PYMNTS

DECEMBER 8, 2019

But the people who write the code for those better, richer sites don’t always put enough focus on security — either from ignorance or because of the pressure of tight deadlines — and that leaves what amounts to holes in the digital fence that criminals can use to steal personal data. New Problem. Consumer Awareness.

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PYMNTS

DECEMBER 4, 2018

In addition, UniCredit customers in Italy can now use the Google Pay digital wallet, and cybercriminals are reportedly using malware to encrypt files and asking for a ransom to be paid through WeChat Pay. To use the service, customers can activate the ‘Monhey’ app in the UniCredit app or download the Google Play application.

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PYMNTS

MARCH 7, 2018

Google Tez, the India-based payment application that runs on the United Payments Interface, has added a chat feature to its digital payment platform. According to a report in The Economic Times citing a Google spokesperson, Google is aiming to take on WhatsApp with the chat feature, which it’s piloting with some users in India.

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Bank Innovation

OCTOBER 2, 2017

EXCLUSIVE—Preventing fraud is an ongoing battle, and Mastercard wants to make it a little easier for card issuers with the launch of its Early Fraud Detection System. The system, announced by the payment processor today, will allow FIs and other card issuers to create a greater net of protection for card customers.

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PYMNTS

JULY 29, 2020

Bank of America (BoA) has expanded its mobile wallet use to include corporate customers in the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, hoping to enhance clients’ experiences through faster and more secure business transactions, according to a press release. According to BoA, this helps to prevent fraud.

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PYMNTS

OCTOBER 14, 2019

However, beyond being an irritant, he noted, one-off friendly frauds like these aren’t a major risk to a firm’s bottom line. Unfortunately, there is a far more malignant form of offer fraud out there that does pose a much bigger risk. The Dark Side Of Offer Fraud . Beating Back Opportunistic Offer Fraud .

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PYMNTS

FEBRUARY 8, 2018

ALDI , the grocery store operator, is being targeted by scammers who are installing credit card skimmers on top of point-of-sale terminals in plain sight. They’ve been installing camouflaged skimmers on ALDI credit card terminals right in front of surveillance cameras. According to news from TechCrunch on Thursday (Feb.

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PYMNTS

JANUARY 18, 2021

Decathlon faced its share of security and customer acceptance challenges when rolling out its QR code system as an alternative to cash payments. QR codes were instrumental in ensuring seamless contactless transactions, with customers scanning them and completing transactions with their stored payment cards, Apple Pay or Google Pay.

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FICO

NOVEMBER 24, 2020

Fraud has spiked during the pandemic , with criminals upping their game as consumers swing into holiday shopping mode. Read on for five powerful fraud-fighting tips to help you break out of the 2020 doldrums and end the year with a little less stress! Like COVID, Fraud Is Rampant. It Pays to Protect Yourself.

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PYMNTS

OCTOBER 4, 2019

This week’s coverage includes a deep dive into a big potential misstep for Apple, woes at Goldman’s Marcus, a new Visa expansion effort and a look at how Google Maps can predict the future of payments. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down.

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PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. retailers have online system vulnerabilities that could leave them open to fraud. retailers have online system vulnerabilities that could leave them open to fraud. Sensible Debit Needs To Be More Secure .

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PYMNTS

OCTOBER 18, 2018

17) that it will enable tokenization services on all cards by 2020, as part of its Digital Commerce Solutions, a suite of offerings geared toward making online transactions speedier and more secure. The company is also working with issuers, including Citi and Fifth Third Bank, to convert cards on file into tokens.

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PYMNTS

MAY 6, 2019

website initially only accepted payments from credit and debit cards. Allowing people to pay for government services through Apple Pay and Google Pay means they won’t have to enter their credit or debit card information when making payments,” said Till Wirth, lead product manager of gov.uk Launched in 2016, the gov.uk

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PYMNTS

SEPTEMBER 3, 2019

Banks may process $1 million worth of credit card fraud requests in a day, but ad fraud detectors can face up to 20,000 requests every second. Ad fraud is growing even worse due to the rise of real-time bidding (RTB), an advertising model in which advertisers automatically bid on ad placements as web pages are loaded.

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PYMNTS

JULY 27, 2020

However, the hackers’ claim to have cracked passwords hashed using bcrypt “is an unusual element of this data breach,” said Shuman Ghosemajumder , former fraud Czar at Google and current global head of artificial intelligence for F5 Networks , in a press statement.

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PYMNTS

MARCH 26, 2020

The days of Jesse James or Baby Face Nelson kicking down doors and making off with giant bags emblazoned with dollar signs may be over, but prospective thieves are turning to digital fraud methods that can ultimately steal just as much money — and go on for months or years without being noticed. Good Bots and Bad Bots. he said.

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PYMNTS

JANUARY 27, 2020

New analysis from Bank Info Security , for instance, revealed that BEC scammers have begun to target corporates’ financial documents from accounts receivable departments to identify unpaid invoices, as well as information regarding Days Sales Outstanding and clients. The Business Email Compromise (BEC) continues to evolve.

