PYMNTS

MARCH 20, 2019

Online and digital research company Juniper Research released a new report on Tuesday (March 19) saying the yearly value of virtual cards (temporary cards only usable for one transaction) is going to grow, but that adoption to the technology will be slow, according to a news release. percent from 2019 to 2022.

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Cards Report Study Fraud 109

PYMNTS

DECEMBER 17, 2020

Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. This represents a fivefold increase from the pre-pandemic normal, when most consumers shopping online were better attuned to security protocol.

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Fraud Online Retail Examples 255

PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. Clicking can initiate malicious attacks and spyware that can steal passwords, credit card numbers and other data from browsers.

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PYMNTS

AUGUST 21, 2019

One way to cut the paper chase is for companies to embrace commercial card products, which can speed payments and aggregate information alongside those payments, while reducing errors and eliminating security risks typically associated with ACH transactions. He offered an example in which a U.S. in such adoption.

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PYMNTS

JANUARY 4, 2019

Juniper Research , for example, has estimated that retailers will lose as much as $130 billion in card-not-present (CNP) fraud through 2023 — as tech gets more complex and transactions are done across borders. Thus, she had banking and credit card information. It’s no surprise that payments fraud is on the rise.

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PYMNTS

FEBRUARY 25, 2020

For example], a button not being intuitive enough, or [not doing] what it was supposed to. [We Chang’s reported that off-premises dining accounted for 17 percent of its sales during Q3 2019, up from 14 percent the year prior and two to three times dine-in’s growth, with delivery representing 35 percent of these sales.

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Security Mobile Chicago Trends 140

PYMNTS

JULY 25, 2019

In a recent interview with PYMNTS, Hunter’s Hydrawise product manager, Anthony Long, explained how the system functions while keeping its smart home network secure. There is no point in watering lawns when it is raining, for example, but most programs need to be manually overridden to turn the sprinklers off. “We Securing the network.

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Security System Software Examples 117

PYMNTS

JANUARY 16, 2020

The business email compromise (BEC) scam is a cybersecurity threat to businesses of all sizes, and the financial and security implications of a successful attack aren’t isolated to its target. According to the FBI, more than $26 billion in losses linked to BEC were reported between July 2016 and September 2019.

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Security Strategy Payments Examples 111

PYMNTS

DECEMBER 26, 2019

But before we shut the door on 2019, it bears taking a moment to note how much the world of retail has changed in the last year, a fitting capstone on a decade that has seen retail as the American consumer commonly knew it taken to the ground and rebuilt nearly from the foundations. Customers must buy a minimum of six drinks for $65.

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PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. The pandemic has driven consumers to make the bulk of their purchases online, leading many businesses and retailers to struggle with securing their digital infrastructures and payments processes while managing floods of orders.

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Fraud Strategy Study Cards 148

PYMNTS

NOVEMBER 30, 2020

percent increase from the share who did so in 2019. percent decrease in the share of consumers that made their Black Friday purchases at a physical store in 2019 and a 41.4 Fifty-six percent of Black Friday clothing purchases were made in-store this year, while 53 percent were made online, for example. It is also 27.1

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Data Online Cards Google 321

PYMNTS

AUGUST 20, 2020

Fraudsters perpetrate their schemes by pretending to be brands or trusted officials to get vulnerable customers to give up sensitive details such as their email addresses and passwords or their bank account and credit card numbers. as well as the expansion of security regulations in California, among other U.S. and the U.S. —

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Data Fraud Regulation Online 289

PYMNTS

OCTOBER 13, 2017

To put it another way, the theme of the fairy tale applies to the transactional world in which we live — getting it all just right and in balance, a crucial concept when it comes to the consumer experience and security in card-not-present (CNP) transactions. trillion by 2019, noted James Rendell. There will be 2.9

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PYMNTS

JANUARY 17, 2020

Preventing fraud with seamless and secure onboarding solutions is key. The latter method works by sending a cardholder an email, advertising the next-generation Samsung or iPhone for just $1, for example. Consumers are advised to call billers or card providers directly to stop such charges. Data-Rich Defenses.

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CFPB Monitor

SEPTEMBER 23, 2019

The CFPB has released the Summer 2019 edition of its Supervisory Highlights. The report discusses the Bureau’s examination findings in the areas of automobile loan originations, credit card account management, debt collection, furnishing, and mortgage originations. Credit card account management. Debt collection.

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Cards Report Policies Regulation 60

PYMNTS

JANUARY 15, 2021

A year ago, as 2019 was turning over into 2020, the distinction between card-present transactions and card-not present transactions was highly relevant in the world of commerce. Friction that digitization for the card space can overcome, if done correctly in line with consumer convenience and need. Piatt asked.

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Cards Payments Mobile Data 235

PYMNTS

DECEMBER 10, 2018

A single digital terminal that can be used to create a secure, interoperable experience when consumers check out online — that experience comes by way of Secure Remote Commerce (SRC): an industry effort to extend the EMVCo standard to online checkout. Security and convenience “eventually always have to go together,” Anil emphasized.

