PYMNTS

JULY 15, 2020

Another involves heightened fraud vectors swimming like sharks around digital-first first-timers. On the upside, however, is the return of restaurant dining, many cool new takes on it, and the ways that financial institutions (FIs) and FinTechs are partnering to make dining yummy and secure. Defending Trust.

Fraud 150

Fraud Mobile Customer Experience Online 150

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

NOVEMBER 19, 2019

The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence (AI) and machine learning to fight back. In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation.

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Fraud Digital Banking Innovation Data 109

FICO

MARCH 11, 2021

Delivering leading AI-driven fraud prevention to a new business model. Conductor, the leading payments and banking-as-a-service platform in Latin America, has increased fraud detection by 25 percent and reduced overall payments fraud by 18 percent. You can read more about this story in the full media release.

Fraud 52

Fraud Analysis Cards Payments 52

The Financial Brand

APRIL 22, 2021

Virtual debit cards can slash online fraud while an interchange loophole boosts bank and credit union income. The post Fintech Sees a Goldmine of Non-Interest Income in Virtual Cards appeared first on The Financial Brand.

Cards 36

Cards Fintech Fraud Branding 36

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52

Fraud Technology social media Innovation 52

PYMNTS

FEBRUARY 18, 2020

This opens the door to new avenues of attack by those who wish to steal data, hijack accounts and make off with ill-gotten gains, as Eric Kraus, vice president of risk, fraud and compliance at FIS , told PYMNTS in a recent interview. Traditional FIs, he said, have been wary of disintermediation by FinTechs. Fraud’s Shifting Landscape.

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Fraud Data Mobile Cards 166

PYMNTS

JUNE 8, 2020

Indian FinTech Infibeam Avenues , which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. Cardpay , based in Bengaluru, India, offers a spending management platform to corporations under the brand name “Grit.”

Payments 150

Payments Lending Cards blockchain 150

Insights on Business

NOVEMBER 22, 2017

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

Fraud 125

Fraud Payments Innovation Industry 125

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

PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. This includes exploring emerging anti-fraud solutions and the challenges arising in this space as fraud grows more complex. One recent breach at U.S.

Data 181

Data Fraud Tools Technology 181

Insights on Business

NOVEMBER 1, 2018

Enterprise Fraud Management is being reinvented. Here are some key questions that should be asked of Enterprise Fraud Management vendors: Question #1: How versatile is your data model? Most fraud detection solutions only ingest out-of-the-box transactional data and basic customer and account information.

Fraud 107

Fraud Management Software Data 107

PYMNTS

SEPTEMBER 22, 2020

Plus, Onyx CenterSource has launched a virtual card designed for hospitality and travel clients. The announcement came after Paya’s decision to go public via a merger with special-purpose acquisition company (SPAC) FinTech Acquisition Corp. The combined firm will remain the Paya brand have a NASDAQ listing under “PAYA.”.

Groups 156

Groups Payments Texas Community 156

PYMNTS

JULY 27, 2020

Helping brands launch their DTC and subscription businesses with the flexibility to sell how their customers want to buy – and fast – is the future of digital commerce.”. Startup brands are taking advantage, and established players are catching up. Payments Drive Digital Experiences for Brands (and Consumers). is investing.

Apple 206

Apple Branding Innovation Retail 206

PYMNTS

JANUARY 23, 2019

Swift Prepaid is also supporting Bitty’s ability to provide immediate access to cash advances that are uploaded to business debit cards. Their collaboration links Bitty to Visa Direct functionality, allowing it to brand virtual and physical prepaid and debit cards linked to a business account.

Samsung 162

Samsung New York Branding Apple 162

Gonzobanker

JUNE 7, 2023

Bonus complication: Any brand would struggle to win over the trust of an audience that may have used the same account for decades. As the researchers at the Financial Health Network in a 2020 report put it: “As our aging population grows and financial challenges continually evolve, so too will the need for inclusive fintech solutions.

Los Angeles 118

Los Angeles Fintech Digital Banking Tools 118

Fintech Labs Insights

FEBRUARY 26, 2024

That’s why we created this list as a reference to the real-world implementation of artificial intelligence in various financial services offerings, from banking, to investing, to credit cards, insurance, small business management, retirement planning and more. Online Digital Banks for Small Business (SMB) Feb 2024

Fintech 15

Fintech Fraud Cards Branding 15

PYMNTS

OCTOBER 6, 2020

DBS Group and Standard Chartered are launching a digital trade finance registry along with 12 other Singapore banks, Reuters reports, with the idea being to help reduce the risk of fraud. Digitization is essential to helping to expand the parameters of availability for global traders, though FinTechs haven't been able to fully capitalize.

social media 160

social media Groups Fraud Operations 160

PYMNTS

OCTOBER 18, 2020

Plaid's software includes helping popular apps like Venmo , Coinbase , Square and Stripe access bank and credit card info, and the company says they “have been working with TD for quite some time, and are disappointed that they resorted to litigation and false allegations.”. Plaid, the allegations went, had worked to monetize the data.

