PYMNTS

MARCH 9, 2020

The group, which represents brands including Clorox and Colgate-Palmolive, among others, wants the Justice Department to stop merchants from heavily increasing prices on key coronavirus prevention supplies, such as masks and hand sanitizer, CNBC reported.

Groups 144

Groups Branding Fraud Compliance 144

PYMNTS

NOVEMBER 3, 2020

One of Sweden’s largest private insurers, Folksam Group , says a data breach affected one million of its clients. But unfortunately, we have not done it in the right way,” said Jens Wikstrom , Folksam’s head of marketing and sales. Folksam said the breach happened as it was trying to “analyze and give our customers customized offers.”.

Groups 255

Groups Data Report America 255

PYMNTS

OCTOBER 8, 2020

Ugandan police are investigating the hacking of a third-party processor of phone-based transactions, Bloomberg reported, that affected MTN Group and Standard Bank Group 's local units. Mobile money is a big market in Africa for making payments.

Mobile 324

Mobile Fraud Payments Groups 324

PYMNTS

NOVEMBER 17, 2020

One of the most challenging aspects of the B2B PPE market amid the pandemic has been a surge in unfamiliar vendors stepping onto the scene. As a result, there were a lot of new entrants and a lot of new suppliers on the market — some people trying to help, and some trying to make a buck.". once again. Know Your Supplier.

Marketing 235

Marketing Meeting Fraud National 235

PYMNTS

NOVEMBER 22, 2019

Stolen payment information used to purchase an iPhone is one thing, but a fraudster dangling a fake beachfront property in front of a group of traveling executives is another. business travelers who often have more robust needs, like satisfying larger groups. The wider home rental space has been seeing increased fraud in recent years.

Fraud 145

Fraud Security Groups Marketing 145

PYMNTS

NOVEMBER 26, 2019

Buguroo, a Spanish cybersecurity company, uses biometrics tied to behavior and deep learning processes to root out fraud. Conexo Ventures and Inveready Technology Investment Group also participated. The fraud market is expected to become a $57 billion industry by the year 2025; in 2018, it was worth $17 billion.

Fraud 141

Fraud System Technology Groups 141

PYMNTS

JULY 2, 2020

As scrutiny over Wirecard and EY continue to grow, a broader debate is seeing a resurgence over what role, if any, auditors play in identifying and preventing corporate fraud. Fraud Concerns Arise. It wasn’t the first time the company’s financials came under scrutiny either. ” Swift Blowback. .

Fraud 152

Fraud Report Company Regional 152

PYMNTS

JULY 6, 2017

With the speed of payments accelerating and Same Day ACH initiatives continuing to roll out, NACHA has pulled together a group of industry experts to explore API standardization as a way to facilitate faster payment speeds and greater transaction security, among other use cases.

Fraud 198

Fraud Payments Groups Industry 198

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 .

Fraud 195

Fraud Data Mobile Cards 195

PYMNTS

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That sort of fraud prevention spends 100 percent of the time on that one aspect of fraud, he noted.

Fraud 169

Fraud Data Maine System 169

PYMNTS

DECEMBER 26, 2018

Iran has created a fraud court to combat rampant financial malfeasance and attempt to aid its flagging economy. Last month, two men were executed for allegedly smuggling foreign currency and illegally altering the gold-coin market. Hundreds of foreign-exchange dealers have also been arrested for black-market currency operations.

Fraud 159

Fraud Washington Marketing Groups 159

PYMNTS

DECEMBER 11, 2019

regulators have been keeping a close eye on the HBOS fraud case , which involved a reported conspiracy among HBOS bankers in various markets working with external consultants to load SMB clients with debt. A 2017 trial related to the case led to six people being sentenced to jail for their participation in the fraud.

Fraud 100

Fraud Regulation Report Groups 100

PYMNTS

MARCH 12, 2020

Payment processors expanding their operations into new industries and markets have their work cut out for them, however. Each sector and country encounters different fraud types that providers must be ready to detect and thwart. Attuning To New Markets . Understanding The Merchant Sector.

Fraud 130

Fraud Analysis Regional Examples 130

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.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

OCTOBER 21, 2019

Wirecard in turn accused FT of market manipulation, which the news outlet denied. But an anonymous public letter posted online warned the group’s supervisory board members that they could possibly face personal liability if they chose not to investigate credible fraud allegations. Wirecard’s shares dropped 6.3

Fraud 103

Fraud Operations Groups Report 103

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. expand_less Back To Top.

