PYMNTS

JUNE 19, 2018

Fraud has no choice but to roll with the punches, and the flurries are enough to daze a boxer as skilled as Ali. Get a toehold in a consumer’s account with a card and whammo, here comes EMV. We’re being tongue in cheek, of course. “Not only that, I can use a large number of cards in a very short period of time.”. “The

Fraud 138

Fraud Analytics Online Cards 138

PYMNTS

NOVEMBER 15, 2019

Though credit cards were not originally designed to address the needs of corporate payers, advances in commercial card technology have positioned the payment tool as one that’s gaining traction in the accounts payable department. This, he noted, is Mesh’s entryway to the market of cross-border B2B payments.

Cards 162

Cards Payments Tools Analytics 162

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.

Apple 200

Apple Cards Payments Course 200

PYMNTS

SEPTEMBER 19, 2019

Successful criminals, including those who ply their trade via digital and mobile channels, have certain advantages: flexible morality, of course, is one; another is determination. Welcome to the world of advertising fraud. As PYMNTS research has documented , advertisers will lose a projected $5.8 It’s highly lucrative,” Xie said.

Fraud 132

Fraud Payments Online Mobile 132

PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. And those criminals are experts at social engineering, enabling them to con people who might be on high alert for fraud attempts. That doesn’t mean all is hopeless, of course.

Fraud 133

Fraud Payments Security Cyber Security 133

PYMNTS

JANUARY 2, 2019

While commercial card innovation certainly accelerated in 2018, progress can always continue. Morgan Managing Director and Head of Commercial Card Product Management Naney Pandit says should be a focus this year is in mobilizing the corporate card. It’s not altogether an unfamiliar concept, of course.

Mobile 211

Mobile Cards Samsung America 211

PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

Fraud 112

Fraud Cards social media System 112

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card.

System 258

System Operations Fintech Taxes 258

PYMNTS

JUNE 20, 2019

Commercial cards account for only a portion of corporates’ overall spend, as checks stick around and ACH gains ground. However, their market share is on the rise as card issuers develop more robust rewards programs, and the ability to integrate card spend into back-office spend management and analytics platforms.

Cards 133

Cards Innovation Data Payments 133

PYMNTS

MARCH 1, 2019

He served jail time in connection with fraud and conspiracy, centered on accounting tricks that were partly used to cover financial losses. The Enron fraud resulted in estimated losses in the tens of billions of dollars, and relied in part on mark-to-market accounting, which inflated asset values. Founder and Chairman Kenneth L.

Fraud 108

Fraud Payments Report New York 108

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

social media 195

social media Fraud cryptocurrency Trends 195

PYMNTS

FEBRUARY 15, 2019

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard, are preparing to up the fees charged to merchants to accept network-branded cards. It’s a fact that merchants, of course, do not love.

Cards 224

Cards Course Security Fraud 224

PYMNTS

APRIL 25, 2016

The market saw its first tech IPO, an SME cybersecurity company, and we have the details on how much it raised. Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. It’s all below in our weekly B2B Data Digest. . .

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

OCTOBER 5, 2020

We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. The rules you're going to do for a healthcare company from a fraud and security perspective are very different from construction,” she remarked.

Payments 326

Payments Fraud Fintech Tools 326

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

PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Good news, of course, but that doesn’t mean the pressure is any less. Classic fraud deflection is rules-based.

Fraud 109

Fraud Data Delaware New York City 109

PYMNTS

OCTOBER 23, 2017

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. Patience is a virtue in the business of fraud. Account takeover is not entry-level fraud.

Fraud 133

Fraud San Jose Security Data 133

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. The course includes webinars, detailed notes and course material.

Study 124

Study Online Course Cards 124

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? They’re not new technology—QR codes have been around since 1994 —and, while not the dominant mechanism for mobile payments in the US, they are often at the forefront in emerging markets. QR Codes and Fraud. Of course, any payment method carries inherent fraud risk.

Fraud 52

Fraud Payments Mobile Data 52

NCR

SEPTEMBER 15, 2017

After years of lagging behind many other developed nations, the US market is rolling out EMV technology. While the transition is still in process, and has in many cases been a bumpy, road to adoption, it will go a long way towards tackling some of the most common types of fraud. The shift to e-commerce CNP fraud.

Fraud 84

Fraud Cards Security US 84

PYMNTS

MARCH 30, 2016

That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. But the General cautioned that tackling fraud across the payments ecosystem today is a job for experts.

