PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it.

Fraud 245

Fraud How To Analysis Strategy 245

PYMNTS

NOVEMBER 12, 2019

To catch payments fraud, man and machine must work together. To that end, PSCU said last month that it has chosen NICE Actimize to modernize disputes management with the latter’s ActOne Extend — billed as an automated, artificial intelligence (AI)-powered investigations and case management platform.

Fraud 145

Fraud Payments Management Data 145

PYMNTS

JULY 3, 2017

Even in the quiet seasons, the online travel market is susceptible to the trade winds, and they don’t always blow in agents’ favor. But what hurts a business (especially a small one) more than an October snowstorm is when online fraudsters use CNP transactions to steal their services. The Rise of CNP Fraud.

Online 112

Online Payments Fraud Cards 112

PYMNTS

APRIL 20, 2017

Payments and risk management solutions provider Verifi, which specializes in serving CNP merchants, just recently announced the launch of a new platform that aims to improve efficiency and cut down on unnecessary chargebacks and fraudulent claims.

Fraud 108

Fraud Risk Management Customer Experience Management 108

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. Unfortunately, this current environment presents some of those opportunities.”.

Fraud 208

Fraud Examples Data Tools 208

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+. By Katie Kuehner-Hebert. Rehman Khan, Travelers.

Fraud 133

Fraud social media Millennials Examples 133

Jeff For Banks

APRIL 16, 2011

I attended an industry presentation on ERM this past week put on by RSM McGladrey. So often I hear commentary on ERM by advocates that think it is the next best thing to, say, online banking. But managing risk across organizational silos is highly fragmented in FIs. But not all risks are equal. Well, no it isn''t.

Risk Management 79

Risk Management Management Fraud Resources 79

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Fraud 70

Fraud Data Cyber Security Risk Management 70

FICO

JUNE 14, 2021

Invitations to buy even the smallest items on an installment plan seem to be everywhere online, and in-store, too: called “buy now, pay later” or BNPL loans, these offers let consumers buy what they want, now, and pay for it over time in four equal payments. BNPL: Even the smallest purchases can now be broken into bite-size chunks. .

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

JUNE 4, 2020

Financial institutions (FIs) are working during the pandemic to provide speedy digital services while fighting off the rise in fraud attempts. FIs have long provided digital services, but many have designed these experiences for the customer demographics that most prefer online and mobile channels. Around The AML/KYC Landscape.

Report 158

Report Fraud Security Fintech 158

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

Fraud 100

Fraud Security Retail Mobile 100

Abrigo

MAY 10, 2021

While a financial institution often primarily focuses on securing software to originate business loans, a commercial LOS provides scalability when it offers integrated solutions on one platform to manage all stages of the life of the loan. Fraud Prevention. Lending & Credit Risk. Portfolio Risk & CECL. Learn More.

System 195

System Lending Analysis Software 195

PYMNTS

APRIL 30, 2019

PSD2 will change – indeed is changing – online commerce in Europe and beyond. Some verticals, such as online travel companies, will be impacted more visibly, and perhaps earlier, than other niches, he said. According to Eleveld, the supposition is that, at least for online travel customers, they will pay less. a fingerprint).

Fraud 171

Fraud Online Cards Payments 171

Abrigo

MARCH 24, 2023

Step two Identify inherent risk vs. residual risk Inherent risk is any activity or factor posed to the credit union, notwithstanding applying any management or risk mitigation tools. This example is a situation with a "high" inherent risk and "strong" mitigating controls.

Fraud 195

Fraud Compliance Examples Analysis 195

PYMNTS

MARCH 22, 2018

Retailers must be mindful that omnichannel conduits offer more ways for hackers to commit fraud unless point-of-sale systems, web and mobile are all interconnected, Trueblood said. Consider the fraudster who buys something but picks it up in-store, moving beyond the confines of card-not-present fraud.

Retail 100

Retail Data Fraud Risk Management 100

PYMNTS

JULY 25, 2018

The court’s decision allows individual states to open online gambling to residents. The subsequent legalization of sports betting in states like New Jersey promises to be a game changer for the companies that help gamblers lay their money down online. Russell Medley, director of risk management and fraud for gaming website 888.com

Online 100

Online Regulation Fraud New Jersey 100

Abrigo

DECEMBER 7, 2021

Inherent risk is any activity or factor posed to the financial institution, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk.

How To 195

How To Fraud Analysis Compliance 195

South State Correspondent

MAY 9, 2022

We all say the customer comes first, but our actions around innovation often put cost, compliance, or our present way of doing business first. On a macro-level, it’s about managing your channels and your customer segments. It is true that digital account opening, for example, comes with a set of risks.

Technology 195

Technology Customer Experience Data Training 195

PYMNTS

SEPTEMBER 9, 2019

Settling the tens of thousands of claims and paying out those funds to all the consumers and businesses who need them will present a series of operational challenges over the next several weeks and even months, Ingo Money EVP and CPO Lisa McFarland told PYMNTS in a recent conversation. But even in less dramatic instances, the issues are real.

Payments 171

Payments Industry Cards United States 171

PYMNTS

NOVEMBER 2, 2018

That is, a system that is as transparent as it is dynamic so that merchant expectations are always well-attuned to how their businesses will be managed on that platform, based on their business performance, and so that fraud can be spotted and responded to in real time. . Risk And User Experience. The Post-Onboarding Future.

