PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Credit card fraud is just one of many techniques that fraudsters leverage to scam FIs and their customers, but it is on the rise amid the pandemic. billion pounds ($5.2

Fraud 167

Fraud United States Cards Industry 167

PYMNTS

OCTOBER 14, 2020

Public spaces are gradually starting to reopen, with limited capacity and other social distancing guidelines set up. Deep Dive: How QSRs Are Deploying Data Analytics and AI to Serve Customers, Fight Fraud. Developments From Around the Mobile Order-Ahead World .

Analytics 161

Analytics Fraud Data Mobile 161

PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

Fraud 150

Fraud Payments Guidelines Regulation 150

Perficient

DECEMBER 18, 2023

Banks can better insulate themselves from economic downturns and unforeseen shocks by conducting thorough risk assessments and adhering to regulatory guidelines. Regulatory risk and compliance practices act as safeguards against systemic risks that could jeopardize the financial health of institutions.

Regulation 473

Regulation Compliance Exercises Guidelines 473

Abrigo

JANUARY 3, 2024

Takeaway 2 A December 2023 final rule establishes guidelines for who may access BOI and for what purposes. This rule implements the CTA provision establishing guidelines for who may access BOI through the registry, for what purposes, and for safeguards to ensure that the information is protected. Talk to a specialist to learn more.

Fraud 221

Fraud Regulation Report Compliance 221

The Paypers

JULY 19, 2018

(The Paypers) The European Banking Authority (EBA) has published its final Guidelines on fraud reporting under the revised Payment Services Directive (PSD2).

Guidelines 28

Guidelines Fraud Report Payments 28

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

Abrigo

AUGUST 7, 2023

Assessing and preparing for staffing needs AML and fraud compliance is an essential obligation for financial institutions. By performing a thorough staffing assessment of your AML and fraud teams, you understand the resource needs to meet all quality and regulatory expectations.

Training 195

Training Fraud Leadership Resources 195

Abrigo

AUGUST 4, 2021

Survey: Top Challenges and Trends for BSA/AML Professionals Abrigo's 2021 FinCrime survey benchmarks obstacles and trends for BSA/AML and fraud professionals. Takeaway 2 Banking cannabis-related businesses and cryptocurrency are two hot topics in the BSA/AML and fraud space. Download your complimentary PPP Fraud Detection Checklist.

Fraud 195

Fraud cryptocurrency Survey Trends 195

PYMNTS

OCTOBER 14, 2019

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. dollar as their currency of choice on the black market, which means American banks must alter their anti-fraud and AML strategies — especially as regulatory fragmentation divides the U.S.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

SEPTEMBER 29, 2020

Mastercard, through its collaborative fraud and dispute resolution technology Ethoca , will now offer a new version of online statements with added logos and clear business names for each transaction. By enriching transaction details, merchants can alleviate friendly fraud, reduce chargebacks and improve the customer experience.”.

Online 243

Online Guidelines Study Fraud 243

PYMNTS

DECEMBER 18, 2020

INTERPOL states on its website : "(W)e are seeing an increase in counterfeit medical products, fraud and cybercrime.". In the United States, the FBI posted guidelines on its website for avoiding COVID-19 crime. The paper also stated that pharmaceutical companies and shippers are on the lookout for thieves seeking to intercept doses.

Report 274

Report United States social media Guidelines 274

BankInovation

OCTOBER 7, 2021

Years ago our industry adopted the ‘Know Your Customer’ (KYC) guidelines to verify identity, assess risk and prevent fraud. This straightforward concept has helped many financial institutions dramatically cut identity theft, money laundering and other forms of suspicious behavior. Can KYC help beyond identity verification?

Guidelines 98

Guidelines Fraud Industry Retail 98

PYMNTS

JULY 24, 2020

“The group also intends to develop the Financial Services Cybersecurity Profile, a list of cybersecurity guidelines for FIs to follow.”. A recent study from the American Bankers Association found that losses from fraud attempts against bank deposit accounts totaled $25.1 Are fraud-fighters winning? Like crooks do. “A

Fraud 187

Fraud Analytics Guidelines Industry 187

FICO

DECEMBER 18, 2019

In anticipation of a dramatic increase in CNP fraud, several years ago FICO implemented new machine learning technologies in the FICO® Falcon Fraud Platform to better catch fraud in this area. Current UK Fraud Trends. The differences in fraud rates between debit and credit spending are similarly stark.

Fraud 52

Fraud Trends Cards Maine 52

BankBazaar

JUNE 30, 2022

Here’s everything you need to know about Credit Card billing, effective from July 1st, 2022, as defined by the RBI’s guidelines around Credit and Debit Card issuance released in April. These guidelines include new rules around Credit Card closure, billing cycles and so forth. The new guidelines will be in force from July 1 st , 2022.

Cards 147

Cards Guidelines Payments Operations 147

PYMNTS

OCTOBER 5, 2020

In response to the numerous incidents, the BBB has laid out some guidelines for how to approach potential scams, the report stated. WPRI 12 reported that one victim said they succumbed to scams in which fraudsters invited them to purchase bogus software via Cash App.

social media 255

social media Guidelines Fraud Report 255

Payments Source

JULY 15, 2020

EMVCo has developed guidelines that allow the travel industry to provide more data to issuers authorizing ticketing transactions as a way to reduce fraud in air travel, hotel and car rental purchases.

Industry 83

Industry Guidelines Security Fraud 83

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

JANUARY 10, 2019

McLain told PYMNTS that the guidelines the card schemes or PSPs offer to merchants can assist with the technical heavy lifting that can help balance security and commerce. The guidelines could help a merchant capitalize on the maximum number of exemptions that are available as part of PSD2. Looking for Exemptions.

