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

NOVEMBER 30, 2020

There are other benefits that the function could provide, however, including more robust fraud protection. How can banks better communicate the benefits of location sharing — and its vast potential to combat fraud — to customers who are on the fence? The report surveyed 2,141 U.S.

Fraud 171

Fraud Data social media Millennials 171

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

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

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. The group’s connected commerce behaviors are well-documented in the annual PYMNTS/Visa How We Will Pay 2019 study.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

JULY 24, 2019

They must protect both buyers and sellers against fraud, make sure payments are prompt and — most of all — ensure they are keeping the experiences unique, John Boris, CEO of experience marketplace IfOnly , told PYMNTS in a recent interview. And it’s not just millennials. People want to create memories derived from experiences.”.

Case Study 110

Case Study Study Mobile Millennials 110

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

MARCH 3, 2020

Even millennials , who heavily lean on remote banking, still visit physical bank locations for more complex functions, such as loan applications. A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-First Banking’s Advantages. million.

ATM 151

ATM Fraud Study Regional 151

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 Security 152

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

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

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

PYMNTS

JANUARY 18, 2017

According to a new study by Clearhead , more than 33 percent of the 144 North American eCommerce executives polled say they don’t employ personalization technology. The more information that’s asked of them, the less likely it is that [millennials] will finish the application,” Johnny Ayers, cofounder of Socure, told PYMNTS.

Retail 100

Retail Millennials Study Technology 100

CB Insights

JULY 25, 2019

Fintech is often associated with digital tools targeted at tech-savvy millennials. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . Fintech cos are trying to prevent fraud. Source: Deloitte.

Millennials 73

Millennials Fintech Tools Fraud 73

PYMNTS

JANUARY 9, 2020

Attendees will learn that younger generations – Generation Zers and millennials among them, who wield significant (and growing) spending power – care more about payment flexibility (and options) than merchants might realize.

Payments 151

Payments Case Study User Experience Millennials 151

PYMNTS

JANUARY 3, 2020

According to a study by Aite Group , most student loan tuition payments are made via electronic check (ACH), followed by debit cards, which are favored by millennials and Gen Yers everywhere. The writing is on the whiteboard: School’s out for paper payments. Tuition Goes to Grad School. Getting to Class On Time.

Payments 130

Payments Millennials Cards Study 130

PYMNTS

OCTOBER 30, 2019

Also, a study by Adobe Analytics found that the upcoming holiday shopping season is expected to break records in online spending. A study by Adobe Analytics found that the upcoming holiday shopping season is expected to break records in online spending. The study tracked transactions for 80 of the top 100 U.S.

Analytics 101

Analytics Study Payments Fintech 101

PYMNTS

OCTOBER 23, 2018

As well, digital billing can help reduce healthcare fraud and errors in the $3.5 Sending a paper statement to a millennial or leaving a voicemail is about as useless as a hamburger driving a vehicle,” Max Tselevich, CEO of The Doctor, a medical services management company, recently told a healthcare reporter. Digital Challenges.

blockchain 173

blockchain Study Case Study Fraud 173

PYMNTS

SEPTEMBER 30, 2019

The latest Payments and the Platform Economy study examines how marketplaces are responding to the counterfeit threat as well as how they are continuing to innovate the customer experience. trillion by 2020, which has prompted some online marketplaces to work on resolving fraud repercussions. Counterfeit fraud dollars for all U.S.

Online 101

Online Fraud Branding social media 101

PYMNTS

JANUARY 24, 2020

Twenty-four percent of consumers currently receive these payments through instant rails, according to a recent PYMNTS study , which also found that 51 percent of consumers want to receive their payments via instant processes. Fraud Issues Stemming From Paper Check Use. Check fraud affected 70 percent of U.S.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

DECEMBER 3, 2019

Consumers today trust their own ability to detect account fraud more than they trust their banks’ ability. Sure, he continued, artificial intelligence (AI) holds the promise of bringing much better fraud protections to financial services and banking accounts, but the technology is not exactly there yet. “AI That’s not all.

Mobile 137

Mobile social media Millennials Exercises 137

PYMNTS

SEPTEMBER 8, 2020

Gauthier said studies show that consumers have what’s called a “decision-making budget” — how much energy they can put toward making decisions — but COVID-19 is pushing that to the limit. “We The Amazon Pay button means: ‘You are protected against fraud and malfeasance, just like you are on Amazon,’” Gauthier said. “We

Innovation 223

Innovation Retail Millennials Tools 223

ForwardBanker

OCTOBER 1, 2017

Fraud continues to grow, and consumers know it. In fact, they’re downright afraid of the prospect of fraud and identity theft. When fraud occurs, bank customers want to know who’s responsible. The post Rebuilding Bank Customer Trust After Fraud: Resolution is as Important as Prevention appeared first on Deluxe FI.

