Remove Data Remove Fraud Remove social media Remove User Experience
article thumbnail

Stopping Fraudsters From Taking The Travel Industry For An $11B Ride

PYMNTS

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

Industry 225
article thumbnail

Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure

PYMNTS

Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. 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.

Security 133
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trending: Meeting The Millennial Need For AI-Powered Visual Shopping

PYMNTS

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.

article thumbnail

How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

Additionally, other companies are still working to change their platforms to comply with General Data Protection Regulation (GDPR) as that regulation continues to sweep across Europe. Fraud isn’t the only thing banks and merchants are concerned over when it comes to SCA’s upcoming deadline. About the Tracker.

Strategy 188
article thumbnail

Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

Criminals are executing carding fraud and getting money in and out of the Fortnite system with relative impunity,” said Benjamin Preminger, a senior intelligence analyst at Sixgill. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter. Alphabet Inc.’s

Video 128
article thumbnail

5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52
article thumbnail

Consumers Want More Banking App Control — Will FIs Step Up?

PYMNTS

The PYMNTS research, in collaboration with Entersekt, provides further data to illustrate what’s at stake for many banking and CU customers. Whether via eCommerce shopping or retail loyalty programs, consumers are getting used to increasingly personalized experiences. “We Specific Controls. It found that 70.2 That’s not all.

Mobile 137