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. Existential Points Of Pivot. The restaurant and grocery sectors have also been transformed. Gearing Up For Fraudsters.

Cards 260

Cards Fraud Online Operations 260

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

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

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

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. That things came to a boil in 2020 is a matter for the financial history books at this point. Fishing For BaaS. Now, the trick is to make smart choices with urgency because cybercrooks never sleep.

System 165

System Management Tools Cards 165

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

Fraud 148

Fraud Missouri California Report 148

PYMNTS

AUGUST 28, 2020

And cutting loose operations. What will be left of Wirecard Card Solutions? The company said this week that it would sell its United Kingdom operations to Railbank. The sale includes the operations that underpin the running of 50 card programs across the globe. And cost cuts. What will be left of Wirecard?

Operations 193

Operations Mobile Course Cards 193

PYMNTS

JULY 3, 2017

The End of Excessive Card Surcharges. A new law is going into effect that will prohibit agents from charging customers fees for using their credit or debit card. But that’s not such good news for the agents, and some may opt to introduce booking fees or other incentives to discourage customers from using cards.

Online 112

Online Payments Fraud Cards 112

PYMNTS

JANUARY 22, 2019

We all remember cramming — all that coffee and/or soda, all those books, notes and ink stains. Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Fraud Prevention Optimism. Heck, yeah!”. Investment Risk.

How To 144

How To Fraud Online Mobile 144

FICO

SEPTEMBER 18, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity-based application fraud. Will they be profitable?

Fraud 51

Fraud How To Policies Strategy 51

PYMNTS

APRIL 9, 2020

Beyond those immediate operating concerns, looking toward what merchants might need in the midterm to make it through the pandemic (and after it) can be fruitful across the ecosystem, particularly within the services space. Ovick noted there have been indications that bookings for summer 2021 are starting to gain traction.).

Data 160

Data Software Fraud Retail 160

PYMNTS

APRIL 6, 2017

Analysts pointed to a lack of consistency in their payment practices: Sixty-three percent of executives surveyed said their standard payment operations aren’t able to handle payments to international suppliers, forcing businesses to deploy some special type of process and create multiple banking relationships to get the job done.

Payments 114

Payments Fraud Cards Industry 114

PYMNTS

SEPTEMBER 17, 2018

Online travel booking platforms, which promise to provide travelers with a simpler way to book and pay for reservations, aren’t immune to these pain points. It currently does business via a total of 50 websites and platforms around the world, operating in 23 languages and offering rentals in 190 countries.

Data 122

Data Analytics Security Payments 122

PYMNTS

JANUARY 22, 2019

We all remember cramming — all that coffee and/or soda, all those books, notes and ink stains. Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Fraud Prevention Optimism. Heck, yeah!”. Investment Risk.

How To 108

How To Fraud Mobile Online 108

FICO

SEPTEMBER 20, 2018

It’s a harsh truth that while data and technology in the fraud business abound, true domain expertise is a scarce resource. Meet Andy Procter , one of FICO’s fraud specialists. Today we are excited to pick Andy’s brain on the hot topic of how to fight identity fraud, specifically for application fraud.

Fraud 45

Fraud How To Policies Strategy 45

PYMNTS

FEBRUARY 4, 2020

This has a two-pronged effect of making the site more visible and accessible, while reducing vetting and onboarding hassles and, along with them, fraud. “I Along with Gen Z-centric innovations in platforms and exchanges come the usual problems of friction and fraud. Email is the most common means (71.5

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Supply Of Data.

Payments 195

Payments Data Fraud social media 195

PYMNTS

AUGUST 1, 2019

Stitch Fix Kids , for example, sends out a selection of kids’ clothing each month, while GiftLit focuses on curated children’s books. Such boxes represent a small segment of the broader subscription market, but they face the same challenges, including fraud attempts like card-and-wallet tests and account takeovers (ATOs).

Security 108

Security Cards Fraud Survey 108

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

Retail 100

Retail Cards Data Atlanta 100

PYMNTS

MARCH 25, 2019

In the conversation I had with Amazon Pay and Worldpay executives about the partnership, both said simplifying merchant onboarding and working through things like chargebacks, fraud, disputes and refunds – all of the complexities that only make payments look easy to the end user – was their first and highest priority. Guess what?

Payments 198

Payments Innovation Branding Operations 198

PYMNTS

OCTOBER 6, 2020

Money laundering is a never-ending threat to payments providers of all types, but especially to those that operate online. Know thine enemy” is the first rule of any fraud or money laundering prevention system, with payments providers of all types requiring an intimate knowledge of the threat they face if they have any hope of countering it.

Analytics 163

Analytics Data Analysis Payments 163

PYMNTS

SEPTEMBER 11, 2018

Those words, of course, describe the decades-old standard practice of having merchant processors hold funds in reserve or hold back a small percentage of each sale to reduce the risk of chargebacks and fraud. Ready said to think of Funds Now as another way that PayPal is using fraud-fighting tools to deliver a great customer experience.

