PYMNTS

MAY 24, 2016

It’s no secret that, as fraudsters continue to evolve and increase the sophistication of their tactics, the­ fraud prevention landscape must do the same in order to stay one step ahead. It’s really a symbol that the market, as well as the technology that exists in the market, is beginning a transformation,” Zielke explained.

Fraud 138

Fraud Innovation Retail System 138

PYMNTS

OCTOBER 12, 2020

Online marketplaces are connecting retailers, consumers and nonprofits amid the pandemic. In marketing, Amazon and Walmart are busy getting ready for what could be the largest shopping week of the year, with Prime Day and other events approaching. consumers stating that security is important when shopping online.

Retail 146

Retail Innovation Technology Security 146

PYMNTS

SEPTEMBER 21, 2020

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. And consumers want to pay with their preferred methods, across cards or digital wallets. This is where AI comes in.

Fraud 311

Fraud Payments Cards Security 311

PYMNTS

JUNE 22, 2017

There’s another way, though, in which the fear of fraud bears down on the enterprise. A new report from Vesta Corporation finds fraud positions itself in the way of innovation and growth, even compliance. to understand how payments fraud is limiting corporates’ path to success. cents per every $100 transacted.

Fraud 108

Fraud Innovation Survey eBook 108

FICO

JULY 15, 2021

The challenge for financial institutions of fighting fraud and tackling financial crime has never been greater. As the market for global payments and financial services grows, criminals develop new strategies and technologies to make illicit gains. The new community is driven by some of the finest minds in fraud detection.

Community 52

Community Fraud Online Trends 52

PYMNTS

OCTOBER 24, 2019

It’s a sense one easily gets when listening to Rahul Pangam, co-founder and CEO of fraud detection services firm Simility , in a discussion with Karen Webster from PYMNTS. Fraud Growth. trillion from the worldwide economy, a problem that has the potential to increase as the speed of money accelerates, and more transactions move online.

Marketing 115

Marketing Fraud Cards Online 115

PYMNTS

NOVEMBER 3, 2020

While FinTech innovation has opened up the doors for small- to medium-sized businesses ( SMBs ) to access more sophisticated solutions to manage money, software fatigue has business owners overwhelmed by a barrage of siloed systems. According to Yakov, before the pandemic, about 65 percent of The OLB Group's merchant base were not online.

Online 150

Online Groups Fintech User Experience 150

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. market debut.

Fraud 196

Fraud Digital Banking Delaware Tools 196

PYMNTS

SEPTEMBER 9, 2020

Consumers who previously paid for purchases by swiping or inserting their cards at in-store point-of-sale (POS) terminals are now turning to contactless cards and online shopping to safely and easily obtain needed goods. The COVID-19 pandemic is shaking up shopping behavior. More merch ants are enabling mobile wallet payments, as well.

Cards 162

Cards Fraud Retail Security 162

PYMNTS

OCTOBER 8, 2020

The deals sometimes concerned big players, including “some of the largest and most innovative companies in the world (e.g. That includes new Chief Financial Officer Amaury Dauge , previously of Qontigo and Euronext , and new Chief Marketing Officer Varun Kohli , a seasoned Silicon Valley veteran. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. The stock market rout on Monday (March 9) left pretty much no one unaffected. and EU.

Strategy 197

Strategy Retail Marketing Payments 197

PYMNTS

APRIL 1, 2019

They want to know their money is secure, they want to have a positive experience whether they are online or talking to a teller, and when things go wrong from time to time, they want to know the path to getting them set back to rights is short and straight. “It According to this survey of credit union customers, an overwhelming 81.3

Innovation 141

Innovation Fintech Fraud Security 141

PYMNTS

NOVEMBER 27, 2019

In addressing the innovation gap that exists between credit unions and their larger financial institution (FI) brethren, credit unions (CUs) may be perceived to be at a disadvantage, at least when it comes to dollars.

Innovation 215

Innovation Millennials Technology Examples 215

PYMNTS

JULY 22, 2019

Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. And there is no shortage of interest in the region in that ability, with particular interest coming from the financial services sector, the cryptocurrency markets and in the healthcare vertical. A Diversity Of Needs.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

MARCH 25, 2019

federal government tries to stem fraud and other losses in benefit programs, a new mobile app might just provide a way to do that. While that happens, the payments industry is upping its game against counterfeit goods sold online. 534 billion: Projected value of the IoT healthcare market by 2025. As the U.S.

