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 98

Fraud Survey Customer Experience Retail 98

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

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

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

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

PYMNTS

MAY 31, 2018

In a press release , the payment company said Hunt’s role will increase Mastercard security capabilities for its credit cardholders, customers, merchant and other stakeholders. According to Mastercard , cybercrime is forecasted to double over the next five years reaching $6 trillion by 2021.

Security 123

Security Fraud Industry Technology 123

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

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

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

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

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

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

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 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. retailers have online system vulnerabilities that could leave them open to fraud.

Fraud 130

Fraud Study Cards Security 130

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

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

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.

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

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

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

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. Similarly, it needlessly jeopardizes the safety of retail staffers, who are susceptible to robbery.

Lending 195

Lending Fraud Operations Ohio 195

PYMNTS

OCTOBER 5, 2020

Retailers must protect customers’ card data from hackers who try to snatch payment details, and following best practices to ensure security requires adhering to the regulations established by the PCI SSC, a global payments industry forum. Merchants may also look to payments orchestration platforms to help them manage compliance needs.

Cards 207

Cards Data Compliance Payments 207

PYMNTS

JANUARY 26, 2021

A more independent Alexa, however, is just the start of the new features being rolled out for 2021. Along with the new Alexa capabilities, Amazon is also rolling out its Guard Plus home security subscription service. Along with the new Alexa capabilities, Amazon is also rolling out its Guard Plus home security subscription service.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

FEBRUARY 28, 2020

Securities and Exchange Commission filing. How Dropbox Fights Fraud (Digital Fraud Tracker). Cloud service providers host terabytes of valuable information, making them a particularly attractive target for fraud. 1 or 2 player. Mastercard’s Incoming CEO’s Take On The Future Of Payments. Why DoorDash Is Eyeing An IPO.

Fraud 130

Fraud Security Data New York 130

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

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

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 Think about your home,” Kaplan told PYMNTS.

Training 215

Training Online Maine Security 215

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

MAY 28, 2019

By 2021, close to 90 million – or 86.5 The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 Mallzee created a digital mall where consumers can compare many different retail brands.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MARCH 10, 2017

With eCommerce in full swing, many retailers are looking to restructure many facets of their operations. From installing more IoT sensors in physical locations to strategic partnerships with chatbot messaging apps and more, retailers are revamping the way in which customer service is provided to consumers.

blockchain 108

blockchain Payments Retail Technology 108

PYMNTS

MAY 15, 2019

million users by 2021, with at least $335 billion being transacted via those products, services and online platforms, according to Jumio. No, Pointner wasn’t arguing in favor of imposing regulations on the sharing economy – it is unclear how that could be done in any case beyond the regular rules and laws involving payments and retail.

Regulation 164

Regulation Online Security Operations 164

FICO

DECEMBER 15, 2022

As scams grow worldwide – scams grew by 30% in two years in the UK and by 18% from 2020 to 2021 in the US – financial services institutions are looking for new tools to detect and stop them. To build the award-winning scams model, my team had to take a different approach from our traditional work on fraud models. Scott Zoldi.

Analytics 52

Analytics San Diego Fraud Cyber Security 52

PYMNTS

OCTOBER 14, 2019

As far as hiring goes, crowdsourcing promises to play a big role in the coming years — perhaps even decades — for the vital task of securing the web. million cybersecurity jobs will need to be filled by 2021, according to Cybersecurity Ventures.

Training 187

Training United States Innovation California 187

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.

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San Francisco Retail System New Jersey 130

PYMNTS

JANUARY 14, 2021

The first is that 60 percent of retailers have a problem: They aren’t currently selling on marketplaces, despite the fact they would like to do so. Luckily, PYMNTS can offer some guidance in the form of four concepts every SMB should investigate as they look to build out digital expansion. Embracing the Fast-Paying Marketplace .

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Tools Operations Payments Meeting 180