Insights on Business

NOVEMBER 1, 2018

Enterprise Fraud Management is being reinvented. Assessing revolutionary risk and compliance management solutions with outdated factors and antiquated perspectives may prevent you from seeing the bigger picture. The faster a financial institution can do this, the better it can adapt to new fraud patterns.

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Fraud Management Software Data 107

PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. 8), Airmax released the results of a 2017 survey that highlighted the potential for fleet managers to save through miles per gallon (mpg) monitoring. Commercial Fleet Sales Manager Scott McGregor in a statement at the time.

Fraud 100

Fraud Cards Survey Management 100

FICO

JANUARY 25, 2021

Customer identity management is a term that is subject to a number of definitions. The goal of CIM is to meet regulatory rules and legislation, prevent fraud and financial crime, and manage risk—all while making it simple for customers to transact. Fraud prevention. It’s important to note the differences.

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Management Fraud Customer Experience Compliance 98

PYMNTS

DECEMBER 13, 2016

Radial is an industry leader in omnichannel commerce technology and operations. With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We Radial knows a thing or two about fighting fraud.

Fraud 100

Fraud Virgin Islands Pennsylvania Taxes 100

PYMNTS

MAY 8, 2020

In an interview with Karen Webster, Carleigh Jaques, senior vice president and general manager of CyberSource , a Visa solution, said commerce is now different, especially for smaller enterprises. What we are learning now is that the definition of ‘unified commerce’ is a lot more flexible.”. Time is of the essence.

Cards 260

Cards Fraud Online Operations 260

PYMNTS

SEPTEMBER 23, 2020

Those include an anticipated wave of chargebacks from friendly fraud, and more serious cybercrime intrusions that also come with the sudden expansion of digital commerce. But the introduction of new systems also brings new cyberthreats that must be carefully managed. Getting With the MOA Program. Chargeback Hazard.

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Mobile New York City Fraud New York 245

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.

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Fraud Analytics Trends Innovation 52

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

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Fraud Analytics Compliance Management 82

PYMNTS

MAY 21, 2020

MicroTech , which provides information technology services to government entities, is partnering with cost management tool CostPerform , in order to boost functionality for IT payment processes, according to a press release. MicroTech was formed in 2004 and has worked to help customers get the best value for financing their assets.

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Tools Analysis Resources Survey 141

PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

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Fraud Compliance Security Industry 100

FICO

MARCH 11, 2020

This type of fraud is known as subscription fraud or first party fraud, where a consumer is opening an account for a subscription service (e.g., This type of fraud can constitute 10-20% of the bad debt. In this blog post I will look at: The growing problem of subscription fraud. This is not subscription fraud.

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Fraud Industry Analytics Strategy 52

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 93

PYMNTS

JUNE 15, 2017

Hedgie Bartol, Axis Communications’ business development manager for retail in North America, has some insights on why the surveillance camera alone just isn’t enough anymore. If someone is hanging around the storefront for too long, the camera feed triggers the speakers to tell the suspect to come back during operating hours.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

APRIL 28, 2020

“They’re responding to what’s going on in their environments,” noted Salzer, “whether it may be the particular statistics for hospitalizations and COVID-19-related deaths or governmental orders that may apply to their branches and operation centers.”. Digital banking will also become more widespread. “As

Digital Banking 248

Digital Banking Online Fraud Customer Experience 248

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

PYMNTS

JANUARY 9, 2020

The name “EMV” originally stood for Europay, Mastercard and Visa, the three credit card companies that developed the system, but the standard is now managed by the EMVCo consortium. The biggest obstacle is that the major card networks are setting the standards for how payment networks operate, Martz said.

Fraud 131

Fraud Cards Retail Security 131

Abrigo

JULY 17, 2019

Cybercrime is on the rise within financial institutions and other businesses and continues to be at the forefront of the minds of those in the fraud prevention field. Although not all of the following types of fraud are fully internet-based, the IC3 statistics represent the cybercrime side of these crimes.

Fraud 150

Fraud Training Software System 150

Abrigo

MARCH 4, 2022

You might also like this whitepaper, “New Account Fraud: A Behind-the-Scenes Look at Cyber Threat Actors” DOWNLOAD . The key is to be proactive and have the intelligence before the fraud,” Gibor said. You have nationalists with the Russian Federation, and you have these criminal groups operating independently.

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Exercises Leadership Fraud Resources 195

PYMNTS

DECEMBER 12, 2019

While dealing with fraud has always been a cost of doing business for merchants, the digital age has changed the game in terms of fighting off fraudsters. While some have speculated that fear of fraud is keeping some merchants out of the game, Stuppy noted that this wasn’t as big of a concern as some might think.

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Security Fraud Cards Data 132

PYMNTS

DECEMBER 18, 2020

It’s one definition of “resilience,” of which much is needed during this time of upheavals and unknowns. The three challenges firms identify as the most problematic when it comes to managing AR are high operating costs (50.1 These unwieldy processes raise operational costs and generate unnecessary errors.

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Study Innovation Payments Technology 190

South State Correspondent

JUNE 27, 2023

For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods. Operational Efficiency : By using a common standard, banks can streamline their operations, reduce complexity, and simplify their infrastructure.

