PYMNTS

NOVEMBER 8, 2019

It’s no easy task, as the recent Fraud Decisioning Playbook shows. Data: 1.4M: Number of fraud reports the FTC received in 2018. 400: Average amount lost by millennial consumers per fraud incident. 81%: Share of fraud victims who said they interacted with a “false ad” last year. .

Fraud 101

Fraud Millennials Data Report 101

The Paypers

AUGUST 23, 2023

Telesign , a provider of customer identity and engagement solutions, has released more data from its 2023 Telesign Trust Index , highlighting the dynamic of online fraud.

Fraud 36

Fraud Survey Millennials Online 36

PYMNTS

MARCH 16, 2017

During the childhood of many millennials, the online world was in its infancy stages. As such, TransUnion’s new research shows the millennial generation is much more cautious than other generations when it comes to payments security as a whole.

Millennials 108

Millennials Online Security Payments 108

PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

Millennials 100

Millennials Study Data Customer Experience 100

PYMNTS

DECEMBER 7, 2020

Given the importance of banking, the growing prevalence of online banking and the inherent confidentiality of banking-related personal data, he said he sees the failure to use geolocation — a common but high-value fraud deterrent — as inexplicable. In fact, Briggs noted that research shows that not only do customers expect it, they want it.

Fraud 232

Fraud Data Detroit Security 232

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 . A PYMNTS study on U.S. A PYMNTS study on U.S.

Fraud 148

Fraud Strategy Study Cards 148

PYMNTS

DECEMBER 11, 2020

Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit. Nearly 90 percent of millennials have credit cards, yet still seek new ways to finance their online purchases. In the How We Will Pay: Connected Commuters research brief, PYMNTS details how mobility is driving demand for connected-commerce experiences.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

NOVEMBER 4, 2019

In the company’s ongoing efforts to prevent fraud on its site, Amazon announced a new program, Intellectual Property Accelerator, last month to help sellers make sure their products won’t be copied or counterfeited. According to a new LexisNexis study , overall retail fraud attempts doubled year-over-year and tripled since 2017.

Fraud 124

Fraud Retail Online Study 124

Payments Source

SEPTEMBER 20, 2018

For businesses that serve a predominantly millennial audience, knowing the age group’s tolerance toward online security measures is an important lesson that coincides with customer retention, according to David Britton, vice president of industry solutions of global fraud and identity at Experian.

Fraud 104

Fraud Millennials Retail Security 104

PYMNTS

DECEMBER 6, 2019

We have a deep dive into Colorado’s digital driver’s license effort and news on Alphabet’s new CEO, as well as data on millennial Black Friday spending. Millennials Were Black Friday’s Big Spenders in 2019. Millennials were the big Black Friday spenders , shelling out an average of $509.50 Top News . operations.

Millennials 101

Millennials Colorado Google Leadership 101

Independent Banker

OCTOBER 1, 2022

Financial fraud and cyber attacks aren’t a one-age-fits-all scenario. Community banks can find ways to mitigate age-related fraud through technology, as well as by educating their customers of their particular risks. Reports about fraud losses: Millennials vs. people 40+. How to minimize age-related fraud.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. The changes also include enhanced fraud protections for merchants. As solution providers and other partners help in the fight against fraud, banks and other financial firms would be well-served to adopt 3DS 2.0

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

JANUARY 2, 2019

The vast majority of consumers are still feeling confident about their financial situation, and younger consumers in the bridge millennial demographic are aging into their prime spending years. 2,225: The amount bridge millennials spend on average each year on retail purchases.

Millennials 158

Millennials Fraud Maine Retail 158

FICO

JUNE 9, 2016

Millennials, now the largest demographic group in America, are possibly the most misunderstood, elusive market ever, a notion underscored by The Wall Street Journal ’s article about the existence of $20,000-per-hour “Millennial consultants.” Millennials reward positive fraud outcomes. At least not yet.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release. And tax fraud was the second most common type of identity theft reported by consumers.

Millennials 138

Millennials Fraud Taxes Report 138

Payments Source

AUGUST 29, 2019

Yet despite these limitations debit cards are beloved by millennials and anyone else who wants to avoid credit card debit. Debit cards often lack the rewards and spending power of credit cards, and thus do not figure prominently in TV ads or direct mail flyers.

Cards 136

Cards Millennials Fraud Mobile 136

PYMNTS

OCTOBER 1, 2019

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. Developments Around The Digital Fraud World. consumers lose more to romance-based fraud than any other type of scheme.

Fraud 156

Fraud Millennials Regulation Trends 156

PYMNTS

JUNE 15, 2016

When you talk to the co-founder and CEO of a mobile-first digital bank account offering, you are likely to hear that millennials, to put it lightly, are not fond of big banks. Whether it’s Chime or other apps, millennials are increasingly turning to their mobile devices to keep track of their financial health.

Millennials 100

Millennials Mobile Digital Banking Fintech 100

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. In the payments ecosystem, we need look no further than the bridge millennial to see how the connected purchasing experience will evolve over the next decade. Bank: Machine Learning Is Banks’ Best Bet Against Fraud. Fun, Cool and Otherwise Interesting.

