PYMNTS

FEBRUARY 3, 2020

Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. . Debit card fraud can have far-reaching consequences that extend beyond those of credit card fraud, as debit technologies link directly to customers’ bank accounts. Fraud And The Problem Of Convenience.

Fraud 131

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PYMNTS

JULY 3, 2020

Banks’ security efforts depend on analyzing consumers’ transaction histories to gain firm understandings of their normal behaviors, enabling financial institutions (FIs) to spot unusual activities that could suggest fraudsters are involved. Defending Agains Fraud During Periods Of Reopening .

Fraud 180

Fraud Cards Tools Florida 180

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. retailers have digital oversights that leave them vulnerable to attacks.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

NOVEMBER 11, 2019

Researchers at New York-based Red Balloon Security identified two vulnerabilities in retail cash machines manufactured by Nautilus Hyosung America, the companies said in a joint press release on Monday (Nov. According to an estimate by Red Balloon Security, more than 80,000 machines are vulnerable. based in South Korea.

Security 100

Security ATM America New York 100

PYMNTS

DECEMBER 16, 2019

’Tis the season for corporate fraud? the FBI recently issued a warning for holiday shoppers of a new scam called eSkimming , in which cyber criminals hack into legitimate online retailer websites to steal shoppers’ credit and debit card details. Yet, analysts warn, as cross-border B2B payment volumes rise, so does the risk of fraud.

Fraud 149

Fraud North Carolina Payments Delaware 149

PYMNTS

AUGUST 26, 2019

The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. Enumeration attacks, he noted are a good example of this.

Tools 207

Tools Fraud ATM Cards 207

PYMNTS

DECEMBER 20, 2016

Unattended retail will be a $275 billion-a-year industry in three years. Once the purview of soda machines and candy dispensers, the unattended environment now includes everything from non-bank ATMs to parking kiosks to coffee machines to fancy vending machines that dispense electronics and even cars.

Security 100

Security Retail Payments Data 100

PYMNTS

NOVEMBER 30, 2020

Fraudsters have redoubled their attacks on eCommerce channels, however, making consumers more concerned about data security. Shoppers may be reluctant to hand over their card details to every online retailer, as each transaction represents another risk that consumers’ information could be exposed in a breach.

Cards 151

Cards Security ATM Data 151

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.

Fraud 284

Fraud Study United States Training 284

PYMNTS

JUNE 17, 2019

Europol, the European Union police organization, is calling for increased security and vigilance in response to a string of attacks on ATMs throughout the continent, according to a report by the Associated Press. In a press release , RBR said the number of ATMs stood at 3.24 More than half of the ATMs are in China, the U.S.,

ATM 109

ATM Security Trends Marketing 109

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.

ATM 117

ATM Technology United States Security 117

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 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

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

NOVEMBER 8, 2017

Pundits prophesy a cashless society — and indeed, vast swaths of consumers are migrating to digital and mobile channels for many of their banking needs, as shown by a decline in the number of brick-and-mortar retail bank branches. Since smartphones haven’t learned how to print paper money, people still must turn to ATMs for that.

ATM 126

ATM Strategy Mobile Millennials 126

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. Retailing 2020: Five Things To Watch.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. PbBa is designed to work with the security of a consumer’s own bank.

Retail 116

Retail User Experience ATM Security 116

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.

Fraud 131

Fraud Cards Retail Security 131

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

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. retailers have online system vulnerabilities that could leave them open to fraud.

Fraud 130

Fraud Study Cards Security 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. Image: iStock/Piranka.

ATM 85

ATM Mobile Strategy Fraud 85

PYMNTS

OCTOBER 30, 2020

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

Cards 192

Cards Online Fraud social media 192

FICO

AUGUST 24, 2021

As a fraud professional, you may feel as though your organization walks a tightrope, balancing minimal customer friction with maximum risk mitigation. Through the lens of the customer journey, we may need to combine a fraud decision and an authentication decision, or identity proofing and KYC compliance decisions. Adam: Exactly.

Fraud 52

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NCR

NOVEMBER 21, 2017

Falling on the day after Thanksgiving, this perennial retail extravaganza marks the beginning of the traditional Christmas shopping period for consumers. Shoppers all over the world are drawn in by the many special offers advertised by retailers. The role of cash and ATMs. billion will be dispensed from ATM s in just one day.

ATM 51

ATM America US Retail 51

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

MAY 30, 2016

It’s also a good theme for taking a look at the news of last week, namely MasterCard fueling a robot-inspired automated restaurant future, Wells Fargo mobilizing payments and a communal approach to preventing payments fraud. Sharing data is the first step toward true fraud prevention , he emphasized. MasterCard Automates With Pepper.

Retail 100

Retail Fraud Mobile Data 100

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

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

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? According to the J.D.

Customer Experience 72

Customer Experience Retail San Diego Study 72

PYMNTS

JANUARY 12, 2017

Transmit Security, the programmable authentication company, announced a $40 million self-funded round of financing. In a press release , Transmit Security said the technology platform enables companies to get rid of passwords and implement any form of identification verification on any device across all customer-facing channels.

Fraud 100

Fraud Security Maine Software 100

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

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

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

ATM 103

ATM Mobile Innovation Security 103

NCR

MARCH 21, 2017

As well as dangers that have been around for many years, such as physical attacks on ATMs and deposit fraud, banks today must protect against attacks that target their software and digital infrastructure. The post FIs warned of ‘bad code’ security risk appeared first on Banking.com. Image: iStock/monsitj.

Security 45

Security Software Analysis Study 45

NCR

JULY 13, 2017

Financial institutions should be braced for a tough fight against fraudsters this year, as they have been warned 2017 is set to be a record year for card fraud losses. For instance, it highlighted card skimming at ATMs or POS machines as an attack method that continues to be troublesome.

Fraud 55

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PYMNTS

FEBRUARY 14, 2017

She comes to Chase Merchant Services with background experience in retail and mortgage business management, consulting, strategy, lean manufacturing, operations, transformation and change management. Prior, Strappa has held positions at GE Capital and McKinsey. The firm has assets totaling some $2.5 trillion and features operations worldwide.

ATM 168

ATM Strategy America Online 168

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? According to the J.D.

Customer Experience 48

Customer Experience Retail San Diego Study 48