PYMNTS

OCTOBER 5, 2016

Today, accounts payable firm MineralTree announced a collaboration with Visa with a goal of helping corporates pay their suppliers by virtual card. But the commercial card is hardly the most preferred method of payment for suppliers, and that fact could mean adoption challenges for MineralTree and Visa’s new tool. Buyer Control.

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Cards Payments Tools Risk Management 183

Abrigo

APRIL 25, 2024

Financial institutions can consider this information to benchmark trends at their own institution and to evaluate plans. Banks and credit unions that do not evolve their lending capabilities face higher operating expenses and are at higher risk of suffering increasing loss rates. 1 appeared first on Abrigo.

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PYMNTS

OCTOBER 1, 2020

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. In June, Visa signed an acquisition agreement with Verifi.

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Fraud Los Angeles Idaho Risk Management 183

PYMNTS

JUNE 22, 2020

Bad actors, are, increasingly, targeting online card applications, using stolen personally identifiable information to apply for credit, leveraging those ill-gotten credit lines to make fraudulent purchases. database that includes virtually all new (and past) card applications from Visa issuers. alone topped $10.2

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Fraud Cards Risk Management Customer Experience 193

FICO

JUNE 23, 2020

When assessing the success of a strategy, whether it is related to limit management, collections or another decision, issuers will use a variety of data both internal and external. In this post I am discussing credit cards, but this principle is the same for all products. That’s where benchmark data can be extremely valuable.

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Management Cards Data Strategy 52

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive. Powering A Fast Pivot.

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Fraud Risk Management Security Cards 201

CFPB Monitor

SEPTEMBER 9, 2019

The CFPB’s fourth biennial report on the credit card market was issued at the end of August. The Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act) requires the CFPB to perform periodic market reviews.

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Cards Report Marketing Leadership 60

PYMNTS

MAY 4, 2020

Three common forms of fraud that can threaten credit unions (CUs) are check fraud, card fraud and automated clearing house (ACH) fraud, and fraudsters often deploy phishing emails to deceive and defraud customers. This increase illustrates fraudsters’ efforts to leverage pandemic-related information to manipulate consumers.

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Analytics Data Security San Diego 141

Abrigo

SEPTEMBER 20, 2023

FinCEN said this was done with little to no risk management program. The credit union was not reviewing 314(a) requests, not conducting independent testing, and could not provide regulators with a meaningful risk assessment. The revenue generated from this relationship made up over 90% of the credit union's annual income.

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Compliance Regulation Miami Fraud 150

PYMNTS

MAY 27, 2020

Fraudsters seek to fly under the radar by stealing information through one channel that they then use to execute ATOs or other attacks. Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. Read the full story in the Playbook.

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Fraud How To Analysis Strategy 245

FICO

JANUARY 12, 2022

I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. At the heart of any fraud management operation is the question: What fraud detection technologies and techniques will best work for the business?

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Fraud Technology Management Trends 52

PYMNTS

NOVEMBER 10, 2020

PSCU , which is billed as the nation's premier credit union service organization (CUSO), has announced its new Enhanced Fraud Services system, which the company said “has helped 10 early adopter credit unions combat fraud of all types, ranging from first-party chargeback fraud to identifying card information being sold on the dark web.”.

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Fraud Virginia Florida Risk Management 151

Abrigo

SEPTEMBER 13, 2021

FDIC) released the latest Quarterly Banking Profile recently, and it has some helpful information on industry trends. Bank numbers While the number of FDIC-insured and -supervised institutions continues to dwindle, the assets that they manage does not and continues the upward trend, ending at $22.8 Portfolio Risk & CECL.

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South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience.

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Conference Las Vegas Fraud Case Study 221

PYMNTS

JULY 23, 2019

Their agreement will pull more than 200 evaluation criteria within the Supplier Risk tool to strengthen SAP Ariba’s ability to asses potential supply chain threats, disruptions and vendor risk exposures. Vendor risk is becoming an increasingly integral part of the supply chain management process, according to analysts.

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Data Risk Management Analytics Survey 119

PYMNTS

JULY 8, 2020

The two executives said acquirers need to have better fraud management solutions than ever before, because the pandemic has prompted consumers to use credit cards for more online and app-based transactions. “We AI Also Helps Manage Credit Risk. You want to be able to manage credit for the lifecycle of the user,” Jha said.

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FICO

MARCH 25, 2022

While it may seem like an esoteric topic, explainability in fraud management is important – and it’s especially relevant when it comes to using AI and machine learning in fraud detection and prevention. In other words, a fraud management system isn’t a black box. In other words, a fraud management system isn’t a black box.

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Fraud Management System Course 52

PYMNTS

OCTOBER 25, 2017

There are different levels of fraud management an organization can implement, from completely in-house to completely outsourced. But for a company planning to build an internal team to manage and prevent fraud 24/7, it’s important to understand the value and limitations of this approach.

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Fraud Management Tools Analytics 101

PYMNTS

APRIL 2, 2020

“If you buy a car and you happen to have a partner in the household, then within nine months, that partner will [likely] want a new car as well,” Tony Hildesheim, Redwood’s chief information officer, told PYMNTS in an interview. “If If the husband buys a truck, the wife’s going to want a new Volvo.”.

