PYMNTS

AUGUST 21, 2020

In the August Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including how the pandemic is driving ATM innovation, how FIs are protecting both digital accounts and ATMs from potential fraudsters, and the new cybercrime-fighting techniques that are revolutionizing the digital banking industry.

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

JULY 27, 2020

It’s a landscape that has created an opportune environment for technological innovation. The data collected during the onboarding process is key to mitigating fraud risks for insurance companies, too. So when human interaction is required to fully vet a claim, payouts can still occur within 24 hours, Bixby said.

Innovation 247

Innovation User Experience Industry Fraud 247

PYMNTS

MARCH 2, 2020

Instead, she noted, an estimated $240 billion is going out the door to fraud, waste and abuse (FWA). From those manual reviews, these highly experienced investigators create rules, monitor suspicious activity and collaborate with law enforcement to mitigate fraud in the system, she continued. Modifying the System.

Fraud 216

Fraud System Security Leadership 216

PYMNTS

APRIL 1, 2019

At the end of the day, he noted, trust is the critical element at credit unions, and the main differentiator between credit union customers and other banking customers. It’s a statement borne out by the new Credit Union Innovation Playbook , a PYMNTS/ PSCU collaboration. But everyone everywhere is concerned about fraud,” he said. “No

Innovation 141

Innovation Fintech Fraud Security 141

PYMNTS

FEBRUARY 4, 2019

Artificial intelligence has started — slowly — to make its presence felt in payments and commerce, including in fraud prevention, via early deployments of the technology and cutting-edge AI algorithms. Those growth rates are not the whole story when it comes to AI research and innovation, however. China’s Growing Role.

Innovation 194

Innovation Study Fraud Technology 194

PYMNTS

SEPTEMBER 19, 2019

This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

MARCH 21, 2019

It’s one thing to want to improve or innovate. What’s harder — and what really makes the difference — is figuring how, where and when to innovate, a task that must take into account various factors and even wildcards that keep popping up in the growing and global digital economy and its various ecosystems. B2B Payments.

Innovation 178

Innovation Fintech Video Payments 178

PYMNTS

NOVEMBER 19, 2019

The fact that fraud is on the rise is not new, nor is it surprising that banks are turning to artificial intelligence (AI) and machine learning to fight back. In the latest Digital Banking Tracker , PYMNTS looks at how banks are currently approaching their use of AI and machine learning in fraud protection and technology innovation.

Fraud 109

Fraud Digital Banking Innovation Data 109

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

Insights on Business

NOVEMBER 22, 2017

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

Fraud 125

Fraud Payments Innovation Industry 125

PYMNTS

SEPTEMBER 8, 2020

The Amazon Pay button means: ‘You are protected against fraud and malfeasance, just like you are on Amazon,’” Gauthier said. “We He said that breaks down into three main ideas: First, in a world that’s dramatically more digitized, it will be important to find more ways for merchants and shoppers to connect to each other.

Innovation 223

Innovation Retail Millennials Tools 223

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

OCTOBER 12, 2018

For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. That fear, according to David Barnhardt, EVP of product at fraud prevention firm GIACT , is not unwarranted or unreasonable. What’s Next.

Fraud 184

Fraud Payments Security System 184

PYMNTS

DECEMBER 3, 2019

Even so, innovators from third-party apps to restaurant chains themselves are offering mobile options that extend beyond delivery. The portion of QSR customers who are concerned that their online actions could be at risk for fraud is 62 percent. The current value of the eGift card market is $31.8 percent year over year in Q3.

Innovation 130

Innovation Mobile Fraud Cards 130

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

MARCH 8, 2018

Dorchester said the pace of payments and security innovation has picked up significantly over the past five years — and that’s a good thing, as it generates new options for businesses to leverage the best of both worlds. Pacing and fear are the two main factors holding payments back, said Dorchester.

Innovation 112

Innovation Security Industry Fraud 112

PYMNTS

OCTOBER 29, 2018

The main areas of security risk? And as is the case with other forms of hacking , data theft and fraud, danger can always come from the inside, or what the Kaspersky report called “insecure behavior by medical staff” who could access private patient data for criminal purposes. Security Vulnerabilities.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

JULY 5, 2017

Innovation is both genesis and lifeblood for companies, especially within the payments space. PYMNTS: How would you define Applause’s approach to innovation? PYMNTS: How would you define Applause’s approach to innovation? Our approach to innovation is two-fold. Innovation is only valuable if it’s usable.

Innovation 121

Innovation Customer Experience Mobile Security 121

PYMNTS

APRIL 15, 2019

Not every innovation is a good innovation. The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200. The fraud is fairly easy to pull off because it bypasses many existing controls for capturing it.

Fraud 129

Fraud Data Security Ohio 129

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. PYMNTS: What does innovation mean to you? ML: To me, innovation means bringing relevant technology, products and services to our customers or partners we are targeting.

