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

FEBRUARY 6, 2018

Perhaps the last and best hope in the battle against ID fraud – the kind that brings ruin to credit reports and billions of dollars in losses to card companies and merchants. This is the percentage of new account fraud victims who discover they are, well, victims when they are contacted by a debt collector. Digital DNA.

Fraud 120

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PYMNTS

MARCH 5, 2019

A security researcher has discovered that hundreds of millions of private chat logs from Chinese users were exposed on the internet. There are privacy worries, of course, if data like this is being exposed,” he said, according to The Financial Times. The databases were secured after Gevers reported the issue.

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PYMNTS

AUGUST 17, 2018

To that end, a finance platform based in Switzerland, Advanon, has grappled with fraud, as reported by p2p-banking.com. The invoices were then financed by 78 private investors – and the fraud resulted in ill-gotten gains worth about two million euros. Underhanded Doings in the Land Down Under.

Fraud 100

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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.

Fraud 112

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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

It may seem like ancient history now — about four years ago, the idea that consumers, merchants, financial institutions (FIs) and payment service providers would rely on the selfie (that much maligned form of self-expression in the smartphone age) for digital security seemed silly. That also holds true in the larger sharing economy.

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social media Security Data Online 156

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

NOVEMBER 21, 2017

What’s more, it removed its social media footprint from the internet, which included shuttering its Twitter, Facebook, Reddit and Medium accounts. This isn’t the first cryptocurrency company to go under during the course of the last several weeks.

Bitcoin 118

Bitcoin social media cryptocurrency Security 118

Jack Henry

SEPTEMBER 11, 2014

The same principles apply to information security awareness for a financial institution’s (FI’s) stakeholders (employees, board members, and customers). That is, given the same preventative measures, an FI may reduce the number and extent of information security breaches due to fraud. Annual Physicals.

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PYMNTS

NOVEMBER 2, 2016

government is reportedly gearing up to spend close to £2 billion over the course of the next five years to fight the growing number of cyberattacks in the country. universities” that will be tasked with increasing security for smartphones, tablets and laptops. According to a report , research suggests the U.K.

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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, 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.

Data 127

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Abrigo

MAY 5, 2022

In many cases, the podcasts or hosts have sizable social media followings, and all release a new episode at least once per month so you can stay up to date with the latest trends in the finance world. Of course, there are numerous other excellent banking podcasts available that are worth a listen. Fraud Prevention.

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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. Investing platforms must strike the right balance between security and convenience for their customers if they want to keep money flowing. The stakes are high, Couture said.

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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. The free service could be offered through the Echo speakers.

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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. Making faster payments more secure. Keeping up with what’s next.

Millennials 108

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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.

Data 100

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PYMNTS

SEPTEMBER 17, 2018

By casting a line by email, of course, offering a cautionary tale for anyone who sees a link they are quick to click. government with one count of conspiracy to commit computer fraud and abuse. Additionally, there is one count of conspiracy to commit wire fraud — a charge that could lead to a maximum sentence of 20 years in prison.

New York 188

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PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

Fraud 158

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PYMNTS

OCTOBER 2, 2018

This would seem to be a favorable time for digital products and services that emphasize privacy and data security. And you can be sure that any significant threat to the revenue streams of the big corporate players will bring about a severe pushback on their part (if not sooner in order to protect their turf, of course).

Data 189

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PYMNTS

NOVEMBER 17, 2020

But, as three banking security experts told Karen Webster, that same trillion-dollar loss represents a significant authentication opportunity for financial institutions (FIs) if they leverage risk-based authentication and behavioral analytics to help shape and safeguard the great digital shift. They thrive in times of chaos and disarray.”.

Fraud 195

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PYMNTS

JUNE 14, 2016

What Allen means is that the age-old standards of matching a name, address and ID against credit data simply isn’t enough to provide merchants and FIs with sufficient protection against potential fraud. Consumers expect their experience to be personalized and secure, but they expect approval to happen fast and without friction.

Data 100

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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?

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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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PYMNTS

AUGUST 5, 2016

Both networks, or course, see gold in those $10T check-dominated disbursement hills. So sizzles all the way around – unless, of course, you’re one of the ones asking banks to invest in a real-time payments capability that does exactly the same thing. Of course, the value goes well beyond just unlocking the phone. Iris Scanning.

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Tomorrow's Transactions

DECEMBER 28, 2016

Electoral fraud isn’t a huge problem in the United Kingdom but it does happen, and it looks as if it’s been happening with increasing frequency in certain areas. From Voters will have to show passports to combat voter fraud in ‘vulnerable’ areas with large Muslim populations. And, as it happens, in my own dear Woking.

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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. If you want to develop trust on social media, you need to be there when your customers need you.”. Use social media to build trust. Be authentic.

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CB Insights

APRIL 10, 2019

The biometric software behind facial recognition applications can identify facial structures, contours, and expressions, making it a no-brainer for security and identification purposes. Banks are beginning to use facial recognition as secure login tools for customers using their online banking sites and apps.

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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. In the U.S.

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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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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

Analytics 52

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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. For Banks, Know Your Customer, is a critical security responsibility. We expect to see innovations in mobile, security, analytics, customer experience, and more. ^SR. Well, it’s almost show time here in San Jose!

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South State Correspondent

APRIL 24, 2023

So, like any new bank marketer, it composed a fairly interesting email (below) using the subject line “Secure Your Healthcare Future: Boost Your Health Savings Account Contribution.” 10 Other Impressive Applications of AutoGPT in Banking Of course, there are infinite use cases where this application can add value.

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social media Data Marketing Technology 195

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. The more data we have, the better,” he said.

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