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CO-OP Boosts Fraud Security To Credit Unions

PYMNTS

CO-OP Financial Services said Tuesday (May 9) that it is releasing fraud-fighting tools for its client credit unions, a move that would beef up the role of artificial intelligence in helping those financial institutions become more secure. COOPER is not the only recent financial services enhancement introduced by CO-OP.

Fraud 100
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The biggest fraud threat of the year? There’s an app for that

ATM Marketplace

But does this new trend create a greater risk of fraud? Jeff Sakasegawa, trust and safety architect at Sift, shares his thoughts and insight on how a smooth user experience could raise the potential for fraud. Buy online and pickup in store has changed the way consumers shop due to the coronavirus.

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Can Smartphones Solve ATM Skimming

Banking 2020

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.

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Mastercard Partners With Four Retailers For Pay By Bank App

PYMNTS

Pay by Bank app offers a best-in-class digital payment solution that optimizes user experience while making transactions more secure and reducing fraud,” said Suren Nawalkar, senior vice president of consumer applications at Mastercard. Pay by Bank app (PbBa) — created by Vocalink, a Mastercard company — leverages the U.K.’s

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Chime Spending Account Review: Low-Fee Checking Alternative

MyBankTracker

This Chime Spending Account review offers a closer look at the features, fees, and overall user experience you can expect when you move your money here. Free ATM withdrawals at over 38,000 fee-free ATMs. One cool feature included with Chime Spending Accounts helps with fraud prevention. ATM Access.

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Citibank Debit Cards Now Offer Quick Lock

PYMNTS

Credit card members have completed more than 1.6 million locks and unlocks since last year.

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The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

The potential cost of a poor user experience for mobile banking is high. Of those that abandoned at least one mobile activity, 31% shared their negative experience with a friend or family member, opened an account at another financial institution, filed a complaint, or discontinued their relationship. And when it isn’t?