Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Contactless and Mobile Payments. Use of Apple Pay, Samsung Pay etc.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

The payments landscape is changing fast due to new disruptive technologies such as open APIs, distributed ledger technology, cloud, Apple/Samsung/…Pay, and customers’ expectations are changing for seamless and faster payments. Contactless and Mobile Payments. Use of Apple Pay, Samsung Pay etc.

Payments 150

Payments Bitcoin Samsung Fraud 150

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

JULY 8, 2020

“In many cases, AI is fundamental to scaling and keeping up with the pace of the network transactions that are happening,” said Sudhir Jha , a Mastercard senior vice president and head of Brighterion , an AI company that Mastercard acquired in 2017. Fighting Fraud in a Post-Pandemic World. AI Also Helps Manage Credit Risk.

Fraud 274

Fraud Management Risk Management Company 274

PYMNTS

MARCH 2, 2020

in 2017 on healthcare services. Instead, she noted, an estimated $240 billion is going out the door to fraud, waste and abuse (FWA). We securely store over 18 petabytes of sensitive data — this is a significant amount of data that we’re dealing with every day,” she said. “And Healthcare in the U.S. is a massive industry.

Fraud 216

Fraud System Security Leadership 216

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

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

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. As an analogy, he said, think of an airport security setup, where the clear majority of users are not terrorists, yet the current system demands an unpleasant and inefficient process.

Fraud 100

Fraud US Data System 100

PYMNTS

JULY 25, 2017

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine learning will play a larger role moving forward.

Fraud 196

Fraud Online Retail Maine 196

PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. A layered FDP (Fraud Detection & Prevention) solution naturally helps directly preventing fraud, but it also offers major gains in terms of recovering potentially lost revenue through false positives.

Fraud 152

Fraud Study Retail Online 152

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

DECEMBER 23, 2019

Payments messaging technology provider SWIFT recently opened up its Know Your Customer (KYC) platform, the KYC Registry , directly to corporates. SWIFT’s decision to open up the registry also reflects the growing threat of fraud in corporate payments. Canada, Mexico, Sweden, Australia and South Africa.

Fraud 131

Fraud Maryland Payments New York 131

PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S.,

Fraud 189

Fraud Online social media Software 189

PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

Bitcoin 131

Bitcoin Fraud Regulation social media 131

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

DECEMBER 27, 2016

It’s been slow going when it comes to consumer adoption, but it seems digital identity companies are starting to bet big on mobile payment technology becoming more popular with consumers. Meanwhile, similarly, FirstBank announced last month that it would turn to Entersekt to help secure its iOS app. Samsung Electronics Co.,

Security 124

Security Report United States Mobile 124

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Fraud 124

Fraud Retail Online Study 124

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Security 131

Security Fraud Analytics Tools 131

PYMNTS

DECEMBER 29, 2016

So, what can corporates expect from their banks in 2017? One thing’s for certain: Corporate banks everywhere need to embrace technology. Fraud Prevention Remains Paramount. Cyberattacks will continue to threaten financial institutions in 2017,” Gazit wrote. FinTech Continues Its Disruption.

Security 181

Security Fintech Boston Fraud 181

PYMNTS

NOVEMBER 12, 2019

This is just one example of how the explosion of data can increase a company’s fraud vulnerabilities, but can also provide a solution if captured and utilized. Current and Future State of Fraud. consumer records containing PII increased by 126 percent between 2017 and 2018.

Fraud 100

Fraud Data Tools User Experience 100

PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. In a new PYMNTS interview, Tricia Phillips, SVP of product at Kount , discussed the fraud trends for the upcoming fourth quarter. Fraud Headstart.

Fraud 145

Fraud Retail Online Course 145

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.

Mobile 137

Mobile Payments New York City Samsung 137

PYMNTS

MARCH 16, 2018

Through the collaborative efforts of those with backgrounds in payments and security, the Federal Reserve’s Secure Payments Task Force has published “Payment Lifecycles and Security Profiles.” They also cover security methods — and identity management controls — along with relevant laws and regulations, among other topics.

Security 100

Security Payments Boston Fraud 100

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

NCR

JULY 13, 2017

Financial institutions should be braced for a tough fight against fraudsters this year, as they have been warned 2017 is set to be a record year for card fraud losses. “Several factors, including slower-than-expected merchant conversion to EMV and delays in shifting fraud liability to retailers are compounding the situation.”

Fraud 55

Fraud Cards ATM Conference 55

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. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S.

Fraud 182

Fraud Payments Compliance Regulation 182

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 technology is there. The reason?

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). MorphoTrust’s eID works via mobile app.

Alabama 101

Alabama Taxes Fraud Florida 101

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.” Software does flag some transactions that seem out of place, but technology is often behind crooks who are getting more sophisticated at making their charges look legitimate.” Why can’t companies stop this?

Fraud 98

Fraud Cards Analytics Mobile 98

PYMNTS

AUGUST 24, 2018

We are tapping our deep capabilities in data analysis to help KeyBank with fraud detection.”. Mastercard and KeyBank had renewed their long-standing relationship in 2017, which began with the bank offering Mastercard-branded debit cards. issuers at Mastercard, said in the announcement. “We

Fraud 106

Fraud Security Cards Data 106

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 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 million such attacks aimed at APIs between December 2017 and November 2019. Building Consumer Trust With Open Banking Security.

Fraud 228

Fraud Cards Security System 228

PYMNTS

JUNE 11, 2019

owning laptops and 91 percent owning mobile devices, there’s never been greater opportunity for digital fraud. Total losses due to fraud were a staggering $4.2 One of the most insidious forms of fraud is account takeovers (ATOs). Corporations must work to retain their trust, lest they lose customers to more secure competitors.

social media 151

social media Fraud Analytics Study 151

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

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

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

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. On another note, the Science and Technology Directorate ( S&T ) arm of the U.S. Department of Homeland Security is running a contest for the development of a digital wallet, CoinDesk reported.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178