PYMNTS

SEPTEMBER 3, 2019

The global digital ad market is expected to be valued at $225 billion by 2020, so it is no wonder fraudsters are trying to steal a piece of the pie. Ad fraud’s prevalence is largely due to two factors: The lack of regulation and the sheer complexity and volume of online advertising. Ad fraud can take a variety of forms.

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PYMNTS

FEBRUARY 14, 2020

Mastercard Gets Nod To Join China’s $27T Payments Market. 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.

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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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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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PYMNTS

OCTOBER 25, 2017

With many shoppers in Mexico wary of credit card fraud and relying mostly on cash, Amazon has launched a new cash payment service in the country. Even so, the company’s Mexico sales of $253 million last year were well behind the market leader, Argentina’s MercadoLibre, Inc., and only slightly above Walmex ’s online revenues.

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PYMNTS

MARCH 10, 2020

In the March Digital Identity Tracker® , PYMNTS explores the latest developments in the world of digital IDs, including the rise of biometrics in the border control sector, challenges to digital ID posed by the new coronavirus outbreak and a new credit card-mounted fingerprint reader from NatWest. This market is expected to be valued at $3.5

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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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FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . For many options, borrowers first create an account with each BNPL firm they want to use, providing their debit card or bank information as the payment mechanism. A BNPL Primer.

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PYMNTS

JANUARY 12, 2018

Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 As has been noted by the firm and in this space , in the two years since EMV chip cards launched in the United States, fraud has declined by 66 percent.

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PYMNTS

JULY 26, 2017

Developers can literally come in, sign up and start building a card product,” said Gardner. The typical way of building a card product, by going to a bank and leveraging that bank’s platform, need no longer be the norm.

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FICO

DECEMBER 19, 2018

As far as industry predictions go, perhaps surprisingly, one of mine actually came true: “ 2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.”. Will Fewer Cash Transactions Result in More Fraud?

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PYMNTS

JUNE 26, 2018

CashShield , an online fraud management solution for mid- to large-sized enterprises, announced Tuesday (June 26) it raised $20 million via a round of fundraising. Investors, too, see the value, and are supporting us in our fight against the online fraud boom.”

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Celent Banking

NOVEMBER 26, 2014

Usually, during the Autumn season, I make a few trips to the United States for conferences and client visits. EMV migration in the US was high on the agenda during both visits and I came back with two takeaways: 1) the US market is finally serious about EMV and preparations are going full steam ahead and 2) I am glad it is happening.

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PYMNTS

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. With the technology, consumers can access their funds and authorize how much to withdraw without needing a physical card.

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect In 30+ Markets. Mastercard Bets On Biometric Cards To Advance Inclusion. Total losses due to fraud were a staggering $4.2 Top Performers.

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect in 30+ Markets. Mastercard Bets on Biometric Cards to Advance Inclusion. Total losses due to fraud were a staggering $4.2 Top Performers.

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Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. In doing so, Bank of New Hampshire is leading a trend in the United States on an important issue. According to an American Banker article (subscription required), it takes 400 years for a debit card to degrade.

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PYMNTS

OCTOBER 4, 2019

As reported, Global Payments is the third-largest merchant acquirer in the United States, while TSYS is the third-largest card processor in the country. Such reviews will also often touch upon their credit card operating models. Both differ in terms of assumed risk and FI control over their card programs.

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PYMNTS

DECEMBER 27, 2019

Amazon applied for a patent for a software system that can identify individuals through unique biometric qualities and characteristics associated with the palms of their hands, according to the United States Patent and Trademark Office. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. percent from last year.

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PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

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CFPB Monitor

JULY 7, 2021

In the lawsuit , the CFPA and Georgia AG alleged that Burlington offered to provide debt-relief and credit-repair services to consumers throughout the United States through telemarketing and telephone sales but instead used deceptive tactics to defraud consumers.

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PYMNTS

FEBRUARY 27, 2020

The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks. SMBs in the United Kingdom are also seeking easier ways to accept payments.

