FICO

MARCH 18, 2020

As I recently blogged , the use of prepaid cards is growing, in forms ranging from one-time gift cards to reloadable payment mechanisms for benefit distribution. Together, these factors can allow MLSC models to deliver robust fraud detection in heterogeneous transaction environments. Prepaid models US Prepaid and GIM Prepaid 1.0

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Fraud Cards ATM Groups 52

PYMNTS

MARCH 12, 2020

And according to Jennifer Schroeder, executive vice president of product management at PULSE, prepaid and payroll cards are proving increasingly popular among forward-thinking employers. A tight labor market means employers must be cognizant of what their workers want.

Cards 154

Cards Fraud United States Payments 154

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." It’s showing up in music and entertainment , education , healthcare , and marketing. Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts.

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Examples Fraud Resources Risk Management 222

PYMNTS

MARCH 12, 2020

Providers serving a wide array of businesses have access to more card or customer data than individual merchants, meaning they may be more able to flag individuals showing signs of fraudulent or unusual behavior. . Payment processors expanding their operations into new industries and markets have their work cut out for them, however.

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Fraud Analysis Regional Examples 130

PYMNTS

OCTOBER 6, 2020

The rising tide of fraud in the prepared food segment got an unfortunate illustration this week as food delivery Chowbus suffered a data breach, with information on about 4,300 restaurants as well as data for hundreds of thousands of customers slipping out the door. Fraudster In Many Forms . Staying Ahead Of The Fraudsters .

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Fraud Data Mobile Cards 195

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”.

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Fraud Cards Analytics ATM 52

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. billion but that the deal was not disclosed properly to the market or other investors, and that it secretly paid Qatar £322 million.

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Fraud Cards Capital Groups 108

PYMNTS

OCTOBER 10, 2019

The cloud storage subscription market is expected to increase at a compound annual growth rate (CAGR) of 24.8 This can be a tall order, though, as they not only have to cater to the currency and payment demands of their customers, but also must ensure that accepting these methods does not expose either party to fraud.

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Marketing Payments Cards cryptocurrency 116

PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. All that info has been mined by organized crime groups and other actors,” he said. That doesn’t mean all is hopeless, of course. The antidote? Friction can also play a role.

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Fraud Payments Security Cyber Security 133

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. expand_less Back To Top.

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PYMNTS

FEBRUARY 6, 2019

Cloud software company Blackbaud is rolling out purchasing cards and expense management services for its corporate customers, the company said Tuesday (Feb. Blackbaud Purchase Cards are designed for “social good organizations” to digitize their accounts payable processes and enhance spend management for employees.

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Management Cards Regional Fraud 122

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job. In the U.S.

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Cards Security United States Technology 187

PYMNTS

MARCH 1, 2019

He served jail time in connection with fraud and conspiracy, centered on accounting tricks that were partly used to cover financial losses. The Enron fraud resulted in estimated losses in the tens of billions of dollars, and relied in part on mark-to-market accounting, which inflated asset values. Founder and Chairman Kenneth L.

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Fraud Payments Report New York 108

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). a biometric). a password).

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Fraud Survey Cards Customer Experience 52

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

FEBRUARY 1, 2017

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging.

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Fraud Retail Cards Samsung 100

PYMNTS

MAY 18, 2018

A new report from Mastercard links use of commercial cards to cost savings for businesses, according to reports in Verdict. Use of a commercial card program to manage employee travel expenses, however, reduces these operational costs and is linked to add-on benefits like travel insurance and rewards.

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Survey Cards Regional Management 101

PYMNTS

JULY 11, 2017

More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The Wall Street Journal recently reported. Research suggests companies are turning to corporate cards for their security as well. Many businesses are turning to virtual cards for these benefits.

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Cards Comparison Groups Report 100

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 93

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.

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Fraud Cards Analytics Oakland 52

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.

Cards 109

Cards Fraud Regional Training 109

PYMNTS

FEBRUARY 18, 2019

So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in other, relatively old-fashioned ways.

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PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 One popular target for cybercrime is debit and credit cards as the pandemic leaves customers uncertain about their financial futures.

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PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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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

PYMNTS

OCTOBER 4, 2019

Visa Powers Revolut’s Global Expansion Into 24 New Markets. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Top Stories.

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PYMNTS

JUNE 16, 2016

It’s no wonder why retailers love gift cards – they are known to drive foot traffic, increase revenue, boost their customer base and complement retention efforts. But as consumers continue to move toward a digital option for their gift card needs, could a retailer’s dream turn into an actual nightmare?

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Retail Cards Fraud Data 100

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. AITE Group projected the cost of fraudulent applications to be $28.6 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. Where is the rise in identity-based fraud coming from? million to 15.4

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Fraud Regional US Cards 72

NCR

AUGUST 7, 2017

As contactless card transactions become increasingly common in markets such as the UK and on public transit globally, it seems inevitable that there will be growing concerns around the potential for fraudsters to exploit this form of payment. million lost to contactless fraud in 2015. percent of total card fraud in the UK.

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Fraud Cards Security Comparison 85

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

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Fraud Data Survey Regional 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 70

Abrigo

JANUARY 31, 2023

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Increased fraud According to the Federal Trade Commission , consumers lost more than $5.8 billion to fraud in 2021, a 70% increase over the prior year. That represents nearly 2.8

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PYMNTS

SEPTEMBER 9, 2020

Potential investors include Hong Kong-based AIA Group Limited, the publicly-traded life insurance group and Prudential PLC, the British global life insurance and financial services company. How Music Retailers Keep Card-Not-Present Fraud From Sounding A Sour Note. Grab Holdings Inc.,

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Boston Apple Company Payments 131

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

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PYMNTS

APRIL 15, 2020

“Ethoca is thrilled to be working with Microsoft to solve this challenge upstream — in the bank’s mobile app — where consumers have the instant purchase clarity they need to avoid making a false claim,” Keith Briscoe, chief marketing and product officer at Ethoca. The solution is now in place at a top five bank in the U.S. and globally. .

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Fraud Cards Tools Online 167

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Intercontinental Exchange (ICE) and Black Knight announced as part of their merger that Black Knight would sell its subsidiary Optimal Blue (digital mortgage marketplace) to Constellation Software’s Perseus Group.

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Fintech Software Illinois Lending 103

Insights on Business

MAY 15, 2019

They all have recently deployed or will soon be deploying the IBM Safer Payments fraud prevention solution on their preferred cloud infrastructure – IBM Cloud, Amazon Web Services (AWS) and Microsoft Azure, respectively. Fraud solution built for the cloud(s). What do a large Australian bank, a leading U.S.

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Fraud Resources Software Payments 110