PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. The assistant can also provide extended authentication and serve as a password manager.

Fraud 100

Fraud Online Cards Security 100

PYMNTS

SEPTEMBER 30, 2020

Sometimes they’re just looking for more information, but other times they skip right to demanding chargebacks because they’re quite sure these purchases aren’t theirs and that they’ve been victims of fraud. Depending on the industry, friendly fraud can account for anywhere from 25-80 percent of all fraud losses.

Cards 220

Cards Online Fraud US 220

PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. Fraud that was in turn prevented by the unit amounted to as much as $8.2 Corporate Wire Fraud.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

MARCH 12, 2019

Mastercard announced Tuesday (March 12) that it has inked a deal to acquire Ethoca , a global provider of technology to identify and resolve fraud in digital commerce. In a press release , Mastercard said Ethoca enables merchants and card issuers to collaborate in real time to fight digital commerce fraud.

Fraud 142

Fraud Security Cards Online 142

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

JUNE 22, 2017

Fighting fraud is a lot harder online, and a lot harder for merchants and consumers, as card-not-present transactions become the preferred method of malfeasance. In one recent announcement, payments provider TSYS and real-time learning technology platform Featurespace said they were joining forces to offer fraud prevention tools.

Fraud 162

Fraud Tools Cards Online 162

PYMNTS

JANUARY 10, 2017

It’s early in 2017, but fraud looms like Nosferatu chancing upon the sleeping maiden. As so much business moves online, he said, with that $8 billion figure (writ much larger internationally), the question becomes how to minimize threats while maximizing revenues without forcing the tradeoff of security and convenience for the customer.

Fraud 100

Fraud US Data System 100

PYMNTS

APRIL 16, 2020

Not only do industry giants have innate name recognition, but they also have colossal advertising budgets and access to cutting-edge mobile ordering technology and features that small operations cannot match. Most of us don’t order an expensive steak and a bottle of wine to go,” Taggart said. Fighting Fraud.

Fraud 130

Fraud Chicago Resources Mobile 130

PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. The platform also distinguishes if those particular breaches produced fraud and if the individual’s stolen personal information is available for sale on the dark web.

Fraud 100

Fraud Retail Data Online 100

PYMNTS

JUNE 4, 2019

According to a report in The Financial Times , the new rules, which require more verification for online payments of more than €30 and go into effect in September, require big changes to processes and technology at retailers, banks and payment groups. The new rules are aimed at reducing fraud. That could result in lost sales.

Online 166

Online Survey Industry Retail 166

PYMNTS

DECEMBER 13, 2016

Radial is an industry leader in omnichannel commerce technology and operations. With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We Radial knows a thing or two about fighting fraud.

Fraud 100

Fraud Virgin Islands Pennsylvania Taxes 100

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. We look at community banks’ options for fighting this type of crime. By Katie Kuehner-Hebert. Targeting boomers.

Fraud 133

Fraud social media Millennials Examples 133

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. For example, Palo Alto-based Simility received $17.5

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. The fraud-fighting infrastructure uses an innovative scoring engine to analyze risks in real time for all payments.

Payments 165

Payments Compliance Fraud User Experience 165

PYMNTS

OCTOBER 9, 2020

Attorney General William Barr said that while cryptocurrency could fundamentally transform how human beings interact and how we organize society, “ensuring that use of this technology is safe and does not imperil our public safety or our national security is vitally important to America and its allies.”. Lagging Consumer Use Cases.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

MAY 17, 2016

Whether we like it or not, fraud and identity theft play a significant role in the payments ecosystem. last year it’s no surprise that card-not-present fraud is on the rise. last year it’s no surprise that card-not-present fraud is on the rise. Even new technologies such as Apple Pay aren’t necessarily safe.

Fraud 101

Fraud Payments Apple Technology 101

PYMNTS

NOVEMBER 23, 2020

That’s a silly simplification of the very serious matter of what AI is doing for the restaurant sector, among others, as online ordering becomes a way of life and not just a lockdown relic. AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”.

Mobile 289

Mobile Boston Fraud Colorado 289

Insights on Business

FEBRUARY 11, 2019

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. Synthetic identities and new account fraud.

Fraud 111

Fraud Payments Data Study 111

PYMNTS

MAY 7, 2020

Many are instead flocking to online gambling sites after the closure of all 989 commercial and tribal casino properties in the U.S. However, it can take a long time for online players to collect funds, unlike at casinos, where consumers can instantly collect winnings in cash. US Payments Are Playing Catch-Up.

Online 142

Online New Jersey Pennsylvania Regulation 142

PYMNTS

JANUARY 27, 2020

The pizza chain has transformed itself from a spot for late-night food requests from drunken dorm-room residents — no offense to Domino’s, but that was a large part of its reputation for so long — to a leader in mobile and digital technologies, and a blazer of its own path in the quick-service restaurant (QSR) world. Less Than Full Potential.