Fraud 33

Fraud Study Millennials Security 33

PYMNTS

MARCH 30, 2020

Debit networks need to ensure that customers feel safe using the payment method, and that means imposing robust security measures and quickly cracking down on any instances of fraud that do slip through. The March Next-Gen Debt Tracker ® examines how debit cards are advancing into new areas to serve cryptocurrency holders and even children.

Cards 165

Cards Security cryptocurrency Payments 165

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

PYMNTS

SEPTEMBER 20, 2019

Such authentication checks must be quick as customers, especially millennials and members of Gen Z, have come to expect seamless transactions and fast delivery. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally. Authentication and the Global Economy.

Online 118

Online Millennials Community Fraud 118

PYMNTS

MARCH 15, 2018

Boomers vs. Millennials vs. Scammers . Grandma does get taken in by scammers, but, statistically, she does so less often than her millennial grandchildren do. The study also reported those aged 80 and over lost more than double the amounts that millennial victims lost — $1,092 compared to $400 for those aged 20 to 29.

Payments 108

Payments Millennials US Fraud 108

PYMNTS

DECEMBER 28, 2018

Looking at the results of the CUs recently commissioned Eye on Payments study, consumers expect more heading into 2019, and meeting those expectations will be about more than advanced technology alone. Moreover, Lynch told PYMNTS, the fraud is coming across on all channels. So, they are just as covered by fraud liability.

Fraud 131

Fraud Mobile Security Cards 131

PYMNTS

NOVEMBER 28, 2016

TransUnion’s survey also highlighted another interesting trend when it comes to holiday hacks: Millennials remain a prime target for hackers. The study revealed that 71 percent of consumers hacked from online shopping were actually hit during the months of November and December when holiday shopping is typically in full swing.

Millennials 100

Millennials Security Online Survey 100

William Mills

FEBRUARY 22, 2018

According to results from the 2017 NTT DATA Services study on mobile banking, consumers are using their mobile devices for banking services 40% more than they were three years ago. Bankers as Buyers provides insight for institutions looking to fill these gaps by adding more millennials to their staffs. Future Innovations.

Millennials 40

Millennials Digital Strategies Fraud Mobile 40

PYMNTS

FEBRUARY 3, 2017

And per the same study, more than 80 percent of consumers across all demographics want companies to protect their sensitive data and even destroy it upon request, all to avoid having it fall into the wrong hands. That’s something that has the ability to spot fraud with unusual activities or spending patterns.”.

Payments 100

Payments Mobile Apple Study 100

PYMNTS

JUNE 26, 2020

Approximately 49 percent of consumers do not trust open banking systems to keep their personal data safe, according to a study , with 54 percent expressing concern that their data will be exploited by bad actors. Countering a Lack of Trust in Open Banking.

System 198

System Data Security Examples 198

PYMNTS

OCTOBER 9, 2019

Cash on delivery is king in our region, but with additional security features like two-factor authentication, 3D secure to prevent fraud on credit cards, more people are building trust with using their cards and paying online,” he said. UReed offers that payment method, along with PayPal, Payoneer and direct bank transfers.

Regional 122

Regional Trends Cards Millennials 122

Cisco

MAY 25, 2021

Studies, like those from Deloitte, have shown when employees are forced to work from home continuously, many of them feel unintended consequences including isolation, feeling of being disconnected from the company, distraction, and lack of focus, among others.

Strategy 71

Strategy Mobile Study System 71

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. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

JANUARY 1, 2019

When PYMNTS and Visa spoke to 2,800 consumers for the 2018 edition of the How We Will Pay study, working consumers were among the groups keenest to be paid faster. Progress Points.

Payments 198

Payments Industry Millennials Groups 198

PYMNTS

DECEMBER 24, 2019

Voice is the killer app of the connected commerce experience, according to the How We Will Pay: 2019 Edition study. The How We Will Pay study found that bridge millennials — a highly educated consumer segment that tends to earn relatively high incomes — own an average of six connected devices. 1: Voice — And Now, With Emotion.

Cards 160

Cards Payments Study Examples 160