PYMNTS

FEBRUARY 11, 2020

To help diners make the best use of their mobile devices to order meals, quick-service restaurants (QSRs) are tapping into mobile innovations. From Dunkin’ Brands to Grubhub , QSRs and ordering platforms are driving innovation with mobile ordering technology. QSRs are expanding their mobile order-ahead capabilities.

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PYMNTS

OCTOBER 11, 2019

And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). 15 percent: Approximate amount by which consumers increased spending on online food delivery in 2019 YOY. . All this, Today in Data. 46B: Approximate amount of U.S. 46B: Approximate amount of U.S.

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Trends Innovation Technology Marketing 122

PYMNTS

JANUARY 27, 2020

The latest digital ordering developments, however, include techniques to limit coupon fraud damages. Data: 650 percent: Increase in the popularity of cauliflower crust pizza orders on Grubhub from 2018 to 2019. 18 percent: Portion of restaurant apps that offered mobile order-ahead as of April 2019. All, this Today in Data.

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Mobile Innovation Fraud Data 151

PYMNTS

SEPTEMBER 24, 2020

Fraud Threats To Digital Banking. Another threat is identity fraud, in which bad actors will either steal an individual’s identity or forge a new one, and then use it to open new accounts or apply for fraudulent loans they have no intention of paying back. Identity fraud accounted for $16.9

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PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. billion transactions found that between July and September 2019, about 20 percent of accounts opened were the result of massive bot attacks , not humans. For their part, the anti-fraud community is hitting back hard.

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PYMNTS

OCTOBER 8, 2020

A December 2019 study found that 70 percent of restaurant customers have used mobile devices to interact with restaurants, for example, although the nature of their interactions varies. The following Deep Dive explores how restaurants are using the latest dining and ordering technology to satisfy these requirements. Mobile Ordering.

Innovation 141

Innovation Fraud Mobile Security 141

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Its annual commercial card survey released in May found corporate executives are eager to at least learn about new innovations in electronic B2B payments, particularly as they seek increased efficiencies and value. ” Enhancing Security.

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Mobile Cards Samsung America 211

PYMNTS

JANUARY 16, 2020

However, to do so, these companies will need to make some adjustments to their fraud protection strategies. Implementing a layered anti-fraud approach that utilizes several technologies could help protect against bad actors looking for vulnerabilities. The Latest Fraud Decisioning Developments.

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Fraud Tools Data Industry 133

PYMNTS

JANUARY 28, 2020

trillion in 2019. The total number of CUs in operation declined from 6,743 in 2015 to 5,390 as of 2019, but the total number of CU members increased over the course of the decade from 89.3 million in 2019. Total CU assets increased 7.4 percent year over year from $884.7 billion in 2009 to $1.54 million members in 2009 to 119.6

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

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Fraud Digital Banking Delaware Tools 196

FICO

FEBRUARY 13, 2020

The fight against fraud is constantly evolving because of the new approaches taken by fraudsters. 2019 was a year full of innovative methods to fight fraud, and we covered these on the FICO Blog. Check out the top 5 fraud blog posts which garnered the most views in 2019. What Is Telecom Subscription Fraud?

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Fraud Compliance Mobile Survey 52

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.

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Fraud Strategy US United States 129

PYMNTS

SEPTEMBER 19, 2019

billion customer records — occurred in the first six months of 2019, for example. This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 AI, ML Innovations Necessary to Stop Account Opening Fraud.

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Fraud Data Mobile Tools 144

FICO

DECEMBER 17, 2018

It’s no coincidence that much of my recent patent work has laid a foundation for what I predict will be the tech industry’s biggest development in 2019: ethical AI. I recently talked about explainable latent features at an innovation workshop at the U.S. Follow me on Twitter @ScottZoldi to see how ethical AI unfolds in 2019.

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Analytics Innovation blockchain Data 65

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

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Fraud Marketing US Resources 164

PYMNTS

NOVEMBER 8, 2019

Innovations — some more fantastical than others — keep emerging, though. percent between 2019 and 2024 to reach $65.3 Synthetic identity fraud continues to grow , but far slower than when it ran rampant in 2015 and 2016. billion in Q2 2019. Vein recognition? Voice patterns? These concerns aren’t completely unfounded.

Innovation 120

Innovation Fraud Security Data 120

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct. In the event of possible fraud, members are alerted quickly and securely using their preferred method of communication.

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Fraud Tools Security Analytics 109

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. A Big-Picture Approach To Thwarting Debit Fraud.

