PYMNTS

SEPTEMBER 3, 2020

Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to snare unwitting victims. . . According to some estimates, as many as 22 percent of Americans have been impacted by COVID-related fraud. . .

Fraud 279

Fraud Data Policies Operations 279

PYMNTS

MAY 27, 2020

The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. Many CUs are investing heavily in new digital technologies to help serve their members during the COVID-19 pandemic, but not all innovations are successful. About The Tracker.

ATM 243

ATM Innovation Meeting United States 243

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

PYMNTS

OCTOBER 29, 2018

While these initiatives are spurring more focused financial services innovations, they also come with challenges. These initiatives could also lead to an increase in security risks, since sharing data among a range of financial service providers creates new opportunities for it to fall into the wrong hands. Protecting APIs.

Security 192

Security Fraud Tools Data 192

Abrigo

OCTOBER 16, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities.

Training 221

Training Compliance Fraud Policies 221

Perficient

FEBRUARY 29, 2024

Explore and integrate alternative data sources and innovative scoring models to offer fairer assessments of creditworthiness. To address this, institutions are increasingly turning to technology-driven solutions aimed at enhancing service reliability, compliance, and security.

Trends 221

Trends Industry Analytics Compliance 221

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.

Security 162

Security Operations Leadership Data 162

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. The Security Core. Tapping Into Trust. For example, 49.1

Innovation 141

Innovation Fintech Fraud Security 141

Abrigo

OCTOBER 16, 2023

You might also like this resource: "Building a strong future: Succession planning strategies for you AML program." De spite their unique structures and community-oriented principles, credit unions are not immune to the threats of money laundering , fraud, and associated illicit activities.

Training 195

Training Compliance Fraud Policies 195

PYMNTS

JULY 28, 2020

Fraudsters and financial institutions (FIs) are constantly evolving to best each other, and growth in synthetic ID fraud is revealing that many banks must enhance their security measures to stay in the lead. Researchers dubbed synthetic ID fraud the “fastest-growing form of identity theft” in the U.S.

Fraud 132

Fraud Data Examples Security 132

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

Fraud 164

Fraud Marketing US Resources 164

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. These crimes can result is significant loss of financial resources for the victims and often greatly impact their quality of life. The under-reported and growing crime.

Fraud 284

Fraud Study United States Training 284

PYMNTS

MAY 28, 2020

This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. Staying ahead of fraud requires constant innovation. Red Flag Behaviors.

Fraud 139

Fraud Mobile Tools Missouri 139

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 . American universities have opened for the autumn semester, offering virtual classes and resources for new and returning pupils. Helping QSRs Fight Food Fraud.

Fraud 141

Fraud Apple California Innovation 141

PYMNTS

JANUARY 28, 2020

In the January Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including a retrospective look at the CU industry in the 2010s, an examination of hybrid cloud technology and a new synthetic identity security threat that could steal hundreds of thousands of dollars. Around The Credit Union World. billion in 2009 to $1.54

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud. It helps.”.

Fraud 128

Fraud Analytics New Jersey Data 128

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. It was developed by the Cybersecurity Response Project Team. She noted that verifications can also utilize information tied to payment history. “We

Payments 220

Payments Exercises Resources Fraud 220

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

OCTOBER 12, 2018

Now, security providers and financial institutions (FIs) are working to stop them from impacting banks’ assets and customers by turning to new, emerging technologies like artificial intelligence (AI) and machine learning (ML). Maybe 20 years ago, the aspiration was really robust security, meaning you could stop all cyberattacks,” he said.

Security 190

Security Fraud Tools Technology 190

PYMNTS

JUNE 24, 2020

With corporate travel still on pause, commercial card innovation has taken a different direction. “We regret that this incident occurred and take the security of your personal information seriously,” said Cognizant Chief People Officer Becky Schmitt in a letter sent to employees and regulators.

Cards 131

Cards Innovation Tools Capital 131

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.

Retail 149

Retail Security Fraud Illinois 149

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

Fraud Resources Software Training 335

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

Security 189

Security Capital Analytics Software 189

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

Insights on Business

OCTOBER 3, 2018

IBM RegTech Innovations. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information. We have developed a new approach to detecting financial crimes and fraud using graph analytics and machine learning.

Industry 155

Industry Innovation blockchain Compliance 155

Abrigo

MARCH 24, 2020

Key Takeaways We can learn about potential fraud from previous cases such as Italy. With Italy being a hotspot, Q6 Cyber set out to analyze recent cybercriminal and fraud activity there so as to learn what we can anticipate in other parts of the world where the epidemic is on the rise. the elderly).

Fraud 150

Fraud Software Resources Security 150

PYMNTS

APRIL 1, 2020

Customers today expect to be able to access financial services instantly, which can put pressure on CUs that need to stretch restricted technology budgets into innovative new features. percent reporting in the PYMNTS Credit Union Innovation Index that they would switch financial institutions (FIs) due to a lack of innovation.

United States 181

United States Innovation Online Tools 181

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. Security Concerns Mount . France, the U.K.

Fraud 144

Fraud Regulation Compliance Innovation 144

FICO

MAY 9, 2019

Congratulations to UBS Card Center on winning the Security Innovation of the Year award at the Retail Banker International Awards. We are gratified by this industry award recognizing our success in stopping fraud.”. The post UBS Card Center Wins Security Innovation Award with FICO AI appeared first on FICO.

Innovation 40

Innovation Cards Security Fraud 40

Abrigo

FEBRUARY 3, 2020

Financial institutions generally are moving away from self-managed, on-premise technology and are finding hosted solutions that provide the security and scalability they need. Dollars for innovation tied up in IT infrastructure. That leaves resources – in terms of both capital and staffing – available for other needs.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

JUNE 19, 2020

Whether they partner with multiple payment service providers (PSPs) or opt to develop in-house payment capabilities, making payments operations work is often resource-intensive because it requires a high degree of plan­ning, coordination and strategy. There are ways to effectively manage these logistical issues, however.

Payments 188

Payments Compliance Resources Fraud 188

PYMNTS

FEBRUARY 26, 2020

Restaurants are diving head first into digital innovations, such as mobile ordering and rewards programs. These merchants have always been vulnerable to in-person fraud, including coupon or promotion scams, but digital channels create new avenues that bad actors can exploit. Selecting the Target.

Fraud 141

Fraud Mobile Security System 141

PYMNTS

SEPTEMBER 21, 2020

Plus, Nacha has announced the introduction of cybersecurity and voice payment resources. Next Insurance Looks To Secure $250M Funding Round To Reach $2.25B Valuation. Nacha unveiled the introduction of cybersecurity and voice payments resources.

Resources 223

Resources Capital Fintech Cards 223

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. In her view, financial institutions are indeed coming together to share common compliance concerns, and in doing so, are working openly to create innovative solutions and put the pieces together.

Compliance 192

Compliance Security Payments Community 192

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

Fraud 52

Fraud Data Survey Regional 52

PYMNTS

SEPTEMBER 9, 2016

The company is in the rapidly expanding space of fraud protection for eCommerce. Signifyd was founded Raj Ramanand and Mike Liberty, fraud experts who were previously with PayPal. Signifyd provides a guarantee that it will pay for any fraud-associated costs that are a result of a Signifyd-approved transaction.

Security 100

Security Fraud Resources Capital 100

PYMNTS

OCTOBER 1, 2019

The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Developments Around The Digital Fraud World. consumers lose more to romance-based fraud than any other type of scheme.

Fraud 156

Fraud Millennials Regulation Trends 156