PYMNTS

FEBRUARY 27, 2018

That certainly presents problems for spend management, according to research from the Global Business Travel Association (GBTA) Foundation, which found last year that non-corporate payment methods like cash and personal cards are limiting businesses’ access to transparency travel spend. B2B Payments a Major Pain Point.

Fraud 104

Fraud Marketing Payments Analysis 104

PYMNTS

DECEMBER 28, 2016

New research from Security Research Labs (SR Labs) has revealed fundamental security and authentication weaknesses across major flight booking systems, leaving them vulnerable to hacking. Instead, the booking code (aka PNR locator, a six-digit alphanumeric string such as 8EI29V) is used to access and change travelers’ information.”.

System 101

System Security Data Industry 101

PYMNTS

MARCH 4, 2020

The biggest news from the commercial card world this week came from American Express, which is facing allegations that it mistreated small business customers to hike card approval numbers. According to Bloomberg reports this week, American Express is the largest commercial card issuer on the planet, with a market value of $92 billion.

Cards 141

Cards Google Management Fintech 141

PYMNTS

FEBRUARY 14, 2019

14) that they have inked a partnership aiming to bring virtual card payment technology to airlines. The service is powered by Conferma Pay and is integrated directly at the point of sale into all major global distribution systems, including more than 100 booking tools and 500 travel management companies. ”

Cards 122

Cards Payments Security Fraud 122

PYMNTS

JULY 10, 2019

Digital platforms facilitate everything from online shopping to ridesharing to booking a hotel. These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. Only chargebacks are factored in by more (87.2

Fraud 140

Fraud Strategy Study Comparison 140

PYMNTS

DECEMBER 10, 2020

Amadeus is teaming with Conferma Pay and Booking.com on a new streamlined travel booking and payment process, according to a press release. The establishments are able to invoice directly through the traveler's company or travel agency by use of virtual cards.

Payments 174

Payments Cards Fraud Security 174

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. In other Barclays news , the bank recently divested its portfolio of physical prepaid cards in the U.K., He left in 2011.

Fraud 108

Fraud Cards Capital Groups 108

PYMNTS

JUNE 30, 2020

Virtual cards, the release notes, are a way of getting around financial complications resulting from the loss of insurance coverage while the risk is high and business is bad. Virtual cards help sidestep the problem of navigating a mire of bank guarantees an online travel agency might have to do.

Payments 198

Payments Fraud Cards Data 198

PYMNTS

OCTOBER 14, 2019

However, beyond being an irritant, he noted, one-off friendly frauds like these aren’t a major risk to a firm’s bottom line. Unfortunately, there is a far more malignant form of offer fraud out there that does pose a much bigger risk. The Dark Side Of Offer Fraud . Beating Back Opportunistic Offer Fraud .

Fraud 155

Fraud Mobile Examples System 155

PYMNTS

AUGUST 30, 2018

Commercial card adoption can face an array of barriers, and one of the largest is a lack of supplier acceptance due to interchange fee costs. In fact, virtual cards’ adoption in business travel has steadily climbed, thanks to the payment technology’s security and travel managers’ ability to set controls on employee spend.

Cards 100

Cards Management Fraud Tools 100

PYMNTS

DECEMBER 19, 2019

Brick-and-mortar agencies became almost completely forgotten as vacationers took to the web to book travel arrangements. The increasingly digital nature of travel planning also opened new vulnerabilities to digital fraud. AI is key to protect bookings . This struggle is all too familiar for OTAs like Priceline.

Fraud 143

Fraud Cards System Online 143

PYMNTS

JANUARY 10, 2018

Oversight Systems has updated its Insights On Demand software-as-a-service (SaaS) solutions to provide managers with quicker ways to identify expense report fraud. 9), the company said the upgrades will provide one-click visibility into employees who are repeat offenders of booking non-compliant travel and making non-compliant purchases.

Fraud 100

Fraud Tools Policies Risk Management 100

PYMNTS

JANUARY 8, 2020

In a new PYMNTS interview, Karen Webster talked with Yinglian Xie, CEO and co-founder of DataVisor , about some of the new trends in fraud, and why the travel industry is a big target for increasingly sophisticated criminals. Fraud Types. But it’s not just so-called cash-out attacks that present threats. . Broader Costs.

Fraud 136

Fraud Online Trends Industry 136

PYMNTS

NOVEMBER 29, 2016

Corporate travel solutions firm Sabre and virtual card company Conferma are teaming up to streamline corporate use of virtual cards. 28) said Sabre has integrated Conferma’s system to allow Sabre’s corporate clients to automate purchases of air travel via virtual card. Reports Monday (Nov.

Cards 100

Cards Fraud Tools Payments 100

FICO

MARCH 30, 2023

And I don’t have to worry about back problems from sitting on a small phone book! I will sheepishly admit that since post-COVID travel has picked up again, I’ve found myself traveling with physical card or two crammed into my minimalistic ID-holder, just for rare cases where digital won’t work. But I still consider it “wallet-less”!

Fraud 52

Fraud ATM South Carolina Management 52

FICO

DECEMBER 13, 2022

Biometric Security Crucial for Fraud Protection and CX. Because customers value ease of use and good fraud protection most, FIs must balance scam protection with making things easy for good customers – but not TOO easy. How FICO Can Help You Fight Application Fraud. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford.

Fraud 52

Fraud Security Survey Customer Experience 52

PYMNTS

JANUARY 9, 2020

When Sabre and Visa announced a new partnership in April to pair Visa virtual commercial cards with the Sabre Virtual Payments gateway , the goals were fairly big: create a virtual B2B travel payments solution that was faster, more secure and more transparent for buyers and suppliers. Securely Streamlining Payments .

