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.

Fraud 116

Fraud United States Regional Cards 116

FICO

APRIL 29, 2022

There’s a lot going on in the retail payments space – defined as transactions between two consumers, between consumers and businesses, or between two businesses. With any change, fraud comes hand-in-hand. All these evolutions mean a changing landscape for retail fraud and scam trends.

Fraud 52

Fraud Retail Payments cryptocurrency 52

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. Around The Next-Gen Debit World.

Security 182

Security Fraud ATM Cards 182

PYMNTS

JANUARY 4, 2019

It’s no surprise that payments fraud is on the rise. Juniper Research , for example, has estimated that retailers will lose as much as $130 billion in card-not-present (CNP) fraud through 2023 — as tech gets more complex and transactions are done across borders. Thus, she had banking and credit card information.

Fraud 158

Fraud North Carolina Payments Minneapolis 158

PYMNTS

JANUARY 15, 2021

The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL entry. Some countries are catalyzing this growth through national mandates rather than leaving retailers to their own devices. Retail Environment.

Retail 207

Retail Security Payments United States 207

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

Retail 120

Retail Marketing United States Fraud 120

PYMNTS

DECEMBER 27, 2019

In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online spending. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. Retail sales hit record highs this holiday season, thanks to massive growth in online spending, which was up 18.8

Retail 130

Retail Payments blockchain United States 130

PYMNTS

OCTOBER 20, 2020

This shift in buying behavior is likely here to stay, too, leading more customers to use card-based payments to complete their purchases when shopping online. This is the focus of Understanding Frictions In Credit Card Transactions: How Transaction Disputes And Declines Impact Merchants’ Reputations, a PYMNTS and PAAY collaboration.

Survey 214

Survey Data United States Cards 214

PYMNTS

MARCH 15, 2019

Connected commerce is among the hottest trends in retail, and not just for streaming or ridesharing or online gaming services, but for subscription purchases, too. In fact, according to new PYMNTS research, digital services are expanding in the United States and in markets around the world. Consumer Communication.

Retail 146

Retail Payments Cards United States 146

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

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank Is Doing to Drive Virtual Card Adoption. Accounts payable (AP) professionals and vendors still have reservations about adopting virtual cards despite their many benefits.

Cards 131

Cards Technology social media Meeting 131

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. And according the the Atlanta-based building supplies retailer, that flaw is putting both customers and retailers at risk.

Retail 100

Retail Cards Data Atlanta 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.

Cards 187

Cards Security United States Technology 187

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.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

FICO

DECEMBER 19, 2018

As far as industry predictions go, perhaps surprisingly, one of mine actually came true: “ 2018 will be the beginning of the end for physical credit cards. However, their functionality will become even more omnipresent in our lives as more cards migrate to consumers’ mobile phones.”. Will Fewer Cash Transactions Result in More Fraud?

Fraud 80

Fraud Payments Mobile Cards 80

PYMNTS

DECEMBER 3, 2019

These bad actors often take advantage of the chaos to steal credit cards, scam merchants and wreak other types of retail havoc. This type of fraud covers for cybercriminals by tricking unsuspecting consumers into believing that they have landed lucrative work opportunities when they are actually participating in criminal enterprises.

Fraud 134

Fraud New York City social media United States 134

PYMNTS

JULY 26, 2017

Developers can literally come in, sign up and start building a card product,” said Gardner. The typical way of building a card product, by going to a bank and leveraging that bank’s platform, need no longer be the norm.

Cards 125

Cards System United States Payments 125

PYMNTS

JUNE 30, 2017

FIS, the financial services technology, and Cardtronics, the ATM owner/operator, announced Thursday (June 29) plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States. With the technology, consumers can access their funds and authorize how much to withdraw without needing a physical card.

ATM 117

ATM Technology United States Security 117

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.

Fraud 231

Fraud Security Payments United States 231

PYMNTS

DECEMBER 12, 2017

Our fraud capabilities have advanced so that signatures are no longer necessary to fight fraud. American Express is using advanced machine learning algorithms to detect fraud and, at the same time, minimize the disruption to the cardholder and his or her spending.

United States 119

United States Fraud Policies Cards 119

Celent Banking

NOVEMBER 26, 2014

Usually, during the Autumn season, I make a few trips to the United States for conferences and client visits. All the data breaches at retailers, from Target to K-Mart Sears, have spooked the market and stirred it into action. During my brief shopping break I wanted to pay with my UK-issued chip card.

