FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud.

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FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. A BNPL Primer.

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Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 93

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. The Deep Dive examines the various fraud schemes threatening these apps as well as how providers are working to strike back.

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Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 70

FICO

AUGUST 30, 2018

This is a guest blog from Jonathan Williams , an expert in payments, identity and fraud prevention, working for advisory firm Mk2 Consulting. In July, the European Banking Authority (EBA) published their guidelines for reporting fraud under Payment Services Directive 2 (PSD2).

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Fraud Report Guidelines Conference 40

Gonzobanker

AUGUST 17, 2022

Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt. First, there was the drama leading up to the breakup with the rich hottie. Thankfully, there was still a smartphone and social media to commiserate.

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PYMNTS

APRIL 29, 2020

POPs can also provide merchants with other, related assistance like risk analysis and support fo r managing transaction flows. Gary Sevounts, chief marketing officer at eCommerce-focused fraud management and identity verification solutions provider Kount, recently discussed this issue with PYMNTS.

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PYMNTS

JUNE 13, 2019

Beyond the spin-off and name change comes some brick-and-mortar evolution and regional focus, as the firm opened a new headquarters in Amsterdam earlier this year, focused on sales and marketing efforts. Manual review, he noted, will still be in the cards. For faster decisioning, verification with speed becomes paramount.

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PYMNTS

OCTOBER 21, 2019

The new SCA Impact Playbook explores how subscription-based merchants can prepare for SCA and manage conversion, churn and card-based risk. The Three Cs: Conversion, Churn and Card-Based Risk. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy.

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Strategy Compliance Fraud Payments 100

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. FBI InfraGard.

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Fraud Cyber Security ATM FDIC 88

PYMNTS

MARCH 29, 2016

And much of it comes down to heavy-handed fraud controls brought about by three little letters: E.M.V. . “As soon as EMV started to really get pushed down into the [physical] stores, a lot more fraud moved online,” Dangelmaier explained. Not All Fraud Rules Are Created Equal. When Hitting “Buy” Means Bye-Bye.

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Fraud Retail Online Course 100

PYMNTS

JANUARY 1, 2021

Many businesses are finding that newer digital payment tools, like virtual cards, offer key advantages to optimizing their B2B processes during the health crisis. “We The year-over-year increase in cross-border online sales was even more dramatic in other regions. Preventing Financial Crimes.

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Trends Video Retail Payments 259

PYMNTS

JUNE 23, 2016

The convenience of credit cards and slimming consumer wallets may suggest that hard cash is slipping away as a preferred method of payment. In Germany — where, until recently, about 50 percent of eCommerce transactions were paid for by Cash on Delivery (CoD) — consumers are also continuing to choose cash over credit cards. The result?

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ATM Cards Analysis Trends 102

FICO

FEBRUARY 1, 2023

Despite many families so far managing to maintain their financial commitments — loans, credit card and mortgage repayments, as well as essential bills like utilities and rent — there are fears that rising inflation and interest rates may see a significant number struggle to make ends meet.

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Management Fraud Strategy Analysis 52

PYMNTS

NOVEMBER 29, 2019

We have a deep dive on accounts payable (AP) automation, analysis on “Google Checking” and news on the T-Mobile data breach. The Greater Boston Food Bank (GBFB) is among the nonprofits working to feed local communities this holiday season is the which provides food services to 190 towns as well as cities in the eastern Massachusetts region.

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FICO

FEBRUARY 25, 2019

Put another way, across all FICO Score ranges, the likelihood that a consumer with a newly issued bankcard will pay that card as agreed has decreased. Growth in Application Fraud Scoring Solutions. For example: fraud at the point of origination has grown substantially over those same past few years. revolver vs. transactor).

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Trends Fraud Data National 63

FICO

JANUARY 27, 2022

The most popular posts in our Customer Development category dealt with credit card payments, open banking, trends for financial services and small business lending — as well as FICO’s listing as a top risk management firm. The Impact of Covid-19 on Credit Card Payments . Here are extracts from those posts.

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FICO

NOVEMBER 11, 2020

René is currently responsible for the market and liquidity risks teams and the risk modeling team, overseeing credit, market and liquidity models, contributing to policy design and governance at Banreservas; the largest bank in the Dominican Republic and one of the largest in the region. by Nikhil Behl.

