PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch .

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PYMNTS

NOVEMBER 20, 2019

This rampant availability of users’ data makes it easier for bad actors to wreak havoc and commit fraud. She recently spoke to PYMNTS about how Scotiabank has revamped its fraud strategy in recent years. “I The increasing sophistication of fraud attacks has led Scotiabank to reassess how it employs AI, ML and automation.

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PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. Fraud Threats To Digital Banking. Identity fraud accounted for $16.9 Leveraging Video-based Onboarding, AI To Prevent Identity Fraud.

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PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6

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PYMNTS

JULY 20, 2017

Digital Shadows , the industry leader in digital risk management, revealed its findings on the changing habits and tactics of organized credit card fraud gangs, discovering a new trend in the form of remote learning “schools.”. In just two of the most popular ‘carding’ forums, 1.2

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PYMNTS

MAY 5, 2016

Online fraud problem? What fraud problem? Judging from the latest Benchmark Report from CyberSource, online merchants are not only doing a great job of managing fraud, they are doing it across all online channels — and across all types of businesses. Fraud Is Even Lower In Cross-Border Commerce?

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FICO

MAY 19, 2020

History tells us that things like natural disasters, times of economic instability, and fears of recession or unemployment provide the perfect environment for increased fraud and financial crime. So, I thought I would outline my top 5 fraud manager considerations during COVID-19.

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PYMNTS

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That sort of fraud prevention spends 100 percent of the time on that one aspect of fraud, he noted.

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FICO

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me.

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The Paypers

SEPTEMBER 22, 2017

(The Paypers) A study conducted by Vesta and Javelin has revealed that online merchants` fraud costs continue to rise, with fraud management taking more than one fifth of operational costs.

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PYMNTS

JANUARY 27, 2021

This increased digital presence also brings a greater risk of digital fraud, however. Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously.

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PYMNTS

JULY 10, 2020

Quick-service restaurants (QSRs) and others in the food service space are rapidly adjusting their operations during the pandemic, with many implementing new technologies online and in-store to ensure customers can seamlessly and safely place orders. Taco Bell’s Approach To Fostering Customer Loyalty And Fighting Fraud.

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PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. Why Pandemic-Driven Online Payment Spikes Are Pushing Middle Eastern Regulators To Confront Privacy Questions.

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PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . With firms losing more than $5 million in stolen data tied to breaches, the true cost of online fraud is increasing. With firms losing more than $5 million in stolen data tied to breaches, the true cost of online fraud is increasing.

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PYMNTS

APRIL 2, 2020

On Thursday (April 2), Bottomline Technologies announced it will offer lenders a simplified Small Business Administration (SBA) loan application platform to originate credit online under the “Paycheck Protection Program.”. In the same study conducted in 2017, only 40 percent of companies reported cases of malfeasance.

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PYMNTS

OCTOBER 14, 2020

Among clear COVID-era trends is the embrace of debit for managing and mastering new realities. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. “One

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PYMNTS

AUGUST 5, 2019

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. The Whole New World of Check Fraud.

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Fraud Payments Mobile Handbook 162

PYMNTS

DECEMBER 26, 2019

“The Deutsche Bank Mastercard Tarjeta Calma will go beyond usual payment card benefits, and offers customers the latest security tech so they can buy online in an environment where online shopping is ever-growing,” Luis Miegimolle, Deutsche Bank card manager, said in a statement. “We

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PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. Eighty-one percent of consumers in one recent study said that trusting brands was a major factor in determining whether they would interact with them, for example.

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PYMNTS

FEBRUARY 10, 2017

While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud. Instead, the new and more significant trend will be an ever-increasing number of online purchase attacks, he noted. Identity Fraud On The Rise. A large chunk of U.S.

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PYMNTS

JULY 9, 2018

The problem with fighting fraud — according to GIACT EVP of Product David Barnhardt in this week’s edition of the PYMNTS Topic TBD — is how much information fraudsters have at their fingertips about regular consumers. In this case, it is two pieces of secondary data that trigger the discovery that this is a fraud.”.

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PYMNTS

NOVEMBER 23, 2020

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”.

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FICO

MARCH 1, 2022

Fiserv, a leading global provider of payments and financial services technology solutions, has developed a new fraud mitigation service that has reduced fraud losses, which were already low by industry standards, by 10 to 15% for its small to midsize credit union and bank clients. Keeping Up With The Fraudsters.

Fraud 52

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FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

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PYMNTS

AUGUST 28, 2019

Studies suggest that even next-day delivery may be too slow. A significant share of Generation Z consumers — those aged 18 to 25 — are turning to buy online, pick up in store ( BOPIS ) purchasing models to meet their speed needs. Rural customers may therefore see diminished online delivery offerings.

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PYMNTS

APRIL 15, 2020

Ethoca’s Digital Receipts service offers transparency about online purchases to make it easier for people to keep track of what they buy. People want more information about their purchases, according to a recent Aite Group study commissioned by Ethoca. Customers sometimes don’t recall making a purchase or forgot a family member did.

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Fraud Cards Tools Online 167

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

Fraud 52

Fraud Cards Analytics System 52

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.

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Fraud Retail Cards Samsung 100

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

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PYMNTS

FEBRUARY 27, 2020

As William Carter, deputy director and fellow for the technology policy program at the Center for Strategic and International Studies, recently told PYMNTS , “China is viewed externally as a country where privacy is not expected and not thought about, but I do not think that accurately reflects how it is viewed within China.”

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Fintech Fraud Data Lending 192

PYMNTS

OCTOBER 7, 2019

Fraud never sleeps, and the corporate finance department cannot afford to stay behind on the ever-changing strategies of fraudsters. Mixing Internal and Internal Fraud. However, the case is also a unique instance of fraud stemming from both within an organization and from a third party. percent for small banks.

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PYMNTS

OCTOBER 16, 2019

Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. A majority of FIs plan to invest more in financial crime compliance than fraud risk management, though 43 percent reported no integration between fraud and financial risk compliance.

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NCR

JULY 28, 2017

The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. Research has shown that fraud has become a bigger threat as consumers and businesses have moved more of their financial processes into the digital space. An escalating threat.

Fraud 74

Fraud Digital Banking Survey Security 74

PYMNTS

DECEMBER 14, 2020

“[Circumstances] have underscored the singular importance of artificial intelligence (AI) in managing credit risk as well as supporting other bank operations. Better credit management is just one benefit AI can confer to banks, however,” per the Playbook.

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ABA Community Banking

MARCH 29, 2018

Picks Boston Consulting Group to produce research Payments Risk Management Online Security.

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PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. FIs around the globe are also grappling with faster.

Technology 142

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PYMNTS

JULY 9, 2019

As digital payments and commerce grows — and as consumers and regulators focus more on issues related to web security and privacy — digital ID continues to take more of a role in addressing those concerns, and helping online companies and organizations win over more consumer and otherwise scale. ID Data Points. Biometric Markers.

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