PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash.

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Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 22, 2020

The nationwide debit/ATM network PULSE has tapped Jennifer Schroeder to serve as its executive vice president for product management, the company announced Wednesday (Jan. Lerdal was vice president of fraud operations and compliance for PULSE. He also had a leadership role in implementing an anomaly-detection program.

ATM 130

ATM Operations Management Fraud 130

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

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Fraud Study United States Training 284

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. Another study indicated that debit-related fraud is on the rise across the U.S. Around The Next-Gen Debit World. The report noted that U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

SEPTEMBER 17, 2020

In separate news, the overall count of bitcoin automated teller machines (ATMs) approached 10,000 at the beginning of September, aksjebloggen.com reported. There were 9,680 bitcoin ATMs as of the start of the month, marking a 167 percent year-on-year rise.

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Bitcoin ATM Security cryptocurrency 178

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. A Big-Picture Approach To Thwarting Debit Fraud.

Security 182

Security Fraud ATM Cards 182

FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. Because of the rapid shifts in consumer behavior, the trusty ATM is becoming hard to find in the wild. The ATM population peaked at around 470,000 total devices in 2019 , but dropped to 456,000 in 2022.

Fraud 52

Fraud ATM South Carolina Management 52

PYMNTS

JANUARY 28, 2020

One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. Many CUs do not realize that they are even falling victim to this kind of fraud, leading the United States Federal Reserve to believe that this type of fraud often goes unreported.

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Innovation St. Louis Fraud United States 155

PYMNTS

JUNE 13, 2017

“As an industry leader in enabling cardless transactions at the ATM, our comprehensive solutions are bridging the physical and digital worlds of cash to truly drive connected commerce,” said Alan Kerr, Diebold Nixdorf senior vice president of software in a press release. “Co-innovation

Samsung 119

Samsung ATM Austin Security 119

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. Never approach an ATM if anyone is lingering nearby.

Fraud 59

Fraud ATM Cards Online 59

NCR

APRIL 26, 2017

Developments in technology and business practices have helped banks to protect their ATMs more effectively than ever before. The ATM Industry Association’s (ATMIA) 2016 annual fraud survey found that the proportion of respondents revealing a general increase in ATM crime dropped to 42 percent , from 51 percent in 2015.

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ATM Security Fraud Cards 81

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. Ever since then, we have been in an innovation race with the bad guys.

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ATM US Fraud Cards 74

Insights on Business

NOVEMBER 22, 2017

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

Fraud 125

Fraud Payments Innovation Industry 125

PYMNTS

JANUARY 22, 2020

The nationwide debit/ATM network PULSE has tapped Jennifer Schroeder to serve as its executive vice president for product management, the company announced Wednesday (Jan. Lerdal was vice president of fraud operations and compliance for PULSE. He also had a leadership role in implementing an anomaly-detection program.

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Operations Management ATM Fraud 131

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. Why the ATM is key to omnichannel. According to Retail Banking Research , the number of ATMs worldwide rose by five percent to 3.2 million in 2015. Image: iStock/Piranka.

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ATM Mobile Strategy Fraud 85

PYMNTS

MARCH 1, 2017

Creating innovation that’s both meaningful and lasting requires more than just coming up with a great idea. PYMNTS: How would you define your company’s approach to innovation? TC: Traditionally, we’ve relied on our partners and client advisory committees to help direct our innovation, which in a way made us a fast follower.

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Innovation Payments Fraud Trends 100

PYMNTS

MARCH 3, 2020

Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Other digital-first banks are leaning heavily on ATMs to reduce their overall footprints. Digital-First Banking’s Advantages. million.

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ATM Fraud Study Regional 151

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.

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Fraud Cards Analytics Oakland 52

FICO

MARCH 18, 2020

In that blog I introduced FICO’s patented Multi-Layered Self-Calibrating (MLSC) fraud model , which we have successfully deployed to overcome regional- and usage-specific variations in normal prepaid card spending behaviors, and find more prepaid card fraud. Prepaid models US Prepaid and GIM Prepaid 1.0 Outliers Are Always in Flux.

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Fraud Cards ATM Groups 52

Celent Banking

FEBRUARY 28, 2017

Product Innovation — for demonstrating the ability to launch multiple innovative products. Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. New digital channels include SMS/text, ATM and Facebook.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Product Innovation — for demonstrating the ability to launch multiple innovative products. Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. New digital channels include SMS/text, ATM and Facebook.

