PYMNTS

JUNE 23, 2020

Federal Reserve has introduced a new effort to combat payments fraud. ” “Supporting real-time payments through the RTP network is an important step for us,” he continued. Federal Reserve Tackles Fraud Across Rails. In the U.S., And when it comes to legacy rails, the U.S. RTP Gains Community Bank Traction.

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The Paypers

APRIL 11, 2024

US-based fraud prevention company NICE Actimize has announced a new Integrated Fraud Management platform that delivers pervasive AI across fraud prevention.

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PYMNTS

SEPTEMBER 28, 2020

Pandemic-related fraud attempts continue to climb. This week's B2B Data Digest looks at the latest figures behind such fraud targeting corporate finance teams. 57 individuals have been charged with Paycheck Protection Program (PPP) fraud , according to Reuters reported. "You Barrenechea in a statement.

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PYMNTS

SEPTEMBER 3, 2020

The pandemic has pushed us to do all things digitally while opening up new vectors of attack. Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to snare unwitting victims. . .

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PYMNTS

JANUARY 26, 2021

Add “lobby and visitor management” to the list of tech industries that have seen a spike in demand as companies contend with an ever-changing list of COVID-19-era requirements needed to safely and swiftly move people and packages in and out of their businesses. So what our customers are asking from us today as we reopen is, ‘Hold on a second.

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FICO

FEBRUARY 16, 2022

FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds.

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FICO

FEBRUARY 16, 2022

FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . US customers and their banks are familiar with different types of fraud including card, identity, and payment related frauds.

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The Paypers

FEBRUARY 27, 2024

US-based fraud and risk management company DataVisor has announced the launch of a new solution developed to efficiently detect fraud and financial crimes.

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PYMNTS

SEPTEMBER 20, 2016

19) that its Payment Fraud Manager tool detected more than 90 percent of fraud while reviewing only 2 percent of the transactions. According to the company, the new ACH predictive model uses a data consortium model to help stop fraud before a payment leaves the originating financial institution.

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PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

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PYMNTS

AUGUST 19, 2019

As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett. Fraud that was in turn prevented by the unit amounted to as much as $8.2

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FICO

FEBRUARY 16, 2023

While this alone should give pause, when combined with the fact that there were an average of 185 cards compromised per skimming event, banks and consumer should all be wary when using any ATM, point of sale terminal, or other location where a card skimmer could be potentially located.

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FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. How Did the Pandemic Change Fraud? Tue, 07/02/2019 - 02:45. by TJ Horan.

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The Paypers

MARCH 7, 2024

US-based spend management platform Airbase has partnered with Sardine to prevent cases of payment and vendor fraud.

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PYMNTS

DECEMBER 30, 2020

Connecticut-based People’s United Bank has seen this trend in action in recent months, said Karen Boyer , the financial institution's vice president of financial crimes and fraud intelligence. This online commerce shift has brought with it an increased risk of fraud, however. Debit Fraud Threats In The Time Of eCommerce.

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PYMNTS

DECEMBER 16, 2020

The topic was front and center in an On the Agenda discussion with PYMNTS CEO Karen Webster, Ethoca CEO Andre Edelbrock , Cabela’s and Bass Pro Shops Senior Manager of Fraud and Investigations Keith Thompson and First National Bank of Omaha Director of Fraud Management Steve Furlong. The Scope Of The Problem.

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The Paypers

MARCH 15, 2023

US-based fraud prevention company NICE Actimize has launched its Money Mule Defense Solution, to detect fraudulent activity through the customer lifecycle.

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PYMNTS

JUNE 8, 2020

Retail dispute management system Chargeback announced Monday (June 8) that it has closed a $6.6 CEO John Munro told PYMNTS that Chargeback will use the money partly to continue automating the company’s business process across different payments platforms. million Series A1 funding round.

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Perficient

DECEMBER 18, 2023

In the fast-paced realm of finance, the significance of regulatory risk and compliance management practices cannot be overstated. Reputation Management Trust is the cornerstone of the financial industry. Contact us to jump-start your journey today!

