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). Possession – something you have (e.g

Fraud 52

Fraud Survey Cards Customer Experience 52

CFPB Monitor

DECEMBER 6, 2022

Earlier this year, New York delayed the effective date of its new law requiring card issuers to provide a grace period for using credit card rewards points that was slated to be effective later this week. The last three bullets of the definition of “modification” extend beyond rewards to the underlying credit card account.

New York 78

New York Cards National Compliance 78

PYMNTS

SEPTEMBER 4, 2020

Fraud Fears, And Loyalty. For example, having been victimized by fraud before makes people reticent and affects usage. Experiencing fraud plays an important role in how consumers perceive the risk” of digital banking, the report states. By comparison, PYMNTS found that 35.7 By comparison, PYMNTS found that 35.7

Digital Banking 234

Digital Banking Fraud Mobile Online 234

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job. In the U.S.

Cards 187

Cards Security United States Technology 187

PYMNTS

JUNE 20, 2019

percent of those focused on data analytics said they also focused on fraud management solutions in the previous three years, compared to only 60.6 Redwood uses a combination of automated fraud detection and human review, but this is a procedure that could be assisted with artificial intelligence (AI) in the future. In comparison, 89.8

Innovation 100

Innovation Cards Analytics Video 100

PYMNTS

JULY 11, 2017

More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The Wall Street Journal recently reported. Research suggests companies are turning to corporate cards for their security as well. Many businesses are turning to virtual cards for these benefits.

Cards 100

Cards Comparison Groups Report 100

NCR

AUGUST 7, 2017

As contactless card transactions become increasingly common in markets such as the UK and on public transit globally, it seems inevitable that there will be growing concerns around the potential for fraudsters to exploit this form of payment. million lost to contactless fraud in 2015. percent of total card fraud in the UK.

Fraud 85

Fraud Cards Security Comparison 85

Abrigo

OCTOBER 22, 2019

Financial institutions should be proactive with their fraud prevention on the dark web. . In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale. The New Frontier on the Dark Web. get started.

Fraud 150

Fraud Cards Data Payments 150

PYMNTS

SEPTEMBER 30, 2019

A joint study by the Better Business Bureau, the Financial Industry Regulatory Authority and the Stanford Center on Longevity interviewed 1,408 victims of fraud in 2018. By comparison, phone calls — which used to be the most common avenue for scammers — were less successful in cheating people.

Study 145

Study social media Online Fraud 145

PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

PYMNTS

FEBRUARY 21, 2020

trillion by 2020, but new sales channels also invite emerging fraud forms. More than $1 trillion is expected to be spent on cybersecurity solutions worldwide between 2017 and 2021 as companies address the need for protections and make major investments in digital fraud-fighting techniques. The Sizable Online Fraud Threat.

Customer Experience 152

Customer Experience Fraud Millennials Security 152

FICO

DECEMBER 21, 2020

Predicting the future is an annual pursuit at FICO, and this year my 2021 fraud predictions for the European region reflect how some of the broad trends that shaped 2020 will mutate into specific fraud challenges in the coming year. Prediction 1: Scams Will Become the Leading Fraud Type — and Not Just in the UK. by Matt Cox.

Fraud 52

Fraud Trends Comparison Compliance 52

PYMNTS

JULY 3, 2019

By comparison, their satisfaction rate for paper checks is just 63.5 According to respondents, some of the biggest benefits of digital AP innovation include increased speed, convenience and enhanced protection from fraud. percent said they are satisfied paying suppliers via ePayables with virtual cards, 47.9 As much as 73.9

Payments 146

Payments Fraud Innovation United States 146

PYMNTS

APRIL 2, 2020

consumers, who made almost 73 billion non-prepaid debit card transactions in 2018 – and the final 2019 number is bound to be bigger. Card networks attract merchants with promises of faster, more accurate debit routing, and merchants pay handsomely to transact across these networks. Debit has never been more popular with U.S.

Cards 130

Cards Comparison Fraud Retail 130

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Banks have already made a big start in the fraud space. Power at scale: Enhancing fraud, compliance and cyber security defenses .

Analytics 49

Analytics Fraud Compliance Comparison 49

PYMNTS

DECEMBER 8, 2016

gas station owners to install EMV chip card readers at the pump. One point of comfort might rest with the fact that Visa has said that fraud rates at the pump are low in comparison to almost all other points of card activity, comprising about 1.3 percent of total payment fraud in the U.S.

Mobile 100

Mobile Fraud Cards Comparison 100

MyBankTracker

MAY 19, 2020

When you’re ready to redeem rewards earned with your credit card, it pays to make sure you’re getting the most value possible. The Mastercard Black Card is a luxury credit card that packs a punch for redemptions. While this card earns a flat one point per dollar on purchases, redemption rates are competitive.

Cards 52

Cards Examples Comparison Course 52

MyBankTracker

JULY 29, 2020

The Hilton Honors Aspire Card is one of four different credit cards that are co-branded between American Express and Hilton Hotels. Of the four cards, the Hilton Honors Aspire Card is considered the luxury card, and it comes with the highest annual fee of $450. Highly valuable annual travel credits. 450 annual fee.

Cards 52

Cards Comparison Conference America 52

PYMNTS

SEPTEMBER 30, 2019

trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. Extensive research is then conducted on each item’s style and brand, which includes side-by-side comparisons and critical examination,” said Co-Founder Lindsay Segal in an interview with PYMNTS. Counterfeit fraud dollars for all U.S.