Payments 162

Payments Data Software Fraud 162

FICO

SEPTEMBER 18, 2020

For the second year running, FICO has been named as category leader in the recently published Chartis ‘Cyber Risk Quantification Solutions 2020: Market Update and Vendor Landscape’ report. As the report shows, the market for Cyber Risk Quantification Solutions (CRQ) continues to show rapid growth.

Cyber Security 52

Cyber Security Risk Management Analytics Data 52

FICO

FEBRUARY 17, 2023

From the rapid and sudden shift to online and mobile banking, to exploring artificial intelligence (AI) and hyper-personalization , the finance world is changing quickly. Imagine attending a meeting at a hotel with valet-only parking, when a presentation runs late and you need to get to your next meeting. TJ holds a B.S.

South Carolina 52

South Carolina Fraud Management Payments 52

PYMNTS

OCTOBER 1, 2018

The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. The SEC Finding. LCA and Laplanche, along with former CFO Dolan, were also charged with improperly adjusting fund returns. said U.S.

Lending 135

Lending Fraud Management San Francisco 135

PYMNTS

JULY 5, 2017

Fraud is like gluten. Most organizations have resigned themselves to the fact that, despite their defenses, fraud is just a part of doing business. But fraud costs an average of 7.5 But alongside all of that opportunity comes risk of fraud.”. It’s in almost everything, and it often goes completely unnoticed.

Fraud 161

Fraud Survey Retail Resources 161

Gonzobanker

NOVEMBER 17, 2016

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. RegTech companies like NICE Actimize and Trulioo provide cloud-based platforms intended to simplify and standardize compliance processes through automated mapping of regulatory risks.

Payments 60

Payments Las Vegas Risk Management Cyber Security 60

Gonzobanker

DECEMBER 14, 2023

You are all aware we have detailed, sophisticated rules and methodologies we use to present these coveted awards – or, well, maybe we don’t. Paul wrote the “ Online Banking for Dummies ” book in the late ’80s. The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors.

Fintech 195

Fintech Community Regional Technology 195

FICO

MARCH 31, 2016

A panel of experts will discuss how an institution’s stress testing activities should go beyond just meeting regulatory compliance requirements and help to drive business planning and risk management policies. Model management continues to present financial institutions with new compliance obstacles.

Compliance 40

Compliance DC Washington Regulation 40

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. In December of 2017, Even went live and online for 1.4 A few days later, PayPal announced plans to purchase fraud prevention and risk management platform Simility.

Branding 100

Branding Cards Fraud Marketing 100

PYMNTS

AUGUST 30, 2018

Byrne conceded that there is a risk, but noted that 94 or 95 percent of the transactions they process are card present transactions, which carry very low risk in a chip-and-pin environment. “It Essentially, risk can be priced into their service – and as a management model, they’ve seen no problems so far. .

ATM 105

ATM Cards Payments Case Study 105

Independent Banker

NOVEMBER 25, 2015

See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.). It also exposes banks to risk because they are left to bear fraud-related losses, including card-not-present transactions, card reissuance and the cost of security upgrades such as the chip/EMV card-security technology to the tune of billions every year.

Community Bank 70

Community Bank Community Analytics Lending 70

PYMNTS

DECEMBER 6, 2016

From behavioral biometrics to new selfie technology, financial institutions are being presented with even more ways to distribute their services across digital channels to meet customers where they want to interact. Just like when online came out and where we are with mobile today, I need to try to align these experiences for my customers.

Innovation 100

Innovation Mobile Digital Banking Technology 100

Gonzobanker

DECEMBER 20, 2019

Insights from this group are presented monthly and quarterly to the entire organization and quarterly to the board and dialed in systematically into new member experience projects. We salute CEO Frank Weidner, CIO David Mason and Strategic Insights Manager Mike Lindberg for taking this big strategic step. Might be time to.

Idaho 148

Idaho Conference Data Marketing 148

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

Gonzobanker

DECEMBER 22, 2014

And won’t address the biggest area of fraud growth, which is card-not-present. The downfall of Bitcoin did to online narcotic sales what the decline of online porn availability would do to the Internet in general. Risk Management. ??? Then … the conversation that we have to do something. Strategic Planning.

Los Angeles 101

Los Angeles Apple Risk Management California 101

William Mills

MAY 9, 2018

Presenters: Colby Ross. Presenter Profile: How they describe themselves: Project Finance was founded on the belief that good spending and saving behavior starts with being confident in your ability to meet future obligations. Presenter: Colby Ross (CEO & Co-Founder). Presenters: Sid Probstein. Founded: August 2017.

Security 40

Security Samsung Strategy San Jose 40

Fintech Labs Insights

DECEMBER 20, 2016

“(NuDetect) continuously verifies a user’s online identity based upon analyzing the user’s natural interactions,” Robert Capps, VP of Business Development of NuData, explained from the FinDEVr stage.

Security 12

Security Fraud Risk Management Technology 12

Gonzobanker

DECEMBER 22, 2015

Dan’s Money 20/20 presentation on this was first rate. To Facebook’s Jerry Canning , a solid digital panelist at the ABA conference who pointed to the need to engage in conversations online with the customer, “the new CMO.” Tie: Arguing with your co-presenter. Dan Schulman, CEO of PayPal. Not-Quite-Omni Channel Award.

Community Bank 60

Community Bank Apple Community Technology 60