PYMNTS

JANUARY 21, 2020

Advances in fraud decisioning have cybercrooks scrambling into the new arcana of synthetic identities and fiendish mass bot attacks, looking for any possible opening to exploit. Some industries are more prone than others, as we discovered in the latest Fraud Decisioning Playbook , a PYMNTS and Simility collaboration.

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Fraud social media ATM Industry 131

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.

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Fraud Tools Mobile North Carolina 155

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 .

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Fraud Strategy Study Cards 148

PYMNTS

JULY 3, 2020

FIs confronting this new reality have worked hard to redesign their fraud-fighting approaches to suit the new commercial landscape. . Banks have worked to build detailed customer profiles over the past several months as consumers adjust to their new financial situations and develop clearer online habits.

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Fraud Cards Tools Florida 180

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.

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ATM Operations Customer Experience Security 101

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. On top of that, they want better security and ease of use, including new technologies like biometric authentication and more granular functions like specifying bill denominations.

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ATM Strategy Mobile Millennials 126

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.

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Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 22, 2020

Globally, more than 75 percent of all cards are now enabled with EMV chip technology. In development for over a decade, SmartMetric began designing products with biometric technology. The company determined that its sophisticated chip engineering, embedded within cards, would best combat fraud and stolen data.

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Cards Fraud Payments ATM 131

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

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.

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Fraud ATM Cards Online 76

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. Banks looking to make the most out of these rare visits must use the latest technologies.

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ATM Fraud Study Regional 151

FICO

MARCH 7, 2018

ATMs and merchants in 2017. ATMs, restaurants and merchants rose 8%. On the face of it, there’s nothing to celebrate in this ATM fraud data from our FICO ® Card Alert Service , which monitors hundreds of thousands of ATMs and other readers in the US. But the growth curve in ATM fraud is flattening out.

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ATM Fraud Cards Tools 45

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

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. 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. Old Tools, New Tricks

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Fraud Cards ATM Trends 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.

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ATM US Fraud Cards 74

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. In 2019 issuers faced $4.2

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Fraud Cards ATM Case Study 52

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).

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Fraud Payments Innovation Industry 125

PYMNTS

JANUARY 8, 2020

By using secret card-reading devices and pinhole cameras at various locations, Rusu and others were able to commit a widespread bank fraud conspiracy that targeted various banks in Massachusetts, New York and New Jersey from August 2014 to November 2016, according to law enforcement.

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San Diego Cards New Jersey Massachusetts 130

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

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. Highlighting Technology Trends' Current Tech. By Maria Korolov.

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ATM System Management Kansas City 93

PYMNTS

MAY 13, 2019

So, it is in banking with fraudsters and their victims, where attacks leverage weak points inherent in existing technologies and processes. As Karl Kilb III, CEO of identity verification firm Boloro , told PYMNTS, when it comes to online banking, the single point of failure is the internet. Beyond Online Banking.

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ATM Mobile Security Online 134

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. The average duration of an ATM compromise fell from 36 days in 2014 to 14 days in 2015.

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ATM Fraud US Cards 40

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.

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Fraud ATM Cards Online 53

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Super Bowl Countdown Brings New Online Gambling Action.

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Cards Technology social media Meeting 131

PYMNTS

JULY 29, 2019

Digital banking players worldwide — including those in India — are turning to advanced learning technologies like artificial intelligence (AI) and machine learning (ML) to personalize their offerings and draw users onto their platforms. conversational technology to answer users’ questions and interact with them across a variety of channels.

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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

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.

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Fraud Study Cards Security 130

ATM Marketplace

JUNE 9, 2020

The world has seen an unprecedented switch from CP (cardholder present), CNP (cardholder not present) to online transactions, which has massively changed the patterns of fraudulent activity for OLTP (online transaction processing).

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Technology Fraud Online 71

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

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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Fraud Analysis Tools Cards 132

NCR

JANUARY 4, 2018

There are many actions financial institutions can take to strengthen their defenses against fraud , such as equipping themselves with the latest machine learning and analytics solutions to identify threats before they have a major impact. The emotional implications of fraud. ” Optimizing customer engagement to fight fraud.

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Fraud social media ATM Groups 72

FICO

DECEMBER 4, 2017

(CBT) used a character called Barney to popularize the use of nascent ATMs. According to a report in the Hartford Courant , the bank’s Barney character, which had a small round face and bow tie, was once so recognizable in the state that any bank's ATM came to be known as a “Barney machine.” New Risks Require Additional Fraud Coverage.

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Fraud Mobile Payments ATM 64

PYMNTS

JUNE 21, 2019

Consumers are shopping, gaming and streaming entertainment online — everything is increasingly becoming digital-first, particularly for younger consumers, and credit unions nationwide know they must compete on those grounds. The challenge lies in the “how.” It can be a better offering going forward. Using Data To Build What’s Next.

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Fintech Fraud ATM Data 163

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. All issuers must make these basic checks to prevent this category of fraud. “.

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Cards Fraud ATM Maine 100

PYMNTS

JUNE 29, 2020

Wealthfront , the online investment service firm, has added checking features to its app. A debit card can now be added to the Wealthfront Cash Account to make purchases and get cash from a nationwide network of fee-free ATMs.

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Fintech California New York ATM 151

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. ATM operators need to keep in mind that card data breach is not just occurring at the card-entry bezel. Taking action.

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ATM Trends Security Cards 40

PYMNTS

OCTOBER 9, 2019

If a customer is at an ATM, then a PIN will still need to be entered. The biometric card will also be able to be used for buying things online, and it will function with contactless devices as well. . If the purchase is more than £100, then the card needs to be put into a terminal with the fingerprint as additional verification. .

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Cards ATM Security Innovation 132