PYMNTS

JULY 22, 2019

RHB in Malaysia is introducing fraud protection cards with mini screens on the back that auto-generate new card verification value (CVV) numbers, according to reports. A study done by Bank Negara Malaysia showed that upwards of 92 percent of total fraud losses were connected to card payment fraud.

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Fraud Cards Security System 108

PYMNTS

FEBRUARY 3, 2020

Such transparency between buyers and sellers allows the economy to quickly grow — but also presents fraud and security challenges. More sophisticated fraud detection systems force cybercriminals to rely on more subtle attacks, such as building false identities that appear real until money changes hands.

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Security Fraud Tools Online 132

PYMNTS

JANUARY 18, 2021

Debbie Guerra, executive vice president of merchant payments and payments intelligence solutions at ACI Worldwide , dives into how digital transformation will be key to enabling businesses, individuals and entire economies to recover from the huge challenges presented by the pandemic. Challenges And Opportunities Ahead In 2021.

Innovation 205

Innovation Payments Retail America 205

PYMNTS

MARCH 2, 2020

A particularly harrowing cloud services-based fraud incident occurred last year, when a disgruntled AWS employee gained access to more than 100 million Capital One customers’ details. The cloud security space needs to completely rethink its options if such strong systems can still be breached.

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Security Fraud Google Capital 224

PYMNTS

OCTOBER 28, 2020

PSCU , the credit union service organization (CUSO), is teaming up with FICO Customer Communications Services (CCS) to develop a fraud alert tool for credit unions (CUs), PSCU said in a statement on Wednesday (Oct. In the event of possible fraud, members are alerted quickly and securely using their preferred method of communication.

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Fraud Tools Security Analytics 109

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.

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Fraud Innovation Survey eBook 108

Cisco

JULY 26, 2022

The pandemic brought into focus the need for financial institutions to become more agile and resilient in the event of any disruption, not just from innovative competitors. Organizational agility is about looking for innovative ways to build resilience, protect revenue streams, streamline operations, and ensure employee engagement.

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Security Operations Leadership Data 162

PYMNTS

SEPTEMBER 19, 2019

A majority (55 percent) of corporate professionals identified real-time payments as their top B2B payment service priority, according to the Real-Time Payments Innovation Playbook. With innovation comes new challenges. The latest Securing B2B Payments Report shines a light on risk and security issues. .

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. What Innovators Can Learn from Netflix . A number of these schools had to make quick changes to their onboarding procedures as they encounter the safety and wellness risks presented by the coronavirus.

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Fraud Apple California Innovation 141

PYMNTS

FEBRUARY 11, 2020

To help diners make the best use of their mobile devices to order meals, quick-service restaurants (QSRs) are tapping into mobile innovations. From Dunkin’ Brands to Grubhub , QSRs and ordering platforms are driving innovation with mobile ordering technology.

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Mobile Innovation Fraud Branding 144

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

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Fraud Security Retail Tools 110

PYMNTS

JUNE 11, 2019

Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs) to great effect. In fact, a typical consumer who gets a fraud alert might not even know there was an algorithm working behind the scenes that spotted suspicious activity. Most FIs (63.6

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Fraud System Innovation Data 140

PYMNTS

OCTOBER 6, 2020

Now these services are about safety and security, with features like curbside pickup and contactless drop-off, [and they’re now] a basic part of business operations,” Tim Ridgely , head of order and delivery at Paytronix, told PYMNTS. Before March, restaurants provided order and delivery services as something extra, more of a convenience.

Fraud 195

Fraud Data Mobile Cards 195

PYMNTS

NOVEMBER 8, 2019

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. Innovations — some more fantastical than others — keep emerging, though. Biometrics isn’t as sci-fi as it once was. Vein recognition? Voice patterns?

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Innovation Fraud Security Data 120

PYMNTS

AUGUST 10, 2017

Barclays applied the technology to telephone banking, so that callers would not have to input a password or give other identifying information in order to securely access their account. Bank officials touted the innovation as a form of insurance against fraud, and so far, it seems to be just that.

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Security Technology Fraud User Experience 156

PYMNTS

APRIL 22, 2020

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.

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Security Data Fraud Tools 133

Bank Innovation

MARCH 8, 2019

Wirecard AG expects the final report on an investigation concerning alleged fraud at its Singapore unit to be presented soon, according to a person familiar with the matter.

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Fraud Report Operations Marketing 150

PYMNTS

JUNE 22, 2017

Fighting fraud is a lot harder online, and a lot harder for merchants and consumers, as card-not-present transactions become the preferred method of malfeasance. In one recent announcement, payments provider TSYS and real-time learning technology platform Featurespace said they were joining forces to offer fraud prevention tools.