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Meeting Analytics Big Data Management 52

NCR

DECEMBER 27, 2017

We also explored the vital role the ATM has to play as consumers continue to show strong demand for cash in various regions, from Europe to Asia. Continuing the fight against fraud. FIs have continued to face fraud threats on various fronts in 2017, battling against everything from ATM hacks to cyber attacks and mobile malware.

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ATM Fraud Industry Security 76

CB Insights

AUGUST 3, 2017

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. Anti-Fraud : Companies offering payment fraud solutions. Anti-Fraud.

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Company Fintech Comparison Marketing 65

NCR

OCTOBER 17, 2017

The Payment Card Industry Data Security Standard (PCI DSS) applies only to companies that process card payments, and the Dodd-Frank Wall Street Reform and Consumer Protection Act was designed to protect consumer financial data. The analysis revealed that many of the same attack vectors bridged all regions as well as all industries.

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Security Analysis Regional Industry 45

FICO

AUGUST 10, 2022

For example, where previously large technical teams would manually adjust different sets of analysis whenever an interest rate change took place, FICO Platform would enable this to be done by one person in a matter of hours and across multiple systems. Matt joined FICO from Barclays where he was global director of Fraud. See all Posts.

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Lending Fraud Meeting Data 52

PYMNTS

JANUARY 31, 2020

For Chinese consumers, the partnership will allow any UnionPay consumer to link their card credentials to a PayPal wallet — and start transactions with PayPal’s 24 million merchants worldwide. That is a lot more than the card networks have right now.”. It depends a little on how this plays out.

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Bitcoin Payments Los Angeles blockchain 100

Tech and Finance

JUNE 14, 2018

They include such stunning news as John Hancock on mindfulness and a bit on risk analysis that survey 499 residents of Tianjin, China on how they view self-driving cars. Regional change is driven by changing customer behaviour and demands according to 55% of banking survey respondents. June 12 Temenos. May 2018 GlobalData.

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Survey Millennials Fraud Mobile 28

FICO

JULY 25, 2016

Like finding the relative handful of fraudulent credit card transactions in the billions that are processed daily, predictive analytics are enhancing FICO TONBELLER’s solution portfolio , which runs the gamut from anti-money laundering, to know your customer (KYC), to sanctions compliance. The use of scoring to rank-order AML cases.

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Analytics Compliance Examples US 40

CB Insights

APRIL 10, 2019

But even in the United States, interest in the tech is surging, according to the CB Insights patent analysis tool. It combines recognition of facial features (using neural nets or other algorithmic approaches) with heart rate analysis. Amazon, for example, is selling its tech to law enforcement agencies.

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Industry Examples Security Technology 78

Jeff For Banks

OCTOBER 24, 2014

We are just getting over Home Depot’s admission of 60 million credit and debit card numbers being stolen over the course of months, eclipsing Target’s data breach. She works continuously with our vendors and has implemented fraud detection tools to protect our customers’ debit cards. No system is sacred anymore.

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Philadelphia Conference California US 84

Fintech Labs Insights

AUGUST 7, 2015

The three regional finals will be held in September (schedule below). The company has developed a crowdsourced, mobile investment analysis solution geared toward mass-affluent millennials. Chicago-based Rippleshot builds security and anti-fraud solutions. Six winners will be chosen, two from each category.

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San Jose San Francisco Big Data New York 12

Fintech Labs Insights

JULY 16, 2015

Alfa-Bank’s Sense Financial Advisor brings personalization to larger universal banks by using big data analysis and artificial intelligence. BehavioSec’s BehavioMobile offers fraud detection by monitoring device rhythm and interaction patterns that are unique to each end user.

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Company Mobile Software Big Data 12

CB Insights

MAY 15, 2019

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. Its also expanding its regional focus too, with a recent announcement that the labs will invest more into R&D in India. GFT Technologies — Digital Innovation Lab.

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Innovation blockchain Technology Groups 78

CB Insights

OCTOBER 31, 2017

Note: Less than a month after the closure announcement, Vasupal was arrested for fraud in a bizarre case involving Stayzilla business dealings. We then adjusted that to say it’s nine to 12 months … We hope to see IoT embraced by manufacturing and ag in the state and in the region. Read more here. Product: del.icio.us.

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