PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In terms of legislation, Senn said NASAA supports the “Senior Investor Pandemic and Fraud Protection Act” and the “COVID-19 Restitution Assistance Fund for Victims of Securities Violations Act.”.

US 227

US Cyber Security Security National 227

PYMNTS

DECEMBER 21, 2020

Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. and five other nations identified 100 million potentially fraudulent transactions between March 11 and April 28, for example. One recent report that surveyed consumers from the U.K., is projected to reach $794.5

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

JANUARY 8, 2020

Nations around the world are continuing to implement digital ID systems. According to the National Retail Federation (NRF), however, these chip cards still have critical flaws when it comes to identity verification, as they do not require PINs in the U.S. EMV Cards Face Crucial Verification Security Gaps.

Fraud 169

Fraud Cards Security National 169

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

Technology 208

Technology Report Fraud Study 208

PYMNTS

DECEMBER 2, 2019

1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards. The law doesn’t say anything about nationality or mobile virtual network operators, which are in the business of reselling services. The new requirement went into effect Sunday (Dec.

Policies 130

Policies Mobile Maine Fraud 130

PYMNTS

DECEMBER 11, 2017

There seems to be no such thing as a Christmas vacation when one’s main profession is defrauding consumers and businesses. It appears the ever-inventive thieves of the world have found a new way to make gift card fraud work for them this holiday season, according to the Better Business Bureau (BBB).

Cards 129

Cards Fraud Retail National 129

PYMNTS

FEBRUARY 19, 2019

Fraud is rampant and thriving. Banks, financial institutions (FIs) and other members of the financial world are, thus, dealing with a rising flood of identity theft and application fraud, as bad actors look to capitalize on the email addresses, Social Security numbers, credit details and other information they have on hand.

Fraud 158

Fraud Data Capital Resources 158

PYMNTS

FEBRUARY 1, 2019

IrisGuard created a technology called EyePay, which is already being used by United Nations organizations to help prevent human trafficking. And because it’s verified on the blockchain, it’s scalable without sacrificing data security — which is one of the main problems with our current healthcare-data infrastructure.”

blockchain 193

blockchain Software Technology Maine 193

FICO

JUNE 11, 2020

The good news is that FICO is on it—by leveraging machine learning, the FICO® Falcon Fraud Platform is able to capture the latest fraud trends and transform raw data into actionable insights. . Gas stations are a hotbed for fraud. Highest 3 fraud rate states: Nevada, Florida, Michigan. by Scott Zoldi.

New Hampshire 72

New Hampshire Alaska Nevada Fraud 72

Abrigo

MAY 5, 2022

Main Street Banking: A Podcast for Community Bankers 8. Main Street Banking: A Podcast for Community Bankers Main Street Banking: A Podcast for Community Bankers is hosted by the Barret School of Banking, and posts new episodes twice a month or so. Fraud Prevention. Banking Transformed 2. BankTalk 3. Breaking Banks 6.

Community 195

Community Lending Maine Resources 195

PYMNTS

JANUARY 3, 2019

As bad as one might think the risks of cybercrime are (fraud, hacking, data breaches , customer and revenue loss, lawsuits and fines), the reality is probably worse. On the national level, at least, “we’ve been focused on [potential] attacks against critical infrastructure” since the late 1990s, he told Webster. Big Mindsets.

National 169

National Security Risk Management Fraud 169

PYMNTS

MARCH 13, 2019

A new report by the United Nations has revealed that global banks are being used to enable payments in illegal deals by North Korea. Global banks are involved in two main problems,” Hugh Griffiths, the head of the UN panel overseeing sanctions on North Korea, said in an interview Tuesday (March 12), according to Bloomberg.

New York 116

New York Bitcoin Maine Fraud 116

CFPB Monitor

JULY 6, 2021

The Priorities, listed according to FinCEN “[i]n no particular order,” are as follows: Corruption; Cybercrime; Domestic and international terrorist financing; Fraud; Transnational criminal organizations; Drug trafficking organizations; Human trafficking and human smuggling; and. The Priorities and Their Utility. Proliferation financing.

United States 78

United States Fraud Regulation Compliance 78

PYMNTS

DECEMBER 18, 2018

As well, the form has a long history of transmitting national values and providing cultural, political and even economic education — one need only dig deep into the comic scene during World War II to understand that. Indeed, education in general is important to increased online security, privacy and fraud prevention efforts.

Compliance 152

Compliance Fraud Security Course 152

PYMNTS

JUNE 14, 2018

A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. with more than 16,800 victims recorded in 2016.

Fraud 109

Fraud Taxes Resources National 109

PYMNTS

MARCH 12, 2020

Earlier this year , all four of Greece’s main banks were forced to enact security protocols after a data breach, and 15,000 consumer cards were canceled. Consumer information was compromised on a tourist website and Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece were all forced to cancel cards.

Data 155

Data Payments Cards Maine 155

PYMNTS

APRIL 18, 2018

Bloomberg reported that the reasons for the cash shortages are varied, but one of the main ones is concerns from the public, which is losing faith in the banking system and thus loading up on cash. Also adding to the concern is the fraud at Punjab National Bank , the state bank that issued fake loans.

ATM 100

ATM National Maine System 100

PYMNTS

JANUARY 22, 2020

All four of Greece’s main banking institutions enacted security protocols after a data breach, and consequently cancelled 15,000 consumer cards, according to reports.

Cards 130

Cards Data Maine Security 130

PYMNTS

FEBRUARY 27, 2018

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. Several nations around the world are reconsidering their approach to security and national identity systems. billion USD. The effectiveness of the U.S.

