PYMNTS

SEPTEMBER 19, 2019

Merchants and FIs have been turning to such solutions to help customers quickly and securely transact. The following Deep Dive examines how AI technology is being deployed on the anti-fraud front lines. . The following Deep Dive examines how AI technology is being deployed on the anti-fraud front lines. .

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Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing.

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Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct. In the event of possible fraud, members are alerted quickly and securely using their preferred method of communication.

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PYMNTS

NOVEMBER 11, 2020

Kount , which works in fraud prevention and identity trust, has rolled out its new Event-Based Bot Detection solution, which will provide a more comprehensive level of security for eCommerce, according to a press release emailed to PYMNTS. And today, we’re taking the next step with Event-Based Bot Detection.

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Fraud Security Policies Innovation 147

PYMNTS

OCTOBER 5, 2020

Securities and Exchange Commission (SEC) charged John McAfee for allegedly touting investments in initial coin offerings (ICOs) to Twitter followers without saying that he received payment for doing so, according to a press release. The computer coder and businessperson’s bodyguard, Jimmy Watson Jr.,

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PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Fighting Fraud Visibly and Invisibly. STACK’s mobile app provides budget management and spending accounts, among other services.

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PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. Shares fell on the news.

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PYMNTS

OCTOBER 8, 2020

MTN Uganda, Stanbic Bank Uganda and Airtel Africa ’s local unit said in a joint statement that the event had "impacted bank-to-mobile money transactions," according to Bloomberg. Mobile money is a big market in Africa for making payments. That has made it easy for fraudsters to implement their plans and steal peoples' money.

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Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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social media Fraud cryptocurrency Trends 195

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. Their ability to market and add banking functionality … is a natural fit.”.

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PYMNTS

OCTOBER 12, 2020

In marketing, Amazon and Walmart are busy getting ready for what could be the largest shopping week of the year, with Prime Day and other events approaching. Data: $5.5M : Amount of funding recently secured by social impact commerce platform ShoppingGives. consumers stating that security is important when shopping online.

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Retail Innovation Technology Security 146

Perficient

FEBRUARY 22, 2023

AI is increasingly being used to automate a variety of tasks in financial services institutions, including customer service, fraud detection, and loan applications. Blockchain technology is being used to create secure, decentralized ledger systems that can store and transfer data in a transparent and secure manner.

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FICO

MAY 18, 2023

The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

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Fraud Technology social media Innovation 52

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

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Fraud Payments Innovation Industry 125

PYMNTS

SEPTEMBER 17, 2020

But they have grown in popularity in markets that are not stable. Department of Homeland Security is running a contest for the development of a digital wallet, CoinDesk reported. 27 at a digital event. Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States.

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Bitcoin ATM Security cryptocurrency 178

Insights on Business

FEBRUARY 13, 2019

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry. Phishing attacks.

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PYMNTS

FEBRUARY 9, 2017

With more than $15 trillion in the stock market, improving the liquidity of investments is seen by many financial professionals as an essential step toward greater efficiency and reduced risk. E, and absent Reg E, they had no mechanism to deal with customer allegations of fraud or error. And they have something else in common.

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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.

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Technology Fraud Data Security 142

PYMNTS

OCTOBER 9, 2020

told PYMNTS that the FBI has found email fraud already costs businesses and individuals $3.5 And “IT departments” asking for passwords to help improve security while everyone works remotely is another, Reichel said. Leigh Reichel , new chief financial officer of cybersecurity firm INKY Technology Corp. Business Email Compromise.

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FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). Possession – something you have (e.g

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Fraud Survey Cards Customer Experience 52

PYMNTS

APRIL 14, 2017

While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.

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FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. Vaccine passports and certificates are now in use as proof of vaccination when travelling or attending certain events and venues. Despite their views, many still want to travel and attend those events that require proof of vaccination.

