Perficient

NOVEMBER 16, 2020

This is the first time the parameters under which debt collectors can operate have been updated regarding modes of communication since 1977 when the Fair Debt Collection Practices Act was enacted. This means that all financial services institutions that have collections functions (credit card, auto loan, personal loan, mortgage, etc.)

Analytics 294

Analytics Compliance Cards Operations 294

PYMNTS

DECEMBER 9, 2020

This includes building a governance framework to evolve technical, policy, compliance, security and operational standards for the issuing and use of fiat digital currencies and stablecoins.” . Cuy Sheffield , head of the crypto at Visa, said this is the first business card that will make the balance of USDC available for spending.

blockchain 258

blockchain cryptocurrency Analytics Policies 258

Abrigo

JULY 13, 2023

Crafty scammers exploit weaknesses in fraud and anti-money laundering (AML) compliance programs such as outdated technology, human error, or inadequate monitoring systems. Enhance data analytics capabilities : Data is a powerful tool. Banks can leverage data analytics to identify unusual patterns and anomalies.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

OCTOBER 7, 2020

But data in payment transactions provides an often-untapped opportunity for merchants to optimize their payment operations and grow their businesses, Tony Wimmer , head of data analytics for J.P. said Wimmer, who oversees the data and analytics efforts of firm’s payments-focused businesses.

Data 258

Data Analytics Payments Operations 258

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

Cards Analysis Data Compliance 108

PYMNTS

SEPTEMBER 18, 2020

With a focus on optimizing cash flow for merchant customers, EVO Payments has announced a new feature that enables businesses to access funds from card transactions in real time. The company is using Visa 's Visa Direct solution, which wields Visa's card rails to push funds to debit cards.

Innovation 291

Innovation Payments cryptocurrency Cards 291

FICO

APRIL 12, 2017

It’s especially cool to see how FICO customers can realize associated benefits by using our behavioral analytic technology. IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions.

Analytics 49

Analytics Fraud Compliance Comparison 49

PYMNTS

JANUARY 9, 2020

Businesses demand actionable insights, and analytics technology must be tailored to users in a way that can guide corporate strategy. This data integration trend is also driving another critical trend in procurement and spend analytics, according to Shah: enterprise-wide collaboration. ” Collaboration Through Data. .

Analytics 154

Analytics Data Trends Technology 154

FICO

MAY 30, 2019

The “use of Big Data, AI, Advanced Analytics, Cognitive Computing” was listed as the top trend in banking for 2019, according to research from The Digital Banking Report. And yet, for many business executives I speak with, the benefits of applying advanced analytics to these use cases remain frustratingly theoretical. Collections.

Analytics 49

Analytics Tools Strategy Compliance 49

FICO

APRIL 3, 2019

Most of the issues with procure-to-pay compliance arise because many staff reviewing transactions are more focused on completing their review than on the quality of the review. Analytics is critical to help monitor procure-to-pay transactions because it is fast, unbiased and can find hidden issues within the data.

Analytics 45

Analytics West Virginia Virginia System 45

FICO

FEBRUARY 15, 2017

In the previous posts in this mini-series, TJ Horan noted that AI is the newest hope for compliance , and Frank Holzenthal explored the benefits that AI can bring to compliance officers. Industry experts have begun to realize the significance of analytics in combatting anti-money laundering.

Analytics 67

Analytics Meeting Fraud Compliance 67

PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance.

Capital 174

Capital Lending Cards cryptocurrency 174

FICO

JULY 14, 2016

For example, one global bank spent almost $3 billion on financial crime compliance in 2015, with a department staffed with 9,000 personnel. The article is accompanied by this graphic, which shows you exactly how small, in 2015, the needle in this haystack was: Analytic intelligence comes to the fight against financial crime.

Analytics 40

Analytics Meeting Compliance Fraud 40

PYMNTS

AUGUST 14, 2019

His worry, he said, are the areas where they have expected to see more data reporting and haven’t; as well as indications that casinos have been taking their foot off the gas pedal of late when it comes to their compliance activities. “It The Team Oriented Nature Of Compliance . kilograms of methamphetamines and more than $5.5

Compliance 163

Compliance Las Vegas Mobile Data 163

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

Fraud 52

Fraud Cards ATM Case Study 52

PYMNTS

DECEMBER 4, 2019

The solution supports credit and debit card transactions, as well as ACH. Invoiced pointed to streamlined customer onboarding, fee transparency, PCI compliance and integration as key benefits for users and their own business clients. In a press release on Wednesday (Dec.

Payments 131

Payments Analytics Compliance Management 131

PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. What happened was exactly what was expected.

Fraud 150

Fraud Data Cards Retail 150

FICO

DECEMBER 21, 2016

That means 2017 should be a risky year from a compliance standpoint. Analytics will be the new black. Analytics will be the new black. Of course, as an analytics provider, we would say that. Analytics clearly provide a better quality of outcome, but that’s not their only advantage. We expect that to change.

Compliance 40

Compliance Analytics Taxes Groups 40

PYMNTS

JULY 2, 2019

The offering links business users to delivery benefits like one-day, same-day and chosen-day delivery, while also connecting users to enterprise services like spend data analytics and procurement compliance support. That same year, Amazon hit the one million Amazon Business membership mark after launching its B2B operations in 2015.

Marketing 108

Marketing Analytics Compliance Management 108

PYMNTS

JULY 15, 2020

Among the biggest challenges has been compliance, as so many organizations have had to have call centers , back-end operations and fraud teams work from home. . They may test cards, or not. Merchants “have had to pivot, quickly, to an online presence,” noted Bayliss. Lying In Wait . Human Touch .

