PYMNTS

OCTOBER 14, 2019

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to raise those amounts. financial regulations work.

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Strategy Fraud Innovation Regulation 109

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

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Conference Payments Fraud Data 195

PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. As digital migration accelerates, managing authentication and online fraud while optimizing the consumer's experience has become one of our customers' top challenges,” Equifax CEO Mark W.

Idaho 295

Idaho Fraud United States Customer Experience 295

Abrigo

JANUARY 30, 2024

Speakers at Abrigo’s ThinkBIG conference will: Spotlight current challenges facing banking professionals Provide industry best practices to drive growth and manage risk Offer advice on regulatory compliance. The Fighting Financial Crime track will focus on BSA compliance, anti-money-laundering (AML), and fraud detection topics.

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Conference Arizona Phoenix Fraud 195

Abrigo

DECEMBER 10, 2019

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. An increase in financial crime and fraud against the elderly is expected to continue to climb as the baby boom population (those born before 1964) age. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

PYMNTS

SEPTEMBER 24, 2019

That sentiment was underscored earlier this month when South Korea said it would delist a number of altcoins from an exchange over privacy concerns – namely, the anonymous nature of the transactions are at odds with the goals of the Financial Action Task Force (FATF), which include combating money laundering and fraud.

Innovation 182

Innovation Fraud Technology Security 182

PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. The organization, which is based in Europe, indicated that the effort will offer transaction management services. What Innovators Can Learn from Netflix . Helping QSRs Fight Food Fraud. Top News .

Fraud 141

Fraud Apple California Innovation 141

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. Lawmakers say that an extended ban would more adequately address financial fraud and other risks on the black economy.

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Innovation Payments blockchain National 130

PYMNTS

JULY 22, 2019

But, Atassi said, Latin America is also a challenging region to take on as a whole because nation-by-nation and vertical-by-vertical, the situation on the ground can vary quite widely in terms of infrastructure, consumer interest and regulatory prerogatives. And accurately, he noted, doesn’t just mean they lock out fraud.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

OCTOBER 8, 2020

Risk management platform Feedzai announced a 44 percent increase in growth for the first half of the fiscal year for 2020, which a press release says was one of the company’s most successful so far. The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g.

Report 247

Report Fraud Risk Management America 247

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

PYMNTS

JULY 24, 2020

We have deep dives into opening banking, synthetic ID fraud and supplemental jobless benefits. . Salesforce has grown its Order Management products such as the function for firms to allow eCommerce shoppers finish transactions without exiting social media platforms. Salesforce Boosts Payments Capabilities For Users.

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Fraud Leadership Kentucky social media 159

CFPB Monitor

JULY 27, 2020

The OCC issued a letter last week stating that “a national bank [and a federal savings association] may provide. Through intermediated exchanges of payments, banks facilitate the flow of funds within our economy and serve important financial risk management and other financial needs of bank customers. The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

PYMNTS

SEPTEMBER 18, 2020

Nacha , the nonprofit that manages the movement of trillions of dollars in electronic payments, announced the debut of voice payments and cybersecurity resources on Thursday (Sept. Nacha was originally known as the National Automated Clearing House Association. It was developed by the Cybersecurity Response Project Team.

Payments 220

Payments Exercises Resources Fraud 220

FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. In the UK, trade bodies have called for fraud levels to be considered a national security threat.

Fraud 52

Fraud Survey Security eBook 52

FICO

OCTOBER 7, 2022

Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. As payments professionals well know, change creates opportunities for fraud. Meanwhile … BNPL Fraud Is on the Rise.

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Fraud South Carolina San Francisco Regulation 52

PYMNTS

AUGUST 15, 2019

Managing director since 2017, Dobbie will lead Vocalink in the expansion of B2B payment services in the U.K. as well as maintain the company’s critical national infrastructures. . Gregor has a strong customer focus and recognizes the increasing importance of innovation and resilience across our services. MD,” Stoddart said.

Payments 171

Payments National ATM Innovation 171

PYMNTS

JUNE 19, 2020

There are ways to effectively manage these logistical issues, however. A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs while extending services that support payments analysis, regulatory compliance, cybersecurity, anti-fraud protection and more.

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

MARCH 14, 2019

Volatile times make for sleepless nights for corporate executives, particularly those whose job it is to manage the cash positions of their organizations. And there, Kohli said, innovation is helping corporates adapt to and manage these global risks. Treasurers’ Biggest Worries. More Progress, New Challenges.

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Payments Innovation National Fraud 193

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? Once I started looking around, I saw that Venmo is accepted at quite a few national retailers. A growing list of national restaurant chains are making PayPal an option, too, such as Chick-Fil-A, McDonald’s, Burger King, Taco Bell and, importantly, Panda Express. QR Codes and Fraud.

