PYMNTS

OCTOBER 9, 2020

Brick-and-mortar commerce has rebounded in recent months, but consumers are still heading online for many of their purchases, maintaining trends set in the early months of the pandemic. billion consumers will be shopping primarily through digital channels by 2021 — representing a $6.5 trillion opportunity for eCommerce retailers.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

SEPTEMBER 22, 2020

million in 2021 as dining spaces reopen but is eventually expected to rebound to 53.9 QSRs that offer mobile order-ahead options as well as convenient online ordering methods are expanding their sales significantly through these digital channels during the pandemic. How Friendly Fraud Develops. percent to 45.6 million this year.

Fraud 255

Fraud Mobile Tools Study 255

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

PYMNTS

DECEMBER 18, 2020

Eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud.

Fraud 229

Fraud Trends Security social media 229

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. Online U.S.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

JANUARY 21, 2021

“We can provide them these services regardless of the channel that the member wants to interact with,” across brick-and-mortar, online or contactless payments, she added. She also pointed to PSCU’s recently announced Enhanced Fraud Services solution, which helps CUs focus on prioritizing and battling certain types of fraud. “We

Analytics 240

Analytics Fraud Trends Mobile 240

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.

Fraud 195

Fraud Security Analytics Data 195

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.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

JULY 17, 2020

Mobile card apps went from nifty to necessary when the darkest imaginings of last March had people picturing COVID-19 on every surface, suspended in every breath. Consumers are interested in applying mobile card management tools in different ways, however,” the report states. Meet the 2021 Cardholder.

Cards 151

Cards Mobile Groups Tools 151

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. And online shopping and digital fraud are increasing simultaneously, but merchants can take steps to ensure that debit-based card-not-present (CNP) transactions are kept safe. All this, Today in Data. 92%: Portion of U.S.

Retail 146

Retail Innovation Technology Security 146

CFPB Monitor

OCTOBER 5, 2022

On October 3, 2022, the Federal Reserve finalized a rule expanding Regulation II (Debit Card Interchange Fees and Routing), the implementing regulation for the Durbin Amendment. The final rule will be effective July 1. Given this continued uncertainty, I do not support the final rule.”.

Regulation 78

Regulation Cards Community Bank Community 78

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

DECEMBER 3, 2020

Judging by Ondot ’s data from a recently conducted consumer survey, that means holiday shopping is going to be online and on mobile to a degree never before seen. And with that certainty come some hints on how to navigate that landscape during the holiday season and into 2021. Are you able to offer zero fraud liability on debit?”.

Cards 210

Cards Online Trends Survey 210

PYMNTS

JANUARY 25, 2021

Yitz Mendlowitz, founder and CEO of PAAY , shares his insights on how the pandemic has impacted small businesses, and what they should do in the year ahead to prevent fraud and survive in the new digital economy. With an effective fraud prevention solution, businesses can successfully adapt. retailers incur $3.13 of costs.

Fraud 141

Fraud social media Online America 141

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

Customer Experience 59

Customer Experience Survey Fraud Cards 59

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. As 2020 is becoming 2021, on the other hand — not so much and for good reason. How do you put the card in the hands of one’s customers faster digitally?

Cards 235

Cards Payments Mobile Data 235

PopularBank

OCTOBER 4, 2022

An unauthorized debit card transaction can be an early signal that you’re the victim of debit card fraud. In 2021, The Federal Trade Commission reported nearly 69,000 cases of consumer-reported debit card fraud in the U.S. Practice safe fraud protection. Report lost debit cards ASAP.

Cards 52

Cards Management Fraud US 52

PYMNTS

DECEMBER 16, 2020

And then, after the transaction is made, there’s the task of understanding the byzantine codes and data that are tied to online statements. The “language” of the statements may represent a Rosetta Stone of sorts for the 110 million consumers who have pivoted online in the wake of the pandemic. The Scope Of The Problem.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

MARCH 27, 2020

alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. As Barnhardt noted, as transaction volumes spike, so does fraud. He noted that in the current environment, any number of human errors could occur, leading to what he called “first-party fraud.”

Fraud 137

Fraud Data Online Payments 137

PYMNTS

JANUARY 20, 2021

"We need to continue to think about how to engage our partners within today’s reality and how to help those partners serve their customers in new ways," he says in " A Look Forward: What Executives Wish for America and the World in 2021. "We Additionally, new and reissued cards are being delivered with contactless technology.

Payments 178

Payments Innovation Tools Cards 178

FICO

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Thu, 06/17/2021 - 06:40. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The appeal of these banking innovations has also made it a honeypot for fraud.

Fraud 52

Fraud Payments Survey Security 52

PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. Merchants handling myriad online orders must quickly and safely process payments, but one recent report found that 83 percent of top U.S. retailers have online system vulnerabilities that could leave them open to fraud.

