PYMNTS

AUGUST 30, 2019

Today in the payments news roundup, travel technology firm Amadeus is teaming with Visa’s CyberSource to bolster anti-fraud measures for the industry. Some of the restaurants have joined a movement with a popular social media hashtag of #logout. Amadeus Taps Visa’s CyberSource For SCA Compliance.

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social media Payments Fraud Taxes 101

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

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Fraud Groups Analytics Compliance 52

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

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PYMNTS

SEPTEMBER 25, 2020

HSBC To Staff: Stay Off Bank’s Social Media Accounts . The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept. The 233,000 global staffers of HSBC Holdings Plc were told to remain off the bank’s social media sites on Monday (Sept.

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Maine social media Atlanta Massachusetts 153

FICO

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud.

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Fraud Groups Analytics Compliance 52

FICO

DECEMBER 20, 2022

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

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PYMNTS

APRIL 27, 2020

billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired. This type of strategy also allows FIs to implement digital technologies at more measured paces.

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Digital Banking Tools social media Mobile 248

Gonzobanker

AUGUST 17, 2022

Thankfully, there was still a smartphone and social media to commiserate. Then, bad grades came in right as summer party season kicked off, mom and dad took away the car and credit card, and the Venmo transfers came to a screeching halt.

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Fintech Lending Software Compliance 184

PYMNTS

SEPTEMBER 16, 2019

In other news this past week, Google agreed to pay a $548 million fine in France to settle a fiscal fraud probe that stretches back four years. Senate panel on efforts by social media firms to remove violent content from online platforms, the panel said in a statement. GDPR Compliance Lacking.

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social media Google Taxes Arkansas 122

PYMNTS

NOVEMBER 22, 2019

President Barack Obama is warning about the potential negative impact that technology can have on society. President Barack Obama is warning about the potential negative impact technology can have on society. Moving Issuers — And Auth Rates — Past Fraud Prevention To Revenue Protection. Former U.S.

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South Dakota Apple Taxes Cards 101

PYMNTS

JANUARY 1, 2021

In other news, Miami Mayor Francis Suarez, a nonstop social media cheerleader for the notion of building a high-tech ecosystem in South Florida, publicly embraced exploring using cryptocurrency to store some government financial reserves and blockchain to secure processes such as online voting. AMBCrypto reported Wednesday (Dec.

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Miami Bitcoin cryptocurrency Florida 201

PYMNTS

JULY 16, 2019

Platforms facilitating these transactions must foster trust between property owners and renters if they want to be successful, but creating that confidence requires protecting both parties against fraud and bad actors. Marketplace Abuse. Platforms should instead assess the provided data by cross-referencing it against several other sources.

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social media Security Fraud Strategy 145

PYMNTS

OCTOBER 18, 2019

In the United States, according to some sources such as Javelin , more than one million children were victimized by identity theft — and the fraud costs their families more than $540 million. When we talk about fraud, whatever kind it is,” he told Webster, “we often talk about susceptibility.” Well, it can take years to discover.

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Fraud Security social media Tools 106

CFPB Monitor

JUNE 26, 2022

Similarly, the Federal Trade Commission reports that older adults account for 35 percent of the victims associated with filed fraud reports when a consumer has provided an age. All of these risks have been exacerbated by the COVID-19 pandemic. billion in 2019 to $3.4 billion in 2020. Theft and Scams. SARs and Other Outreach to Combat EFE.

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social media Fraud Resources United States 78

PYMNTS

NOVEMBER 16, 2018

All the data submitted and left behind online by users serves to give software ever-more information about how specific consumers browse, shop, buy, pay and transact (all of which go a long way to helping prevent fraud, of course). percent of banks have genuine artificial intelligence systems in place. That’s the promise.

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Fraud United States Data Technology 108

PYMNTS

FEBRUARY 21, 2020

As a result, understanding whether a contract is in compliance, and how to compensate that payer, can be a maze of complexity and uncertainty. Rather than managing individual payments, however, Head pointed to the opportunity for automated technology to enable standardized processes that can bring efficiency to the payments process.

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Payments social media Management Examples 163

FICO

FEBRUARY 1, 2017

Funnily enough, this scene parallels the problems discussed at a FICO roundtable on ‘How to Fight Auto Loan Fraud’ held this week at the AFSA Vehicle Finance Conference & Expo. The misuse of SSNs from children and the elderly was also seen as a growing loophole for fraud and abuse.

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Fraud Analytics social media Data 40

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. A quarter of all losses to payment fraud is under £100. And what can banks do?

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Fraud social media Examples Regulation 52

PYMNTS

MAY 5, 2019

The New York Times , citing three people with knowledge of the talks, reported that while the five FTC commissioners agreed months ago to fine Facebook a record amount, they can’t agree on how much and how severe the punishment should be for the social media giant.

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PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. I saw this emerging need that our technology could address in a way that no one else was doing. JB: Generally, people underestimate how long widespread consumer adoption of new technology can take.

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Innovation System Mobile Trends 145

PYMNTS

SEPTEMBER 30, 2020

Regulators as well as finance and technology experts are scrutinizing where digital information is held, and one recent survey found that eight out of 10 IT professionals in the UAE believe storing sensitive information locally is either “somewhat” or “very important.”. 1 to adjust their standards in compliance.

