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

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PYMNTS

JUNE 21, 2019

Fraud knows no boundaries. new reports from The New Yorker this week dove into how the current CFO of the National Rival Association (NRA) allegedly embezzled funds from his last company, employee benefits consulting firm the Wyatt Company. ” Similar predicaments of public image arise when a government falls victim to fraud. .

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PYMNTS

JANUARY 12, 2021

“Retailers are seeing more cases and higher losses as organized crime continues to target stores, warehouses and cargo,” Mark Mathews of the National Retail Federation ( NRF ), which recently released its 16th annual Organized Retail Crime study. Matas sees the current wave of U.S.

Retail 226

Retail Florida San Francisco Sacramento 226

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

JULY 3, 2018

As startups such as DadeSystems , FitPay and Jewel Paymentech expand across devices and functions, Tipalti , AvidXchange and Emailage announce new growth for their local, national and global footprints. Ahead of its global expansion, Tipalti conducted a study to find out. Here’s all the latest news from startup-land this month.

National 101

National Charlotte Regional Operations 101

PYMNTS

FEBRUARY 6, 2020

Wray was speaking at the Washington’s Center for Strategic and International Studies think tank, and he said the economic danger from China was “diverse and multilayered.”. “As Zhu Hua and Zhang Shilong were both accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

United States 151

United States US National Fraud 151

PYMNTS

MARCH 17, 2020

study by epidemiologists forecasts that the coronavirus will cripple the availability of intensive care hospital beds. The study — not yet published in a peer-reviewed journal — was released Monday (March 16) by London’s Imperial College COVID-19 Response Team. “We Compliance Week reported that U.S.

Company 130

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PYMNTS

SEPTEMBER 24, 2020

These types of payment flows made up 5 percent or more of the gross domestic product (GDP) for 66 countries in 2019, reaching as high as 20 percent of GDP in nations like Haiti and Nepal. . Another study found that the number of correspondent banking relationships in existence worldwide had dropped 22 percent from 2011 to 2019. .

Compliance 223

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PYMNTS

APRIL 25, 2016

Plus, the latest analysis on alternative lending demand, expense management fraud and the gap between what CFOs have for their companies and what they need. World First found a 75 percent increase in the volatility of the pound should the nation leave the European Union. companies, reports said. billion valuation for the U.K.

Fraud 100

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PYMNTS

MARCH 17, 2020

study by epidemiologists forecasts that the coronavirus will cripple the availability of intensive care hospital beds. The study — not yet published in a peer-reviewed journal — was released on Monday (March 16) by London’s Imperial College COVID-19 Response Team. “We

Study 130

Study Online Retail Fraud 130

PYMNTS

JANUARY 27, 2020

One general finding of that research report as it applies to the fast-growing space of subscription commerce comes down to this: For many companies, typical biometrics is no longer good enough to effectively fight fraud; more aggressive solutions are also using facial recognition technology that recognizes unique vein patterns in individuals.

Retail 264

Retail New York Dallas Trends 264

PYMNTS

FEBRUARY 27, 2018

These solutions could shift the way national security agencies in several countries operate, or force employers to change how they authenticate and identify their employees. Several nations around the world are reconsidering their approach to security and national identity systems. News From the Digital ID Space.

Security 110

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PYMNTS

AUGUST 30, 2019

Learn about new approaches to fighting fraud, debit cards for kids, the world that Netflix created and is now in danger of losing, and other topics. Visa: New Cyber Threats Require New Fraud Tools. The phenomenon of payments fraud is not a modern one — far from it. According to an early 2019 study from 70 percent of U.S.

Strategy 100

Strategy Fraud social media United States 100

PYMNTS

FEBRUARY 28, 2019

Platforms need to pay careful attention to fraud across dozens of markets, meaning the ability to detect and manage fraud will only become more crucial as the sharing economy grows. To read the Case Study, download the Playbook. Read these and the rest of the latest headlines in the Tracker. About the Playbook.

Payments 183

Payments User Experience Training Case Study 183

PYMNTS

DECEMBER 11, 2020

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. Online account openings increased by as much as 15 percent when social distancing mandates were implemented, and one study revealed that 73 percent of U.S.

Video 204

Video Security National Digital Banking 204

PYMNTS

OCTOBER 8, 2019

Plaintiffs say that the actions of iFinex was “part fraud, part pump-and-dump and part money-laundering.”. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland.

Bitcoin 181

Bitcoin Taxes cryptocurrency Innovation 181

PYMNTS

JULY 12, 2019

The world’s population is expanding and many citizens — particularly those in developing nations — have no means of proving their identities, restricting their access to vital services like education and healthcare. The government plans to adapt SingPass for smartphones this year by rolling out a new national digital identity (NDI).

Mobile 108

Mobile National Samsung Case Study 108

PYMNTS

JULY 14, 2017

Two-thirds of German hospitals have suffered cyberattacks, hospital directors and chief executives admitted in a recent Roland Berger study. Kenya, ranked third in the region, provides a good example of co-operation through its National Kenya Computer Incident Response Team Coordination Centre (National KECIRT/CC),” said ITU.

Operations 118

Operations Study social media Security 118

Gonzobanker

MAY 4, 2022

An institution’s required credit expertise will depend on its business/niches – for example, knowledge of national environmental lending will be unique from that of import/export letter of credit. that really can only be learned on the job. Unfortunately, peers and competitors don’t have a deep bench to abscond with.

