PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. Nations around the world are continuing to implement digital ID systems. EMV Cards Face Crucial Verification Security Gaps.

Fraud 169

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PYMNTS

APRIL 9, 2020

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. They claimed to have birthdates, credit card information and national insurance numbers and demanded the $6 million payment.

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PYMNTS

JULY 2, 2020

Financial institutions (FIs) are therefore expected to offer more contactless cards this year and some are also unveiling services intended to help consumers easily add cards to their digital wallets. consumers to shift as much as $100 billion in annual spending from credit to debit cards. Around the Next-Gen Debit World.

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PYMNTS

FEBRUARY 20, 2020

Yet, what if these companies extended their presence into banking by offering accounts that improved the way consumers use and manage their credit cards and debit accounts? This represents roughly $2 trillion in annual credit and debit card volumes. Superior card apps could motivate 31.4 Superior card apps could motivate 31.4

Cards 146

Cards Data Management Mobile 146

Abrigo

SEPTEMBER 20, 2023

Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. It's no longer a discretionary measure but an imperative one.

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Abrigo

JANUARY 22, 2024

download NOW Takeaway 1 Fraud losses totaled $485.6 What’s more, FinCEN included fraud in its eight anti-money laundering/countering the financing of terrorism (AML/CFT) national priorities in 2021, explicitly linking fraud detection and prevention to AML/CFT responsibilities for the first time. billion globally last year.

Fraud 221

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PYMNTS

NOVEMBER 28, 2020

As a companion to National Salesperson Day on Dec. 14 already has a made-up commercial holiday: National Free Shipping Day , in effect since 2008. 13, purportedly recognized since 2000, we put forth “Chronic Complainer Day” for Dec. The problem with that plan is that Dec. Bob Cratchit would approve — or be horribly insulted.

social media 198

social media National US Retail 198

PYMNTS

OCTOBER 9, 2017

For the latest notable news and trends from around the mPOS space — including both national and international developments — check out the latest Tracker. . Turning gift card trash into consumer cash. In a recent interview with PYMNTS, he said the app gives increased value to gift card buyers and sellers alike. . “In

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Mobile Cards Report Samsung 100

Abrigo

MAY 12, 2022

As evidenced by recent attacks on the nation's fuel and food supplies, ransomware is a particularly acute concern. The 2021 publication of the FinCEN priorities lists both cybercrime and fraud as part of the eight national security and illicit finance threats that the U.S. Fighting financial crime is more than a full-time job.

Fraud 195

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PYMNTS

AUGUST 8, 2019

He added that the mobile payments app has clocked over 100 million transactions to date in the nation. With 120 million internet users in Japan, cash still dominates most transactions, especially since some places, like supermarkets and medical clinics, do not accept cards. credit card and 10 percent with other types of credit cards.

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National Mobile Cards Payments 109

PYMNTS

NOVEMBER 13, 2020

One study found that these apps will outnumber phy sical identity cards by 2023, with this trend being driven largely by national ID programs in emerging markets. For more on these stories and other digital identity news items, download this month’s Tracker. More than 6.2

Fraud 242

Fraud US Mobile Study 242

PYMNTS

SEPTEMBER 6, 2019

Australia, Malaysia, Thailand and the United Kingdom are just a handful of nations that are exploring the benefits, ranging from opt-in programs designed to help citizens access financial and governmental services to compulsory ID solutions meant to serve as virtual ID cards. Private entities are getting in on digital ID as well.

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National Study Digital Banking Trends 179

PYMNTS

DECEMBER 1, 2020

percent of all consumers prefer grocery shopping with large national chains like Walmart , which was found to be the most preferred merchant at 27.8 Consumers of every age and income bracket are turning to touchless payment methods like contactless cards and digital wallets when they make their weekly purchases. of consumers.

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Abrigo

JULY 1, 2021

By Vanessa Russell, Founder and Executive Director of Love Never Fails According to the National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various types of human trafficking. Leverage this SAR Writing Checklist. Send me related content.

Training 370

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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

PYMNTS

DECEMBER 16, 2020

More than 100,000 eateries — or about one in six restaurants nationwide — have closed due to the pandemic, according to National Restaurant Association estimates. For more on these and other mobile order-ahead news items, download this month’s Tracker. ChowNow's Fraud-Fighting Lessons Amid The Pandemic.

Fraud 310

Fraud social media Mobile Trends 310

PYMNTS

AUGUST 29, 2019

Digital fraud is particularly threatening in Southeast Asia, despite the fact that the Association of Southeast Asian Nations’ (ASEAN) eCommerce market is projected to exceed $200 billion in value by 2025. The network found that Australia’s 2018 card fraud rate was 72.8 percent in 2018 from 13.9 percent in 2017. percent in 2017.

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PYMNTS

JANUARY 11, 2021

In terms of mechanics, users download the Envoy mobile app , creating accounts with driver’s licenses and credit cards (for payments), using codes tied to a property/location across the firm’s platform, and reserve a vehicle for a range of time, measured in minutes, hours, or for a daily stretch.

Community 280

Community Mobile California Resources 280

PopularBank

APRIL 18, 2024

Indeed, scammers in the modern age can target wire transfers, gift card offers, and payment apps alongside dummy debt elimination schemes or fake high-yield investment ventures. Again, fraudsters stress the immediacy of clicking a link, calling a particular phone number, or downloading an item to your device.

Fraud 52

Fraud social media Cards Security 52

PYMNTS

MARCH 12, 2020

Digitized national identities are becoming popular around the world, with countries such as Australia, Estonia and Sierra Leone working to provide them. Traditional plastic cards are easier to steal or misplace, and whoever takes or finds them gains unfettered access to personal information. DDLs’ Extensive Benefits.

