PYMNTS

MAY 28, 2019

But let’s not forget the role of the teenager in digital retail, financial services and transactions. According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. Retail and Teenagers. The latest evidence of that comes from Europe.

Digital Banking 139

Digital Banking Google Mobile Groups 139

FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52

Fraud Technology social media Innovation 52

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

Fraud 148

Fraud Security Resources Survey 148

Celent Banking

MAY 20, 2016

Left to right, Martin Pilecky, CIO Alfa-Bank; Gary McAlum, SVP Enterprise Security Group USAA; Joan McGowan, Senior Analyst Celent). ALFA-BANK: SETS THE STANDARDS FOR BASEL COMPLIANCE IN RUSSIA. USAA: SECURITY SELFIE, NATIVE FINGERPRINT, AND VOICE SIGNATURE. They demonstrated: Degree of innovation. Degree of difficulty.

Security 113

Security Fraud Case Study Risk Management 113

PYMNTS

OCTOBER 4, 2019

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions , much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. Goldman’s Marcus Has Lost $1.3B

Fraud 108

Fraud Google Apple Chicago 108

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. But the online shift has also created opportunities for financial institutions to demonstrate their strong fraud controls in the digital space.

Customer Experience 59

Customer Experience Survey Fraud Cards 59

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. The consumer bank will be divided into one section focused on consumer lending, and the other on branches and small businesses.

Retail 141

Retail Cards Millennials Fraud 141

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

OCTOBER 4, 2019

Taco Bell is bringing self-ordering digital kiosks to its restaurants across the country. In digital banking, consumers want the type of financial services control that could potentially decrease their risk for fraud and leave them responsible for more authentication tasks.

Fraud 116

Fraud Digital Banking Data Retail 116

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Or watch its digital disruption. Payments Security As A Digital Business Enabler.

Security 100

Security CA Payments Big Data 100

PYMNTS

SEPTEMBER 30, 2020

Sometimes they’re just looking for more information, but other times they skip right to demanding chargebacks because they’re quite sure these purchases aren’t theirs and that they’ve been victims of fraud. Depending on the industry, friendly fraud can account for anywhere from 25-80 percent of all fraud losses.

Cards 220

Cards Online Fraud US 220

NCR

APRIL 5, 2016

The continuous evolution of online and mobile banking has provided consumers with the ability to have this anytime, anywhere experience, but the tradeoff between securing access and providing a positive user experience seems to be at odds. New approaches must be in place to ensure security.

Digital Banking 40

Digital Banking Security User Experience Mobile 40

Gonzobanker

MARCH 28, 2024

In fact, according to Cornerstone’s What’s Going On In Banking 2024 report, 14% of banks and 20% of credit unions stated that they are less than 25% complete with their digital transformation. Bank and credit union leaders must love their due diligence! Choosing a new partner is no small feat.

Digital Banking 133

Digital Banking Customer Experience Strategy Exercises 133

PYMNTS

JULY 3, 2019

ANZ , Commonwealth Bank , IBM , Scentre Group and Westpac have announced they are partnering to launch a live pilot for Lygon, a new digital platform using blockchain technology to digitize the bank guarantee process needed for retail property leases.

blockchain 164

blockchain Retail Technology Customer Experience 164

PYMNTS

NOVEMBER 30, 2018

In the latest Digital Fraud Tracker , PYMNTS examines the latest cybercrime threats facing retailers, financial institutions (FIs) and other companies doing business online, and the tools and technologies being used to fight digital fraud. Around The Digital Fraud World . About The Report.

Fraud 185

Fraud Survey Trends Tools 185

PYMNTS

FEBRUARY 28, 2017

It’s already been a big year for biometrics, and with everyone from big banks to major retailers investing in the technology, that trend is unlikely to subside any time soon. . HYPR, for example, debuted what it is calling a biometric shopping platform at the National Retail Federation’s BIG Show in New York City in January.

New York City 100

New York City Fraud Security New York 100

FICO

MAY 19, 2020

History tells us that things like natural disasters, times of economic instability, and fears of recession or unemployment provide the perfect environment for increased fraud and financial crime. So, I thought I would outline my top 5 fraud manager considerations during COVID-19. Examples include fake emails from CDC, WHO, and FEMA.

Fraud 52

Fraud Management Handbook Cards 52

PYMNTS

SEPTEMBER 24, 2019

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Read more in the Tracker.

Mobile 246

Mobile Payments Apple Millennials 246

PYMNTS

SEPTEMBER 29, 2020

This can lead to consumers contacting their banks, which could incur costs and waste time with unnecessary chargebacks. Mastercard, through its collaborative fraud and dispute resolution technology Ethoca , will now offer a new version of online statements with added logos and clear business names for each transaction.

Online 243

Online Guidelines Study Fraud 243

Celent Banking

NOVEMBER 11, 2015

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems and network security.

