PYMNTS

OCTOBER 30, 2020

It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 Most customers bypass dealing with merchants entirely when trying to stage chargeback fraud, with 76 percent of cardholders going directly to the payment card issuer.

Operations 228

Operations Payments Compliance System 228

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. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct.

Innovation 116

Innovation Payments Apple United States 116

PYMNTS

DECEMBER 18, 2019

The coffee company, which has 603 locations throughout the United States, recently revamped its rewards system, Caribou Perks, to compete against industry heavyweights. Another innovation Caribou implemented post-release was targeted recommendations. Bringing In-store Operations Up To Date. Keeping The Cup Secure.

Mobile 130

Mobile Innovation System Security 130

PYMNTS

JANUARY 1, 2021

s Competition and Markets Authority (CMA) — chiefly for a new watchdog group — the proposed regulatory regime is intended “harness the full potential of digital markets, driving greater competition and innovation,” according to a CMA statement. The watchdog would be known as the Digital Markets Unit. Beyond The Companies .

Regulation 352

Regulation social media Course Apple 352

PYMNTS

APRIL 2, 2020

Competition for customers — especially millennials — from larger banks and FIs has long required credit unions to keep pace with their more innovative counterparts. This often means providing digital solutions and convenient banking options despite smaller technology and innovation budgets, however.

United States 174

United States Security Innovation Mobile 174

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

JANUARY 27, 2020

Fraudsters’ attempts to access systems and steal valuable information are becoming more innovative, and research suggests they are also increasingly successful. The following Deep Dive delves into the steps companies can take to ensure their employees are knowledgeable about phishing and are at the front lines of anti-fraud efforts.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

MARCH 12, 2020

In Paris, six men were convicted of stealing $50 million by impersonating France’s former defense minister, conning wealthy residents into giving money to help the government with covert operations involving hostages. Among the mandates: suspension of all travel from Europe to the United States for the next 30 days beginning Friday.

Payments 150

Payments United States Innovation Survey 150

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash. The Flaw In Demonizing Big Tech.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

DECEMBER 8, 2020

A recent survey of the 20 largest United States financial institutions (FIs) found that 20 percent still force customers to complete onboarding by visiting bank branches or speaking on the phone, with full online sign-up not allowed. It also noted that it stopped 144,946 fraud attempts from March through September.

Video 211

Video Report Meeting United States 211

PYMNTS

JUNE 18, 2020

The new partnership will use Pollard’s scanACTIV solution and Blackhawk’s direct point-of-sale tactics in order to let customers buy lottery tickets at a wide network of grocery and convenience stores around the United States, avoiding extra steps like waiting in another line or making a separate purchase altogether.

United States 141

United States Training Retail Fraud 141

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. The Pandemic Is Speeding Innovation Up. Regulation Vs. Market Forces. Cohen said.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

AUGUST 7, 2020

Federal Reserve Board members this week shed some light on the timing and mechanics of FedNow — an always-on, fully interoperable interbank-settlement service that will give rise to instant payments in the United States. Combatting Fraud — And Addressing Competition And Costs . If all goes as planned, that is.

America 189

America Kansas City Payments Kansas 189

PYMNTS

OCTOBER 4, 2019

Legacy payment providers are looking for ways to innovate in the ways that [FinTech firms] do, and to avoid duplicative costs.”. As reported, Global Payments is the third-largest merchant acquirer in the United States, while TSYS is the third-largest card processor in the country. Recent Trends. Basic Question.

Payments 176

Payments Cards Trends Fintech 176

FICO

FEBRUARY 5, 2018

How is application fraud evolving? And what should fraud leaders be doing to manage fraud risk in a digitally connected world? To answer those questions, we spoke with a man with 25 years of experience in fraud management, Bob Shiflet. This balancing act ultimately requires banks to set a fraud risk appetite.

Fraud 60

Fraud Management Analytics Strategy 60

PYMNTS

JULY 3, 2019

In the Real-Time Payments Innovation Playbook , done in partnership between PYMNTS and Mastercard , financial decision-makers from nearly 400 firms across a dozen industries laid out a number of priorities for making their payment processes more efficient. That number represents 89 percent of the world’s gross domestic product (GDP).

Payments 155

Payments United States Study Innovation 155

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. In the United States, U.S. Treasury Department.

Fintech 194

Fintech Security US United States 194

PYMNTS

APRIL 14, 2017

The big question: Can the existing payment rails support the innovation that is needed? Said NACHA’s Estep, “the answer depends on what type of innovation you are talking about, and then what type of a payments system you are talking about.” Against that backdrop, “innovation means many different things to different players.”.

Payments 105

Payments United States Innovation System 105

PYMNTS

APRIL 29, 2019

And, in another deal, artificial intelligence (AI)-powered personalization platform operator Dynamic Yield announced in March that it was being acquired by QSR company McDonald’s. The estimated value of the QSR industry in the United States is $199 billion. million for a 10 percent stake in mobile app developer Plexure.

