PYMNTS

DECEMBER 16, 2020

The topic was front and center in an On the Agenda discussion with PYMNTS CEO Karen Webster, Ethoca CEO Andre Edelbrock , Cabela’s and Bass Pro Shops Senior Manager of Fraud and Investigations Keith Thompson and First National Bank of Omaha Director of Fraud Management Steve Furlong. The Scope Of The Problem.

Retail 228

Retail Management Fraud Omaha 228

PYMNTS

FEBRUARY 1, 2021

At the same time, as this week's B2B Data Digest reveals, fraud can come from many sources, not only outside of the enterprise. From commercial card misuse to invoice fraud, internal employees can be the bad actors, too. An individual has pleaded guilty to wire fraud, bank fraud and money laundering charges.

Data 341

Data Fraud Missouri Report 341

PopularBank

APRIL 18, 2024

Yet, despite advances in bank fraud protection, scammers continue to develop and deploy sophisticated—and successful—methods. Earlier this year, the Federal Trade Commission announced over $10 million in fraud losses in 2023, up 14% from the previous year. Thieves attempting bank fraud may try one or more of the following scams.

Fraud 52

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Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

PYMNTS

JANUARY 31, 2018

Following a malware attack that allowed “unauthorized parties” to access customer credit card information, off-price retailer National Stores is seeking to prevent fraudulent activity and improve the security of its point-of-sale (POS) systems, the company said in an announcement. “We 11 may be involved in the breach.

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National Data Payments Cards 138

PYMNTS

SEPTEMBER 23, 2019

Even so, the global construction management software market is projected to expand at a compound annual growth rate (CAGR) of 9.2 Construction management software can help companies automate budget management, communication, decision-making and job scheduling. How Virtual and Purchasing Cards Can Help. In the U.S.,

Industry 169

Industry Cards Software Phoenix 169

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Regulation 221

Abrigo

JANUARY 30, 2024

Speakers at Abrigo’s ThinkBIG conference will: Spotlight current challenges facing banking professionals Provide industry best practices to drive growth and manage risk Offer advice on regulatory compliance. The Fighting Financial Crime track will focus on BSA compliance, anti-money-laundering (AML), and fraud detection topics.

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Conference Arizona Phoenix Fraud 195

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

Fraud 120

Fraud Retail Cards National 120

PYMNTS

OCTOBER 21, 2019

Corporate fraud comes in many colors, but for many businesses, the most unexpected threat is the one looming from within company walls. This week, IBM announced a collaboration with Raw Seafoods to develop a blockchain solution to address supply chain fraud in the seafood industry, including cases of incomplete documentation and mislabeling.

Fraud 111

Fraud blockchain Ohio Survey 111

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Feedzai has seen the increase in fraud and scams with the pandemic. EMEA, Asia and the Pacific and Latin America. And meanwhile, 35.7

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Report Fraud Risk Management America 247

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. Trackers and Reports.

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Cards Technology social media Meeting 131

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases.

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Trends Fraud Millennials Community Bank 175

Abrigo

JANUARY 3, 2024

The final access rule does not dictate how to receive consent and allows for flexibility based on differences in FIs across the nation. FinCEN is conducting outreach to educate businesses by holding national briefings and issuing fact sheets, Q&A, and videos. We can help you navigate changing AML/CFT and fraud regulations.

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Fraud Regulation Report Compliance 222

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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Fraud Cards Retail Security 131

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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Fraud blockchain System Cards 158

PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. companies, reports said.

Fraud 100

Fraud Cards Lending Analysis 100

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.

Cards 187

Cards Security United States Technology 187

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? Once I started looking around, I saw that Venmo is accepted at quite a few national retailers. A growing list of national restaurant chains are making PayPal an option, too, such as Chick-Fil-A, McDonald’s, Burger King, Taco Bell and, importantly, Panda Express. QR Codes and Fraud.

Fraud 52

Fraud Payments Mobile Data 52

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

OCTOBER 19, 2017

announced a 10-year extension of its fleet fuel card contract with convenience chain retailer Sheetz, Inc., WEX supports the Private Label, Universal and Tri-Brand fleet cards available at Sheetz, which can be used to purchase gasoline at store locations. On Wednesday (Oct. 18), payment solutions company WEX, Inc., billion range.

Cards 100

Cards West Virginia North Carolina Virginia 100

PYMNTS

NOVEMBER 28, 2017

While most corporations are hesitant to admit it, fraud initiated by a company’s own employees is quite common — and incredibly expensive. Research earlier this year found corporate fraud to be at record-high levels. Though difficult to detect, internal fraud has a massive impact on the bottom line. Fear of Retaliation.

