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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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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. Such silos prevent treasurers from comprehensively analyzing and gaining insights into companies’ cash flows and expenditures, hindering organizations from operating efficiently and reacting to customers’ needs in an agile manner.

Analytics 319
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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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How The B2B Mid-Market Drives Loyalty Through Online Payments

PYMNTS

Corporate buyers are quickly shifting their purchasing habits online, and seeking more efficient experiences from product sourcing through to checkout. A great example would be buy online, pick up in-store," noted Bachalli. We're in the golden age of B2B eCommerce," he told PYMNTS in a recent interview.

Online 275
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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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How Wix Fights The Money Laundering Threat With Data Analytics

PYMNTS

Money laundering is a never-ending threat to payments providers of all types, but especially to those that operate online. We know that fraudsters would like to hack the platform either for money laundering or to use stolen cards, looking for a way to swipe them virtually and get this money and then run away.”.

Analytics 163
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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

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.” FInTech that raised $75 million in Series D funding for its small business credit card technology.

Cards 181