PYMNTS

JANUARY 18, 2021

People in general are more aware of — and concerned about — fraud as we pass through a second season of COVID, and eCommerce continues to rack up impressive stats, good and bad. New threats are evolving all the time,” KP Brendel, director of marketplace operations at online thrift and consignment storefront Swap.com, told PYMNTS. “New

Fraud 144

Fraud Security Study Retail 144

PYMNTS

SEPTEMBER 30, 2020

Sometimes they’re just looking for more information, but other times they skip right to demanding chargebacks because they’re quite sure these purchases aren’t theirs and that they’ve been victims of fraud. By 2021, we’re looking already at a cost of $8.6 All of this confusion leads to a really big chunk of chargebacks,” Gerber said.

Cards 220

Cards Online Fraud US 220

PYMNTS

FEBRUARY 3, 2020

Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to $118 billion last year and are projected to reach $443 billion by 2021. Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. .

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Fraud Cards Tools ATM 131

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

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

NOVEMBER 6, 2020

billion for a part of Reliance Retail Ventures Ltd., Into Reliance Retail. billion for an equity share of roughly 2 percent in Reliance Industries subsidiary Reliance Retail Ventures Ltd. billion for an equity share of roughly 2 percent in Reliance Industries subsidiary Reliance Retail Ventures Ltd.

Retail 100

Retail Analytics Payments Fraud 100

PYMNTS

DECEMBER 3, 2020

After the year we’ve seen so far, uncertainty is probably just about the last thing the retail segment wants as a holiday present for 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. The New Landscape .

Cards 210

Cards Online Trends Survey 210

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

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

PYMNTS

JANUARY 19, 2021

What if close to half of all companies surveyed said productivity during COVID-19 work-from-home (WFH) orders is actually rising, as more business is conducted efficiently online and less time goes into commutation or gets siphoned off by sundry other office intrusions? Well, they’ve said it. Digital A Lifesaver For HR Pros.

Fraud 151

Fraud Survey Video Mobile 151

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

FICO

SEPTEMBER 14, 2021

A few weeks ago US economists were surprised when the Commerce Department reported that retail sales rose by 0.6% 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? QR Codes and Fraud. Venmo is a PayPal company. What about QR codes?

Fraud 52

Fraud Payments Mobile Data 52

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8

Survey 52

Survey Fraud Digital Banking social media 52

FICO

FEBRUARY 25, 2022

Since May 2019, major UK banks have participated in a voluntary code - the Contingent Reimbursement Model (CRM), designed to provide funds back to the victims of authorised push payment fraud or APP fraud. So, what can banks do to prevent APP fraud? Look Out for APP Fraud Signals – Develop the Rules.

Fraud 52

Fraud Payments Taxes Analytics 52

PYMNTS

NOVEMBER 30, 2020

And while on its own it would be a challenge, the trouble really begins when consumers start “crying wolf” about porch piracy to commit refund fraud , which as of 2020 is happening en masse. The Refund Fraud Boom — And Using Data To Curb It.

Fraud 204

Fraud Policies Data Retail 204

PYMNTS

JANUARY 15, 2021

The January 2021 Digital Consumer Onboarding Tracker® done in collaboration with Melissa informs on issues of the moment around how location data is making financial transactions safer and more accurate. The January 2021 Digital Consumer Onboarding Tracker® provides a focused view of how companies are getting it right.

Data 139

Data Los Angeles Study Fraud 139

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

FICO

JANUARY 28, 2022

Just as Black Friday and Cyber Monday drive peak volumes in retail sales, both in stores and online, they also drive peak volumes for FICO. Discover our solutions for customer originations, customer management and fraud detection. This is when the stability of the FICO network shines. Read about the FICO Platform. by FICO.

America 52

America Fraud Analytics Retail 52

CFPB Monitor

OCTOBER 5, 2022

The final RULE is substantially similar to the proposed rule issued in 2021 and requires online (card not present) debit card transactions to be enabled for processing on at least two unaffiliated payment card networks. 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

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

PYMNTS

OCTOBER 7, 2020

Online retail has exploded in popularity over the past 20 years, with online giants like Amazon, eBay and big-box retailers’ marketplaces becoming consumers’ go-to alternatives to brick-and-mortar merchants. The eCommerce industry is expected to generate $4.5 The eCommerce industry is expected to generate $4.5

Payments 171

Payments Analytics Online Retail 171

PYMNTS

MAY 28, 2019

With abundant choices in many aspects of their lives, consumers expect a range of options when it comes to online shopping, ranging from picking out clothes to making travel plans. By 2021, close to 90 million – or 86.5 Half of global online transactions are expected to take place in Asia this year. billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

OCTOBER 10, 2019

Take online security as another ongoing example. But there’s a big problem in this realm — a shortage of cybersecurity experts, the people with the training and expertise to defend retail and payments from increasingly sophisticated online criminals. Retailers are also tuning to crowdsourcing to solve delivery problems.

