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

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). by TJ Horan.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5 million in 2007 to £52.5

Fraud 100

Fraud Payments Customer Experience Exercises 100

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. Consumer Protection.

Online 112

Online Payments Fraud Cards 112

PYMNTS

SEPTEMBER 15, 2020

“Making sure all the risks are covered from the perspective of an online merchant ensures there is risk diversification and makes sure that they are connected to several acquirers and banks,” explained Metodieva. Diversifying Risk. Merchants didn’t realize how important it was to have a backup.

Payments 299

Payments Risk Management Management Compliance 299

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. The pandemic has paved the way for fraudsters to try new avenues of attack, and is laying bare the limitations of the fraud prevention tools currently deployed.

Fraud 208

Fraud Examples Data Tools 208

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

PYMNTS

JULY 23, 2019

The Hyderabad center, PayPal’s third technology center in India, will focus on data science, risk management and machine learning to help businesses protect themselves from fraud. The company acquired the fraud prevention platform Simility in 2018, which offered merchants customized fraud tools.

Data 134

Data Fraud Risk Management Google 134

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

MARCH 14, 2016

Supplier risk mitigation is key for any B2B trade deal, especially as these transactions grow across borders into uncharted territory with unfamiliar business partners. Online B2B eCommerce site DHgate.com is looking to ease anxieties of international trade by launching a trust and safety department.

Risk Management 100

Risk Management Tools Fraud System 100

PYMNTS

NOVEMBER 10, 2020

bank connections are an ideal complement to Mazooma's ACH processing platform, risk management features and compliance protocols," he added. The new payments tool is now available for deposits and withdrawals on BetMGM's cashier. "Plaid's optimized user interface and U.S. About 75 percent of U.S. million in 2019.

Payments 137

Payments Georgia Atlanta Risk Management 137

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. Some players in the space are now suggesting that open banking could be a tool to help FIs accelerate the know your customer (KYC) processes. Around The AML/KYC Landscape. About The Tracker.

Report 158

Report Fraud Security Fintech 158

PYMNTS

OCTOBER 16, 2019

Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated. A majority of FIs plan to invest more in financial crime compliance than fraud risk management, though 43 percent reported no integration between fraud and financial risk compliance.

Compliance 123

Compliance Fraud Study Digital Banking 123

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

FICO

NOVEMBER 21, 2022

Financial Crime – Enterprise Fraud. Innovation – AI and Decision Management Platform (*New category win for FICO). FICO is honored to be recognized for excellence in risk management and compliance and would like to congratulate all the winners for their best-in-class contributions across the risk management space.

Report 52

Report Risk Management Compliance Analytics 52

PYMNTS

DECEMBER 8, 2020

Then of course, there was the fraud problem to contend with. It’s important to solve for risk management and the rails (and the fact, too, that multiple agencies have been involved, such as the Bureau of Fiscal Services). Edwards noted that many checks bounced, and fraud still is a problem.

Payments 183

Payments Fraud Taxes Tools 183

PYMNTS

JANUARY 3, 2019

Well, let’s start with the bad news first, even at the risk of robbing some of the joy and optimism that comes with the new year. As bad as one might think the risks of cybercrime are (fraud, hacking, data breaches , customer and revenue loss, lawsuits and fines), the reality is probably worse. Collaboration is also vital.

National 169

National Security Risk Management Fraud 169

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

PYMNTS

MARCH 10, 2020

Looking out at the evolution of real-time payments, Wilcox said that as P2P continues to drive usage among mobile and online activities, FIs are seeing growth in the use of other digital applications. Beyond that, he added, business-to-consumer (B2C) would likely see an uptake of real-time payments, especially for disbursements.

United States 230

United States Payments Fraud Risk Management 230

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

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Gardineer raised concerns about the application of bespoke capital, liquidity, and risk management requirements for SPNB charter applicants. Office, participated in a panel on data, privacy, and fraud prevention policy.

