PYMNTS

NOVEMBER 8, 2019

Merchants and eCommerce firms are grappling with an ever-increasing amount of data – much of it unstructured – as they seek to find patterns and red flags that signal fraudulent activity. It’s no easy task, as the recent Fraud Decisioning Playbook shows. Data: 1.4M: Number of fraud reports the FTC received in 2018.

Fraud 101

Fraud Millennials Data Report 101

PYMNTS

JANUARY 19, 2021

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course.

Data 227

Data Fraud Los Angeles Compliance 227

PYMNTS

DECEMBER 13, 2019

It’s a world that has sprung up around the spending power and tastes of millennials and Gen Zers, and it’s getting hard to keep track of all the available options. According to one Mastercard study , about one-third of millennials and Gen Zers would let a bot plan their next trip in an automated fashion using data from their travel history.

Fraud 130

Fraud Millennials Comparison Online 130

The Paypers

AUGUST 23, 2023

Telesign , a provider of customer identity and engagement solutions, has released more data from its 2023 Telesign Trust Index , highlighting the dynamic of online fraud.

Fraud 36

Fraud Survey Millennials Online 36

PYMNTS

MAY 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

Cards 216

Cards Data Millennials Report 216

PYMNTS

OCTOBER 18, 2018

Data: 240 million: The number of invoices that run through Intuit’s QuickBooks platform annually. 13 million to 17 million: Number of millennials forecast to purchase a home by 2022. 72 percent: Share of millennial consumers who rank homeownership as their top future priority. percent: Uptick in the cost of fraud for U.S.

Data 123

Data Millennials Taxes Fraud 123

PYMNTS

DECEMBER 11, 2020

In this week's news, we saw two blockbuster IPOs, arguments and stalemates over a new stimulus bill, and new data on consumers' digital shopping trends. New Data: Tracking The Consumer, Merchant Digital Shift Down Under. Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Trackers And Reports.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch . A PYMNTS study on U.S. A PYMNTS study on U.S.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Fraud 124

Fraud Retail Online Study 124

PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. The changes also include enhanced fraud protections for merchants. uses authentication data, artificial intelligence and machine learning to review, approve or flag transactions as suspicious in real time. For example, 3DS 2.0

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

OCTOBER 16, 2019

The rise of 5G networks will also enable these devices to communicate more data across longer ranges, which is one of the reasons why investment in IoT is picking up. There were 760 million fraud events for IoT devices using a single protocol this year, according to one recent study.

Millennials 191

Millennials Fraud social media Florida 191

PYMNTS

NOVEMBER 7, 2019

Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud threats. In other words, it is no longer enough to respond to a fraud attack after it occurs. Across the Fraud Decisioning Landscape.

Data 101

Data Fraud Big Data Analytics 101

PYMNTS

JULY 18, 2018

million: What PwC was ordered to pay by a judge for failing to detect fraud between a client and a mortgage lender. $1 76 percent: Share of millennial consumers who report they are always looking to try new and different forms of banking, saving, payment and currency. . $1

Data 100

Data Millennials Fraud Community 100

PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

OCTOBER 1, 2019

The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Developments Around The Digital Fraud World. consumers lose more to romance-based fraud than any other type of scheme.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. trillion by 2020, but new sales channels also invite emerging fraud forms. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

PYMNTS

JANUARY 2, 2019

The vast majority of consumers are still feeling confident about their financial situation, and younger consumers in the bridge millennial demographic are aging into their prime spending years. 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. At least not yet.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

SEPTEMBER 19, 2016

For example, what happens to the CEO of a big bank that gets caught red-handed engaging in consumer fraud? Will anything ever excite millennials about credit cards? EMV’s Win — Against Cloned-Card Fraud. How To Win Millennials With Cards. Millennials have gained something of a reputation for being a credit-shy generation.

Millennials 100

Millennials Cards Fraud Online 100

PYMNTS

JANUARY 14, 2021

Up-to-date customer addresses can unlock a wealth of valuable data for these firms that can be extrapolated to understand sales territories and more closely target demographics with specific products and services. Inaccurate address data can result in unsuccessful deliveries, miscommunications with customers and missed sales opportunities.

