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. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

Fraud 52

Fraud Data Survey Regional 52

Insights on Business

FEBRUARY 11, 2019

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. Synthetic identities and new account fraud.

Fraud 111

Fraud Payments Data Study 111

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.”. And these criminals are going after a potentially lucrative market.

Study 124

Study Online Course Cards 124

PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

Mobile 289

Mobile Boston Fraud Colorado 289

PYMNTS

OCTOBER 4, 2019

Visa Powers Revolut’s Global Expansion Into 24 New Markets. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum. The global threat of fraud shows no signs of slowing down. Losses related to fraud are valued at $14.7 billion, according to the most recent DataVisor Fraud Index Report. Top Stories.

Fraud 108

Fraud Google Apple Chicago 108

PYMNTS

DECEMBER 2, 2020

P97 Networks and Cybersource, Visa ’s international payment and fraud management platform, have unveiled a new multi-year international partnership to provide mobile payment acceptance tools that come with integrated risk management for fuel and convenience merchants, according to a Wednesday (Dec. 2) announcement emailed to PYMNTS.

Payments 205

Payments Risk Management Fraud Mobile 205

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. percent.”. “And

Fraud 100

Fraud Retail Cards Samsung 100

PYMNTS

SEPTEMBER 27, 2019

MyPayrollHR Founder Faces $70M Fraud Charge. The CEO and founder of the New York payroll company MyPayrollHR was arrested and charged in a $70 million bank fraud scheme that left hundreds of small businesses across the country scrambling. Visa Partner Launch Eyes $17T Digital Payments Opportunity For FinTechs.

Fraud 116

Fraud Fintech District of Columbia Payments 116

FICO

FEBRUARY 9, 2022

The payments market in Brazil is undergoing radical change as the country moves from a traditionally cash-based society to new flexible payment products and services. To counter this threat, Elo needed a best-in-class transaction fraud solution for their expanding network of issuing banks, both large and small.

Fraud 52

Fraud Cards Analytics System 52

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study. In today’s highly interconnected ecosystem, businesses rely on many other companies to keep their operations running smoothly. Trackers and Reports.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

FEBRUARY 24, 2020

The mobile order-ahead market continues to expand its footprint, growing by 23 percent over the past four years and now accounting for more than 3.1 But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. billion restaurant visits and $26.8 billion in sales.

Data 214

Data Fraud Mobile Florida 214

PYMNTS

APRIL 1, 2020

Mandated school closures have forced educators to seek out devices like iPads and Chromebooks for students to continue their studies at home, Spear explained. Spear noted that suppliers must rethink many of their sales and AR operations, particularly when it comes to extending trade credit to buyers.

Marketing 160

Marketing Retail Fraud Examples 160

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The topics were perfect, and there were some great case studies, but the substance was standard, bordering on underwhelming.

Conference 221

Conference Las Vegas Fraud Case Study 221

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

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. For a case study in the new privacy rules at scale, people are looking to China and its Multi-Level Protection Scheme 2.0

Regulation 130

Regulation Case Study Fraud Study 130

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 The digital payments industry is seeing record profits, with a study expecting it to hit $120.7 trillion in 2020. trillion in transaction value by 2023.

Payments 219

Payments Compliance Fintech Innovation 219

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

PYMNTS

MARCH 3, 2020

A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. million.

ATM 151

ATM Fraud Study Regional 151

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. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142

PYMNTS

FEBRUARY 19, 2019

Further proof of that came recently from a young company based in San Francisco called Castle , which helps eCommerce operators such as Touch of Modern and Rue La La to defend against that type of fraud. The specific problem the company aims to solve is one that is increasingly familiar to other digital and eCommerce operations. “We

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. With the global pandemic continuing to cause market disruptions, the opportunities for fraudsters remain on the rise.

Fraud 148

Fraud Missouri California Report 148

PYMNTS

JANUARY 13, 2021

Considering the circumstances, it’s impressive that so many of them maintain an optimistic attitude in the New Year, which is exactly the story told in Visa ’s new Back to Business Study — 2021 Outlook. Among those investments: data safety, fraud prevention and fulfillment.

Tools 215

Tools Data Meeting Maine 215

PYMNTS

APRIL 9, 2019

The payment and commerce markets can be impatient creatures. That’s easier said than done, according to the PYMNTS “ AI Innovation Playbook: Perception Versus Reality In Payments And Banking Services ” study, done in collaboration with Brighterion. There is a lot of confusion, and a lot of noise” around AI, Adjaoute said.

