Remove Cards Remove Digital Banking Remove Risk Management Remove Security
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PSCU Expects To Issue More Than 3M Contactless Cards In 2020

PYMNTS

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

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Turning To AI To Reduce Digital Banking Risks

PYMNTS

According to a survey conducted last year by the Global Association of Risk Professionals (GARP), 88 percent of bank executives believe AI and ML adoption could provide “a foundational change” for risk management. That’s not to say that AI can’t change how banks secure transactions and reduce risk, though.

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Fraud prevention and detection: Empowering clients through education

Abrigo

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. Takeaway 3 Numerous resources can help banks and credit unions offer training on fraud to help customers or members recognize scams and avoid theft.

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How To Keep Fraudsters From Scamming Banks Across Every Nook And Channel

PYMNTS

Bad actors may dial into call centers and pretend to be legitimate customers to trick staff into revealing details about the individuals, which could then be used to figure out the victims’ digital banking logins. Otherwise, the fraud could continue unnoticed.

Fraud 245
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Hacker Tracker: Sabre Investigating Breach, Card Testing On The Rise

PYMNTS

Aside from the obvious, the reason this breach is disconcerting to security experts is the way in which a single breach of Sabre’s system could have worked to allow cybercriminals access to a much broader attack surface. Jeff Hill, Director of Product Management at third-party risk management solutions provider Prevalent, Inc.

Cards 113
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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. Finastra partnered with Glia for digital customer service. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

Fintech 103
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FinTechs Aid Banks In Their Own Open Banking Initiatives

PYMNTS

Aegean Baltic Bank Taps Wolters Kluwer Tech. Aegean Baltic Bank of Greece announced late last week that it will implement risk management technology from Wolters Kluwer. Based in Denmark, Billy offers small business accounting solutions that loop into SMB bank account data via open banking.

Fintech 173