PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region.

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FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . For these reasons, BNPL loans, which are convenient and fast, can be an excellent spend management tool. Strategies and Tools for Fighting BNPL Fraud. A BNPL Primer.

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FICO

MARCH 11, 2020

This type of fraud is known as subscription fraud or first party fraud, where a consumer is opening an account for a subscription service (e.g., This type of fraud can constitute 10-20% of the bad debt. In this blog post I will look at: The growing problem of subscription fraud. This is not subscription fraud.

Fraud 52

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Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

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The Paypers

FEBRUARY 12, 2018

(The Paypers) Verifi , a US-based end-to-end payment protection and management solutions company has entered the Australian and New Zealand markets.

Regional 28

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PYMNTS

NOVEMBER 19, 2020

This represents 59 percent growth over the past 10 years, much of it buoyed by a surge in sign-ups across the Oceania region. CU members stand to benefit greatly from such solutions, as the study reported that 51 percent them of them have had their identities stolen and 68 percent have been targeted by debit or credit card fraud.

Alabama 228

Alabama Meeting Fraud Trends 228

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

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FICO

JUNE 17, 2021

Surely, not all of these mechanisms are as secure as each other, so there is a relationship between payment methods and fraud risk. Let's take a look at the options I was presented with and what that really means to both the consumer and the fraudster. When presented with the above list, it is easy to be overwhelmed, as I was.

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The Paypers

NOVEMBER 14, 2017

Ioó , Payment and Fraud Manager, at Travian Games : Each region of the world presents varying fraud levels and trends, which can be identified through active investigation and research by a dedicated fraud team (The Paypers) Andie G.

Fraud 31

Fraud Regional Trends Management 31

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

Fraud 40

Fraud Analytics Compliance Data 40

PYMNTS

APRIL 18, 2019

According to Financial Times , the money was part of a $20 billion scheme known as the “Russian Laundromat,” which was leaked from a supervisory board presentation. As a result of the findings, the financial institution (FI) is reportedly preparing for potential fines, litigation and prosecution of individual managers. million of U.S.

Regional 155

Regional Regulation Payments Management 155

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2 And while fraud can be costly, it can be downright devastating for companies that choose to do nothing about it. for every dollar lost to eCommerce fraud. IoT growing pains.

Fraud 100

Fraud Security Retail Mobile 100

PYMNTS

JULY 21, 2020

The digitization and acceleration of back-office financial workflows have presented the opportunity for organizations of all sizes to become more agile, with more data available to treasurers for clearer, real-time visibility into cash positions. These hurdles are, indeed, massive challenges.

Management 160

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Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

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PYMNTS

AUGUST 21, 2020

In the past 90 days, Lesher said, 51 percent of new accounts have been opened at megabanks, 18 percent at digital banks, 15 percent at regional banks and just 10 percent at credit unions and community banks. By contrast, thieves usually get away with three or four transactions without such tools present. Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

JANUARY 9, 2020

The name “EMV” originally stood for Europay, Mastercard and Visa, the three credit card companies that developed the system, but the standard is now managed by the EMVCo consortium. Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. Recent findings have shown that 76.7

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Fraud Cards Retail Security 131

Abrigo

OCTOBER 3, 2014

Thomas focused on three key issues directly affecting the present and future of the accounting industry – increased regulations, a shifting workforce, and changing continuing education – as well as some thoughts on the opportunities these challenges offer.

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PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. And accurately, he noted, doesn’t just mean they lock out fraud. Opportunity, he noted, abounds.

Innovation 161

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PYMNTS

MARCH 8, 2017

7), Bluefin Payment Systems announced its new partnership with international online payments and fraud and data management solutions provider First Atlantic Commerce (FAC). PYMNTS: Why was it important for Bluefin to make its solutions available to merchants and acquiring banks in the LAC region? On Tuesday (Mar.

Marketing 101

Marketing Payments Regional Security 101

South State Correspondent

OCTOBER 28, 2022

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). During the two weeks, there were over a hundred significant cyberattacks by nation-states on national and regional banks that you could watch unfold in near real-time (bel0w) at Gartner and Money 20/20.

