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Can Behavioral Analytics Slow Online Fraud?

PYMNTS

Get a toehold in a consumer’s account with a card and whammo, here comes EMV. Fraudulent activity is 81 percent more likely to occur online than at the physical point of sale. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. Pity the poor fraudster. We pity no fraudsters.

Fraud 138
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Swap.com Uses Data Analytics To Fight Post-Holiday Fraud Surge

PYMNTS

Experts predicted that up to $190 billion would be spent online this year, a 35.8 The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Phishing scams were on the rise all year, while a survey of online shoppers found that 40.3

Fraud 189
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Payment cards: the preferred payment method in Japan

The Paypers

Research conducted by data and analytics company GlobalData has revealed that payment cards remain the preferred payment method for online purchases in Japan.

Cards 41
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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

PYMNTS

This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6 ATM usage has been severely affected by the pandemic, as such machines require touching keypads, screens and card readers. billion by 2024.

Analytics 266
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APIs, Data Analytics Bring Cash Flow Control To The Back Office

PYMNTS

Such touchless payment options are being used alongside traditional ones like credit cards and checks. Treasurers must also offer customers online access to manage their FX risks through digital channels, as the mismanagement of FX channels can lead to even more risk if customers are not proactively engaged.

Analytics 319
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Kicking Fraudsters Out Of Online Games

PYMNTS

It’s been said cybercriminals look for the path of least resistance when they target businesses or online marketplaces to steal data or money. And, increasingly, online gaming platforms — attractive to the bad guys due to their scale and relative anonymity — are in the crosshairs. The tools are there, but mindset matters.

Online 176
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WEX Pulls Fleet Cards Online In Australia

PYMNTS

WEX Australia has introduced an online platform connected to its Motorpass fuel cards, the company announced Thursday (May 18). She added that the launch of the Online Service Center is part of WEX’s broader “digital transformation,” which has been in progress for the last few years.

Online 101