Innovation 148

Innovation Fraud Regulation Data 148

PYMNTS

NOVEMBER 8, 2019

Innovations — some more fantastical than others — keep emerging, though. The rise of new authentication methods is one of the driving forces in the growing biometric market. According to new research , the global biometric system market is set to grow at a CAGR of 14.6 Vein recognition? Voice patterns? It rose from $1.01

Innovation 120

Innovation Fraud Security Data 120

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

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. Online Resale. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101

Online Fraud Branding social media 101

PYMNTS

JULY 10, 2019

Digital platforms facilitate everything from online shopping to ridesharing to booking a hotel. These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. According to the AI Innovation Playbook , 63.6

Fraud 140

Fraud Strategy Study Comparison 140

PYMNTS

MAY 7, 2020

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. However, it can take a long time for online players to collect funds, unlike at casinos, where consumers can instantly collect winnings in cash. payments market is behind that of Europe, but U.S.

Online 142

Online New Jersey Pennsylvania Regulation 142

PYMNTS

FEBRUARY 4, 2020

These markets’ proposed privacy and banking rules are largely modeled after GDPR and PSD2, so regulators must avoid the stumbling blocks that banks and businesses hit soon after implementation. GDPR and PSD2 have significantly shifted how EU banks and businesses exchange online funds and consumer data. SCA Questions Stall Innovation.

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

SEPTEMBER 20, 2019

Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Online Luxury and the Importance of Authentication. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally.

Online 118

Online Millennials Community Fraud 118

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. The fraud-fighting infrastructure uses an innovative scoring engine to analyze risks in real time for all payments.

Payments 165

Payments Compliance Fraud User Experience 165

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. This is also the aim behind several regulatory changes taking place in other MENA markets, notably Egypt.

Online 151

Online Report Payments Regulation 151

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

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

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

Innovation 130

Innovation Mobile Fraud Cards 130

Insights on Business

JUNE 3, 2019

As e-commerce has revolutionized the way we buy and sell online, we are no longer bounded by borders or time zones. Because of this, traditional rules-based fraud detection systems have become outdated and no longer work. Today, real-time payments require real-time fraud detection. This is no easy feat.

Fraud 138

Fraud Data Payments System 138

PYMNTS

SEPTEMBER 8, 2020

But nowadays, “every decision that we make — ‘Should I go to the grocery store or should I order my groceries online and then pick them up from the curb? Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. And we see it as one of our responsibilities to bring those innovations to our merchants.”.

Innovation 223

Innovation Retail Millennials Tools 223

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

SEPTEMBER 30, 2016

Fraudsters have been causing problems for retailers over the past four quarters, leading to a 137 percent jump in fraud attacks and affecting $7 out of every $100 made in retail sales, according to the latest PYMNTS.com Global Fraud Attack Index. The collaborative study with Forter measures the rate of fraud attempts made on U.S.

Fraud 100

Fraud Data Cyber Security Study 100

PYMNTS

MAY 7, 2020

Emerging uses of adaptive AI and other new tech is set out in the new FI Fraud Decisioning Playbook , a PYMNTS and Simility collaboration, as financial institutions (FIs) and their clients ready for reopening by modeling good customer behavior to help identify bad actors. Learn by Example.

Fraud 248

Fraud Tools Data Examples 248

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. The fraud-fighting infrastructure uses an innovative scoring engine to analyze risks in real time for all payments.

Payments 130

Payments Compliance Fraud User Experience 130

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Bamboo Straws, Emerging Markets And The Lessons Of Selling Cross Border.

Innovation 116

Innovation Payments Apple United States 116

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

Insights on Business

FEBRUARY 11, 2019

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. Synthetic identities and new account fraud.

Fraud 111

Fraud Payments Data Study 111

PYMNTS

JUNE 21, 2019

MoneyGram has tapped into foreign exchange markets for settlements in the past. How To Build A High Performing Platform Payments Fraud Team. For digital platforms, fraud represents a two-headed beast. Why Pets Are Pulling Retail Innovation’s Leash. Or does it? Ripple Drops $50M Into MoneyGram. Trackers and Reports.

Fraud 101

Fraud social media cryptocurrency National 101