United States 175

United States Retail Online Training 175

PYMNTS

JUNE 13, 2019

But there’s a big problem in this realm — a shortage of cybersecurity experts, the people with the training and expertise to defend retail and payments from increasingly sophisticated online criminals. million cybersecurity jobs will need to be filled by 2021. According to Kaplan, some 3.5

Training 215

Training Online Maine Security 215

PYMNTS

JANUARY 25, 2021

Chief among them: the rise of online and contactless spending, all in an inexorable move away from cash. American Express said that in its latest quarter, consumer online spending rose 20 percent year on year, while offline spending was down 13 percent. Some general trends connect each of these companies. The average estimate of $1.28

United States 230

United States Payments Cards Trends 230

PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Building The (Retail) Use Cases. PayPal announced recently that its 350 million users could deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants beginning in 2021.

cryptocurrency 258

cryptocurrency Bitcoin Course Boston 258

PYMNTS

DECEMBER 30, 2016

Mastercard recently released that Brazil and Mexico are the two largest online retail markets in the region, creating more than half of the total sales. Because of the increase in smartphones and eCommerce, analysts also predict a rise in fraud attempts. We find ourselves before a milestone in payments’ evolution. and Europe.”.

America 113

America Regional Mobile Security 113

PYMNTS

NOVEMBER 8, 2019

Not only that, but fresh PYMNTS research sheds light on fraud and facial recognition. A recent study found online food delivery orders increased nearly 15 percent since last year with more restaurants looking to enhance the digital ordering experience. In other words, it is no longer enough to respond to a fraud attack after it occurs.

Apple 100

Apple Cards Fraud User Experience 100

PYMNTS

MAY 15, 2019

Without trust, the online sharing economy probably would not collapse – sharing is becoming almost a way of life for too many consumers, for one thing. adult consumers feel “very safe” or “somewhat safe” when using online sharing platforms and services. The company found that only two-thirds of U.S.

Regulation 164

Regulation Online Security Operations 164

PYMNTS

FEBRUARY 28, 2020

Speed is the name of the game in the online shopping space. seconds, in fact — to finish the average online shopping purchase. How Dropbox Fights Fraud (Digital Fraud Tracker). Cloud service providers host terabytes of valuable information, making them a particularly attractive target for fraud.

Fraud 130

Fraud Security Data New York 130

PYMNTS

OCTOBER 14, 2019

But there’s a big problem in this realm — a shortage of cybersecurity experts, the people with the training and expertise to defend retail and payments from increasingly sophisticated online criminals. million cybersecurity jobs will need to be filled by 2021, according to Cybersecurity Ventures.

Training 187

Training United States Innovation California 187

CFPB Monitor

MAY 12, 2021

The North Dakota Retail Association and North Dakota Petroleum Marketers Association filed a lawsuit on April 29, 2021 against the Federal Reserve Board in a North Dakota federal district court seeking to invalidate Regulation II’s standard for reasonable and proportional interchange fees. New Lawsuit. In 2014, in NACS v.

North Dakota 78

North Dakota Cards Regulation Fraud 78

FICO

APRIL 20, 2023

One significant consideration for businesses turning to RTP is the potential for fraud in various forms, from fake invoices to mules requesting refunds for goods that were initially stolen. In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals.

Survey 52

Survey Payments Fraud Management 52

PYMNTS

APRIL 15, 2019

To help build customer loyalty, eCommerce and brick-and-mortar retailers have a myriad of tools on hand: Cashiers can sign customers up for loyalty cards at brick-and-mortar stores, and eCommerce sites can send customers special offers and coupons by email. We love shrinking down, and bringing the design and technology a whole new flavor.

San Francisco 130

San Francisco Retail System New Jersey 130

FICO

APRIL 28, 2020

Our winners have innovated in lending, supply chain optimization, customer management, debt collection, fraud and financial inclusion. Fraud & Security. Leslie Parrish , analyst – retail banking at Aite. They come from all corners of the globe and many varied sectors of the economy. Alex Woodie , managing editor at Datanami.

Analytics 52

Analytics Fraud Management Innovation 52

PYMNTS

NOVEMBER 17, 2020

He said while many retailers utilize bots for legitimate and useful purposes, this activity unfortunately often provides “bad” bots the cover they need to do their nefarious work, often at increasingly cheap prices for bad actors. Will 2021 Be The Year Of Bot? Before, they were limited to one or two areas. Holiday Bot Battles.

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Fraud Montana Retail System 163