PYMNTS

JANUARY 23, 2020

The January AML/KYC Tracker examines 5AMLD’s significance, as well as other efforts to thwart the fraud attempts challenging the financial sector. Worldpay On Modernizing Security To Foil eCommerce Fraud. Around The AML/KYC World. Fiat-focused digital wallets must also boost their security. Get the full story in the Tracker.

Fraud 157

Fraud Security Regulation cryptocurrency 157

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. In the meantime, what should businesses that want to operate in that new world do besides sit around and wait? More about that in just a bit, though. Proactive Steps.

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 28, 2020

Social distancing mandates during the COVID-19 pandemic have advanced banking’s trend toward omnichannel operations. This means FIs and account holders must communicate effectively regarding potential fraud and work together to thwart it. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

Fraud 139

Fraud Mobile Tools Missouri 139

PYMNTS

FEBRUARY 27, 2018

The latest report from eNett International , “ It Pays To Know: Fraud In Travel Payments ,” warns that payments fraud is plaguing the global travel space, though, in this case, the issue is imbedded deep within the travel supply chain itself. More than a third said receiving online payments is their riskiest process.

Fraud 104

Fraud Marketing Payments Analysis 104

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

PYMNTS

JANUARY 14, 2021

Experts predicted that online commerce over the holidays would increase 35 percent from the previous year, while brick-and-mortar retail sales were expected to decline by 4.7 percent — a large jump even considering the gradual, long-standing trend toward increased online commerce. How Swap.com Stomps Out Fraud.

Fraud 143

Fraud Miami Security Retail 143

PYMNTS

MAY 7, 2020

Emerging uses of adaptive AI and other new tech is set out in the new FI Fraud Decisioning Playbook , a PYMNTS and Simility collaboration, as financial institutions (FIs) and their clients ready for reopening by modeling good customer behavior to help identify bad actors. Learn by Example.

Fraud 248

Fraud Tools Data Examples 248

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 the operators of sports betting websites are wondering if the U.S. As the Feb. Gambling Progress.

Online 143

Online New Jersey Las Vegas Risk Management 143

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. Most survey respondents told JPMorgan that, though they conduct banking online, there are some processes that require in-person or over-the-phone interactions with their banks.

Online 100

Online Meeting Survey Analysis 100

PYMNTS

JUNE 19, 2020

Merchants looking to expand their operations at home and abroad must be able to support their customers’ preferred payment methods, but doing so is no easy feat. The COVID-19 pandemic is driving consumers online to shop and pay, and their rapidly changing shopping habits are forcing merchants to rethink their digital strategies.

Payments 188

Payments Compliance Resources Fraud 188

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

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). Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Trends South Carolina Risk Management 52

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. Consumers are heading online for fast and seamless shopping experiences, even when purchasing big-ticket items like cars.

Fraud 231

Fraud Security Payments United States 231

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. The technology can also enable FIs to build predictive models, perform real-time data analysis and improve account engagement.”.

Fraud 218

Fraud System Digital Banking Data 218

South State Correspondent

JANUARY 23, 2023

How Bankers Will Use This Amazing Tool Bankers can use ChatGPT in various ways to improve their productivity, operations, and customer experience. 9) Keywords and Sentiment Analysis: Another great use case for ChatGPT is to analyze a block of language and return a required verbiage analysis.

Tools 370

Tools Examples Analysis Data 370

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

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

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. The survey also found that 59 percent of respondents turned to BOPIS to get items faster than online shopping can provide. Tractor Supply Co.

Retail 108

Retail Online Study Alaska 108

PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. Consumers rely on the reviews of other customers, a dependence that has only grown deeper in the age of online shopping and travel. Priceline Uses AI To Help Fight Fraud.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

AUGUST 28, 2019

Fujitsu has noted that there has been a shortage of data specialists that can provide credit analysis in the country. Beyond the confines of Europe, Cryptix , a blockchain service provider based in Zug, Switzerland, has said that it acquired Blocktrade, which operates as a digital asset exchange platform.

