PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

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Retail Online Cards Data 218

PYMNTS

AUGUST 11, 2020

No one will call to ask for your bank account, credit card or Social Security number, the FTC said. As in the first distribution of $1,200 checks in the spring, most people will get money direct deposited, or via a debit card or check will be mailed to the address where your taxes were filed.

Fraud 174

Fraud Taxes Survey Cards 174

PYMNTS

NOVEMBER 22, 2019

It’s been said cybercriminals look for the path of least resistance when they target businesses or online marketplaces to steal data or money. And, increasingly, online gaming platforms — attractive to the bad guys due to their scale and relative anonymity — are in the crosshairs. The tools are there, but mindset matters.

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Online Video Fraud Analytics 176

PYMNTS

OCTOBER 1, 2020

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She noted that mobile app use is up double-digit percentages as of April, when the pandemic shifted so much of everyday life online.

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Mobile Cards Security Fraud 266

PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

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Fraud Payments Cards Strategy 182

PYMNTS

SEPTEMBER 24, 2018

Perhaps more troubling, however, is digital fraud’s projected future. Recently published research noted global fraud losses could top $6 billion by 2021, more than doubling the $3 billion lost worldwide in 2015. As such, businesses are now investing in their security and fraud prevention technology and solutions. All told, U.S.

Fraud 195

Fraud Security Analytics Data 195

PYMNTS

JULY 30, 2020

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. Traditional fraud-fighting approaches often fail against scammers who use synthetic IDs to trick financial institutions (FIs) into letting them open new accounts. The Fatigue-Fraud Connection.

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Fraud US Data Analytics 142

NCR

JULY 17, 2017

In today’s environment, setting up a fraud prevention program is a hugely complex process. One area that must not be overlooked is the impact of non-financial events and activities on a fraud prevention strategy. So what non-financial signals should banks be looking for in order to enhance their fraud prevention efforts?

Fraud 89

Fraud ATM Mobile System 89

PYMNTS

SEPTEMBER 19, 2019

Digital payments volume is increasing as emerging technologies enable more seamless online transaction experiences for consumers and businesses. The following Deep Dive examines how AI technology is being deployed on the anti-fraud front lines. . The High Costs Of Fraud . A recent study found that 60.8

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Fraud Security System Data 128

PYMNTS

JULY 15, 2020

Another involves heightened fraud vectors swimming like sharks around digital-first first-timers. The July 2020 Mobile Order-Ahead Tracker® done in collaboration with Kount shows that online orders are positively booming, but not all of that activity is good. Loyalty and fraud know each other, by the way. Defending Trust.

Fraud 150

Fraud Mobile Customer Experience Online 150

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. In marketing, Amazon and Walmart are busy getting ready for what could be the largest shopping week of the year, with Prime Day and other events approaching. consumers stating that security is important when shopping online.

Retail 146

Retail Innovation Technology Security 146

PYMNTS

DECEMBER 17, 2018

In a press release , EMVCo said the specification has been updated to include enhancements that will better promote and optimized the consumer experience and at the same time support new authentication abilities when making purchases online. The EMV3DS version 2.2.0

Fraud 134

Fraud Security Cards Community 134

PYMNTS

JANUARY 8, 2019

Few things feel better than the rush of a winning streak — money bet on a football or baseball team, or a sporting event, that turns into a pile of dough after a victory or beating the spread. goes online. goes online. But that excitement can quickly deflate if the winning gambler then must wait for his or her winnings.

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Online Payments Cards Course 189

PYMNTS

NOVEMBER 19, 2019

The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence (AI) and machine learning to fight back. In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation.

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Fraud Digital Banking Innovation Data 109

PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it.

