PYMNTS

NOVEMBER 23, 2020

Artificial intelligence (AI) in mobile food ordering: tantalizing. AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it.

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Mobile Boston Fraud Colorado 289

PYMNTS

AUGUST 21, 2020

As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon. billion euros ($2.1

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Operations America Cards Compliance 222

PYMNTS

NOVEMBER 18, 2020

It can also serve as a powerful tool in restaurants’ fight against fraud, which is becoming an increasingly prevalent issue as bad actors target the flood of customers using digital channels during the COVID-19 pandemic. Around The Mobile Order-Ahead World. Boston Market On The Fraud-Fighting, Customer Service-Enhancing Power Of AI.

Boston 186

Boston Fraud Marketing Mobile 186

PYMNTS

NOVEMBER 17, 2020

Telecommunications companies face a number of challenges in their day-to-day operations, however. Onboarding these customers can be a tedious challenge prone to fraud and consumer frustrations, and the industry faces the ever-looming threat of SIM swap fraud. SIM Swap Fraud Plagues Smartphone Users.

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Fraud Company social media Cards 267

PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

SEPTEMBER 15, 2020

Consider the fact that in Mexico it can take four to six months to open a business account — and as much as a year to get access to a debit card. As Poovala told Webster: “We had to get a debit card by actually creating our own startup. It’s been 20 months, and we tried to get a debit card from some of the largest banks.

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System Operations Fintech Taxes 258

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

OCTOBER 9, 2020

This includes upgrading digital security measures, but the resurgence of brick-and-mortar commerce has required upgraded technologies to accept contactless payments and mobile wallets. These wallets are connected to familiar debit or credit cards, the details of which must also be kept safe from enterprising fraudsters.

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Fraud Retail Report Online 188

PYMNTS

DECEMBER 18, 2020

This revenue free fall could result in 100,000 restaurants nationwide closing either temporarily or permanently, with 40 percent of all restaurant operators unsure whether they can survive six months into the future. The Fraud Threats Of 2020.

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Fraud Trends Security social media 229

PYMNTS

DECEMBER 16, 2019

In the mobile order-ahead space, consumers are not getting what they ordered – and that doesn’t mean burgers or salads. What consumers really want from mobile ordering is … more mobile ordering. Credit/debit card pilferage is their core trade, so naturally, they’ve latched onto gift cards in a big way.

Mobile 134

Mobile Fraud Cards Survey 134

PYMNTS

AUGUST 24, 2018

Quick-service restaurants (QSRs) are pushing ahead with their digital efforts, with mobile-ahead ordering among the hottest areas for that. But that also brings more opportunity for fraud — and protecting against fraud can often become an afterthought for QSR operators. Low-Hanging Fruit. Mom-and-Pops.

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Fraud Mobile Cards Branding 103

PYMNTS

MAY 28, 2020

Social distancing mandates during the COVID-19 pandemic have advanced banking’s trend toward omnichannel operations. This means FIs and account holders must communicate effectively regarding potential fraud and work together to thwart it. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

Fraud 139

Fraud Mobile Tools Missouri 139

PYMNTS

NOVEMBER 9, 2018

Silver Miller — America’s leading cryptocurrency investor law firm — announced it has filed lawsuits against AT&T and T-Mobile on behalf of crypto asset holders who were allegedly victims of “SIM swapping.” In addition, other Silver Miller clients, who used T-Mobile, were robbed of $400,000 and $250,000.

Mobile 172

Mobile cryptocurrency Fraud Security 172

PYMNTS

JANUARY 3, 2021

T-Mobile has told some customers of a “security incident” in which a malicious party “may have impacted some of your T-Mobile account information.”. T-Mobile began informing customers of the incident on Dec. The breech occurred in December, the site reported, and appeared to affect about 200,000 T-Mobile customers.

Mobile 213

Mobile Data Taxes Security 213

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. Others are getting into the act, and quickly too, including New York City-based mobile store Bandit, various pop-ups and so-called “phantom kitchens” without seating from quick-service restaurants (QSRs) including Wendy’s and Chick-Fil-A.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

OCTOBER 6, 2020

A fact of our new reality that has snapped sharply into focus over the last half year as restaurants of all sizes and descriptions have had to rapidly reset their operations for a world where restaurants were first closed down entirely and, even when they reopened, customers have remained reticent about dining out. Dining has gone digital.

Fraud 195

Fraud Data Mobile Cards 195

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

JANUARY 30, 2020

Virtual credit cards are one of the more flexible electronic payment methods available, and the world continues its steady march toward greater digital payment use. Virtual cards can improve accounts payable (AP) processes, benefiting both buyers and suppliers by streamlining day-to-day payments, and providing greater control over cash flows.

Cards 178

Cards Payments Fraud Capital 178

Banking Exchange

MAY 17, 2021

More than half of consumers have become more concerned about fraud since Covid-19 Risk Management Technology Cyberfraud/ID Theft Operational Risk Feature Feature3 Mobile Tech Management Online Cards Security Checks/Remote Deposit Capture Payments.