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System Data Examples Payments 195

PYMNTS

OCTOBER 24, 2018

Fraud is a huge consideration for us,” Bonkowski said. From an operational standpoint, a big part of it was about trying to drill down on the cost.”. Our platform allows both our programs and the programs that we’re managing to use AML of different authentications and KYC providers,” Bonkowski said.

Fraud 166

Fraud Cards Online Data 166

Independent Banker

SEPTEMBER 30, 2021

After all, the rapid rise in fraud during the pandemic would spook anyone and definitely keeps community bankers up at night, which is why meaningful monitoring and action continue to be necessary. Cybersecurity has to be constantly managed to keep up with threats. Resourcing teams appropriately.

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Resources Community Community Bank Leadership 131

PYMNTS

JANUARY 2, 2019

And in an interview with Karen Webster, Daniel Houseman, partner of transformation program management at KPMG — which helped guide the NPP’s development — took note of the returns on investment accruing to early adopters in financial services and beyond. Businesses are looking for better ways to manage their cash flow and working capital.”

Payments 197

Payments Fraud System Cards 197

Abrigo

APRIL 12, 2021

What an LOS Is, and How It Benefits CFIs A loan origination system automates and manages the lending process to address common challenges. Definition of LOS. A loan origination system automates, manages. You might also like this report on commercial loan automation systems DOWNLOAD. Here's what a loan origination system is.

System 338

System Lending Software Analysis 338

PYMNTS

SEPTEMBER 18, 2018

EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition. According to a report in The Next Web , hackers flooded the exchange with “one billion fake EOS.”

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Security cryptocurrency blockchain Bitcoin 186

Insights on Business

DECEMBER 17, 2018

Headlines related to improper conduct, fraud, infringement of privacy data have all contributed to industry re-examining the meaning of GRC in today’s business environment. The reexamining of GRC has resulted in the evolving the definition to one that is more comprehensive and inclusive in its scope.

Compliance 121

Compliance Resources System Risk Management 121

BankBazaar

JUNE 30, 2022

The provisions defined in the new set of guidelines are applicable to every Scheduled Bank (but not Payments Banks, State Co-operative Banks and District Central Cooperative Banks) and all NBFCs (Non-Banking Financial Companies) that operate in India. The new guidelines will be in force from July 1 st , 2022.

Cards 147

Cards Guidelines Payments Operations 147

PYMNTS

SEPTEMBER 20, 2016

District Judge Alison Nathan in Manhattan as she rejected a motion to dismiss two charges against Anthony Murgio related to his alleged operation of Coin.mx. As in Jed Rakoff’s unrelated 2014 case, the New York Judge ruled that the virtual currency met that definition. Prosecutors have argued that Coin.mx

Bitcoin 100

Bitcoin New York Resources Operations 100

Gonzobanker

MAY 4, 2022

At Cornerstone, we’re observing a need to focus on the “build or buy” of key skills and knowledge at the bank for the next generation of leaders and managers. They will then need to learn where the data “nuggets” are, i.e., the information that will be actionable and have real impact on operations and performance.

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Training Survey System Data 154

PYMNTS

SEPTEMBER 18, 2019

The pair explained how these offerings keep suppliers satisfied and DPR’s partners safe from fraud. . Fixing Cash Flows, Fighting Fraud . According to Rush, meeting these payment expectations is essential to helping them manage their cash flows. . Virtual cards move payments quickly,” Phoenix said. “We Putting Cards To Work.

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Cards Phoenix Fraud Payments 116

Tomorrow's Transactions

NOVEMBER 19, 2014

Identity fraud isn’t only about people. We tend to think about identity fraud as something involving human beings, but as “The Internet of Things” expands, identity fraud will increasingly affect stuff as much as people. When it’s something like wine labels, you can see why people will co-operate to make it work.

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Fraud blockchain Security Technology 47

PYMNTS

SEPTEMBER 11, 2017

B ut once the secrets are public knowledge, you clearly cannot trust that information anymore — by definition, it is no longer a secret.” . The faster companies move to those relatively advanced techniques, said Blake Hall, the lower the risk of being the victim of fraud and breaches — and the risk to businesses. .

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Fraud Data Course Security 136

Accenture

FEBRUARY 22, 2017

And there are many others, spanning functions from KYC and data protection to anti-fraud and regulator solutions. In such a fast-moving field, the definition of RegTech is fluid. Regulation bleeds over into every area of a bank’s operations, meaning new compliance issues are emerging all the time.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

And there are many others, spanning functions from KYC and data protection to anti-fraud and regulator solutions. In such a fast-moving field, the definition of RegTech is fluid. Regulation bleeds over into every area of a bank’s operations, meaning new compliance issues are emerging all the time.

Compliance 150

Compliance Regulation Innovation Fintech 150

Insights on Business

APRIL 21, 2017

Practical experience suggests cognitive systems can be extremely effective facilitators of change in managing risk and compliance, whether it is to understand the constantly changing regulations, or to address the compliance requirements. It can detect and halt fraud in milliseconds. The system can learn.

Technology 156

Technology Compliance Regulation Training 156

PYMNTS

APRIL 3, 2020

There is a lot to consider, said Manish Vrishaketu, chief operating officer at supplier payments automation firm Tipalti , from vendor onboarding processes to tax compliance across borders. High-Growth, High Complexity.

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Taxes Compliance Payments Data 131