PYMNTS

OCTOBER 29, 2018

It’s already happening, of course, albeit tentatively. Those devices are not the microchips from those programs in Wisconsin and Sweden — nor, of course, the chips implanted into pets. It’s no big news that microchip implants are part of the future of humanity. But those gains come with fresh concerns about digital security.

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PYMNTS

JUNE 21, 2019

How To Build A High Performing Platform Payments Fraud Team. For digital platforms, fraud represents a two-headed beast. As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. Trackers and Reports. For Cryptos, Waiting For (Regulatory) Godot?

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin.

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Accenture

OCTOBER 3, 2017

Of course, some of this investment came from banks. Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. Fear of fraud is the primary factor. That’s no surprise.

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PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

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PYMNTS

MARCH 5, 2019

Victor Gevers of cybersecurity organization GDI Foundation revealed that he discovered a database of 364 million records that included social media profiles and chat logs linked to names and identity card numbers. It’s worrisome that these things appear online so easily.

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PYMNTS

OCTOBER 23, 2018

An Elon Musk message on Twitter – apparently a joke about bitcoin that fell flat – ended up causing the messaging and social media platform to lock down the account of the co-founder of both Tesla and PayPal. Musk, of course, has made the news recently for much more serious reasons, which also involved Twitter.

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PYMNTS

APRIL 24, 2019

Attention-starved celebrities and people showing off on social media used selfies, not serious, reputable companies competing for market share in the digital economy. Trust is important to a variety of areas where significant growth is happening online.

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PYMNTS

NOVEMBER 21, 2017

According to a news report in The Next Web , Confido, which said it was developing a trustless payment network for online shopping, has taken down its website and its value declined 90 percent after letting investors know that a legal issue will stop development of its project for good.

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PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Supply Of Data.

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PYMNTS

JANUARY 22, 2020

Of course, as PYMNTS data, coverage and research has indicated, the tendency of consumers to own multiple connected devices also forces retailers to offer fresh omnichannel offerings that can be done on all those machines. Trust Issues. Trust Issues. Trust, too, is another issue where things might not be so clear or easy for merchants.

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PYMNTS

DECEMBER 19, 2018

Over the course of years, Facebook reportedly enabled some of the world’s biggest tech companies to access the personal data of users — which amounted to the social media giant exempting some businesses from the privacy rules its customers thought they were protected under.

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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. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

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PYMNTS

APRIL 19, 2019

As noted in this space this past week, SCA has goals that are laudable by any measure, as the SCA requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. That’s important in a world where commerce is increasingly moving online. Facebook: Data as a weapon?

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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. With much banking moving online or to smartphones, interactions with customers can be less frequent. Use social media to build trust. Focus on community.

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PYMNTS

OCTOBER 2, 2018

What would one say about a computer geek who said he could protect their online identity , and while doing do would make a bold move against the likes of Facebook and Google ? Technology that enables consumers to control their data as they shop, pay and perform other tasks online. As consumers become more cautious — cynical?

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PYMNTS

MARCH 11, 2016

Of course, that data has, at times, been used for targeted marketing campaigns. Nothing further would extend to social media sites that are already around, such as Facebook or Twitter. .” The proposal has been brought forth by FCC Chairman Tom Wheeler and does not keep Internet providers from sharing data.

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PYMNTS

NOVEMBER 20, 2017

For banks and processors, commerce means customers, of course, transacting across time zones, business verticals and currencies. Even as online complaints mounted, indifferent processors and banks continued to allow fraud. Call it connected commerce of a different stripe. It’s not just buyer and seller.

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PYMNTS

JANUARY 31, 2019

George’s company, WellCity, marketed itself as a social media network for the health and wellness marketplace run out of Brentwood, Tennessee. Potential investment gains are high, of course, but the damage from becoming entangled with bad actors can be quite severe.

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PYMNTS

NOVEMBER 17, 2020

That sets the stage for fraudsters to follow the money as consumers transact online — and steal a large chunk of that money. Panelists included Schalk Nolte , CEO of Entersekt ; Jen Martin , head of Fraud Operations at KeyBank ; and Karen Boyer, Fraud Intelligence Director, Financial Crimes at People’s United Bank.

