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Fighting Fraud In The New Normal

PYMNTS

While there is no shortage of new things in the world to get used to these days, cybercrime and fraud are, unfortunately, not among them. The good news, both Srinivasan and Awad told PYMNTS, is that while fraud attempts are up among U.S. consumers, fraud losses are not, yet. million pounds out of the unwitting. The New Normal.

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New Cloud-Based Card-Issuing System Aims To Standardize Payments Security

PYMNTS

According to a press release , Sigma provides “a secure, cloud-based, direct-to-card ID desktop issuance solution.”. The Entrust website describes the company as “the leader in credit card production systems.” As for the nation’s credit card industry , some lenders have tightened credit lines while others are introducing new cards.

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Biometrics Changes Tempt eCommerce Companies As Fraud Defense

PYMNTS

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” Consumers know it as the fingerprint or facial recognition on credit cards.

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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. It is essential right now that businesses take measures to protect themselves against fraud.

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Deep Dive: Using AI To Solve The $4.2T Fraud Problem

PYMNTS

Many organizations are thus tapping into advanced, unsupervised learning technologies — which provide opportunities to reduce financial fraud as detection becomes smarter and machine learning more robust — like artificial intelligence (AI) for assistance. The High Costs Of Fraud . A recent study found that 60.8

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Streamline the User Experience with Mobile Carrier Data

ZootBlog

This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. We covered everything from pain points to fraud and compliance and best practices to manage it all. That is a staggering statistic clearly pointing to a poor user experience.

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Keeping On-Demand Professional Services Fraud-Free

PYMNTS

These platforms must ensure that all parties are trustworthy, putting them in precarious positions as they work to build their user bases without alienating either side with their anti-fraud measures. . It’s a matter of figuring out how you put in place the right balance to maintain a seamless customer experience.” .

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