Fraud 250

Fraud Course Online Data 250

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Trends Report 52

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. David Dittman, vice president, Data & Analytics (previous winner).

Meeting 52

Meeting Analytics Big Data Management 52

PYMNTS

MARCH 3, 2020

Each of the six firms will continue to retain individual operations at present. Using Cloud Technology And Data Analytics To Help Rebuild Storm-Damaged Homes. Workers in the field are using it to read and process paper receipts, and it is being employed in the back office to ensure compliance and root out fraud.

Management 130

Management Software Fraud Seattle 130

PYMNTS

SEPTEMBER 17, 2018

HomeAway, which was acquired by industry giant Expedia for nearly $4 billion in 2015, owns and operates travel booking platforms, including VacationRentals.com, VRBO and several others. It currently does business via a total of 50 websites and platforms around the world, operating in 23 languages and offering rentals in 190 countries.

Data 122

Data Analytics Security Payments 122

South State Correspondent

JUNE 27, 2023

The standard defines the protocol for creating electronic messages and covers a variety of transaction types, including payments, securities, trade services, cards, and foreign exchange. This leads to enhanced transparency and improved accuracy and facilitates compliance with regulatory reporting requirements.

System 195

System Data Examples Payments 195

PYMNTS

NOVEMBER 5, 2019

In today’s top payments news, Flywire appointed Rob Orgel to the newly created position of president and chief operating officer. Flywire appointed Rob Orgel to the newly created position of president and chief operating officer. Also, Uber ’s Q3 results beat analyst estimates in terms of headline numbers.

Payments 100

Payments Innovation Strategy Operations 100

Independent Banker

JULY 29, 2016

ICBA Services Network oversees five ICBA subsidiaries operated by community bankers for community banks. Each subsidiary delivers best-in-class programs, support and pricing for member community banks seeking operational efficiency and return on their membership investment. Moody’s Analytics — commercial lending software.

Community Bank 70

Community Bank Community Compliance Lending 70

FICO

MARCH 1, 2022

Card Risk Mitigation: EnFact® Advanced Scoring from Fiserv builds on FICO® Falcon® Fraud Manager by adding patented neural network modeling technology to deliver real-time detection of suspicious card transactions. Learn more about FICO's Adaptive Analytics for fraud. How FICO Can Help You Reduce Fraud Losses. by Nikhil Behl.

Fraud 52

Fraud Analytics Cards Tools 52

FICO

APRIL 18, 2018

These solutions bring unparalleled efficiency and machine learning capabilities to fraud, risk and compliance professionals. Anti-Money Laundering (AML) Advanced Analytics , designed to work with the FICO ® TONBELLER ® Siron ® platform, leverages supervised and unsupervised machine learning to combat money laundering.

Fraud 53

Fraud Analytics Miami Florida 53

FICO

JUNE 23, 2022

Julie and I kicked off our discussion with two essential questions: “How does the pandemic change the way banks operate, from a fraud perspective?” The pandemic had a significant impact on some organizations, as we had overseas first lines [of fraud operations] shut down for periods of time. The audience graciously laughed on cue.)

Fraud 52

Fraud Management Data Compliance 52

PYMNTS

FEBRUARY 18, 2020

This opens the door to new avenues of attack by those who wish to steal data, hijack accounts and make off with ill-gotten gains, as Eric Kraus, vice president of risk, fraud and compliance at FIS , told PYMNTS in a recent interview. Fraud’s Shifting Landscape.

Fraud 166

Fraud Data Mobile Cards 166

FICO

SEPTEMBER 20, 2022

FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. There can sometimes be a big disconnect between the leading edge of analytic innovation, where Scott lives, and the everyday trenches of the war on financial crimes, where I am. FICO Admin. Thu, 08/22/2019 - 12:37.

Fraud 52

Fraud Analytics Strategy System 52

Independent Banker

OCTOBER 31, 2022

According to Kevin Wilzbach, director of technology product management for Wolters Kluwer Compliance Solutions, providing digital lending opportunities helps community banks stay true to their mission by providing the best customer experience. Take advantage of analytics. Make it easier to capture applicant information.

Lending 91

Lending Community Bank Community Illinois 91

PYMNTS

JUNE 22, 2017

A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. Nearly two-thirds surveyed (and 62 percent of CFOs, specifically) said the same about chargebacks related to card-not-present transactions. Citing Nielsen Report statistics, Vesta noted $16.3

Fraud 108

Fraud Innovation Survey eBook 108

PYMNTS

FEBRUARY 26, 2019

When a company realizes it’s time to improve its corporate travel and expense (T&E) management strategy, there are a few items on the list of must-haves: Spend control, transparency and analytics are probably high on that list.

Cards 116

Cards Resources Management Data 116

FICO

JANUARY 10, 2023

They helped delegates understand how FICO’s social network analytics can be deployed to find the hidden links between entities, visualize the networks of criminal behavior and facilitate the prioritization and investigation of cases. The Rise of the Bots. Innovative Customer Communications for Fraud. The “Scamdemic”. Read the full post.

Fraud 52

Fraud Cards Analytics Oakland 52

PYMNTS

OCTOBER 27, 2019

In the bid to streamline and cement digital – and trusted – interactions between consumers and businesses, Turner said, Mastercard is entering new industries using assets that the card giant already has in place. Those guidelines include the need for consumer protection and regulatory compliance. Making Waves With Blockchain.

blockchain 101

blockchain Guidelines Fintech Fraud 101