PYMNTS

AUGUST 5, 2019

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. The Whole New World of Check Fraud.

Fraud 162

Fraud Payments Mobile Handbook 162

PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

Fraud 117

Fraud Data Management Analytics 117

PYMNTS

JUNE 15, 2017

Security isn’t just about catching the bad guys as they run away with store merchandise. And as part of a network, they can be a key piece in the preventative puzzle, triggering other elements of the security suite to activate. And surveillance isn’t just about identifying bad guys after the fact.

Fraud 101

Fraud Security Video Retail 101

PYMNTS

JUNE 14, 2018

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

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Bitcoin Security San Francisco cryptocurrency 159

PYMNTS

JANUARY 30, 2020

This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Fraud 107

Fraud Payments Regional Strategy 107

PYMNTS

SEPTEMBER 18, 2018

A cyberattack on what’s been described as a “decentralized” token exchange reportedly has led to a $58,000 theft and an illustration of a “shocking security vulnerability.”. The EOS network recently took the top spot in an evaluation of blockchain networks by China’s Ministry of Industry and Information Technology (MIIT), CoinDesk reported.

Security 186

Security cryptocurrency blockchain Bitcoin 186

PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. First, let’s get some terms straight, at least for use among the payments and commerce communities.

Fraud 184

Fraud Cards Data Maine 184

PYMNTS

OCTOBER 19, 2018

The Nationwide fourth annual business owner survey released at the end of last month, which surveyed 1,000 small and mid-sized business owners about their views on cybersecurity, found that an overwhelming majority – 91 percent – use connected technology. Automation also provides the ability to aggregate data.

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Study Security Survey Data 191

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.

Fraud 100

Fraud Compliance Security Industry 100

PYMNTS

APRIL 7, 2017

With President Trump’s claim of voter fraud on a massive scale in the 2016 presidential election, it may be time for the country to rethink its voting process. This isn’t the first time that there have been issues with voting in the United States — or wild claims of voter fraud. While there are currently no voting systems in the U.S.

blockchain 102

blockchain Technology United States Florida 102

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Studies abound on the impact of payments fraud, said Volmar. percent of fraud?”. It’s unlivable.

Security 101

Security Online blockchain Fraud 101

PYMNTS

APRIL 25, 2019

Homesharing platforms must make more traditional rental assurances and double down on user verification if they want to stay compliant, said Hugo Monteiro, co-founder and technology advisor for homesharing platform Spotahome. Security and the Homesharing Platform. GDPR and the Future of Home Rentals.

Security 100

Security Data Regulation Mobile 100

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The first EMV card was developed in 1994, but the technology did not begin circulating worldwide until the new millennium.

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

JUNE 29, 2016

While security development continues to get more sophisticated, fraudsters keep getting smarter. 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.

Fraud 100

Fraud Security User Experience Company 100

FICO

APRIL 7, 2022

Be fascinated by your customers, not your technology. This blog discusses another crucial aspect of financial services, which is secure digital banking and the fundamental duty of banks to make customers feel that their assets are safe. Customers expect financial institutions to provide an ample amount of security and protection.

Digital Banking 52

Digital Banking Security Fraud America 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.

Fraud 82

Fraud Analytics Compliance Management 82

PYMNTS

MAY 1, 2017

In the attack’s wake, SWIFT released its Customer Security Program, providing its bank clients a set of guidelines to follow and enhance their own cybersecurity capabilities. What concerns me most about fraud is that the criminals have access to the same technologies that we do to try to stop them,” he recently told PYMNTS.

Fraud 143

Fraud Security Guidelines Payments 143

PYMNTS

DECEMBER 5, 2019

Users demand both ironclad security and seamless login experiences, and biometrics are being incorporated into hardware solutions to meet these desires. The Deep Dive examines the seemingly never-ending arms race between the providers enacting new security protocols and the bad actors creating new techniques to thwart them.

North Carolina 142

North Carolina Security System Fraud 142

FICO

JULY 30, 2019

Before getting started, CSPs should determine who “own”’ and is accountable for subscription fraud. Is it the fraud team? Also, is there a clear and agreed fraud risk appetite that has exec sponsorship and is agreed by all stakeholders? In part, this is due to the ever-changing nature of fraud. Credit risk?