Fraud 100

Fraud Innovation Payments System 100

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

MARCH 28, 2017

Adoption of virtual cards in B2B payments is gradually increasing as companies take to the greater security and convenience of the tool. Today (March 28), B2B payments and invoicing platform Viewpost announced a partnership with Visa to allow businesses using the portal to pay suppliers with virtual cards. The reason?

Cards 100

Cards Payments Training Security 100

Tomorrow's Transactions

OCTOBER 5, 2016

A while back, my old chum Ed Conway from Sky TV (better known for his excellent foreword to that noted tome Identity is the New Money , of course) ran a nice story about the British cash paradox. With a high degree of smartphone penetration in the US market, mobile and digital payments are rapidly gaining a market share in digital payments.

Fraud 54

Fraud Cards America US 54

FICO

JUNE 8, 2017

As new countries such as those in the Nordics embrace contactless payments, people are asking about the impact on fraud. We discussed this last month at the DT Fraud Conference 2017 , where Peter Bayley from Visa and I debated some of the issues arising. The good news is that contactless doesn’t appear to increase fraud.

Fraud 58

Fraud Payments Cards Course 58

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales.

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Company Payments Fraud Meeting 163

PYMNTS

JUNE 25, 2019

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. The Zelle network is used by an upward of 5,391 financial institutions (FIs), either through a mobile banking app or by registering a debit card with Zelle’s app.

Payments 115

Payments Marketing Millennials Trends 115

Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. The how, of course, is tricky. According to an American Banker article (subscription required), it takes 400 years for a debit card to degrade. It doesn’t end here, of course. Short answer: Yes. THAT IS WILD.

How To 109

How To New Hampshire Oklahoma Fintech 109

PYMNTS

NOVEMBER 22, 2019

In an announcement late last month, Valve said “nearly all” trading of the keys was “believed to be fraud-sourced.”. The keys, according to reports (but unconfirmed thus far by Valve or Steam), were bought with stolen cards and traded on the Steam marketplace. In one recent event that grabbed headlines, video game developer Valve Corp.

Online 176

Online Video Fraud Analytics 176

PYMNTS

NOVEMBER 24, 2020

Two words might explain Tuesday’s stock market action: "Relief rally." Where there’s spending, of course, there are transaction fees and other revenue streams for payments companies. The way we pay is shifting, of course. Because Wall Street, it’s famously been said, abhors a vacuum and hates uncertainty. will rise between 3.6

Payments 136

Payments Course Examples Analytics 136

PYMNTS

JULY 6, 2018

Or how to make sure new markets — like the new legal betting market in the U.S. And, of course, how to leverage enough security advances to keep out the cybercriminals who want to follow — and rob — the digitally migrating crowds. $2 250 percent : The amount card-not-present fraud has grown since 2012.

ATM 101

ATM Fraud Course How To 101

PYMNTS

OCTOBER 2, 2018

Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. Among the more prevalent criminal methods focused on business, according to Divitt: new relationship fraud.

Fraud 149

Fraud Course System Big Data 149

PYMNTS

NOVEMBER 1, 2018

Before CEO Toffer Grant founded PEX , he worked in the world of prepaid cards (gift cards in particular), where Christmas was the biggest challenge of every year. Gift card use would faithfully and intensely spike around Christmas, only to settle back to a more typical baseline six to eight weeks after the “event.”.

Innovation 180

Innovation Management Cards Tools 180

Celent Banking

NOVEMBER 26, 2014

EMV migration in the US was high on the agenda during both visits and I came back with two takeaways: 1) the US market is finally serious about EMV and preparations are going full steam ahead and 2) I am glad it is happening. All the data breaches at retailers, from Target to K-Mart Sears, have spooked the market and stirred it into action.

US 170

US Las Vegas San Antonio Cards 170

FICO

AUGUST 6, 2018

For more than 25 years, the Falcon consortium has served as the world’s largest collection of payment card transaction details , consisting of the diverse fraud and non-fraud truncation assets that have spawned 80+ fraud-focused artificial intelligence and machine learning patents, with 30+ patents pending.

Fraud 45

Fraud Data Payments Big Data 45

PYMNTS

APRIL 9, 2020

The merchant, of course, benefits from not having to juggle multiple providers. He said firms such as RS2 can “plug into the middle part” of the equation and aid ISVs in their efforts to offer those payment experiences through application programming interfaces (APIs), with speed — and where time to market previously had been months.

Data 160

Data Software Fraud Retail 160