud. FICO’s patented and proven fraud analytic capabilities have helped organizations save $90 billion+ per year. Steps Ahead of Financial Criminals.

Fraud 98

Fraud Cards Analytics Mobile 98

NCR

DECEMBER 27, 2017

As December draws to a close, it’s time to look back on the biggest headlines and defining themes of 2017 for the financial services industry. The humble ATM celebrated its 50 th birthday in June 2017. For many financial institutions (FIs), preparing for the EU’s PSD2 regulation has been priority number one in 2017.

ATM 76

ATM Fraud Industry Security 76

Insights on Business

OCTOBER 10, 2017

At Sibos 2017 in Toronto IBM will show how we are empowering global banks by helping them digitally reinvent for tomorrow. Trained by experts at Promontory, IBM has leading-edge solutions in Know Your Customer, Anti-Money Laundering, Conduct Surveillance and other forms of digital fraud.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

PYMNTS

JUNE 17, 2020

The company has been doing this since 2017 when the Defense Advanced Research Projects Agency granted it funding the first time. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

PYMNTS

NOVEMBER 9, 2017

According to Kyriba and researchers at CFO Research , who surveyed 167 financial executives at companies with up to $5 billion in annual revenue, there is a clear winner in terms of what the board of directors is most concerned about in terms of CFO responsibilities: fraud. ” Their concerns aren’t baseless, either.

Risk Management 107

Risk Management Fraud Management Survey 107

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 percent in Q1 2017. Classic fraud deflection is rules-based. Fraud is dynamic. It’s a business.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

OCTOBER 1, 2019

1, 2020 — at one point, the deadline was in 2017. That’s the case, even as news of fraud can regularly remind one of how easy it can be for criminals to install card skimmers at pumps to facilitate theft. EMV seems to be that payments issue that just won’t go away, but not in the U.S.,

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

NOVEMBER 10, 2017

For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. One of the easiest areas for internal fraud to occur is in employee expensing. But always, in every organization, there are a few who are commuting fraud.

Fraud 112

Fraud Compliance Policies Technology 112

Celent Banking

MARCH 4, 2017

It is my privilege to be part of the judging panel for Celent Model Bank Awards for 2017 for the following three categories: Fraud Management and Cybersecurity – for the most creative and effective approach to fraud management or cybersecurity. At the moment we are staying tight-lipped about who won the awards.

Risk Management 100

Risk Management Fraud Management Case Study 100

PYMNTS

JULY 23, 2019

The Hyderabad center, PayPal’s third technology center in India, will focus on data science, risk management and machine learning to help businesses protect themselves from fraud. The company acquired the fraud prevention platform Simility in 2018, which offered merchants customized fraud tools.

Data 134

Data Fraud Risk Management Google 134

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). MorphoTrust’s eID works via mobile app.

Alabama 101

Alabama Taxes Fraud Florida 101

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. What would a discussion about payments, innovation, cybersecurity and all manner of commerce be without a few laughs? With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

APRIL 10, 2019

In 2017, XinFin revealed an initiative to standardize enterprise blockchains using the XDC01 protocol, enabling companies to “keep their financial transactions private but still verifiable by an immutable record on the public state of blockchain,” XinFin Chief Technology Officer Karan Bharadwaj said at the time.

blockchain 193

blockchain Tools Fraud Data 193

Bank Innovation

SEPTEMBER 11, 2017

Fraud remains a significant problem for financial services to solve, especially as digital and online banking becomes more prevalent in the industry. This is according to the 2017 True Cost of Fraud survey by LexisNexis Risk Solutions, released last […].

Online 199

Online Fraud Survey Industry 199

PYMNTS

SEPTEMBER 13, 2018

Since the 2017 Equifax scandal, consumers know all too well that their data is up for grabs somewhere on the dark web. Luckily, technological innovations, especially in the area of biometric authentication, are helping to change that.

Fraud 131

Fraud Security Data Meeting 131

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

FICO

DECEMBER 7, 2017

At FICO, we not only have the best fraud product team ever – led by my fellow blogger TJ Horan — and an unbeatable analytics team — led by FICO’s chief analytics officer, Scott Zoldi — but we have the best team of salespeople and consultants in the business. And our fraud management team is growing.

Fraud 49

Fraud Management Analytics Innovation 49

PYMNTS

OCTOBER 28, 2016

Payment security and IoT technology remain an ongoing concern for credit card and smartphone companies, for example, as they explore innovative ways to protect sensitive customer data from cybercriminals. Meanwhile, credit card giant Mastercard anticipates launching a selfie payment service in European marketplaces in 2017.

Fraud 100

Fraud Security Retail Samsung 100

PYMNTS

APRIL 12, 2019

As flowers are blooming in real gardens for spring, innovative ideas are blooming metaphorical gardens in payments and commerce. billion: Amount of online alcohol sales in 2017. percent: Share of FIs with assets exceeding $100 billion that are interested in using smart agents to combat fraud.

Fraud 108

Fraud Lending Innovation Online 108

PYMNTS

AUGUST 13, 2020

The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick. A 2019 LexisNexis study found that overall retail fraud attempts increased by two times year over year and three times since 2017. Merchants pay $3.13 the prior year, by its measures.

Technology 248

Technology User Experience Fraud Comparison 248

FICO

MARCH 9, 2020

grew to $324 billion in 2017 from $208 billion in 2012, according to Mercator Advisory Group, a research and consulting firm. As the popularity of prepaid cards has grown, clients using the FICO® Falcon® Platform have expressed a strong interest in fraud models built specifically for prepaid card fraud. Our timing was right on.

Fraud 52

Fraud Cards Analytics ATM 52

PYMNTS

JANUARY 24, 2020

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Fraud Issues Stemming From Paper Check Use.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

JANUARY 22, 2020

Lerdal was vice president of fraud operations and compliance for PULSE. He was instrumental in leading the enhancement of PULSE’s DebitProtect fraud-detection service. In November, PULSE said it adopted the FICO Falcon Platform to bring new and innovative fraud detection services to its network of more than 4,100 debit issuers.

Operations 131

Operations Management ATM Fraud 131

PYMNTS

JANUARY 22, 2020

Lerdal was vice president of fraud operations and compliance for PULSE. He was instrumental in leading the enhancement of PULSE’s DebitProtect fraud-detection service. In November, PULSE said it adopted the FICO Falcon Platform to bring new and innovative fraud detection services to its network of more than 4,100 debit issuers.

ATM 130

ATM Operations Management Fraud 130

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

Innovation 100

Innovation Security Industry blockchain 100

PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. Take all the paperwork required to access federal benefits in the U.S. Mobile Opportunity. We have a very agile platform.”

Mobile 100

Mobile Fraud Security Data 100