PYMNTS

JUNE 19, 2018

Fraud has no choice but to roll with the punches, and the flurries are enough to daze a boxer as skilled as Ali. Get a toehold in a consumer’s account with a card and whammo, here comes EMV. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. Pity the poor fraudster.

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Fraud Analytics Online Cards 138

PYMNTS

NOVEMBER 30, 2017

Fraudsters have been making their lists and checking them twice, and it’s not going to make for a very happy holiday for retailers. We are expecting an all-out assault this holiday season,” Kothari told Karen Webster in a recent episode of the Global Fraud Index podcast series – and the assault is going to hit in some unexpected places.

Fraud 106

Fraud Regional Retail Branding 106

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions.

Fraud 52

Fraud Data Survey Regional 52

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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Fraud Cards Retail Security 131

PYMNTS

JANUARY 19, 2021

With so many retail stores closing, they need to be able to provide a way to sell D2C wherever those consumers are online.”. That’s especially urgent, he said, given the increased eCommerce Scalefast is seeing in corridors connecting firms and customers in North America and Europe, in Latin America and the Asia-Pacific (APAC) region.

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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.

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America Regional Fraud Mobile 248

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. shoppers made 72.7

Cards 141

Cards Payments Security Fraud 141

PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., The card giant said that, as of July of this year, 88 percent of its U.S.-based based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct. 1 of last year.

Fraud 100

Fraud Cards Customer Experience Regional 100

PYMNTS

MARCH 11, 2020

The account offers a Sesame Cash debit card, partnering with Mastercard as its card network. Global Payments: Taking a Localized Approach to Fighting Fraud. In this month’s AML/KYC Tracker, Sketcher discusses why global fraud-fighting requires a more local, personalized approach. and new openings scheduled.

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Payments Fraud Regional Digital Banking 140

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. That was fine for eCommerce firms that already were transacting in bits and bytes. Gearing Up For Fraudsters.

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Cards Fraud Online Operations 260

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.

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Fraud Data Tools Management 115

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

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Fraud Technology social media Innovation 52

FICO

JUNE 17, 2021

Surely, not all of these mechanisms are as secure as each other, so there is a relationship between payment methods and fraud risk. In years gone by, our option was simple – which card do we use? Trusted cards. The Options. When presented with the above list, it is easy to be overwhelmed, as I was. New schemes.

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Fraud Payments Retail Cards 52

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

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.

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Cards Security United States Technology 187

PYMNTS

SEPTEMBER 24, 2020

But as merchants and issuers look to enter new markets, including the Asia Pacific region (APAC), they must be mindful of the challenges posed by fraudsters. At the same time, online businesses actually invested less in fraud prevention tools as their general budgets tightened due to external pressures. People are desperate.

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Mobile Management Fraud Training 245

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

Fraud 52

Fraud Groups Analytics Compliance 52

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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Fraud Cards Millennials Utah 52

PYMNTS

APRIL 19, 2016

The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.

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Fraud Online Trends Regional 100

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime. Carding” is also a fraudster favorite, according to the report.

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America cryptocurrency Regional ATM 217

PYMNTS

OCTOBER 28, 2016

Payment security and IoT technology remain an ongoing concern for credit card and smartphone companies, for example, as they explore innovative ways to protect sensitive customer data from cybercriminals. Meanwhile, credit card giant Mastercard anticipates launching a selfie payment service in European marketplaces in 2017.

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Fraud Security Retail Samsung 100

PYMNTS

SEPTEMBER 13, 2016

EMV adoption is well on its way one year after the introduction of chip-enabled cards, and more adopters will jump on for the ride following Mastercard’s press release on Sept. Mastercard reports that banks, consumers and merchants are all experiencing a positive impact and a drop in fraud from the use of chip cards.

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Data Fraud Regional Cards 100

PYMNTS

SEPTEMBER 29, 2020

Consumers around the globe have moved their purchasing online during the pandemic, and those in the Middle East and North Africa (MENA) region are no exception. The region’s financial institutions (FIs) and merchants have needed to work swiftly to support unprecedented levels of digital payment and shopping growth.

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Payments Regulation Online Retail 172

PYMNTS

NOVEMBER 1, 2017

Most of those gains, however, were lost later in the day following Mastercard’s separate announcement of a potential regulatory fine from the European Commission over its inter-regional interchange fees. billion Mastercard and Maestro-branded cards worldwide. directly to their debit cards. Earnings per share came in at $1.34

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Retail Cards Security Branding 112

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

MAY 30, 2016

It’s also a good theme for taking a look at the news of last week, namely MasterCard fueling a robot-inspired automated restaurant future, Wells Fargo mobilizing payments and a communal approach to preventing payments fraud. Sharing data is the first step toward true fraud prevention , he emphasized. MasterCard Automates With Pepper.

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Retail Fraud Mobile Data 100

PYMNTS

FEBRUARY 17, 2020

Consider the fact that the World Bank has estimated only 55 percent of adults in the Latin America and Caribbean regions have access to bank accounts. The cards themselves need to be tokenized. With a nod toward tokenization, Bobadilla said, “The issuers are finding out that they need to include that kind of service.”

America 250

America Cards Mobile Regional 250

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

SEPTEMBER 19, 2016

For example, what happens to the CEO of a big bank that gets caught red-handed engaging in consumer fraud? Will anything ever excite millennials about credit cards? EMV’s Win — Against Cloned-Card Fraud. Cards are also becoming an increasingly ubiquitous part of consumers’ lives. Elizabeth Warren. 1 of last year.

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Millennials Cards Fraud Online 100

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.

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Data Fraud Cards Regulation 134

PYMNTS

MARCH 13, 2020

Amazon is making its “Go” concept available to other retailers who have an interest in its “Just Walk Out” technology. The retailer is reportedly in discussions with other merchants and is said to have multiple inked arrangements with clients whose names are not known. Seattle has become one of the regions of the U.S.

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Seattle Payments Retail Meeting 231

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. Fraud prevention tools. Virtual card issuance. Business lending and corporate cards. Broadly enabling online commerce. rate per transaction.

Online 98

Online Company Retail Payments 98

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. The Deep Dive examines the various fraud schemes threatening these apps as well as how providers are working to strike back.

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Fraud Security Payments United States 231

PYMNTS

SEPTEMBER 26, 2018

25) from Verizon Communications, full compliance with the PCI DSS (short for Payment Card Industry Data Security Standard) dropped last year, the first decline seen in six years. The study noted that there are some regional differences, as 77.8 percent of firms in the Asia Pacific region were fully PCI compliant, far outpacing the 46.4

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Compliance Regional America Survey 134

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

FICO

AUGUST 30, 2018

This is a guest blog from Jonathan Williams , an expert in payments, identity and fraud prevention, working for advisory firm Mk2 Consulting. In July, the European Banking Authority (EBA) published their guidelines for reporting fraud under Payment Services Directive 2 (PSD2).

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Fraud Report Guidelines Conference 40

PYMNTS

APRIL 23, 2020

As detailed in that same study, titled “ Payments 2022 : How Platforms Will Use Payments to Transform Global Economies,” 61 percent of the 250 respondents said false positives were a concern, 39 percent cited cost of fraud as a problem, and 14 percent pointed to issuer declines as a top friction factor. Revenue Optimization. Issuance, Too.

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Payments Online Cards United States 184