PYMNTS

DECEMBER 8, 2020

As the holiday shopping season kicks into high gear amid an unprecedented pandemic-era surge in online shopping, banks and merchants are bracing for an associated spike in fraud , disputes and chargebacks. Fighting Friendly Fraud. For every $1 in legitimate fraud, there is $13 in transaction value that is falsely declined,” he said.

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PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

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CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

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PYMNTS

NOVEMBER 11, 2019

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. How Zillow Co mbats Real Estate Fraud. Deep Dive: Can Video KYC Solve FIs Remote Onboarding Woes? Around The AML/KYC World.

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Video Fraud Compliance Security 161

PYMNTS

NOVEMBER 15, 2016

Kaltura , an video platform for the OTT TV (Over the Top TV), OVP (Online Video Platform), EdVP (Education Video Platform) and EVP (Enterprise Video Platform) markets, announced an integration with commerce platform Stripe to increase revenues for OTT players.

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PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

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Technology Report Fraud Study 208

PYMNTS

DECEMBER 14, 2020

The company was already Amazon -owned, and Soudodi said in the letter that the new name signals the company will still be a "highly secure online payment service that is easy-to-use and seamlessly integrable," but will now have the benefit of Amazon's global reach and other high-tech benefits.

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PYMNTS

JULY 11, 2019

Consumers can now get alerted to someone ringing their doorbell miles away and view video of the visitor, and can measure heart rate and steps taken daily through smartwatches. They can also see where a child or partner is using a shared credit card in real time and can even restrict usage at establishments deemed off-limits.

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Cards Mobile Retail Fraud 122

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

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Fraud Cards Data Tools 138

Abrigo

JANUARY 3, 2024

FIs must certify that the BOI will be held securely and that the FI has received approval from the reporting entity to access their ownership details. FinCEN is conducting outreach to educate businesses by holding national briefings and issuing fact sheets, Q&A, and videos. Beginning Feb. financial system and our global reputation.

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Fraud Regulation Report Compliance 221

FICO

APRIL 7, 2022

This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection. Make alerts to suspected fraud fast and appropriate.

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PYMNTS

JULY 7, 2020

Amid the offerings for the portal: a marketing content library, featuring product flyers, presentations and sales enablement materials; co-branded creative material; and a video library that includes the latest videos that highlight customer success stories and product overviews.

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Video Tools Mobile Online 284

FICO

NOVEMBER 21, 2018

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

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Fraud ATM Cards Online 76

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. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

JANUARY 28, 2019

And last week in payments and commerce was particularly drizzly — between real money launderers making use of fake video game funds, regulatory fines and earning fumbles, all kinds of players were reaching for their umbrellas over the course of the week. Capital One ’s further reprots domestic card loans increased 8 percent or $5.8

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PYMNTS

SEPTEMBER 11, 2019

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of the use of text as a communication tool. Fraud Trends. Actors usually get around 70 percent of the face value of the card in bitcoin.”.

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PYMNTS

JANUARY 6, 2017

It never takes long for cybercriminals to find new avenues to perpetrate fraud. Fraud On The Line. The victim would send the iTunes card codes to the scammers, which gave them access to the money. In the past, India wasn’t known for large-scale fraud, but that is changing. Ad Fraud Takes Center Stage.

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Video Fraud Security social media 133

FICO

DECEMBER 3, 2018

In this continuation of my recent video interview with Jesse Gossman , — a police detective in South Florida, Certified Fraud Examiner, and president of the counter-fraud consulting group Bottom Line Fraud — we discuss how synthetic identity fraud is perpetrated, how the synthetic identities are created, and why they look so real.

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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. Accessibility of Deep Fake Technologies.

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PYMNTS

JULY 14, 2016

Payments security is usually not a wellspring for belly laughs. In June, the company said that it is launching the next phase of its Security Pays initiative , which traces its genesis to August of last year and, at present, includes more than 1,000 of Vantiv’s partners around the United States.

