Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

PYMNTS

MARCH 1, 2020

Small- to medium-sized businesses (SMBs) were duped by salespeople from American Express (AmEx) who reportedly misrepresented card rewards and fees in an effort to close more approvals, according to a report from The Wall Street Journal (WSJ) Sunday (March 1). Customers could also use their Costco-branded cards at other merchants.

Report 151

Report Cards Policies Risk Management 151

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Mr. Watkins indicated that the CFPB’s no-action letter policy may also be subject to review by the Bureau.

Policies 60

Policies Lending Data Online 60

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Fraud-fighting recommendations. Illustration by Cnythzl/iStock. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. How Did the Pandemic Change Fraud? Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Management Data Compliance 52

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. Climate-related risk. Peer-to-peer fraud.

Compliance 100

Compliance FDIC Community Bank Community 100

Jack Henry

APRIL 30, 2014

Cyber-Attacks on Financial Institutions ATM and Card Authorization Systems. In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks.

Fraud 88

Fraud Cyber Security ATM FDIC 88

CFPB Monitor

NOVEMBER 22, 2022

Incumbent non-banks are short-term credit providers such as pawn shops and title lenders, specialized installment lenders, such as captive finance companies, non-bank mortgage lenders, money transmitters, and card networks. This includes IDIs acting as lenders in bank/fintech partnerships.

Fintech 78

Fintech Report Data Lending 78

Celent Banking

APRIL 18, 2016

Digital Payments and Cards. Cash Management and Trade Finance. Security, Fraud, and Risk Management. Vietnam Bank For Social Policies, Vietnam. Standard Chartered Bank, Korea. Bank of America Merrill Lynch, US. RBC, Canada. Corporate Payments and Infrastructure Modernization. Bank of China, China.

US 100

US Case Study Risk Management America 100

FICO

FEBRUARY 25, 2019

After a 2018 that had its highs and lows, what might 2019 have in store from a credit risk management standpoint? Per figure 1 below, the shift in odds-to-score for bankcard originations has generally been a parallel one, indicating a systemic shift in risk across the board. Growth in Application Fraud Scoring Solutions.

Trends 63

Trends Fraud Data National 63

Gonzobanker

DECEMBER 14, 2023

November alone had $8B in BNPL volume and Affirm has managed to come back from the Fintech Winter with a bang. In addition, it has has opened more than 400,000 debit cards and is opening as many as 75,000 per month, creating a whole other disruption risk we need to discuss. The Bank Regulator Working for Merchants Award!

Fintech 194

Fintech Community Regional Technology 194

Independent Banker

NOVEMBER 25, 2015

It also exposes banks to risk because they are left to bear fraud-related losses, including card-not-present transactions, card reissuance and the cost of security upgrades such as the chip/EMV card-security technology to the tune of billions every year. These insights emulate relationship banking.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

MARCH 4, 2020

The biggest news from the commercial card world this week came from American Express, which is facing allegations that it mistreated small business customers to hike card approval numbers. According to Bloomberg reports this week, American Express is the largest commercial card issuer on the planet, with a market value of $92 billion.

Cards 141

Cards Google Management Fintech 141

Independent Banker

DECEMBER 31, 2021

Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. David Fura, SVP, head of card payments, FIS. In fact, 16.5% Ponce Bank in Bronx, N.Y.,

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

JULY 24, 2017

A married couple who owns a house together will have both parties named on the homeowner’s insurance policy. It also reduces operating costs and the potential for check fraud. Once Fiserv realized this, it rolled out additional APIs and widgets to push payments direct-to-debit cards and direct-to-bank accounts.

Payments 101

Payments Mobile Marketing Examples 101

CB Insights

JULY 20, 2017

Cybersecurity unicorns in this category include Zscaler , which provides tools to automate compliance, and the aforementioned Lookout , with a product called Lookout App Security Review which enables customers to analyze app data collection capabilities and assess compliance with customer data protection policies.

