PYMNTS

APRIL 19, 2016

Since the cutover to EMV in October, fraudsters have moved their business online. The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Each Index includes a metric which quantifies the rate of fraud attempts on U.S. Are they up?

Fraud 100

Fraud Online Trends Regional 100

PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.

America 248

America Regional Fraud Mobile 248

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

Fraud 196

Fraud Digital Banking Delaware Tools 196

PYMNTS

MAY 8, 2020

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. And, she added, for merchants that already had an online presence, there’s been a marked volume swing.

Cards 260

Cards Fraud Online Operations 260

PYMNTS

APRIL 6, 2020

And as of today, fraudsters find themselves in extraordinary times as people are online en masse working from home and shopping due to the coronavirus pandemic. Flattening the Fraud Curve. This is a once-in-a-lifetime target-rich environment for fraudsters,” said U.S. Stopping the Fake Phone Calls.

Fraud 199

Fraud US Cards Data 199

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible.

Cards 141

Cards Payments Security Fraud 141

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

FICO

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The appeal of these banking innovations has also made it a honeypot for fraud. Saxon Shirley.

Fraud 52

Fraud Payments Survey Security 52

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

Fraud 52

Fraud Cards Analytics System 52

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. Two major Austrian card issuers are also using the technology. Together with Entersekt , we deliver a PSD2-compliant, highly secure online payment process that is decidedly user-friendly.”.

Security 214

Security Payments Cards Fraud 214

PYMNTS

DECEMBER 14, 2020

Payment service provider PayFort , which is based in the Middle East and North Africa (MENA) region, has changed its name to Amazon Payment Services, a letter from Managing Director Omar Soudodi stated, and it will now offer installment payments. In June, PayFort debuted its #StartUpStayUp initiative for Middle Eastern small businesses.

Payments 199

Payments Fraud Video Regional 199

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. First-party fraud losses - including true name and synthetic identity fraud - can peak to 10 times the size of third party fraud.

Fraud 72

Fraud Regional US Cards 72

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. Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region.

Fraud 158

Fraud blockchain System Cards 158

PYMNTS

JUNE 15, 2017

Can data make all the difference in the fight against payments fraud? The discussion played off the findings of a new whitepaper from the firm titled, “Driving Up Conversion with Effective Fraud Management.”. What works in preventing payments fraud at a large airline or telco system may not be germane for an electronics retailer.

Fraud 115

Fraud Data Tools Management 115

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

Fraud 52

Fraud Cards Millennials Utah 52

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

Online 98

Online Company Retail Payments 98

PYMNTS

DECEMBER 12, 2019

Players in the sharing economy must contend with an increasingly complex online payments ecosystem as they move into new regions and attract participants to their platforms. Fraud, Payment Regulations Are Affecting Seamless Payments. Renters pay upon booking trips, and owners receive their payments once trips have begun.

Payments 137

Payments Fraud Regulation Innovation 137

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

Fraud 100

Fraud Security Retail Mobile 100

PYMNTS

OCTOBER 24, 2018

Fewer consumers use physical currency when making purchases, and are instead turning to more modern, digital methods of payment, particularly when making purchases online with debit cards. Fraud is a huge consideration for us,” Bonkowski said. The Future of Fraud Protection. and around the globe.

Fraud 166

Fraud Cards Online Data 166

PYMNTS

JUNE 18, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, announced this week that it’s expanding its geographical footprint and establishing new offices in regions of interest, which has included strategic hires and reappointments. This means that existing customers can also benefit.

Regional 128

Regional Fraud System Tools 128

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. Consumers are heading online for fast and seamless shopping experiences, even when purchasing big-ticket items like cars.

Fraud 231

Fraud Security Payments United States 231

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. In the UK, Action Fraud reported several hundreds of cases of people receiving emails claiming to be from the NHS, offering them a vaccine passport, prompting them to click on a link and input their personal and financial details. Related scams have also been on the rise.

Fraud 52

Fraud Management Data Trends 52

PYMNTS

MARCH 3, 2020

Mobile and online banking’s prevalence has reduced physical branches’ importance, but these brick-and-mortar establishments are still vital to customers’ financial lives. Alabama-based Regions Bank deployed advanced ATMs as part of its digital push, replacing human tellers at many of its drive-thrus. Digital-First Banking’s Advantages.

ATM 151

ATM Fraud Study Regional 151

FICO

APRIL 16, 2019

Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. These were identified as the two key concerns, as well as the biggest challenges to stopping fraud in 2019. Over 50 percent of global online retail sales in 2018 originated from the region.