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Regulation Data Regional Examples 175

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. However, Silsby says technology also can free up time for employees to have more meaningful interactions. Use social media to build trust. Be authentic.

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Community Community Bank social media Security 139

Social Assurance

JULY 20, 2017

Why Millennials Need Banking Security and Compliance. Technology and networking apps have made my life easier than ever. This is why Millennials and Gen X-ers like me are some of the highest people at risk for financial theft and fraud. So, how can your financial organization protect your customers though social networking?

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Millennials Compliance social media Security 21

PYMNTS

MARCH 31, 2020

The necessity of such regulations is undeniable, however, as lagging data standards leave businesses and consumers open to fraud and boost frustration regarding the speed of digital transactions. Many smaller merchants are relying on their banking partners for GDPR compliance and have thus kept up with the rule. Fragmentation in U.S.

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Regulation Data US Washington 154

PYMNTS

MARCH 11, 2016

GIACT Systems’ co-founder and Chief Technology Officer Merlin Bise says the use of smart data in real-time is key to overcoming the onboarding stumbling blocks many companies are facing. “In So how can companies strike the balance between ensuring customer acquisition processes are not just efficient, but also frictionless and secure?

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Data Customer Experience social media Fraud 100

PYMNTS

MAY 24, 2018

According to Ultan O’Carroll, assistant commissioner and technology advisor of Ireland’s Data Protection Commissioner (DPC), these companies could still fall under scrutiny by data protection authorities (DPAs), the regional agencies charged with reviewing GDPR compliance. Heavy fines could be levied in the severest cases. In the U.S.,

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Data Compliance social media Operations 100

FICO

JULY 7, 2020

While we’ve seen it take some unexpected turns, like the surge of pet adoption scams , where criminals prey on the desire to adopt a furry friend while under quarantine, there are other kinds of fraud that we have come to know and expect from criminals. At FICO, part of our core mission is to keep people safe from fraud. Fake Profiles.

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social media Resources Fraud Examples 97

NCR

MAY 22, 2017

But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud. Big data has been one of the tech industry’s most popular buzzwords for a few years now.

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Big Data Data social media Fraud 85

PYMNTS

OCTOBER 2, 2018

Technology that enables consumers to control their data as they shop, pay and perform other tasks online. Users of the technology could use apps that are based on the Solid technology, which are reportedly a work in progress. This is how people, Berners-Lee says, will take back the power of the web from corporations.”.

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Data Online Google social media 189

FICO

JUNE 22, 2017

JP Morgan’s fine highlights the broader problem that many global banks had been facing, which was ignoring the warning signings of fraud and money laundering. This tool demonstrates AI’s transformative benefits in anti-money laundering (AML) and fraud detection. billion in 2014. This post originally appeared on the SIIA blog.

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Tools Compliance Innovation social media 55

PYMNTS

SEPTEMBER 13, 2020

TikTok ’s “sale-or-no-sale” negotiations are coming down to the wire as the Chinese-based social-media app tries to control its own fate in the face of President Donald Trump’s threats to ban its U.S. operations as early as Tuesday (Sept. operations banned than sold on the president’s terms. Trump Shuts TikTok Down in America.

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Apple America Google Video 168

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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Fintech Community Regional Technology 194

PYMNTS

MAY 6, 2016

FedEx CrossBorder , the recently rebranded BONGO business unit, is all about helping merchants make the most of the cross-border opportunity – and to enable payment for goods purchased while staying on the right side of fraud, risk, tax, and regulatory and legal compliance. How FedEx CrossBorder Works.

Fraud 100

Fraud Taxes Online social media 100

Social Assurance

JULY 20, 2017

[av_heading tag=’h3′ padding=’10’ heading=’Why Millennials Need Banking Security and Compliance’ color=’custom-color-heading’ style=” custom_font=’#8b0022′ size=” subheading_active=” subheading_size=’15’ custom_class=”][/av_heading].

Millennials 12

Millennials Compliance Security social media 12

PYMNTS

JULY 15, 2016

” Compliance. While there are solutions to help businesses identify or avoid employee fraud, one startup, Behavox , is providing employee management solutions to ensure financial services companies remain compliant. The funding was led by Hoxton Ventures and Promus Ventures, based in London and Chicago, respectively.

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social media Management Analytics Capital 100

PYMNTS

DECEMBER 14, 2018

It is an appropriate way to describe the nirvana of the commerce experience, one in which consumers and merchants make sales without friction, and remove fraud and risk without introducing friction at checkout. Using technology, Uber as a platform is taking up payments, marketing and connecting to that driver’s next gig as their job.”.

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social media Retail Data Comparison 132

PYMNTS

NOVEMBER 18, 2019

Facebook — the owner of the eponymous social media site as well as Instagram and WhatsApp — with billions of users stretch across all corners of the globe, is one such player. What we’ve seen for years is that Facebook was going to be a social selling hub and as of today,” Goldberg told Webster.

Payments 150

Payments social media Google How To 150