Security 110

Security Report National Millennials 110

PYMNTS

OCTOBER 25, 2019

These debates are nothing compared to the looming specter of fraud, however. In the October Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the growing popularity of virtual restaurants and how QSRs are protecting themselves against friendly fraud.

Trends 116

Trends Mobile Fraud Google 116

PYMNTS

JULY 16, 2020

Algorithmic tools designed before March are having trouble predicting consumers’ behavior during the pandemic, and some firms are upgrading their fraud screening systems so they are better able to predict consumer behavior. For more on these and other payment orchestration news items, download this month’s Playbook.

Mobile 181

Mobile Payments System Bitcoin 181

FICO

FEBRUARY 16, 2021

The USA has been suffering from a pandemic of synthetic identity fraud. Synthetic identity fraud happens when fraudsters use a combination of real and fabricated information to create identities of people that don’t exist. Although the issue of synthetic identity fraud is global, the USA has proven to be particularly susceptible.

Fraud 52

Fraud Security National Examples 52

PYMNTS

DECEMBER 3, 2019

But a study from the National Restaurant Association found that just 18 percent of restaurants offer mobile ordering via their own apps, while 43 percent of consumers want such methods. The portion of QSR customers who are concerned that their online actions could be at risk for fraud is 62 percent. percent year over year in Q3.

Innovation 130

Innovation Mobile Fraud Cards 130

PYMNTS

MARCH 9, 2020

A French hospital, in one case, noted that nearly 2,000 surgical masks were removed from its main operating room, while a trauma doctor reportedly took 12 boxes of masks from a storage room at a hospital in Spain. All of the nation’s schools were previously shuttered until mid-March.

Policies 141

Policies New York San Francisco Seattle 141

PYMNTS

OCTOBER 3, 2018

The country is the latest nation to help push B2B payments into the digital age. The developments come amid increasing regulatory focus around the globe on moving those transactions away from mistake- and fraud-prone analog processes. The main contractor must fetch the eInvoice from (the platform).

Payments 145

Payments Maine United States Management 145

PYMNTS

AUGUST 2, 2019

One of the main issues being revisited is Facebook’s purchase of Instagram and WhatsApp. to come up with a national privacy law have hit a wall, with Senators unable to agree on how strict the rule should be. Efforts from lawmakers in the U.S.

Regulation 144

Regulation Virginia Google Capital 144

PYMNTS

NOVEMBER 5, 2019

The latest entrant to the government-issued digital ID scene is France, which recently announced a new national identification program that leverages facial recognition biometrics to verify citizens’ identities. Synthetic identity fraud continues to grow, but far slower than when it ran rampant in 2015 and 2016. billion in Q2 2019.

Data 101

Data Fraud Security Trends 101

PYMNTS

JANUARY 2, 2019

charged two Chinese nationals with perpetrating a global hacking campaign, right after accusations that someone connected to the People’s Liberation Army compromised the EU’s diplomatic communications system, which Beijing denies. “The and concerns in capitals around the world, like Berlin and Tokyo. Last month, the U.S.

Maine 176

Maine National Capital Technology 176

PYMNTS

JULY 27, 2020

Like incumbent banks, some of the nation’s largest and oldest insurance companies have struggled to modernize in light of outdated infrastructure and workflow patterns that often resist any effort to change. . The data collected during the onboarding process is key to mitigating fraud risks for insurance companies, too.

Innovation 247

Innovation User Experience Industry Fraud 247

PYMNTS

SEPTEMBER 30, 2020

MENA nations’ original rules involved data privacy, but they were focused on developing the open banking ecosystem and allowing information to move freely. Cybersecurity and data privacy have always been critical facets of open banking regulations as fraud tends to increase alongside growing online transaction volumes.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

FEBRUARY 28, 2017

HYPR, for example, debuted what it is calling a biometric shopping platform at the National Retail Federation’s BIG Show in New York City in January. The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials.

New York City 100

New York City Fraud Security New York 100

PYMNTS

DECEMBER 7, 2018

National Security Agency who, along with his wife, Cyndi, now runs Gula Tech Adventures , a venture capital firm that focuses on digital security. My main concern is that you have quick fixes,” he said. and other places.

Payments 240

Payments Tools Security Regulation 240

PYMNTS

SEPTEMBER 8, 2020

But Gauthier said the tricky part about trust for retailers heading online is how to maintain it when they move beyond a local customer base who may know them, to a new to digital audience, or one that’s national or even international. PYMNTS new research on building trust in a digital world says visual and social cues are important.

Innovation 223

Innovation Retail Millennials Tools 223

PYMNTS

FEBRUARY 28, 2019

Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows. Cybercriminals have recently targeted apps like Uber and Airbnb to launder money, which is then further used for committing illegitimate activities.

Payments 183

Payments User Experience Training Case Study 183

Abrigo

APRIL 26, 2022

The Financial Crimes Enforcement Network ( FinCEN ) has profiled this global issue by naming corruption one of the eight national security priorities. As a national priority, corruption must be added to each institution’s risk assessment. financial system and national security as it was in 2004. financial system.

Training 195

Training Regulation System National 195

PYMNTS

JUNE 19, 2018

He added that raising the duty on mobile payments would mostly hurt the poor, most of whom do not have bank accounts and rely on mobile transfer services like the company’s M-Pesa , which now has more than 26 million users in the East African nation of 45 million. The move will also leverage M-Pesa as a social network.

Taxes 100

Taxes Mobile Maine National 100