Fraud 40

Fraud Survey Regional Cards 40

PYMNTS

MARCH 25, 2020

That means card portfolios can experience changing returns for financial institutions (FIs). For example, having tools that monitor cardholder behavior and automatically trigger actions that drive faster card activation helps get revenue through the door sooner. Cardholders’ behavior may shift on a dime.

Cards 108

Cards Risk Management Management Strategy 108

PYMNTS

MARCH 11, 2016

MPD CEO Karen Webster recently hosted a live digital discussion with Martin Schrimpff, Co-Founder of PayU , during which they addressed the necessity for a unique approach to payments in the region, and how to turn challenges into opportunities across the continent. What’s the difference between a revolving balance and a credit card?

America 100

America Payments Fraud Case Study 100

PYMNTS

APRIL 30, 2019

PSD2 will change – indeed is changing – online commerce in Europe and beyond. Some verticals, such as online travel companies, will be impacted more visibly, and perhaps earlier, than other niches, he said. a password), something they possess (e.g., a phone) or something they are (e.g., a fingerprint). Sea Change for Travel Firms.

Fraud 171

Fraud Online Cards Payments 171

PYMNTS

APRIL 29, 2020

Gary Sevounts, chief marketing officer at eCommerce-focused fraud management and identity verification solutions provider Kount, recently discussed this issue with PYMNTS. Fraudsters are leveling up attacks to take advantage of the rise of online shopping and so businesses must be extra vigilant.

Online 192

Online Payments Report Fraud 192

PYMNTS

APRIL 18, 2019

The PSD2 -related regulation counts itself among a raft of those set to become law across the continent, focusing on boosting online commerce security by requiring cardholders to provide two forms of identification to verify their identities when transacting. A September to Remember. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

FEBRUARY 27, 2018

27) at the Mobile World Congress that Flipkart, the Indian online grocer, is the first merchant in the Asia Pacific region to roll out Mastercard Digital Enablement Services for Merchants. That removes any chance of fraud, Mastercard said in the press release. Mastercard, the payments company, announced Tuesday (Feb.

Security 100

Security Cards Customer Experience Regional 100

PYMNTS

MARCH 5, 2019

Expectations can differ from region to region regarding timing of payments, taxes, currencies, regulatory differences – and we look at all of those variables.”. She stated, too, that a fraud detection team is tasked with watching for and preventing account takeovers. Drilling Down Into Online Payments.

Regional 148

Regional Mobile Security Fraud 148

FICO

AUGUST 6, 2018

Fraud departments must juggle fighting financial crime with providing customers with an excellent experience – at the same time they must improve efficiency and drive down costs. What they do when fraud and security causes inconvenience. What the fraud department can do to improve customer satisfaction.

Policies 45

Policies Fraud Security Survey 45

PYMNTS

SEPTEMBER 30, 2019

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. The new service is being featured at the Mastercard Cybersecurity Summit in Croatia from Sept.

Boston 177

Boston Security System Cards 177

PYMNTS

JUNE 22, 2017

When most people picture the kinds of fraud and theft eCommerce had a tendency to attract, the popular mental image is of a fairly high-tech enterprise — hackers, crackers and data jackers vacuuming up card information en masse and either selling it to the highest bidder or using it to snag themselves some unearned lucre.

Online 134

Online Fraud Retail Survey 134

PYMNTS

OCTOBER 22, 2018

And New England isn’t the only place enjoying the autumn chill as it sets in — although we are perhaps enjoying it more colorfully with the region’s famed foliage. Gift Cards’ New Unfavorable Fans. In fact, they have favored brands, with iTunes and Google Play cards popular favorites.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

MARCH 8, 2017

7), Bluefin Payment Systems announced its new partnership with international online payments and fraud and data management solutions provider First Atlantic Commerce (FAC). And in order to devalue their card data in the POS and make it useless to hackers, all merchants worldwide need technologies such as PCI-validated P2PE.

Marketing 101

Marketing Payments Regional Security 101

PYMNTS

MARCH 7, 2019

While these regulations are aimed at increasing consumer trust by allowing them more transparency, many consumers in the region are still adjusting. Concerns from consumers outside the EU on how data is handled are growing as well, though many continue to have concerns regarding fraud. Just 53 percent of customers in the U.K.

Lending 198

Lending Regulation Regional Data 198