Cyber Security 100

Cyber Security Regulation Security New York 100

PYMNTS

DECEMBER 14, 2020

The Modern Central Bank Sandbox, according to the release, will help smooth out challenges in banking with things like "exclusion, KYC, SME lending, cross-border payments, AML/fraud," and will also enable them to innovate safely with effective oversight and quicker time to market.

Policies 234

Policies Innovation Lending Fraud 234

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? According to the J.D.

Customer Experience 71

Customer Experience Retail San Diego Study 71

PYMNTS

MARCH 2, 2020

When hackers hit Pennsylvania-based fuel and convenience retailer Wawa, they made off with the credentials of potentially thousands of credit union members. That sounds ominous because it is, and CUs that don’t take identity fraud and cybertheft super seriously face losing more than what hackers steal.

California 130

California Fraud Pennsylvania Community 130

PYMNTS

NOVEMBER 27, 2019

Though FinTech firms have kick-started the competitive landscape, traditional FIs are also viewing these new market entrants as valuable partners that can enable the rollout of digital banking products more quickly than if those banks were to develop solutions in-house. As the U.S.

Fraud 111

Fraud Fintech Digital Banking Payments 111

PYMNTS

SEPTEMBER 28, 2020

The aim of doing so is to create a more robust framework for digital banking. Yet many Middle Eastern countries are operating under data privacy or protection rules that have not been upgraded in decades, something that could leave their banks, businesses and consumers open to increasing fraud.

Online 151

Online Report Payments Regulation 151

Gonzobanker

AUGUST 17, 2022

Digital Engagement Had Great Attendance and Extracurriculars. Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B.

Fintech 182

Fintech Lending Software Compliance 182

PYMNTS

OCTOBER 19, 2018

Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), told PYMNTS that these rumors are likely the result of an overzealous watchdog, or security vendors that are hoping to create a market for their offerings. So I think [banks] need to be vigilant. Using data to fight fraud.

Fraud 100

Fraud Knowledge Base System Tools 100

PYMNTS

JULY 30, 2019

Nearly 40 percent of them would consider leaving their current CUs because of inconvenient services or inability to address problems and data security concerns. In July, midwest-based Cobalt Credit Union introduced video banking services and the ability to transact and open a new account remotely. percent cited data security and 60.8

Innovation 115

Innovation Fraud Mobile Video 115

Cisco

MAY 29, 2019

In retail banking, it’s clear customer experience matters, and the stakes have never been higher. But, when it really comes down to it, how can banks, saddled with regulations and security challenges, compete with the experiences offered by customer-obsessed tech powerhouses and agile fintechs? According to the J.D.

Customer Experience 48

Customer Experience Retail San Diego Study 48

PYMNTS

AUGUST 23, 2019

Among the stories we ran over the past few days is a deep look at the problems with Chase Pay, new information about AI fighting fraud, new research into the gig economy and subscriber churn, and a feature about the risks of online disaster relief efforts. Visa Debuts AI-Powered Fraud Fighting Tools. Trackers and Reports.

Lending 109

Lending North Carolina Fraud United States 109

PYMNTS

MAY 9, 2017

What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method. HYPR, for example, debuted what it is calling a biometric shopping platform at the National Retail Federation’s BIG Show in New York City in January.

Mobile 137

Mobile Payments New York City Samsung 137

PYMNTS

OCTOBER 1, 2020

Security and fraud risk is also reduced, he said. The emergence, and embrace, of platforms, he said, can help bridge the great divide between the in-store, hardware laden (via terminals and NFC readers) and online payment processes, which revolve around tokenization, card not present transactions and other digital hallmarks.

Payments 271

Payments Colorado Marketing Cards 271

Insights on Business

DECEMBER 27, 2017

You would be hard-pressed to find tech industry jargon spoken and written about as much as the secure ledger technology known as blockchain. Highlighted in the blog are the prominent benefits of blockchain technology, trust and security. The future of financial services: The cognitive bank”. Banking the unbanked in India”.

Fintech 129

Fintech blockchain Fraud United States 129

Accenture

OCTOBER 3, 2017

Now, with PSD2 implementation across Europe just a few months away, new research from Accenture points to a major opportunity for UK banks: We’ve found that more than two-thirds (69 percent) of UK consumers say they won’t share their personal financial data with third-party providers. Fear of fraud is the primary factor.

social media 151

social media Millennials Online Fraud 151

PYMNTS

AUGUST 10, 2017

It’s been a little over a year since our Digital Banking Tracker heralded the “ Dawn of Banking Voice Technology.” Now it’s more like the high noon of banking voice technology, with most major banks hosting their own incarnation — all with slightly different capabilities and adoption rates. Santander U.K.

Security 156

Security Technology Fraud User Experience 156

FICO

JUNE 15, 2023

Now, I can practically send, transfer, or pay by accident by simply looking at my smartphone, which can make fraud prevention a real challenge. It’s about time we add some sensible friction to the real-time payment process as we race hellbent-for-leather down the digital freeway.

Fraud 52

Fraud South Carolina Survey Management 52