FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. Card Skimming Fraud – Old Threat, New Growth. through FICO’s Card Alert Service. Darcy Sullivan.

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PYMNTS

JULY 14, 2020

Convincing consumers to designate precious space on their mobile phones to download yet another app can be a tough sell these days. Interest in mobile card apps is especially high among two key groups: those who primarily use debit cards for purchases and those who primarily use credit cards while carrying balances every month.

Cards 197

Cards Mobile Groups Survey 197

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. Around The Next-Gen Debit World.

Security 182

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PYMNTS

MAY 22, 2020

Moreover, all demographic groups are far more likely to use phone than email or chat to reach card service departments — and this method is associated with higher satisfaction and resolution rates. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

Cards 216

Cards Data Millennials Report 216

PYMNTS

MAY 22, 2020

Studies have shown that more than half of all banks recover less than 25 percent of related losses, and FIs have reported a 59 percent growth in fraud value and a 61 percent increase in fraud volume since 2015. The ongoing pandemic has exacerbated all fraud types from all sources, Gould added. Multistage Fraud Defense.

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PYMNTS

NOVEMBER 20, 2019

In the November Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including mobile ordering milestones from Chipotle and Chick-fil-A, a brand-new rewards program from Wahlburgers and growing concerns of fraud from both quick-service restaurants (QSRs) and consumers. About the Tracker.

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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. DOWNLOAD WHITEPAPER. 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.

social media 195

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PYMNTS

SEPTEMBER 20, 2018

Businesses are more satisfied with ACH payments, electronic bank transfers and even credit cards than they are with checks for sending and receiving B2B payments. About 81 percent use credit cards, for instance, while 41 percent prefer settling accounts with ePayables technology, just to name a couple. We may soon have an answer.

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PYMNTS

JANUARY 9, 2018

Dynamics, a unit of telecommunications firms SoftBank and Sprint, announced what it is calling the first battery-powered payment card on Monday (Jan. T he offering, dubbed Wallet Card, was unveiled during the annual Consumer Electronics Show (CES) technology conference.

Cards 110

Cards Operations Payments Conference 110

PYMNTS

MARCH 29, 2016

According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . As more stores start enforcing the use of chip-enabled cards, he said, the spike in online fraud has been remarkable. Yep, it’s real.

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PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Throughout 2016, financial institutions continued to roll out new EMV-enabled cards to their consumers. Worst of Times.

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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

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Fraud Survey Cards Customer Experience 52

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

Customer Experience 59

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FICO

JUNE 14, 2022

Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots. FICO's annual conference exposed some of the biggest fraud trends today, from the "scamdemic" to bot attacks. Five fraud trends for 2022 kept cropping up and seemed to be of the most interest to our anti-fraud delegates. Tue, 07/02/2019 - 04:56.

Fraud 52

Fraud Trends Analytics Cards 52

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

PYMNTS

JANUARY 24, 2020

Approximately 49 percent of customers report worrying about credit card theft, while 41 percent fear account takeovers (ATOs). Restaurants are meanwhile growing increasingly alarmed about coupon fraud, which continues to eat away at margins despite shifts to digital discounts. How Domino’s customers drove its mobile innovations.

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Mobile Fraud Innovation Cards 142

PYMNTS

JULY 3, 2019

So, what’s holding back AP professionals from using digital payment innovations, and what will it take to sway them? By asking these questions, PYMNTS was able to compose a comprehensive overview of the current AP landscape, and how digital AP innovations are set to change it going forward. As much as 33.9 percent), eInvoicing (56.9

Payments 146

Payments Fraud Innovation United States 146

FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Video Discussion : 2:15-7:30).

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PYMNTS

DECEMBER 28, 2020

Many CUs have since leaned into these efforts with digital innovations aimed at a range of issues, such as tackling fraud or enhancing members’ remote banking access. Coast Capital On The Innovations Driving CUs’ Digital-First Future. To get the full story, download the Tracker.

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Perficient

JANUARY 27, 2022

Technological innovation has recently ushered in a wave of digital assets with money-like characteristics, including cryptocurrencies based on the combination of cryptographic and distributed ledger technologies, which together provide a foundation for decentralized, peer-to-peer payments. Stablecoins pegged to the U.S.

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PYMNTS

OCTOBER 28, 2016

Payment security and IoT technology remain an ongoing concern for credit card and smartphone companies, for example, as they explore innovative ways to protect sensitive customer data from cybercriminals. Meanwhile, credit card giant Mastercard anticipates launching a selfie payment service in European marketplaces in 2017.

