PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

Fraud 155

Fraud Tools Mobile North Carolina 155

Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

PYMNTS

JANUARY 31, 2020

A 2018 survey found that 40 percent of American financial institution (FI) customers in this age bracket reported debit cards as their go-to payment instruments, while 36 percent favored credit cards. These organizations need to fend off anything threatening, combatting both popular and emerging debit fraud attack methods.

Fraud 148

Fraud ATM Cards Security 148

PYMNTS

DECEMBER 16, 2019

’Tis the season for corporate fraud? the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. In the U.S., In the U.S., More on that below.).

Fraud 149

Fraud North Carolina Payments Delaware 149

PYMNTS

JANUARY 22, 2020

billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo , the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. A multi-layered security approach is critical to thwarting crime and fraud in the digital space.

Cards 131

Cards Fraud Payments ATM 131

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch .

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

JULY 3, 2020

Financial institutions can keep customers safe by accurately determining when attempted transactions are legitimate versus when they are being made by fraudsters who have stolen customers’ cards or taken over accounts. Defending Agains Fraud During Periods Of Reopening . Reopenings could also lead to rises in certain kinds of fraud.

Fraud 180

Fraud Cards Tools Florida 180

PYMNTS

JANUARY 8, 2020

A New York man, 39-year-old Bogdan Rusu, was sentenced to 60 months in prison on charges of using credit card skimming tactics to steal $390,141 from various New Jersey banks, according to a Department of Justice (DOJ) report. From there, they used the information to steal customers’ money from their accounts.

San Diego 130

San Diego Cards New Jersey Massachusetts 130

PYMNTS

APRIL 18, 2019

Now, an unsealed indictment shows how the Manhattan DA’s office was able to take down the vendor after receiving a tip in 2017 about suspicious ATM withdrawals. ” The three men allegedly used a system to streamline their revenue as well, funding prepaid debit cards with bitcoin and withdrawing it as cash.

ATM 100

ATM Online New York Bitcoin 100

PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. On Twitter, numerous people have shed light on the issue.

Cards 172

Cards Florida ATM Fraud 172

PYMNTS

NOVEMBER 30, 2020

State mandates have also forced some businesses to close or limit on-premises operations, prompting such merchants to connect with consumers online instead. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

Cards 151

Cards Security ATM Data 151

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. Around The Next-Gen Debit World.

Security 182

Security Fraud ATM Cards 182

BankBazaar

JANUARY 25, 2024

What have your Credit Card ’s ancestors been up to? There’s probably nothing new we can tell you about the Credit Card. Today, we’re aiming at remedying that, so we’re all left with a new-found respect for our spend-friends and who knows, maybe it’ll just inspire us to go find the right Credit Card to fit our finances!

Cards 78

Cards Tools ATM Management 78

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.

Fraud 52

Fraud Cards ATM Case Study 52

PYMNTS

NOVEMBER 8, 2017

Since smartphones haven’t learned how to print paper money, people still must turn to ATMs for that. In fact, the number of ATMs in the U.S. Providing customers with an ATM experience that is both useful and simple is anything but simple on the bank’s end. The ATM Opportunity. The ATM Challenge.

ATM 126

ATM Strategy Mobile Millennials 126

PYMNTS

MAY 28, 2020

The Internal Revenue Service ( IRS ) wants to make sure you don’t throw out your prepaid $1,200 government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. On Twitter, numerous people have shed light on the issue.

Cards 163

Cards Payments Florida ATM 163

PYMNTS

OCTOBER 9, 2019

bank NatWest has started a three-month trial of a biometric credit card that will use a fingerprint in lieu of a PIN. If the purchase is more than £100, then the card needs to be put into a terminal with the fingerprint as additional verification. . If a customer is at an ATM, then a PIN will still need to be entered.

Cards 132

Cards ATM Security Innovation 132

PYMNTS

SEPTEMBER 4, 2020

It confirms that legions of consumers have shifted to online and mobile banking since the pandemic's arrival, and across demographic boundaries, people like it. percent of online banking customers using digital channels more. “Our percent of online banking customers using digital channels more. Fraud Fears, And Loyalty.

Digital Banking 234

Digital Banking Fraud Mobile Online 234

FICO

NOVEMBER 26, 2019

With new scams on the increase, FICO’s fraud experts have added new tips for staying safe and avoiding fraud, taking the total to 16. Take Care at ATMs. If an ATM looks odd, or your card doesn’t enter the machine smoothly, consider going somewhere else for your cash. Be Safe Online. Check Your Purchases.

