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. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company. eBay: Offline Payment Preferences Are Changing Online Habits .

Trends 175

Trends Fraud Millennials Community Bank 175

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

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 .

Fraud 148

Fraud Strategy Study Cards 148

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

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. percent.

Online 100

Online Data social media Fraud 100

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.

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

SEPTEMBER 30, 2019

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101

Online Fraud Branding social media 101

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

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+. By Katie Kuehner-Hebert.

Fraud 133

Fraud social media Millennials Examples 133

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

OCTOBER 20, 2016

Those sales could be higher if payments fraud weren’t quite so prevalent a concern. Nearly half — 48 percent — of consumers who shopped online in the past year have experienced payment fraud. On the merchant side, the data is less than wholly inspiring. The not-so-good news?

Security 100

Security Online Fraud Survey 100

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

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

OCTOBER 30, 2019

Online tools are saving customers time on acquiring goods and services. 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. Around The Digital Fraud World. Tackling Millennials’ $71M eCommerce Fraud Problem.

Fraud 101

Fraud Millennials Resources Tools 101

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

FEBRUARY 19, 2020

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197

Mobile Online Payments Tools 197

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

MARCH 3, 2020

Mobile and online banking’s prevalence has reduced physical branches’ importance, but these brick-and-mortar establishments are still vital to customers’ financial lives. Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications.

ATM 151

ATM Fraud Study Regional 151

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

PYMNTS

JANUARY 22, 2020

Among the keys to that approach, according to Parsons, are significant advances in data collection and analysis, along with new retail technologies (voice, augmented reality) that both fuel the new omnichannel push and spark consumer interest in those newer retail experiences. Trust Issues.

Retail 137

Retail Millennials New York City social media 137

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

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. Security is an ongoing concern as well, with countless fraudsters set on hacking CUs to obtain customers’ data. Attracting Customers With Unique Brand, Financial Stability.

United States 174

United States Security Innovation Mobile 174

PYMNTS

JUNE 12, 2019

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. All this, Today In Data. Data: 64 million: Number of cars equipped with some form of connected technology that will be shipped worldwide in 2019. $59

Security 148

Security Millennials Data Retail 148

PYMNTS

FEBRUARY 14, 2020

What is necessary, Xie said, is a different, more holistic paradigm for combating fraud — with a wide aim of not adding more authentication steps. NEW DATA: Consumers Like Cashier-less Retail But Retailers Aren’t Hitting The Mark. In fact, more online payments mean merchants have less cash in the till. Trackers and Reports.

Retail 141

Retail Cards Millennials Fraud 141

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. So why not?

social media 151

social media Millennials Online Fraud 151

PYMNTS

JANUARY 18, 2017

While there may be a trending idea that it’s successful, turns out, many times certain generations — namely millennials — are more reluctant to give away their data, than one might think. Millennials expect technology to intelligently know who they are, with any investigative work done on the back end.

Retail 100

Retail Millennials Study Technology 100

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. As JPMorgan Chase shutters their millennial and Gen Z-focused digital-only bank Finn, it is taking this lesson to heart.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

AUGUST 21, 2020

It’s a story told by the data itself, Lesher said. And lastly, COVID-19 has pushed the majority of commerce online, which can be bad news for smaller financial institutions (FIs). Second, a modern offering also allows customers to see and understand their transaction details because all merchant data is cleansed, appended and accurate.

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

JANUARY 17, 2017

Today, there’s a major gap in market between the data that relying parties have to verify consumer identity and what is needed to authenticate them with certainty. Consider that roughly 63 percent of millennials don’t have credit cards, and some have no plans anytime soon to embark on major life purchases, such as buying a home or car.

Millennials 100

Millennials Data Fraud social media 100

PYMNTS

MAY 13, 2019

As Karl Kilb III, CEO of identity verification firm Boloro , told PYMNTS, when it comes to online banking, the single point of failure is the internet. Separation and authentication of those transactions are critical, he said, in an age where banks want to tap into a demographically desirable population: millennials.

ATM 134

ATM Mobile Security Online 134

PYMNTS

OCTOBER 31, 2019

However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. Such heightened connectivity might make online shopping more convenient, but it also comes with risks. Tapping Data To Understand User Behaviors.

Fraud 100

Fraud Retail Online Meeting 100

PYMNTS

JANUARY 9, 2020

Attendees will learn that younger generations – Generation Zers and millennials among them, who wield significant (and growing) spending power – care more about payment flexibility (and options) than merchants might realize. In the webinar scheduled for Jan. Retooling the Approach.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

FEBRUARY 10, 2020

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. Crypto Fraud Scores More Than $4B In 2019.

US 142

US Taxes Millennials Payments 142

PYMNTS

JUNE 24, 2019

“The retailer began investing in the surveillance program, dubbed Missed Scan Detection, several years ago in an effort to combat shrinkage — loss due to several causes including theft, scanning errors, waste and fraud,” the report stated. By using AI technology, the sportswear brand was able to offer suggestions to online shoppers.

Retail 184

Retail Innovation Examples Online 184

ZootBlog

OCTOBER 11, 2016

The entire world has gone mobile—from millennials to grandparents. We spoke with Mark Miyamoto, Director, Compliance, Risk, Fraud Solutions for Danal; a company that provides mobile identity and authentication solutions driven by real-time connections into the databases of mobile network operators (MNOs), to discuss the latest in m-commerce.

User Experience 60

User Experience Mobile Data Las Vegas 60

Abrigo

SEPTEMBER 2, 2020

Key Takeaways With more customers leveraging channels like online and mobile banking, community financial institutions are trying to solve how to maintain their hallmark community focus in an increasingly digital world. Technology can create efficiencies that allow them to reimagine customer interactions moving forward.

Lending 195

Lending Community San Antonio Survey 195