PYMNTS

JANUARY 31, 2020

Consumers appear to be moving their debit payments away from brick-and-mortar stores toward eCommerce channels, meaning FIs and card issuers must work to support them while minimizing online security risks. These organizations need to fend off anything threatening, combatting both popular and emerging debit fraud attack methods.

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Fraud ATM Cards Security 148

PYMNTS

MAY 9, 2018

CO-OP Financial Services said Tuesday (May 9) that it is releasing fraud-fighting tools for its client credit unions, a move that would beef up the role of artificial intelligence in helping those financial institutions become more secure. COOPER is not the only recent financial services enhancement introduced by CO-OP.

Fraud 100

Fraud Security Risk Management User Experience 100

PYMNTS

OCTOBER 20, 2017

ATMs have been around for decades, along with the challenges they pose for financial institutions – including security of a machine that can hold hundreds of thousands of dollars; the financial burden of operating a fleet of such complex machinery; and management of the suppliers, solutions and technologies that go into making an ATM tick.

ATM 101

ATM Operations Customer Experience Security 101

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

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Knutson explained how the virtual debit card space is evolving to support eCommerce and detailed what goes into a secure yet speedy virtual card application process. Streamlining Onboarding Security.

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Cards Security ATM Data 151

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.”.

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ATM Marketplace

NOVEMBER 21, 2017

SINGAPORE--(BUSINESS WIRE)--TMD Security announced today the release of its Security Management Software portfolio that includes Security Kit Monitoring, Profile Management, Access Management and ATM Fraud Detection.

ATM 48

ATM Security Software Management 48

PYMNTS

NOVEMBER 8, 2017

In fact, many customers, regardless of age, desire a personal relationship with a financial manager, illustrating a shift in how branches are typically used. 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. The ATM Opportunity.

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ATM Strategy Mobile Millennials 126

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 . A PYMNTS study on U.S.

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Fraud Strategy Study Cards 148

PYMNTS

NOVEMBER 2, 2020

Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expense management offering into North America. Plus, Suplari launches new corporate spend management solutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.

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Tools Management America ATM 148

PYMNTS

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. The FIS mobile banking app acts as a remote control for the ATM, providing privacy and security for consumers.

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ATM Technology United States Security 117

PYMNTS

MAY 19, 2016

ATM skimming just got taken to the next level. Kaspersky Lab announced new research regarding a hacker collective, known as the Skimer group, that uses malware to essentially make an ATM steal users’ money. Instead of putting skimmer devices on the ATM, this group makes the entire ATM a skimming device.

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PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. The platform also helps allow — or restrict — transactions for individual or multiple accounts.

Fraud 101

Fraud Study ATM Training 101

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015.

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ATM Fraud US Cards 40

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.

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Fraud ATM Cards Online 59

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. Innovating The ATM Beyond Cash. FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. Consumers expect secure and fast access to digital tools. The Flaw In Demonizing Big Tech.

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Maine ATM Innovation Millennials 130

PYMNTS

NOVEMBER 1, 2020

Banks and corporates can use it to help reduce the risk of ATM security breaches, money laundering and fraud. As financial cybercrime continues to rise, banks and corporates need to deploy significant measures to protect themselves against fraud, money laundering and suspicious behavior,” he said, according to the release.

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Fraud Risk Management ATM Analytics 160

PYMNTS

JANUARY 5, 2017

4) that it expanded its relationship with the Shared Electronic Banking Services Company (KNET) in Kuwait in which it will use ACI Worldwide’s payment risk management service. With it, KNET can offer its member banks fraud protection. ACI Worldwide will also deliver ongoing fraud prevention consultancy to KNET. “A

Fraud 100

Fraud Risk Management ATM Customer Experience 100

Gonzobanker

SEPTEMBER 21, 2023

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. Finastra partnered with Glia for digital customer service.

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FICO

JANUARY 8, 2018

One of the newer applications of artificial intelligence rose to the top of the Fraud & Security blog last year: anti-money laundering. Readers were also keenly interested in learning more about cybersecurity and ATM compromise trends. Hacked ATMs Lead to 70% Rise in Debit Card Fraud. Read the full post.

