Jack Henry

DECEMBER 29, 2020

But today these types of advanced data analytics are being used successfully to enhance the user experience, encourage engagement, drive revenue, increase sales, and fight fraud. The use of artificial intelligence (AI) and machine learning (ML) might seem like a space-age concept to some.

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Data User Experience Analytics blockchain 154

PYMNTS

DECEMBER 2, 2020

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. The key to this is user experience,” he said. But he added that the bad guys are using older scams as well. “As

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Fraud Online Security Compliance 215

PYMNTS

NOVEMBER 19, 2020

The technology is also credited with helping them meet diners’ demands for seamless purchasing experiences as well as enabling them to battle fraud. . He noted that it is a crucial tool that can allow restaurants to leverage the data they have been storing for years. . AI is a priority with us,” Smith said. “We

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Boston Fraud Meeting Mobile 200

PYMNTS

APRIL 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” The company’s technology tracks user behavior to determine fraud.

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Fraud Company Security Comparison 164

PYMNTS

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That sort of fraud prevention spends 100 percent of the time on that one aspect of fraud, he noted.

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PYMNTS

SEPTEMBER 19, 2019

Cybercriminals are also seeing opportunities to use these offerings to their advantage, however, now employing them to exploit vulnerabilities, siphon funds and access valuable data. . The following Deep Dive examines how AI technology is being deployed on the anti-fraud front lines. . The High Costs Of Fraud .

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PYMNTS

NOVEMBER 8, 2019

These platforms must ensure that all parties are trustworthy, putting them in precarious positions as they work to build their user bases without alienating either side with their anti-fraud measures. . It’s a matter of figuring out how you put in place the right balance to maintain a seamless customer experience.” .

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Fraud User Experience Customer Experience Tools 101

PYMNTS

APRIL 22, 2020

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.

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Security Data Fraud Tools 133

PYMNTS

FEBRUARY 10, 2020

Fraud prevention firm Kount is introducing the Identity Trust Global Network for the establishment of real-time identity trust using artificial intelligence (AI), Kount announced today (Feb. To this end, merchants must reimagine their approaches to fraud. billion fraud signals in real time. billion fraud signals in real time.

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Fraud Idaho User Experience Data 144

PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

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Mobile Boston Fraud Colorado 289

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

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PYMNTS

JUNE 9, 2020

The pandemic is spurring new opportunities for financial institutions (FIs) of all sizes to improve the range of services they deliver to end users amid the continuing shift to digital. Those integrated solutions, in turn, allow users to conduct their financial lives with speed, ease and security. The Importance Of Data.

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PYMNTS

MAY 9, 2018

CO-OP Financial Services said Tuesday (May 9) that it is releasing fraud-fighting tools for its client credit unions, a move that would beef up the role of artificial intelligence in helping those financial institutions become more secure. COOPER is not the only recent financial services enhancement introduced by CO-OP.

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Fraud Security Risk Management User Experience 100

PYMNTS

MARCH 20, 2020

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.

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PYMNTS

NOVEMBER 23, 2020

According to Wimbish Potter , general manager of SMB payments at Deluxe : “SMBs are the backbone of our country, but [for legacy banks] it's hard … to reach out and say, ‘let me [create] a lending program,’ because they're not seeing the data come in anymore.”. For FIs, fresh data that they can’t see represents a new competitive threat.

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Data User Experience Fintech Lending 143

PYMNTS

FEBRUARY 26, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS examines developments in the mobile order-ahead world, as well as how consumers are responding to new features and tools designed to augment users’ experiences for the better. However, the rise of mobile ordering also comes with growth in account takeover fraud.

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Fraud Mobile Branding User Experience 186

PYMNTS

JULY 10, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, is expanding its operations in the Canadian market. Startups are nimble and quick to react, and as they reach a critical mass, they see companies like Emailage as a crucial element to their experience. Emailage can serve various verticals.

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Fraud Fintech User Experience Strategy 110

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent.

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Fraud Payments Data Cards 101

PYMNTS

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. How Omnichannel Is Changing The Way Luxury Retailers Respond To Fraud.

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Fraud Retail Security Online 109

CB Insights

MAY 5, 2022

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. The post Why payments leaders are prioritizing data privacy & security appeared first on CB Insights Research. Want the full expert post? Become a CB Insights customer. Want the full expert post?

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Security Data Payments User Experience 36

PYMNTS

JULY 31, 2019

According to PYM NTS’ research, 57 percent of all FIs will focus on this area over the next three years, making it the highest item on an agenda that also includes user experience, consumer engagement, and fraud and security. All FIs, however, will make data analytics a greater priority in the coming years.

