Sat.Mar 14, 2020

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eCommerce Fraud Presents A $12 Billion Problem

PYMNTS

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. Conservative estimates put online sales at $630 billion this year. At the same time, a new report shows that fraudsters will take more than $12 billion off the table. That doesn’t count alienated customers who are ready to pull the trigger on social media with a bad review.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Here is what my family is doing to reduce the risk of contracting or spreading coronavirus: 1. Washing hands with greater discipline for 20 seconds per wash. Which is difficult. I'm singing the "Baby Shark" song. 2. Daily disinfecting of frequently touched surfaces such as phones, keyboards, handles, etc. 3. Coughing and sneezing into our elbows. 4.

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Kombucha, Bingeing, Legos And Wine: How We’ll Keep Busy In Quarantine

PYMNTS

In 1987, Disney launched one of the more successful ad campaigns in its history. It ran right after the Super Bowl game between the New York Giants and Denver Broncos when winning the Giants’ quarterback, Phil Simms, was asked a question that we at PYMNTS wholly approve of: “What’s next? Simms gave the answer that has since become so famous as to become a meme: “I’m going to Disney World!”.

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FICO Statement Regarding Antitrust Investigation

FICO

On Friday, March 13, 2020, FICO was notified that the U.S. Department of Justice, Antitrust Division, opened a civil investigation into potential exclusionary conduct by FICO. FICO intends to fully cooperate with the Department of Justice and looks forward to a constructive dialogue about the state of competition in our industry. . Lenders have multiple choices of analytic models to use in credit decisioning and are free to choose the credit score that works best for them.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper