PYMNTS

JUNE 12, 2019

Online universities have become common as more students seek convenient, flexible ways to earn degrees. They are particularly popular among nontraditional students, like new parents who need to take classes at their own pace or full-time professionals who need to take evening courses to advance their careers. Trust, But Verify.

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Online Fraud Analysis Study 145

PYMNTS

SEPTEMBER 30, 2020

Sometimes they’re just looking for more information, but other times they skip right to demanding chargebacks because they’re quite sure these purchases aren’t theirs and that they’ve been victims of fraud. Depending on the industry, friendly fraud can account for anywhere from 25-80 percent of all fraud losses.

Cards 220

Cards Online Fraud US 220

PYMNTS

JUNE 24, 2020

The fraudsters, of course, want to take the path of least resistance, just as they always have. But this time around, consumers have had to pivot online to buy goods and services that no longer had been readily available in the age of social distancing. CNP fraud, Nolte said, has become a numbers game.

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PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”.

Online 159

Online Fraud System New York 159

PYMNTS

NOVEMBER 26, 2019

As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. The real-time movement of money,” he told PYMNTS, “has implications on your ability to manage losses — and you have to make sure you are keeping pace with new fraud trends.”. Real-time payments, real-time risk.

Fraud 152

Fraud Payments Strategy Security 152

PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. It’s not just about stealing products from shelves, of course. Fraud Headstart. The criminals have already started.

Fraud 145

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PYMNTS

JULY 8, 2020

He and Nitendra Rajput , Mastercard’s vice president of product development and head of the company’s “AI Garage,” said that in many cases, AI is the only way to scale up sufficiently to meet the challenges the company faces with fraud and other business issues. “It Fighting Fraud in a Post-Pandemic World.

Fraud 274

Fraud Management Risk Management Company 274

PYMNTS

JUNE 22, 2020

It’s the battle against fraud that can be lost right at the beginning. 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. alone topped $10.2 billion last year. alone topped $10.2

Fraud 193

Fraud Cards Risk Management Customer Experience 193

PYMNTS

MAY 5, 2016

Online fraud problem? What fraud problem? Judging from the latest Benchmark Report from CyberSource, online merchants are not only doing a great job of managing fraud, they are doing it across all online channels — and across all types of businesses. The ‘Fraud Problem’ And Conversion Impact.

Online 100

Online Fraud Tools Course 100

PYMNTS

OCTOBER 29, 2018

It’s already happening, of course, albeit tentatively. The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) Memory Technology. It’s no big news that microchip implants are part of the future of humanity. Security Vulnerabilities.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Fraud 295

Fraud Strategy social media United States 295

PYMNTS

JANUARY 29, 2019

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. First, a review and update about the online sports gambling situation in the U.S. Now, at least eight states have some form of legal online sports betting.

Online 169

Online Las Vegas New Jersey Fraud 169

PYMNTS

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That sort of fraud prevention spends 100 percent of the time on that one aspect of fraud, he noted.

Fraud 169

Fraud Data Maine System 169

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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PYMNTS

MARCH 27, 2019

As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – In that spirit, most consumers understand the need for a relatively involved onboarding process when first signing up for an online gambling site or service. the first March Madness since the U.S.

Online 115

Online Regulation Compliance Security 115

FICO

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The adoption has of course been turbo-charged by the pandemic. Indians most concerned about APP Fraud.

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Fraud Payments Survey Security 52

PYMNTS

DECEMBER 7, 2017

Equifax , of course, is among only the latest of the headline-grabbers. If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. percent of fraud?”.

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PYMNTS

JULY 17, 2017

Fraud isn’t perpetrated by a random assortment of individuals; it’s organized crime. It’s “fraud as a Service.” It’s a very unfair match, if you ask Skye Spear, VP of eCommerce fraud-fighting firm Signifyd. “I Good news, of course, but that doesn’t mean the pressure is any less. Classic fraud deflection is rules-based.

Fraud 109

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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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PYMNTS

SEPTEMBER 4, 2019

Unless, of course, the friction is healthy. In online commerce, though, friction is part of the equation. However, just as eCommerce and the technology enabling it has evolved, so too, has friction. Financial institutions, she said, had been focused on fighting fraud at the expense of ease of use.

Online 110

Online Fraud Mobile Data 110

PYMNTS

NOVEMBER 7, 2016

Without, of course, introducing friction into the consumer experience. However, even Amazon will have to continue to take it further as time goes on for one simple reason: What’s working today will not be enough for tomorrow— technological advances continue to grow and cybercriminals constantly adapt and change their strategies.

Fraud 183

Fraud Data Examples Payments 183

PYMNTS

JULY 9, 2018

The problem with fighting fraud — according to GIACT EVP of Product David Barnhardt in this week’s edition of the PYMNTS Topic TBD — is how much information fraudsters have at their fingertips about regular consumers. Of course, in these cases, appearances were deceiving. The Brazen Fraudster.

Fraud 110

Fraud Data Tools Payments 110

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Trackers and Reports.

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Fraud social media cryptocurrency National 101

PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. As so much business moves online, he said, with that $8 billion figure (writ much larger internationally), the question becomes how to minimize threats while maximizing revenues without forcing the tradeoff of security and convenience for the customer.

Fraud 100

Fraud US Data System 100

PYMNTS

DECEMBER 21, 2020

As the new Tracker states, “eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud.”.

Mobile 151

Mobile Fraud Policies Study 151

PYMNTS

JANUARY 22, 2019

Not to mention, all those late nights desperately striving to absorb all the information we should have learned over the course of weeks instead of hours, had we the good sense to keep pace with the work. In fact, missteps in digital fraud prevention can, as Stuppy said, “put the entire digital investment at risk.” Investment Risk.

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How To Fraud Online Mobile 144

PYMNTS

JANUARY 8, 2020

Of course, that also means fraudsters are figuring out how to better steal from those consumers. In a new PYMNTS interview, Karen Webster talked with Yinglian Xie, CEO and co-founder of DataVisor , about some of the new trends in fraud, and why the travel industry is a big target for increasingly sophisticated criminals. Fraud Types.

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Fraud Online Trends Industry 136

FICO

JANUARY 22, 2021

Last year I blogged a lot about how payments and fraud patterns have changed. But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Fraud Numbers Vary Widely. Credit Card Fraud Tactics and COVID-19.

Fraud 52

Fraud Cards Trends Report 52

PYMNTS

MARCH 30, 2016

That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. But the General cautioned that tackling fraud across the payments ecosystem today is a job for experts.

Fraud 100

Fraud Innovation Payments System 100

PYMNTS

JUNE 20, 2019

However, one must admit that the delivery of healthcare is becoming more convenient — thanks to online and mobile technology services, and the disruption and innovation of multiple players within that industry. They rely on IT they bought 20 or 30 years ago, and it’s pretty hard to integrate new technology” into many legacy systems.

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Online Mobile Technology Course 137

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. The pandemic has paved the way for fraudsters to try new avenues of attack, and is laying bare the limitations of the fraud prevention tools currently deployed.

Fraud 208

Fraud Examples Data Tools 208

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? They’re not new technology—QR codes have been around since 1994 —and, while not the dominant mechanism for mobile payments in the US, they are often at the forefront in emerging markets. QR Codes and Fraud. Of course, any payment method carries inherent fraud risk.

Fraud 52

Fraud Payments Mobile Data 52

PYMNTS

DECEMBER 15, 2020

In the meantime, CUs will continue to move more of their transactional activities online — done across contactless means, of course, which paves the way to using technologies in new ways to conduct daily financial life. Beware Of Fraud . Of course, where payments activity flows, so do fraudsters. What Comes Next

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PYMNTS

APRIL 1, 2019

Synthetic fraud is a brave new frontier in bilking billions, as commerce goes increasingly online. The money is being earmarked across a number of initiatives, designed to combat synthetic fraud. Flavors Of Fraud. Drilling down on the details, Harris maintained that there are two types of synthetic fraud.

Fraud 184

Fraud Security Lending Course 184

FICO

MAY 19, 2020

History tells us that things like natural disasters, times of economic instability, and fears of recession or unemployment provide the perfect environment for increased fraud and financial crime. So, I thought I would outline my top 5 fraud manager considerations during COVID-19. Examples include fake emails from CDC, WHO, and FEMA.

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Fraud Management Handbook Cards 52

PYMNTS

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. The Tracker also examines how these technologies are beginning to be used in new markets like South Africa and India. About the Tracker.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. Of course, if people prefer typing passwords, they can do that instead.”.

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