PYMNTS

FEBRUARY 27, 2018

The latest report from eNett International , “ It Pays To Know: Fraud In Travel Payments ,” warns that payments fraud is plaguing the global travel space, though, in this case, the issue is imbedded deep within the travel supply chain itself. B2B Payments a Major Pain Point.

Fraud 104

Fraud Marketing Payments Analysis 104

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

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

OCTOBER 30, 2020

Automated compliance systems can help FI staff ensure that their AML and KYC compliance is up to code, as these systems can perform thousands of security checks in the time it takes a human staffer to handle just a few.

Operations 228

Operations Payments Compliance System 228

PYMNTS

APRIL 25, 2019

Security and the Homesharing Platform. Trust is essential when it comes to online booking, and if homesharing platforms can’t engineer that trust among its users, they won’t be able to compete. The company also works with several security providers to ensure users’ payments remain safe. GDPR and the Future of Home Rentals.

Security 100

Security Data Regulation Mobile 100

PYMNTS

MAY 8, 2019

The Indianapolis-based firm, which works to accelerate B2B payments to truck operators, apparently has removed its CEO and COO — the result of a financial accounting scandal at another trucking firm where FreightRover executives had worked. Fraud Allegations. Leadership Changes. Here is what happened, at least according to the U.S.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

JUNE 30, 2020

Travel tech companies TravelgateX and PayParc have made a deal to create a B2B digital wallet, operating via API integration and available for any buyer or seller using TravelgateX, a press release says. However, problems like high costs, fraud risk and manual work taking time away from other tasks still exist.

Payments 198

Payments Fraud Cards Data 198

PYMNTS

JULY 31, 2020

which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal reported on Friday (July 31). The company has since been delisted, and Luckin has fired its chief executive officer and chief operating officer. Regulators in China are preparing to move against once-hot Luckin Coffee Inc.

Regulation 151

Regulation Fraud Report Security 151

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

SEPTEMBER 6, 2019

The sharing economy is a two-way street that operates on trust between suppliers and customers, and that trust is even more important for high-value exchanges like home shares. Enabling seamless booking and payments experiences, while also keeping transactions and user data secure, isn’t solely about consumer trust.

Security 125

Security Data Online Regulation 125

PYMNTS

JULY 30, 2020

Marsalek was in charge of running operations for the FinTech company, which was once a darling of the tech scene but has now been disgraced by an international money-laundering scandal unfolding since last month. One executive, not named in news reports, has confessed to crimes related to fraud, according to PYMNTS.

Fraud 176

Fraud Report Fintech Company 176

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

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

PYMNTS

NOVEMBER 17, 2020

Airbnb filed its S-1 with the Securities and Exchange Commission (SEC), which gives a peek into the financials of the company, of course, but also the rental platform’s view of its own competitive landscape. billion year over year, while operating losses grew from $173 million to $489 million over the same period.

Course 172

Course America Survey Marketing 172

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!”.

How To 144

How To Fraud Online Mobile 144

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

JULY 29, 2019

These FIs are increasingly relying on AI and automation not only to secure platforms and streamline their back-office operations, but also to improve their customer-facing services. The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services.

Digital Banking 181

Digital Banking Fraud ATM Mobile 181

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

JUNE 13, 2017

Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. According to a report , Emirates Islamic plans to issue new check books, dubbed Cheque Chain, that include a unique QR code on each page as well as a string of 20 characters that are random.

blockchain 124

blockchain Fraud Security Report 124

PYMNTS

FEBRUARY 28, 2019

They must also excel at securely handling payments and personal data, while recommending services at the right moment to enhance transactions along the way. Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows.

Payments 183

Payments User Experience Training Case Study 183

Abrigo

JUNE 23, 2020

As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success.

Software 195

Software Community Fraud Resources 195

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!”.

How To 108

How To Fraud Mobile Online 108

PYMNTS

JANUARY 30, 2020

Uber may be facing significant operational changes in California, however, due to a new law that reclassifies many contractors as employees. But these offerings are often not enough to encourage customers away from booking aggregators, forcing these providers to lean on different tactics to get ahead. About the Playbook.

Miami 132

Miami social media Case Study Chicago 132

PYMNTS

OCTOBER 3, 2019

Even just five years ago, Prophix President and Chief Operating Officer Alok Ajmera said talk of using virtual assistants in the workplace seemed more like science fiction than a real possibility. Take the monthly book close, for example. in particular. This, of course, is the goal, however the reality can be less straightforward.

Tools 139

Tools Data Security Fraud 139

PYMNTS

NOVEMBER 23, 2020

“While technological advancements have revolutionized many aspects of operations, payroll and expense management are not [among] them. Banking as a service makes it far easier for [entities] from startups to multinational corporations to access and create simple, fast, secure and transparent full-fledged financial products,” Athavale said.

System 165

System Management Tools Cards 165

PYMNTS

AUGUST 10, 2020

Investigators examining alleged wrongdoing at once high-flying UAE healthcare provider NMC Health are exploring whether the company falsified drug orders to inflate the books of a related company through which NMC raised debt, the Financial Times reported on Monday (Aug. According to Reuters , NMC operates more than 200 facilities in the UAE.

Fraud 143

Fraud Report Company System 143

PYMNTS

NOVEMBER 9, 2018

It was another busy week for B2B FinTech startups, with globally and vertically diverse companies securing new funding for their enterprise-targeting tools. The big news of the week comes from TripActions , a corporate travel solutions provider that secured unicorn status with its latest fundraise (the largest in this week’s breakdown).

Software 158

Software North Carolina Capital San Francisco 158

Independent Banker

FEBRUARY 28, 2022

To increase security, Avenu uses cloud-native architecture that integrates a ledger, customer identification, transactional fraud monitoring, BSA and AML monitoring, ACH account identification, report writing and an integrated complaint management system, Dick says. It already supports blockchain if required by a fintech.

Fintech 136

Fintech Marketing Community Bank Community 136

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

JULY 3, 2017

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. This was particularly true for lower-cost bookings, such as car rentals, short stays and flights. The Rise of CNP Fraud. Complex Cross-Border B2B Payments. Consumer Protection.

Online 112

Online Payments Fraud Cards 112

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

Cisco

JULY 12, 2022

Regulatory requirements are a key operational concern that we hear about from our financial customers. This leads to many generations of installed technology sets with diverse hardware and software systems, all that need to be tracked and managed, secured, and audited. Operations and Operational Processes.

Regulation 71

Regulation FDIC System Software 71

PYMNTS

JANUARY 22, 2019

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

Payments 195

Payments Regulation Security Data 195

PYMNTS

AUGUST 18, 2017

Managing any company’s books can be quite complicated. Further adding to that complexity is the fact that enterprises today operate on the global stage since eCommerce makes it easier than ever to sell across borders. Depending on the size of the organization, it can be daunting. and overseas.”.

Compliance 115

Compliance Management Taxes Maine 115

Insights on Business

MAY 3, 2019

In a number of areas, further education is necessary, additional trust and security is required, advances in payments technology are evolving, and real time payments are still needed. It enables clients to quickly add value, stability and compliance to their operations and deliver secure real-time payments while significantly reducing costs.

Payments 87

Payments Fraud Security Innovation 87

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 30, 2018

Though all claim to the best and hold the true secret to a life, there is only one book that has sold over 30 million copies on the topic : Dale Carnegie’s How to Make Friends and Influence People. . The overall goal, according to eBay, is to have it up and fully operational for all by the end of 2021. The scope of the fraud?

Apple 101

Apple Fraud social media Payments 101