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Fraud Management Data Trends 52

NCR

AUGUST 7, 2017

As contactless card transactions become increasingly common in markets such as the UK and on public transit globally, it seems inevitable that there will be growing concerns around the potential for fraudsters to exploit this form of payment. million lost to contactless fraud in 2015. percent of total card fraud in the UK.

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Fraud Cards Security Comparison 85

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. As Don Bush, VP of Marketing at Kount , recently told Karen Webster , knowing what’s coming can better prepare you to defend yourself. But the start of any good operation must begin with a good plan.

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Fraud Cards Data Tools 138

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. First-party fraud losses - including true name and synthetic identity fraud - can peak to 10 times the size of third party fraud.

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PYMNTS

FEBRUARY 27, 2020

Grubhub Subscription Service Aimed At Boosting Slumping Market Share. The subscription provides unlimited free delivery, 10 percent cash back, VIP events and other rewards. How Dropbox Fights Fraud. Grubhub has a new addition to its lineup of offerings for customers — a paid subscription service it rolled out on Wednesday, Feb.

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US Fraud Payments Conference 150

PYMNTS

MARCH 8, 2017

7), Bluefin Payment Systems announced its new partnership with international online payments and fraud and data management solutions provider First Atlantic Commerce (FAC). RM: FAC is the first payment processor to provide a PCI-validated P2PE solution to the LAC market through Bluefin’s decryption-as-a-service model, Decryptx.

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Marketing Payments Regional Security 101

FICO

FEBRUARY 16, 2023

While this alone should give pause, when combined with the fact that there were an average of 185 cards compromised per skimming event, banks and consumer should all be wary when using any ATM, point of sale terminal, or other location where a card skimmer could be potentially located.

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Cards US Data Fraud 98

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. What’s great about virtual conferences is that you can register , today, to attend.

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Customer Experience Fraud Strategy Compliance 59

PYMNTS

APRIL 1, 2020

” Professionals working from home and relying on their personal cell phones to conduct business presents new challenges in combating B2B payments fraud, while empty offices have also threatened the B2B ecosystem’s ongoing use of paper checks with no one available to print or sign the documents. ”

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Marketing Retail Fraud Examples 160

PYMNTS

OCTOBER 1, 2020

For one firm, AeroPay — focused on bringing payment services to underserved markets — the cannabis market is but one that can benefit from the great digital shift for payments done in person or online. Security and fraud risk is also reduced, he said. Looking Toward Underserved Markets .

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PYMNTS

SEPTEMBER 23, 2020

market as regulatory restrictions were lifted from online gambling in recent years. professional sports seasons get delayed due to the coronavirus, players will identify alternative events that whet their gambling appetites. “I If that’s not the gaming site itself, it might just be the consumer’s lax security habits.

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Online Security Cards User Experience 221

PYMNTS

JULY 7, 2020

On Monday, Wirecard executive Oliver Bellenhaus, 46, was arrested in Munich for his alleged central role in the massive worldwide fraud case enveloping the company. The 51-year-old executive faces charges of accounting fraud and market manipulation designed to artificially inflate the financial technology company’s balance sheet.

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Fraud Financial Technology Meeting Report 191

PYMNTS

JULY 22, 2019

Unfortunately, also adding heat this week was the world of fraudsters and hackers – with a few pretty sizable security blips and glitches. KeyBank’s Costly Payroll Fraud Problem . According to the filing, the event occurred at the beginning of Q3. percent and the company lost about $178 million from its market cap.

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William Mills

NOVEMBER 15, 2017

The event hosted attendees from more than 4,500 different companies and 85 countries as well as more than 400 speakers. a security consultant who famously committed bank fraud and in his early life for which he served prison time. Needless to say, this was a big show! In fact, this year marks his 40 th year with the Bureau.

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PYMNTS

MAY 6, 2020

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018. This includes exploring emerging anti-fraud solutions and the challenges arising in this space as fraud grows more complex. One recent breach at U.S.

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Data Fraud Tools Technology 181