PYMNTS

FEBRUARY 10, 2020

She will continue to report to Tom Gandre, executive vice president and chief operating officer. . “As He handled all aspects of payment operations, including strategic planning, innovation and risk management. PSCU said in November that it predicts a rush in 2020 to adopt contactless cards.

Innovation 210

Innovation Leadership Washington Cards 210

Abrigo

DECEMBER 17, 2019

Carding shops offer bulk sales on compromised payment card data. Carding shops are underground marketplaces that traffic in compromised payment card data. These marketplaces facilitate the movement of compromised payment card data from hackers to fraudsters, often across faraway geographies. Fraud Prevention.

Fraud 307

Fraud Tools social media Cards 307

PYMNTS

NOVEMBER 17, 2017

One area of (overlooked) potential lies with credit cards. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways. The hesitation of some banks to issue cards is tied, in part, to the acknowledgement that “a credit card is a complex product in itself.

Community Bank 115

Community Bank Community Cards Lending 115

Banking Exchange

MAY 17, 2021

More than half of consumers have become more concerned about fraud since Covid-19 Risk Management Technology Cyberfraud/ID Theft Operational Risk Feature Feature3 Mobile Tech Management Online Cards Security Checks/Remote Deposit Capture Payments.

Fraud 78

Fraud Risk Management Payments Management 78

PYMNTS

MARCH 25, 2020

That means card portfolios can experience changing returns for financial institutions (FIs). For example, having tools that monitor cardholder behavior and automatically trigger actions that drive faster card activation helps get revenue through the door sooner. In dealing with multiple vendors, FIs often operate less efficiently.

Cards 108

Cards Risk Management Management Strategy 108

PYMNTS

SEPTEMBER 15, 2020

This is a great risk because if you don’t have the proper banking tools to get your funds to maintain your business operations, it can be very dangerous for business.”. That framework can be applied to merchants' payment solution providers, too.

Payments 299

Payments Risk Management Management Compliance 299

Banking Exchange

FEBRUARY 26, 2020

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97

Fraud Big Data Risk Management Compliance 97

Banking Exchange

FEBRUARY 11, 2020

They’re willing to take the chance for the opportunity to net a big score Risk Management Security Online BSA/AML Cards Operational Risk Cyberfraud/ID Theft Feature Feature3.

Risk Management 78

Risk Management Security Cards Operations 78

Banking Exchange

APRIL 8, 2020

Fraudsters are posing as health officials or charity workers in order to cheat people into handing over money Risk Management Technology Customers People Mobile Online Cards Security Operational Risk Cyberfraud/ID Theft Compliance/Regulatory Feature3 Fintech Feature Financial Trends.

Risk Management 78

Risk Management Compliance Trends Fintech 78

Abrigo

SEPTEMBER 7, 2023

Often, those alerts mostly likely are routed to the operations area of the financial institution. Raise your hand about ACH risks. The operations area should communicate with the BSA/AML area if this function is failing. ACH warnings/exceptions matter. Don’t ignore warnings and exceptions generated from the ACH system.

Fraud 221

Fraud Training System Trends 221

PYMNTS

APRIL 12, 2019

“In addition, our continued de-risking of the balance sheet and consistent level of profitability have resulted in capital levels well above our regulatory minimum.”. Credit card transactions hit $18.3 Consumer transactions and auto loans were the main driver of Wells’ Q1 performance. billion. “We

Cards 100

Cards Risk Management Maine America 100

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. Comparing it favorably to the first half of 2019, Feedzai says it closed deals in the U.S., EMEA, Asia and the Pacific and Latin America.

Report 247

Report Fraud Risk Management America 247

PYMNTS

MARCH 18, 2020

And, as Connor stated, getting to a successful – and rewarding – level of monetization involves taking a holistic look at those firms’ operating environments, owning sales and pricing and managing the data and risk that is associated with payments. Connor gave the example of the fundraising space versus the salon industry.

Payments 151

Payments Software Risk Management Data 151

PYMNTS

APRIL 2, 2020

Financial institutions (FIs) face a perennial challenge in their day-to-day operations — convincing customers to use their products and services rather than a competitor’s. Banks can even harness external regulatory, trading and social media engagement data, all of which can be processed and analyzed to benefit their operations.

Analytics 237

Analytics Data Big Data social media 237

PYMNTS

JULY 27, 2020

Davies’ exit comes just four days after the London-based operation announced $80 million in new funding. What a journey in the last year – leadership teams and operations in Ireland, the U.S., Davies is leaving Revolut to take over the Allica Bank, which specializes in lending to businesses, according to the FT.

United States 140

United States Leadership Risk Management California 140

PYMNTS

MAY 5, 2020

TokenAnalyst is shuttering its operations, according to a Medium post. David Olsson will serve as global managing director of European and Asian markets, while Wittney Rachlin will serve as chief growth officer. The TokenAnalyst team said it will no longer support the company’s application programming interfaces (APIs) and platform.

Bitcoin 167

Bitcoin blockchain Leadership Risk Management 167

ABA Community Banking

JANUARY 13, 2019

There are definitely pluses and minuses to both the consumer and the banks in terms of safety and credit Consumer Credit Financial Research Feature Financial Trends Risk Management Security Operational Risk Credit Risk Cyberfraud/ID Theft Feature3 Fintech.

Cards 40

Cards Risk Management Trends Fintech 40

Banking Exchange

OCTOBER 14, 2019

Banks should not learn the wrong lessons, however Payments Technology Risk Management Financial Trends Cards Online Mobile Security Checks/Remote Deposit Capture Tech Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Blockchain Fintech Feature Feature3.

cryptocurrency 60

cryptocurrency Company Risk Management Compliance 60

PYMNTS

MAY 17, 2019

It has created an operating system that helps create and upgrade software applications for financial institutions — much like the way consumer apps get updated on phones. The process can help reduce the money and time for modernization of software for back- and front- office functions like risk management or trading.