Fraud 52

Fraud How To Analytics Analysis 52

PYMNTS

DECEMBER 3, 2018

Fraud is a huge problem for digital marketplaces, particularly those like OfferUp, which also connects consumers who want to buy or sell items. These platforms risk losing business if buyers and sellers do not trust them to guard against digital fraud, according to Nick Huzar, CEO and co-founder of OfferUp. “Our

Fraud 108

Fraud Customer Experience Security Analytics 108

FICO

DECEMBER 15, 2020

It is true that the pandemic has accelerated the majority of digital trends and challenges this past year; I believe the “COVID effect” will persist strongly into 2021, which brings me to three broad predictions: Consumer spending patterns will remain in flux, requiring financial institutions to keep their guard up as fraud patterns change quickly.

Fraud 52

Fraud Compliance Management Software 52

PYMNTS

AUGUST 2, 2017

In today’’s fast-moving, tech-infused retail arena, one of retailers’ top vulnerabilities centers around their ability to data security. retail data breaches have dropped from 22 percent to 19 percent year over year, 88 percent of senior security executives in the retail industry feel vulnerable to cyberattatcks.

Retail 100

Retail Fraud Security Data 100

PYMNTS

AUGUST 2, 2019

To combat fraud — especially phishing — united we stand? As noted in the latest Digital Fraud Tracker , phishing attacks are up 76 percent this year compared to last year. I would say being more conservative definitely is the right approach,” Xie advised. Before the Inbox.

How To 198

How To US Fraud Security 198

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. Customer screening.

Management 98

Management Fraud Customer Experience Compliance 98

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.

Tools 141

Tools Analysis Resources Survey 141

FICO

NOVEMBER 12, 2019

Today’s post is about solving the elusive problem of first-party fraud and features commentary from Julie Conroy (Research Director at Aite Group) and Jack Alton (CEO at Neuro-ID). An executive who owns P&L for a consumer lending product line at a large bank was asked about first-party fraud and he compared the problem to a black hole.

Fraud 40

Fraud Resources Industry Groups 40

PYMNTS

APRIL 24, 2020

As Thorness explained, their embrace of ACH processing technologies is likely to have far-reaching impacts into how they send and receive payments with government suppliers, too, particularly as ACH innovation accelerates. “There is a great emphasis on data security,” he said. That’s something that could end careers.

Innovation 161

Innovation Payments System Data 161

FICO

JULY 30, 2019

There are a number of controls and tools that leading CSPs are putting in place to reduce financial losses from subscription fraud , the topic of my last two posts. Before getting started, CSPs should determine who “own”’ and is accountable for subscription fraud. Is it the fraud team? Credit risk? Revenue assurance?

Fraud 40

Fraud How To Analytics Analysis 40

PYMNTS

JANUARY 10, 2020

The rapid spread of networks and communicative technologies, including 5G, is definitively contributing to this growth, as such networks make it possible for IoT-connected devi ces to send and receive messages, as well as other data, much more quickly and efficiently. Around The IoT World.

Technology 132

Technology Fraud Trends Tools 132

Banking 2020

OCTOBER 22, 2014

From the retail point of sale to core banking systems, online security issues have dominated financial headlines in 2014. But amidst the reports of one data breach after another, check fraud has remained a constant thorn in the industry’s side, with 82% of U.S. Why is ultraviolet technology more secure than other technologies?

Technology 57

Technology Fraud Security Study 57

PYMNTS

NOVEMBER 20, 2018

These challenges are often intertwined: Suppliers will not broaden acceptance of commercial cards unless reconciliation and security capabilities are improved, for example. According to Cardknox Chief Technology Officer Yanky Weiss, tokenization of a card on file is important to a fully integrated commercial card program.

Cards 118

Cards Fraud Taxes Data 118

PYMNTS

JANUARY 26, 2021

Along with the new Alexa capabilities, Amazon is also rolling out its Guard Plus home security subscription service. per month, Guard Plus will turn Alexa into a security guard of sorts, which will alert its owner if it picks up on certain types of sounds in the home. As the technology is evolving, consumer enthusiasm is expanding.

Millennials 175

Millennials Data Trends Security 175

PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated.

blockchain 184

blockchain Data Technology Security 184

Insights on Business

AUGUST 22, 2018

Integrating the content and enabling the assessment of applicability of regulatory changes through technology makes the process more efficient and effective while allowing meaningful changes to be made. IBM’s innovative technology , powered by Watson, offers that end-to-end approach. An innovative, end-to-end approach.

Compliance 79

Compliance Innovation Technology Policies 79

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

PYMNTS

APRIL 1, 2020

Debit cards secured with PINs came into wide use in the 1990s, and regional card networks often processed such payments at the time. POS systems that accept PIN-authenticated payments transmit card details to debit network operators that then assess transactions’ associated fraud risks. Online sellers could instead rely on 3D Secure 2.0

Cards 141

Cards Payments Security Fraud 141