ATM Fraud Operations Risk Management 
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
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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PYMNTS
OCTOBER 30, 2019
“Risk is always a concern when you are making a payment, when you aren’t face to face,” McFarland said. But where companies need to keep their focus is on the idea that risk and fraud are also associated with old, slow ways to pay. One, she pointed out, is that being slow doesn’t make a payment fraud-proof.
Jack Henry
APRIL 30, 2014
Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.
PYMNTS
AUGUST 30, 2018
All of which are true, Byrne said, so long as one has pounds in their pocket – because many of the merchants in markets don’t take cards, and will politely direct customers to the nearest ATM when they try to pay with one. As Webster pointed out, that does mean that myPOS has to carry some risk – particularly in the event of a chargeback.
Abrigo
AUGUST 19, 2022
Regulators' most recent statement is reminiscent of FinCEN's June 2022 statement on BSA due diligence for independent ATM owners or operators. Just as not all independent ATM owner or operator customers pose the same level of risk, not all independent ATM owner or operator customers are automatically at higher risk.
PYMNTS
JULY 16, 2018
It will also operate separately from Citizens Bank’s current retail offerings, which include approximately 3,300 ATMs and around 1,150 branches in 11 states in the New England, the Mid-Atlantic and the Midwest. The Citizen Access digital bank will also be marketed separately from Citizens’ current branch footprint.
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