PYMNTS

JANUARY 30, 2020

As faster and real-time payment schemes achieve ubiquity in more markets around the globe, speed is increasingly becoming the standard for payers of all kinds. This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns.

Fraud 107

Fraud Payments Regional Strategy 107

PYMNTS

FEBRUARY 21, 2019

As the IoT market grows, however, developers and consumers alike are growing more vigilant to protect any potential weaknesses of devices that rely on constant connectivity. That said, IoT device creators and consumers are looking at IoT security with a higher level of scrutiny. Alias Creators on Security, GDPR and Data as the New Oil.

Security 180

Security Data Conference Regional 180

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. Consumers expect to do business with their bank online seamlessly, without the hassle of complicated security checks, whether through their mobile phone, smart watch, home speaker or other connected device. Around The Security And Authentication Space. presidential election.

Security 139

Security Report CA Fraud 139

PYMNTS

OCTOBER 29, 2018

The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) But those gains come with fresh concerns about digital security. Security Vulnerabilities. The main areas of security risk? mainstreaming of chip implants.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

FEBRUARY 27, 2019

JPMorgan Chase , aiming to get a bigger piece of the point of sale financing market, announced Wednesday (Feb. It is used mainly for international and securities transactions related to blockchain, but could be used by consumers in the future, as CEO Jamie Dimon told CNBC during the investor meeting.

Marketing 145

Marketing cryptocurrency blockchain Meeting 145

PYMNTS

SEPTEMBER 19, 2019

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 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

Fraud 144

Fraud Data Mobile Tools 144

Abrigo

APRIL 18, 2022

However, today it is still a relatively new market that does not have mainstream usage within the United States. The industry's most significant market increase was between 2016 and 2018. Learn how your institution compares with peers when it comes to fraud prevention. Would you like other articles like this in your inbox?

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

Insights on Business

NOVEMBER 22, 2017

The same technology that has helped change the world of payments has also fueled fraud complexity, requiring an increasingly sophisticated anti-fraud response – payments fraud has become a €20Bn ($23Bn) worldwide problem for financial institutions while the fraud detection and prevention market will be worth €28.49Bn ($33.19Bn) by 2021 [1].

Fraud 125

Fraud Payments Innovation Industry 125

PYMNTS

JULY 13, 2020

Consumers’ and commercial buyers’ interest in the sector have slowly risen since some markets worldwide have reopened brick-and-mortar locations and resumed normal business dealings. Many markets’ stay-at-home orders led consumers looking for new homes to rely on digital tools. KYC, Security In The Digital Onboarding Age.

Data 198

Data New York City New York Fraud 198

PYMNTS

FEBRUARY 4, 2020

These markets’ proposed privacy and banking rules are largely modeled after GDPR and PSD2, so regulators must avoid the stumbling blocks that banks and businesses hit soon after implementation. The main strength of Europe’s Open Banking legislation is also its major weakness: It applies to the entire EU. Security Concerns Mount .

Fraud 144

Fraud Regulation Compliance Innovation 144

PYMNTS

JUNE 17, 2019

However, digital platforms face a major barrier in delivering these experiences: poor fraud detection. For digital platforms, fraud represents a two-headed beast. As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. According to PYMNTS’ research, 60.8

Fraud 117

Fraud How To Payments Survey 117

PYMNTS

FEBRUARY 17, 2020

The pharmaceutical, healthcare and transportation sectors are among blockchain’s early adopters, and 63 percent of respondents cited security and trust as main reasons for adopting the technology. While some companies are using IoT applications to protect their operations, others are tapping it to improve market share.

blockchain 249

blockchain Maine Security Data 249

PYMNTS

JANUARY 8, 2020

The development of digital identity solutions shows no signs of slowing in the new decade, with the mobile biometrics market expected to add $28.45 A multitude of security issues continue to plague the space, however, despite this optimistic future of digital identity. EMV Cards Face Crucial Verification Security Gaps.

Fraud 169

Fraud Cards Security National 169

PYMNTS

APRIL 15, 2019

Security solved. As it turns out, security researchers at Kaspersky Lab have found a darknet marketplace in which hackers are selling digital fingerprints. The marketplace operators sell the data to cybercriminals who use it for identity theft, online fraud and other crimes – and the data is worth anywhere from $5 to $200.

Fraud 129

Fraud Data Security Ohio 129

PYMNTS

AUGUST 23, 2019

Security and compliance are also vital components in ensuring that payments are delivered safely and without delay. The conversation took place against a backdrop of rapid growth in demand for real-time payment systems in some domestic markets. And to that end, we’ve seen growing engagement and co-operation across the industry.”.

Compliance 192

Compliance Security Payments Community 192

PYMNTS

APRIL 14, 2017

While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.