Cards 143

Cards Payments Security Data 143

FICO

MAY 17, 2019

In the past 6-12 months, synthetic identity fraud has skyrocketed and has been one of the hottest topics in the financial crimes domain. Many of us remember 2013 when the FBI announced that they had dismantled a major criminal ring committing credit card fraud.

Fraud 75

Fraud US Cards Training 75

PYMNTS

MAY 8, 2020

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. The restaurant and grocery sectors have also been transformed. Gearing Up For Fraudsters. That’s no longer the case.

Cards 260

Cards Fraud Online Operations 260

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures.

Capital 175

Capital Security cryptocurrency Fraud 175

PYMNTS

MARCH 6, 2018

Commercial cards make up just a fraction of the supplier payments space, but the rise in virtual card technology – and the efficiency and security that come along with it – could help card issuers grab a larger slice of the B2B payments market. Virtual cards are the true proxy for payment,” he said.

Cards 116

Cards Payments Fraud Resources 116

PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Throughout 2016, financial institutions continued to roll out new EMV-enabled cards to their consumers. Worst of Times.

Cards 116

Cards Payments eBook Fraud 116

FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. And what does that mean for the future of your fraud management solutions? FICO Admin.

Fraud 52

Fraud Survey Customer Experience Data 52

PYMNTS

DECEMBER 8, 2017

Talk is growing of the potential for virtual card technology to address several key points of friction in business payments, especially in corporate travel. But as the virtual card hype builds, some shortcomings have surfaced too. Overall, virtual cards — indeed, commercial cards as a whole — still face adoption barriers.

Cards 108

Cards Payments Management Security 108

PYMNTS

JANUARY 31, 2020

Travel industry services are catering to the thousands of millennial and Gen Z travelers who are booking big trips by augmenting their platforms with online and mobile support. Travel platforms are enabling more online bookings than ever, and 83 percent of U.S. Merchants Need To Rethink Booking.

Industry 168

Industry New York City Online Security 168

TheGuardian

MAY 10, 2020

Lloyd’s Bank had to cancel my original payment card because of fraud In February I booked Airbnb accommodation in Australia as part of a trip to see our grandchildren in April. But on the same day as I made the £2,138 reservation, someone managed to hack my credit card, and used it to make a fraudulent transaction.

Cards 52

Cards Fraud Management Payments 52

PYMNTS

APRIL 12, 2016

Making sure the books add up properly is key to keeping their legal nonprofit status, and that means cash management is paramount. Nonprofits are well-positioned to benefit from virtual credit cards,” the report concluded. According to Vendor Centric, there are four key benefits for nonprofits when it comes to the v-card.

Cards 100

Cards Tools Fraud Payments 100

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

Cards 131

Cards Technology social media Meeting 131

FICO

JULY 13, 2020

But for criminals, working individually or in fraud rings, these vehicles (or any vehicle, for that matter), present an attractive opportunity: finance the vehicle, sell it illicitly, and pocket the cash. An estimated 10% to 15% of auto finance companies’ bad debt book actually classifiable as first-party fraud.

Fraud 52

Fraud Analysis United States Risk Management 52

FICO

MARCH 30, 2021

While the phrase has become a bit hackneyed (I did grit my teeth a bit while I wrote that first sentence), this past year the pandemic truly impacted not just major parts of our personal lives, but how we handle our fight against fraud and financial crime. . FICO Solutions. FICO solutions tackle all these pain points and more.

Fraud 52

Fraud Data Resources Study 52

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

PYMNTS

MARCH 7, 2019

Barclays has divested its portfolio of physical prepaid cards in the U.K., PFS took on the corporate and payroll prepaid card assets from Barclays and integrated the portfolio into its own platform earlier this year, the company noted. will be shifted to the PFS platform. will be shifted to the PFS platform.

Cards 170

Cards Apple Fraud Tools 170

MyBankTracker

JUNE 27, 2020

Not all airline miles and credit card points are the same. With airline miles, you will use them to book flights according to the airline’s award chart. Still other types of credit card points are best used to transfer to airline and hotel partners. Many transferable credit card points can also be used in other ways.

Cards 52

Cards Capital Examples New York 52

PYMNTS

OCTOBER 7, 2019

Commercial Cards’ Role in Data Integration. While data integration and APIs support seamless functionality and sophisticated analytics of expense and spend management, there’s another impact that an API-first approach can have on how corporates embrace commercial card products. Mixing Data With Human Behavior.

Cards 129

Cards Analytics Management Data 129

Tomorrow's Transactions

OCTOBER 5, 2016

But obstacles are present even when making smaller purchases such as groceries (where cash-only lines are the longest) or when paying for parking – impossible without a card. Is card fraud really a barrier to cashlessness? For example, paying rent or a telephone bill in cash only sparks scolding looks. But I digress.

Fraud 54

Fraud Cards America US 54

PYMNTS

MARCH 5, 2019

Perrin-Largilliere pointed to her own firm’s Book with Confidence guarantee, wherein HomeAway offers comprehensive payment protection tied to the transaction. She stated, too, that a fraud detection team is tasked with watching for and preventing account takeovers. A “Test and Learn” Approach.

Regional 148

Regional Mobile Security Fraud 148

FICO

AUGUST 16, 2019

First-party fraud refers to an applicant or customer’s intention to commit fraud, whether through use of a true, manipulated or synthetic identity. It’s difficult to define the problem and many banking professionals debate the merits of who “owns” the first-party fraud problem — the credit risk group or the fraud group.

Fraud 40

Fraud Analytics Groups Management 40