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This Week’s Reads: Mobile Biometrics, Online Fraud and Mobile Applications

Banking 2020

Articles via PYMNTS.com, Banking Exchange, Enterprise Innovation. Ho, Ho, Hoax: According to ACI Worldwide, consumers need to brace themselves for a higher level of fraud online and across all channels this holiday season. With more consumers using devices to shop, fraud attempt rates increased by 30% compared to 2014.

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Scorecard Reports

Javelin Strategy & Research

2022 Cyber-Trust in Banking Scorecard Javelin Report Date: September 27, 2022 Authors: Suzanne Sando , Alexander Franks Research Topic(s): Cybersecurity , Fraud & Security For consumers to trust their financial institutions, their expectations need to be met and exceeded. Bank of America ranked as “Best in Class” over 20 top U.S.

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B2B FinTech On The Cusp Of Change

PYMNTS

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K. and U.S.

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Going Head First with Apple Pay: Q&A with AFCU

Banking 2020

To get a better sense of what adopting Apple Pay actually looks like, we chatted with Brice Mindrum, mobile services manager for America First Credit Union. We expect our members enrolled in Apple Pay will use it at every opportunity, and will view both America First and the merchants who support Apple Pay as innovative.

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Can Smartphones Solve ATM Skimming

Banking 2020

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. According to a recent article in ATMMarketplace.com, card skimming accounted for more than $2 billion in losses.

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