FICO

SEPTEMBER 16, 2020

While 2020 has posed new challenges in fraud, our new European Card Fraud Map shows that many countries were battling card fraud successfully last year — with the UK leading the pack. Whilst data compromises drove up card fraud in the UK in 2018, they were not at the same scale and ferocity as 2019.

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PYMNTS

DECEMBER 26, 2018

The following piece was written by Rob Eleveld, CEO of Whitepages Pro , as a contribution to our 2018 year-end eBook. . Payments 2018 was a year of accelerated disruption. Then came checks, credit cards and wire transfers, with the most recent market explosion in several digital payment options.

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PYMNTS

SEPTEMBER 24, 2018

Perhaps more troubling, however, is digital fraud’s projected future. Recently published research noted global fraud losses could top $6 billion by 2021, more than doubling the $3 billion lost worldwide in 2015. As such, businesses are now investing in their security and fraud prevention technology and solutions. All told, U.S.

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PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

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PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Payment processors expanding their operations into new industries and markets have their work cut out for them, however.

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PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. LVL, an upstart bitcoin exchange, has rolled out its own Mastercard debit card which it's taking pre-orders for, a report from CoinDesk says. More stats show that scams netted around $2.6

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PYMNTS

DECEMBER 31, 2018

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. For example, Marriott , Facebook and a database marketing firm by the name of Exactis exposed the records of roughly 300 million people.

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PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. One area of development that J.P.

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PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

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FICO

DECEMBER 19, 2017

Just as the Wild Card Round is followed by the Divisional Round in the NFL playoffs , fraud and payments predictions are always followed by New Year’s resolutions. Sure enough, wallets among fraud and payments professionals had already dropped some poundage. His wallet was a few cards lighter as a result.

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PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. Around The Next-Gen Debit World.

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PYMNTS

SEPTEMBER 23, 2019

Even so, the global construction management software market is projected to expand at a compound annual growth rate (CAGR) of 9.2 percent from 2018 to 2022. What these studies didn’t reveal is that construction management software and tools like virtual cards can also speed payments and free up cash flow. In the U.S.,

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PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

NOVEMBER 20, 2019

This is largely due to the increasing prevalence of delivery, which increased by 15 percent since 2018 primarily due to the rise of mobile-order ahead apps. Fraud is a constant concern for QSRs and their customers. Deep Dive: Exploring The Rise Of Gift Card Fraud. Developments From Around the Mobile Order-Ahead World.

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PYMNTS

JANUARY 8, 2020

The development of digital identity solutions shows no signs of slowing in the new decade, with the mobile biometrics market expected to add $28.45 billion per year in incremental growth between 2018 and 2023. EMV Cards Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S.

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PYMNTS

OCTOBER 9, 2019

bank NatWest has started a three-month trial of a biometric credit card that will use a fingerprint in lieu of a PIN. If the purchase is more than £100, then the card needs to be put into a terminal with the fingerprint as additional verification. . NatWest launched a test of biometric debit cards earlier this year. .

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Gonzobanker

NOVEMBER 28, 2017

In our travels, certain payments-related messages have surfaced over and over, and as we enter 2018, bankers need to pay attention to these five themes: 1 – Debit: In 2018, market forces will take 3% of banks’ current interchange income. 24 this year), and 2018 won’t be any different. Good grief, we’re in 2017.

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Gonzobanker

APRIL 5, 2018

Video Transcript: Tony DeSanctis : Hey folks Tony DeSanctis and Brandi Gregory from Cornerstone Advisors here from the payments practice wanted to talk a little bit about some of the things we’re looking at for 2018 for payments so, Brandi? Brandi : That’s right alright thanks let’s do this in 2018.

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Payments Fraud Cards Data 60

FICO

FEBRUARY 18, 2020

But has this shift in consumer habits created a growing rideshare fraud problem? TNCs have gradually changed transportation preferences within the card-not-present (CNP) Taxicab and Limo service category. Since 2013, there has been a significant rise in TNCs’ market share in the US within this merchant category.

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PYMNTS

JANUARY 2, 2019

The holiday sales season is nearly done for 2018, and it’s so far so good — particularly for eCommerce. But will 2018’s strong seasonal spending portend a happy commerce new year for retailers? 13 percent: The share of credit union members that have been a victim of card fraud.

