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

PYMNTS

AUGUST 3, 2017

The August Faster Payments Tracker™ , powered by NACHA , highlights notable news and developments from across the faster payments landscape, including coverage of the long-awaited release of the Federal Reserve’s Faster Payments Task Force report on how to improve the U.S. Community banks meet the millennial generation.

Community Bank 117

Community Bank Community Report Millennials 117

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 Trackers and Reports.

Millennials 101

Millennials Colorado Google Leadership 101

PYMNTS

SEPTEMBER 7, 2018

There also is the specter of payments fraud. In a recent report via Lloyd’s Bank, trends point toward growth in what is known as impersonation fraud, perhaps more commonly known as business email compromise. It’s on the rise, this fraud, up 58 percent year over year, said Lloyd’s. Want insight into another type of fraud?

Fraud 101

Fraud Payments Survey Arizona 101

PYMNTS

OCTOBER 15, 2018

Recent reports indicate an uptick in fraudsters targeting large FIs, and headlines surrounding security breaches and cyberattacks fill the news on a near-daily basis. Both solutions provide increased fraud protection to online transactions made via debit or credit cards. Improving customer experiences was not the sole focus of 3DS 2.0’s

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

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.

Millennials 138

Millennials Fraud Taxes Report 138

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. The Federal Trade Commission (FTC) reports that U.S. Federal regulators in the U.S.,

Fraud 156

Fraud Millennials Regulation Trends 156

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

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. These are among the key conclusions of Delivering Cardholder Customer Service Report , a collaboration with Elan , for which PYMNTS surveyed of 2,078 U.S.

Cards 216

Cards Data Millennials Report 216

PYMNTS

SEPTEMBER 19, 2016

Usually, question marks in headlines are a way to capture audience interest; last week, they were more a sign of genuine uncertainty on the part of the people reporting the news. For example, what happens to the CEO of a big bank that gets caught red-handed engaging in consumer fraud? EMV’s Win — Against Cloned-Card Fraud.

Millennials 100

Millennials Cards Fraud Online 100

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

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. get the REPORT on next generation investors. Download the free report to find out how fintech is shaping the future of wealth management and investing.

Millennials 77

Millennials Mobile Lending Cards 77

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. New Report: How Consumers Use Connected Devices to Shop and Pay. Trackers and Reports.

Fraud 108

Fraud Payments Bitcoin Lending 108

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

PYMNTS

JUNE 21, 2017

Whether it’s in-app tools that offer advice on monthly spending, new services to help parents teach their kids about money management or a publicity campaign aimed at raising public awareness of the threats posed by cyber fraud, the financial sector is making consumer education a priority. In the U.K., consumers billions of pounds each year.

Report 131

Report Digital Banking Millennials Fraud 131

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.

Fraud 101

Fraud Millennials Resources Tools 101

PYMNTS

FEBRUARY 27, 2018

As more millennials enter the workforce, passwords are going out the door. A recent study found that three-quarters of millennials report preferring the use of biometric solutions to log into device applications, while older generations still prefer using complex passwords for authentication. News From the Digital ID Space.

Security 110

Security Report National Millennials 110

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

Survey 52

Survey Fraud Digital Banking social media 52

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. . As reported by Reuters , Australia-based Afterpay said it saw active U.S. A BNPL Primer. BNPL saw significant growth in the U.S. during the pandemic. customers more than double to 6.5

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

DECEMBER 6, 2019

The Next-Gen Payments Report, a PYMNTS and American Express collaboration, examines how businesses are redesigning their AP and payroll to serve gig workers’ needs and stay current with a changing economy. Deep Dive: Redesigning Corporate Payments For Gen Z And Millennial Consumers. About the Report .

Tools 186

Tools Payments Millennials Strategy 186

Jeff For Banks

APRIL 4, 2024

And will their ALCO reports accurately predict what will happen? Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

PYMNTS

JANUARY 26, 2021

Market watchers have already begun listing additional features they want to see by the end of the year, according to reports. The connected consumer has moved beyond just talking to a voice-activated AI through a smart speaker or asking Alexa for a weather report. percent report making purchases while working from home.

Millennials 175

Millennials Data Trends Security 175

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. Some notable findings included in the report: The research found 59.9 Among Gen Z members, 50.4 percent reportedly willing to do so.