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Colorado Wyoming Louisiana Security 130

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

Abrigo

SEPTEMBER 3, 2021

In addition, as the nation has seen global cyber threats, particularly from North Korea, Russia, and Iran, the Office of Foreign Assets Control (OFAC) also issued an advisory related to cyber-abled crime. Be careful what is downloaded : Carelessly downloading e-mail attachments can circumvent even the most vigilant anti-virus software.

Training 195

Training Software Fraud Security 195

Abrigo

FEBRUARY 28, 2023

For example, almost all of us can remember receiving something like the following pesky text messages: "Your debit card has been locked; click here to reactivate." However, simple scams still work remarkably well and can be conducted via personal communication channels such as text messaging. Your bank is closing your account.

Fraud 195

Fraud How To Training Trends 195

PYMNTS

AUGUST 3, 2018

Known as SWYPE, the mPOS device is a Square-like card reader that can be used with a smartphone or tablet and is intended for both large and small businesses. For years, riders had the option to either pre-purchase a ticket from a station kiosk, download and purchase a virtual ticket through a mobile app or buy a ticket onboard with cash.

Trends 105

Trends Massachusetts United States Boston 105

PYMNTS

JANUARY 12, 2020

Bowman noted that Tap to Phone leverages EMV’s underlying capabilities, the growing base of contactless cards in consumers’ wallets and the partnership with Samsung to allow sellers to tap into new retail sales opportunities, simply by downloading an app onto a mobile device they already use.

Retail 226

Retail Samsung Software Mobile 226

PYMNTS

OCTOBER 4, 2019

Such identity solutions were once exclusively the domain of wealthy, technologically advanced nations, but are spreading to countries like Nigeria and Sierra Leone, which have recently begun harnessing digital channels. Government-issued digital identities are not just the realm of sovereign nations. How Nav Navigates KBA Challenges.

Online 144

Online Ohio Knowledge Base Regional 144

Abrigo

SEPTEMBER 8, 2023

Learn strong approaches to identifying, evaluating, and reporting suspicious activity in this BSA Guidebook Download now Takeaway 1 Reg CC requirements can sometimes feel at odds with anti-fraud efforts, especially because check fraud is such a problem. For example, it can’t be based on the depositor’s race or national origin.

Fraud 195

Fraud Training Regulation Compliance 195

PYMNTS

JANUARY 15, 2021

Customers display a code on their smartphone for cashiers to scan, at which point funds are transferred from stored payment cards, bank accounts or current app balances. Some countries are catalyzing this growth through national mandates rather than leaving retailers to their own devices. Retail Environment.

Retail 207

Retail Security Payments United States 207

Abrigo

NOVEMBER 29, 2021

Finally, banking alternatives such as Chime-Spot Me, an app offering to cover debit card purchases and cash advances that overdraw the account from $20 to $200 without an overdraft fee, have become more competitive. To remain competitive, some of the nations’ largest banks have introduced new products. Flush with deposits?

Community Bank 195

Community Bank Community FDIC Trends 195

PYMNTS

NOVEMBER 20, 2019

A new study from the National Restaurant Association found that only 18 percent of restaurants offer mobile ordering via their own apps, despite 43 percent of consumers wanting to place orders via such methods. For more on these and other mobile order-ahead news items, download this month’s Tracker. About the Tracker.

Fraud 111

Fraud Mobile Study Cards 111

PYMNTS

SEPTEMBER 23, 2020

A study from the Cifas National Fraud Database found that identity theft against consumers over the age of 61 rose by 22 percent in 2019, contributing to an 18 percent increase in identity theft overall. For more on these and other financial crime news items, download this month’s Playbook. billion in 2019.

Technology 208

Technology Report Fraud Study 208

Abrigo

FEBRUARY 9, 2024

residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. “Today marks an important step toward not only curbing abuse of the U.S. This AML investigations checklist can help.

Training 195

Training Fraud Trends Report 195

PYMNTS

APRIL 2, 2020

We also spoke to SMB owners to learn more about the large-scale impact the pandemic is having on the small players that help form the foundation of countless local economies throughout the nation. percent say they would be able to use their personal credit cards to help fund their businesses during the pandemic, while 25.5

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Data Maine Survey Resources 130

PYMNTS

FEBRUARY 14, 2018

In 2016, Mexico’s predilection for cash outpaced that of neighboring nations with a cash share of 26.1 PYMNTS found Mexico has a low rate of ATMs, bank branches and POS systems per 100,000 people compared to other nations. Download the report for more data and insights that highlight the role of cash in Mexico’s economy.

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Data ATM National Online 130

Abrigo

MARCH 4, 2022

man pleading guilty to multiple felonies, including money laundering, for his role in a national fraud ring that resulted in the theft of more than $1 million from financial institutions. A $200 million international fraud scam uncovered in 2013 involving more than 7,000 synthetic identities and tens of thousands of credi cards.

Fraud 195

Fraud Cards Software Trends 195

PYMNTS

MAY 19, 2017

Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. To download the analysis, please click below… . trillion in cash in 2020, marking a 7.5 percent compound annual growth rate. About the Index.

Report 136

Report Regional Analysis Payments 136

PYMNTS

AUGUST 15, 2019

And insofar as they shopped online, cards (credit and debit) were preferred by nearly three-quarters of respondents. In the intervening several years, several forces, most notably the Japanese government, have actively pushed to get the nation off its cash addiction — and into digital payments. percent).

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Mobile Payments National Marketing 154