PYMNTS

OCTOBER 11, 2019

Direct-to-consumer (DTC) brands are putting a new spin on athleisure wear , inspired by the CBD-based wellness trend. And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). All this, Today in Data.

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Trends Innovation Technology Marketing 122

PYMNTS

SEPTEMBER 24, 2020

Nike ’s digital sales surged in Q1, while the sportswear brand also saw an uptick in its connected fitness business. Technologies such as artificial intelligence (AI) and video onboarding have shown promise in facing identity fraud, but each is vulnerable when implemented on its own.

Technology 153

Technology Innovation Retail Video 153

PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. Brands will have spent roughly $77 billion on in-app ads when 2019 is over, and it’s estimated that phonies will dip out with $26.5 For their part, the anti-fraud community is hitting back hard. billion of that.

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Fraud social media Massachusetts Data 131

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

PYMNTS

APRIL 1, 2019

It’s a statement borne out by the new Credit Union Innovation Playbook , a PYMNTS/ PSCU collaboration. They very naturally want to see those types of innovations incorporated into their banking relationships. percent of CU members said they would not switch from a CU to a FinTech because they have less trust in these brands.

Innovation 141

Innovation Fintech Fraud Security 141

Perficient

AUGUST 1, 2022

Adam Caplan, Salesforce’s Senior Vice President of emerging technology, explained said that the software targets brands who want to drive engagement and provide their customers with special event access via NFTs rather than sell works of art.

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blockchain Chicago Fraud Conference 294

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., as well as the launch of the Flex by Finaxar initiative from Finaxar.

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Cards Innovation Management Fraud 130

PYMNTS

SEPTEMBER 5, 2019

And, in retail, consumer food brands such as ReGrained are upcycling ingredients, and the pharmacy sector is experiencing ongoing innovation as well as disruption. 17 percent: Segment of call centers that are employing multi-factor authentication for fraud protection. . $20 All this, Today in Data.

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Innovation United States Customer Experience Fraud 108

PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. As digital migration accelerates, managing authentication and online fraud while optimizing the consumer's experience has become one of our customers' top challenges,” Equifax CEO Mark W.

Idaho 295

Idaho Fraud United States Customer Experience 295

PYMNTS

AUGUST 5, 2019

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. The Whole New World of Check Fraud.

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Fraud Payments Mobile Handbook 162

PYMNTS

JUNE 24, 2019

Retailers are getting smarter about artificial intelligence (AI), and the latest example of that innovative effort comes from Walmart. By using AI technology, the sportswear brand was able to offer suggestions to online shoppers. Take Adidas as another example of that trend.

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Retail Innovation Examples Online 184

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).

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Fraud Technology social media Innovation 52

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. PYMNTS: How would you define Applause’s approach to innovation? PYMNTS: How would you define Applause’s approach to innovation? Our approach to innovation is two-fold. Innovation is only valuable if it’s usable.

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Innovation Customer Experience Mobile Security 121

PYMNTS

MAY 22, 2018

In a press release , TransUnion said the acquisition boosts its position in fraud and identity management. TransUnion said iovation provides a “highly” advanced digital device reputation consortium, providing insight into close to 5 billion devices for more than 35,000 brands across 50 countries.

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Fraud Tools Customer Experience Strategy 100

PYMNTS

NOVEMBER 1, 2018

PEX issues Visa -branded debit cards, paired with a spend management app, to small businesses (SMBs) that need a solution for the part of workforce spend that is anything but predictable — related to specific tasks and, by its very nature, usually ad hoc. However, Grant added, these days, that innovation needs a lot of scaling up.

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Innovation Management Cards Tools 180

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).

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Fraud Payments Innovation Industry 125

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

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Fraud Cards Analytics System 52

PYMNTS

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 Brand Forgery. The quality of the branded phishing emails are what sets the latest coronavirus email attacks apart,” Reichel said. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp.

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Branding Fraud Software Security 292

PYMNTS

AUGUST 24, 2018

But that also brings more opportunity for fraud — and protecting against fraud can often become an afterthought for QSR operators. That’s the premise of a recent PYMNTS discussion between Karen Webster and Tricia Phillips, senior vice president of product and strategy at fraud prevention company Kount. Mom-and-Pops.

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Fraud Mobile Cards Branding 103

PYMNTS

NOVEMBER 20, 2019

In the November Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including mobile ordering milestones from Chipotle and Chick-fil-A, a brand-new rewards program from Wahlburgers and growing concerns of fraud from both quick-service restaurants (QSRs) and consumers.

