PYMNTS

DECEMBER 4, 2020

Mastercard Intros Mobilized Virtual Cards; Defines Intersection Between Functionality And Security. The virtual card offers a strong value proposition for corporates in the form of enhanced security and control over spend. But without support for mobile wallets, v-card adoption can lag. Top Trackers And Reports.

Cards 151

Cards Data Mobile Survey 151

PYMNTS

MARCH 11, 2020

B2B FinTechs are once again showing off the versatility of the corporate card. While QuickBooks is piloting card payments on invoices powered by PayPal , Airwallex is readying the launch of its own corporate card — both physical and virtual — designed to enable cross-border payments. QuickBooks Adds Card Payment Support.

Cards 130

Cards Capital Fintech Tools 130

PYMNTS

AUGUST 18, 2017

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Security 131

Security Fraud Analytics Tools 131

PYMNTS

OCTOBER 19, 2018

And the farmer who uses drones to help monitor operations – yet may not be able (or might not know how) to take steps needed to secure his or her server – is rendered vulnerable. Despite the advent of chip technology in credit cards, which has improved security, bad actors continually look to circumvent systems in place.

Study 191

Study Security Survey Data 191

PYMNTS

JANUARY 22, 2021

Westlake has already sent several million dollars over the RTP network during the pandemic, according to Westlake’s Director of Accounting Operations Raul Alvarez. As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. Contingency Planning.

Security 141

Security Fraud Tools Customer Experience 141

PYMNTS

DECEMBER 12, 2019

For folks we work with who have implemented mobile order-ahead or eGift cards, or loyalty, or any other element of an app-based business, I can guarantee they have all felt the sting of fraud,” he said. “I eGift cards offer an interesting instructional case for a fraud-fighting strategy. A Complex Field Of Factors .

Security 132

Security Fraud Cards Data 132

PYMNTS

JANUARY 22, 2019

Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Yet, the “fundamental problem number one,” according to Stuppy, is that QSRs, for the most part, don’t know what they don’t know about online security.

How To 144

How To Fraud Online Mobile 144

PYMNTS

OCTOBER 6, 2020

Keeping customers' digital payment data safe and secure is a critical part of doing business in the digital economy, and following Payment Card Industry (PCI) compliance guidelines is an effective way for firms to accomplish this. Carlson pointed to HealPay’s over-the-phone card payment compliance offerings as an example.

Compliance 178

Compliance Meeting Payments Cards 178

PYMNTS

SEPTEMBER 17, 2020

Students will be able to use their own currencies to pay through Mastercard credit or debit cards. Our client schools and their student families around the world trust Mastercard for convenient and secure payments,” said Massaro in the release.

Payments 315

Payments Guidelines Security Cards 315

PYMNTS

MAY 17, 2017

Commercial cards are tricky. While they may be instrumental in helping companies manage cash when their employees travel for work, commercial cards aren’t the top payment rail of choice for suppliers, so companies often pay invoices another way. But depending on how the commercial card is used, these figures vary greatly.

Cards 108

Cards Analysis Data Compliance 108

PYMNTS

JANUARY 22, 2019

Maybe one day, quick-service restaurant ( QSR ) operators will look back upon 2019 as their cramming experience when it comes to digital security and fraud prevention. Yet, the “fundamental problem number one,” according to Stuppy, is that QSRs, for the most part, don’t know what they don’t know about online security.

How To 108

How To Fraud Mobile Online 108

PYMNTS

DECEMBER 23, 2020

The teenager with a Fortnite habit who manages to clean out Dad’s checking account via the debit card linked to the gaming account. The company offers FDIC-insured bank accounts and a Visa -branded payment cards for teens (aged 13-18) with budgeting features and other financial education tools built in. We don't take that lightly.

Fintech 322

Fintech Cards FDIC Lending 322

BankBazaar

NOVEMBER 13, 2019

We also leave no stone unturned when it comes to providing them a financially-secure future, so that they can manage well on their own when they leave the nest. But instead of leaving our investments in their name, what if we actually help them become more self-sufficient by teaching them how to invest ? Poor Knowledge=Bad Advice.

How To 110

How To Policies Cards Marketing 110

NCR

JANUARY 23, 2017

The past year has provided more sobering examples of just how big a threat cyber criminals and fraudsters pose to all industries, particularly financial services. Human action remains the largest threat to bank security. The weakest link in mobile banking security? ” How to keep up with evolving threats. .

Security 40

Security How To Fraud Mobile 40

PYMNTS

APRIL 9, 2020

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. They claimed to have birthdates, credit card information and national insurance numbers and demanded the $6 million payment.

Report 279

Report Groups Data Cards 279

PYMNTS

NOVEMBER 16, 2020

It will be fully operational starting Monday (Nov. Keys can be the user's social security number, mobile phone number, or email address, providing a level of security and identification above the SITRAF rails. But as far as that migration being a threat to credits cards, Kavakama said he doesn’t see that happening.

Payments 328

Payments System Cards Fraud 328

PYMNTS

JANUARY 21, 2021

The healthcare industry continues to be on high alert and many hospitals are operating increasingly close to maximum capacity. That said, even through the winter surge and rise in COVID-19 cases, Colabella said practices are still open, and have learned how to operate safely under these circumstances.

System 250

System Payments Cards Industry 250

PYMNTS

JUNE 25, 2018

With so much money up for grabs, it may come as a surprise that startups often struggle to get approved for a credit card, even after a lucrative funding round. Though a startup could secure millions in venture capital funding, it could still take years to turn a profit. “They have systems in place that have worked for decades.

