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How You Handle Fraud Will Make Millennials Drop or Love You

FICO

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.

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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

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.

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Deep Dive: Digital-First Banking’s Challenges And Benefits

PYMNTS

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud.

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The Impact of Mobile Card Apps On FI Customer Retention

PYMNTS

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. In fact, the majority of 2020’s new accounts have gone to megabanks and digital banks, not to community institutions.

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How The MENA Gig Economy Provides Global Lessons

PYMNTS

The company matches freelance writers and translators — he described UReed as a one-stop-shop for linguistic needs — and has a focus on the Middle Eastern and North Africa region (MENA). The reliance on cash in many of the markets served by UReed, Alhassan said. Indeed, cash-on-delivery remains a popular option for digital consumers.

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Thought starter: Top challenges accountants face and actionable ideas to solve them

Abrigo

His comments are not only applicable to his geographic region, but for sole props and firms across the country. In the wake of several widely publicized fraud scandals over the last dozen or more years, such as Enron and Lehman Brothers, regulation of the accounting industry has come to the forefront of the public’s attention.

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 PSCU Looks At The (Strong) State Of The CU As 2020 Beckons

PYMNTS

CUs are no longer confined to operating primarily as regional players, moving beyond the confines of original charters that had limited them to, say, specific communities or employers. The Millennial Challenge. There’s a younger generation in the U.S. And one credit union experiencing a cyber hit is always a huge concern.