BankInovation

OCTOBER 6, 2022

Financial institutions are implementing biometric solutions that can add layers of security, reduce fraud and provide a better understanding of client experience, however banks must integrate these solutions carefully, keeping compliance front and center and staying aware of fraud since the technology isn’t foolproof — not yet at least.

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UX Security Fraud Compliance 98

PYMNTS

NOVEMBER 8, 2018

PNC Bank’s Treasury Management unit is testing a new solution to address card-not-present (CNP) fraud for commercial clients. 7) that it is piloting Dynamic CVV2 technology for commercial card customers. The company said in a press release Wednesday (Nov. “Almost all U.S. “Almost all U.S. Christopher Ward.

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Fraud Cards United States Online 116

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

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PYMNTS

SEPTEMBER 26, 2017

Following the Equifax data breach, biometrics and data security have come under increased scrutiny as more companies and consumers consider their security-enhancing features. As a result, new biometrics solutions are popping up, adding additional layers to protect data and secure accounts that need extra care.

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PYMNTS

DECEMBER 30, 2016

Canada and the Netherlands, as well as a larger launch in Europe this year, Mastercard is now unveiling Identity Check Mobile to Latin America. Smartphone penetration in Latin America was about 32 percent in 2014 and is expected to grow to nearly 70 percent by 2020. After fruitful trials in the U.S., and Europe.”. and Europe.”.

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America Regional Mobile Security 113

PYMNTS

JUNE 8, 2020

Growth] in API usage has resulted in B2B transactions’ unparalleled acceleration, but banks must still contend with fraud threats,’ the Tracker states. There’s work being done securing APIs , but businesses are using them confidently, not just to field new products and CX, but also as a data cyber shield found only in the clouds.

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PYMNTS

JANUARY 12, 2018

12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. Those investments and focus, the company said, will help “define the future of payments security.”. Visa said today (Jan. million U.S. locations, according to the post. million U.S.

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PYMNTS

JUNE 15, 2017

Security isn’t just about catching the bad guys as they run away with store merchandise. And as part of a network, they can be a key piece in the preventative puzzle, triggering other elements of the security suite to activate. And surveillance isn’t just about identifying bad guys after the fact.

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Fraud Security Video Retail 101

PYMNTS

MARCH 20, 2020

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. The Bank of America at 52nd Street and Park Avenue in New York City, in one case, ran out of $100 bills for a time due to large withdrawal attempts.

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PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

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PYMNTS

SEPTEMBER 27, 2017

No matter how impressive new technology is, its fate often lives and dies with consumer adoption. The partnership is part of the bank’s larger effort to learn what customers do and don’t like about biometric authentication methods, and how they react to different security protocols, Gopalkrishnan explained.

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America Samsung Security Apple 133

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. The Need for Enterprise-Level Fraud Detection. FICO Admin. Thu, 12/19/2019 - 16:29.

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Fraud Regional CA America 52

PYMNTS

FEBRUARY 17, 2020

In this first-of-its-kind fraud prosecution of a small technology company, Golestan is facing 20 counts of wire fraud in a suit brought in the U.S. This is the first federal case that brings fraud allegations to internet resources. District Court in South Carolina. Golestan and his corporation have pleaded not guilty.

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PYMNTS

MARCH 30, 2020

The collaboration with California-based Stripe enables Keap’s more than 250,000 global customers to pay directly on an order form or invoice, and is designed to help customers improve checkout completion, fight fraud and scale faster, Keap said. Keap is also joining the Stripe Partner Program as a verified partner.

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Payments Arizona Fraud America 159

PYMNTS

JULY 29, 2020

Bank of America (BoA) has expanded its mobile wallet use to include corporate customers in the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, hoping to enhance clients’ experiences through faster and more secure business transactions, according to a press release. and Canada. and Canada.

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Mobile America Security Cards 247

PYMNTS

MARCH 18, 2016

Embedded digital security company Oberthur Technologies released on Thursday (March 17) the results of a survey showing that 80 percent of respondents would be more likely to use a MOTION CODE-enabled card over one that has a static and printed CVV code when shopping online.

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Cards Security Fraud Online 100

PYMNTS

SEPTEMBER 28, 2016

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. Argo will integrate WEX’s virtual card number (VCN) technology as an additional payment option for its corporate and travel agency clients.

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America Cards Regional Payments 100

PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. In the B2B space, the latest cases are spread across North America, Australia and the U.K. Aside from the political implications of such claims, The New Yorker ‘s report pointed to the fraud risks that organizations face, even from the C-Suite. In the U.S., In The UK, Too.

