Visa flags rising in-person fraud
Payments Dive
OCTOBER 6, 2022
The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits
Payments Dive
OCTOBER 6, 2022
The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits
Payments Source
MAY 23, 2021
Risk Authentication Payment fraud
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Payments Dive
JUNE 30, 2022
Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal
Payments Dive
JANUARY 5, 2023
Industry efforts to fight card fraud are making an impact, with transactional losses per $100 trending downward, according to the Nilson Report
Payments Dive
OCTOBER 27, 2020
Fraud is something that continually affects the financial industry. Mike Lemberger, senior vice president and regional risk officer for Visa, North America, explains ways that Visa is helping disrupt fraud before it costs consumers and businesses
Payments Dive
OCTOBER 26, 2022
The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight
Payments Dive
APRIL 27, 2022
senators said the company's platform leaves consumers exposed to fraud, with little ability to recover lost funds. In a letter to Zelle's CEO, two U.S. “Your company and the big banks who both own and partner with the platform have abdicated responsibility," they said
Payments Dive
SEPTEMBER 29, 2022
Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives
Abrigo
DECEMBER 27, 2022
Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. No fraud decrease likely for 2023. billion to fraud in 2021, a 70% increase over the prior year. million fraud victims.
Payments Dive
NOVEMBER 17, 2020
Mobile Payments Today interviewed André Ferraz, the CEO and co-founder of Incognia, a private identity company that provides fraud prevention by using frictionless identity location verification
PYMNTS
AUGUST 5, 2020
losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Even small states saw huge increases in COVID-related fraud in recent months. SocialCatfish.com, the identity verification nonprofit, reported U.S.
Payments Dive
OCTOBER 31, 2022
Elizabeth Warren told the Consumer Financial Protection Bureau that it should amend Regulation E of the Electronic Fund Transfer Act “to increase consumer protection &rdquo
American Banker
SEPTEMBER 14, 2022
Fraud detection Fraud Technology
PYMNTS
DECEMBER 28, 2020
Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically.
PYMNTS
JUNE 29, 2020
In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.
Abrigo
MAY 20, 2022
Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for.
Payments Dive
JUNE 21, 2022
With friendly fraud, fintechs don’t always consider the whole picture when it comes to fraudulent disputes
Payments Dive
MARCH 16, 2020
To streamline the enrollment process, while reducing the potential for fraud, GIACT released a new white paper, Mitigating Mobile Network Fraud with Secure Subscriber Enrollment , detailing the best practices in secure digital enrollment
Abrigo
NOVEMBER 1, 2021
Combating Cyber-Enabled Fraud Requires Communication Increases in cybercrime or cyber-enabled fraud deserve attention from financial institutions, as Abrigo expert Terri Luttrell explains in this video. . Combining BSA and Fraud departments? Get the latest on fraud detection.
Payments Source
APRIL 5, 2021
Banking Compliance Payment fraud AML
Bank Innovation
APRIL 20, 2016
Online Operations Security Technology Aite Group fdic fraud hackers JPMorgan Chase phishing Q2The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. A common attack against a Read More.
PYMNTS
FEBRUARY 27, 2020
Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 Developments From Around The World Of Digital Fraud.
Abrigo
JANUARY 14, 2021
How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? PPP Fraud Spikes. Fraud Trends.
PYMNTS
AUGUST 24, 2020
In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Fitzhugh warned, "Invoice fraud is not a victimless crime.
Abrigo
DECEMBER 28, 2022
Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog.
Payments Dive
AUGUST 5, 2022
The partnership is aimed at arming merchants with digital tools to reduce chargebacks, cut costs and combat fraud
Payments Dive
DECEMBER 2, 2022
Fintechs like Womply and Blueacorn provided the “paths of least resistance” for fraudsters bilking the federal Paycheck Protection Program, a House subcommittee said Thursday
PYMNTS
AUGUST 3, 2020
When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. ” Paper checks are a particularly weak spot for organizations as check fraud balloons. Fraud Captures Faster Payments Council Attention. Million Fraud Scam Leads To Charges Against CEO.
American Banker
JANUARY 11, 2023
Artificial intelligence Fraud Technology
PYMNTS
SEPTEMBER 28, 2020
Morgan Chase is stepping up its payment fraud protection services for small- to medium-sized businesses (SMBs) to help them combat scam and fraud attempts, Reuters reported. B2B Payments B2B banking fraud JPMorgan Chase News SMBs What's Hot In B2B
Payments Dive
OCTOBER 31, 2022
Cybercrime countermeasures are essential to protecting private banking data. Here’s how fintech innovators can protect customer data
American Banker
JANUARY 24, 2023
Fraud Risk management Financial crimes Commercial banking
Payments Source
APRIL 14, 2021
Fraud detection AML
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