United States 109

United States Mobile Branding Fraud 109

PYMNTS

OCTOBER 29, 2019

United States-based CUs have steadily gained members in recent months, yet the total number of CUs have been on a downward trend. CUNA Mutual Group reported last month that 177 fewer CUs operated than in the year prior, with mergers and acquisitions accounting for many of these losses. About the Tracker.

Data 103

Data Maine Analytics Case Study 103

PYMNTS

AUGUST 20, 2019

In the wake of the Capital One data breach that exposed data tied to 100 million individuals in the United States comes a warning that there really are not any places to hide. There will be accidents, especially in the cloud,” Korbinian Ibel, a director general at the ECB’s supervisory operations, said in the report.

Data 176

Data Security Capital United States 176

PYMNTS

AUGUST 25, 2019

In the wake of the Capital One hack that exposed data tied to 100 million individuals in the United States, it comes as a warning that there is really no place to hide. . The warning comes as banks have been enlisting the aid of tech giants like Microsoft and Amazon, while bringing operations and data to the cloud.

Data 110

Data United States Analytics System 110

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use a number of creative methodologies and frameworks that measure and benchmark an ever-changing landscape. Preventing Financial Crimes.

Trends 259

Trends Video Retail Payments 259

PYMNTS

DECEMBER 24, 2020

And that shift has persisted throughout a year where mobile and digital expansion and innovations have been a rare bit of bright spot in an otherwise incredibly challenging environment. Digital Innovations Will Outlast the Pandemic That Inspired Them. ChowNow Co-founder and Chief Operating Officer Eric Jaffe.

Study 206

Study Industry United States Innovation 206

CB Insights

MAY 23, 2019

Few places are more receptive to new ideas and innovative business models than Silicon Valley. Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. want to know THE TOP 20 REASONS STARTUPS FAIL?

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

FEBRUARY 17, 2020

Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years. This efficiency can streamline access for operators as well as residents. “In

Security 252

Security Data United States Florida 252

PYMNTS

FEBRUARY 27, 2020

The United States federal government issues Social Security benefits to recipients’ reloadable debit cards, for example, thus giving unbanked residents a faster, more secure alternative to receiving payments via paper checks. Debit payments are being turned to as one way to thread that needle. Around The Ne xt-Gen Debit World.

Cards 142

Cards United States Security Payments 142

PYMNTS

FEBRUARY 24, 2016

The funding round adds AT&T, Accenture, Nokia, Mitsui and Temasek to the firm’s existing investor list, which already includes Cisco, Alcatel-Lucent, Bessemer Venture Partners, Marker LLC and Eric Schmidt’s Innovation Endeavors.

United States 100

United States Innovation Groups Strategy 100

PYMNTS

FEBRUARY 21, 2018

Singapore stepped onto the global stage as a world leader in blockchain innovation in recent months. Perhaps it isn’t surprising that analysts are now musing about how to avoid a repeat of the Punjab National Bank fraud scandal, and some are looking towards blockchain to do so. United States.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

APRIL 30, 2020

The COVID-19 pandemic has caused an impact on open banking developments worldwide as regulators, financial institutions (FIs) and businesses set their sights on helping their current customers rather than future innovations.

Regulation 188

Regulation Regional Data United States 188

PYMNTS

OCTOBER 28, 2019

The app was initially available at just six locations in California, Iowa and Texas, but now caters to more than 60 across the United States. The company assigns a manager to oversee operations at each site as well as food runners if the venue’s staff cannot handle delivery. How FanFood works .

Mobile 101

Mobile San Jose California Iowa 101

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Regulation 129

Regulation social media cryptocurrency United States 129

PYMNTS

OCTOBER 11, 2019

Here is what we’ve learned from the Libra experience that may be helpful to other innovators who have large plans to change the world. Consumers have noticed the rising levels of fraud in digital banking, while fraudsters are relying on technologies such as machine learning (ML) and artificial intelligence (AI).

Cards 116

Cards Online Houston Digital Banking 116

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Synthetic identity fraud – where identities are stitched together from disparate pieces of information, often from a mosaic of individuals – is a burgeoning field. Regulation as Saving Grace?

Security 109

Security Data Fraud Regulation 109

Gonzobanker

DECEMBER 14, 2023

Award – goes to CNBC’s Jim Cramer , who lamented that banks should have been innovating offerings like those delivered by PayPal and Square. The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors. The “What the Hell Are Bankers Doing?” The poor payroll and benefits coordinator!

Fintech 194

Fintech Community Regional Technology 194

Fintech Labs Insights

JUNE 20, 2016

Big data analytics company ThetaRay inked an agreement today with ING Netherlands that combines its Advanced Analytics solution for fraud detection with ING’s existing risk engine. The partnership will empower ING to uncover new SME lending fraud by detecting anomalies through its transactional and organizational data.

Fraud 17

Fraud Lending Big Data United States 17

PYMNTS

OCTOBER 26, 2016

To date, more than 15 major gateways and processors have connected to Decryptx and are serving thousands of merchant locations,” said Ruston Miles, chief innovation officer at Bluefin, in the press release.

Payments 100

Payments United States System Management 100