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Security Payments United States Samsung 100

PYMNTS

NOVEMBER 26, 2019

Synchrony Financial said a message was erroneously sent to customers about an Amazon.com card and that a data breach had not occurred, according to a report by Reuters. Amazon has also been under fire for privacy issues related to its data practices regarding the Ring video doorbell. On Monday (Nov. Synchrony said it was a mistake. “We

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PYMNTS

NOVEMBER 22, 2019

In one recent event that grabbed headlines, video game developer Valve Corp. In an announcement late last month, Valve said “nearly all” trading of the keys was “believed to be fraud-sourced.”. The Economist noted that the announcement is a “rare admission of the growing problem of using video games to facilitate financial crime.”.

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Online Video Fraud Analytics 176

PYMNTS

AUGUST 12, 2019

News came last week that Facebook is trying to get into the video streaming subscription business and attempt to steal market share from YouTube and Amazon. This is the first time Facebook is trying to sell subscriptions directly to users without an intermediary, indicating eagerness to enter the video streaming business.

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Retail Video Security Software 118

PYMNTS

DECEMBER 16, 2020

The topic was front and center in an On the Agenda discussion with PYMNTS CEO Karen Webster, Ethoca CEO Andre Edelbrock , Cabela’s and Bass Pro Shops Senior Manager of Fraud and Investigations Keith Thompson and First National Bank of Omaha Director of Fraud Management Steve Furlong. The Scope Of The Problem. So, too, are data.

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PYMNTS

OCTOBER 26, 2020

million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue. On P2P marketplace Paxful , traders are selling up to $16.2

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Bitcoin cryptocurrency blockchain Video 169

South State Correspondent

FEBRUARY 14, 2022

Businesses and households that need an inventory, valuation, repair, or risk tracking (fraud, theft, etc.) Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data. Banks will have the scale, security, and sophistication to be a trusted guardian of this information.

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blockchain cryptocurrency Data Payments 195

Qudos Bank

FEBRUARY 15, 2024

Knowing how to store your money and personal belongings in safe, secure, and oftentimes clever places could help you avoid the common travel risks of petty theft, robbery, or ATM tampering. It also includes complimentary membership as a Qantas Frequent Flyer – allowing you to earn Qantas points * with every eligible card purchase.

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How To ATM Taxes Cards 52

PYMNTS

NOVEMBER 4, 2016

From a person’s payment information to their mother’s maiden name, hackers have everything they need to pose a legitimate customers and keep perpetrating fraud. Identity data is the critical currency for perpetrating online fraud. But the latest item on the “things hackers love” list seems to be smart lightbulbs.

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Data Cards Retail Security 100

PYMNTS

OCTOBER 11, 2019

Customers can use credit cards or cash or go completely cashierless with Grabango’s payment app. In the abovementioned reports of French supermarkets exploring automation, the need for increased security was emphasized. Fraudsters could use stolen credit cards to place orders, then collect the items to keep or sell. percent).

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Retail Study Minnesota Video 117

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

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FICO

JULY 10, 2020

With this uptick in usage leaving many wondering just how secure this payment method is, I thought it was important to answer some commonly asked questions. Simply hover a compatible card or smartphone payment option, like Apple Pay or Samsung Pay, close to the card reader until it acknowledges payment, often with an accompanying beep.

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Payments Fraud Samsung Security 52

Independent Banker

OCTOBER 31, 2022

We do thousands of video banker transactions every year. These can be used as ATMs but also offer video banker service,” Versluys says. “We We do thousands of video banker transactions every year. By expanding its video teller machine (VTM) fleet, it efficiently provides extended banking hours to customers.

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Banking Trends Retail Trends Community Bank 151

PYMNTS

OCTOBER 18, 2019

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

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Fraud Security social media Tools 106

PYMNTS

NOVEMBER 15, 2019

S urvey found that banking customers are increasingly placing a higher value on convenience, personal data security and appealing products. ATMs have become more advanced in recent years, offering unprecedented convenience and security with cameras, passcodes and biometric fingerprint and retina scanners.

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PYMNTS

NOVEMBER 10, 2020

announced a partnership with Crypto.com’s end-to-end crypto ecosystem, which consists of a Visa crypto debit card and a wallet app to buy and sell crypto and earn cash-back rewards in crypto form. Crypto has been held up by critics as a conduit to fraud and money laundering. Back in May, i2c Inc.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

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Analytics Data Fraud Tools 116

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

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Company New York City Fraud Retail 102