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PYMNTS

FEBRUARY 21, 2018

We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like…. After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? Oh, and they used pilfered data to do so.

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PYMNTS

JUNE 5, 2017

The data could then be used to do lots of damage, including shopping online and making “clone” cards to use other places. It has done its best to circulate the information on its website and through social media channels. Chipotle will be liable for any fraud that results. Wells Fargo’s New Executive Groove.

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PYMNTS

JANUARY 28, 2019

And last week in payments and commerce was particularly drizzly — between real money launderers making use of fake video game funds, regulatory fines and earning fumbles, all kinds of players were reaching for their umbrellas over the course of the week. Fortnite’s Money Laundering Problem.

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Independent Banker

NOVEMBER 13, 2014

Those touch points include branches, online banking, call centers, ATMs, mobile banking, email and instant messaging, and now social media platforms. Companies everywhere are seeking security technologies that to better authenticate their customers online as well as to better detect cybercriminals and malware.

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PYMNTS

JUNE 28, 2017

From their affinity for brunch (and avocados on toast ) to their attachment (uncorded, of course) for subscription services , it’s no secret millennials have some significant spending differences compared with older generations. It’s much harder to get it back or stop or fix a fraud attack after it’s happened.”.

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PYMNTS

JUNE 14, 2016

And as merchants and financial service providers weigh whether traditional methods of consumer authentication have the same power they once did now that commerce has moved online, Allen would give them one piece of advice: They do not. “Digital identity is one component of the ‘real you’ that’s biometric in essence. “The

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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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FICO

NOVEMBER 22, 2021

Not to mention, the window for fraud has grown because retail events kicked off in October to counter concerns about supply chains and logistics. Growth in e-Commerce has Seen Fraud Surge. The fraud problem has gone viral. France and Germany have seen fraud increase during the pandemic. In the U.S.

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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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William Mills

MAY 10, 2016

One use case is to use a bot, via text messaging, to help customers when they have potential credit card fraud. Qumrum allows banks to actually document customer interactions online. Empyr helps to connect online and offline businesses. 11 hours a day online. Connecting consumers online and driving them to offline stores.

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PYMNTS

JULY 5, 2019

The interview comes at a time of significantly increased focus on digital ID and a deeper appreciation for its role in the next wave of online commerce and payments — one that promises in the 2020s to be even more global, more focused on marketplaces of all types, and more robust when it comes to seamless, secure consumer experiences.

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CB Insights

APRIL 10, 2019

Facial recognition, for example, could capture what a shopper is looking at, and enable retailers to later serve up related promotions to the shopper via email or online ads. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps. Social Media/Entertainment.

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FICO

JANUARY 8, 2021

Of course, as many companies are asking staff to work from home at the moment, businesses need to find a way to maintain operations as buildings and people are being quarantined. For people returning home, the same could be true. Personalised and contextualised relevant messaging could help individuals and control the spread. “Of

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PYMNTS

JUNE 20, 2017

Two years later, the facial recognition technology is the best in the world (yep, even better than Google’s) and is being used for public safety, law enforcement and fraud prevention through cybersecurity. Of course, facial recognition has driven significant public controversy over the erosion of personal privacy and anonymity.

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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 use the tech to fight internal fraud. That’s the promise. The report found that 81.8

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PYMNTS

FEBRUARY 14, 2020

Yet, for those relying less on dedicated social media followers for a fall-back plan (and, thus, less crippled by natural beauty), there is an ever-expanding menu of choices beyond the Tinders and Match.coms when it comes to getting online and selecting a date for the evening. million Instagram followers. Her conclusions? “I

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PYMNTS

FEBRUARY 8, 2019

No one should blame the victim for the crime, of course. Once the account fills up with V-bucks, they are then sold through a legitimate vendor like eBay , or on the dark web, for lower rates than the $10 for 1,000 that gamers get in the game or through an authorized online store. Proactive Approach.

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