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Visa pilots card-not-present security app with Michigan State University FCU

Payments Source

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments.

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How to Avoid Life Insurance Fraud

MyBankTracker

What nobody needs is life insurance fraud. Worrying about life insurance fraud probably isn’t high on your list of concerns, which is good, because the odds of something happening are likely rare, but it’s smart to have it on your radar. So if you’re concerned about life insurance fraud, don’t worry (much).

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TRENDING: Voice Recognition Gets Its Own Backup Biometrics

PYMNTS

But, despite the disastrous news, there is reason for optimism in the fight against fraud. Payments technology provider Elan Financial Services, for one, announced it will now send two-way fraud alerts to owners of Elan processed debit cards via a new partnership with Ondot Systems. In a recent interview with PYMNTS, Kang G.

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Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes

PYMNTS

The rising trend of digitization in commerce and the increased occurrence of card-not-present fraud were not created by the COVID-19 pandemic. Those dynamics have made the dangers of fraud far less abstract to consumers. Fraud, he said, is occurring at an unprecedented rate and scale and it was far from a small issue before.

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When On-Demand Delivery Cuts Corners

PYMNTS

Caixin Online has the story of the hot water that one on-demand courier service in China, by the name of Ele.me, suddenly finds itself in. Look no further than Uber, the poster boy of the sharing economy, and its ongoing public relations fiasco surrounding the Kalamazoo, Michigan shooter.

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The key challenges posed by card skimming

NCR

As it takes advantage of inherent weaknesses in magnetic stripe cards, they can be used at any location where a user needs to swipe their card, from POS terminals to fuel pumps. Criminals view skimming as a low-risk, high-reward tactic that gives them a range of options for exploiting cards. A growing problem in the US.

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Finovate Fall 2016 Live Blog – Day 2

William Mills

I like the idea but I am a bit concerned about the potential for fraud from both companies and investors. You can look at life events such as marriage, credit card, new job, etc. Addresses compliance, fraud experience and customer experience analytics. I need to learn more. Larger banks want an API and dig-down.