Training 154

Training Survey System Data 154

PYMNTS

DECEMBER 24, 2020

The National Restaurant Association estimated that almost 100,000 eateries — roughly one in six restaurants nationwide — have shuttered either temporarily or permanently due to the health crisis losing $165 billion in revenue between March and July and on track to lose $240 billion by the end of this year.

Study 206

Study Industry United States Innovation 206

PYMNTS

AUGUST 27, 2019

While the PYMNTS study found loyalty programs are members’ most popular desire at 49.1 ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal. LA Financial is expected to keep its original name but operate as a division of Ventura County CU. billion in assets.

Data 122

Data Report Los Angeles California 122

PYMNTS

JUNE 4, 2020

There was already disparity in how patients were receiving funds from providers and the methods they wanted to use, with one pre-outbreak Ingo Money study noting that less than 10 percent of U.S. Thirty-six percent recently reported concerns about affording COVID-19 testing, for example, and a separate study found that 26 million U.S.

Study 130

Study Payments Tools Online 130

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

Fraud 195

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Abrigo

AUGUST 26, 2019

In response to the nation-wide opioid crisis that has led to unprecedented addiction and death, FinCEN has issued guidance to alert financial institutions to the financial schemes and typologies related to the trafficking of fentanyl and other synthetic opioids. Fraud Prevention. Contact us today. . Learn More. Learn More. Learn More.

United States 150

United States Training Bitcoin Case Study 150

PYMNTS

DECEMBER 24, 2019

Voice is the killer app of the connected commerce experience, according to the How We Will Pay: 2019 Edition study. 26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”.

Cards 160

Cards Payments Study Examples 160

PYMNTS

MAY 16, 2016

fleet managers consider fuel card fraud a major issue , found oil giant Shell in its first Fraud Matters report on the fleet card industry. Meanwhile, Software-as-a-Service vendors are likely to shift their focus to developing tools that are more easily integrated into fleet managers’ operations and into fuel card programs, too.

Fintech 108

Fintech Lending Fraud Cards 108

CFPB Monitor

MAY 13, 2019

The forum consisted of three panels: (1) Overview of the Small Business Financing Marketplace, (2) Case Study on Merchant Cash Advances, and (3) Consumer Protection Risks and the Path Ahead, along with the opening remarks of FTC Commissioner, Rohit Chopra, and closing remarks from FTC Bureau of Consumer Protection Director, Andrew Smith.

Case Study 68

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PYMNTS

JANUARY 21, 2019

That was the day that an advocacy group, Financial Innovation Now (FIN), submitted a public comment letter to the Fed in response to its proposal to create and operate a real-time payments system in the U.S. It flew in on Dec. 14, the Friday before the week before Christmas, so you might not have noticed. Here’s where the canary flew in.

Payments 194

Payments System Innovation Cards 194

NCR

AUGUST 18, 2017

A study by Business Insider Intelligence found that the most common reasons that financial services firms in the EMEA region are investing in blockchain is to create new business models or launch startups. Forecasts about medium-term cost savings of key operations are promising. Significant savings to be made.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

JANUARY 28, 2019

According to an investigation by Sixgill, $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. We’re studying the decision to determine our next steps,” a Google spokesman told the Wall Street Journal a week ago.

Video 128

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PYMNTS

MARCH 27, 2020

Among those surveyed for our most recent study, a strong majority – 60 percent – believe life will likely return to normal within the next three months. . We strongly support legislative efforts to ensure unreasonably excessive price increases are illegal during this and other national crises.”. .

New Jersey 130

New Jersey Survey Meeting Payments 130

Independent Banker

OCTOBER 1, 2022

According to a 2022 study by investment and intelligence company MAGNA, 74% of consumers say they highly value data privacy. The privacy of customers’ personal information is at the forefront of every community banker’s decisions, says Steven Estep, ICBA assistant vice president of operational risk.

Data 91

Data How To Community Bank California 91

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

MAY 22, 2020

Studies have shown that more than half of all banks recover less than 25 percent of related losses, and FIs have reported a 59 percent growth in fraud value and a 61 percent increase in fraud volume since 2015. The ongoing pandemic has exacerbated all fraud types from all sources, Gould added. Multistage Fraud Defense.

Fraud 185

Fraud System Security Training 185

FICO

JUNE 21, 2021

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge to reduce European card fraud. However, other nations did not fare as well. Source: FICO European Fraud Map. . UK Led European Fraud Reduction. UK Led European Fraud Reduction.

Fraud 52

Fraud Cards Study Data 52

Independent Banker

SEPTEMBER 21, 2015

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. Andrew Huffman, compliance officer of $319 million-asset First National Bank of Las Animas, in Las Animas, Colo., By Ed Avis. Compliance. Bank security.

Compliance 70

Compliance Community Bank Community Training 70

FICO

OCTOBER 7, 2022

Buy Now, Pay Later: BNPL Fraud and Regulatory Update. Buy now, pay later or BNPL financing is experiencing tremendous growth, but that growth can bring potential growing pains like fraud and regulatory scrutiny. As payments professionals well know, change creates opportunities for fraud. Meanwhile … BNPL Fraud Is on the Rise.

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