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PYMNTS

NOVEMBER 29, 2019

We have a deep dive on accounts payable (AP) automation, analysis on “Google Checking” and news on the T-Mobile data breach. The data did not reportedly include password information, Social Security numbers or financial information. Does ‘Google Checking’ Foreshadow Big Tech, FinTech Payments Changes? Other investors include T.

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PYMNTS

MAY 2, 2016

According to security researchers from PhishLabs , Google Play has a bit of a phishing problem. A problem in the sense that the research company claims that, since the start of the year, it has found 11 apps that are hosted on Google Play created by hackers.

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PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

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PYMNTS

JANUARY 20, 2017

s card-not-present fraud situation may get worse before it gets better. The biggest challenge in combating cyber ransom, Radware’s Global Application & Network Security Report 2016-2017 report noted, is that ransom is not only easy, but also every attack has its own vector, technique or angle.

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PYMNTS

NOVEMBER 22, 2019

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. Goldman CEO Denies Claims Of Apple Card Credit Biases. Security Concerns Prompt Fed To Strengthen Big Tech Oversight. Google’s $2.1 And Former U.S.

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PYMNTS

FEBRUARY 14, 2020

11 to set up a bank card clearing business, providing it with access to a $27 trillion payments market. The People’s Bank of China said it has approved an application by Mastercard’s Chinese joint venture to run a bank card clearing business in the nation. Is No-Factor Authentication Digital Security’s Future?

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Retail Cards Millennials Fraud 141

PYMNTS

NOVEMBER 10, 2017

For any organization with an attitude of, “It can’t happen to me,” here’s a wakeup call: Corporate fraud is common and on the rise. One of the easiest areas for internal fraud to occur is in employee expensing. But always, in every organization, there are a few who are commuting fraud. It’s a very involved process.

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Fraud Compliance Policies Technology 112

PYMNTS

JUNE 11, 2019

In fact, a recent study found that cell phone numbers were the fifth-most-important part of respondents’ identities, following Social Security numbers, driver’s licenses, dates of birth and home addresses. Mobile wallets have become popular vehicles for storing and accessing credit card information, plane tickets and other documents.

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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?

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Fraud Payments Mobile Data 52

PYMNTS

OCTOBER 26, 2016

It’s been a busy 12 months since the last Money20/20, as new technologies and threats have disrupted the security space time and time again. Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data.

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FICO

JANUARY 5, 2021

It’s no surprise that COVID-19 would be one of the subjects that drew readers to the FICO Blog last year, but for the Fraud Protection and Compliance category it wasn’t the only top draw. What else made for the hottest reads in 2020 for fraud and financial crime? Here were our top 5 posts: #1: Fraud And Financial Crime Convergence.

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Fraud Compliance Survey Google 52

Cisco

JULY 12, 2021

Convenience is what consumers want, but they want it without compromising on the security of their data or their financial assets. Here are three ways in which banking providers can do this: Identify & reduce account takeover fraud. Possession – something only the user possesses such as security tokens.

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Fraud Mobile Security Customer Experience 168

PYMNTS

JANUARY 6, 2017

And in an age where cybercriminals seem to be ubiquitously lurking at all times, security becomes every merchant’s, issuer’s, card network’s and consumer’s problem. At this point, there are almost no serious players in the game willing to shrug off the importance of security for their system. How is it growing?

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PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. Visa says cybercriminals are using new strategies to steal credit card information from around the country. Priceline Uses AI To Help Fight Fraud.

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Fraud Trends Payments Retail 100

FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

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Fraud Payments South Carolina Compliance 52

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

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PYMNTS

NOVEMBER 14, 2016

Most recently, Lenovo rolled out the first ever AR smartphone using Google’s depth-sensing tech, Tango. Google also rolled out 35 accompanying apps for tango — mostly AR games as of now. Businesses worldwide cited insufficient ROI, security concerns, lack of budget and lack of knowledge as the top barriers to adopting AR.

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Security Regional Data Examples 100

PYMNTS

JANUARY 25, 2017

It looks like ransomware has gotten by the safeguard in Google Play, the official Android marketplace for apps. All information about your social networks, Bank accounts, Credit Cards. Google officials have since removed the app and have thanked Check Point for raising awareness of the issue.

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Google Bitcoin Data Software 100

PYMNTS

FEBRUARY 19, 2018

Google announces a new service in India that will enable residents to pay their utility bills digitally. According to news from BGR , Google India said Monday (Feb. 19) that Indian residents can now pay their water, electricity, DTH and mobile bills with Tez, the mobile payment app.

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Google Mobile Regional Payments 109

PYMNTS

SEPTEMBER 30, 2016

You don’t have to look far to see security flaws leading to massive data breaches. Security experts believe that may be what happened to Yahoo — the tech giant confirmed that over 500 million user accounts were compromised by hackers, marking what is said to be the largest data breach in U.S.

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