Fraud 112

Fraud Online Big Data Taxes 112

PYMNTS

AUGUST 28, 2019

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. These worries regarding connected vehicles are, in a broader sense, tied into larger security issues involving the Internet of Things (IoT) — to which all those cars and trucks will connect.

Security 119

Security System Operations Report 119

PYMNTS

NOVEMBER 1, 2017

The updated 3D Secure 2.0 In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way.

Security 109

Security Payments CA Data 109

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. As Don Bush, VP of Marketing at Kount , recently told Karen Webster , knowing what’s coming can better prepare you to defend yourself. But the start of any good operation must begin with a good plan.

Fraud 138

Fraud Cards Data Tools 138

PYMNTS

FEBRUARY 18, 2020

The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5

Regional 171

Regional Lending Fraud Maine 171

Abrigo

JULY 22, 2022

Takeaway 1 Cryptocurrency has been able to offer good interest rates on high-yield savings accounts and secured loans with no credit check. . A new and unpredictable market. Cryptocurrency was first introduced in 2009 and is lauded for providing a level of privacy and security that traditional banking cannot guarantee.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

Fraud 228

Fraud Security Cards System 228

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Developments From Around the World of Digital Fraud.

Fraud 148

Fraud Security Resources Survey 148

PYMNTS

OCTOBER 1, 2019

This is no small matter, especially considering DoorDash is the current market leader with 36 percent of meal delivery sales. The PYMNTS’ Order To Eat Tracker found that the volume of mobile app orders soared 130 percent from 2016 to 2018, and the overall mobile order market value is set to reach $38 billion by 2020. problematic.

Mobile 144

Mobile Data Fraud Study 144

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress. banks and about 4 percent of all credit unions actively provide banking services to cannabis-related businesses.

Lending 195

Lending Fraud Operations Ohio 195

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

JULY 31, 2020

According to computer security firm McAfee, criminals have been using RagnarLocker since late 2019. “RagnarLocker is a simple ransomware, much like others that exist in the criminal market. ” Reuters said the hackers used software called RagnarLocker.

Bitcoin 262

Bitcoin Management Minnesota Security 262

Insights on Business

MAY 15, 2019

They all have recently deployed or will soon be deploying the IBM Safer Payments fraud prevention solution on their preferred cloud infrastructure – IBM Cloud, Amazon Web Services (AWS) and Microsoft Azure, respectively. Fraud solution built for the cloud(s). What do a large Australian bank, a leading U.S.

Fraud 110

Fraud Resources Software Payments 110

PYMNTS

FEBRUARY 27, 2018

In several markets around the world, biometric solutions are gaining ground among consumers, companies and government organizations. These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. billion USD.

Security 110

Security Report National Millennials 110

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. ML: As executive vice president and CIO, I am responsible for the technology and security solutions we provide and how they are positioned in the marketplace.

Innovation 108

Innovation Security Payments Mobile 108

PYMNTS

SEPTEMBER 23, 2020

He explained that the cloud can help FIs swiftly respond to compliance and security challenges during the pandemic. With regulations governing open banking, [like] PSD2, and storage of data, [like] GDPR, we now have an even stronger case to securely open our systems to external partners,” Schmidt said. Security Takes Center Stage.

Compliance 225

Compliance Regulation Guidelines Security 225

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Fuels are formulated with dual detergent technology called Dynaflex. Shell employs 8,500 people in India and retails fuel in six states. . billion in 2016 and is projected to grow at a rate of 7.6

Cards 159

Cards Fraud Operations Management 159

PYMNTS

SEPTEMBER 15, 2020

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

Report 206

Report Los Angeles Fraud Utah 206

PYMNTS

MARCH 30, 2016

That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. But the General cautioned that tackling fraud across the payments ecosystem today is a job for experts.

Fraud 100

Fraud Innovation Payments System 100

PYMNTS

FEBRUARY 1, 2017

At the same time, the risk of fraud has never been higher and is still increasing — and the true costs of card-not-present fraud hit both the top and bottom lines of retailers simultaneously, while doing damage to reputations as well. When it comes to fighting fraud, there is a two-tiered model that is emerging.

Fraud 100

Fraud Retail Cards Samsung 100

PYMNTS

SEPTEMBER 17, 2019

The all-new Securing B2B Payments Report highlights how these solutions are helping B2B partners to quickly and securely make payments and keep their relationships strong. A recent partnership between consulting firm CGI and invoice payment solution provider Ordo aims to make invoice processing safer and more secure.

Cards 130

Cards Payments Fraud Phoenix 130

PYMNTS

JUNE 9, 2020

As much as 22 percent of consumers have now been targeted by COVID-19 digital fraud scams, driving a mounting need for new ways to mitigate digital fraud risks. This has led many RegTech firms to receive impressive amounts of funding, and industry analysts now predict that the global AML solution market could reach a valuation of $3.6

Online 195

Online Report Compliance Fraud 195