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Meeting Fraud Security ATM 53

NCR

MARCH 17, 2016

Skimming, shimming, sniffing …no they’re not symptoms of the latest flu bug but this outbreak is equally as unhealthy for the ATM community. ATM attacks and crimes have been extremely active over the past year. has led many financial institutions to become more aggressive in their deployment of skimming security solutions.

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ATM Trends Security Cards 40

PYMNTS

MAY 31, 2017

That brings up some questions for banks: What are the opportunities for banks with debit, and with branches, and even with ATMs? One way that smaller banks are competing in the market for consumers’ attention is through ATMs, where fleet placement can bring a firm to top of mind and cement loyalty.

ATM 100

ATM Millennials Cards Management 100

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.

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Fraud Analytics Cards Tools 52

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].

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Fraud Payments Innovation Industry 125

ATM Marketplace

SEPTEMBER 14, 2017

By enlisting bankcard holders in the fight against fraud — effectively crowdsourcing fraud management — card issuers can achieve an added layer of security at a very low cost, while cultivating a more loyal and trusting customer base.

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Fraud Management Strategy Security 48

PYMNTS

JUNE 23, 2019

Byrne predicted that security tokens will reduce friction in capital markets while also improving price discovery. The killer app of blockchain is security tokens,” Byrne said. and those security tokens are going to need a regulated exchange. I perpetrated a fraud. The regulated exchange will disrupt Wall Street itself.”.

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Bitcoin Las Vegas Nevada Arizona 100

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. A driver of change.

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ATM Mobile Strategy Fraud 85

Abrigo

MAY 1, 2023

If you know your examiner will always ask for certain things (such as a list of private ATM owners), keep a separate folder for these customers handy. Remember: you are not letting anyone down by taking time to calm, energize, or reorganize your work life—you are investing in yourself to better manage risk and thrive in the AML/CFT field.

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Strategy Training Fraud Software 195

PYMNTS

FEBRUARY 10, 2017

Because shimmers are so thin and can easily be hidden inside of an ATM or card reader, they the potential to capture the data when a card’s chip is activated. While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud.

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Fraud Cards ATM Trends 100

PYMNTS

MAY 12, 2020

The bank is providing cash-management services for the exchanges’ U.S. One selling point to get JPMorgan to tiptoe into banking services for crypto may be due to the fact that the exchanges are relatively heavily regulated, with security qualifications in place (or “SOC,” for short) that address security, processing and data privacy.

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Bitcoin cryptocurrency Fraud Security 150

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. Humans Are The Weakest Link.

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Fraud Cards Security Tools 100

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.

Cards 98

Cards US Data Fraud 98

PYMNTS

NOVEMBER 15, 2019

S urvey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. ATMs Get Smarter. ATMs are another key facet of the digital-first banking experience. Third-party cloud servers do have their drawbacks, however, including compliance and security risks.

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ATM Video Survey Chicago 127

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments.

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Fraud Cards Retail Security 131

NCR

JULY 17, 2017

In today’s environment, setting up a fraud prevention program is a hugely complex process. One area that must not be overlooked is the impact of non-financial events and activities on a fraud prevention strategy. So what non-financial signals should banks be looking for in order to enhance their fraud prevention efforts?

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Fraud ATM Mobile System 89

NCR

NOVEMBER 21, 2017

The role of cash and ATMs. billion cash withdrawals (in terms of volume) undertaken at North American ATMs, according to Retail Banking Research Global ATM Market and Forecasts to 2022. It is the incredible value of cash that is dispensed from these North American ATMs that is of significance come Black Friday.

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ATM America US Retail 51

PYMNTS

MAY 29, 2020

FIs therefore must ensure their omnichannel experiences are paired with comprehensive fraud-fighting approaches that counteract potential issues. Fraud cost U.S. The problem will only grow, however, if FIs do not adapt their fraud-fighting efforts to suit their omnichannel offerings. Confronting Cross-Channel Fraud.

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