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Gonzobanker

DECEMBER 20, 2019

GonzoBankers, 2019 was a year of extremes. Third, read and enjoy the 2019 edition of the GonzoBanker Awards, our 18 th. Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank.

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PYMNTS

NOVEMBER 20, 2019

billion user records have been exposed in the first half of 2019, and more than 20 breaches are reported every day. This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I

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Fraud Data Management Analytics 117

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. billion in losses due to cybercrime, with various forms of identity fraud topping the list.

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Fraud Knowledge Base Regulation Data 108

PYMNTS

OCTOBER 8, 2020

Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g. Feedzai has seen the increase in fraud and scams with the pandemic. EMEA, Asia and the Pacific and Latin America.

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Report Fraud Risk Management America 247

FICO

JANUARY 7, 2020

The average FICO® Score ticked up to 706 in 2019, and the blog post where we covered the news continues to be one of the most popular posts on the FICO blog. Other innovations such as FICO Safe Driving Score were also of interest to readers. Here are the 5 FICO® Score posts from 2019 with the most views on the FICO blog.

Trends 52

Trends Innovation Analytics Fraud 52

PYMNTS

SEPTEMBER 9, 2020

A new report found that 58 percent of merchants now accept contactless cards, compared to the 40 percent that did so in 2019. In this month’s Feature Story, Clem discussed what it takes to combat CNP fraud risks as well as use digital and manual tools to verify new customers and confirm returning ones.

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Cards Fraud Retail Security 162

PYMNTS

NOVEMBER 6, 2019

When it comes to fighting fraud, it’s not really what you know – not exactly, at least. Fraud is big business, with online losses topping some $14.7 As Xie discussed with Webster, the best general practice is to take a proactive approach to fighting fraud – but that’s much easier said than done. New vs. Old Fraud.

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Fraud Data Regulation Security 104

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. Researchers dubbed synthetic ID fraud the “fastest-growing form of identity theft” in the U.S.

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Fraud Data Examples Security 132

PYMNTS

DECEMBER 31, 2019

Bottomline’s 2019 B2B Survey Payments Report finds that manual processing is the second-most pressing obstacle for treasury departments and the biggest challenge faced by small businesses. Greater access to innovative payment methods will give businesses opportunities to move away from manual AP processes. Manual processing challenges.

Innovation 153

Innovation Payments Survey blockchain 153

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52

Fraud Technology social media Innovation 52

FICO

APRIL 28, 2020

The winners of the 2019 FICO® Decisions Awards can now be formally announced. The 2019 FICO Decisions Award winners have demonstrated what is possible with a clear business objective, innovative use of technology and a great partnership. Decision Management Innovation. Fraud & Security.

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Analytics Fraud Management Innovation 52

Abrigo

APRIL 18, 2022

Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. The innovative world of digital assets has made big strides since its inception in 2009. national interest must inform our approach to digital asset innovation.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

PYMNTS

JUNE 20, 2019

According to the new Credit Union Tracker , as of March 2019 there were an estimated 5,572 CUs in operation and in the same month 324,000 consumers joined CUs. Roughly one-third (35 percent) have made data analytics investments over the past three years, according to the Credit Union Innovation Playbook. In the study, 91.7

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Innovation Cards Analytics Video 100

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Tue, 07/02/2019 - 02:45. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud.

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Fraud Analytics Trends Innovation 52

Insights on Business

FEBRUARY 10, 2019

Welcome to Think 2019 in San Francisco, CA! Download the NEW IBM Events app for Think 2019. See the full Think 2019 conference guide. 3:30 PM – 5:00 PM | Session ID: 6920A: Think 2019 Chairman’s Address: Building Smarter Businesses. 4:30 PM – 5:10 PM | Session ID: 4000A Predicting Insurance Fraud with AI.

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San Francisco blockchain Conference Video 79

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. Tue, 07/02/2019 - 02:45. Investing in Fraud Prevention and Detection. FICO Admin. by Andrew Manuel. expand_less Back To Top.

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Fraud Data Survey Regional 52

Insights on Business

FEBRUARY 11, 2019

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. Synthetic identities and new account fraud.

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Fraud Payments Data Study 111

PYMNTS

MARCH 14, 2019

tax reform to provide a significant benefit, nearly half said in 2019 that there has been no significant impact on their companies at all. “Ten percent fewer organizations expect the GDP of their headquarter country to increase in 2019 than they did in 2018,” the companies noted in the announcement of the report.

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Fraud Survey Taxes Regulation 115

FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022. Fraudsters Love Digital Real-Time Payments All this rapid change is great for one thing — fraud.

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Fraud ATM South Carolina Management 52