Fraud 52

Fraud Regional CA America 52

PYMNTS

DECEMBER 13, 2019

Platforms are doubling down on security in the wake of embarrassing data breaches and steady consumer fraud complaints, but it’s a fluid situation. Within less than five years, payment platforms will be valued at $154 billion annually, much of that in the travel markets. The happier story, by comparison, is payments.

Fraud 130

Fraud Millennials Comparison Online 130

PYMNTS

JUNE 2, 2017

First Data, the global commerce-enabling technology company, announced Thursday (June 1) the launch of Fraud Detect, a fraud solution for merchants around the world. According to First Data, using artificial intelligence, Fraud Detect analyzes vast data sets to identify fraud and potential chargebacks.

Fraud 109

Fraud Data Tools Customer Experience 109

PYMNTS

DECEMBER 6, 2018

Such a scenario stands as a terrifying example of not only the sophistication of criminals, but also the threat of fraud in a real-time payments environment. All that info has been mined by organized crime groups and other actors,” he said. A holistic approach to fraud prevention is also needed. The antidote? Holistic Defense.

Fraud 133

Fraud Payments Security Cyber Security 133

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.

social media 195

social media Fraud cryptocurrency Trends 195

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.

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. billion but that the deal was not disclosed properly to the market or other investors, and that it secretly paid Qatar £322 million.

Fraud 108

Fraud Cards Capital Groups 108

PYMNTS

AUGUST 15, 2017

Ride hailing app company Uber is reportedly considering an offer from an investment group that wants to own a bigger share of the company. Uber currently boasts a market value of $70 billion. Uber currently boasts a market value of $70 billion. General Atlantic already owns shares in Uber, noted the report. .

Groups 100

Groups Capital Report Fraud 100

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.

Fraud 102

Fraud Regulation Compliance Analytics 102

PYMNTS

FEBRUARY 18, 2019

So much of the focus on fraud these days involves exploiting holes in software, hacking into systems to steal personal information and payment data, or otherwise using digital methods in heists. But recent news involving “death-spiral financing” reminds us that fraud is still conducted in other, relatively old-fashioned ways.

Fraud 122

Fraud Operations Security Software 122

PYMNTS

MARCH 1, 2019

He served jail time in connection with fraud and conspiracy, centered on accounting tricks that were partly used to cover financial losses. The Enron fraud resulted in estimated losses in the tens of billions of dollars, and relied in part on mark-to-market accounting, which inflated asset values. Founder and Chairman Kenneth L.

Fraud 108

Fraud Payments Report New York 108

PYMNTS

FEBRUARY 1, 2017

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging.

Fraud 100

Fraud Retail Cards Samsung 100

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.

Fraud 52

Fraud Data Survey Regional 52

PYMNTS

OCTOBER 10, 2019

The cloud storage subscription market is expected to increase at a compound annual growth rate (CAGR) of 24.8 This can be a tall order, though, as they not only have to cater to the currency and payment demands of their customers, but also must ensure that accepting these methods does not expose either party to fraud.

Marketing 116

Marketing Payments Cards cryptocurrency 116

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).

Fraud 52

Fraud Survey Cards Customer Experience 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.

Fraud 108

Fraud Google Apple Chicago 108

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.

Fraud 135

Fraud Report Indianapolis Leadership 135

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.

Fraud 150

Fraud social media Marketing Operations 150

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.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

JUNE 24, 2020

As the Wirecard scandal unfolds, SoftBank Group Corp. Within days, Braun, 50, was arrested on charges of accounting fraud and market manipulation. is facing questions about its investment in the embattled German payment services provider, CNBC reported. billion euros ($2.1

Fraud 262

Fraud Groups Report Security 262

The Paypers

FEBRUARY 28, 2019

(The Paypers) We interviewed Pedro Bennasar , Payments and Fraud Manager at Logitravel Group , to learn more about travel payments and fraud & payments challenges for an OTA entering new markets

Fraud 28

Fraud Groups Payments Management 28

PYMNTS

SEPTEMBER 8, 2020

The eCommerce company is reportedly paying the ransom , the hackers claim, though it is unclear exactly how the cyberattack group was able to gain access to the company's data. 1 million was stolen from the City of Industry via invoice fraud, claims officials in the California city. and elsewhere. million per targeted attack.

Company 174

Company Los Angeles Fraud Data 174