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

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.

Fraud 131

Fraud social media ATM Industry 131

PYMNTS

JANUARY 19, 2021

A new year has begun, but the pandemic continues to throw financial and operational curveballs at banks, businesses and their consumers regarding how they conduct daily tasks or routine payments. 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

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release. “In

ATM 100

ATM National New York City New York 100

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.

ATM 111

ATM Georgia Groups Policies 111

PYMNTS

MARCH 8, 2019

At the same time, new technologies such as biometrics are emerging in the fight against fraud. And an initiative tied to a consortium of companies is looking to redefine how automated teller machine (ATM) applications are built and used. million: The number of ATMs in the world that run on Windows operating systems.

ATM 189

ATM Regulation Fraud Data 189

PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 In other news, Vancouver’s mayor is suggesting the ban of bitcoin ATMs, as the city’s police called them an “ideal money laundering vehicle.”.

Bitcoin 135

Bitcoin ATM blockchain social media 135

PYMNTS

JANUARY 5, 2017

With it, KNET can offer its member banks fraud protection. ACI Worldwide will also deliver ongoing fraud prevention consultancy to KNET. “A KNET will also use the tool to monitor domestic and international transactions across the network.

Fraud 100

Fraud Risk Management ATM Customer Experience 100

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. The Flaw In Demonizing Big Tech. How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel .

Maine 130

Maine ATM Innovation Millennials 130

ATM Marketplace

JANUARY 6, 2017

While credit unions, banks and other ATM owners and operators continue to migrate their machines to EMV technology, the question remains: Will EMV ultimately solve this very serious problem?

ATM 54

ATM Fraud Operations Technology 54

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

MARCH 3, 2020

Banks looking to make the most out of these rare visits must use the latest technologies. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Hindrances to Digital-First Implementations.

ATM 151

ATM Fraud Study Regional 151

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

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

Fraud 52

Fraud Cards ATM Case Study 52

NCR

SEPTEMBER 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. But what about the impact of EMV in other areas, such as the ATM. The effect on skimming rate.

ATM 75

ATM Fraud Illinois Cards 75

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.

Fraud 52

Fraud Analytics Strategy System 52

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.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

JANUARY 28, 2020

CUs are also leveraging the latest technologies, including cloud computing, to continue fostering the relationships with their customers. Though cloud computing still has its teething issues, CUs are exploring a middle ground between public and private cloud servers to determine the best way to harness this technology. million in 2019.

Innovation 155

Innovation St. Louis Fraud United States 155

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.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

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

PYMNTS

DECEMBER 26, 2019

Red Hat, which launched in 1993, specializes in Linux operating systems — an alternative to Microsoft’s proprietary software. The heart of the embrace and appeal of open-source technology is the need for speed, and to evolve use cases for end users (consumers and enterprises) in a more robust and secure fashion. Other Factors.

Software 132

Software Payments ATM Course 132

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?

Fraud 89

Fraud ATM Mobile System 89

ATM Marketplace

MAY 21, 2021

Modular anti skimming and anti skimming technology for protect against card cloning and card fraud in ATMs and kiosks, with usb reportand and able to connect sensors for detecting physical operations, with more than 100,000 Installations is the Anti Skimming solution most robust in the market

ATM 53

ATM Fraud Cards Operations 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

NOVEMBER 15, 2019

Many banks are taking digital-first approaches to meeting these demands, leveraging technologies such as AI, ML and data analytics to automate and improve customers’ banking experiences. In-Branch Technology. It has thus become imperative for banks to have the most recent technological innovations. ATMs Get Smarter.

ATM 127

ATM Video Survey Chicago 127

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. If you look at all the security problems out there (everything involving the internet, breaches, malware on your operating system), the internet and the operating system are inherently insecure.

ATM 134

ATM Mobile Security Online 134

NCR

DECEMBER 22, 2017

ATM malware is nothing new. The first such program that targeted ATMs specifically was discovered in 2009 , and criminals and banking security professionals are engaged in a constant arms race as technology advances and hackers find new vulnerabilities that must be dealt with. New report warns of network-based risks.

ATM 77

ATM Maine Security Trends 77

PYMNTS

JANUARY 9, 2020

The first EMV card was developed in 1994, but the technology did not begin circulating worldwide until the new millennium. Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. needs to support the following kind of technology for authentication.”.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JANUARY 9, 2020

Edenred’s operations focused mainly on Dubai. Arnaud Erulin, chief operating officer, Edenred Europe, Middle East and Africa, said Edenred is “improving the daily lives” of UAE residents that are under- and unbanked with its mobile app “that each year adds new functionalities to closely match their needs.”.

Cards 131

Cards Leadership ATM Maine 131

PYMNTS

NOVEMBER 21, 2016

are facing a class-action lawsuit by consumers that allege they colluded to raise the cost of ATM access fees in what they say is a violation of antitrust law. They want damages for both consumers and the operators of the ATMs. Atlanta-based Home Depot said new payment cards with “chip” technology remain less secure in the U.S.

ATM 100

ATM Atlanta Security Fraud 100

PYMNTS

APRIL 11, 2019

Among the many AI and machine learning systems available on the market, there is one particularly versatile type of AI, having been engineered specifically to enhance financial and payment operations: smart agents. Their reasons often have less to do with the technology itself, and more to do with their own limitations.

System 185

System ATM Analysis Survey 185

PYMNTS

JUNE 21, 2019

Moreover, PSCU’s SVP of Product Denise Stevens told PYMNTS in a recent interview, credit union operators can feel the direction the digital winds are blowing. The customer isn’t just looking for a slick app on mobile devices, over the phone, at a branch on a desktop or at an ATM. The challenge lies in the “how.”

Fintech 163

Fintech Fraud ATM Data 163

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.

ATM 40

ATM Trends Security Cards 40

NCR

AUGUST 4, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. But what about the impact of EMV in other areas, such as the ATM. The effect on skimming rate.

ATM 40

ATM Fraud Illinois Cards 40

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

NCR

FEBRUARY 2, 2016

The belated introduction of EMV technology to the US payment industry is currently having a major impact on how merchants, payment providers and other stakeholders in the financial industry approach fraud. But what about the impact of EMV in other areas, such as the ATM. The effect on skimming rate.

ATM 40

ATM Fraud Illinois Cards 40