PYMNTS

FEBRUARY 19, 2020

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. Bottom line: Fraud losses are expected to hit $48 billion annually by 2023 – more than double the 2018 losses. Sealing It.

Fraud 131

Fraud Pennsylvania Trends Security 131

PYMNTS

OCTOBER 14, 2020

Retailers therefore have to determine the number of speed bumps their customers are willing to put up with as well as the special features they can offer to encourage shoppers to overlook these minor inconveniences. . Fighting fraud . Shoppers will not flock to sites solely on the merits of eTailers’ security, however.

Security 150

Security Branding Fraud Retail 150

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.

Fraud 183

Fraud Los Angeles Idaho Risk Management 183

PYMNTS

NOVEMBER 26, 2020

Social Security Administration, for example, requires recipients using its website to provide unique eight-digit codes sent via text to their smartphones in addition to their usernames and passwords when they sign up or log in. . It also outlines some of the frictions entities face when doing so. .

Security 174

Security social media Fraud Retail 174

PYMNTS

FEBRUARY 24, 2016

When it comes to a retailer protecting its assets — digital and otherwise — the intrinsic assumption might be that the focus ought to look outward. But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. In a story posted yesterday (Feb.

Retail 100

Retail Fraud Survey Branding 100

PYMNTS

DECEMBER 12, 2019

The CEO of Shopin, a blockchain-powered startup, has pleaded guilty to securities fraud related to $42.5 Eyal was accused of lying to investors in the coin offering and saying that Shopin had associations with major brands and retailers when it did not. Eyal pleaded guilty in Brooklyn on Wednesday (Dec.

blockchain 130

blockchain Fraud Security New York 130

PYMNTS

JANUARY 8, 2019

With the holiday shopping season in the rear view, retailers across the globe are tallying up their wins and losses. While the holiday retail rush meant big gains for some retailers, it also came with an influx of fraud, both in-store and online, as fraudsters took advantage of a high-pace, high-volume period of transactions.

Fraud 166

Fraud Retail Security Branding 166

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.

Fraud 182

Fraud Payments Cards Strategy 182

PYMNTS

MARCH 12, 2020

Each sector and country encounters different fraud types that providers must be ready to detect and thwart. These concerns are a focus for Global Payments, a worldwide payments processor that includes eCommerce payment processing brands eWay and Ezidebit in Australia and New Zealand. The card industry’s 3D Secure 2.0

Fraud 130

Fraud Analysis Regional Examples 130

PYMNTS

DECEMBER 13, 2019

Platforms are doubling down on security in the wake of embarrassing data breaches and steady consumer fraud complaints, but it’s a fluid situation. Fraud detection and prevention, bolstered by AI and machine learning, are removing friction from RV rentals simply by making Outdoorsy an online marketplace where people feel safe spending.

Fraud 130

Fraud Millennials Comparison Online 130

PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. In a new PYMNTS interview, Tricia Phillips, SVP of product at Kount , discussed the fraud trends for the upcoming fourth quarter. Fraud Headstart.

Fraud 145

Fraud Retail Online Course 145

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Security 131

Security Fraud Analytics Tools 131

PYMNTS

OCTOBER 8, 2020

Merchants and consumers alike are placing greater emphasis on digital connectivity during the pandemic, prompting retailers to support swift and smooth onboarding processes that appeal to new users. Consumers do not expect to have to choose between speed and security, however. Balancing Seamlessness And Security.

Security 208

Security Branding Retail Fraud 208

PYMNTS

DECEMBER 20, 2017

That’s a quote from department store maven John Wanamaker, illustrating a conundrum for retailers (and merchants in general): Namely, you’ve got to reach out to consumers if you are going to convince them to buy your wares. It is equally important to measure and iterate as the retailer continues to engage with its target audience.

Big Data 234

Big Data Retail Data Fraud 234

PYMNTS

FEBRUARY 26, 2019

The Tracker also looks at the security challenges that QSRs are tackling as they work to keep fraudsters away. 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.

Fraud 186

Fraud Mobile Branding User Experience 186

PYMNTS

JUNE 5, 2020

The challenge is two-fold for retailers in a post-pandemic world, Cohen said. What the last few months have demonstrated, he said, is an influx of retailers and sellers that have suddenly realized the need to be much more digitally present and enabled. They are very thoughtful, and they know all the tricks to getting away with fraud.

Fraud 151

Fraud How To Online Meeting 151

PYMNTS

APRIL 26, 2017

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. Cracking the code on digital identity in luxury retail.

Fraud 121

Fraud San Francisco Retail Branding 121

PYMNTS

OCTOBER 26, 2018

From banks to retailers to restaurants, companies are on the hunt for a strategy that will win over customers, with a growing share turning to rewards and loyalty programs. These offerings can even help brands edge ahead of their competition — 22 percent of consumers will exclusively shop at stores where they are a loyalty member.

