PYMNTS

OCTOBER 6, 2020

The rising tide of fraud in the prepared food segment got an unfortunate illustration this week as food delivery Chowbus suffered a data breach, with information on about 4,300 restaurants as well as data for hundreds of thousands of customers slipping out the door. Fraudster In Many Forms . Staying Ahead Of The Fraudsters .

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PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

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PYMNTS

JANUARY 26, 2017

B2B payments have a reputation for being slow to innovate , though the last couple years has challenged that notoriety. Still, according to the latest Mercator Advisory Group report on FinTech disruption, B2B payments will have to wait a bit longer to see true change from these innovations.

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PYMNTS

MARCH 3, 2020

Whether embracing development and adoption of new payment rails or developing solutions for legacy versions, the latest in payments innovation is all about speed – even for corporate payments. New research from Mercator Advisory Group predicts B2B payments will become the largest payment segment in the U.S. Finance reported last week.

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PYMNTS

MAY 7, 2020

Emerging uses of adaptive AI and other new tech is set out in the new FI Fraud Decisioning Playbook , a PYMNTS and Simility collaboration, as financial institutions (FIs) and their clients ready for reopening by modeling good customer behavior to help identify bad actors. Learn by Example.

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Fraud Tools Data Examples 248

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

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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PYMNTS

OCTOBER 29, 2018

The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) 29) by Kaspersky Labs and the University of Oxford Functional Neurosurgery Group noted, the technology is quickly gaining ground. mainstreaming of chip implants.

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Insights on Business

JUNE 19, 2019

Today, IBM received recognition by Risk.net for both “Financial Crime Product of the Year” for IBM Safer Payments as well as “Best Vendor for Innovation.” And though we’re not here for the awards, this type of recognition does help validate that our new approach to how financial crime threats is not only innovative.

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PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. The watchdog would be known as the Digital Markets Unit. In recommendations issued earlier in the month by the U.K.’s

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Regulation social media Course Apple 352

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

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Fraud Data Survey Regional 52

PYMNTS

OCTOBER 4, 2019

Visa Powers Revolut’s Global Expansion Into 24 New Markets. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Top Stories.

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PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back.

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blockchain Fraud Data Report 148

PYMNTS

JANUARY 31, 2019

Instead, a deeper understanding of fraud — down to its genetic outline — is needed to be truly effective in fighting it. Fighting fraud is often a group effort, as can be seen in several global markets. Fighting fraud is often a group effort, as can be seen in several global markets. In the U.K.,

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PYMNTS

MAY 8, 2019

The problems reportedly stem not from FreightRover, but from Celadon Group Inc., Williams reportedly was president of a Celadon subsidiary called Quality Companies during the period of alleged fraud. Fraud Allegations. Quality’s financial performance began to struggle in 2016 due in part to a slowdown in the trucking market.

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Insights on Business

MAY 6, 2019

Payment fraud detection has always had a bit more latitude than its counterparts in anti-money laundering, customer due diligence and even trade surveillance compliance. Unlike the latter areas, fraud prevention is an area not as heavily governed by regulations or specific rules of what a financial institution should or should not allow.

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Fraud Regulation Compliance Analytics 102

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). a biometric). a password).

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PYMNTS

SEPTEMBER 13, 2016

He is a noted industry expert in online fraud, cybercrime, identity theft, information security and networking technology and holds several patents in security, fraud and networking. Armen leads worldwide marketing strategy and execution for ThreatMetrix. Armen leads worldwide marketing strategy and execution for ThreatMetrix.

San Jose 100

San Jose Strategy Fraud Marketing Strategies 100

FICO

MARCH 18, 2020

In that blog I introduced FICO’s patented Multi-Layered Self-Calibrating (MLSC) fraud model , which we have successfully deployed to overcome regional- and usage-specific variations in normal prepaid card spending behaviors, and find more prepaid card fraud. Prepaid models US Prepaid and GIM Prepaid 1.0 Outliers Are Always in Flux.