Fraud 130

Fraud Study Cards Security 130

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

Fraud 78

Fraud National Security social media 78

PopularBank

JANUARY 5, 2022

How do you know if your business is a target for fraud? How much would the impact of fraud cost your business? What are different types of fraud you should be aware of? This article outlines the serious risks of commercial fraud and provides steps to identify and prevent business fraud. Understand the risks.

Fraud 52

Fraud Training System Branding 52

FICO

MAY 27, 2022

Fraud at the point of application has long been an issue for lenders. We have seen insurance, utilities and mobile phone contracts all targeted by application fraud. During 2021, we saw the optimization of the customer experience top the agenda within organizations. Fraud, however, is evolving quickly.

Fraud 52

Fraud Customer Experience Data Examples 52

PYMNTS

FEBRUARY 21, 2020

Vendors looking to appeal to these corporate buyers’ shopping preferences and expectations must therefore ready online sales channels like merchant websites and B2B marketplaces. trillion by 2020, but new sales channels also invite emerging fraud forms. The Sizable Online Fraud Threat. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

NOVEMBER 8, 2019

Not only that, but fresh PYMNTS research sheds light on fraud and facial recognition. Goldman Extends $10B In Apple Card Credit In First Month. According to regulatory filings made public this week, Apple Card? In other words, it is no longer enough to respond to a fraud attack after it occurs. Trackers and Reports.

Apple 100

Apple Cards Fraud User Experience 100

FICO

MAY 27, 2021

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. OCBC , a multinational banking and financial services corporation headquartered in Singapore, launched an online 60-minute mortgage approval service for Singaporeans using FICO® Origination Manager.

Analytics 52

Analytics Fraud Management America 52

FICO

DECEMBER 14, 2021

2021 saw the world settling into a new normal with heightened expectations of digital experiences. But European fraud and financial crime have continued to evolve. Last year we predicted that scams would become the leading fraud type in 2021, and the most recent research from UK Finance confirmed it.

Fraud 52

Fraud Management Data Trends 52

FICO

APRIL 5, 2022

Defending a third of all credit cards in Brazil. Itaú Unibanco, the largest private sector financial institution in Latin America, has migrated its fraud management and customer communication to the cloud, helping it to avoid over USD$20M a month in fraud losses. We processed more than 3 billion transactions in 2021.

Fraud 52

Fraud Management Risk Management Customer Experience 52

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

Fraud 125

Fraud Payments Innovation Industry 125

FICO

FEBRUARY 13, 2018

Led by Amazon in the US, which accounted for nearly half of all of American ecommerce sales in 2017 , online sales are a growing part of consumers’ buying habits, worldwide. These changing habits also present increased opportunities for fraudsters, who use evolving tactics and stolen payment card information to commit e-commerce fraud.

Fraud 72

Fraud Cards Trends Strategy 72

FICO

SEPTEMBER 14, 2021

in June 2021 — up 18% compared to June last year and now 18% above their pre-pandemic level. What does that mean for fraud professionals? However, COVID has changed many consumer habits in the US and around the world, including handling cash and cards. QR Codes and Fraud. Let’s take a look. . What about QR codes?

Fraud 52

Fraud Payments Mobile Data 52

PYMNTS

FEBRUARY 1, 2021

Another few dozen banks will be joining the instant payments scheme this year, said Camporeale, which pushes percentage of accounts that could use instant payments to 90 percent by the end of 2021. A Leapfrog To Instant – Or Room For Cards, Too? . Contactless card payments will likely remain popular even after the pandemic.

Payments 250

Payments Cards Taxes System 250

PYMNTS

DECEMBER 15, 2020

But he said the mergers that will take place in 2021 and beyond will create a healthier credit union (CU) landscape — and help bring branches toward a new level of customer service. Beware Of Fraud . Having control over the experience is really important, and knowing that your card is going to work is really important,” Scott said.

Course 186

Course Cards Fraud Mobile 186

PYMNTS

APRIL 9, 2020

Embedding such functionality, in turn, can help merchants get what they need to support brick-and-mortar locations (in the case of, say, a restaurant offering takeout and delivery) while shifting to online commerce at the same time. Ovick noted there have been indications that bookings for summer 2021 are starting to gain traction.).

Data 160

Data Software Fraud Retail 160

CFPB Monitor

MAY 12, 2021

The Durbin Amendment (Section 1075 of Dodd-Frank) authorized the Fed to issue regulations to ensure that the amount of any interchange fee received by a large debit card issuer (one with at least $10 billion of assets, together with its affiliates) is reasonable and proportional to the cost incurred by the issuer. New Lawsuit.

North Dakota 78

North Dakota Cards Regulation Fraud 78