PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

Fraud 177

Fraud Mobile social media Customer Experience 177

Bank Innovation

APRIL 17, 2017

Fraud campaigns targeting online financial services tend to be smaller, and subtler than fraud campaigns conducted for other online platforms.

social media 191

social media Big Data Fraud Analytics 191

PYMNTS

APRIL 22, 2020

New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report. Data and Authentication Frustrations.

Security 133

Security Data Fraud Tools 133

PYMNTS

OCTOBER 29, 2018

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. It’s already happening, of course, albeit tentatively.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

SEPTEMBER 7, 2018

Call it the Great Trade-Off, perhaps: Consumers give up data to online merchants and marketers in exchange for free services, targeted offers, discounts and other benefits. The people and companies who receive the data use it for a variety of profit-enhancing tasks. Machine Help.

Data 101

Data social media Fraud Online 101

FICO

DECEMBER 17, 2020

That said, my 2021 fraud predictions have nothing to do with witchcraft – although 2020 has certainly conjured unprecedented challenges – and everything to do with the metaphorical crucible, “a place or situation in which concentrated forces interact to cause or influence change or development.” What exactly will those innovations be?

Fraud 59

Fraud social media Mobile Data 59

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.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

JULY 10, 2020

Using mobile apps to order ahead and pickup in-store has become much more popular during the health crisis, but the jump in online orders has prompted a corresponding rise in online fraud. The solution is aimed at promoting more flexibility for restaurants and granting more visibility into the customer data that accompanies such transactions.

Mobile 162

Mobile social media Report Fraud 162

PYMNTS

SEPTEMBER 12, 2018

However, offering this convenience can create new opportunities for fraudsters to slip through, thanks to the growing number of security breaches and the troves of consumer data easily available on the dark web. The company’s solutions work to connect “more than 70 banks from 16 countries” to data on more than 30 million consumers.

Security 139

Security Report CA Fraud 139

PYMNTS

SEPTEMBER 8, 2020

While consumer onboarding for banks and FinTechs has seen immense innovation in recent years, the same cannot be said for business customers, according to Kyle Mack, CEO of Middesk. It's really governed a lot of the quality controls around consumer data. But when you look at business data, there's no FCRA.". On Tuesday (Sept.

Fintech 198

Fintech Compliance Fraud social media 198

PYMNTS

DECEMBER 31, 2018

So far this year (and there’s still one more day), Verizon reported that there have been 2,216 confirmed data breaches across 65 countries. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. According to early reports, the data breach impacted 0.5

Data 230

Data Security Tools Cards 230

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

social media 116

social media Fraud Tools Knowledge Base 116

PYMNTS

OCTOBER 30, 2020

Those efforts have reduced the threat of fraud at physical payment terminals, but many consumers are now shifting to shopping digitally. Bad actors sometimes create phony sites that resemble those of well-known sellers, but steal consumers’ card data when it is entered at checkout. . Safeguarding Card Details.

Cards 192

Cards Online Fraud social media 192

PYMNTS

JULY 16, 2019

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. Fraud isn’t the only thing banks and merchants are concerned over when it comes to SCA’s upcoming deadline.

Strategy 188

Strategy social media Regulation Retail 188

Accenture

OCTOBER 3, 2017

Open banking—where banks expose their data, functions and services to an ecosystem of customers, employees, third-party developers and vendors—has been hotly anticipated in Europe. Trust in online platforms and social-media companies as providers of payments services is low. Fear of fraud is the primary factor.

social media 151

social media Millennials Online Fraud 151

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. ” Tracking non-financial data.

Fraud 74

Fraud Digital Banking social media Security 74

PYMNTS

JUNE 3, 2016

“It’s a huge anomaly,” said Small Business Administration Head of Innovation and Investment Mark Walsh, referencing the ability for startup founders to make it without venture capital. Data & Business Intelligence. Featurespace wasn’t the only startup this week operating in the data analytics game.

Security 100

Security Data Analytics Capital 100

PYMNTS

AUGUST 23, 2019

In the August edition of the Payments And The Platform Economy Playbook , PYMNTS examines how marketplaces are using technologies such as artificial intelligence (AI) and mobile payments to innovate the customer experience. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses.

Millennials 165

Millennials Trends Meeting social media 165

PYMNTS

JANUARY 30, 2020

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. As fraud evolves, old forms of cybersecurity are not enough to keep up criminals’ increasingly innovative attacks. Data from the U.S.

social media 141

social media Payments ATM Fraud 141

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

Security 130

Security Fraud blockchain Cards 130

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. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry.

Community 195

Community Lending Maine Resources 195

FICO

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. How Scams Differ from Third-Party Fraudulent Transfers. Using Behavior-Sorted Lists to Detect Scams.

