Gonzobanker

AUGUST 3, 2023

The time has come for some truth on the world of payment card flips. disrupted banks’ income on debit cards. had in 2011, they’re likely to see an 18% to 25% volume shift from signature to PIN card transactions by the end of 2025. And the threat of disruption on credit cards looms large. What interchange differential?

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PYMNTS

JULY 29, 2020

“Unfortunately, many of the same things that create tremendously valuable brand experiences are also tremendously valuable for fraudsters,” he said. For example, Stuppy said advanced loyalty programs that allow customers to convert loyalty points to gift cards or transfer them to family or friends “are dream setups for a fraudster.”.

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Fraud Branding Customer Experience Security 216

PYMNTS

OCTOBER 22, 2020

That] keeps them from getting in trouble with the card brands, and obviously avoids the significant costs that come along with fighting, investigating and resolving chargebacks. When the card networks first started mandating EMV, McCutcheon said, there was heavy resistance. They’re in a better position to mitigate the fraud.

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Fraud Online Security Cards 221

The Financial Brand

FEBRUARY 2, 2024

Banks Must Navigate the Surge of Credit Card Fraud appeared first on The Financial Brand. Banks need to equip themselves against the remarkable increase in fraud incidents over the past few years. Banks Must Navigate the Surge of Credit Card Fraud appeared first on The Financial Brand.

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PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

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Fraud Payments Cards Strategy 182

PYMNTS

JULY 3, 2020

Financial institutions can keep customers safe by accurately determining when attempted transactions are legitimate versus when they are being made by fraudsters who have stolen customers’ cards or taken over accounts. You’re really wanting to start with almost a brand new transaction history.” .

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PYMNTS

OCTOBER 17, 2018

A new report from the Federal Trade Commission (FTC) says that fraudsters are increasingly requesting to be paid with gift cards, with some even asking for certain brands such as Google Play and iTunes gift cards. Google Play cards were not reported in significant numbers until this year.

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PYMNTS

OCTOBER 1, 2020

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. In June, Visa signed an acquisition agreement with Verifi.

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PYMNTS

NOVEMBER 23, 2020

And even before then, as evidenced by an earlier conversation between Karen Webster and Drew Edwards , CEO of Ingo Money , mobile deposit fraud was increasingly becoming a favorite vector for criminals. Back then, Edwards noted that mobile check fraud was escalating so much that some banks were shutting off the feature entirely.

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Fraud Mobile Technology Course 252

PYMNTS

FEBRUARY 19, 2020

In they went, stealing details of 30 million cards before the malware was discovered in December of 2019. card number. What’s clear is that fraud decisioning solutions have never been more necessary, as cybercrime enters a new phase of sophistication, diabolical creativity and global scale. Sealing It.

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PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. Early Warning Value. Enough of the basics. But that goes only so far.

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PYMNTS

NOVEMBER 25, 2018

Venmo , the digital money transfer service owned by PayPal , suffered payments fraud earlier in 2018 that played a role in the company posting losses that were higher than forecasted for the first quarter of this year. While that helps reduce fraud, the WSJ noted that real users were also impacted when their transactions were declined.

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PYMNTS

FEBRUARY 15, 2017

Signifyd Vice President of Partnerships Skye Spear predicted that within three years merchants won’t be on the hook for credit card fraud online thanks to companies like Signifyd that use real-time machine learning to prevent fraudulent transactions from going through. Signifyd charges about 1 percent of the order for its protection.

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Fraud Online Cards Retail 101

PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Each sector and country encounters different fraud types that providers must be ready to detect and thwart.

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Fraud Analysis Regional Examples 130

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? As the site noted, no card issuer would send an email with such prompts. The phishing campaign targets consumers and also commercial users.

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Fraud Payments Security System 180

Payments Source

MAY 11, 2017

shift to EMV technology has dramatically reduced levels of counterfeit card fraud, but merchants and the card networks are divided on whether it caused the expected shift of fraud to digital channels.

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Fraud Cards Branding Technology 73

PYMNTS

OCTOBER 21, 2020

Spend controls were the focus of innovation in the commercial card space this week thanks to feature and program launches. This week’s commercial card innovation tracker includes a rollout of the next generation of authorization controls from Comdata Inc., Coupa Connects With American Express For B2B Virtual Card Payments.

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Cards Innovation Management Fraud 130

PYMNTS

MAY 20, 2020

False positives are the bane of fraud fighters everywhere, as they penalize legitimate customers due to the behavior of bad actors illicitly armed with credentials, card numbers and accounts. Sixty-two percent of QSR customers are concerned about fraud when interacting with QSR apps, according to a recent study.

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Fraud Mobile System Data 130

PYMNTS

NOVEMBER 5, 2019

Fraud is their profession. Friendly fraud, on the other hand, is a much more amorphous and heterogenous area than its criminal counterpart, Kount CEO Brad Wiskirchen told Karen Webster in a recent conversation, one that makes it much harder for merchants to spot, let alone fight. These types of fraud aren’t rare one-offs.

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Fraud Tools Analytics Cards 133

PYMNTS

JULY 1, 2019

In payments fraud, it pays — literally — to change up the game a bit. The report shows the use of malicious emails, rather than attachments, is on the rise — which darkreading.com said comes along with new variants of impersonation fraud. The aim is to steal credentials or credit card data. The data across a sample set of 1.3

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Fraud Report Minnesota Branding 154

PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. They are eyeing juicy targets such as gift cards and loyalty programs, both of which are of increasing importance to merchants’ holiday revenues. The 2018 holiday shopping season has already started for people and organizations bent on fraud. Fraud Headstart.

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Fraud Retail Online Course 145

PYMNTS

MAY 19, 2020

If exploited, The Hacker News said, it potentially could have allowed attackers to place a digital skimmer into the company’s official website to steal users’ payment card details in real time. The company then contacted Amazon, which asked Natura & Co. to secure the two servers, The Hacker News reported.

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Data Branding National Cards 234

Payments Dive

MAY 10, 2016

Blinded by the financial windfall of offloading billions in fraud losses to their own customers, the card brands now face serious risks on a number of fronts. Daryl Cornell, the CEO of Triton, gives his opinion about the current industry.

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Cards Fraud Branding Industry 150

Payments Source

MAY 18, 2020

In line with the other major card brands, Mastercard is extending its EMV liability shift at gas pumps to April 2021. It is also launching a data-driven fraud protection tool for fuel merchants who have not completed their upgrade to chip-card EMV pumps.

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Payments Source

AUGUST 8, 2019

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.

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Apple Cards Branding Technology 167

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible. shoppers made 72.7

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Cards Payments Security Fraud 141

PYMNTS

JANUARY 28, 2020

Card-not-present theft — like when rideshare charges from a city you’ve never visited appear in your banking app — is traumatic enough for the typical person. The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration.

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Fraud Data Big Data Strategy 143

PYMNTS

OCTOBER 26, 2018

One recent report found that 86 percent of shoppers have joined loyalty programs, while another discovered that 71 percent of consumers found rewards programs to be a meaningful part of their relationships with brands. As a result of this lack of protection, loyalty programs are at particular risk for digital fraud. billion worldwide.

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Fraud How To Cards Security 143

PYMNTS

FEBRUARY 26, 2019

Ordering must not only be seamless, but needs to keep customers’ identities and card details safe. As the mobile app space gets more saturated, most brands are leaning hard on their loyalty and rewards programs for a boost. However, the rise of mobile ordering also comes with growth in account takeover fraud.

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Fraud Mobile Branding User Experience 186

Payments Source

MARCH 25, 2019

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology.

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Apple Cards Branding Technology 160

PYMNTS

DECEMBER 13, 2016

With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We We’ve settled into providing services as a payments and fraud business.”. Radial knows a thing or two about fighting fraud.

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PYMNTS

OCTOBER 7, 2020

In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. Razer Fintech, Visa Pitch New Prepaid Card to Young Adults in Singapore. Digital Payment Firm SafetyPay Teams With LATAM's Rappi.

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PYMNTS

APRIL 23, 2019

However, according to Ondot Systems CEO Bharghavan Vaduvur (BV) in a recent conversation with PYMNTS’ Karen Webster, win or lose, Apple will change the conversation about how we pay by spurring existing stakeholders — especially card issuers — to examine how they come to market. The digital card will be linked to Apple Pay.

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Apple Cards Payments Course 200

PYMNTS

JULY 30, 2019

A press release Monday (July 29) said Certify/ChromeRiver have reached a deal to acquire Emburse , a startup that provides virtual and physical commercial cards to manage employee spend as well as vendor payments. The company connects business managers to heightened visibility into employee spend and greater control over corporate expenses.

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Cards Management Operations Policies 143

PYMNTS

JUNE 27, 2019

Payment Software-as-a-Service firm CardFlight is introducing Level 2 card processing data into its software SwipeSimple, aimed at lowering transactions fees for B2B vendors. In a press release on Wednesday (June 26), CardFlight said sellers will have the capability to collect Level 2 data when accepting commercial cards.

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Cards Data Software Fraud 122

PYMNTS

FEBRUARY 21, 2020

Transactions are easy to spot and show identifying information like brand logos. It also includes Payment Track’s fraud prevention capabilities, which enable users to immediately put their account on hold if they see anything suspicious. Commercial Cards and Payments — and before working at Amex, Duseja held a position at Accenture.

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Cards Payments Google Tools 160

PYMNTS

JULY 15, 2020

Another involves heightened fraud vectors swimming like sharks around digital-first first-timers. Loyalty, on the other hand, is looking all rainbows-and-unicorns again as banks and brands and pull out the stops to kickstart cashflow and fast-track a recovery. Loyalty and fraud know each other, by the way. Defending Trust.

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Fraud Mobile Customer Experience Online 150