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

JUNE 5, 2020

It has often been said during the last several weeks that the world has seen several years’ worth of eCommerce innovations advance in about three months, due to the pressure and pivots created by the global health pandemic. The sloppy merchant who simply builds a weak customer experience can be brand-damaging.

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Fraud How To Online Meeting 151

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). What’s a bank to do?

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Fraud Survey Cards Customer Experience 52

PYMNTS

JULY 27, 2020

“Given the seismic shift to digital, the COVID-19 pandemic is forcing retail to achieve innovation in three to six months that would otherwise have taken three to five years. The pandemic has brought uncertainty to many businesses, but at the same time, it has sparked innovation,” said Ro Bhatia , chief operating officer at sticky.io.

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Apple Branding Innovation Retail 206

PYMNTS

MARCH 28, 2019

As outlined in the new Credit Union Innovation Playbook , a collaboration between PYMNTS and PSCU , trust is essential for CUs’ success. As outlined in the Playbook, data security and anti-fraud initiatives are top innovation priorities for members and CU executives. In fact, 81.3 For example, 49.1 For example, 49.1 In fact, 33.3

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Fraud Innovation Fintech Security 139

FICO

DECEMBER 8, 2020

Chartis announced its list of companies included in the RiskTech100 2021 report - FICO was recognized by Chartis as category winner in Innovation, AI Applications, and Financial Crime-Enterprise Fraud. Driving innovation across a global organization. First of all, innovation is front-and-center in FICO’s culture.

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Innovation Fraud Maine Analysis 52

PYMNTS

SEPTEMBER 27, 2019

MyPayrollHR Founder Faces $70M Fraud Charge. The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling. Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs.

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Fraud Fintech District of Columbia Payments 116

PYMNTS

AUGUST 21, 2020

Innovation By The Boatload. Admittedly, the GetMyBoat platform is seeing its share of fraud during its volcanic 3,900 percent booking increase. But the company takes keeping boat owners and renters safe from fraud seriously. “[But] we’ve been around since 2013 … and we’ve been growing year over year.

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Fraud US Examples Tools 317

PYMNTS

SEPTEMBER 16, 2019

17) will discuss the fraud problem stemming from influencer marketing. University of Baltimore professor of economics and statistics Dr. Robert Cavazos researched the influencer fraud problem and said issues are anticipated with a model like influencer marketing. It’s a very fine, delicate balancing act.”.

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social media Regulation New York City Baltimore 150

PYMNTS

JUNE 30, 2020

Members are seeking seamless digital services for speed and convenience, but they also expect their CUs to offer innovative loyalty and rewards programs that add value to their experiences. The Credit Union Innovation Playbook: Loyalty Innovation Edition revealed that 49.1 Developments From the CU Space.

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Report Innovation Florida Cards 133

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. Many expansions like these, however, are halted by the encroaching possibility of fraud. Such developments bring their share of challenges, including the threat of fraud, but pan-Asian eatery P.F. About the Tracker.

Data 214

Data Fraud Mobile Florida 214

PYMNTS

JULY 10, 2020

Using mobile apps to order ahead and pickup in-store has become much more popular during the health crisis, but the jump in online orders has prompted a corresponding rise in online fraud. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud. Mobile Order-Ahead Developments Around The World.

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Mobile social media Report Fraud 162

PYMNTS

AUGUST 8, 2019

Loyalty can be even trickier when consumer demand is well ahead of FI innovation — as is the case for credit unions, as documented by the Credit Union Innovation Playbook from PYMNTS. percent of CUs actively invested in loyalty and rewards innovations during the past three years. Fraud Concerns. Yet, only 29.4

Fraud 124

Fraud Innovation Customer Experience Branding 124

PYMNTS

JULY 17, 2020

With the pandemic spurring overnight digital transformation and innovation, the roles that fraud prevention, customer experience and AI play in commerce have grown faster than ever. During this shift in behavior, a negative experience could cause a loyal customer to abandon a brand or switch to a more convenient option.

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eBook Customer Experience Fraud Mobile 222

PYMNTS

JANUARY 22, 2019

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. Now, they are doing all this digital innovation, and it’s really moving the needle,” he said. Fraud Prevention Optimism. The progress is easy to see.

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How To Fraud Online Mobile 144

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

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Company New York City Fraud Retail 102

PYMNTS

DECEMBER 22, 2020

The global pandemic has only exacerbated many of these challenges for SMBs as supply chain disruptions, market volatility and the risks of fraud all rise. Luckily, trade and trade finance innovation is accelerating to tackle these pain points at a time when seamless cross-border trade is vital.

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Resources Fraud Tools Technology 266

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. and the U.S.

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Data Fraud Tools Technology 181