Cards 130

Cards Software Capital Management 130

PYMNTS

NOVEMBER 6, 2018

PCI compliance is vitally important for businesses that process credit cards. The standards put forth by the PCI Security Standards Council – the PCI Data Security Standards – offer a framework for ensuring data security, and they must be followed in order to avoid fines and other penalties. Gearing up for GDPR.

Compliance 179

Compliance Data Security eBook 179

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Massive financial losses can destabilize their operations, impact profitability, and harm their reputation. billion in fraud losses in 2022.

Fraud 195

Fraud cryptocurrency Training social media 195

PYMNTS

DECEMBER 9, 2019

Carrying enough cash to cover those many needs is often a security risk, though, and drivers who lack the appropriate spending tools could see their delivery schedules veer off track if they have to search for specific retailers that will accept their payment methods. She still prefers cash, but EMV cards provide her with additional options.

Cards 163

Cards Tools Operations Payments 163

PYMNTS

MARCH 28, 2018

The problem with these solutions is that they’re delivered by foreign mobile operators, which makes them expensive, costing participants around 10 percent of the transaction value. Then there’s the problem of closed-loop systems: To accept money on multiple platforms, Cooke said, sellers are swapping out multiple SIM cards in their phones.

How To 104

How To Taxes Regional Mobile 104

PYMNTS

NOVEMBER 17, 2020

Telecommunications companies face a number of challenges in their day-to-day operations, however. The scheme revolves around the SIM card, a tiny device in every cellphone that tells the phone the network to which it should connect and which phone number to use. These processes are there for a reason, tedious though they may be.

Fraud 267

Fraud Company social media Cards 267

PYMNTS

OCTOBER 4, 2019

That raises several questions for financial institutions (FIs), FinTech firms and payment service providers as they figure out how to best navigate this changing world. As reported, Global Payments is the third-largest merchant acquirer in the United States, while TSYS is the third-largest card processor in the country. Basic Question.

Payments 176

Payments Cards Trends Fintech 176

PYMNTS

SEPTEMBER 11, 2018

RiskIQ, the security firm, told outlets on Tuesday (Sept. 11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. Last week, British Airways announced that it was hit by a customer data breach on its website and mobile app, affecting around 380,000 card payments. 21 to Sept.

Data 187

Data Cards Groups Security 187

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud. It's that easy.”.

Fraud 178

Fraud US Mobile Las Vegas 178

PYMNTS

JUNE 17, 2019

As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. However, digital platforms face a major barrier in delivering these experiences: poor fraud detection. For digital platforms, fraud represents a two-headed beast. According to PYMNTS’ research, 60.8

Fraud 117

Fraud How To Payments Survey 117

Abrigo

JANUARY 24, 2024

A second fraud management and prevention consideration for credit unions is that FedNow will operate around the clock every day of the year. For example, an ATM scheme that operated through July 2023 targeted credit unions in six states, stealing nearly $6 million. How to accept, reject, or accept without posting.

Fraud 221

Fraud Payments Software Policies 221

FICO

JANUARY 22, 2021

But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Exactly how big credit card fraud is depends on where you look. Credit card fraud was the FTC’s second most-reported fraud type in 2019.

Fraud 52

Fraud Cards Trends Report 52

PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. In just two of the most popular ‘carding’ forums, 1.2

Study 124

Study Online Course Cards 124

PYMNTS

JUNE 19, 2019

To stay competitive, many CUs are turning to data analytics to improve their operations in a number of areas, such as faster transactions and improved security. The training covers a variety of topics, including how to spot dementia in elderly customers and identify signs of financial exploitation. percent from the year prior.

Analytics 131

Analytics Video blockchain Training 131

PYMNTS

APRIL 25, 2016

Of course, we have the quarterly numbers, too, including insight into how American Express’ commercial card business is holding up. billion worth of purchases went through Amex commercial cards in 2016’s Q1, American Express said in its latest quarterly earnings report. It’s all below in our weekly B2B Data Digest. . .

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Castle, founded in 2015, said it has raised $9.2 Account Takeover Growth.

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

SEPTEMBER 29, 2020

Buyers need swift, convenient ways to transact with their vendors, and many are turning to virtual card payments. This has led some buyers to pursue secure digital methods when handling their … (B2B) payments.”. Speed, convenience, security. That leads to operational inefficiencies that set CFOs’ teeth grinding.

Tools 166

Tools Payments Security Survey 166

PYMNTS

JUNE 26, 2020

Introducing open banking principles has not been without friction, however, with banks and consumers concerned over how this sea change will affect FIs’ daily operations. They were exploring] how to educate people better [about] managing and spending money and bring them back into the financial system as good payers.”.

System 198

System Data Security Examples 198

MyBankTracker

JULY 23, 2020

Much like personal credit cards, you can be stuck with a tough decision choosing a business credit card. You may have to consider the rewards program or the card’s perks that may help your business operations. credit card issuers and banks offer very attractive choices (not surprising). The major U.S.

Cards 52

Cards New Jersey Connecticut San Antonio 52

PYMNTS

JULY 7, 2020

Digitizing operations tops the list of merchant imperatives, but getting there can be a struggle — especially when it comes to digitizing the checkout experience for a post-pandemic age. Those types of technology initiatives are increasingly being adopted by businesses of all sizes, said Park, across card-not-present (CNP) transactions.

Video 284

Video Tools Mobile Online 284