PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

Fraud 100

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Jeff For Banks

NOVEMBER 28, 2023

I asked Google Bard, a large language model tool, the following: "Describe the future of banking in the United States in buzzwords." Data-driven decision-making : Banks will use data analytics to make better decisions about product development, marketing, and risk management. Here is what it came up with.

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United States Analytics Risk Management Google 92

PYMNTS

OCTOBER 19, 2018

They are able to use cutting-edge technology, black-market websites and top-level, nimble and well-secured global networks to work their craft. At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. million fraud crimes in 2017, Trilli said, and $22.1 In the U.S., there were 16.7

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PYMNTS

MAY 10, 2017

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

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PYMNTS

SEPTEMBER 3, 2019

The global digital ad market is expected to be valued at $225 billion by 2020, so it is no wonder fraudsters are trying to steal a piece of the pie. Ad fraud’s prevalence is largely due to two factors: The lack of regulation and the sheer complexity and volume of online advertising. Ad fraud can take a variety of forms.

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PYMNTS

OCTOBER 25, 2017

With many shoppers in Mexico wary of credit card fraud and relying mostly on cash, Amazon has launched a new cash payment service in the country. Even so, the company’s Mexico sales of $253 million last year were well behind the market leader, Argentina’s MercadoLibre, Inc., and only slightly above Walmex ’s online revenues.

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PYMNTS

NOVEMBER 12, 2019

Home is sometimes where the fraud is, as criminals often consider purchasing properties or making rental payments to launder ill-gotten gains. The Face Of Digital Real Estate Fraud. It is estimated that real estate money laundering costs $1.6 Bad actors abuse home purchasing and rental transactions in myriad ways.

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PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. A Big-Picture Approach To Thwarting Debit Fraud.

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PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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Abrigo

JANUARY 17, 2024

FinCEN data shows that human trafficking in the United States takes place in a wide variety of industries—hospitality, agriculture, janitorial services, construction, restaurants, domestic work, and so on. Identify human trafficking behavioral indicators with this checklist: "Human Trafficking Red Flags."

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PYMNTS

JUNE 3, 2019

The platform also aims to simplify compliance and help merchants meet the changing regulatory demands in the more than 200 markets in which it operates. ” Ready noted that starting Monday (June 3), the PayPal Commerce Platform will be available in France, Germany, Italy, Spain, the United Kingdom and the United States.

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PYMNTS

JANUARY 1, 2021

Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. The watchdog would be known as the Digital Markets Unit. Divestitures In The United States — And Abroad? .

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Regulation social media Course Apple 352

PYMNTS

APRIL 26, 2019

Tether is a stablecoin (in turn backed by United States dollars), and Bitfinex allegedly raided reserves to make payouts to consumers looking for redemptions. Various financial publications including The Wall Street Journal reported that the exchange dipped into reserves of Tether.

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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. . The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. A BNPL Primer. customers more than double to 6.5

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PYMNTS

JUNE 26, 2018

CashShield , an online fraud management solution for mid- to large-sized enterprises, announced Tuesday (June 26) it raised $20 million via a round of fundraising. Investors, too, see the value, and are supporting us in our fight against the online fraud boom.”

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PYMNTS

JULY 25, 2019

In the July Digital Banking Tracker , PYMNTS examines how banks are using tools like artificial intelligence (AI) and automation to both fight against fraud and better engage customers. The Tracker also examines how these technologies are beginning to be used in new markets like South Africa and India. Around the Digital Banking World.

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FICO

DECEMBER 19, 2018

Stopping by a farmers’ market to catch a slice of life? Will Fewer Cash Transactions Result in More Fraud? As a larger portion of cash-based transactions (no matter how small) are replaced with digital transactions, the number of opportunities for fraud will naturally increase. Use the city’s transit app.

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PYMNTS

MARCH 10, 2020

The border control market is one of the most affected by the growing popularity of digital ID solutions, particularly biometrics. This market is expected to be valued at $3.5 Developments From Around The World Of Digital ID. billion by 2025, with $1.6 billion of this total driven by biometric solutions.

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PYMNTS

MARCH 12, 2020

Schroeder said the increasing adoption of payroll cards, and their use — which has grown by nearly 9 percent in the United States between 2015 and 2019 — has come on the tailwinds of high economic growth and high employment. A tight labor market means employers must be cognizant of what their workers want.

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PYMNTS

JANUARY 12, 2018

Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 As has been noted by the firm and in this space , in the two years since EMV chip cards launched in the United States, fraud has declined by 66 percent. million U.S.

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PYMNTS

NOVEMBER 3, 2017

2) that missed expectations as the firm grappled with some softness in its United States markets and some international corridors. MoneyGram reported third-quarter results on Thursday (Nov. The total top line came in at $397.8 million, which was $20 million below Wall Street. The culprit was softness in the U.S.