Fraud 52

Fraud Payments Mobile Data 52

FICO

MARCH 29, 2021

In April of 2020, as COVID-19 proliferated across the globe, a 99-year-old former British army Captain began walking laps in his garden to raise money for the UK National Health Service (NHS). But will adoption of open banking payments also encourage a pandemic of open banking fraud? Let’s take a look. Open Banking Adoption Skyrockets.

Fraud 52

Fraud Analytics Training Examples 52

Abrigo

NOVEMBER 2, 2021

On January 1, 2021, the Senate voted into law the National Defense Authorization Act (NDAA). The published Anti-Money Laundering and Countering the Financing of Terrorism National Priorities is one such example. With the 2021 change in administration in Washington, D.C., financial institutions.

Compliance 195

Compliance Regulation Resources Policies 195

Abrigo

SEPTEMBER 13, 2022

If your financial institution does not have a supportive culture of compliance at the executive and senior management levels, it may be time to share these assessments and consent orders and encourage a change. Get more BSA training on the latest fraud trends with this webinar. Fraud Prevention. Fraud Trends. Learn More.

Software 195

Software Resources Training Compliance 195

PYMNTS

MAY 10, 2016

But Tungsten Head of Compliance Lucy Ashdown offered her take on the company’s research to discuss why FinServ firms might be seeing more invoice fraud than other industries. officials to combat fraud, Ashdown also discussed who carries the torch of responsibility when it comes to fighting this kind of security lapse in the enterprise.

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Fraud Compliance Security Industry 100

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

Insights on Business

MARCH 27, 2019

When Fidelity National Information Services (FIS), one of the world’s leading payment technology providers, required an effective offering to help its customers detect and prevent fraudulent P2P transactions in real time, including Zelle, it chose IBM Safer Payments. Faster payments mean faster fraud. P2P payments goes mainstream .

Fraud 93

Fraud Payments Video Customer Experience 93

FICO

MARCH 14, 2023

Many health plans around the world have automated their management of health insurance claims to a large degree. And while many may not be in the unenviable position of this national health plan, every health plan typically has a “wish list” of things that they would like to — or need to — do better in claims management.

Software 98

Software Management Analytics Operations 98

Abrigo

JANUARY 25, 2021

The 2021 ThinkBIG conference will bring together the “Fighting Financial Crime” and “Manage Risk. The FinCrime track will focus on BSA/AML and fraud detection topics, while the Credit + Lending track will cover topics on managing credit risk and making smarter loans, faster. Fraud Prevention. Drive Growth.” Learn More.

San Antonio 195

San Antonio Conference Lending Texas 195

PYMNTS

OCTOBER 16, 2019

Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. The Cost of Compliance. Challenges and Solutions.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

MARCH 2, 2020

The latest PYMNTS Credit Union Innovation Index found that three-quarters of respondents chose to bank at their CU because of trust, and over 60 percent of current CU members said they wouldn’t leave their CU for another financial institution (FI) because of – you guessed it – trust. The Trust Factor.

California 130

California Fraud Pennsylvania Community 130

PYMNTS

SEPTEMBER 16, 2019

Experts may agree that small business owners have more choice than ever before when it comes to adoption of FinTech — thanks in part to a surge in innovation, as well as lowered costs of adoption — but they also warn that just because entrepreneurs can adopt new tools doesn’t necessarily mean they are. Fighting Against Fraud.

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Fintech Fraud Tools Technology 134

PYMNTS

JANUARY 20, 2020

Visa’s culture that risk management is everyone’s responsibility, Fabara said, is a competitive advantage and a strategic weapon in the payment ecosystem’s fight against an ever-more sophisticated fraudster. It has motivated a different approach for fighting fraud in the 2020s and beyond. But everyone knows the job has to be done. “At

Security 168

Security Fraud Risk Management Payments 168

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

MAY 10, 2019

Among the highest ideals for digital payments – driving innovation in transactions and customer experience – is, of course, the concept of seamlessness. In short, the new rule might require companies that deal with ACH payments to retool their fraud detection systems. How much effort will that require, then?

Payments 178

Payments Fraud Security Customer Experience 178

Gonzobanker

JULY 8, 2022

Today, banks have no choice but to look more like tech companies: tech companies are offering banking services, innovative financial institutions are deploying banking as a service (BaaS) offerings, and digital transformation is dominating the strategic priorities of most financial institutions. A national unemployment rate of 3.6%

Resources 139

Resources Leadership Technology Management 139

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. Fraud Prevention.

Community 195

Community Lending Maine Resources 195

NCR

JULY 28, 2017

The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. Research has shown that fraud has become a bigger threat as consumers and businesses have moved more of their financial processes into the digital space. An escalating threat.

Fraud 74

Fraud Digital Banking Survey Security 74