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PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

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Fraud Security Retail Mobile 100

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. Many expansions like these, however, are halted by the encroaching possibility of fraud. For more on these and other mobile order-ahead news items, download the Tracker. Mobile Order-Ahead Developments.

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Data Fraud Mobile Florida 214

PYMNTS

JUNE 30, 2020

Members are seeking seamless digital services for speed and convenience, but they also expect their CUs to offer innovative loyalty and rewards programs that add value to their experiences. The Credit Union Innovation Playbook: Loyalty Innovation Edition revealed that 49.1

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PYMNTS

MARCH 6, 2020

percent increase from our previous study conducted in 2018, the AI Innovation Playbook , which showed a usage rate of just 5.5 Even more significantly, our research shows that FIs are using AI with greater focus than they have in the past, with two areas emerging as key applications: payments fraud and credit risk. percent of them.

Data 204

Data Fraud Study Compliance 204

PYMNTS

DECEMBER 29, 2020

The eCommerce giant also saw Alexa video calling double this year, and meditation music downloads increased by 1.5 Morgan Chase has agreed to acquire the rewards division of cxLoyalty Group Holdings to help expand its rewards content in categories such as merchandise, gift cards and travel. times last year’s amount.

Payments 141

Payments Fraud Tools Video 141

PYMNTS

SEPTEMBER 20, 2016

19) the availability of a fully electronic PIN code distribution for its cards. debit cards from Hello Bank!, According to the release, the customer gets the PIN for the card in the restricted area of the Hello Bank! app, which is downloadable for free on smartphones from all major app stores. platform, TAS noted.

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Cards Groups Security Innovation 100

PYMNTS

MARCH 30, 2020

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may safeguard them against spending more than they have, which is not the case with credit cards. Rising generations show a keen interest in debit cards, according to a new report.

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Bank Innovation

SEPTEMBER 7, 2017

EXCLUSIVE – Payments processor Vantiv is gearing up to reveal a new digital issuing product early next year that will allow users to download a digital credit card within minutes of opening a bank account.

Payments 247

Payments Cards Fraud Data 247

Abrigo

MARCH 7, 2022

You might also like this whitepaper on combatting domestic terrorism financing DOWNLOAD . The world of FinCrime is more dynamic than ever, with fraud escalating thanks to an increase in mobile payments precipitated by the pandemic and security concerns rising over the Russian conflict in Ukraine. 2022 Regulatory Focus.

cryptocurrency 195

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PYMNTS

OCTOBER 2, 2020

Adhering to Payments Card Industry (PCI) Data Security Standards (DSS) is an unavoidable requirement for any and all eTailers that accept card payments, but a surprising number of firms are not up to speed on these standards. For more information on these stories and other payments orchestration headlines, download the Playbook.

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Compliance Data Report Meeting 243

PYMNTS

FEBRUARY 27, 2020

The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks. Not all SMBs have the funds to develop software that would let them accept debit card payments, however.

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Cards United States Security Payments 142

FICO

DECEMBER 4, 2018

I’m excited to announce that FICO has been named as a category leader in the Chartis Financial Crime Risk Management Systems for Enterprise Fraud report. The Chartis report Vendor Analysis: FICO (Financial Crime Risk Management Systems: Enterprise Fraud; Market Update 2018) provides further analysis of FICO’s rating. Market Potential.

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Fraud Risk Management Analytics Analysis 45

PYMNTS

SEPTEMBER 5, 2019

As workers themselves get more attached to receiving instant payments, card networks and institutions like The Clearing House (TCH) and the Federal Reserve are all searching for ways to further innovate payments and disbursements. Meanwhile, companies and other payment providers still need to remain vigilant when it comes to fraud.

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Fraud Meeting Payments Innovation 156

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. It’s not a separate app to download or service to sign-up for — it works through the mobile banking app a user has.

Retail 116

Retail User Experience ATM Security 116

Abrigo

FEBRUARY 8, 2022

You might also like this downloadable Customer Due Diligence Checklist. DOWNLOAD . Takeaway 1 NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. NBFIs are agile and innovative and are competing head-to-head with traditional financial institutions. keep me informed.

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PYMNTS

JANUARY 22, 2019

Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Now, they are doing all this digital innovation, and it’s really moving the needle,” he said. Fraud Prevention Optimism. Heck, yeah!”. Investment Risk.

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