PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it.

Fraud 245

Fraud How To Analysis Strategy 245

PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. It turns out that, for online retail last year, the “fraudliest day” was Dec. Thumbs Down On Rules Of Thumb?

Fraud 159

Fraud Risk Management Customer Experience Trends 159

PYMNTS

FEBRUARY 27, 2018

That certainly presents problems for spend management, according to research from the Global Business Travel Association (GBTA) Foundation, which found last year that non-corporate payment methods like cash and personal cards are limiting businesses’ access to transparency travel spend. Business spend on travel reached $1.15

Fraud 104

Fraud Marketing Payments Analysis 104

PYMNTS

MAY 28, 2020

The bank robbers who decades ago would have pulled off in-person heists have in many cases instead become cybercriminals who hack into mobile accounts, purchase stolen credit card information on the dark web and impersonate customers online or over the phone. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

Fraud 139

Fraud Mobile Tools Missouri 139

PYMNTS

SEPTEMBER 2, 2019

About 80 percent of gamblers are now betting online. Legal online sports gambling is providing business opportunities not only to payment services providers but also to companies that sell digital ID authentication services. According to an analysis released in January, “New Jersey’s online sportsbooks accounted for $241.05

NJ 108

NJ New Jersey Rhode Island Online 108

PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. Those were the main topics in a new PYMNTS interview, featuring Karen Webster and Zac Cohen, general manager at Trulioo , a global identity verification service.

Online 169

Online Las Vegas New Jersey Fraud 169

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. One of the most important links in the chain of e-commerce fraud is the “mule”. Such analysis can help answer questions such as: Are we being targeted?

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

MAY 29, 2020

FIs therefore must ensure their omnichannel experiences are paired with comprehensive fraud-fighting approaches that counteract potential issues. This month’s Deep Dive examines how fraudsters perpetrate cross-channel schemes and why FIs are using strategies like link analysis and behavioral analysis to detect and stop such crimes.

Fraud 132

Fraud Analysis Tools Cards 132

PYMNTS

NOVEMBER 23, 2020

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”.

Mobile 289

Mobile Boston Fraud Colorado 289

FICO

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The appeal of these banking innovations has also made it a honeypot for fraud. Saxon Shirley.

Fraud 52

Fraud Payments Survey Security 52

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.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. A Big-Picture Approach To Thwarting Debit Fraud.

Security 182

Security Fraud ATM Cards 182

PYMNTS

JULY 10, 2018

Use of online banking portals for corporates is ubiquitous — 99 percent of executives recently surveyed by JPMorgan said they conduct business banking online. When it comes to which eBanking processes are considered most valuable, payments topped the list, followed by account management and receivables management.

Online 100

Online Meeting Survey Analysis 100

PYMNTS

JANUARY 23, 2019

3 Super Bowl approaches — heaven for football fans and gamblers, including bettors who make wagers via online channels — federal authorities have brought a new level of uncertainty into the prospect of those legal bets. Now, at least eight states have some form of legal online sports betting, with more states moving toward that goal.

Online 143

Online New Jersey Las Vegas Risk Management 143

PYMNTS

JUNE 22, 2017

There’s another way, though, in which the fear of fraud bears down on the enterprise. A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. to understand how payments fraud is limiting corporates’ path to success. cents per every $100 transacted.

Fraud 108

Fraud Innovation Survey eBook 108

Abrigo

MAY 10, 2021

Takeaway 2 Process management features of a loan origination system help manage the workflow, from analysis through closing. A loan origination system (LOS) should perform several basic functions to automate and manage the end-to-end steps in the commercial loan process. Workflow & Analysis. Beyond Origination.

System 195

System Lending Analysis Software 195

South State Correspondent

JANUARY 23, 2023

How should I pitch treasury management services? 9) Keywords and Sentiment Analysis: Another great use case for ChatGPT is to analyze a block of language and return a required verbiage analysis. ChatGPT can be embedded in a bank’s online and mobile application via API. What are common UX issues for bank web pages?

Tools 370

Tools Examples Analysis Data 370

PYMNTS

OCTOBER 14, 2020

Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. “One The Resilience Factor.

Cards 182

Cards Fraud Study Online 182

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. By Katie Kuehner-Hebert. Rehman Khan, Travelers.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

DECEMBER 14, 2020

“[Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations. Better credit management is just one benefit AI can confer to banks, however,” per the Playbook.

