Remove Cyber Security Remove Fraud Remove Innovation Remove Online
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EMV’s Online Fraud Attack Push

PYMNTS

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

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Q3 Global Fraud Attack Index Data Deep-Dive

PYMNTS

Fraudsters have been causing problems for retailers over the past four quarters, leading to a 137 percent jump in fraud attacks and affecting $7 out of every $100 made in retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. The collaborative study with Forter measures the rate of fraud attempts made on U.S.

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Banks battling a barrage of cyber attacks

NCR

According to an Accenture survey , senior bank staff who participated believe their cyber security defenses are secure even though one-third of attempts by cybercriminals to breach banks are successful. Online fraud is one of the biggest challenges for the financial community. billion by 2020.

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What Does Your Wearable Tech Tell a Cybercriminal?

FICO

Credit card fraud has been around for decades, although it has declined very significantly since FICO® Falcon® Fraud solutions were introduced in the early 1990s. More recently, online banking has presented a risk, as credentials stolen during data breaches or by malware have been used to siphon or liquidate money from accounts.

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Mastercard’s ‘selfie payments’ mark new era for biometrics and security

NCR

The rising importance of one of the most exciting technologies in financial services – biometric authentication – has been marked by Mastercard’s European rollout of Identity Check Mobile , a payment application that allows users to authorize online purchases using fingerprints or facial recognition.

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Are you onboard with AI?

NCR

Ask any tech enthusiast to list the innovations they are most excited about at the moment, and there’s a good chance artificial intelligence (AI) will be pretty close to the top of that list. Royal Bank of Scotland will start using it for online communication from December 2016. ” Fighting fraud with machine learning.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. In our never-ending search for notable innovation, we heard a lot of buzz surrounding real-time payments, P2P and the launch of Zelle, the highly anticipated “Venmo killer,” in early 2017.