Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Illustration by Cnythzl/iStock. By William Atkinson. Cybercrime could cost $10.5

Community Bank 134

Community Bank Community Fraud Texas 134

FICO

SEPTEMBER 20, 2022

Fighting Fraud with Responsible AI: My Talk with Dr. Scott Zoldi. FICO fraud expert TJ Horan talks fraud management and responsible AI with FICO's Chief Analytics Officer, Dr. Scott Zoldi. As for me, I’m a software guy and payments professional doing my best to roll with the changes in an ever-shifting fraud landscape.

Fraud 52

Fraud Analytics Strategy System 52

PYMNTS

APRIL 30, 2019

Writ large, said Eleveld, the payments industry will likely see card-not-present fraud shift from Europe to more distant shores, where less strict authentication processes are in order. Geographically speaking, in a post-PSD2/SCA world, eCommerce fraud may shift, he said, to places like Latin America and the Asia Pacific region.

Fraud 171

Fraud Online Cards Payments 171

PYMNTS

MARCH 22, 2018

Retailers must be mindful that omnichannel conduits offer more ways for hackers to commit fraud unless point-of-sale systems, web and mobile are all interconnected, Trueblood said. Consider the fraudster who buys something but picks it up in-store, moving beyond the confines of card-not-present fraud.

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Retail Data Fraud Risk Management 100

PYMNTS

MARCH 19, 2019

The NCAA men’s basketball tournament stands as the largest sporting event since the Feb. Its new sportsbook app reportedly lets gamblers “place bets on sporting events when (they) are in New Jersey, which legalized wagering on sporting events online and on mobile devices as well as at physical locations last year.” And about 4.1

Online 125

Online New Jersey Las Vegas Risk Management 125

PYMNTS

SEPTEMBER 9, 2019

Checks also come with their own fraud and security problems, particularly in chaotic situations when it is easier than usual for the wrong person to intercept and misuse a payment. Adding that level of risk management around a push-based disbursement lowers the risk of fraud that insurers may see when issuing claims payments via check.

Payments 171

Payments Industry Cards United States 171

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. In fact, Cregan said he imagines that in the near future, the reloadable card could be tied to merchant rewards and loyalty features.

Online 189

Online Payments Cards Course 189

Celent Banking

APRIL 18, 2016

It is Celent's flagship event during which we announce Model Bank and Model Insurer winners and celebrate their achievements. The theme of this year's event was "Financial Services Reborn", and the Museum of American Finance on Wall Street provided an inspiring setting to celebrate innovation in financial services.

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US Case Study Risk Management America 100

PYMNTS

OCTOBER 5, 2018

Card Decline Rates. “At At launch, New Jersey’s legal online casino sites struggled with credit card decline rates exceeding 75 percent,” the report said. Credit card providers still seem to be casting a cautious eye on sports gambling , given the risk of defaults from bettors and other concerns.

New Jersey 148

New Jersey Payments Online Cards 148

Celent Banking

SEPTEMBER 3, 2015

We celebrate the winners and their initiatives at Insight and Innovation Day (I&I), our flagship event. Digital Payments and Cards. Cash Management and Trade Finance. Security, Fraud and Risk Management. Model Bank is the most prestigious award a financial institution can receive from Celent.

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New York Risk Management Maine Fraud 100

PYMNTS

SEPTEMBER 11, 2017

Yet, this is the simply the latest headline across a slew of big entities that have been under siege in recent years, showing the risk (and lure) of sensitive information that greases the wheels of all manner of transactions and the machinations of daily life — from payments to medical records to credit card data and beyond. .

Fraud 136

Fraud Data Course Security 136

FICO

JUNE 7, 2022

FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers. These credit card performance figures represent a national sample of approximately 38 million consumer accounts from FICO client reports generated by the FICO® TRIAD® Customer Manager and Adaptive Control System solutions.

Trends 52

Trends Industry Cards Analytics 52

PYMNTS

SEPTEMBER 15, 2017

According to Orloff, LendUp and Beneficial State came up with the idea to offer a socially responsible credit card product several years ago, but it only came to market this spring. percent – for a credit card than the national average, but according to The PEW Charitable Trusts, is a fraction of the payday lending rate, which is around 400%.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. The inciting event was LendingClub’s agreement with Jefferies Financial Group that involved changes to their borrower agreement.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

MAY 2, 2016

In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. At TNS, this includes managing compliance with regulatory requirements, such as PCI standards, card scheme rules and SSAE16 reports. PYMNTS: What is the most difficult part of your job, and why?

Risk Management 100

Risk Management Compliance Management Meeting 100

FICO

SEPTEMBER 30, 2022

Burcu Çalıcıoğlu has more than 18 years of risk management experience in banking and financial services and held various roles in managing retail credit portfolios, leading risk technology projects, using decision analytics and automated decision systems to solve complex business problems across the credit life cycle.

Meeting 52

Meeting Analytics Management Strategy 52

PYMNTS

FEBRUARY 9, 2017

E, and absent Reg E, they had no mechanism to deal with customer allegations of fraud or error. Since the 2016 Payments conference, Stone said that his bank has been “enhancing our risk management capabilities associated with ACH processing. A Window Of Opportunity.

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Security Risk Management Conference Industry 100

FICO

MAY 27, 2021

Decision Management Innovation. eDriving , a leading global provider of digital driver risk management programs, partnered with FICO to create a score based on telematic driving data. eDriving has helped decrease speeding events by 71% and distraction events by 39% among the riskiest drivers, in just six months.