US 170

US Las Vegas San Antonio Cards 170

PYMNTS

MAY 10, 2018

After nearly three years, the transition to EMV in the United States still has its challenges. When the chip technology was mandated for the United States,” Riley said, “it really put a huge damper on the sales and integration of integrated cash registers that we had been familiar with for the last couple decades.”. “So,

National 130

National System United States Fraud 130

PYMNTS

OCTOBER 25, 2017

With many shoppers in Mexico wary of credit card fraud and relying mostly on cash, Amazon has launched a new cash payment service in the country. Amazon debuted its Mexico-based site two years ago and is now the country’s third-largest online retailer. and only slightly above Walmex ’s online revenues.

Marketing 124

Marketing United States Online Retail 124

PYMNTS

FEBRUARY 14, 2019

14), CNBC reported that JPMorgan Chase will be rolling out the first cryptocurrency on offer from a major bank based in the United States. The use of crypto in international payments will be among the first real-world use cases done with a bank – and will be centered on institutional use (rather than sold to retail customers).

cryptocurrency 140

cryptocurrency blockchain Bitcoin United States 140

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe has announced that Stripe Terminal , a set of SDKs, APIs, and pre-certified card readers that lets users accept in-person payments, is now available all over the United States.

San Francisco 100

San Francisco Fraud United States Google 100

PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Stripe has announced that Stripe Terminal , a set of SDKs, APIs, and pre-certified card readers that lets users accept in-person payments, is now available all over the United States.

San Francisco 100

San Francisco Fraud United States Google 100

Gonzobanker

SEPTEMBER 14, 2023

It’s sort of like asking Taylor Swift to give up singing to take a job handling financial fraud instead. In doing so, Bank of New Hampshire is leading a trend in the United States on an important issue. According to an American Banker article (subscription required), it takes 400 years for a debit card to degrade.

How To 109

How To New Hampshire Oklahoma Fintech 109

PYMNTS

FEBRUARY 27, 2020

The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks. SMBs in the United Kingdom are also seeking easier ways to accept payments.

Cards 142

Cards United States Security Payments 142

PYMNTS

MAY 28, 2019

The company integrated GO-PAY into the GO-JEK app, which lets customers store money on their mobile phones, much like a digital debit card. billion – of funds were lost to card fraud in 2018, up from $1.4 Smartphones contributed one trillion dollars to overall retail sales in the United States during 2018.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

FEBRUARY 23, 2018

Prime members with the Amazon Prime Rewards Visa Signature credit card will be rewarded with 5 percent cash back at Whole Foods, and the Prime program will also soon be the rewards program for all of Whole Foods. to receive their food in an hour. News reports this week indicate that in Texas and the rest of the U.S., The net result?

Retail 116

Retail America Course United States 116

PYMNTS

JUNE 6, 2019

14 deadline to put more stringent fraud decisioning processes in place, with strong customer authentication guidelines taking effect. As noted in this space previously, merchants can apply for a variety of SCA exemptions, the most prevalent of which are the fraud rate exemptions. For example, transactions under €30 ($33.93

Fraud 180

Fraud Exercises Regulation Study 180

PYMNTS

MARCH 30, 2016

Cybersecurity firm FireEye warns of the dangers that custom-built malware poses to retailers due to its ability to capture payment card details directly from retail point-of-sale (POS) systems. In the world of POS threats, there has been a rise in both underground offerings, as well as new malware found in active use.

United States 100

United States Retail Cards Technology 100

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

JULY 24, 2018

It’s a striking difference: A new Visa study has found that digital accounts for 38 percent of consumer retail purchases, but when it comes to small- and medium-sized businesses (SMBs), only 15 percent of their sales are conducted via eCommerce. Take parking and hours, for instance. The sense of division continues in the digital age.

Study 125

Study Retail United States Online 125

PYMNTS

MARCH 26, 2019

The United States Supreme Court has rejected an appeal by online shoe company Zappos over a data breach in 2012 that compromised the information of 24 million customers, according to a report from Reuters. Originally, a Nevada judge claimed only people who had suffered financial loss were eligible for damages. The 9th U.S.

Nevada 124

Nevada United States Data California 124