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PYMNTS

APRIL 7, 2017

With President Trump’s claim of voter fraud on a massive scale in the 2016 presidential election, it may be time for the country to rethink its voting process. This isn’t the first time that there have been issues with voting in the United States — or wild claims of voter fraud. While there are currently no voting systems in the U.S.

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blockchain Technology United States Florida 102

PYMNTS

DECEMBER 2, 2020

P97 Networks and Cybersource, Visa ’s international payment and fraud management platform, have unveiled a new multi-year international partnership to provide mobile payment acceptance tools that come with integrated risk management for fuel and convenience merchants, according to a Wednesday (Dec. 2) announcement emailed to PYMNTS.

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Payments Risk Management Fraud Mobile 205

PYMNTS

OCTOBER 8, 2020

EMEA, Asia and the Pacific and Latin America. Feedzai has seen the increase in fraud and scams with the pandemic. The company says its fraud solution works to decrease costs and more efficiently target the activity. percent of users who hadn’t experienced fraud were concerned about it, too. And meanwhile, 35.7

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Report Fraud Risk Management America 247

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. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

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Fraud Data Survey Regional 52

FICO

APRIL 7, 2022

Be fascinated by your customers, not your technology. This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection.

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Digital Banking Security Fraud America 52

PYMNTS

NOVEMBER 9, 2018

Silver Miller — America’s leading cryptocurrency investor law firm — announced it has filed lawsuits against AT&T and T-Mobile on behalf of crypto asset holders who were allegedly victims of “SIM swapping.” In addition, other Silver Miller clients, who used T-Mobile, were robbed of $400,000 and $250,000.

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Mobile cryptocurrency Fraud Security 172

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. CA Technologies’ Roadmap.

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FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). by TJ Horan.

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Fraud Trends South Carolina Risk Management 52

PYMNTS

APRIL 8, 2020

financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Bank of America received criticism for initially only allowing existing small and medium-sized businesses (SMBs) to apply. Bottomline Technologies.

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Lending Fintech America Technology 245

PYMNTS

JANUARY 27, 2021

The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI). Headquarters Federal Credit Union, created to serve its employees.

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New Jersey Connecticut Fraud System 223

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The first EMV card was developed in 1994, but the technology did not begin circulating worldwide until the new millennium.

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Fraud Cards Retail Security 131

PYMNTS

APRIL 27, 2020

Card networks, processors and other major financial institutions (FIs) have worked to build up the technological infrastructure to support credit card transactions over the decades. What’s more, all of this must be accomplished in complex regulatory and security environments, with the omnipresent threats of hacking and fraud.

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Cards Fintech United States Case Study 226

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. If that technology description sounds daunting, don’t be put off.

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Customer Experience Fraud Strategy Compliance 59

PYMNTS

JULY 29, 2020

Online payment tech company PayU is teaming up with cyber-fraud prevention firm Feedzai to beef up its network protections in a key global market, the companies announced on Wednesday (July 29). The partnership with Feedzai comes seven months after PayU acquired a majority, $185 million stake in PaySense.

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Payments America Customer Experience Analytics 131

PYMNTS

SEPTEMBER 14, 2017

ICBA Bancard , the payments services unit of the Independent Community Bankers of America (ICBA), announced Wednesday (Sept. In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As

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Community Bank Fraud Community America 128

PYMNTS

OCTOBER 23, 2017

Oh, and security, too – but not at the expense of that frictionless user experience. Although some customers ( millennials : cough, cough) may value convenience above all else, that youthful sense of fiscal invincibility does not extend to their elders, who place a higher premium on transaction security. What do consumers want?

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UX Security User Experience Millennials 116

PYMNTS

MAY 25, 2020

Digital fraud and other forms of financial crime are also on the rise due to the uncertainty and confusion surrounding the crisis. Twenty-two percent of Americans have reported being targeted by COVID-19-related fraud, and these scams have seen more than $1.2 COVID-19-Related Fraud. Secret Service.

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Fraud social media Security Guidelines 167

PYMNTS

AUGUST 4, 2020

. “This sudden shift, however, has compounded problems for many chief information security officers (CISOs) and cybersecurity teams charged with securing the digital fortress at their firms. Bloomberg’s methodology would have Citigroup and Bank of America spending about $700 million annually each.

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Survey Security Analysis America 265

FICO

DECEMBER 16, 2019

The Communications Fraud Control Association (CFCA) recently released the findings from its Global Telecom Fraud Survey. Fraud teams operate with lean structures. The majority are still using primarily rules-based fraud management systems, with just 6% using AI and machine learning. of respondents.

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Survey Fraud Cyber Security Compliance 52