Fraud 108

Fraud Payments Bitcoin Lending 108

The Paypers

SEPTEMBER 2, 2019

(The Paypers) Lloyds Bank data has revealed millennials are falling victim to scams involving handing money to fraudsters more than any other age group.

Millennials 34

Millennials Fraud Groups Data 34

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. Strategies and Tools for Fighting BNPL Fraud.

Fraud 52

Fraud Cards Millennials Utah 52

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.

Survey 52

Survey Fraud Digital Banking social media 52

PYMNTS

OCTOBER 30, 2019

Shoppers can quickly fall victim to eCommerce marketplace fraud, which led to bad actors to making off with a full $450 million in the U.S. This month’s Digital Fraud Tracker™ explores how technologies like artificial intelligence (AI) and machine learning are helping companies better defend their customers. About The Tracker.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

AUGUST 26, 2019

From a ride-hailing company expanding into Vietnam to Visa implementing new tools to fight fraud, today’s payments news runs the gamut. Kohl’s to Tap Into Facebook Data to Create Millennial Clothing Line. Kohl’s has teamed up with Facebook to create a curated clothing line aimed at capturing millennial dollars.

US 109

US Millennials cryptocurrency Fraud 109

PYMNTS

FEBRUARY 21, 2020

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. trillion by 2020, but new sales channels also invite emerging fraud forms. Detecting Fraudsters.

Customer Experience 152

Customer Experience Fraud Millennials Online 152

NCR

JUNE 29, 2016

And it has to do with the dreaded ‘m’ word: Millennials. When it comes to millennials, however, it’s very different. According to Gallup’s most recent report , barely 25% of all millennials feel an emotional attachment to a brand. This is a demographic that is absolutely vital, and maddeningly elusive. It’s always been that way.

Millennials 45

Millennials social media Video Tools 45

PYMNTS

OCTOBER 18, 2018

13 million to 17 million: Number of millennials forecast to purchase a home by 2022. 72 percent: Share of millennial consumers who rank homeownership as their top future priority. percent: Uptick in the cost of fraud for U.S. Data: 240 million: The number of invoices that run through Intuit’s QuickBooks platform annually.

Data 123

Data Millennials Taxes Fraud 123

PYMNTS

MAY 22, 2020

There is a growing list of things millennials have seemingly been blamed for rendering obsolete, such as cocktail napkins, casual dining and expensive engagement rings. Billing issues and payments is the most common reason, cited by 29 percent of cardholders, followed by fraud and data security, cited by 23.8

Cards 216

Cards Data Millennials Report 216

PYMNTS

DECEMBER 20, 2019

We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks. Priceline Uses AI To Help Fight Fraud. Combating fraud, however, comes at a cost, as burdensome security procedures may scare away legitimate customers.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

JUNE 29, 2016

As a result, fraud prevention and security must be — and is — a top concern for digital companies. According to recently released research from PYMNTS , fraud attacks are on the rise, up 215 percent year over year. We look at our users and we try to see, are you who you say you are, and are you going to commit fraud against us?

Fraud 100

Fraud Security User Experience Company 100

FICO

DECEMBER 19, 2018

There’s hard data that supports America going cashless; in April creditcards.com reported : Three in 10 Americans say they never or rarely carry cash anymore, according to new data from Capital One , with millennial women in the Southeast and Southwest being the least likely to have cash on hand. And my euro Ziploc now remains empty.

Fraud 80

Fraud Payments Mobile Cards 80

The Paypers

MARCH 8, 2016

(The Paypers) Over half of Canadians have fallen victim to financial fraud, and unaware millennials are the most likely targets, a recent study unveils.

Millennials 28

Millennials Fraud Study 28

Long Lasting Ideas

MAY 27, 2016

We’ve spent a good deal of time of late chatting about Millennials. No doubt, the discussions are justified given the growth of the Millennial population. Fraud Busters at Bank Marketing Strategy + Ideas. Robberies once committed at banks with ski masks and pistols have been replaced by cybercrime.

Fraud 49

Fraud Millennials Texas Marketing Strategies 49

PYMNTS

OCTOBER 2, 2019

In digital fraud news, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe as fraudsters become more aggressive. 3,248: Average amount millennial consumers lost per bank scam this past year. 31.3B: Estimated value of global card losses due to fraud in 2018. who use self-storage.

Mobile 108

Mobile Millennials Fraud Data 108

PYMNTS

APRIL 24, 2019

Though not the top priority for onboarding members, these features play an essential role in convincing Gen Z, millennials and Bridge Millennials to sign up with their current CUs. Bridge Millennials are more likely than any other generation to consider switching their primary FI, with 12.7 Among Gen Z members, 50.4

Innovation 134

Innovation Millennials Digital Banking Mobile 134

PYMNTS

AUGUST 3, 2017

Some of the strategies outlined in the Task Force report include allowing a market-first approach to governing the faster payments system, greater education efforts for the industry and more research to develop fraud detection systems. Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise.

Community Bank 117

Community Bank Community Report Millennials 117

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. Fintech cos are trying to prevent fraud. Fintech cos are trying to prevent fraud. A study published in the American Journal of Public Health found that more than 5% of the elderly population experiences some kind of fraud or scam every year.

Millennials 73

Millennials Fintech Tools Fraud 73