Policies 60

Policies Lending Data Online 60

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

PYMNTS

OCTOBER 5, 2018

According to one industry overview , that makes at least four online sports betting providers that accept PayPal in that state, with another “coming soon.”. Payment processing has been among the chief dampeners of performance in New Jersey’s regulated online gambling market,” observed Legal Sports Report. Card Decline Rates. “At

New Jersey 148

New Jersey Payments Online Cards 148

PYMNTS

MARCH 25, 2020

For example, having tools that monitor cardholder behavior and automatically trigger actions that drive faster card activation helps get revenue through the door sooner. Event-triggered capabilities are valuable in driving portfolio optimization across revenue and expense management , maintained Kelly.

Cards 108

Cards Risk Management Management Strategy 108

PYMNTS

SEPTEMBER 9, 2019

Checks are a less than ideal tool when it comes to paying out emergency funds, McFarland noted. Checks also come with their own fraud and security problems, particularly in chaotic situations when it is easier than usual for the wrong person to intercept and misuse a payment. When Cutting a Check Doesn’t Cut It.

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.

Payments 162

Payments Data Software Fraud 162

FICO

SEPTEMBER 29, 2022

Online pre-qualification provides consumers with credit transparency to better understand what they can or can’t afford. Putting a Risk-Aware Lens on Inflation and Rising Living Costs. For instance, many telcos haven’t invested in any collections decisioning systems, or even a collections workflow tool.

Analytics 52

Analytics Data Risk Management Customer Experience 52

NCR

NOVEMBER 8, 2016

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. Evaluation of Risk.

Cyber Security 63

Cyber Security Security Risk Management Training 63

NCR

AUGUST 31, 2016

Applying advanced analytics to call data is one of the best ways to detect and stop fraud in its tracks. Fraud control functions that continually analyze all IVR call records for fraudulent behavior and automatically apply fraud prevention rules to the caller can systematically prevent criminals’ wrong financial gain.

Fraud 65

Fraud Analytics Cards Mobile 65

Gonzobanker

JULY 8, 2022

CIOs are expected to be able to leverage and deploy myriad state-of-the art digital solutions, including digital banking, cash management, online deposit and loan account opening, next-gen payments experiences, and remote employee access to critical systems. The New CIO Skillset.

Resources 146

Resources Leadership Technology Management 146

PYMNTS

JULY 16, 2018

This week, the lucky winner is Macy’s , which disclosed to the world that hackers had obtained names and passwords of online customers — and might have accessed credit card numbers and expiration dates as well. Apart from an account — the app reportedly offers users savings tools to help educate them on ways to save.

Cards 100

Cards Data Digital Banking Retail 100

Independent Banker

DECEMBER 13, 2015

Good news: The FFIEC Cybersecurity Assessment Tool is still voluntary. Better news: In October, the Financial Services Sector Coordinating Council completed a user-friendlier Excel version, called the FSSCC Automated Cybersecurity Assessment Tool, which the Federal Financial Institutions Examination Council will rule on.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Good news: The FFIEC Cybersecurity Assessment Tool is still voluntary. Better news: In October, the Financial Services Sector Coordinating Council completed a user-friendlier Excel version, called the FSSCC Automated Cybersecurity Assessment Tool, which the Federal Financial Institutions Examination Council will rule on.

Tools 70

Tools Community Community Bank Security 70

Independent Banker

DECEMBER 31, 2021

Some of the lines that community banks plan to add include fraud and ID theft protection services, treasury management solutions, wealth management, property and casualty insurance, credit cards and specialized loan products. In fact, 16.5% of respondents say it will be their greatest opportunity.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

JANUARY 22, 2021

Given the roller coaster ride consumer finances have been on for the last 10 months, managing risk has become critical for financial institutions (FIs), both in terms of rising fraud counts and in terms of rising consumer delinquencies. And ultimately, he said, the tools are out there for any FI to use.

Customer Experience 266

Customer Experience Tools Risk Management Data 266

PYMNTS

MARCH 19, 2018

These tactics cast a wide net of fraud over the fleet card industry – from issuers and acquirers to fleet managers, employers and employees themselves. Goldspink recently told PYMNTS that fleet card-related fraud goes far beyond skimmers at the POS.

Fraud 153

Fraud Cards eBook Data 153