PYMNTS

DECEMBER 16, 2020

Mobile ordering apps are largely responsible for keeping the industry above water, but fraud still plagues the sector. And while promising news regarding COVID-19 vaccines may have put the end of the pandemic in sight, the restaurant industry’s growing fraud concerns will not cease as abruptly.

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Fraud social media Mobile Trends 310

Payments Source

SEPTEMBER 17, 2020

Even before the COVID-19 pandemic forced retailers and consumers alike to consider the benefits of shopping via a mobile app, providers of shopping and loyalty apps were seeking partnerships with security vendors to deploy fraud prevention technology.

Retail 163

Retail Security Mobile Fraud 163

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Such security methods can be critical to preventing fraud that targets mobile users, of which one of the most prevalent types is SIM swap fraud.

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Fraud US Mobile Las Vegas 178

PYMNTS

NOVEMBER 19, 2020

The restaurant space has seen explosive growth in the number of mobile and digital orders customers have placed since the COVID-19 pandemic began. The technology is also credited with helping them meet diners’ demands for seamless purchasing experiences as well as enabling them to battle fraud. .

Boston 200

Boston Fraud Meeting Mobile 200

Abrigo

MARCH 30, 2023

P2P fraud can be difficult to detect Knowing how criminals avoid detection can help minimize losses at your financial institution. Takeaway 3 Stay informed on various trends and practices to prevent clients and peers from becoming victims of P2P fraud. This can be an indication of fraud. or digital currencies.

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Fraud Trends Payments Cards 195

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. Another study indicated that debit-related fraud is on the rise across the U.S. Around The Next-Gen Debit World. The report noted that U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

PYMNTS

JANUARY 23, 2020

The European Union’s long-anticipated 5th Anti-Money Laundering Directive (5AMLD), which modernizes security rules to reflect the needs and threats facing today’s economy, took effect in mid-January, and its impacts are already being felt across the payments space. Fiat-focused digital wallets must also boost their security.

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Fraud Security Regulation cryptocurrency 157

PYMNTS

AUGUST 19, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of QSR rewards programs and how credential stuffing and account takeovers are plaguing the industry. Rewards and loyalty programs also make attractive targets for fraud. Security Solutions. So, what are the downsides? Chipotle .

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Mobile Fraud Security Data 159

PYMNTS

JULY 1, 2019

Mobile order-ahead apps are growing more popular by the day, and restaurants are clamoring to get on board. A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs.

Fraud 167

Fraud Mobile Cards social media 167

PYMNTS

OCTOBER 8, 2020

Charles Twine, spokesman for the Criminal Investigation Department, said the hackers had gotten into the mobile money systems and stolen funds, according to Bloomberg. Mobile money is a big market in Africa for making payments. That has made it easy for fraudsters to implement their plans and steal peoples' money.

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Mobile Fraud Payments Groups 324

PYMNTS

MAY 20, 2020

False positives are the bane of fraud fighters everywhere, as they penalize legitimate customers due to the behavior of bad actors illicitly armed with credentials, card numbers and accounts. Sixty-two percent of QSR customers are concerned about fraud when interacting with QSR apps, according to a recent study.

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Fraud Mobile System Data 130

PYMNTS

MARCH 5, 2020

Telecom giant T-Mobile suffered a data breach that exposed the personal information of employees and customers to unknown hackers, according to reports. “We The company didn’t reveal how many people were affected, but it said financial information like credit cards and Social Security numbers were not affected. “We

Mobile 263

Mobile Data Fraud Security 263

PYMNTS

FEBRUARY 20, 2020

Consumers have somewhat of a fickle relationship with security when it comes to transactions. Most report that they want security, and they are sincere in their reporting. This isn’t so much of a security gap as a convenience gap. The Three Main Challenges .

Mobile 201

Mobile Fraud Security Customer Experience 201

PYMNTS

DECEMBER 18, 2020

Eateries are turning to online and mobile ordering as well as delivery to stay afloat, with online order volume from food chains spiking by 225 percent since the pandemic began. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud. The Fraud Threats Of 2020.

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Fraud Trends Security social media 229

PYMNTS

JANUARY 15, 2020

Fraud detection company DataVisor, which uses artificial intelligence (AI) to help find fraud activity and correct it, has released a new anti-fraud solution called dEdge, which can detect attacks and malicious operations in real time, according to a press release. .

Fraud 130

Fraud Security Data Mobile 130

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. Visa and Mastercard designed the 3DS protocols and provide them under the names Verified by Visa and Mastercard Secure Code. Mobile movements. s upgrades, however.

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

DECEMBER 29, 2020

While fraud affects less than 1 percent of all card purchases, consumers who do lose funds from their bank accounts must go through lengthy and often stressful processes to get their money back. Getting security right also means balancing customers’ security and privacy concerns. Read the full story in the Tracker.

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Fraud Cards Analysis Tools 303

PYMNTS

JULY 15, 2020

Another involves heightened fraud vectors swimming like sharks around digital-first first-timers. On the upside, however, is the return of restaurant dining, many cool new takes on it, and the ways that financial institutions (FIs) and FinTechs are partnering to make dining yummy and secure. Defending Trust.

Fraud 150

Fraud Mobile Customer Experience Online 150

PYMNTS

JANUARY 20, 2021

FIs must be prepared to support the pandemic-driven shift in consumers’ payment and spending behaviors while also keeping up with new security needs, Chris Tremont , executive vice president of virtual banking for Radius Bank , said in a recent PYMNTS interview. “As More Debit Payments, More Debit Fraud. is huge,” Tremont said.