Fraud 218

Fraud System Digital Banking Data 218

FICO

AUGUST 21, 2020

There’s one fraud pattern that’s highly predictable: when the economy goes down, fraud goes up. When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. A Resurgence of Specific Fraud Types.

Fraud 52

Fraud Customer Experience Tools Analysis 52

Abrigo

MARCH 24, 2023

The credit union’s risk analysis can only be adequately supported with supporting documents. All working papers should be attached to the file, regardless of how critical that analysis was to the process. plying any management or risk mitigation tools. Once again, all supporting documentation of your analysis must be retained.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

JUNE 19, 2020

There are ways to effectively manage these logistical issues, however. A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more.

Payments 188

Payments Compliance Resources Fraud 188

Abrigo

DECEMBER 7, 2021

Without supporting documents, the analysis of the institution's risk cannot be adequately supported. All working papers should be attached to the file, regardless of how critical that analysis was to the process. Once again, all supporting documentation of your analysis must be retained. Document the BSA/AML risk assessment.

How To 195

How To Fraud Analysis Compliance 195

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

APRIL 29, 2020

Managing a slew of PSP integrations is no easy or quick task, but businesses can turn instead to payment orchestration platforms (POPs) to ease the way. POPs can also provide merchants with other, related assistance like risk analysis and support fo r managing transaction flows.

Online 192

Online Payments Report Fraud 192

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Fraud 52

Fraud Cards Analytics Oakland 52

FICO

JULY 27, 2020

To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone. FICO recognizes that device IDs are no longer immutable, nor reliable as an indicator of potential fraud. These measures include: Your voice. How you hold, tap and swipe your device.

Fraud 52

Fraud Compliance Security Analysis 52

PYMNTS

NOVEMBER 13, 2020

But the change, originally mandated by the Revised Directive on Payment Services ( PSD2 ), may catch more than a few firms across the merchant, acquirer and issuer spheres unprepared, according to Spencer McLain , vice president and general manager of EMEA at Ekata. Robust risk analysis (and exemptions), of course, need data.

Analysis 154

Analysis Online Data Customer Experience 154

PYMNTS

JUNE 2, 2017

Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. percent annually through 2020, to top $8.1

Fraud 109

Fraud Conference Online Samsung 109

PYMNTS

FEBRUARY 7, 2017

According to analysis of the 23 financial institutions that participated in the survey, 90 percent of those banks have reported that the volume of origination of Same Day ACH services was either on par with expectations or surpassed expectations, while 83 percent said the same about the volume of Same Day ACH transactions received.

Fraud 100

Fraud Survey Payments Report 100

PYMNTS

AUGUST 28, 2019

A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. Some stores are leveraging automation to make the click-and-collect experience faster as well as cheaper and easier to manage. Risks and Automation Supports.

Retail 108

Retail Online Study Alaska 108

NCR

JULY 17, 2017

In today’s environment, setting up a fraud prevention program is a hugely complex process. One area that must not be overlooked is the impact of non-financial events and activities on a fraud prevention strategy. So what non-financial signals should banks be looking for in order to enhance their fraud prevention efforts?

Fraud 89

Fraud ATM Mobile System 89

NCR

JULY 28, 2017

The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. Research has shown that fraud has become a bigger threat as consumers and businesses have moved more of their financial processes into the digital space. An escalating threat.

Fraud 74

Fraud Digital Banking Survey Security 74

FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. What else made for the hottest reads in 2020 for fraud and financial crime? Here were our top 5 posts: #1: Fraud And Financial Crime Convergence.

Fraud 52

Fraud Compliance Survey Google 52

PYMNTS

NOVEMBER 12, 2018

The Changing Face of Omnichannel Fraud . For example, the adoption of EMV has helped cut down on in-store and card-present fraud, but, as a result, fraudsters have turned to other forms of attack that use new tools and technologies to target retailers. Combatting Card-Not-Present Fraud.

Fraud 148

Fraud Retail Cards System 148

PYMNTS

MAY 14, 2020

The pandemic required full-on digitization for many businesses to keep revenue flowing, but simply setting up shop online is no longer enough to keep customers happy. Small mom-and-pop merchants hustled to improve their websites and online stores. Optimizing The Payments Experience. Easing Transformation Through Collaboration.

Payments 169

Payments Branding Customer Experience Strategy 169