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FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. AITE Group projected the cost of fraudulent applications to be $28.6 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. Where is the rise in identity-based fraud coming from? million to 15.4

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Fraud Regional US Cards 72

Bank Innovation

APRIL 20, 2016

The 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.

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Fraud social media Marketing Operations 150

Insights on Business

DECEMBER 6, 2018

In the emerging world of person-to-person (P2P) payments, establishing a frictionless (and “ fraud-less” ) experience is even more critical, since a bad experience early in the transaction will lead consumers to the many competitive alternatives in the market. Fraud prevention: The first line of defense.

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Fraud Payments Security Technology 79

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

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FICO

MARCH 9, 2020

grew to $324 billion in 2017 from $208 billion in 2012, according to Mercator Advisory Group, a research and consulting firm. It projects the market to grow at an annual rate of around 10%, reaching $428 billion in 2021.”. This is almost identical to the existing fraud protection provisions for credit cards. FICO’s Prepaid V1.0

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Fraud Cards Analytics ATM 52

PYMNTS

JUNE 23, 2017

Preparations for corporate banking disruption and PSD2 are stirring the innovation pot, it seems. ’s AimBrain deploys biometric authentication technology to combat fraud for FinTechs and financial institutions. as well as to focus on innovation, sales, marketing and product development. EaseCentral.

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Fintech Marketing New York City Capital 171

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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Fraud Training Cards Data 93

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. But we can’t ignore the backlash from anti-vaccination groups. As such, we’ve seen a slow emergence of a black market for the sale of fake vaccine passports and it is on its way to becoming a lucrative industry in 2022. Related scams have also been on the rise.

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Fraud Management Data Trends 52

PYMNTS

JUNE 21, 2016

The effort provides innovative early-stage startups with access to an immersive six-month program where they receive guidance and support from MasterCard on scaling their operations and entering new markets and industries. “It’s not a random set of companies.

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Innovation Groups Operations blockchain 103

PYMNTS

NOVEMBER 13, 2018

A group of payment players announced Tuesday (Nov. In a press release, the group said the mission, structure and focus of the U.S. The creation of the group comes at a time when businesses want to get rid of the paper check, but it still remains the norm across all types of business.

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Payments Survey Innovation Guidelines 192

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. We have an extremely talented group of people who work for us who have helped First American in the merchant services industry. PYMNTS: What does innovation mean to you?

Innovation 108

Innovation Security Payments Mobile 108

Insights on Business

MAY 15, 2019

They all have recently deployed or will soon be deploying the IBM Safer Payments fraud prevention solution on their preferred cloud infrastructure – IBM Cloud, Amazon Web Services (AWS) and Microsoft Azure, respectively. Fraud solution built for the cloud(s). What do a large Australian bank, a leading U.S.

Fraud 110

Fraud Resources Software Payments 110

PYMNTS

NOVEMBER 3, 2020

While FinTech innovation has opened up the doors for small- to medium-sized businesses ( SMBs ) to access more sophisticated solutions to manage money, software fatigue has business owners overwhelmed by a barrage of siloed systems. And according to Ronny Yakov , CEO of The OLB Group , QuickBooks is often an ideal place to start.

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Online Groups Fintech User Experience 150

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

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South State Correspondent

JANUARY 23, 2023

Our innovation working group, called Spark, has been playing with the tool for the past several months, and this article details how we use it to jump our productivity by 20%. 5) Write bank marketing copy: ChatGPT excels at producing high-quality prose with moderate accuracy. What Is ChatGPT?

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Tools Examples Analysis Data 370

Insights on Business

MARCH 27, 2019

In the emerging world of real-time person-to-person (P2P) payments, establishing a frictionless (and “ fraudless ”) experience is even more critical since a bad experience early on will lead consumers to the many competitive alternatives in the market, or scare them away from P2P payments entirely. Faster payments mean faster fraud.

Fraud 93

Fraud Payments Video Customer Experience 93

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

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