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Security Cards Online Industry 180

PYMNTS

SEPTEMBER 14, 2020

Criminals are not the only security threats financial institutions (FIs) and their merchant clients face — these entities often need to defend themselves against consumers as well. Retailers suffer significantly from friendly fraud, reportedly losing $35 billion to such issues in fiscal year 2019 alone. The Cost Of Undue Chargebacks.

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PYMNTS

JANUARY 7, 2019

Welcome to the first Monday of 2019. According to the Chinese calendar, 2019 is the “Year of the Pig” – which may not, at first blush, inspire much excitement for the 358 days ahead of us. Pigs are considered practical, yet fun-loving and blessed with good fortune – as measured by their very generous girths.

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Mobile Innovation Apple Study 205

PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Is No-Factor Authentication Digital Security’s Future?

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Retail Cards Millennials Fraud 141

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

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Fraud Cards Trends Report 52

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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Fraud Cards Retail Security 131

PYMNTS

APRIL 24, 2020

Reports in American Banker said CB Insights data has revealed a 45 percent decline in year-over-year FinTech funding in the year’s first quarter, and a 25 percent drop from Q4 2019. bank technology firm securing $100 million to expand in the region. In the U.S., however, funding for FinTechs actually increased to $3.7

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PYMNTS

JULY 28, 2020

Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. Cybercriminals often use these identities to set up bank accounts and apply for credit cards and loans.

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FICO

DECEMBER 13, 2022

Biometric Security Crucial for Fraud Protection and CX. Tue, 07/02/2019 - 02:45. Typically, the challenge for FIs has been the natural opposition of ease of use and good fraud protection and account security. Customers Prefer Biometric Security. FICO Admin. by Sarah Rutherford. expand_less Back To Top.

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PYMNTS

SEPTEMBER 23, 2020

Senior citizens are the demographic group most vulnerable to identity fraud, as they are often not as digitally savvy as their younger counterparts nor as adept in online security best practices. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

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Technology Report Fraud Study 208

PYMNTS

OCTOBER 8, 2019

Cyberattacks continue to rise, for example, with experts warning that small businesses are especially at-risk. More than 40 percent of companies overall said protecting consumer credit and debit card information is their biggest cybersecurity concern, eclipsed only by concerns of protecting customer records and intellectual property.

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CB Insights

JUNE 7, 2021

Marqeta , a cloud-based open API platform for modern card issuing and transaction processing, recently filed its S-1 in preparation for its shares to start trading publicly in June. Marqeta allows businesses to offer payment card products to customers without having to deal directly with a traditional bank. Company Name. Phone number.

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Cards Innovation Payments Fintech 73

PYMNTS

DECEMBER 23, 2019

This year, 2019, the average American will spend three hours and 43 minutes per day on mobile devices, just ahead of the three hours and 35 minutes spent watching television. Or, he noted, when customers pay off their full balance on time for enough months, card companies could lower their APR. And Lending Club will change.

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PYMNTS

DECEMBER 22, 2020

PYMNTS data shows that 39 percent of companies have moved away from manual O2C processes and toward digital ones since the start of the crisis, for example. It also examines what tools companies can tap to make these payments swiftly and securely. One study predicted that virtual or contactless card payments will grow to $4.8

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Innovation Cards Payments Study 237

PYMNTS

APRIL 2, 2020

consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. Card networks attract merchants with promises of faster, more accurate debit routing, and merchants pay handsomely to transact across these networks. percent of the transaction value, for example.

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PYMNTS

JUNE 3, 2020

The United Kingdom has more than 200 providers developing APIs , for example, and these developers made 200 million requests for bank data via APIs just in January. Banks are working on a range of security solutions to stop them, including periodic API key rotation and advanced machine learning (ML) systems that can detect anomalous behavior.

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Payments Fraud Security Data 188

PYMNTS

JANUARY 24, 2020

trillion online in 2019 — an approximately 18 percent year-over-year increase in worldwide sales. . Payment processors typically have better information about the broader online transactions space, for example, and merchants complement this perspective with more in-depth consumer data. Security’s New Face.

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Fraud Security Online Analysis 153

PYMNTS

DECEMBER 16, 2019

Credit/debit card pilferage is their core trade, so naturally, they’ve latched onto gift cards in a big way. Gift cards now boast the highest rate of fraud attempts of all retail-issued cards – a dubious distinction that proves their popularity with everyone, including crooks.

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Mobile Fraud Cards Survey 134

PYMNTS

APRIL 30, 2020

Customers can use mobile banking services to do everything from check account balances and pay bills to temporarily shut down misplaced debit cards. customers reporting in 2019 that they primarily used digital channels for banking. Digital banking uptake has only risen since, with 73 percent of U.S.

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Digital Banking Mobile Online Millennials 150

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? In 2019, enhanced credit underwriting via digitally contributed-consumer data will hit the mainstream. We will be closely monitoring the odds-to-score relationship in 2019. revolver vs. transactor).

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PYMNTS

NOVEMBER 17, 2020

This overwhelming reliance on smartphones has generated record profits for major telecommunications companies, including AT&T , Sprint and Verizon , with the industry generating $610 billion in revenue in 2019. Digital ID systems’ advanced security benefits make them crucial in the fight against SIM card fraud.

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