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Innovation Report UX User Experience 151

PYMNTS

NOVEMBER 10, 2019

Kenya has passed a new data protection law in the hopes of attracting more foreign technology companies into the country. The law, which was approved by Kenyan President Uhuru Kenyatta last week, complies with European Union legal standards, placing restrictions on how personal user data can be handled, stored and shared.

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PYMNTS

FEBRUARY 27, 2020

Such data sharing and partnerships enable service providers to augment their products for better user experiences, and increasingly, small businesses aren’t keeping quiet about their demands for richer banking services. China Dips Its Does Into Unlocking Data. Enfuce Tackles Fraud In Open Banking.

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PYMNTS

JULY 5, 2020

Due to the real-time factor, fraud can be mitigated, the release states. The offering will include flexibility, according to a press release , allowing clients to either choose BNY Melon’s services or one of the company’s Private Label Bank relationships.

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Payments User Experience New York Fraud 240

PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release.

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cryptocurrency FDIC User Experience Security 267

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. The pandemic has paved the way for fraudsters to try new avenues of attack, and is laying bare the limitations of the fraud prevention tools currently deployed.

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Fraud Examples Data Tools 208

PYMNTS

FEBRUARY 19, 2020

It’s not speed that’s driving corporates’ real-time payment roadmaps, however – convenience and data availability are at the top of their list of benefits. “Companies are beginning to understand the connection between payment flows and data flows,” he told Karen Webster in a recent discussion.

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Payments Fraud Survey Fintech 287

PYMNTS

OCTOBER 3, 2018

With our new NTAG 424 DNA tag chips, we are raising the standard for trusted product authentication while enabling a new world of unique mobile user experiences for products in just about any industry vertical.”. What’s more, manufacturers will benefit from providing a secure and personalized mobile user experience.

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Payments Source

DECEMBER 13, 2020

The e-commerce expansion borne out of the pandemic heightens the balancing act between security and user experience, a challenge Forter and Nuvei hope to address through a mix of data analysis and an expansive network of merchants.

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User Experience Analysis Payments Security 160

PYMNTS

JULY 23, 2019

Yet it’s also a process that’s built around checking an individual’s credentials against various static data sources to confirm that person is who they claim to be and are not on any kind of watch list. And it’s a process that, in a dynamic digital world, does not lend itself well to static data sources.

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Data Mobile Compliance Security 101

PYMNTS

AUGUST 7, 2019

Hiding among these legit users are fraudsters and other bad actors that are increasingly targeting sharing economy platforms. Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. In fact, 71.5 percent are asked to provide their phone numbers.

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Report Fraud Survey User Experience 182

PYMNTS

APRIL 2, 2020

The trouble, Kount ’s Chief Customer Experience Officer Rich Stuppy told PYMNTS in a recent conversation, lies in discerning a good customer from the fraudster who has stolen their payment credential, lifted their identity or taken over their account.

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Fraud Data Security User Experience 152

PYMNTS

JUNE 29, 2016

As a result, fraud prevention and security must be — and is — a top concern for digital companies. According to recently released research from PYMNTS , fraud attacks are on the rise, up 215 percent year over year. We look at our users and we try to see, are you who you say you are, and are you going to commit fraud against us?

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Fraud Security User Experience Company 100

PYMNTS

OCTOBER 19, 2020

Entrust , an identities, payments and data protection firm based in Minneapolis, on Monday (Oct. One challenge for companies is maintaining “a safe and secure flow of data ? including the data stored on physical credentials.” Sigma printers do not store customer data after successful printing is complete.”.

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Security System Cards Minneapolis 245

PYMNTS

OCTOBER 2, 2018

The data is enough to spook even the hardiest of payment professionals. In the latest Data Drivers, David Divitt, vice president of financial crime products at Vocalink , told PYMNTS’ Karen Webster that there’s some light at the end of the tunnel when it comes to battling the bad guys. Relationships Preyed Upon.

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PYMNTS

FEBRUARY 11, 2020

The future of eCommerce, and fraud prevention, is flipping the script from just stopping bad transactions to enabling personalized customer experiences. Or is there a high level of trust that deserves a VIP experience? That is why legacy fraud prevention tools are becoming less and less efficient and effective.”.

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Fraud Security Data Tools 146

PYMNTS

NOVEMBER 17, 2020

percent) who do not use mobile banking apps because they are dissatisfied with those apps’ user experience (UX). Many inroads for mobile banking were made during the past several months, but banking app adoption rates are still lower than they should be. There are roughly 47.7 million consumers in the United States (or 42.4

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