Security 30

Security Company Compliance Marketing 30

CB Insights

NOVEMBER 2, 2017

Over 143 million Americans will be at risk of financial fraud for years following the Equifax cybersecurity breach, while an estimated 3 million Wells Fargo customers unknowingly had their digital identity stolen to open fraudulent trading accounts. RegTech Trends. Today, solutions are complementing existing workflow.

Compliance 72

Compliance Regulation blockchain Software 72

Gonzobanker

SEPTEMBER 28, 2015

While at first glance a bank may see no immediate fraud issue with such a breach, let’s look at an example of what can be done with this type of data. If your policy is to call customers to verify wire transfers, make sure calls are logged electronically in order to provide a paper trail. Adjust your employee training.

Examples 60

Examples Security Meeting Policies 60

FICO

MARCH 26, 2018

In many financial institutions, different products and/or channels are often managed by different teams. For fraud management, this means the people managing card fraud are not engaged in managing ACH payment fraud, and the person worrying about customer experience is not the person awake at night with fraud worries.

Fraud 86

Fraud Management Strategy Analytics 86

Gonzobanker

DECEMBER 17, 2021

Based on a clearly defined strategy, this team has established a dedicated fintech group that offers services ranging from BaaS to sponsoring card issuance and lending, to providing crypto services, to offering niche partnerships to the gaming industry. Has it worked? 82% to over 2.3% We aren’t talking just Bitcoin or Ethereum.

Fintech 142

Fintech Strategy Leadership Lending 142

FluentBanking

APRIL 18, 2020

The Institute will indicate the name of examination centre and Roll Number of the candidate in the Admit Card. The Admit Cards of the candidates of Dhaka city will be sent by the Institute to the Local Office/Zonal Office/Regional Office/Administration Department of the Head Office of their respective bank/financial institution.

Regulation 52

Regulation Case Study Security Management 52

Jeff For Banks

OCTOBER 24, 2014

We have seen several restless Fed governors, who keep dissenting to the Fed’s statements on policy to keep rates low for a “considerable time.” We are just getting over Home Depot’s admission of 60 million credit and debit card numbers being stolen over the course of months, eclipsing Target’s data breach. No system is sacred anymore.

Philadelphia 84

Philadelphia Conference California US 84

PYMNTS

OCTOBER 12, 2017

SecurityScorecard , the risk management firm whose platform helps provide security ratings, said Thursday that it raised $27.5 Yampolskiy said that those announcements created lots of anxiety, because there was no way to tell if those firms had the proper data protection policies in place. million in Series C funding.

Security 164

Security Risk Management Data Capital 164

Fintech Labs Insights

JULY 16, 2015

BehavioSec’s BehavioMobile offers fraud detection by monitoring device rhythm and interaction patterns that are unique to each end user. Dynamics’ Next Generation Payment Cards crack a 30-year lack of card innovation by embedding a full computer architecture inside a payments card.

Company 12

Company Mobile Software Big Data 12

PYMNTS

APRIL 26, 2016

For Amtrak, the decision to offer eCommerce and eTicket options to passengers required the supported of authentication technology, which has ultimately helped the company reduce fraud and increase approvals. Of course, adopting new technology also means taking on a whole new set of risks.

Security 100

Security Fraud Course Online 100

FICO

JANUARY 5, 2023

Policy Predictions for Financial Services Companies. I suspect Yogi would be disappointed to know that after many years of writing a year-end public policy predictions blog post, I am no longer aware of my batting average. Four 2023 U.S. FICO Admin. Tue, 07/02/2019 - 02:45. by Daniel Nestel. VP, Government Relations.

Policies 52

Policies Company Regulation Risk Management 52

Fintech Labs Insights

SEPTEMBER 1, 2015

Ethoca provides collaboration-based technology solutions that close the information gap between card issuers and commerce merchants. Euronovate is a leading company in digital transformation and biometric identity management solutions. InforcePRO is the only end-to-end post-sale life insurance policy software solution.

Company 12

Company Software Analytics Mobile 12