Analytics 52

Analytics Fraud Management America 52

Gonzobanker

DECEMBER 14, 2023

November alone had $8B in BNPL volume and Affirm has managed to come back from the Fintech Winter with a bang. In addition, it has has opened more than 400,000 debit cards and is opening as many as 75,000 per month, creating a whole other disruption risk we need to discuss. The Bank Regulator Working for Merchants Award!

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Fintech Community Regional Technology 194

PYMNTS

SEPTEMBER 26, 2016

Cards still remain the fastest-growing digital payment method since 2010, holding at 11.8 China, to start, surpassed the U.K. and South Korea for the first time in payment volumes, moving into the ranking of fourth across the globe. Europe and Brazil are still the top three leaders in the space.

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Report Payments blockchain Security 100

PYMNTS

AUGUST 30, 2018

All of which are true, Byrne said, so long as one has pounds in their pocket – because many of the merchants in markets don’t take cards, and will politely direct customers to the nearest ATM when they try to pay with one. As Webster pointed out, that does mean that myPOS has to carry some risk – particularly in the event of a chargeback.

ATM 105

ATM Cards Payments Case Study 105

Gonzobanker

NOVEMBER 17, 2016

This year’s Money 20/20 event in Las Vegas drew a massive attendance with 11,000 individuals, 4,500 companies, tons of new technology, and a mind-blowing expanse of collective brain power. The event’s level of growth and sophistication since its inaugural event in 2012 is truly impressive. Visit our web site to learn more.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

FICO

JANUARY 5, 2023

CFPB Director Rohit Chopra has further indicated that he would like to see consumer protections akin to those for credit cards, including improving disclosures and fraud and dispute resolution protections. Meanwhile, the National Institute of Standard and Technology is expected to release its AI Risk Management Framework in 2023.

Policies 52

Policies Company Regulation Risk Management 52

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. All of this was coincident with reports of widespread app outages, with MoviePass running out of money and taking a short-term, high-interest loan just to fund member purchasing cards.

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Branding Cards Fraud Marketing 100

FICO

JANUARY 15, 2021

The FICO Blog posts last year reflected that – we wrote about everything from the impact on collections, proactive lender communications with consumers, issues with fraud, and of course, how FICO® Scores were impacted. The COVID-19 pandemic cast a huge shadow on the financial services worldwide.

Report 59

Report Payments Cards Data 59

PYMNTS

SEPTEMBER 23, 2016

But there is still a balancing act between putting IT security into practice and ensuring there are no impacts to business needs, such as justifying costs, defining risks and clarifying roles and responsibilities. The event is considered to be one of the largest cyberthefts worldwide and has left a lasting impact on the financial industry.

Security 100

Security Survey Risk Management Management 100

FICO

APRIL 17, 2021

Plot Summary Phil Conner is a Pittsburgh TV weatherman on a remote assignment covering the annual Groundhog Day event Punxsutawney, Pennsylvania. Plot Summary: Another film based on actual events, The Big Short is set during the build-up to the financial crisis of 2007. To join us, check out our job postings here. Paramount Pictures).

Data 139

Data Analytics Management Meeting 139

Gonzobanker

DECEMBER 22, 2014

It’s been a busy year integrating recent acquisitions, purchasing $1 billion+ in Banco Popular deposits, hiring former Los Angeles Mayor Antonio Villaraigosa to advise on community relations, and having former President Bill Clinton speak at a major financial literacy event. Risk Management. ??? takes Susquehanna Bancshares Inc.

Los Angeles 101

Los Angeles Apple Risk Management California 101

FICO

FEBRUARY 9, 2023

It extends from relatively straightforward structured marketing campaigns to more sophisticated event-based automated approaches, all underpinned by AI, analytics, machine learning and customer journey orchestration. But there are numerous routes to delivering personalization. Now consumers expect the same from financial services.

Analytics 52

Analytics South Carolina Management US 52

Gonzobanker

SEPTEMBER 28, 2015

While at first glance a bank may see no immediate fraud issue with such a breach, let’s look at an example of what can be done with this type of data. For wire fraud, a quick inspection of previous amounts, frequency and typical wiring dates can serve as a litmus test for fraudulent outliers. Adjust your employee training.

Examples 60

Examples Security Meeting Policies 60

Gonzobanker

DECEMBER 22, 2015

Now, to avoid any cue card and teleprompter issues, we’ll just go with the written list again this year. According to CardFlight, only 42% of MasterCard and 52% of Visa cards are chip-enabled due to backlogged card producers and payment processors. Steve Williams: California , The Airborne Toxic Event. THE BANKING AWARDS.

Community Bank 60

Community Bank Apple Community Technology 60

William Mills

MAY 9, 2018

I’ve participated in every US event except one as well as Finovate Europe last year. There are a number of great events in FinTech but this one I do my best to attend each year. I really like this kind of tech: why use a card with an ATM when you have your mobile banking app on your mobile phone? They have a cool card.

Security 40

Security Samsung Strategy San Jose 40

Fintech Labs Insights

JULY 16, 2015

Today, we’re revealing the first group of companies that will take the stage at the event. Tickets have been selling fast for the event, which will be held September 16 & 17 at the New York Hilton Midtown. ID Analytics brings patented analytics and real-time behavioral insight to consumer risk management.

Company 12

Company Mobile Software Big Data 12

Fintech Labs Insights

NOVEMBER 18, 2015

Ethoca’s Alerts helps card issuers and merchants with a global collaboration network to prevent unnecessary and costly reliance on the chargeback process to resolve disputes and recover associated losses. has added secure, integrated travel card management functionality to meet the needs of international travelers.

Company 12

Company Comparison Customer Experience Management 12