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. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan.

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Idaho Fraud United States Customer Experience 295

PYMNTS

SEPTEMBER 5, 2019

And, in retail, consumer food brands such as ReGrained are upcycling ingredients, and the pharmacy sector is experiencing ongoing innovation as well as disruption. 40 percent: Estimated portion of all food in the United States that is wasted. $20 All this, Today in Data. 75 percent: Share of U.S.

Innovation 108

Innovation United States Customer Experience Fraud 108

PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. Another study indicated that debit-related fraud is on the rise across the U.S. Another study found that 55 percent of U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100

Fraud Online United States Cyber Security 100

PYMNTS

MARCH 6, 2020

The customer, in turn, is looking to the bank to provide innovation directionality. The banks help customers sort through all the innovation and technologies they read about — and can provide them with the tools as well as services that are going to help them accomplish their business goal.

Customer Experience 251

Customer Experience Fintech United States Fraud 251

Jeff For Banks

NOVEMBER 28, 2023

I asked Google Bard, a large language model tool, the following: "Describe the future of banking in the United States in buzzwords." Open banking : Open banking APIs will allow third-party providers to access and share customer financial data with their consent, enabling new and innovative banking products and services.

United States 92

United States Analytics Risk Management Google 92

PYMNTS

JANUARY 28, 2020

One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. Many CUs do not realize that they are even falling victim to this kind of fraud, leading the United States Federal Reserve to believe that this type of fraud often goes unreported.

Innovation 155

Innovation St. Louis Fraud United States 155

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

JULY 22, 2019

Brazil is an advanced market — so advanced, according to Atassi, that one could argue it’s ahead of the United States in terms of the level of digital service consumers can routinely expect. 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

APRIL 27, 2020

What’s more, all of this must be accomplished in complex regulatory and security environments, with the omnipresent threats of hacking and fraud. PYMNTS latest research series, Beyond The Card: Innovating The Next Generation Of Credit Solutions , a collaboration with i2c , sets out to chart this complex and evolving landscape.

Cards 226

Cards Fintech United States Case Study 226

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. A Big-Picture Approach To Thwarting Debit Fraud.

Security 182

Security Fraud ATM Cards 182

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. Keeping The Cup Secure.

Mobile 130

Mobile Innovation System Security 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. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct.

Innovation 116

Innovation Payments Apple United States 116

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.

Fraud 151

Fraud How To Online Meeting 151

PYMNTS

JULY 3, 2019

So, what’s holding back AP professionals from using digital payment innovations, and what will it take to sway them? PYMNTS surveyed 2,750 AP professionals from across the United States to get an insider’s look at why firms use the payment methods they do, and in what circumstances, to receive invoices and make payments.

Payments 146

Payments Fraud Innovation United States 146

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 28, 2020

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Coast Capital On The Innovations Driving CUs’ Digital-First Future.

North Carolina 197

North Carolina Houston Fraud Innovation 197

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

JULY 25, 2019

Banks need to innovate faster and further when it comes to the technology they use on their online platforms, as to stay one step ahead of bad actors with access to the same technology. Challenger banks like Monzo are making their way across the pond to set up shop in the United States, offering their banking services against U.S.

Digital Banking 176

Digital Banking Innovation Fraud United States 176

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

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

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.

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

JANUARY 23, 2020

MUFG Union Bank is committed to supporting our clients’ movement toward real-time payments in the United States to enhance their experience.”. With immediate settlement, funds can be cashed out in seconds and businesses will see advanced processing, fraud reduction and more. “In in over 40 years, the release noted.

Payments 141

Payments Fraud United States Analytics 141

PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies.

cryptocurrency 241

cryptocurrency United States Security Bitcoin 241

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms. Synchrony Financial Upgrades Its AML Strategy As Fraud Grows.

Fraud 126

Fraud Digital Banking Strategy Security 126

CFPB Monitor

JULY 14, 2022

On July 8, with limited fanfare, the Department of Treasury issued a request for public comment regarding the March 9, 2022 Executive Order entitled “Ensuring Responsible Innovation in Digital Assets” (the “Order”). leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.”

United States 78

United States Leadership Policies Regulation 78

PYMNTS

MARCH 17, 2017

But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large. The money flow — between, say, the United States and Mexico, or as remittances evolve in newly (almost) cashless India — may be embracing technology, but interactions between banks, wires and processors are still required.

Innovation 103

Innovation Lending Boston Security 103

PYMNTS

JULY 23, 2019

When it comes to loyalty and rewards innovation, credit unions (CUs) and their members don’t always see eye to eye. Loyalty and rewards innovation tops members’ list of innovation priorities, with 49.1 percent of CUs actively invested in loyalty and rewards innovation during the past three years. Yet, only 29.4

Innovation 122

Innovation United States Innovation Strategies Survey 122

PYMNTS

FEBRUARY 14, 2018

As the world’s leading digital identity authentication network, this financing will enable Payfone to continue to offer its digital identity authentication services that helps companies battle fraud while still boosting customer satisfaction, enabling clients to increase their revenue. ”

United States 100

United States Fraud Customer Experience Innovation 100

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

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

JULY 10, 2020

The end goal: to speed innovation toward new products and services while keeping fraudsters out. The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. The Pandemic Is Speeding Innovation Up. Regulation Vs. Market Forces.

Data 272

Data Innovation Fintech Illinois 272

PYMNTS

DECEMBER 27, 2019

Amazon applied for a patent for a software system that can identify individuals through unique biometric qualities and characteristics associated with the palms of their hands, according to the United States Patent and Trademark Office. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. percent from last year.

Retail 130

Retail Payments blockchain United States 130

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018. But they have grown in popularity in markets that are not stable.

Bitcoin 178

Bitcoin ATM Security cryptocurrency 178

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