Fraud 194

Fraud Study Maine Data 194

PYMNTS

APRIL 25, 2016

The market saw its first tech IPO, an SME cybersecurity company, and we have the details on how much it raised. Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need.

Fraud 100

Fraud Cards Lending Analysis 100

PYMNTS

JANUARY 28, 2020

A recent study found that CUs beat banks in eight financial well-being attributes, such as helping consumers reach financial goals, understanding financial well-being and putting consumers’ financial well-being ahead of banks’ interests. New technologies are being developed to continue this market growth. Total CU assets increased 7.4

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

APRIL 29, 2019

The vast majority of them expect to be larger in the next three years, and they see themselves expanding globally within existing markets, emerging markets in Asia and Latin America, and new digital channels. They estimated the cost of supporting these payment operations at an average of 2.7 percent of sales. percent of sales.

Payments 170

Payments Survey America Study 170

PYMNTS

MARCH 12, 2020

She noted that firms such as PULSE have enabled payments functionality spanning push payments, peer-to-peer (P2P) and business-to-consumer (B2C) for the past decade and that operating rules require funds to be available in customer accounts within 30 minutes.”. A tight labor market means employers must be cognizant of what their workers want.

Cards 154

Cards Fraud United States Payments 154

PYMNTS

JUNE 17, 2020

Both of these channels are thus perfect targets for fraud, with cybercriminals posing as restaurants on social media and attempting to scam customers of their personal data, and fake reviews driving customers away from restaurants.”. A solid fraud prevention solution is a QSR’s first line of defense against card testing attacks.”.

Tools 141

Tools social media Fraud Mobile 141

PYMNTS

SEPTEMBER 24, 2020

FIs that offer remittances must also comply with a variety of regulations intended to help ensure that terrorists and other criminals are unable to abuse the services to finance illicit operations and hide ill-gotten funds. Maintaining compliance with these important regulations can be challenging, but FIs cannot afford to slip up.

Compliance 223

Compliance Tools Fraud Regulation 223

PYMNTS

DECEMBER 9, 2020

The Playbook outlines six key operations that can be enhanced by applying AI systems, ranging from fraud detection to marketing optimization and even personalized chatbots.

How To 245

How To Management Report Strategy 245

PYMNTS

JANUARY 19, 2021

Digital identity is anticipated to generate $8 billion for mobile network operators by 2025, up from $1.3 That same report noted “an encouraging drop of 24 percent in ID-based fraud rates in 2020 from 2019. billion in 2020 alone.”. Digital A Lifesaver For HR Pros. Most HR departments fared no better in this.

Fraud 151

Fraud Survey Video Mobile 151

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. Airbnb on Payments, User Friction and Security Challenges in a Global Market. To read the Case Study, download the Playbook.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

DECEMBER 31, 2020

For this reason, the Tracker notes that “many CUs are focusing on entering the small business banking market and are looking to snag some of the $500 billion that small to mid-sized businesses (SMBs) are spending on bookkeeping, invoicing, payments and related services. They must confront one major obstacle in doing so, however: big banks.

Survey 235

Survey Arizona Innovation Innovation Strategies 235

PYMNTS

DECEMBER 22, 2020

By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times. When fully operational, the scheme could generate a shift of just 4% of spending from cash to electronic means of payment in 2021,” Confesercenti said in a study released last week.

Cards 188

Cards Payments Taxes Study 188

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. In-your-face unpredictability lit a fire under lukewarm AI plans as COVID-19 was decimating financial markets worldwide. Smarter, Faster Decisioning.

Fraud 218

Fraud System Digital Banking Data 218

PYMNTS

APRIL 27, 2020

One study recently determined that the number of digital banking users is expected to exceed 3.6 billion by 2024, and a separate study suggested that many customers were willing to use FinTechs as well as their primary banks to receive the level of technological support they desired.

Digital Banking 248

Digital Banking Tools social media Mobile 248

Independent Banker

DECEMBER 31, 2022

We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. When it comes to payments, there are opportunities out in the market to partner with fintechs,” says Chris Doyle, president and CEO of $2.1 Address fraud and security. Fraud is running rampant.

Trends 140

Trends Payments Community Bank Texas 140