Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 147

Fintech Strategy Leadership Lending 147

PYMNTS

JANUARY 11, 2021

To that end, late last week Equifax said it had reached a deal to acquire fraud prevention and digital ID firm Kount for $640 million. As reported, the deal will enable Equifax to boost its global presence in digital ID and fraud prevention, including through the Kount Identity Trust Global Network. In a Monday (Jan.

Fraud 158

Fraud Online ATM United States 158

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. With any change, fraud comes hand-in-hand. All these evolutions mean a changing landscape for retail fraud and scam trends.

Fraud 52

Fraud Retail Payments cryptocurrency 52

FICO

JANUARY 29, 2021

Today it gives me great pleasure to announce the winners of the 2021 FICO® Decisions Awards. . This year we received a bumper crop of entries from more than 30 different companies across the globe from banking and finance, retail, telecommunications, automotive, FMCG and healthcare. 2021 Decisions Award Winners. 2021 Judges. .

Meeting 98

Meeting Analytics Florida Fraud 98

Gonzobanker

AUGUST 31, 2021

Checking fee income is facing extreme downward pressure during 2021, influenced by competitive factors and the specter of greater future regulation. Non-interest income accounts for roughly 25% of the average financial institution’s revenue, and now this revenue that helps sustain broad retail convenience offerings is under attack.

Strategy 144

Strategy Analytics Retail Mobile 144

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. .

Fraud 131

Fraud Cards Tools ATM 131

FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

Fraud 52

Fraud Survey Customer Experience Retail 52

PYMNTS

OCTOBER 30, 2020

Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Alphabet Strikes Retail-Friendly Pose in Q3 Earnings. But tough comps abound – and 2021 will be marked by regulatory scrutiny and the continued tussle with Apple over ad tracking. Alphabet reported on Thursday (Oct.

Cyber Security 148

Cyber Security Security Fraud Payments 148

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

FICO

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

Fraud 52

Fraud Management Customer Experience San Diego 52

PYMNTS

MARCH 27, 2020

As Barnhardt noted, as transaction volumes spike, so does fraud. In the simultaneous battles against bad actors and false declines, he said, GIACT has advised clients wondering what to do (some have asked if they should relax fraud strategies amid the huge spike in commerce): “We keep saying, ‘follow the data. New Attack Vectors.

Fraud 137

Fraud Data Online Payments 137

Perficient

APRIL 2, 2021

fraud detection and financial crime monitoring). email, text, audio data), with the aim of identifying fraud or anomalous transactions. These technologies are also used to better target marketing in retail and customize trade recommendations in wealth management. Email: 2021-RFI-AI@cfpb.gov. Credit Decisions.

Regulation 309

Regulation Industry Risk Management Analysis 309

FICO

DECEMBER 1, 2020

I’m delighted to announce that FICO has been named as the Category Leader for Financial Crime - Enterprise Fraud in the recently published 2021 Chartis RiskTech 100. It discusses the need to deploy effective enterprise-wide solutions for fraud and financial crime management that can adapt to changing customer behaviour.

Fraud 59

Fraud Risk Management Analytics Management 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. Grupo Monge , a large retailer in Central America, used analytic decisioning to improve the way it grants credit, especially to customers previously excluded from loans. Fraud & Security.

Analytics 52

Analytics Fraud Management America 52

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 government is so concerned about cash disappearing they have written legislation that would require retailers to accept cash payments. Where Did My Cash Go? I uncovered some fascinating insights.

Fraud 52

Fraud ATM South Carolina Management 52

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

Fraud 141

Fraud social media Online America 141

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

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

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Video Discussion : 2:15-7:30).

Fraud 52

Fraud Technology Management Trends 52

FICO

NOVEMBER 11, 2020

FICO has announced its panel of independent judges for the 2021 FICO® Decisions Awards which honor clients achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Nominations are due December 4, 2020, and winners will be announced January 22, 2021.

Meeting 52

Meeting Analytics Big Data Management 52

FICO

APRIL 8, 2022

Data Orchestration for Fraud Prevention. There has been an awful lot of unsettling news about scams and fraud lately. As it happens, orchestration (of both data and process) is one of the most potent weapons in fighting scams and fraud. In recent weeks scams and fraud have been splashed across headlines everywhere.

Fraud 52

Fraud Data Management Examples 52

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

PYMNTS

JANUARY 19, 2021

Companies may reap benefits of remote workforces now, but many were unprepared for the transition to hiring and onboarding remotely, and verifying job candidates’ identities will remain difficult in 2021.”. That’s according to PYMNTS January 2021 Digital Identity Tracker® done in collaboration with Jumio.

Fraud 151

Fraud Survey Video Mobile 151

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

FICO

JUNE 17, 2021

In the build-up to Euro 2021, the countries of Europe hold their breath, experience sleepless nights and cold sweats in anticipation of the trials and tribulations of a football tournament. Surely, not all of these mechanisms are as secure as each other, so there is a relationship between payment methods and fraud risk. The Options.

Fraud 52

Fraud Payments Retail Cards 52

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. Piatt said those are figures align nicely with recently released National Retail Federation (NRF) data indicating that 39 percent of holiday shopping will happen online this season.

Cards 210

Cards Online Trends Survey 210

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

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

FICO

FEBRUARY 16, 2023

Total compromise cards were up 368% from 2021, with more than 161,000 impacted cards identified — nearly a 5x increase over 2021. When looking at total fraud cases related to skimming, we saw that 70% were tied to POCs in 5 states: California (38%), New York (16%), Pennsylvania (6%) and Florida/Washington (5%).

Cards 98

Cards US Data Fraud 98

PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. retailers have online system vulnerabilities that could leave them open to fraud. It’s why more banks and financial institutions (FIs) are upping their debit anti-fraud protections.

Fraud 130

Fraud Study Cards Security 130

Abrigo

MAY 24, 2023

It risks their customers’ safety and welfare, as patrons must carry significant amounts of cash on their person to make legal purchases at retail facilities. Similarly, it needlessly jeopardizes the safety of retail staffers, who are susceptible to robbery. The SAFE Banking Act is still awaiting further action in Congress.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

SEPTEMBER 29, 2020

Mastercard, through its collaborative fraud and dispute resolution technology Ethoca , will now offer a new version of online statements with added logos and clear business names for each transaction. By enriching transaction details, merchants can alleviate friendly fraud, reduce chargebacks and improve the customer experience.”.

Online 243

Online Guidelines Study Fraud 243

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

AUGUST 23, 2019

So far the XPOS has been shipped to over 30 countries, with plans to send out 100,000 devices to the global retail market by 2021. “This partnership with Pundi X solidifies our commitment to make cryptocurrency as easy to use as fiat currency in our stores.”.

blockchain 124

blockchain Analysis cryptocurrency Bitcoin 124

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. Learn How FICO Can Advance Your Digital Operations.

America 52

America Fraud Analytics Retail 52