Fraud 113

Fraud Capital Payments Tools 113

PYMNTS

SEPTEMBER 19, 2019

It is only affecting the Malaysian and Thailand operations.”. Information Commissioner’s Office (ICO) had fined British Airways more than £183m for a data breach involving the theft of over a half a million users’ data, including card information, login info, names, addresses and booking information per a report in July.

Data 123

Data Report Security Regulation 123

PYMNTS

JULY 24, 2017

Muted corporate spend tempered American Express’ performance in its commercial card segment, and regulatory uncertainty is on the radar for Fifth Third Bancorp. So how did the credit card giant do in the commercial card area? Costco card products, bought by Citi last year.

Cards 115

Cards Fraud Marketing Data 115

PYMNTS

JUNE 28, 2019

Car IQ’s technology aims to automate and accelerate fleet payments for scenarios like vehicle maintenance and other services, without the need for human intervention or credit cards — a tool that the company said will combat fraud. million in funding for its technology, reports said this week.

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

DECEMBER 24, 2019

26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”. The company has an option to transfer money to the bank without a debit card for the same fee. Now, more U.S. 6: During Commutes.

Cards 160

Cards Payments Study Examples 160

PYMNTS

MARCH 13, 2017

The Securities and Exchange Commission announced Friday (March 11) that it has lodged charges against two ex-executives at a credit card processing company for masterminding a scheme to steal millions of dollars through fake expense reimbursements, invoices that were inflated and other improper accounting tactics. Quon, John S.

New York 101

New York California Regional Cards 101

PYMNTS

NOVEMBER 29, 2017

It’s because this type of fraud literally started with laundromats. Regular folks (the ones who didn’t have housekeepers for that sort of thing) were enamored with the coin-operated machines that, for the first time, saved them the trouble of doing the wash themselves. Ever wonder why it’s called “laundering money?”

Chicago 117

Chicago Fraud Operations Marketing 117

Independent Banker

JULY 29, 2016

ICBA Services Network oversees five ICBA subsidiaries operated by community bankers for community banks. Each subsidiary delivers best-in-class programs, support and pricing for member community banks seeking operational efficiency and return on their membership investment. CPI Card Group — instant-issue and plastic card manufacturing.

Community Bank 70

Community Bank Community Compliance Lending 70

PYMNTS

JUNE 1, 2017

It is, of course, obvious that the internet has changed how the world gets its information and conducts its commerce, but the specters of fraud and data breaches are keeping the latter from reaching its true potential online. dollar payments via mobile phone versus, say, a cash card from Walmart or some of the other retailers.” .

Payments 110

Payments System Software Mobile 110

PYMNTS

JANUARY 6, 2020

ISOs sold terminals and card processing, mostly to brick-and-mortar merchants. Square was a newbie, largely written off as a wrought-with-fraud business model that would never survive and scale. Chip cards didn’t exist in the U.S. Paytm was a brand-new prepaid mobile card in India. Special Ops.

Innovation 176

Innovation Mobile Software San Francisco 176

PYMNTS

FEBRUARY 18, 2019

We had roughly 340 execs register to listen live to the two of us banter about the people, processes and tech necessary to do more than simply rebrand what’s typically described as the fraud and risk departments of digital platforms. Consumers today can use Alexa to order food, book an Uber and do their banking – and they do.

Cards 169

Cards Course Study New York 169

PYMNTS

JULY 18, 2018

The firm reported operating expenses rose 14 percent to $6.13 Apple is teaming up with Goldman Sachs to launch a new Apple-Pay-branded credit card by 2019, replacing Barclays , which has been Apple’s main partner on such initiatives. Goldman is also ramping up its fraud and cyber protection efforts by signing up with U.K.-based

Apple 100

Apple Conference Maine Lending 100

Gonzobanker

DECEMBER 14, 2023

Paul wrote the “ Online Banking for Dummies ” book in the late ’80s. In addition, it has has opened more than 400,000 debit cards and is opening as many as 75,000 per month, creating a whole other disruption risk we need to discuss. Paul Murphy, founder of Murphy & Co. He passed away in January 2023. But wait, there is more.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

OCTOBER 18, 2016

According to a report , which cited findings from the Payment Card Industry Security Standards Council (PCI), the eyeopening fines would be part of new European Union legislation that will set penalties for security breaches at 4 percent of global turnover to a maximum of £18 million. Cybersecurity breaches could result in U.K.

Security 100

Security Report Regulation Branding 100

PYMNTS

APRIL 3, 2018

Krebs on Security reported Monday night (April 2) that the fast-casual bakery/café chain had been leaking names, emails, addresses, birthdays and partial credit card numbers (the last four digits) from its website for at least eight months. The group said last week that it was planning to release more than 5 million stolen cards.

Branding 120

Branding Data Retail Security 120

PYMNTS

JANUARY 22, 2019

Those two regulations — already having an impact on the planning and operations of players in the payments, commerce and digital spaces — promise to significantly shape those worlds in the coming years, no doubt in ways that can barely be predicted now, as is the case with many laws and regulations. The market will target [3DS 2.0]

Payments 195

Payments Regulation Security Data 195