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A Full-Picture Approach To Thwarting Debit Fraud

PYMNTS

Consumers appear to be moving their debit payments away from brick-and-mortar stores toward eCommerce channels, meaning FIs and card issuers must work to support them while minimizing online security risks. These organizations need to fend off anything threatening, combatting both popular and emerging debit fraud attack methods.

Fraud 148
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How Genesys Is Personalizing Call Center Interactions

PYMNTS

Call center providers have two options to keep up with the increase in interactions, according to Paul Lasserre, vice president of product management and artificial intelligence (AI) at Genesys. Say a customer wants to return a pair of shoes she purchased online but is unsure how, so she calls the retailer’s contact center.

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What are power skills?

Independent Banker

The use of digital technology and artificial intelligence has changed the workplace dramatically in recent decades, but the pandemic accelerated this shift by forcing remote working and driving online commerce. We’ve seen an amazing uptick in fraud,” she adds. “So, Visit ICBA Community Banker University to learn more.

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Small Business Banking Tests The Digital Identity Waters

PYMNTS

Knowledge-based authentication (KBA) tools, including passwords and security questions, tend to be the primary strategy for verifying identity, and this is true for areas of financial services beyond the consumer world. Yet, as small business financial management company Nav told PYMNTS in the Tracker, KBA still reigns supreme.

Strategy 124
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Stop the Social Engineering of Customers and Employees

FICO

Ultimately, they use it to manipulate both your customers and employees to commit fraud. Sometimes, fraudsters don’t have all of the pieces of the puzzle together, so they often further manipulate your employees, systems and customers in order to get the full suite of assets they need to commit a fraud. Strategic Areas to Focus On.

Fraud 52
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Navigating ID Verification For Business Credit

PYMNTS

Nav — a financial management app for small businesses that helps users access credit reports from commercial and consumer credit bureaus — is well aware of lackluster authentication procedures’ consequences. The system has never fallen victim to fraud, despite several attempts by bad actors, according to Hanson. How Nav Works.

Tools 101
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Wake up: Your bank is not efficient

Gonzobanker

The plain truth is that banking has too many high paid managers who would struggle to justify what they do productively with their 2,000 hours of work time per year. Executives should drive overall self-service strategy scorecards in their organizations that highlight origination, servicing, fraud and back-office functions.