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Fraud Tools Cards Online 162

PYMNTS

OCTOBER 16, 2020

Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations. How AI Can Aid In Fraud Detection, Sales.

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Analytics Data Fraud Tools 273

PYMNTS

JANUARY 7, 2020

Innovation is no longer optional – it’s table stakes to stay in the game. The good news: There is no shortage of innovative ideas and options for today’s FIs to offer to their customers: digital wallets, P2P payments, card controls, fraud and security protection, and loyalty and rewards perks among them.

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Innovation Technology Marketing System 139

PYMNTS

JANUARY 17, 2020

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. To do so, however, these companies will need to make some adjustments to their fraud protection strategies.

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Retail Security Fraud Illinois 149

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. 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 AI, ML Innovations Necessary to Stop Account Opening Fraud.

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

JULY 2, 2020

How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. In this month’s Feature Story, Mejia explained the strategies and technologies helping FIs overcome this challenge and shift fraud-fighting approaches to suit customers’ new habits. Find more about these and the rest of the latest headlines in the Tracker.

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Fraud Cards Florida Trends 222

PYMNTS

JULY 10, 2019

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. An unexpected consequence of the retailer race to offer same-day and one-day delivery is increased fraud exposure. Nearly one-third (30.4

Fraud 140

Fraud Strategy Study Comparison 140

PYMNTS

JANUARY 28, 2021

The latest Digital-First Banking Tracker® done in collaboration with NCR , notes that “FIs are devoting more money than ever to fraud prevention as more consumers go digital. This development comes as 68 percent of fraud experts report increases in cybercrime over the past year.”. Quick And Seamless Security.

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Fraud Survey Digital Banking Security 244

PYMNTS

NOVEMBER 7, 2016

Federal Reserve is turning heads for its attention to faster payments, but the Fed has recently announced yet another initiative in the payments innovation space. Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security.

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Security Payments Survey Innovation 193

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.

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Fraud Policies Security Resources 249

PYMNTS

MAY 13, 2019

Their portability and low price points enable SMBs to participate in the commercial scene while presenting various payment options to consumers. . These small entities are seeking to win trust despite not being established brands, but customers will only feel safe if they’re confident that their payment information will remain secure. .

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Security Cards Branding Payments 123

PYMNTS

JUNE 5, 2020

It has often been said during the last several weeks that the world has seen several years’ worth of eCommerce innovations advance in about three months, due to the pressure and pivots created by the global health pandemic. They are very thoughtful, and they know all the tricks to getting away with fraud.

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Fraud How To Online Meeting 151

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.

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social media Fraud cryptocurrency Trends 195

Bank Innovation

MARCH 1, 2019

Mobile bill presentment is at the heart of ACI Worldwide‘s $750 million all-cash acquisition of bill pay service Speedpay from Western Union announced on Thursday. “ACI has a strong e-Commerce space, merchant fraud offering and we also have recurring billing,” Sanjay Gupta, SVP of ACI On-Demand, told Bank Innovation.

Fraud 170

Fraud Innovation Payments Mobile 170

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.

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Fraud Idaho Innovation San Francisco 100

PYMNTS

OCTOBER 29, 2018

But those gains come with fresh concerns about digital security. But memory implants will also present a variety of opportunities for cybercriminals. Security Vulnerabilities. The main areas of security risk?

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PYMNTS

MARCH 3, 2017

Overview: Join Hannah Preston, Solution Strategist, Payment Security Division, CA Technologies and Karen Webster, CEO, Market Platform Dynamics, on Thursday, March 30th, at 1:00 PM (EST), to learn how authentication is evolving; how it could transform your security and user experience; and how you can tackle the choices and consequences.

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Security CA Customer Experience User Experience 100

PYMNTS

MAY 24, 2019

The Financial Crimes Enforcement Network ( FinCEN ) is launching an initiative called the FinCEN Innovation Hours Program, as a call to private sector companies that have developed tech to fight money laundering and terrorist financing, the organization said in a release. FinCEN expects to hold events in the Washington, D.C.

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PYMNTS

JULY 22, 2019

To adapt to that influx of customers, BTG Pactual needed an onboarding process that was digital and automated — as well as compliant, secure and scalable to the needs of the investment platform as it expanded. The Latin American market isn’t going to slow down — not from an innovation standpoint, and not from a regulatory standpoint.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

OCTOBER 20, 2016

3D Secure 2.0 ’s Built around the increasing popularity of mobile commerce, 3D Secure 2.0 On Wednesday, November 2nd at 1:00 PM (EST) join ecommerce advisors James Rendell, CA Technologies ; Paul Baker, Mastercard ; and Karen Webster, Market Platform Dynamics for a live digital discussion surrounding 3D Secure 2.0. Paul Baker.

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Security CA Cards Strategy 100