US 141

US Mobile Innovation Analysis 141

PYMNTS

JUNE 23, 2016

Though victims of fraud attacks may never be able to beat cybercriminals at their own game, it’s clear that knowledge is power. ” In this month’s installment of the Anatomy of a Fraud Attack series with Kount , we take a look at an increasingly favorite type of fraud among cybercriminals: carding or card testing.

Fraud 138

Fraud Cards Data Tools 138

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). Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Trends South Carolina Risk Management 52

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

Fraud 52

Fraud Cards Analytics System 52

PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

Fraud 100

Fraud Idaho Innovation San Francisco 100

PYMNTS

NOVEMBER 12, 2020

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe. The fraud-fighting infrastructure uses an innovative scoring engine to analyze risks in real time for all payments.

Payments 130

Payments Compliance Fraud User Experience 130

Ublocal

FEBRUARY 15, 2023

Union Bank is dedicated to constantly improving our products and services, and offering customers the latest technology. From Mobile Banking and Online Banking , to secure P2P Payments and Advanced Fraud Protection and Security , we strive to keep our customers, and their assets, safe, while conveniently accessible online.

Online 52

Online How To Security Technology 52

NCR

NOVEMBER 7, 2016

One year on from the launch of EMV chip technology for payment cards in the US, the signs are positive as far as tackling fraud is concerned. Mastercard – the ‘M’ in ‘EMV’ – released figures showing a significant fall in the cost of counterfeit card fraud for US retailers who have adopted EMV.

Fraud 105

Fraud Cards US System 105

Insights on Business

NOVEMBER 26, 2019

Fraud prevention is about who you can trust. But for customers, both actual fraud attacks as well as incorrectly blocked legitimate transactions represent a breach of that trust. But for customers, both actual fraud attacks as well as incorrectly blocked legitimate transactions represent a breach of that trust.

Fraud 91

Fraud Payments Innovation Customer Experience 91

Insights on Business

NOVEMBER 26, 2019

Fraud prevention is about who you can trust. But for customers, both actual fraud attacks as well as incorrectly blocked legitimate transactions represent a breach of that trust. But for customers, both actual fraud attacks as well as incorrectly blocked legitimate transactions represent a breach of that trust.

Fraud 91

Fraud Payments Innovation Customer Experience 91

South State Correspondent

JANUARY 23, 2023

With the capital raised by Elon Musk, Microsoft, and others, this year, banks look to license the technology utilizing a paid professional version and leverage the tool through the Microsoft Office Suite to accomplish a variety of tasks more efficiently. ChatGPT can be embedded in a bank’s online and mobile application via API.

Tools 370

Tools Examples Analysis Data 370

PYMNTS

SEPTEMBER 14, 2018

The technology can authenticate logins by using two-factor authentication to confirm a user’s identity. Once it is in service, Project Verify can be used to automatically sign into apps and prevent access for those that you don’t use, reported Engadget.

Mobile 164

Mobile US Security Fraud 164

FICO

NOVEMBER 24, 2020

As many of us who have long been in the industry know, fraud remains a top challenge for debit cards. billion in gross (attempted) debit card fraud and ultimately incurred losses of over $1 billion on debit and ATM transactions; the need for an effective solution to this problem has never been greater. In 2019 issuers faced $4.2

Fraud 52

Fraud Cards ATM Case Study 52

The Paypers

OCTOBER 26, 2020

US-based technology company F5 has introduced the Shape AI Fraud Engine (SAFE), an SaaS solution for stopping online transactions fraud.

Fraud 36

Fraud US Online Technology 36

FICO

DECEMBER 18, 2019

Card-not-present (CNP) transactions, which are primarily conducted online, have quickly become the most common transactions made among consumers. In anticipation of a dramatic increase in CNP fraud, several years ago FICO implemented new machine learning technologies in the FICO® Falcon Fraud Platform to better catch fraud in this area.

Fraud 52

Fraud Trends Cards Maine 52

PYMNTS

JANUARY 8, 2020

What the first few weeks of the year really mean — at least according to us cheerful, idealistic folks here at PYMNTS — is that it’s time to plan for the trips and vacations that will take place over the next year. Fraud Types. Fraudsters have also taken advantage of the general trend of cheap fare offerings from online aggregators.

Fraud 136

Fraud Online Trends Industry 136

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. Where is the rise in identity-based fraud coming from?

Fraud 72

Fraud Regional US Cards 72

Bobsguide

FEBRUARY 5, 2017

Online lenders have been disrupting the lending ecosystem by combining innovation with advanced financial technology to improve borrower experience, address underserved markets, and reduce operating costs. In 2014, the US. William Wagner, CMO/Vice President of Marketing, Cloud Lending Solutions.

Lending 68

Lending Online Fraud Financial Technology 68