Gonzobanker

SEPTEMBER 21, 2023

NCR announced plans to separate into two independent, publicly traded companies: NCR Voyix , focused on digital commerce, and NCR Atleos , focused on ATMs. Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. an embedded payments platform for fintechs.

Fintech 103

Fintech Software Illinois Lending 103

Abrigo

DECEMBER 7, 2021

Inherent risk is any activity or factor posed to the financial institution, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk.

How To 195

How To Fraud Analysis Compliance 195

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.

Fraud 88

Fraud Cyber Security ATM FDIC 88

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.

Payments 104

Payments Risk Management Security Fraud 104

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.

ATM 105

ATM Cards Payments Case Study 105

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." WATCH Takeaway 1 Understanding generative AI and how peers are using AI and genAI helps financial institution leaders and management vet the technology and related risks. Introduce key takeaway below. This short be 2 lines max.

Examples 195

Examples Fraud Resources Risk Management 195

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

PYMNTS

MAY 29, 2018

As an example, take the common annoyance of having a transaction blocked — maybe at an ATM in a foreign country or when trying to buy an expensive item from a big-box merchant. The issue of online trust permeates those actions.

Security 123

Security Online Data Regulation 123

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.

Cards 100

Cards Data Digital Banking Retail 100

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

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.

ATM 195

ATM Regulation Fraud Policies 195

Gonzobanker

APRIL 23, 2020

It’s important that the institution understands which businesses might be labeled as high risk (e.g., those with onsite private ATMs, pawn shops, jewelry stores, and other cash-intensive businesses). Difficult times increase risky behaviors by owners to save their businesses. Explore what guidance regulators might provide.

Management 80

Management Tampa Analytics Data 80

FICO

MARCH 26, 2018

In many financial institutions, different products and/or channels are often managed by different teams. For fraud management, this means the people managing card fraud are not engaged in managing ACH payment fraud, and the person worrying about customer experience is not the person awake at night with fraud worries.

Fraud 86

Fraud Management Strategy Analytics 86

NCR

AUGUST 10, 2017

Research has suggested that, among some consumers, the appetite is already there for IoT and AI to play a bigger role in commerce and payments.

Industry 75

Industry Retail Innovation Payments 75

Independent Banker

DECEMBER 13, 2015

Risk levels have a five-point range. The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Risk levels have a five-point range. The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience.

Tools 70

Tools Community Community Bank Security 70

Fintech Labs Insights

NOVEMBER 18, 2014

Name one thing done in a branch that can''t be done more efficiently and/or more effectively through digital means or an ATM (assuming that the customer believes they can get resolution equally from either method)? Consumers actually do gravitate towards one source if they believe it''s delivering value across disparate items.

Lending 30

Lending Mobile Online Digital Banking 30

Gonzobanker

DECEMBER 22, 2015

Idea Bank in Poland for its roaming fleet of ATM-equipped automobiles with an Uber-like app available for bank customers to order cash drop-offs. That, coupled with snail-slow merchant adoption and the explosive growth of card not present purchases, means it will be a while before we see material fraud benefits from EMV.

Community Bank 60

Community Bank Apple Community Technology 60

William Mills

MAY 9, 2018

The company enables clients to achieve best-in-class results driving quality and innovation in Payments, Processing Services, Risk & Compliance, Customer & Channel Management, and Insights & Optimization. I really like this kind of tech: why use a card with an ATM when you have your mobile banking app on your mobile phone?

Security 40

Security Samsung Strategy San Jose 40

Gonzobanker

DECEMBER 14, 2023

It will be part of the future of financial services – albeit ultimately delivered by what will become a consolidated group of specialists that have competence in operational risk management and regulatory compliance. The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors.

Fintech 195

Fintech Community Regional Technology 195