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New Jersey California Software Branding 312

PYMNTS

APRIL 30, 2018

LendingClub makes unsecured personal loans to consumers, mostly to consolidate and pay off credit card debt and more recently to refinance auto loans. They’re prepaid accounts that run on network-branded rails that come with a network-branded plastic card that its customers can use just like they would a debit card to make purchases.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Gonzobanker

JUNE 16, 2022

According to Jim Marous, CEO of The Digital Banking Report : “Consumers expect financial institutions to understand their needs and deliver personalized solutions similar to what they receive from fintech and Big Tech firms. A new crop of fintech startups—often called challenger banks—is addressing this personalization gap. solutions).

Fintech 146

Fintech Apple Cards Data 146

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Fighting Fraud Visibly and Invisibly. So, how can consumers be persuaded to take a chance on these new companies?

Security 113

Security Fraud Mobile Cards 113

PYMNTS

OCTOBER 18, 2019

Mastercard is collaborating with four eCommerce retailers — WHSmith.co.uk, Funky Pigeon, Cult Pens and The Card Gallery — to offer the Pay by Bank app to online shoppers, Mastercard announced in a press release on Friday (Oct. Pay by Bank app (PbBa) — created by Vocalink, a Mastercard company — leverages the U.K.’s

Retail 116

Retail User Experience ATM Security 116

PYMNTS

JANUARY 20, 2020

It has motivated a different approach for fighting fraud in the 2020s and beyond. In many ways, the rise of data breaches really forces the adoption of smarter and more dynamic security products to truly protect data and manage fraud,” he noted. Protecting the commerce ecosystem from fraud and risk is both a short- and long-term game.

Security 168

Security Fraud Risk Management Payments 168

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. That’s enough to send normal people into the fetal position.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JUNE 13, 2019

In an interview with PYMNTS, Kevin Phalen, head of Global Business Solutions at Visa, told Karen Webster that Visa B2B Connect acts as a brand new, end-to-end global payments network, built on using elements of distributed ledger technology (DLT) and the open source Hyperledger Fabric framework hosted by The Linux Foundation.

Charlotte 189

Charlotte Payments Taxes Compliance 189

PYMNTS

JULY 23, 2019

Total cards were up 3 percent to 3.3 billion, credit cards gained 3 percent 1.1 billion, debit cards were up 4 percent. He noted, too, that the company has been sharpening its focus on accelerating efforts and partnerships in the FinTech space in recent quarters. Credit grew 7 percent year over year to $1.2

United States 185

United States Cards Conference Payments 185

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It’s still going under the stewardship of fintech famous Jim Marous, who modernized the name to Digital Banking Report (and recently opened the archives for free access).

Innovation 15

Innovation Fintech Online Mobile 15

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. So, there is a balance that needs to be struck.”.

Payments 172

Payments Fraud Security Technology 172

PYMNTS

NOVEMBER 1, 2019

The rollout of Uber Money brings a new portfolio of financial services to Uber drivers, with the inclusion of real-time earnings deposited after each ride into a fee-free, Uber-branded debit product with unlimited overdraft protection. Amazon is teaming with FinTech firm Paymentus to add the new feature.

Payments 100

Payments Apple Fintech Lending 100

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down.

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Fraud Las Vegas Company Video 78

PYMNTS

OCTOBER 3, 2019

Today in the payments news roundup, FinTech startup Brex is launching a business cash management account to take the place of traditional business bank accounts. Brex Co-Founder and Co-CEO Henrique Dubugras said in a press release , “Even before customers think about credit cards, they need a place to store their business capital.

Management 108

Management Fraud Payments Boston 108

PYMNTS

MAY 1, 2018

CMO Rob Israch said the multi-entity capability is what differentiates Tipalti, enabling customers to run their entire payables operations across borders and brands from a single touchpoint. Merchants need a system in place to identify whether fraud is friendly or criminal, because the solution for each will differ. DadeSystems.

Innovation 126

Innovation Fraud System Cards 126

South State Correspondent

FEBRUARY 14, 2022

Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.) Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data. Digital Assets In The Metaverse and Physical World For Brand Loyalty.

blockchain 195

blockchain cryptocurrency Data Payments 195

Accenture

NOVEMBER 20, 2017

Consider Accenture’s prediction that in the UK alone there will be between six billion and nine billion contactless card transactions in 2017. Enabled by new entrants like Stripe and Square, all it takes is connectivity, a portable card reader or a website to create the next-generation POS. The app quickly ramped up to $33.6

Trends 170

Trends Payments America Strategy 170

PYMNTS

SEPTEMBER 19, 2018

Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and keep up with larger financial institutions (FIs) and FinTech challengers. Both credit unions and banks recently gained access to a new set of tools designed to market access to multi-brand ATMs (MBAs). Around The Credit Union World.

ATM 108

ATM Report Kentucky Resources 108

FICO

DECEMBER 14, 2016

Despite consumer confusion and high levels of market fragmentation, the payments landscape is going to get a lot messier–– brand-specific payment apps seem to be the next big wave—before any kind of front runner(s) emerge. Like the plethora of payment options in the US, PSD2 will certainly test the agility of European banks’ fraud defenses.

Mobile 40

Mobile Fintech Payments Regulation 40