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PYMNTS

JUNE 23, 2017

The companies said Thursday (June 22) that they are partnering to enhance credit risk solutions for lenders, with LexisNexis now integrating Cortera data into its Risk Solutions platform.

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Data Payments Analytics Comparison 136

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

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Study Online Course Cards 124

PYMNTS

SEPTEMBER 24, 2020

At a high level, the same consumers whose day jobs are to manage a company’s payments and financial controls have become accustomed to the seamless and highly personalized commerce opportunities that are available in their daily lives. Those executives will expect improved risk management services from their banks.

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Payments Data Fintech User Experience 237

PYMNTS

OCTOBER 10, 2016

Travel and expense management firm Concur has added new features to its solution empowering employers to gain a new level of transparency over where their employees are while on business trips. The new features will integrate into its risk management tool, Concur Messaging. Reports on Friday (Oct. Reports on Friday (Oct.

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Tools Risk Management Management Study 100

PYMNTS

NOVEMBER 7, 2018

Management pointed to tightening credit standards even as rising rates helped boost results, trends that are likely to continue. In addition, he said that borrowers are attracted to the platform as they can find savings “versus their credit cards where interest rates have risen to their highest levels in a decade.”.

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Taxes Management Risk Management Capital 159

FICO

JUNE 1, 2023

Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards. Credit card lenders are not only dealing with higher loss forecasts in 2023.

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Trends Industry US Cards 52

FICO

APRIL 15, 2021

Our February data reflects another month in lockdown and government support, with falling average spend, lower general card and cash usage and decreasing delinquency rates. Spend on UK cards decreased along with the percentage of payments. Card limits remain stable, but the average amount over-limit continues increasing.

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Cards Report Data Payments 52

PYMNTS

NOVEMBER 12, 2019

To that end, PSCU said last month that it has chosen NICE Actimize to modernize disputes management with the latter’s ActOne Extend — billed as an automated, artificial intelligence (AI)-powered investigations and case management platform. The machines classify that information so it can be used intelligently. “It’s

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Fraud Payments Management Data 145

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. In terms of information and data sharing, “We’ve seen the pendulum swing,” said Julie.

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Fraud Management Data Compliance 52

Abrigo

FEBRUARY 27, 2020

They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Abrigo Credit Consultant John Millman said that when institutions use multiple, unconnected systems, staff must repeatedly enter the same information.

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Lending Survey Data System 243

PYMNTS

SEPTEMBER 22, 2016

In a press release , the company said that it removed a barrier for acquirers and ISOs by simplifying the option to add ACH and Remote Deposit Capture for new and existing card merchants. Merchants that score below the automated acceptance criteria set by the bank will be prompted to provide additional information, still in paperless form.

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Risk Management Online Cards Company 100

FICO

MARCH 10, 2021

Our latest analysis of UK card trends for January 2021 highlights a mixed – and perhaps confusing – picture of UK consumer finances. Other contributing factors are that more card issuers are offering forbearance measures and a larger proportion of borrowers are able to support their debt due to nearly a year of more limited spending.

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Cards Trends Payments Data 52

FICO

DECEMBER 4, 2019

Our latest review of UK card trends shows that 2-cycle balances continue to grow, which raises several concerns. In this post, I’ll review some of the metrics for UK “Classic” cardholders (excluding Premium and Student cards), break these down by vintage, and offer some thoughts on what issuers should do. .

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Trends Cards Customer Experience Regulation 52

CFPB Monitor

AUGUST 29, 2016

The CFPB announced that it has entered into a consent order with First National Bank of Omaha to settle charges that the bank engaged in unfair or deceptive acts or practices in connection with the marketing and sale of credit card add-on products and the billing of consumers for such products.

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Cards Omaha Policies Compliance 84

Gonzobanker

APRIL 28, 2016

They aren’t necessarily sexy or cool, but cockroaches are extremely efficient and manage to thrive even in harsh environments. appraisal management) and reporting. Jeanine the manager listens in on phone calls occasionally to make sure staff is being nice to people. What banks are setting the benchmark of success? Cockroaches.

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Regulation Management Community Bank System 60

PYMNTS

JULY 2, 2020

Maybe the card has expired. If it’s a debit card, bank account or prepaid card, maybe there aren’t enough funds available for the purchase. The rise of card-not-present (CNP) transactions in the age of the coronavirus, said Magats, can be likened to India’s demonetization efforts that began in 2016 to rid the country of cash.

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Cards Online Payments Course 228

PYMNTS

DECEMBER 8, 2020

Panelists joining PYMNTS CEO Karen Webster included Ingo Money CEO Drew Edwards ; Wells Fargo Senior Vice President, Head of Global Payables, Treasury Management Michelle Ziolkowski ; and J.P. Morgan Managing Director Industry Head for Public Sector Treasury Services, Wholesale Payments Eva Robinson. Headaches, Everywhere.

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Payments Fraud Taxes Tools 183

PYMNTS

APRIL 20, 2017

Payments and risk management solutions provider Verifi, which specializes in serving CNP merchants, just recently announced the launch of a new platform that aims to improve efficiency and cut down on unnecessary chargebacks and fraudulent claims.

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Fraud Risk Management Customer Experience Management 108