Fraud 143

Fraud How To Cards Security 143

PYMNTS

MARCH 13, 2019

Digital banking customers are looking for an institution that can keep their data safe, with security mishaps creating the possibility that they can move to other apps. In addition, Stitch Fix Inc. beat analysts’ revenue and earnings estimates for the second quarter of its fiscal year 2019 amid a focus on data science.

Digital Banking 128

Digital Banking Security Data Branding 128

PYMNTS

DECEMBER 11, 2020

to advance secure, contactless transactions as stores reopen amid COVID-19 restrictions. Consumers are taking advantage of remote work to buy new pets, but scammers are taking advantage of these quarantine puppies: Pet fraud has exploded during the pandemic to $3.1 Retail Will Play Major Role In Vaccine Distribution.

Trends 175

Trends Fraud Millennials Community Bank 175

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. PbBa is designed to work with the security of a consumer’s own bank.

Retail 116

Retail User Experience ATM Security 116

PYMNTS

DECEMBER 18, 2019

You can count on at least one thing for retail in 2020: Things will get much more personal. Dynamic Yield now enables more than 300 brands in six continents, spanning retail, gaming, finance, travel and publishing. Much has been written about AI-powered tools for fraud detection and security. Sonic Move.

Retail 131

Retail Tools User Experience Technology 131

PYMNTS

OCTOBER 28, 2020

He said that with Amazon Prime Day essentially kicking off the holiday shopping season earlier this month, “retailers are going to go full-tilt boogie on promotions and mobile-centric offers, and the fraudsters are going to come in.”. Starting With A ‘Fraud Mindset’. Nothing bad can happen, or they're going to get really angry.

Fraud 280

Fraud Retail Tools Data 280

PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network.

Retail 137

Retail Millennials New York City social media 137

PYMNTS

DECEMBER 12, 2019

The CEO of Shopin, a blockchain-powered startup, has pleaded guilty to securities fraud related to $42.5 Eyal was accused of lying to investors in the coin offering and saying that Shopin had associations with major brands and retailers when it did not. Eyal pleaded guilty in Brooklyn on Wednesday (Dec.

blockchain 130

blockchain Fraud Bitcoin New York 130

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.

Fraud 101

Fraud Online Cards Retail 101

PYMNTS

MAY 4, 2017

To help grow its engineering and fraud teams and build out its machine learning Guaranteed Fraud Protection enterprise offering, solutions provider Signifyd today announced its Series C round of $56 million in funding. He said “Signifyd is emblematic of the range of industries that can be reimagined with machine learning and AI.

Security 100

Security Fraud Capital Retail 100

PYMNTS

JUNE 15, 2017

Can data make all the difference in the fight against payments fraud? The discussion played off the findings of a new whitepaper from the firm titled, “Driving Up Conversion with Effective Fraud Management.”. What works in preventing payments fraud at a large airline or telco system may not be germane for an electronics retailer.

Fraud 115

Fraud Data Tools Management 115

PYMNTS

FEBRUARY 28, 2019

The new program, which the eCommerce giant laid out in a blog post , empowers brands to bring counterfeits to zero on Amazon properties. It relies on advanced technology, machine learning and the knowledge brands have of their own intellectual property to detect counterfeit products being sold. 28) the launch of Project Zero.

Branding 116

Branding Tools Report Data 116

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

SEPTEMBER 22, 2020

Gluck said his buddy probably didn’t see such potential “ friendly fraud ” as real fraud. “In But it is a form of friendly fraud.”. He said friendly fraud is hard to spot, nearly impossible to predict and expensive for retailers not only in terms of lost goods and revenue but in terms of their merchant risk scores.

Fraud 216

Fraud Security Cards System 216

Cisco

JULY 12, 2021

Convenience is what consumers want, but they want it without compromising on the security of their data or their financial assets. Here are three ways in which banking providers can do this: Identify & reduce account takeover fraud. Possession – something only the user possesses such as security tokens.

Fraud 168

Fraud Mobile Security Customer Experience 168

PYMNTS

OCTOBER 20, 2016

3D Secure 2.0 ’s Built around the increasing popularity of mobile commerce, 3D Secure 2.0 On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Paul Baker.

Security 100

Security CA Cards Strategy 100

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

Retail 100

Retail Apple Fraud Online 100

PYMNTS

APRIL 3, 2018

Krebs on Security reported Monday night (April 2) that the fast-casual bakery/café chain had been leaking names, emails, addresses, birthdays and partial credit card numbers (the last four digits) from its website for at least eight months. Both companies are part of Toronto-based retailer Hudson’s Bay. If the U.S. Hudson’s Bay.

Branding 120

Branding Data Retail Security 120

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. What’s great about virtual conferences is that you can register , today, to attend.

Customer Experience 59

Customer Experience Fraud Strategy Compliance 59

PYMNTS

SEPTEMBER 14, 2016

Retailers have been conditioned to think that fraud is simply an unavoidable cost of doing business. But Michael Reitblat , cofounder and CEO of Forter , thinks that’s a backwards way of looking at fraud and invests $20 million a year in technology to support an entirely different conversation. Where Fraud Really Hurts.

Fraud 100

Fraud Retail User Experience System 100