Guidelines 173

Guidelines Compliance Fraud Cards 173

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. Other fraud attempts targeting workplaces are no less dangerous. Fighting the Phishers. Ensuring Secure Workplace Practices.

Fraud 249

Fraud Policies Security Resources 249

The Paypers

APRIL 9, 2019

(The Paypers) European fraud experts are calling on EU regulators to put on hold the implementation of the EBA Guidelines on Fraud Reporting under PSD2.

Fraud 28

Fraud Report Guidelines Regulation 28

PYMNTS

JULY 21, 2020

The service is intended to help businesses automate their customer onboarding processes, powering fraud prevention and compliance for numerous financial institutions, payment companies, banks and other such institutions. By using GlobalGateway, Trulioo will be able to help verify customers are who they say they are in Vietnam.

Guidelines 181

Guidelines Compliance Fraud Security 181

PYMNTS

SEPTEMBER 23, 2020

Many banks are turning to video-based onboarding procedures and artificial intelligence (AI) to counter the threat of identity fraud, but those technologies have their own blind spots when deployed alone, says Sameer Shetty, head of digital banking at Axis Bank. Online Gaming’s Winning Payouts Plan. A new proposal by the U.S.

Google 187

Google Guidelines Fraud Video 187

PYMNTS

SEPTEMBER 23, 2020

The guidelines for cloud computing cover aspects around jurisdiction and location of data, availability of your services, incident handling and recovery. The pandemic is revealing to many FIs that such guidelines are necessary as they grapple with providing speedy digital service to a growing number of customers.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

MAY 20, 2020

SCT Inst was developed in 2017 to establish operational guidelines by which all real-time payment rails in the EU are required to comply. Official guidelines and regulations can only go so far, however. This marked the first real-time payments regulatory framework in the region that addressed all EU countries.

Payments 210

Payments Guidelines Regional Strategy 210

Perficient

AUGUST 3, 2023

Generative AI ingests data and understands guidelines incredibly well; therefore, businesses across industries are jumping to take advantage of all the possible ways the tool can help save them money and create elevated, uber-personalized customer experiences.

Industry 83

Industry Risk Management Customer Experience Fraud 83

PYMNTS

SEPTEMBER 22, 2019

The legislation includes fines for companies that misuse data, compensation for victims of data fraud and punishment for companies and individuals that sell data obtained illegally. Andrés Michelena, telecoms minister, said the draft had been created “in accordance with European guidelines.”

Data 188

Data Guidelines National Fraud 188

PYMNTS

MAY 25, 2020

The ongoing COVID-19 pandemic is significantly affecting everyday life, with more than one-third of the world’s population subject to social distancing guidelines, stay-at-home orders or other regulations to prevent the virus’s spread. COVID-19-Related Fraud. Tapping Human Intelligence and AI. Several banks in the U.K.

Fraud 167

Fraud social media Security Guidelines 167

FICO

JULY 23, 2018

The European Banking Authority have just published their final report and guidelines on fraud reporting under PSD2. There’s much to digest and understand, but one thing that stands out for me is categories of fraud that must be reported. Getting Ready to C0mply.

Fraud 45

Fraud Payments Analysis Guidelines 45

NCR

APRIL 23, 2018

However, this does not mean the work is done, as there are still additional stages related to PSD2 that are still to be implemented later this year – specifically those related to customer authentication and fraud prevention. Reducing fraud in an open banking environment. Technical standards set to come into force.

Fraud 72

Fraud Knowledge Base Guidelines Security 72

PYMNTS

MARCH 5, 2019

Some of the fined banks said the fines generated from a misinterpretation of guidelines on unimportant technical issues. Last year, the Indian financial system was affected by a $2 billion fraud at Punjab National Bank (PNB), where business related to a billionaire jeweler and his uncle received unauthorized credit guarantees through SWIFT.

Compliance 140

Compliance Fraud Guidelines System 140

The Paypers

MARCH 2, 2020

NICE Actimize has revealed it updated its fraud solutions portfolio including its Fraud Essentials, a cloud-based fraud solution.

Risk Management 31

Risk Management Guidelines Management Fraud 31

PYMNTS

JUNE 16, 2020

He also recommended that the Financial Stability Oversight Council (FSOC) be charged with “the responsibility to create a framework for regulating cryptocurrencies and developing guidelines for strong protections against money laundering and cybersecurity threats to those marketplaces.”.

US 227

US Cyber Security Security National 227

PYMNTS

DECEMBER 23, 2019

James Kay, the firm’s director of issues management, recently spoke with PYMNTS about how TripAdvisor’s system defends the “content integrity” of posted reviews against misinformation and other types of fraud. TripAdvisor’s fraud team then analyzes flagged reviews to evaluate their trustworthiness.

Fraud 132

Fraud Data System Guidelines 132

CFPB Monitor

MAY 18, 2021

The Board of Governors of the Federal Reserve System recently issued and invited public comment on proposed guidelines to be used by Federal Reserve Banks to evaluate requests for master accounts and/or access to Federal Reserve Bank (Fed) financial services, in order to support a more “transparent and consistent” approach to such requests.

Fintech 78

Fintech Guidelines Policies System 78

Abrigo

JULY 21, 2022

They can help educate about the dangers of fraud through conversation and customer/member education events, and the relationships they develop can be vital to investigations of suspicious activity. But setting guidelines for when to ask questions reminds the front-line employees to pause and evaluate each unique situation.

Compliance 195

Compliance Training Fraud Examples 195