Remove Fraud Remove Industry Remove Security Remove User Experience
article thumbnail

How B2B Payments Balances Compliance With A Better User Experience

PYMNTS

Service providers are increasingly understanding that, like consumers, businesses demand a better and more seamless end-user experience. However, B2B payments are not the same as B2C, largely thanks to high transaction sizes and volumes, as well as expanding fraud risks. Achieving A Better User Experience.

article thumbnail

Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. So it’s important for industry to support them aligned with the obligations they face under the Bank Secrecy Act,” he said. Can you really know your customer if you don’t know their location?”

Fraud 270
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stopping Fraudsters From Taking The Travel Industry For An $11B Ride

PYMNTS

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

Industry 225
article thumbnail

Device ID Helps Fight Holiday Fraud Amid Record Online Shopping

PYMNTS

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. The key to this is user experience,” he said. But he added that the bad guys are using older scams as well. “As

Fraud 215
article thumbnail

New Cloud-Based Card-Issuing System Aims To Standardize Payments Security

PYMNTS

19) announced that its Sigma Instant Desktop Issuance product will set “the standard for simple, secure and smart instant-ID solutions across enterprise, healthcare, government, higher education and financial institutions (FIs)." One challenge for companies is maintaining “a safe and secure flow of data ?

Security 245
article thumbnail

Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure

PYMNTS

Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report.

Security 133
article thumbnail

Streamline the User Experience with Mobile Carrier Data

ZootBlog

This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. We covered everything from pain points to fraud and compliance and best practices to manage it all. That is a staggering statistic clearly pointing to a poor user experience.