Security 130

Security Cards Mobile Fraud 130

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. This popularity is not expected to decline once the virus wanes, with the number of online and mobile banking users expected to hit at least 3.6

Analytics 266

Analytics Fraud ATM Report 266

PYMNTS

DECEMBER 31, 2020

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

Fraud 273

Fraud Strategy Security Cards 273

PYMNTS

OCTOBER 1, 2020

The plastic card, by necessity, is giving way to digital cards, and mobile apps are bringing card-not-present transactions, increasingly, to mobile devices. She noted that mobile app use is up double-digit percentages as of April, when the pandemic shifted so much of everyday life online.

Mobile 266

Mobile Cards Security Fraud 266

PYMNTS

SEPTEMBER 22, 2020

QSRs that offer mobile order-ahead options as well as convenient online ordering methods are expanding their sales significantly through these digital channels during the pandemic. It also analyzes how focusing on the customer experience can help prevent such fraud in the first place. How Friendly Fraud Develops.

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Fraud Mobile Tools Study 255

Payments Dive

AUGUST 3, 2018

Host, Will Hernandez, discusses mobile fraud, how to combat it, and the recent trends to look out for, with Kount's VP of Marketing, Don Bush. Will also chats with Bradley Cooper, editor of Digital Signage Today and Blockchain Tech News, about the future of blockchain.

Trends 170

Trends Fraud Mobile Marketing 170

PYMNTS

NOVEMBER 17, 2020

Onboarding these customers can be a tedious challenge prone to fraud and consumer frustrations, and the industry faces the ever-looming threat of SIM swap fraud. Customers still face potential fraud threats once they are signed up, with SIM swap fraud being a particularly common foe.

Fraud 267

Fraud Company social media Cards 267

PYMNTS

AUGUST 11, 2020

Idaho-based Kount has released a new product aimed at preventing insurance fraud as the industry increasingly turns to digital, and even mobile, setups. Along with the security benefits, Kount’s product will also ensure “marketing campaign efficiency and conversion,” the company added. In a Tuesday (Aug.

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Fraud Industry Idaho Customer Experience 234

PYMNTS

NOVEMBER 18, 2020

It can also serve as a powerful tool in restaurants’ fight against fraud, which is becoming an increasingly prevalent issue as bad actors target the flood of customers using digital channels during the COVID-19 pandemic. Around The Mobile Order-Ahead World. to provide its dispute management solutions to the latter’s security platform.

Boston 186

Boston Fraud Marketing Mobile 186

Bank Innovation

APRIL 23, 2018

Financial institutions are increasingly moving to online and mobile channels to offer better and more cost-efficient experiences to their customers. Unfortunately, mobility has become a high-risk environment for data breaches, phishing attacks, malware, and social engineering tactics.

Mobile 199

Mobile Fraud Report Trends 199

PYMNTS

NOVEMBER 16, 2020

Fraud targeting digital banking users has been around as long as digital banking itself, but it has recently become more prevalent. The pandemic is exacerbating the problem, with a study finding that 22 percent of Americans were the targets of pandemic-related fraud attempts as of March. APP fraud is not a new occurrence.

Fraud 182

Fraud Security Strategy Digital Banking 182

Abrigo

AUGUST 22, 2022

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Check Fraud. Still the number one type of fraud in banking. There is also usually more than one signee assigned to those accounts, making them more susceptible to fraud.

Fraud 195

Fraud Trends Survey Technology 195

PYMNTS

AUGUST 27, 2020

Lightico, using a secure platform, can allow businesses to "collect forms, documents, eSignatures, photos and payments, consent to disclosures and verify identities instantly via text, even while the customer is on the phone," the post stated. It also uses Mitek's Mobile Fill for the same purpose.

Security 173

Security Fraud Mobile Company 173

PYMNTS

APRIL 15, 2020

While there is no shortage of new things in the world to get used to these days, cybercrime and fraud are, unfortunately, not among them. The good news, both Srinivasan and Awad told PYMNTS, is that while fraud attempts are up among U.S. consumers, fraud losses are not, yet. million pounds out of the unwitting. The New Normal.

Fraud 201

Fraud Risk Management Security Cards 201

PYMNTS

JULY 9, 2020

The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs. Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security. Around The FI Fraud Decisioning World.

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Fraud Report Tools Security 261

PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure. One study on six countries, including Canada, the U.K.

Fraud 208

Fraud Security Mobile Examples 208

Bank Innovation

JUNE 16, 2017

consumers (56%) feel that mobile payments increase the chance of fraud and theft, according to a study by YouGov released today. Checks, cash, and cards are on their way out, right? Not exactly. A majority of U.S. As a result, those customers prefer to use debit or credit cards (49%) or even cash and checks […].

Mobile 220

Mobile Security Payments Study 220

PYMNTS

OCTOBER 9, 2020

This includes upgrading digital security measures, but the resurgence of brick-and-mortar commerce has required upgraded technologies to accept contactless payments and mobile wallets. These include running scheduled checks on their platforms to detect fraud. Why Automated Tools Can Add Security To Online, CNP Transactions.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

JULY 29, 2020

Bank of America (BoA) has expanded its mobile wallet use to include corporate customers in the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, hoping to enhance clients’ experiences through faster and more secure business transactions, according to a press release. and Canada.

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Mobile America Security Cards 247