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Abrigo

OCTOBER 22, 2019

Financial institutions should be proactive with their fraud prevention on the dark web. . In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. Market Dynamics. get started.

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PYMNTS

SEPTEMBER 3, 2018

Since we would hate for anyone to go into the end of 2018 behind the eight ball, we decided to pay tribute to both a great bit and a great deal of news with our own top 10 list of the biggest news of summer 2018. It is not an exaggeration to say that 2018 has been the summer of movie subscription service MoviePass ’ discontent.

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PYMNTS

APRIL 1, 2019

Buca di Beppo , the Italian restaurant chain, reportedly knew about a data breach that resulted in two million credit card and debit numbers being stolen since Feb. KrebsOnSecurity said credit and debit card accounts from Earl Enterprises restaurants were up for sale as of Feb. 21 — but waited until the end of March to reveal it.

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PYMNTS

JANUARY 15, 2021

eCommerce’s market share has been steadily increasing over the past decade, and 15 percent of total holiday retail took place online in 2019, up 19 percent from 2018. Fraud rates have hit record highs during the pandemic, even though they have been trending up for a long time. A notable $730 billion in U.S.

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Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. Jim Brill, IBM Financial Services Marketing. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018!

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FICO

DECEMBER 19, 2018

As far as industry predictions go, perhaps surprisingly, one of mine actually came true: “ 2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.”. The Next-Level “Wallet Diet”. Uber or Lyft.

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PYMNTS

JANUARY 24, 2020

Approximately 49 percent of customers report worrying about credit card theft, while 41 percent fear account takeovers (ATOs). Restaurants are meanwhile growing increasingly alarmed about coupon fraud, which continues to eat away at margins despite shifts to digital discounts. Deep Dive: QSRs struggle with coupon fraud.

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PYMNTS

JUNE 26, 2020

The company, formed in 2018, calls itself the “Payment Hub of the New Economy,” and wants to provide “comprehensive functionality, improved economics and quicker time to market” during the increasingly complex payments world of today, the release says. CEO Patricia Montesi said the structure is “holistic.”. “By

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Payments Cards Innovation Security 151

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. As such, we’ve seen a slow emergence of a black market for the sale of fake vaccine passports and it is on its way to becoming a lucrative industry in 2022. In the first half of 2021, APP fraud losses increased by 71%, surpassing card fraud for the first time.

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PYMNTS

JANUARY 9, 2019

Data: $81 billion: Projected estimated value of the online gambling market by 2022. $12 credit card losses due to fraud by 2018. percent: Share of eCommerce revenue lost to fraud. 12 billion: Projected value of U.S. 100 million: The number of devices worldwide with Alexa on them.

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Insights on Business

AUGUST 10, 2018

Given IBM’s experiences helping clients accelerate their digital transformation journey with Cloud and AI, we’re particularly excited that “Enabling the digital economy” is the Sibos 2018 conference theme. Jim Brill, IBM Financial Services Marketing. IBM at Sibos 2018. Stay tuned for more blogs on Sibos 2018!

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Conference Regional Examples Payments 70

PYMNTS

NOVEMBER 15, 2017

Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. According to news from Caixin Global , vocal support for blockchain in global trade follows Hong Kong’s previous efforts to deploy DLT in the use case of digital contracts and anti-fraud efforts. 9 with the U.S.

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PYMNTS

FEBRUARY 25, 2020

Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools. This week, Kyriba announced the debut of the Kyriba Payments Network, a solution designed for treasurers and CFOs to unify and streamline their payments activity in an effort to mitigate the risk of fraud.

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PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. This includes exploring emerging anti-fraud solutions and the challenges arising in this space as fraud grows more complex. One recent breach at U.S.

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PYMNTS

JANUARY 17, 2020

The subscription eCommerce market is a favorite among consumers and businesses, growing more than 100 percent annually for the past five years. This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. trillion a year.

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PYMNTS

JULY 5, 2020

Ernst & Young , the company’s auditor, reported that from 2016 to 2018, Wirecard’s annual earnings nearly doubled to 439 million euros ($494 million). For example, two years ago when Wirecard’s stock market valuation topped 24 billion euros ($26.9 But such profits did not exist, the Times reported.

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PYMNTS

FEBRUARY 21, 2020

trillion by 2020, but new sales channels also invite emerging fraud forms. More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. The Sizable Online Fraud Threat.

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