Online 101

Online Fraud Branding social media 101

PYMNTS

MAY 11, 2018

” Though South Korean authorities raided the exchange due to concerns over fraud, the South Korean Financial Supervisory Service did not reply immediately to a request for comment by CNBC. By comparison, the cryptocurrency’s value was around $7,600 in February, a level that represented a new two-month low.

Bitcoin 101

Bitcoin cryptocurrency Comparison Taxes 101

PYMNTS

MAY 28, 2019

The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017. billion in losses around the world last year.

Apple 159

Apple Mobile Fraud Branding 159

BankBazaar

JULY 11, 2019

Myth 2 – Credit Card Balance Is Good For Your Credit Score. Nopes, while keeping your Credit Card active is wonderful for your Credit Score , not clearing your balance is not the best thing to do. Additional Reading : Credit Cards – The Myth And The Legend. In comparison, payments modes such as Credit Cards are far safer.

Management 99

Management Cards Comparison Taxes 99

PYMNTS

SEPTEMBER 14, 2018

Hotel price comparisons are also included in the feature, allowing users to see their prices stacked up against others on a gradient: low, typical and high. American Airlines , for instance, has used rewards and promotions in an effort to boost credit card payments on flights. Elsewhere in the travel space, many major U.S.

Payments 108

Payments Google Comparison cryptocurrency 108

PYMNTS

OCTOBER 9, 2020

Among the issues plaguing bitcoin and its peers is the fact that unlike credit card transactions, cryptocurrency payments are almost immediately irreversible. That’s a trait that makes them appealing to scammers who are eager to avoid credit card chargebacks. Lagging Consumer Use Cases.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

CB Insights

AUGUST 3, 2017

At $235M in funding and a post-money valuation of $500M (as of Q1’16), Brazil-based Nubank has raised the most funding on this list, and focuses on providing digital banking services and a no-fee mobile-only credit card. PayClip offers PoS payments solutions (such as a mobile card reader) and has raised $46M. Anti-Fraud.

Company 65

Company Fintech Comparison Marketing 65

CFPB Monitor

MARCH 12, 2019

Credit card fraud was the most common type of identity theft report. Additionally, the Data Book provides state-by-state breakdowns and comparisons. Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. declined by 24% from 2017.

Nevada 74

Nevada Georgia Florida Delaware 74

Independent Banker

AUGUST 31, 2022

Mistakes, system glitches and fraud happen. Debit card purchases and purchases for which the merchant scans the magnetic ink character recognition (MICR) on a customer’s check at the point of sale are typical EFTs. Fraud and unauthorized use happen. By Mary Thorson Wright. Funds usually come from a deposit account.

Community Bank 91

Community Bank Regulation Community Training 91

PYMNTS

JUNE 25, 2019

About a fifth, by comparison, had used Venmo for gambling. The report noted that “one interesting point is that any and all transactions made on Venmo will be on file, like a payment made with a credit card. Anyone with a bank account and debit card can use Venmo, a likely factor in its P2P reach.

Payments 115

Payments Marketing Millennials Trends 115

PYMNTS

JANUARY 22, 2020

Over the last years, that shift [has intensified],” Parsons said, noting that about two generations ago, the first payment card was not even plastic, but paper — something most consumers today are unable to recall or likely believe. Shift Intensity. Trust Issues.

Retail 137

Retail Millennials New York City social media 137

FICO

NOVEMBER 28, 2017

I wrote the script for this animation but it wasn’t until I saw the finished animation and ‘Jenny’ selecting her payment method from a screen (it’s at 1:07 if you want to check it out) that it occurred to me just how much scrutiny and direct comparisons could be made between bank account providers and card issuers in the PISP environment.

Analysis 55

Analysis Fraud Comparison Security 55

PYMNTS

DECEMBER 24, 2019

By comparison, ownership of smart TVs has increased just 5 percent, and ownership of connected cars has increased 3 percent since 2018. The company has an option to transfer money to the bank without a debit card for the same fee. Discover announced that it will start issuing contactless cards over the next several months.

Cards 160

Cards Payments Study Examples 160

PYMNTS

APRIL 29, 2016

“They can steal your credit card, but they can’t steal your heart.”. The one that he says stood out to the team was Vantiv’s, which presented “a real-world experience where they had a real-world problem” — that being to authenticate an online consumer without him or her having to enter credit card information.

Comparison 100

Comparison System Online Cards 100

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

PYMNTS

MARCH 14, 2017

DE: Payment card networks already have the rails in place to offer instant payments. Now, a number of individual network solutions like Visa Direct also support a push versus pull of funds so that money can instantly be funded back to a card or account. For comparison, this is six times the debit or pull transaction market.

Meeting 101

Meeting Payments Cards Marketing 101

MyBankTracker

FEBRUARY 23, 2021

The spending account is a deposit account that comes with: Visa debit card access. With SpotMe, Chime will spot you up to $100 on debit card purchases with no overdraft fees. If you overdraw your account with a debit card purchase, Chime will cover you up to the $100 limit. Secure your card instantly. Direct deposit.

ATM 52

ATM Cards Mobile Online 52

NCR

APRIL 4, 2016

Card controls. It gives consumers an on/off switch for their cards so it’s possible to immediately take action if a card is lost or stolen. Finally, it also lets people manage companion cards – for example a parent can have control of their child’s spending by setting controls on their card.

Examples 40

Examples Cards Data Comparison 40