Fraud 78

Fraud Risk Management Payments Management 78

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Hak added Shell is bringing to India “our most relevant mobility solutions from across the globe” and the company will continue to enhance product offerings in India. . percent by 2025.

Cards 159

Cards Fraud Operations Management 159

PYMNTS

SEPTEMBER 23, 2020

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering. Germany and the United Kingdom.

Cards 214

Cards Google Regulation cryptocurrency 214

PYMNTS

JANUARY 9, 2020

Edenred is acquiring Mint ’s payroll card portfolio to bolster its leadership in the United Arab Emirates (UAE), Edenred announced Thursday (Jan. Over 1 million people currently use Edenred’s C3 solution and its myC3card mobile application. Edenred’s operations focused mainly on Dubai.

Cards 131

Cards Leadership ATM Maine 131

PYMNTS

SEPTEMBER 7, 2020

In B2B payments, the commercial card has experienced a dramatic spike in adoption this year as organizations accelerated their digital transformations and, unable to physically enter the office, began to rely on electronic payments to conduct their business. Winter Blues. Spring’s SMB Support. Spring began in dramatic fashion.

Cards 246

Cards Tools Capital Payments 246

PYMNTS

SEPTEMBER 19, 2019

The complexity of online and mobile advertising — and the vast sums of money involved — make those areas extremely attractive for criminals. Successful criminals, including those who ply their trade via digital and mobile channels, have certain advantages: flexible morality, of course, is one; another is determination.

Fraud 132

Fraud Payments Online Mobile 132

Abrigo

DECEMBER 17, 2019

The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year. Carding shops offer bulk sales on compromised payment card data. One of the most important links in the chain of e-commerce fraud is the “mule”.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

OCTOBER 16, 2020

Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations. How AI Can Aid In Fraud Detection, Sales. QSRs Leverage AI.

Analytics 273

Analytics Data Fraud Tools 273

PYMNTS

JULY 22, 2019

Apps with a possible security flaw, a malware phishing scheme and possibly, payments fraud, all done in the blink of an eye? WhatsApp has looked closely at this issue, and it’s similar to previous questions about mobile device storage impacting the app ecosystem,” WhatsApp said in a statement.

Fraud 180

Fraud Payments Security System 180

PYMNTS

NOVEMBER 9, 2016

Paula da Silva, head of transaction services at SEB, said in a statement that SEB has plans to include further geographies — besides New York and Stockholm — where the bank operates. But banks aside, credit cards may have no choice but to get into the blockchain game. In fact, the sooner the better for a variety of reasons.

New York 175

New York blockchain Fraud Cards 175

BankBazaar

JUNE 30, 2022

Here’s everything you need to know about Credit Card billing, effective from July 1st, 2022, as defined by the RBI’s guidelines around Credit and Debit Card issuance released in April. These guidelines include new rules around Credit Card closure, billing cycles and so forth. Credit Card Billing Cycle.

Cards 147

Cards Guidelines Payments Operations 147

PYMNTS

APRIL 16, 2020

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. Major shifts are happening in the mobile ordering, QSR and restaurant industries, with dozens of countries and U.S.

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Fraud Chicago Resources Mobile 130

PYMNTS

JANUARY 17, 2020

An uptick in check fraud has financial institutions considering whether they should update methods and stop using checks, according to a report Wednesday (Jan. Check fraud, or the attempt to perpetrate it, has gone up from $8.5 Also, it makes up 60 percent of all attempted fraud against U.S. 15) by The Wall Street Journal.

Fraud 141

Fraud Survey California Resources 141

PYMNTS

NOVEMBER 21, 2018

But even as that basic concept remains in force — and will likely remain in force until pure energy is simply transferred seamlessly into computer-hybrid, not-quite-traditionally human bodies in one potential future — mobile technology is transforming the flow of payments and commerce in the restaurant industry. Still, big challenges remain.

Mobile 174

Mobile Fraud Tools Trends 174

PYMNTS

JANUARY 23, 2020

The January AML/KYC Tracker examines 5AMLD’s significance, as well as other efforts to thwart the fraud attempts challenging the financial sector. Mobile wallet users of India-based FinTech Paytm were recently targeted by scams in which fraudsters falsely claimed that the customers needed to resolve KYC problems. About The Tracker.

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Fraud Security Regulation cryptocurrency 157

PYMNTS

JUNE 30, 2020

Primax has been working with designing and providing services for payment card programs for credit unions for 40 years in the U.S. He said it didn’t have to mean that the physical operations are neglected — rather, that the experience be integrated whenever the physical operations are fully safe again.

Cards 130

Cards Financial Technology Analytics Operations 130

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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Fraud Mobile Examples System 155

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

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

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Fraud United States Regional Cards 116