Innovation 134

Innovation Millennials Digital Banking Mobile 134

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.

Millennials 45

Millennials social media Video Tools 45

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. Tracker and Reports. Priceline Uses AI To Help Fight Fraud. Millennials Make Big Push For B2B Personalization. PNC Blocks Venmo, Tells Users To Switch To Zelle.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

FEBRUARY 14, 2020

Wells Fargo CEO Charles Scharf wants to get rid of any inkling of scandal by overhauling the firm’s reporting lines, revamping its three divisions into five. What is necessary, Xie said, is a different, more holistic paradigm for combating fraud — with a wide aim of not adding more authentication steps. Trackers and Reports.

Retail 141

Retail Cards Millennials Fraud 141

PYMNTS

JULY 31, 2017

In fact, the federally backed National Credit Union Administration (NCUA) reported credit union membership grew by 4.3 million in Q2 of this year alone, with the value of loans held by credit unions now almost at $885 billion. Some of these partnerships were specifically aimed at helping SMBs.

Report 114

Report Innovation Regulation National 114

FICO

DECEMBER 19, 2018

In May Recode reported , “By the end of this year, a quarter of U.S. Capital One’s survey of consumer spending habits found that while a full third of women report they never or rarely carry cash, less than a quarter of men (22 percent) say the same. Will Fewer Cash Transactions Result in More Fraud?

Fraud 80

Fraud Payments Mobile Cards 80

PYMNTS

OCTOBER 21, 2018

CNBC reported that the campus in Palo Alto, California will be home to more than 1,000 employees. JPMorgan Chief Executive Jamie Dimon views technology as a way to keep back the competition from FinTech startups that are luring over millennial customers in droves. Dimon famously called bitcoin, the leading cryptocurrency, a fraud.

Fintech 194

Fintech Fraud Millennials California 194

PYMNTS

SEPTEMBER 17, 2019

This is the premise of PYMNTS’ new report, Consumer-Centric Authentication Study: Transforming the Consumer’s Digital Banking Experience, with a focus on preferences for authentication controls when banking via mobile. Bridge millennials were the most likely to use an app to open a new account with a bank (23.8

Mobile 187

Mobile Millennials Study Digital Banking 187

PYMNTS

FEBRUARY 19, 2020

The B2B eCommerce Report , a PYMNTS and American Express collaboration, digs into the advantages of online business purchasing, as well as efforts to overcome the difficulties involved in designing and securing these shopping experiences. To find more on these and the rest of the latest headlines, download the Report. About The Report.

Mobile 197

Mobile Online Payments Tools 197

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. get the REPORT on next generation investors. Download the free report to find out how fintech is shaping the future of wealth management and investing. Fintech cos are trying to prevent fraud. GET THE 81-PAGE q1 2019 FINTECH TRENDS REPORT.

Millennials 73

Millennials Fintech Tools Fraud 73

FICO

MAY 1, 2020

And how will banks increase their fraud protections?”. Why P2P Payments Need Fraud Protection. The Wall Street Journal reports , “Neither Square nor Venmo parent PayPal Holdings Inc. Simply put, rising P2P payment volumes make traditional account types (checking accounts) vulnerable for increased fraud.

Fraud 69

Fraud How To Payments ATM 69

PYMNTS

JANUARY 14, 2021

Researchers found that shoppers’ mistrust led to 54 percent choosing one-time guest checkouts, while 37 percent said they are less likely to keep card information on file and 21 percent reported reluctance to purchase more products. Gaining Consumer Trust. consumers — 138 million — share location data with at least one app.

Analytics 170

Analytics Data Study Millennials 170

FICO

MAY 17, 2022

UK consumer fraud attitudes. 56 percent of UK respondents said they would switch banks if theirs was reported to be involved in such a scandal. You can read more about all the UK survey results in our Digital Consumer Banking and Fraud Survey – UK Results Ebook . Millennials are the least impressed.

eBook 52

eBook Survey Fraud Millennials 52

PYMNTS

AUGUST 23, 2019

Trending: Meeting The Millennial Need For AI-Powered Visual Shopping. AI-powered is becoming more and more common, and millennials expect companies to have at least a basic understanding of the technology when it comes to shopping. Regulatory Pushback Spooks Libra Backers. Adyen Gains Traction With Mid-Market Firms.

Marketing 116

Marketing Millennials Payments Compliance 116