Fintech 172

Fintech Analysis Guidelines Data 172

PYMNTS

SEPTEMBER 11, 2019

Fraud Trends. According to an earlier analysis of this particular fraud trend, Ronnie Tokazowski , senior threat researcher at Agari , said, “For trends that we’re seeing, actors have been asking for gift cards instead of wire fraud, but still engage with wire fraud as well. Fraud Crackdown.

Fraud 163

Fraud social media Cards Bitcoin 163

PYMNTS

APRIL 16, 2020

As of the end of 2019, eCommerce was about 15 percent of total commerce, Ekata Vice President of Strategy and Operations Arjun Kakkar told PYMNTS in a recent conversation. It takes that long to get feedback from consumers on credit card fraud. They simply don’t have enough historical patterns. Building A New Balance.

Meeting 170

Meeting Fraud Analysis Data 170

PYMNTS

JULY 21, 2020

In a deal expected to create the world’s largest online classifieds company, eBay Inc. has agreed to sell its ad division to Adevinta ASA, the Norwegian online marketplace, for $9.2 Ant Group, the online payments division arm of Alibaba Group Holding Ltd., Plus, Alibaba’s Ant Group plans to file an initial public offering (IPO).

Fintech 140

Fintech Groups Payments Mobile 140

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.

Online 192

Online Payments Report Fraud 192

PYMNTS

OCTOBER 3, 2019

But what you probably don’t know is that consumers want the type of financial services control that could potentially reduce their risk for fraud and leave them responsible for more authentication tasks, according to fresh PYMNTS research. As Samy told Webster, such a finding reflects the risk-analysis decisions going on in consumers’ minds.

Fraud 151

Fraud Digital Banking Mobile Analysis 151

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

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

South State Correspondent

SEPTEMBER 30, 2022

A couple of weeks ago, we delved into the origination and operating costs of manufacturing commercial loans ( HERE ). The goal here is to give bankers that don’t utilize a funds transfer pricing and activity analysis methodology a glimpse into the cost of producing the most popular deposit categories. This is a tactical mistake.

Operations 361

Operations Marketing Data Analytics 361

FICO

SEPTEMBER 18, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity-based application fraud. Will they be profitable?

Fraud 51

Fraud How To Policies Strategy 51

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

JANUARY 27, 2020

The report emerges at time of greater focus on the pros and cons of the third-party delivery aggregator ecosystem — Domino’s has gone its own way and controls its own delivery operations — and the ongoing rise of mobile order-ahead technology. Worries about fraud are a big factor, according to PYMNTS research. Less Than Full Potential.

Mobile 173

Mobile Innovation Analysis Course 173

PYMNTS

JULY 18, 2018

How exactly fraud attacks and fraud prevention will change in the post-PSD2 world remains unclear, but change is certain, according to observers. In fact, call center fraud already costs companies $0.58 The report covers ways in which call center operations are fighting fraud — including in Europe, the home of PSD2.

Fraud 104

Fraud Security Payments System 104

PYMNTS

MARCH 27, 2020

The publication pointed to commentary from angel investor and entrepreneur Jason Calacanis, who predicted “that 50-80 percent of the venture-backed startups currently operating will shut down or go on life-support.” Investors at Kleiner Perkins led the round, a press release said. Arkose Labs.

Cards 181

Cards Fintech Capital California 181

FICO

SEPTEMBER 20, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity fraud, specifically for application fraud.

Fraud 45

Fraud How To Policies Strategy 45

Banking 2020

JANUARY 29, 2016

Protecting a financial services organization against fraud requires much more than a strong password policy and client education. The sophistication of cyber attacks and high risk of fraud necessitate a comprehensive anti-fraud program that includes policies, processes and technologies. Step 2: Perform a root cause analysis.

Fraud 40

Fraud Analysis Policies Training 40

PYMNTS

JANUARY 27, 2020

The report emerges at time of greater focus on the pros and cons of the third-party delivery aggregator ecosystem — Domino’s has gone its own way and controls its own delivery operations — and the ongoing rise of mobile order-ahead technology. Worries about fraud are a big factor, according to PYMNTS research. Less Than Full Potential.

US 141

US Mobile Innovation Analysis 141