Fraud 52

Fraud Retail Analytics social media 52

PYMNTS

JUNE 24, 2019

As has been a running theme in PYMNTS conversations with Libra’s founding members, Lambert reiterated that there is much ground to cover between today and the Libra rails launching, which support payments and commerce innovation. There will be perceptual hurdles to clear, and regulators to convince. It’s a reason to work with regulators. “We

Payments 179

Payments cryptocurrency social media Regulation 179

PYMNTS

SEPTEMBER 28, 2020

Banks, businesses and consumers fundamentally altered how they interacted with each other in the early months of the COVID-19 pandemic — and regulators tasked with making sure their data and payments are kept safe took notice. Regulators in countries like Egypt have only recently rolled out their data protection rules.

Online 151

Online Report Payments Regulation 151

PYMNTS

AUGUST 13, 2018

MarketWatch , citing comments from Triton’s co-founders, reported that the student-run fund believes the subscription model is actually a solid innovation that isn’t going away anytime soon – and that the low share price offers an opportunity. The deal would see the venture fund taking over control of the increasingly cash-strapped firm.

Data 100

Data ATM Cards Fraud 100

PYMNTS

APRIL 27, 2020

Most FIs moved their data from paper-based systems to online servers decades ago, using core banking solutions to send and receive cross-border payments as well as to process less sensitive daily transactions. Starting at the Core.

Digital Banking 248

Digital Banking Tools social media Mobile 248

Insights on Business

APRIL 28, 2017

With the rich data financial services clients hold this is a natural evolution for the industry. The pressure of innovation — driven by the Fintechs — is another factor driving cognitive adoption and moving the industry towards a new way of working and a new way of servicing clients.

social media 155

social media Analytics Fraud Industry 155

NCR

MAY 22, 2017

Big data has been one of the tech industry’s most popular buzzwords for a few years now. 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 85

Big Data Data social media Fraud 85

PYMNTS

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. Social Media. In the U.S.

Online 101

Online Fraud Branding social media 101

South State Correspondent

APRIL 24, 2023

Should the application uncover new information about a contact, it can create a field in the CRM itself to store the information, all while adhering to a preset data model. Data Management – AutoGPT wrote its own code in Python, debugged it, and moved it to production to clean and transform data to an updated data model.

social media 195

social media Data Marketing Technology 195

NCR

FEBRUARY 12, 2018

But with it comes a range of concerns that the opening up of banking data to third-party providers will leave traditional banks vulnerable to faster-moving, innovative new competitors. Data protection risks (74 percent) and the potential for cyber attacks or viruses (69 percent) were also named as major concerns.

social media 70

social media Innovation Meeting Data 70

PYMNTS

JULY 11, 2016

Participants could use Visa’s APIs to create a payment solution, leverage social media channels to engage people at Visa-sponsored events or persuade Visa cardholders to go cardless. “It’s the people there right now, sharing their experiences on social media – they are the people that a brand should prioritize,” he added.

social media 100

social media Branding Retail Meeting 100

PYMNTS

MARCH 20, 2020

In-house ordering apps are typical for large quick-service restaurant (QSR) companies, with only those who are willing to take risks and innovate standing out from the herd. One complication they face when upgrading their apps, however, is making sure payment and loyalty data is maintained during the changeover.

Technology 181

Technology Apple New York City social media 181

FICO

SEPTEMBER 30, 2022

Our eight judges are business leaders, analysts, media and innovators in their own right, drawn from nearly every continent. She is a top advisor to Fortune 500 companies on responsible artificial intelligence strategy and data innovation practices and serves on several boards advising startups, universities, and other non-profits.

Meeting 52

Meeting Analytics Management Strategy 52

Insights on Business

SEPTEMBER 12, 2018

IBM RegTech Innovations. If there is fraud on your account, your financial institution will make you whole, as long as you were not negligent and make them aware of the incident in a reasonable time frame. The initial response to fraud in the UK was to lower payment thresholds so much that the system was rendered virtually useless.

Payments 96

Payments Las Vegas Los Angeles Fraud 96

PYMNTS

JANUARY 30, 2020

Another hair in the soup is Generation Z’s increasing preference toward social media marketplaces that eschew established eCommerce platforms entirely, forcing these businesses to change tactics. To learn more about how AI security enhancements can improve the platform economy, visit the Playbook’s Case Study. About the Playbook.

Miami 132

Miami social media Case Study Chicago 132

PYMNTS

JULY 19, 2019

Even with reports of fake news, election tampering and user data breaches, Facebook still has a lot of friends : Its user base has grown and revenue has soared. And, despite reporting on July 12 that the Federal Trade Commission (FTC) had reached an agreement to fine Facebook $5 billion, shares in the social media company were up $3.84

Cleveland 128

Cleveland social media Fraud Google 128