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. Given only passengers’ last names, their bookings codes can be found over the Internet with little effort,” said SR Labs’ Karsten Nohl.

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System Security Data Industry 101

PYMNTS

FEBRUARY 14, 2019

14) that they have inked a partnership aiming to bring virtual card payment technology to airlines. According to a press release , the joint solution will make airline payments more secure. Airlines will benefit from the fact that UATP virtual cards are typically less expensive to accept as payment.” ”

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Cards Payments Security Fraud 122

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.

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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.

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Payments Fraud Cards Data 198

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).

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Security Cards Fraud Survey 108

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 .

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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.

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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

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Fraud Strategy Study Comparison 140

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.

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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.

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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 .

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Cards Payments Security Data 143

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.

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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.

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Cards Fraud Tools Payments 100

PYMNTS

MARCH 5, 2019

The executive said that among the most important factors in both sides of the relationship – that is, travelers and home owners – are “trust, protection and reliability,” noting that “every traveler should trust that their payment is secure, and every homeowner should feel confident that they receive payments on time.”.

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Regional Mobile Security Fraud 148

PYMNTS

SEPTEMBER 15, 2020

Trust is essential for consumers booking a stay at an Airbnb or a Lyft to the airport. They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Around The Digital Identity Ecosystem.

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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.

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Cards Payments eBook Fraud 116

PYMNTS

JANUARY 14, 2021

The process digitizes virtual card delivery, eliminating the need for manual offline chargebacks or long payment instructions for hotels and travel management companies. Those who work in hotels won’t have to manually handle payments or enter card numbers into terminals.

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Data Payments Cards Security 130

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.

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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. FICO’s Take on Debit Security.

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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.

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Fraud Data Cyber Security Risk Management 70

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

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Fraud Missouri California Report 148

PYMNTS

JUNE 23, 2020

In today’s top news, former Wirecard CEO Markus Braun was arrested Monday night over the firm’s recent accounting fraud scandal, and Airbnb’s CEO is again mulling a potential initial public offering (IPO). Airbnb CEO Sees Potential For 2020 IPO Amid Bookings Rebound. Verizon Debuts Visa Credit Card With Rewards.

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Payments Survey Innovation Fraud 159

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.

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Fraud Data Resources Study 52

PYMNTS

DECEMBER 12, 2019

Fraud, Payment Regulations Are Affecting Seamless Payments. Outdoorsy users looking to rent their RVs list them on the online platform for local renters to book. Renters pay upon booking trips, and owners receive their payments once trips have begun. Payments Are Critical to Consumer Trust.

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Payments Fraud Regulation Innovation 137

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.

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Fraud Analysis United States Risk Management 52

PYMNTS

JULY 16, 2019

A security lapse at a hotel management startup has exposed hotel bookings and guests’ personal information. Aavgo , a hospitality tech company based in San Francisco, secured a server it had left online without a password after TechCrunch reached out to the firm. million bookings a year.

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Data San Francisco Texas Security 115

PYMNTS

DECEMBER 3, 2018

If the sure-thing principle can be believed, then last week’s Marriott breach of 500 million customer records won’t have much of an impact on the consumer’s decision to book a hotel room at a Marriott property for their next trip. Hackers got off with some 41 million customer accounts, including payment card details.

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Fraud Security Payments Cards 192

Tomorrow's Transactions

OCTOBER 5, 2016

The use of cash has fallen more than 50% in the last four years and is projected to continue to fall as consumers look for faster and secure means of paying options. 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.

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Fraud Cards America US 54

FICO

JANUARY 4, 2023

FICO global survey finds customers want better fraud protection and more security from their digital banking channels. FICO’s 2022 consumer banking fraud survey shows that customers are split in their thinking on when they sufficiently trust a digital channel to apply for a new account, loan, or credit card. .

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Fraud Survey Security Digital Banking 52

CFPB Monitor

MARCH 12, 2019

The FTC has issued its 2018 Consumer Sentinel Network Data Book. The report summarizes consumer complaints stored in the Consumer Sentinel Network, a secure online database. For 2018, imposter scams top the list of reported complaint categories, accounting for 18% of the almost 3 million consumer reports summarized in the Data Book.

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MyBankTracker

JUNE 4, 2020

Some credit cards tend to stand out from the crowd, either because of how they’re made or the benefits they offer. The Mastercard Gold Card is one of those cards. Made with 24 karat gold , this card offers an exceptional redemption rewards rate for airfare. This card has a $995 annual fee. redemption value.

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Cards Examples Meeting Maine 52

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.

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How To Fraud Online Mobile 144

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.

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PYMNTS

NOVEMBER 23, 2020

Most of those solutions still rely heavily on checks and business credit cards — which are resource-consuming processes with higher risk[s] of misuse, fraud and theft,” Gitesh Athavale , head of product (cards) at Nium, told PYMNTS. That things came to a boil in 2020 is a matter for the financial history books at this point.

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System Management Tools Cards 165

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. Building An Intuitive And Secure Experience. Fraud and compliance are challenges facing all eCommerce marketplaces,” he said.

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Data Analytics Security Payments 122

MyBankTracker

OCTOBER 20, 2020

Student credit cards can give you spending power and help you establish good credit. The Chase Freedom Student Credit Card is a cash back rewards card designed for new credit users. This card offers a flat 1% cash back rewards rate on all purchases. If you’re in college, this card can help you build credit.

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Cards Security Fraud Examples 52

PYMNTS

JANUARY 25, 2021

And from a safety angle, we’ve seen COVID-19 act as a catalyst for many merchants to start accepting card payments, and particularly to embrace contactless as a method of reducing the risk of passing infection between staff and customers. In the U.K.,

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