Innovation 100

Innovation Lending Boston Trends 100

PYMNTS

OCTOBER 25, 2019

Mastercard -owned Vocalink has contracted with LINK through 2031 to continue offering ATM switching and settlement services to roughly 60,000 ATMs in the U.K., An infrastructure partner to LINK since 1986, Vocalink will remain the technology provider that connects ATMs to the LINK network. “We

ATM 100

ATM Innovation Fraud Community 100

PYMNTS

OCTOBER 25, 2019

Mastercard -owned Vocalink has contracted with LINK through 2031 to continue offering ATM switching and settlement services to roughly 60,000 ATMs in the U.K., An infrastructure partner to LINK since 1986, Vocalink will remain the technology provider that connects ATMs to the LINK network. “We

ATM 100

ATM Innovation Fraud Community 100

FICO

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. As for me, I’m a software guy and payments professional doing my best to roll with the changes in an ever-shifting fraud landscape.

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Fraud Analytics Strategy System 52

FICO

MARCH 9, 2020

For instance, HSA cards are rarely used to get cash from ATM machines, while ATM withdrawals can be common behavior for payroll cards. As the popularity of prepaid cards has grown, clients using the FICO® Falcon® Platform have expressed a strong interest in fraud models built specifically for prepaid card fraud.

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Fraud Cards Analytics ATM 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

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.

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Fraud Resources Software Training 335

PYMNTS

JANUARY 22, 2020

The company determined that its sophisticated chip engineering, embedded within cards, would best combat fraud and stolen data. Consumer fraud is a consistently challenging crime with evolving threats of all kinds, and biometric security measures are just one way that companies are responding.

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Cards Fraud Payments ATM 131

PYMNTS

JANUARY 20, 2017

And that, John Buzzard, fraud executive expert of CO-OP Financial Services told PYMNTS, means that the financial services industry must continue to deal with the challenges and security risks associated with magstripe payments as well. New year, new payments technology, same old mag stripes. Monetization Of Personal Data.

Fraud 100

Fraud Cards Security Tools 100

PYMNTS

DECEMBER 26, 2019

One can almost feel it in the bones: the excitement to come in the world of payments in 2020, as innovation sparks new business models and disruption. Indeed, Red Hat has been working with KAL ATM Software , which leverages a process known as virtualization, using technology to uncouple hardware from the ATM’s operating environment.

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Software Payments ATM Course 132

PYMNTS

NOVEMBER 15, 2019

It has thus become imperative for banks to have the most recent technological innovations. For example, BMO Harris opened a new “smart branch” in Chicago last year with smart ATMs, video screens that link to live tellers and mortgage professionals, and employees equipped with tablets capable of conducting transactions.

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ATM Video Survey Chicago 127

PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. retailers have online system vulnerabilities that could leave them open to fraud. They must also navigate these fraud risks while offering the payment methods customers crave — especially debit and contactless options.”.

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Fraud Study Cards Security 130

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

Banking 2020

AUGUST 27, 2015

ATM skimming remains a big business for organized crime rings. One new approach that banks are exploring to mitigate this particular vector of fraud is the notion of using smartphones as a second factor of authentication since most people always have their phone with them. But that is just one issue with QR codes.

ATM 40

ATM User Experience Fraud UX 40

PYMNTS

APRIL 11, 2017

Through a new partnership, FIS Mobile and Cardtronics are addressing one of the most vulnerable touch points when it comes to accessing cash — non-bank ATMs. Doug Brown, SVP and group executive for FIS Mobile , announced exclusively to PYMNTS that it will expand its cardless cash ecosystem to now include Cardtronics non-bank ATMs. “We

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ATM Mobile Innovation Security 103

PYMNTS

JULY 29, 2019

The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services. ICICI Bank has also expanded the chatbot’s functionality since its rollout, and it now allows users to search for ATM locations or branches as well as ask a wider range of questions.

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Digital Banking Fraud ATM Mobile 181

FICO

FEBRUARY 16, 2023

While this alone should give pause, when combined with the fact that there were an average of 185 cards compromised per skimming event, banks and consumer should all be wary when using any ATM, point of sale terminal, or other location where a card skimmer could be potentially located.

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Cards US Data Fraud 98