PYMNTS
JANUARY 24, 2019
Here’s a test: What’s fraud? Those questions also speak to the seemingly impossible tension in the world of payments and new card accounts: how to onboard and authenticate consumers as quickly and seamlessly as possible, while also protecting them and the institution from fraud. Fraud Getting Worse.
PYMNTS
JULY 10, 2019
These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. An unexpected consequence of the retailer race to offer same-day and one-day delivery is increased fraud exposure. Nearly one-third (30.4
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PYMNTS
DECEMBER 13, 2019
Platforms are doubling down on security in the wake of embarrassing data breaches and steady consumer fraud complaints, but it’s a fluid situation. The happier story, by comparison, is payments. Within less than five years, payment platforms will be valued at $154 billion annually, much of that in the travel markets.
PYMNTS
SEPTEMBER 4, 2020
Financial institutions (FIs) had leaned into online considerably before COVID-19, but there remained untapped market potential that took an extra push to access. Fraud Fears, And Loyalty. For example, having been victimized by fraud before makes people reticent and affects usage. By comparison, PYMNTS found that 35.7
FICO
MARCH 10, 2022
I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). Knowledge – something you know (e.g
NCR
AUGUST 7, 2017
As contactless card transactions become increasingly common in markets such as the UK and on public transit globally, it seems inevitable that there will be growing concerns around the potential for fraudsters to exploit this form of payment. million lost to contactless fraud in 2015. percent of total card fraud in the UK.
Abrigo
JULY 14, 2023
For example, say your management and board’s strategy for the upcoming year is to grow the CRE loan portfolio by 10%, and the institution needs to consider expanding into new markets to achieve this goal. Where are the majority of your borrowers and collateral located, and where should the institution concentrate its marketing efforts?
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