Innovation 108

Innovation Security Payments Mobile 108

FICO

DECEMBER 8, 2020

Chartis announced its list of companies included in the RiskTech100 2021 report - FICO was recognized by Chartis as category winner in Innovation, AI Applications, and Financial Crime-Enterprise Fraud. Driving innovation across a global organization. As we celebrate this win I have two main thoughts I’d like to convey.

Innovation 52

Innovation Fraud Maine Analysis 52

PYMNTS

FEBRUARY 4, 2020

Growing concerns about online security, fraud and infrastructure costs intensified in the period after the rollout, and generated ongoing questions over the safety of the API-driven Open Banking platforms developed to comply with PSD2 and GDPR. SCA Questions Stall Innovation. Its authentication requirements were robust, yet confusing.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. A Big-Picture Approach To Thwarting Debit Fraud.

Security 182

Security Fraud ATM Cards 182

PYMNTS

MARCH 30, 2016

That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. But the General cautioned that tackling fraud across the payments ecosystem today is a job for experts.

Fraud 100

Fraud Innovation Payments System 100

FICO

OCTOBER 12, 2020

This has yielded a rise in medical equipment fraud and put banks’ fraud detection systems into overdrive. Spending and Fraud Surge on PPE and Telemedicine. For purposes of examining fraud, medical spending comprises two main categories, the first of which is Medical and Laboratory Equipment Supplies.

Fraud 52

Fraud Data Cards US 52

PYMNTS

AUGUST 15, 2018

Businesses in nearly every industry need to worry about risks, especially when it comes to fraud and security. In response, FIs from around the space are rolling out new innovations and turning to artificial intelligence (AI) and machine learning (ML), investing $19.1 Meanwhile, U.K.-based Bank Turns To AI To Reduce Risk.

Fraud 103

Fraud Report US Digital Banking 103

PYMNTS

MARCH 28, 2019

As outlined in the new Credit Union Innovation Playbook , a collaboration between PYMNTS and PSCU , trust is essential for CUs’ success. As outlined in the Playbook, data security and anti-fraud initiatives are top innovation priorities for members and CU executives. In fact, 81.3 For example, 49.1 For example, 49.1 In fact, 33.3

Fraud 139

Fraud Innovation Fintech Security 139

FICO

MARCH 30, 2021

While the phrase has become a bit hackneyed (I did grit my teeth a bit while I wrote that first sentence), this past year the pandemic truly impacted not just major parts of our personal lives, but how we handle our fight against fraud and financial crime. . FICO Solutions. FICO solutions tackle all these pain points and more.

Fraud 52

Fraud Data Resources Study 52

PYMNTS

MARCH 29, 2016

According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . In an effort to refine the digital identification process, a growing number of providers are turning toward new and innovative authentication solutions.

Fraud 100

Fraud Online Cards Security 100

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. Fraud Prevention. A quick look at top banking podcasts worth a listen, according to Abrigo : 1. Banking Transformed 2. BankTalk 3. Breaking Banks 6.

Community 195

Community Lending Maine Resources 195

PYMNTS

JANUARY 24, 2020

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Fraud Issues Stemming From Paper Check Use.

Payments 130

Payments US Fraud Innovation 130

FICO

MARCH 9, 2020

This heterogeneity calls for a prepaid fraud analytic model that can identify what is usual (or unusual) behavior for a prepaid card user based on their behavior, taking into account the distinct nature of the prepaid card and its restrictions. This is almost identical to the existing fraud protection provisions for credit cards.

Fraud 52

Fraud Cards Analytics ATM 52

PYMNTS

NOVEMBER 16, 2017

We’ll monitor the latest trends in the industry, what the biggest companies in the space are doing and what innovations or changes are coming down the road. . Fraud has increased by 113 percent in the call center market over the past year alone, with 94 percent of scams involving ID spoofing. . Around the Call Center World.

Fraud 103

Fraud Report System Trends 103

PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. Priceline Uses AI To Help Fight Fraud. Combating fraud, however, comes at a cost, as burdensome security procedures may scare away legitimate customers.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

JULY 13, 2020

Technology may have had a place in the real estate industry for some time, but its main purpose until now was in facilitating the consumer’s initial steps in the home buying process. More consumers are turning to mobile devices to scope out dwellings, too, with 73 percent of individuals using their smartphones to do so during the same year.

Data 198

Data New York City New York Fraud 198

PYMNTS

JULY 3, 2019

So, what’s holding back AP professionals from using digital payment innovations, and what will it take to sway them? By asking these questions, PYMNTS was able to compose a comprehensive overview of the current AP landscape, and how digital AP innovations are set to change it going forward. As much as 33.9 percent), eInvoicing (56.9

Payments 146

Payments Fraud Innovation United States 146