PYMNTS

JANUARY 8, 2021

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. The acquisition of Kount will expand Equifax's differentiated data assets to bring global businesses the information and solutions they need to establish identity trust online.”.

Idaho 295

Idaho Fraud United States Customer Experience 295

PYMNTS

JULY 2, 2020

This can be a significant help for consumers who may be unable to make purchases during the pandemic unless they have cards for checking out online or digital wallets to use with any brick-and-mortar merchants who have stopped accepting cash. How FIs Adapt Fraud Detection During Times of Behavioral Upheaval.

Fraud 222

Fraud Cards Florida Trends 222

PYMNTS

JUNE 24, 2020

But this time around, consumers have had to pivot online to buy goods and services that no longer had been readily available in the age of social distancing. Against a backdrop where CNP transactions are up 80 percent, a success rate of only a few percentage points can yield a lucrative fraud scheme.

Fraud 262

Fraud Security Cards Course 262

PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Financial messaging services organization SWIFT has announced that its cross-border technology will be revamped to let financial institutions offer instant transactions. Helping QSRs Fight Food Fraud.

Fraud 141

Fraud Apple California Innovation 141

PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

Fraud 116

Fraud United States Regional Cards 116

PYMNTS

OCTOBER 8, 2020

one of the biggest payments processors in the world, one of the top 3 banks in Brazil, one of the big four banks in Australia, the largest national card processor in Europe, and several others),” according to the release. Feedzai has seen the increase in fraud and scams with the pandemic. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . With firms losing more than $5 million in stolen data tied to breaches, the true cost of online fraud is increasing. At 71 percent, as estimated by one secure payments processing firm, identity theft is the most common type of fraud.

Fraud 120

Fraud Retail Cards National 120

PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. The current policy is a non-policy.

Policies 116

Policies National cryptocurrency Bitcoin 116

Bobsguide

MARCH 20, 2017

Tom Harwood, Co-Founder and Chief Product Officer at Aeriandi discusses the use of voice biometrics within contact centre operations, how this can help combat fraud, and how the technology has wider potential for customer experience. Recent research from Get Safe Online and the National Fraud.

Fraud 95

Fraud Customer Experience National Operations 95

PYMNTS

OCTOBER 5, 2020

Money laundering is a pervasive threat, with the United Nations estimating that up to $2 trillion is laundered each year, equivalent to 5 percent of the global gross domestic product (GDP). Online commerce has surged in popularity as the pandemic has limited store traffic, with online marketplaces expected to generate $4.5

Online 141

Online Compliance Report Study 141

PYMNTS

DECEMBER 21, 2020

Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. and five other nations identified 100 million potentially fraudulent transactions between March 11 and April 28, for example. One recent report that surveyed consumers from the U.K., is projected to reach $794.5

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

SEPTEMBER 18, 2020

The Payments Innovation Alliance, a membership group that includes financial institutions (FIs) and payment providers, has released “ Voice Payments: An Introduction and Overview ,” designed to deliver information on conversational payments and enabling technologies, including voice assistants and smart speakers.

Payments 220

Payments Exercises Resources Fraud 220

PYMNTS

OCTOBER 14, 2019

Money laundering and similar forms of fraud have become more concerning for FIs as reports of cybercrime circulate globally. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime, and fraudsters undoubtedly hope to raise those amounts. financial regulations work.

Strategy 109

Strategy Fraud Innovation Regulation 109

PYMNTS

AUGUST 5, 2020

Tim Horton , head of global merchant security and fraud solutions at Fiserv , told a recent PYMNTS Masterclass that online purchases have more than doubled year on year in the general retail segment, while online grocery sales have surged by 250 percent. But put the same consumer online and the story is very different.

Security 267

Security Fraud Data Online 267

PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. Platforms that engage in the activity of a national securities exchange, regardless of whether that activity involves digital assets, tokens or coins, must register with the SEC or operate pursuant to an exemption.

Fraud 102

Fraud Bitcoin New York Regional 102

FICO

NOVEMBER 8, 2022

Strong Fraud Protection Could Draw More Customers - Survey. Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. In the UK, trade bodies have called for fraud levels to be considered a national security threat.

Fraud 52

Fraud Survey Security eBook 52

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

JUNE 16, 2019

A report from the Government Accountability Office ( GAO ) said several government departments still rely on the three major credit agencies — Equifax, Experian and TransUnion — to verify a person’s identity before they can access their services online. Agencies like the U.S.

