PYMNTS

MAY 31, 2017

Visa announced Tuesday (May 30) that it is rolling out enhancements to its Verified by Visa service, a global solution designed to make online purchases more secure by helping ensure payments are made by the rightful owner of the Visa account. As part of the upgrade, Visa said it was enhancing its systems to support 3-D Secure 2.0,

Security 192

Security System Fraud Tools 192

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

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

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

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

MARCH 1, 2019

While the benefits were great, the innovation came with its share of risks, too. If preventative measures aren’t taken, however, faster payments could open the door to more fraud and cyberattacks. According to a 2017 YouGov survey, 65 percent of SMBs in the U.S. Fraud opportunities. Security strategies.

Security 134

Security Payments Fraud Cards 134

PYMNTS

DECEMBER 29, 2016

So, what can corporates expect from their banks in 2017? Traditional banks have continued their sloth-like pace in FinTech adoption, added Galarza, which has led corporates to seek innovative services from non-bank players. “In Fraud Prevention Remains Paramount. FinTech Continues Its Disruption.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

Security 193

Security Payments Survey Innovation 193

PYMNTS

SEPTEMBER 17, 2020

The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018. Department of Homeland Security is running a contest for the development of a digital wallet, CoinDesk reported. There were 9,680 bitcoin ATMs as of the start of the month, marking a 167 percent year-on-year rise.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

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. Check out Innovation Project 2017.

Fraud 102

Fraud Innovation US National 102

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. But when it comes right down to it, most don’t bother to take additional measures fighting identify theft and data security breaches. The reason? They don’t like dealing with complicated, frustrating logins.

Fraud 131

Fraud Security Data Meeting 131

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).

Alabama 101

Alabama Taxes Fraud Florida 101

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. Blockchain is helping to radically simplify processes, increase agility, drive substantial structural cost reduction, and improve security. Building the future of financial services with IBM Blockchain at Sibos.

blockchain 87

blockchain Customer Experience Compliance Fraud 87

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

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

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

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 1, 2019

where at least one vital and robust sector of commerce has yet to adopt the global security standard en masse. 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.

Innovation 167

Innovation Customer Experience Retail Operations 167

PYMNTS

AUGUST 13, 2020

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick. Merchants pay $3.13

Technology 248

Technology User Experience Fraud Comparison 248

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

PYMNTS

OCTOBER 28, 2016

The recent global distributed denial-of-service cyberattack on hundreds of thousands of smart devices shined a big, booming light on the vulnerability that exists around IoT and security concerns. And in its aftermath, companies are feeling an increased urgency to bolster their security platforms.

Fraud 100

Fraud Security Retail Samsung 100

PYMNTS

JANUARY 23, 2020

Mastercard has launched a new center called the Intelligence and Cyber Centre in Vancouver, Canada, focused on speeding innovation in artificial intelligence (AI), cybersecurity and Internet of Things (IoT), according to a release. . The center is being opened as a team-up with the Canadian government and its Strategic Innovation Fund.

Innovation 130

Innovation US Security Fraud 130

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The movement toward financial inclusion, and toward a consumer experience that is seamless and intuitive and secure, is one that brings companies to share process and perhaps even prosperity.

Innovation 103

Innovation Lending Boston Security 103

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

JUNE 10, 2020

This has increased the need for FIs to develop convenient mobile onboarding experiences, but those that lack confidence in their ability to secure such channels appear to be reluctant to offer them. They need to thoroughly vet new customers and comply with security obligations to prevent crime from proliferating. Tapping Mobile KYC .

Mobile 130

Mobile Security Examples Study 130

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

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. I could use the app to build upon it, or build my profile” from other sources of data, such as Social Security data.

Mobile 100

Mobile Fraud Security Data 100

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

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

PYMNTS

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 Cryptocurrency security firm CipherTrace revealed that crypto criminals have already stolen more than $1.2 billion this year. billion in the first quarter of 2019. trillion, 11.5 percent of the world’s wealth, is hidden offshore.

Report 153

Report cryptocurrency Fraud Bitcoin 153

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

JANUARY 6, 2017

And in an age where cybercriminals seem to be ubiquitously lurking at all times, security becomes every merchant’s, issuer’s, card network’s and consumer’s problem. At this point, there are almost no serious players in the game willing to shrug off the importance of security for their system. And it will, if MagicCube has any say.

Security 156

Security Data Software System 156

PYMNTS

JANUARY 9, 2019

While financial services (FinServ) innovations often emerge with built-in security measures, new market trends — including faster payments and open banking — are introducing new security threats to corporate treasury departments, according to cybersecurity company BioCatch. In the case of Same Day ACH in the U.S.,

Payments 141

Payments Fraud Security Data 141

PYMNTS

NOVEMBER 27, 2019

Although facial recognition and biometrics offer security authentication and transaction speed, the measure also opens the door to data theft as cybercriminals seek ways to beat the system. The AI giant raised $410 million in a 2017 Series B round.

Regulation 130

Regulation National Security Technology 130

PYMNTS

JULY 29, 2019

These FIs are increasingly relying on AI and automation not only to secure platforms and streamline their back-office operations, but also to improve their customer-facing services. The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services. million customer queries each month.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

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

JULY 24, 2019

back in 2017, they haven’t yet hit ubiquity. According to a recent survey , 90 percent of businesses now expect real-time payments – but, as with many innovations, there is a gap between expectations and reality. FinTechs have been partnering with banks to drive innovation and increase usage of real-time B2B payments.

Payments 167

Payments Survey Community Bank Fraud 167