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Fraud How To Analysis Strategy 245

PYMNTS

MARCH 19, 2019

March Madness has a new flavor this year: legal online betting. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. And about 4.1

Online 125

Online New Jersey Las Vegas Risk Management 125

PYMNTS

MAY 5, 2016

Online shopping cart software provider 3dcart announced its partnership with Vantiv to bring “flexible eCommerce processing choices” to more than 20,000 online merchant sites. Recently, Vantiv launched its BizBuz community, an online platform centered on fostering and supporting small businesses. Customer support 24/7/365.

Online 100

Online Fraud Community Analytics 100

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits. FICO’s Take on Debit Security.

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Cards Technology social media Meeting 131

PYMNTS

MARCH 27, 2020

alone) indoors, where “home office” has taken on new meaning and where online commerce is now the way we buy. As Barnhardt noted, as transaction volumes spike, so does fraud. He noted that in the current environment, any number of human errors could occur, leading to what he called “first-party fraud.”

Fraud 137

Fraud Data Online Payments 137

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.

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social media Fraud cryptocurrency Trends 195

PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. He gave a telling example: he and a colleague once conducted an experiment where Dewey dialed the call center listed on the back of the other’s credit card. They let me right in,” Dewey said.

Fraud 107

Fraud Cards Houston Retail 107

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

Fraud 138

Fraud Cards Data Tools 138

PYMNTS

MAY 7, 2020

Emerging uses of adaptive AI and other new tech is set out in the new FI Fraud Decisioning Playbook , a PYMNTS and Simility collaboration, as financial institutions (FIs) and their clients ready for reopening by modeling good customer behavior to help identify bad actors. Learn by Example.

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Fraud Tools Data Examples 248

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Fraud 52

Fraud Cards Analytics Oakland 52

PYMNTS

MAY 29, 2020

FIs therefore must ensure their omnichannel experiences are paired with comprehensive fraud-fighting approaches that counteract potential issues. Fraud cost U.S. The problem will only grow, however, if FIs do not adapt their fraud-fighting efforts to suit their omnichannel offerings. Confronting Cross-Channel Fraud.

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Fraud Analysis Tools Cards 132

FICO

NOVEMBER 21, 2018

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

Fraud 76

Fraud ATM Cards Online 76

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Sometimes the cards are ancillary to a different criminal purpose.

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Cards Fraud Regional Training 109

FICO

NOVEMBER 26, 2019

With new scams on the increase, FICO’s fraud experts have added new tips for staying safe and avoiding fraud, taking the total to 16. If an ATM looks odd, or your card doesn’t enter the machine smoothly, consider going somewhere else for your cash. Either way, you will need to arrange for a replacement card as soon as possible.

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Fraud ATM Cards Online 59

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Tue, 07/02/2019 - 02:45.

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Fraud Trends South Carolina Risk Management 52

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

Fraud 125

Fraud Payments Innovation Industry 125

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. First-party fraud losses - including true name and synthetic identity fraud - can peak to 10 times the size of third party fraud.

Fraud 72

Fraud Regional US Cards 72

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? However, COVID has changed many consumer habits in the US and around the world, including handling cash and cards. QR Codes and Fraud. Of course, any payment method carries inherent fraud risk. Let’s take a look. . Hello Panda. What about QR codes?

Fraud 52

Fraud Payments Mobile Data 52

PYMNTS

OCTOBER 1, 2020

For one firm, AeroPay — focused on bringing payment services to underserved markets — the cannabis market is but one that can benefit from the great digital shift for payments done in person or online. Security and fraud risk is also reduced, he said. Looking Toward Underserved Markets .

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Payments Colorado Marketing Cards 271

PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. This includes exploring emerging anti-fraud solutions and the challenges arising in this space as fraud grows more complex. One recent breach at U.S.

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Data Fraud Tools Technology 181

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. Vaccine passports and certificates are now in use as proof of vaccination when travelling or attending certain events and venues. Despite their views, many still want to travel and attend those events that require proof of vaccination.

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Fraud Management Data Trends 52

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. Bigger Banks And The Problems With Data Security.

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Technology Fraud Data Security 142