Knowledge Base 108

Knowledge Base Online United States Fraud 108

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

Fraud 158

Fraud blockchain System Cards 158

PYMNTS

NOVEMBER 16, 2016

‘Tis the season … to be very, very wary of phishing and other types of fraud. Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion.

Fraud 100

Fraud Retail Cleveland Ohio 100

PYMNTS

JANUARY 31, 2020

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bank client preferences have moved toward self-service technologies over branch visits in recent years because of ease of use and improved convenience. Super Bowl Countdown Brings New Online Gambling Action.

Cards 131

Cards Technology social media Meeting 131

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

Fraud 52

Fraud Groups Analytics Compliance 52

PYMNTS

SEPTEMBER 21, 2020

Much of those revamped efforts come, perhaps not surprisingly, through advanced technologies. It's the combination of these technologies that becomes powerful.". It's the combination of these technologies that becomes powerful.". percent of FIs believe AI is an effective tool for stopping fraud before it happens.

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Fraud Report System FDIC 347

PYMNTS

DECEMBER 21, 2020

The National Restaurant Association estimates that something like 100,000 eateries have closed either for now or forever, as health fears have struck at the heart of dining out. These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud.”. Fighting Emerging Schemes.

Mobile 151

Mobile Fraud Policies Study 151

PYMNTS

AUGUST 17, 2020

California lawmakers are moving quickly to create a financial watchdog agency as a new department of their state government, as the coronavirus pandemic accelerates financial crime across the nation. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

California 148

California Massachusetts Apple Fraud 148

FICO

SEPTEMBER 14, 2021

What does that mean for fraud professionals? Once I started looking around, I saw that Venmo is accepted at quite a few national retailers. A growing list of national restaurant chains are making PayPal an option, too, such as Chick-Fil-A, McDonald’s, Burger King, Taco Bell and, importantly, Panda Express. QR Codes and Fraud.

Fraud 52

Fraud Payments Mobile Data 52

FICO

NOVEMBER 21, 2018

While people in the US, UK and other nations celebrate Black Friday bargains, it’s a good time to remind customers to watch out for Black Friday fraud. People have two chances to make themselves vulnerable — when taking out cash at an ATM and when taking advantage of Cyber Monday, when card-not-present (CNP) fraud spikes.

Fraud 76

Fraud ATM Cards Online 76

PYMNTS

JUNE 2, 2017

Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. percent annually through 2020, to top $8.1

Fraud 109

Fraud Conference Online Samsung 109

PYMNTS

OCTOBER 6, 2020

The technology of SafetyPay lets those who don’t have cards and consumers who are worried about fraud take part in the digital marketplace through cash or bank transfer. According to the announcement, the platform paves the way for online retailers to reach a wider array of customers by taking alternative payment methods. "We

Payments 151

Payments America Fraud Online 151

PYMNTS

NOVEMBER 30, 2020

Plus, Emirates National Bank Dubai (Emirates NBD) has rolled out its businessONLINE omnichannel platform for small firms. Emirates National Bank Dubai (Emirates NBD), the online banking company, has launched its omnichannel platform for small companies called businessONLINE. CSI, Featurespace Team up to Fight Money Laundering.

National 148

National cryptocurrency Digital Banking Fraud 148

NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016. million in 2016.

Fraud 74

Fraud Digital Banking social media Security 74

NCR

JULY 28, 2017

The ongoing development of digital technology has created unprecedented choice and freedom for consumers in how they manage their financial affairs. Research has shown that fraud has become a bigger threat as consumers and businesses have moved more of their financial processes into the digital space. An escalating threat.

Fraud 74

Fraud Digital Banking Survey Security 74

FICO

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud.

Fraud 52

Fraud Groups Analytics Compliance 52

PYMNTS

OCTOBER 11, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies to launder approximately $2 trillion annually. Banks also need to match fraudsters’ technologies if they want to defend their platforms.

Strategy 123

Strategy Innovation Fraud Security 123

PYMNTS

JUNE 13, 2019

Digital identification technology continues to advance, bringing both benefits and drawbacks. It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. More than 4.5 The Drawbacks of Complex Security.

Security 129

Security blockchain San Francisco United States 129

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. Between $800 billion and $2 trillion USD is laundered each year, according to the United Nations Office on Drugs and Crime.

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Compliance Fraud Study Digital Banking 123

South State Correspondent

OCTOBER 28, 2022

Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Small Idea – It’s Our Kid’s Technology. It was a sobering thought to realize that we are all really building most of this technology for our kids. Complicated technology sucks, but mortality sucks more. Big Idea – Trends.

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Conference Technology Las Vegas Trends 195