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United States Compliance Fraud Trends 100

CFPB Monitor

JULY 14, 2022

Protection of consumers, investors, and businesses in the United States; b. Protection of United States and global financial stability and the mitigation of systemic risk; c. General risks in digital assets financial markets, including market transparency.

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PYMNTS

JANUARY 28, 2020

New technologies are being developed to continue this market growth. Synthetic identity fraud — which uses cobbled-together, fictitious identities, rather than stolen ones belonging to real people — was recently employed to steal more than $200,000 from Notre Dame Federal Credit Union. million members in 2009 to 119.6 million in 2019.

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Abrigo

JUNE 23, 2020

We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success. Over 2,000 financial institutions are hosted in the ADC, which is independently owned by Abrigo and housed in the United States. Fraud Prevention. Fraud Trends. Learn More.

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PYMNTS

FEBRUARY 16, 2018

Marking the first prosecution in Chicago of theft in the cryptocurrency industry, a trader with a financial firm was charged with fraud. Joseph Kim allegedly misappropriated $2 million in bitcoin and litecoin, the United States Department of Justice said in a press release. sentencing guidelines.”.

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PYMNTS

JUNE 13, 2019

Experiencing such gains comes with risks, however, as digital IDs have presented new and underexplored avenues for fraud. billion digital records in the United States were compromised during the first half of 2018 – 291 records every second – with only six social media breaches accounting for more than half of all at-risk data.

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PYMNTS

DECEMBER 3, 2019

However, the filing does not include any evidence regarding the allegations, which accuses TikTok of privacy and data fraud, and unfair competition violations. But the reality is that the TikTok app does not operate in China, and we have been further building out and empowering teams in the markets where it does operate.”.

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PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms. Synchrony Financial Upgrades Its AML Strategy As Fraud Grows.

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PYMNTS

FEBRUARY 28, 2019

That brings Adyen’s total valuation to $22 billion — roughly on par with its Silicon Valley counterpart and latter-day rival, Stripe , which was valued at $20 billion as of its last fundraising — as the business expands into the United States. By the numbers, the firm posted net revenue of €192.5

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Tech and Finance

DECEMBER 30, 2018

Cyber security pros and risk analysts should be better than the average person at detecting fraud, but a little over three percent submitted their personal identification information to sign up for an app described as “Shazam for voice identification.”. million fraud complaints in the United States last year.

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PYMNTS

DECEMBER 27, 2019

Amazon applied for a patent for a software system that can identify individuals through unique biometric qualities and characteristics associated with the palms of their hands, according to the United States Patent and Trademark Office. Mastercard: Holiday eCommerce Nearly 15 Pct Of Retail Sales. percent from last year.

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Retail Payments blockchain United States 130

PYMNTS

DECEMBER 20, 2019

In September, the search giant was fined almost 1 million euros to authorities in the country to take care of a probe regarding fiscal fraud. Antitrust enforcers are now probing how Google competes in the eCommerce comparison market as the overall investigations continue. This isn’t the first time that Google has paid a fine in France.

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Google Comparison United States Regulation 131

PYMNTS

JANUARY 9, 2019

The bank is currently embroiled in several investigations from Great Britain to the United States to Denmark and Estonia. The lawsuit said that the market value of Danske’s American depositary receipts (ADRs) dropped by $2.54 Danske says it’s cooperating. billion when investors became aware of the breadth of the scandal.

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PYMNTS

JUNE 30, 2020

Ireland was the country with the lowest encounter rate, followed by the United States and Japan. In other news, authorities in Spain have taken 33 individuals into custody who allegedly marketed illicit pharmaceuticals via the web and laundered at least some of their $3.37 million profit in crypto, Coindesk reported.

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Bitcoin United States cryptocurrency Mobile 200

PYMNTS

DECEMBER 20, 2017

What do track and field stars, NASCAR drivers and millions of businesses owners around the United States have in common? Real-time payments enables PNC to bring a new, leading-edge solution to market as the economy becomes increasingly digital,” Ward said. They all have an appreciation for speed.

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Payments United States Digital Banking Fraud 209

PYMNTS

SEPTEMBER 17, 2020

Countries with the most sizable count of BTMs are developed nations like Britain, Canada and the United States. But they have grown in popularity in markets that are not stable. The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018.

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PYMNTS

JUNE 14, 2019

Coverage includes Visa’s new B2B push, new trackers and research on fraud and digital ID, Uber financial services and Mastercard’s biometric vision. Visa Launches Visa B2B Connect In 30+ Markets. It was a solution that laid in the cross-section of many separate but connected problems in the Mexican market and beyond.

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