Analytics 170

Analytics Data Study Millennials 170

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

AUGUST 26, 2019

From a ride-hailing company expanding into Vietnam to Visa implementing new tools to fight fraud, today’s payments news runs the gamut. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line. Kohl’s has teamed up with Facebook to create a curated clothing line aimed at capturing millennial dollars.

US 109

US Millennials cryptocurrency Fraud 109

The Paypers

SEPTEMBER 2, 2019

(The Paypers) Lloyds Bank data has revealed millennials are falling victim to scams involving handing money to fraudsters more than any other age group.

Millennials 34

Millennials Fraud Groups Data 34

PYMNTS

MARCH 9, 2018

Today in PYMNTS data, Verifone’s first-quarter earnings largely met expectations, B2B FinTech firms are targeting millennials and small- and medium-sized businesses (SMBs) with digital financial services and blockchain appears to have real potential for market disruption. 206 million | Value of U.K.-based

blockchain 101

blockchain Data Millennials cryptocurrency 101

PYMNTS

OCTOBER 2, 2019

In digital fraud news, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe as fraudsters become more aggressive. All this, Today in Data. 3,248: Average amount millennial consumers lost per bank scam this past year. 10 percent: Approximate share of people in the U.S.

Mobile 108

Mobile Millennials Fraud Data 108

PYMNTS

NOVEMBER 27, 2019

Solutions that quickly deliver digital invoice data and enable electronic workflows and payments are available, but a surprisingly large share of the industry relies on legacy practices. Recent data found that highly efficient AP departments implementing AP automation spend an average of 2.9 PYMNTS research found 72.4 per invoice.

Millennials 161

Millennials Payments Capital Technology 161

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. Strategies and Tools for Fighting BNPL Fraud.

Fraud 52

Fraud Cards Millennials Utah 52

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

OCTOBER 30, 2019

Shoppers can quickly fall victim to eCommerce marketplace fraud, which led to bad actors to making off with a full $450 million in the U.S. This month’s Digital Fraud Tracker™ explores how technologies like artificial intelligence (AI) and machine learning are helping companies better defend their customers. About The Tracker.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

JANUARY 26, 2021

For example, many are seeking more information on how Amazon uses Alexa to collect consumer data, and how much control users have over how much data is harvested, which has been a long-running concern. Improvement is coming, according to PYMNTS data , just as consumers' hunger for connected voice assistants is growing and expanding.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

APRIL 27, 2016

Can the data trapped in “Digital Exhaust” – like online and social media data – be used to validate identity and predict fraud? And it has the data model to prove it. Socure found that while an individual who belongs to no social networks brings a fraud risk of 22.9 Socure sure thinks so.

Online 100

Online Data social media Fraud 100

PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. FinTech firms have reportedly been accusing banks of preventing access to the financial data of end-users. Priceline Uses AI To Help Fight Fraud.

Fraud 100

Fraud Trends Payments Retail 100

NCR

AUGUST 1, 2017

The rise of the Millennials is creating a revolution in the economy. Artificial intelligence (AI) and data science will most likely be the fuel of the new approach to finance. The answer comes down to understanding that AI is an umbrella name for multiple technologies built on big data and neural networks. Fraud detection.

Big Data 111

Big Data Data Fraud System 111

PYMNTS

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud.

ATM 151

ATM Fraud Study Regional 151

PYMNTS

APRIL 24, 2019

Though not the top priority for onboarding members, these features play an essential role in convincing Gen Z, millennials and Bridge Millennials to sign up with their current CUs. Bridge Millennials are more likely than any other generation to consider switching their primary FI, with 12.7 Among Gen Z members, 50.4

Innovation 134

Innovation Millennials Digital Banking Mobile 134

PYMNTS

DECEMBER 6, 2019

Better access to payments-related data can also be key to helping businesses modernize their payments practices. Improved data handling will also become more critical as the gig economy becomes ever more significant and companies continue to adjust their payments approaches to suit ad hoc workers’ needs.

Tools 186

Tools Payments Millennials Strategy 186