Software 134

Software New York Risk Management System 134

FICO

JULY 16, 2019

Shanghai Pudong Development Bank (SPDB) Credit Card Centre (CCC) , one of the leading credit card issuers in China with more than 40 million cards issued, has used FICO® Customer Communication Services (CCS) to boost collections performance while driving down business costs.

Cards 40

Cards Big Data Strategy Risk Management 40

FICO

JULY 16, 2019

Shanghai Pudong Development Bank (SPDB) Credit Card Centre (CCC) , one of the leading credit card issuers in China with more than 40 million cards issued, has used FICO® Customer Communication Services (CCS) to boost collections performance while driving down business costs.

Cards 40

Cards Big Data Strategy Risk Management 40

PYMNTS

JUNE 18, 2020

The technology lets users move money sans routing, banking account or credit card number. VMware Head of Cybersecurity Strategy Tom Kellermann said that extremist groups, beyond organized crime, are known to harness alternative payments infrastructure to fundraise and for “operational purposes.”

Bitcoin 141

Bitcoin blockchain Payments Risk Management 141

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

SEPTEMBER 14, 2018

The group is focused on addressing issues like payments friction and access to cash flow, as well as security and risk management of ACH payments. Launched by AeroFund last year , AeroPay Express offers virtual procurement cards that link payers to a line of credit and vendor management solutions.

Payments 124

Payments Risk Management Tools Groups 124

PYMNTS

NOVEMBER 17, 2020

As we continue to focus on enabling digital payments beyond our traditional Corporate Cards, we are investing in solutions to improve the buyer and supplier experience and help solve common B2B payment-related pain points,” said Daniel Brachfeld , vice president for supply chain solutions at American Express. 16) press release.

Payments 144

Payments User Experience Software Risk Management 144

PYMNTS

SEPTEMBER 13, 2018

Wissema told PYMNTS that prepaid cards can be an effective tool in risk management, as the cards pre-load multiple currencies at pre-determined exchange rates. Wissema told PYMNTS that prepaid cards can be an effective tool in risk management, as the cards pre-load multiple currencies at pre-determined exchange rates.

Payments 100

Payments Risk Management blockchain Management 100

ABA Community Banking

MARCH 18, 2019

Account takeover schemes are rarely limited to physical address alone Feature Duties Compliance Risk Management AML & Fraud Risk Adjusted People Customers Online Cards Security BSA/AML Operational Risk Compliance Management Cyberfraud/ID Theft Compliance/Regulatory Feature3.

Risk Management 40

Risk Management Compliance Fraud Security 40

PYMNTS

OCTOBER 5, 2018

Among recent developments is the addition of PayPal to the sportsbook operated by DraftKings in New Jersey. Card Decline Rates. “At At launch, New Jersey’s legal online casino sites struggled with credit card decline rates exceeding 75 percent,” the report said. Payment availability is making progress, but the effort is slow.

New Jersey 148

New Jersey Payments Online Cards 148

PYMNTS

JANUARY 30, 2017

In a press release, the payment processing company said McHugh will report directly to Pam Joseph, president and chief operating officer of the company. “We McHugh also spent 10 years with Citigroup covering Latin America, including management roles with its credit card division in Brazil. TSYS announced Friday (Jan.

Leadership 100

Leadership Risk Management Cards America 100

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 register online via risk management-enabled forms that confirm the approval criteria to streamline onboarding, the company noted.

Risk Management 100

Risk Management Online Cards Company 100

PYMNTS

MARCH 13, 2019

million GAAP operating loss (compared to $9.1 The company also struck a partnership with JPMorgan after launching Coupa Pay to strengthen its position in the B2B payments space and enabling the company to link its business customers to virtual cards for supplier payments. Total revenues were pegged at $74.9 million (up from $8.7

Leadership 116

Leadership Risk Management Management Company 116

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 You want to be able to manage credit for the lifecycle of the user,” Jha said. Fighting Fraud in a Post-Pandemic World.

Fraud 274

Fraud Management Risk Management Company 274

PYMNTS

MAY 2, 2016

In his position as Vice President of Global Risk Management for TNS , Umer Ayub understands this reality firsthand. At TNS, this includes managing compliance with regulatory requirements, such as PCI standards, card scheme rules and SSAE16 reports.

Risk Management 100

Risk Management Compliance Management Meeting 100

PYMNTS

FEBRUARY 27, 2019

The February Faster Payments Tracker , powered by Fiserv , examines the latest instant payment solutions around the globe, as well as how companies are tapping them to support supply chains and other operations. Around the Faster Payments World. New initiatives are also rising in the U.S., Deep Dive: Security in the Time of Faster Payments.

Nebraska 144

Nebraska Risk Management Apple Payments 144

PYMNTS

SEPTEMBER 9, 2019

Settling the tens of thousands of claims and paying out those funds to all the consumers and businesses who need them will present a series of operational challenges over the next several weeks and even months, Ingo Money EVP and CPO Lisa McFarland told PYMNTS in a recent conversation.

Payments 171

Payments Industry Cards United States 171

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JUNE 25, 2020

Optimizing payment channels to pay vendors is one example in which an organization using paper checks may need to consider commercial card and virtual card adoption to not only ensure accounts payable (AP) can continue to operate while working from home, but also to elevate spend strategy by taking advantage of capital float and card program rebate.

Strategy 151

Strategy Management Tools Cards 151