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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

NOVEMBER 19, 2020

This shift has prompted many eateries to rely on emerging tools like artificial intelligence (AI) to better manage various aspects of their operations as consumers transact remotely. The technology is also credited with helping them meet diners’ demands for seamless purchasing experiences as well as enabling them to battle fraud. .

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Payments Source

JUNE 30, 2020

Tia Ilori, Senior Director of global fraud and breach investigations at Visa, joins us to talk with Michael Moeser, PaymentsSource's senior analyst, about the new attacks and fraud trends that have emerged since the start of the pandemic.

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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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PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. The ability to provide convenience will become “a huge competitive differentiator” over time, he said, citing Amazon, with its famed quick checkout process, in turn predicated on the ability to manage risk accurately and in real time.

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PYMNTS

JANUARY 30, 2020

An employee’s accidental use of her corporate card to pay for groceries isn’t a crime, but it does fall under the heading of “ friendly fraud ,” which creates friction for the accounting department. Not only is that error-prone, but it’s out of touch with a youthful workforce that has no use for ink-stained “olden banking.”.

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FICO

FEBRUARY 23, 2022

When it comes to fraud, are people worried about the wrong things? New data suggest that people are concerned about fraud, but one of the biggest threats seems to be flying under the radar, at least for consumers. That threat is fraud scams – tactics and techniques that fraudsters are using to trick people into giving away their money.

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PYMNTS

MARCH 12, 2019

Mastercard announced Tuesday (March 12) that it has inked a deal to acquire Ethoca , a global provider of technology to identify and resolve fraud in digital commerce. In a press release , Mastercard said Ethoca enables merchants and card issuers to collaborate in real time to fight digital commerce fraud.

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The Paypers

AUGUST 17, 2023

US-based fraud and risk management company DataVisor has announced the launch of a new solution to prevent instant payments fraud.

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FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions.

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Perficient

DECEMBER 27, 2023

Manage third-party risks, especially for relationships involving higher-risk or critical activities. Other, traditional financial crime risks, especially fraud, continue to demand banks’ vigilance. Contact us today to discuss in depth how we can help tackle your business challenges.

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PYMNTS

JANUARY 4, 2019

The 2018 holiday season has barely ended and it’s a good bet that retailers and payments players have yet to identify all the fraud that took place. The rest of the year will bring other such attacks, and no doubt new attacks barely imagined even by veteran fraud-prevention experts. Criminal Rings. Criminal Patience.

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PYMNTS

NOVEMBER 2, 2020

Today in B2B, trade finance technology provider Surecomp announces its newest marketplace partner, and Serko expands its expense management offering into North America. Plus, Suplari launches new corporate spend management solutions, and PROS expands its Adobe partnership to help B2B business customers launch eCommerce operations.

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FICO

MARCH 30, 2023

Both from a cash and a fraud perspective, my curiosity was piqued, and I fell down the rabbit hole to learn more. In the UK more than 23 million people used basically no cash in 2022. Fraudsters Love Digital Real-Time Payments All this rapid change is great for one thing — fraud. Where Did My Cash Go?

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PYMNTS

JANUARY 29, 2019

A new report has revealed a “critical disconnect” between fraud prevention and business growth. Despite the fact that 77 percent of companies said delivering a frictionless customer experience is a top business priority, 58 percent noted that existing fraud prevention programs are creating friction or blocking good users.

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PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. What also jumped out at us was the pattern of behavior after an account takeover,” Huang told PYMNTS. The Big Disconnect.

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PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. 8), Airmax released the results of a 2017 survey that highlighted the potential for fleet managers to save through miles per gallon (mpg) monitoring. Commercial Fleet Sales Manager Scott McGregor in a statement at the time.

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PYMNTS

JUNE 17, 2020

The goal of using blockchain is to hopefully cultivate a reliable source of information, documenting every data point necessary to keep track of the supply chain. Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported.

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