Fraud 101

Fraud Report Survey Leadership 101

PYMNTS

JANUARY 22, 2020

First Bankcard , a division of First National Bank of Omaha , has formed a strategic partnership with Provident Bank , First Bankcard announced Wednesday (Jan. Macko, senior vice president, director of corporate cash management. The corporate card program has higher limits to accommodate individual client spending habits.

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Omaha Payments New Jersey Cards 131

PYMNTS

OCTOBER 14, 2016

One firm, IdentityMind Global, provides real-time risk management and fraud prevention through “digital identities,” collecting data across dozens of parameters and separating the financial ecosystem into good actors — those deserving of trust (and completed transactions) — and, well, bad actors.

Fraud 100

Fraud Online social media Risk Management 100

PYMNTS

OCTOBER 20, 2016

million debit cards in India will either have their security codes changed or their cards swapped out wholesale due to concerns that the data may have been breached in one of the nation’s biggest security incidents ever. million cards, the majority are on the Visa or Mastercard platform — 2.65 As many as 3.25

Cards 100

Cards ATM Security National 100

PYMNTS

FEBRUARY 19, 2019

Fraud is rampant and thriving. Banks, financial institutions (FIs) and other members of the financial world are, thus, dealing with a rising flood of identity theft and application fraud, as bad actors look to capitalize on the email addresses, Social Security numbers, credit details and other information they have on hand.

Fraud 158

Fraud Data Capital Resources 158

FICO

JUNE 11, 2020

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. Gas stations are a hotbed for fraud. Highest 3 fraud rate states: Nevada, Florida, Michigan.

New Hampshire 72

New Hampshire Alaska Nevada Fraud 72

PYMNTS

AUGUST 15, 2019

As Peter Robinson, EuroCommerce payments adviser, told PYMNTS in the PSD2 Tracker, businesses are looking toward their card acquirers to fill the education gap. As the PSD2 Tracker notes, card issuers have the final say in deciding which transactions are exempt. But as an April report from Edgar, Dunn & Co. explained, the U.K.

Payments 122

Payments Analysis Cards Compliance 122

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

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Policies Mobile Maine Fraud 130

PYMNTS

FEBRUARY 1, 2021

Another, continued tailwind should come from the fact that the maximum payment amounts, as allowed under the scheme, have been increased as of last year, and now stand at 100,000 euros, up from 15,000 euros previously, as banks fine-tuned their AML and anti-fraud systems. A Leapfrog To Instant – Or Room For Cards, Too? .

Payments 250

Payments Cards Taxes System 250

NCR

JULY 28, 2017

The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. Research has shown that fraud has become a bigger threat as consumers and businesses have moved more of their financial processes into the digital space. An escalating threat.

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

OCTOBER 6, 2020

The technology of SafetyPay lets those who don’t have cards and consumers who are worried about fraud take part in the digital marketplace through cash or bank transfer. As it stands, SafetyPay teams with 380 financial institutions in 17 nations throughout the world. 6) announcement.

Payments 151

Payments America Fraud Online 151

Independent Banker

DECEMBER 31, 2022

From new fee practices to peer-to-peer fraud, keep an eye on what regulatory changes could be developing in the new year. Debit card interchange fees and routing. The Federal Reserve Board finalized updates to the board’s rule for debit card transactions. Interest at the state and national level is expected to continue in 2023.

Compliance 100

Compliance FDIC Community Bank Community 100

NCR

AUGUST 29, 2016

The number of EMV payment cards in global circulation had rocketed more than 40 per cent year on year by the end of 2015, new statistics from EMVCo have revealed. billion ‘chip-and-pin’ cards when the data was collected, and 35.8 The region’s chip card adoption rate jumped to 52.3 per cent of cards issued.

Cards 75

Cards Regional National America 75

PYMNTS

DECEMBER 8, 2016

gas station owners to install EMV chip card readers at the pump. Estimates show that gas station operators might have to spend as much as $30,000 per location to bring the payment tech up to snuff (regardless of the deadline), as noted by the National Association of Convenience Stores. percent of total payment fraud in the U.S.

Mobile 100

Mobile Fraud Cards Comparison 100

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

Fraud 40

Fraud Video Case Study United States 40

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. as part of a visa waiver program. billion USD.

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Security Report National Millennials 110