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Finance Ministry: India Retailers With $7M+ Sales Must Accept Debit Cards

PYMNTS

50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . Digital transactions continue to be popular in the country, and in October, payments system UPI saw a new high of 1 billion transactions.

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Reflections 2022: The Power of Patents and the People Behind Them

FICO

Some of the patents granted this year that are most meaningful to me include: “Visualization for Payment Card Transaction Fraud Analysis,” which relates to a computer-implemented method and system for visualizing payment card transactional fraud analysis. This technology is incorporated into FICO® Falcon® Fraud Manager.

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KPMG: How AI Defense Can Counter Faster Payments Fraud

PYMNTS

Ron Plesco, principal of Cyber Security, and Bob Ruark, principal of Banking and Financial Services Strategy and KPMG’s FinTech leader in the U.S. Another technology that can help banks prevent fraud and take a more proactive approach to suspicious transactions in real time is artificial intelligence (AI).

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Two Cyber Security Investments With a Silver Lining

Banking 2020

The technology protects everything from online transactions and network remote access to social media, personal and business information. Bryan Ansley is CEO of Secure Identity Systems , which provides financial service companies with identity theft protection solutions.

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TRENDING: Putting IT Professionals Through Cyberattack Boot Camp

PYMNTS

Users can simply ask Siri to send money to contacts, with funds withdrawn from a virtual debit or credit card. faster payments system, the Federal Reserve named 27 members to its new Governance Framework Formation Team. The Department of Homeland Security observes October as National Cyber Security Awareness Month.

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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats?

Fraud 63
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Modern Bank Robbery: Addressing Cyber Fraud in Retail Financial Services

Cisco

After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The Javelin 2019 Identity Fraud Report notes that, “While existing card fraud losses dropped from $8.1 How can banks effectively combat account takeover, new account fraud, and other modern cyber security threats?

Fraud 48