Fraud 59

Fraud ATM Cards Online 59

PYMNTS

NOVEMBER 20, 2019

Online sales during the season are expected to soar, with recent estimates projecting gains of 14 percent over last year to $143 billion. Where brick-and-mortar had once been their hunting ground, card-not-present transactions are increasingly in the crosshairs. The malicious script was found at 17 merchants. The Top-Down Approach.

Online 142

Online Fraud Security Cards 142

FICO

NOVEMBER 21, 2018

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

Fraud 76

Fraud ATM Cards Online 76

FICO

MARCH 7, 2018

As FICO reported today, there was a 10% increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017. The number of compromised card readers at U.S. ATMs, restaurants and merchants rose 8%. But the growth curve in ATM fraud is flattening out. Protecting Customers from ATM Fraud.

ATM 45

ATM Fraud Cards Tools 45

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards. in 2016. “The

Cards 100

Cards Fraud ATM Maine 100

FICO

AUGUST 31, 2017

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. The fraud growth rate has slowed down from the gangbusters surge we saw in 2015, but consumers and issuers still need to pay attention. Never approach an ATM if anyone is lingering nearby.

ATM 74

ATM US Fraud Cards 74

PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. As Datablink CEO Alex Cagnoni pointed out, card cloning devices are not something new; however, with the use of a chip, the attack has become more complex but still quite effective.

Fraud 100

Fraud Cards ATM Trends 100

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

Fraud Resources Software Training 335

FICO

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. Keeping Up With The Fraudsters.

Fraud 52

Fraud Analytics Cards Tools 52

PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. Merchants handling myriad online orders must quickly and safely process payments, but one recent report found that 83 percent of top U.S. retailers have online system vulnerabilities that could leave them open to fraud.

Fraud 130

Fraud Study Cards Security 130

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Companies that didn’t have online shopping channels couldn’t sell their products, while eateries that didn’t provide online ordering for delivery or pickup couldn’t serve their diners. Innovating The ATM Beyond Cash.

Maine 130

Maine ATM Innovation Millennials 130

FICO

AUGUST 24, 2021

As a fraud professional, you may feel as though your organization walks a tightrope, balancing minimal customer friction with maximum risk mitigation. Doug: That sounds a lot different than, “Is this credit card transaction fraudulent?”. You’re not alone. That’s the challenge that contextual intelligence promises to help cut through.

Fraud 52

Fraud Tools Compliance ATM 52

FICO

NOVEMBER 27, 2017

Every year, the increase in shopping on Black Friday and Cyber Monday, and throughout the following shopping season, draws a rise in both card-present and card-not-present (CNP) fraud. Around the world, online purchase growth is driving more CNP fraud. FICO offers these fraud tips for consumers: Take Care at ATMs.

Fraud 53

Fraud ATM Cards Online 53

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

OCTOBER 20, 2017

Citibank has announced news that customers can now utilize the popular Citi Quick Lock feature on their debit cards, enabling them to quickly temporarily freeze their card in order to protect their bank accounts. Customers can easily lock their debit cards online or via Citibank’s mobile app if a card is misplaced.

Cards 108

Cards User Experience Mobile ATM 108

FICO

APRIL 8, 2016

The FICO® Card Alert Service has just released some startling stats: The number of ATMs in the US compromised by criminals rose 546 percent in 2015 over 2014. This marked the highest number of ATM compromises we have ever recorded. It has also taken on some new patterns: shorter compromises with fewer cards.

ATM 40

ATM Fraud US Cards 40

Independent Banker

NOVEMBER 13, 2014

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. Earlier this year, federal regulators warned financial institutions against criminal attacks on their ATM systems. Current Tech. By Maria Korolov. That will help make sure that the system is pristine.”.

ATM 93

ATM System Management Kansas City 93

PYMNTS

MARCH 3, 2020

Mobile and online banking’s prevalence has reduced physical branches’ importance, but these brick-and-mortar establishments are still vital to customers’ financial lives. Other digital-first banks are leaning heavily on ATMs to reduce their overall footprints. Digital-First Banking’s Advantages.

ATM 151

ATM Fraud Study Regional 151

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

Fraud 125

Fraud Payments Innovation Industry 125