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PYMNTS

SEPTEMBER 2, 2019

Providers must take into account the payment options that are readily available to — and preferred by — the consumers in new, targeted markets. And in one example, a deep dive shows 75 percent market share for cross-border payments handled by SWIFT gpi, for a value of $40 trillion last year. Account takeover attacks resulted in $5.1

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PYMNTS

MARCH 15, 2019

In fact, according to new PYMNTS research, digital services are expanding in the United States and in markets around the world. For those online transactions that rely on cards on file to complete recurring payments, however, that figure tends to drop to the 60 percent range on average, he said. Consumer Communication.

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PYMNTS

MAY 29, 2018

Companies based in the United States that contend the directive would be costly, were they to comply — costly to the tune of millions of dollars. The newswire stated the mandate in India may have a ripple effect and may push the needle toward a similar walling in of data. The other card peers declined comment.

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PYMNTS

SEPTEMBER 4, 2018

The plastic payment card is dead. Long live the plastic payment card! Forgive the whipsaw attitude, but that’s how it can feel sometimes when discussing the future of payment cards. Card Clarity. The payment card has “a long life ahead of it.” But cards have something else going for them: innovation.

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Gonzobanker

JUNE 7, 2023

In mid-May, a digital bank account for the 62+ crowd debuted in the United States. Older adults have long been ignored in all kinds of markets, but evidence of bold change is even emerging in entertainment. In several news articles, Charlie mentioned it wants to embed discounts into the debit cards in time.

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PYMNTS

MARCH 14, 2016

Payment fraud evolves in ways that are truly frightening — and with haste. Fraudsters are continually scrambling to keep up with, and have one foot in front of, technology, with recent stumbling blocks in the form of EMV, in the United States, likely to give rise to greater card-not-present fraud.

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PYMNTS

MAY 28, 2019

The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 Smartphones contributed one trillion dollars to overall retail sales in the United States during 2018.

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PYMNTS

OCTOBER 8, 2019

Three months away from the end of 2019 and the dawn of the 2020s, the state of the credit union is stable, due to a healthy foundation that is already in place, according to Charles E. Pairing those strengths with robust credit card offerings, he said, helps CUs market a full suite of financial offerings that are comparable to marquee FIs. “As

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Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

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PYMNTS

MAY 16, 2018

The CEO added that his company continues to make progress with its efforts in contactless payments, saying that beyond the lack of progress in the United States, “we’ve seen really good progress around the world.”. is half of the non-contactless transactions in the United States. Now, the U.S.

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PYMNTS

MAY 14, 2018

A payments initiative, backed by Germany-based Deutsche Bank , could lead to another web-based payment option for airline passengers and diminished revenue for credit card providers. Such a system would save carriers the $8 billion annually that they spend on credit card processing costs, according to the IATA.

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PYMNTS

JANUARY 25, 2021

To get a glimpse of the state of spending, one needs only to look at the card networks, the gross dollar volumes and cross-border activity to get a sense of where debit and credit are picking up, and where travel is recovering – and where it’s not. According to Kelly, consumers want to spend the money they have and not borrow (i.e.,

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PYMNTS

SEPTEMBER 9, 2019

Hurricane Dorian may be officially over, but for those in the Southeastern United States and the Bahamas, the rebuild is just getting started. 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.

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PYMNTS

SEPTEMBER 6, 2019

Bamboo Straws, Emerging Markets And The Lessons Of Selling Cross Border. It’s another thing to walk the walk, especially when it comes to giving sellers the chance to gain new revenue via online marketplaces and new markets. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. Chip cards are now accepted at more than 3.7

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PYMNTS

SEPTEMBER 28, 2016

Can a smartphone keep you and your money safe from fraud? The information stored inside your phone could soon be used to authenticate you to banks, credit card companies and other financial service providers. The rise of digital and mobile technology has made preventing fraud much more challenging for financial service providers.

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