Conference 195

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Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. You are all aware we have detailed, sophisticated rules and methodologies we use to present these coveted awards – or, well, maybe we don’t. billion bank in the Mid-Atlantic region.

Fintech 194

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Abrigo

AUGUST 31, 2023

Critical KYC Asking uncomfortable questions: the personal touch Senior management may view KYC as a regulatory obligation that burdens the client experience, thus affecting the relationship. Uncommon client situations present themselves more often than they used to, and the circumstances presented may need more procedural guidance.

Compliance 195

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FICO

OCTOBER 17, 2018

If your business uses FICO analytics and software to manage risk, fight fraud, improve profitability, increase financial inclusion or comply with regulations, you are already ahead of the curve. Winners can come from any region or industry. Customer Onboarding and Management - Shanghai Pudong Development Bank.

Analytics 40

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FICO

JUNE 9, 2016

Millennials reward positive fraud outcomes. FICO’s latest research on consumer banking trends has revealed that 22% of US consumers will close an account after a fraud incident, while 29% of Millennials will close all accounts with that bank. 25% of Millennials will write a negative post on social media about a fraud incident.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. This varies from country to country, but installments are popular throughout the region.

America 100

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PYMNTS

OCTOBER 8, 2019

In light of the widespread lack of preparedness across the European Economic Area (EEA), Mari Anne Bayliss, director of EMEA solutions management and strategy at CyberSource , felt it was not surprising that — as of the Sept. That might mean working with existing fraud tools, or building additional tools like the Visa Transaction Advisor.

Compliance 156

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PYMNTS

JUNE 2, 2016

APEX Analytix , which focuses on supply chain management and optimizing the use of working capital, late last month announced the newest release of its FirstStrike SmartVM, which is software geared toward sourcing, scrubbing and simultaneously cleaning data that flows across corporate clients’ transoms about their suppliers.

Data 100

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PYMNTS

APRIL 30, 2019

Writ large, said Eleveld, the payments industry will likely see card-not-present fraud shift from Europe to more distant shores, where less strict authentication processes are in order. Geographically speaking, in a post-PSD2/SCA world, eCommerce fraud may shift, he said, to places like Latin America and the Asia Pacific region.

Fraud 171

Fraud Online Cards Payments 171

FICO

NOVEMBER 23, 2021

FICO has announced its panel of independent judges for the 2022 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. He has an MBA from the Indian Institute of Management.

Meeting 52

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PYMNTS

OCTOBER 21, 2019

The new SCA Impact Playbook explores how subscription-based merchants can prepare for SCA and manage conversion, churn and card-based risk. The goal is for merchants to think about how they will manage the SCA transition, and to develop a fraud and exemption strategy. The Three Cs: Conversion, Churn and Card-Based Risk.

Strategy 100

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PYMNTS

OCTOBER 17, 2019

According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. trillion by 2020, presenting a problem for third-party marketplaces that allow individual sellers onto their platforms.

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

OCTOBER 17, 2019

According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. trillion by 2020, presenting a problem for third-party marketplaces that allow individual sellers onto their platforms.

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

DECEMBER 28, 2016

At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. While customers were not exactly sure how that fraud protection occurred or about the significance of the chip card, they felt more secure when making their purchases. But with the good comes the bad.

Cards 116

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Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Regional Coalitions. Secret Service Electronic Crimes Task Force (ECTF).

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Alex Jimenez

NOVEMBER 4, 2023

Wealth Management: While Money20/20 has historically been a payments-focused conference, there was quite a bit of discussion on innovations in wealth management, with an emphasis on generational wealth transfer and the overall impact of technology. There were a couple of sessions that focused on payments in Africa.

Conference 84

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PYMNTS

DECEMBER 11, 2019

In Norway, banking group Eika Group announced an investment in and collaboration with EedenBull in an effort to help traditional financial institutions in the region strengthen financial services to business clients. The company emphasized the opportunity open banking presents to promote automation for the SMB community.

Fintech 132

Fintech Groups Data Strategy 132

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. Jeff Reynolds, managing director at Darling Consulting Group in Newburyport, Mass., Illustration by Jill DeHaan. Connors, Jr.,

Strategy 135

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