PYMNTS

JANUARY 31, 2020

Debit is a core payment method in the U.S. A 2018 survey found that 40 percent of American financial institution (FI) customers in this age bracket reported debit cards as their go-to payment instruments, while 36 percent favored credit cards. These fraudsters can then sell the illicitly obtained payment data or use it in eCommerce.

Fraud 148

Fraud ATM Cards Security 148

PYMNTS

FEBRUARY 12, 2019

The ideal — the goal of ongoing work across much of the digital payments and commerce industries — is to join two related, but distinct, tasks in the hopes of bringing more security and convenience to financial and retail transactions. The Hot Thing. According to Pointner, that would be facial recognition technology. Tipping Points.

St. Louis 144

St. Louis Mississippi User Experience Knowledge Base 144

PYMNTS

APRIL 23, 2020

Bad actors trying to scam automobile insurers may say their cars are worth more than they actually are so they can get larger payouts, for example. Visual analytics systems can inspect an image of a damaged car, for example, make an educated estimate of the cost to fix it and compare that to the customer’s claim.

Fraud 151

Fraud Company System Examples 151

PYMNTS

SEPTEMBER 6, 2018

Many FinTech firms operate with an on-demand mentality — services, payments and lending done 24/7, across time zones and currencies. There also is what is being billed as a “plugin knowledge base” that offers implementation and reference guides, along with videos. they can take place with tokens classified as securities.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

SEPTEMBER 19, 2019

billion customer records — occurred in the first six months of 2019, for example. are limited in the customer data they can use thanks to the General Data Protection Regulation ( GDPR ) and revised Payment Services Directive ( PSD2 ). A reported 3,813 data breaches across a number of industries — collectively exposing 4.1

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

APRIL 4, 2019

The Citi study referenced above, for example, found 87 percent of Americans would still trust traditional banks more than non-bank financial institutions. It might mean incorporating innovative payment experiences like Zelle directly into their mobile offerings. The Unique Relationship.

Mobile 169

Mobile Study Security social media 169

PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. He gave a telling example: he and a colleague once conducted an experiment where Dewey dialed the call center listed on the back of the other’s credit card. While the roll-out of EMV in the U.S.

Fraud 107

Fraud Cards Houston Retail 107

PYMNTS

OCTOBER 7, 2019

Nav’s primary tool in determining that authenticity is Experian’s Precise ID platform, which leverages knowledge-based authentication (KBA) by asking users questions about their credit reports. It] could ask you a question like, ‘What was the monthly payment on the car you owned 10 years ago?’

Tools 101

Tools Data Security Fraud 101

NCR

APRIL 23, 2018

The implementation of the EU’s Second Payment Services Directive, better known as PSD2, is now complete, with all countries within the bloc required to have enacted its provisions into their national law as of January 13th this year. But for the second, there will be many factors to consider when making a decision.

Fraud 72

Fraud Knowledge Base Guidelines Security 72

PYMNTS

MARCH 14, 2017

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Some “old school” methods that worked in the past aren’t working anymore. In the U.S.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

NCR

DECEMBER 20, 2017

The modern financial services industry encompasses an expanding array of channels through which consumers can log into their accounts, authorize transactions and make payments. What contingency plans are in place if a consumer’s biometric data is somehow stolen or compromised in a data breach, for example?

Security 77

Security Knowledge Base blockchain Analysis 77

NCR

DECEMBER 15, 2017

The UK-based banks TSB and Barclays have recently enabled mobile iris scanning and voice payments via Siri , for example. These might involve the use of one-time passcodes or knowledge-based authentication.

Fraud 96

Fraud Security Knowledge Base Analysis 96

FICO

JUNE 8, 2020

Fraudsters buy compromised data (credentials, ID documents, personally identifiable information or payment details). This can include credentials, such as usernames and passwords, identity documents, knowledge-based information and payment details. Once harvested, the data is sold. Generally, speed is their focus.

Fraud 52

Fraud Training Data Knowledge Base 52

PYMNTS

SEPTEMBER 19, 2016

The media has declared chatbots the digital version of the little black dress: a technology staple that every brand must now have and every payment type must now commerce-enable. Is it “a bot time” for peeps in payments to get on board and confront the reality that bots are today what apps were in 2007 and 2008?

Payments 100

Payments Mobile Apple Google 100

PYMNTS

NOVEMBER 15, 2017

In a recent discussion with PYMNTS’ Karen Webster, David Barnhardt, executive vice president of product at service payment and verification solutions provider GIACT , noted such preemptive and proactive mindsets are necessary where customers apply for accounts or transact digitally.

social media 100

social media Fraud Knowledge Base Data 100

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Demo: Sezzle app with knowledge based authentication to link bank accounts. They help you focus and prioritize Accounts Receivable, based on payment histories and risk. Then confirm identity with knowledge based authentication.

Video 40

Video Mobile social media Analytics 40

PYMNTS

APRIL 11, 2017

The reason Yahoo was targeted, said Geiman, was because bad guys wanted to get the answer to knowledge-based questions. Payments remains an ecosystem that demands multiple systems in place to guard against fraud. While you are finishing the application, we are doing the authentication,” he said.

Data 101

Data social media Fraud Online 101