PYMNTS

APRIL 6, 2020

And as of today, fraudsters find themselves in extraordinary times as people are online en masse working from home and shopping due to the coronavirus pandemic. Flattening the Fraud Curve. This is a once-in-a-lifetime target-rich environment for fraudsters,” said U.S. Stopping the Fake Phone Calls.

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PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

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PYMNTS

JUNE 12, 2019

Online universities have become common as more students seek convenient, flexible ways to earn degrees. Western Governors University (WGU), a nonprofit online university based in Salt Lake City, was founded in 1997 by 19 governors of western U.S. states to create a skilled workforce. states to create a skilled workforce.

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Online Fraud Analysis Study 145

Abrigo

AUGUST 22, 2022

Emerging Check Fraud Trends to be Aware of It seems check fraud will never go away, it just changes its approach every opportunity. Takeaway 3 Watch out for business email compromise and the use of checks. Check Fraud. Still the number one type of fraud in banking. Find out what the latest iteration looks like.

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PYMNTS

DECEMBER 8, 2020

Oh, the stories never end,” — and they’re coming from “unknown people” around the world, the rockin’ cast tells us. The pandemic has nearly shifted everything online overnight,” said Kim Hong, senior vice president of marketing at Trulioo. Who are these “unknown people” in the night?

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PYMNTS

JULY 30, 2020

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. Traditional fraud-fighting approaches often fail against scammers who use synthetic IDs to trick financial institutions (FIs) into letting them open new accounts. Check it out.

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PYMNTS

SEPTEMBER 3, 2020

The pandemic has pushed us to do all things digitally while opening up new vectors of attack. Those new avenues of fraud have leveraged hallmarks of the current pandemic — fears over public health and concerns about stimulus checks issued by the government — to snare unwitting victims. . .

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The Paypers

APRIL 25, 2023

Biometric authentication provider iProov has partnered with fraud automation platform Authsignal for online fraud prevention across the US, Europe, and Asia Pacific.

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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.

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Cards Online Fraud US 220

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.

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PYMNTS

DECEMBER 30, 2020

Connecticut-based People’s United Bank has seen this trend in action in recent months, said Karen Boyer , the financial institution's vice president of financial crimes and fraud intelligence. This online commerce shift has brought with it an increased risk of fraud, however. Debit Fraud Threats In The Time Of eCommerce.

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PYMNTS

AUGUST 19, 2019

As reported earlier this week, a new strain of ransomware has been hitting US firms and firms based overseas. Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We Fraud that was in turn prevented by the unit amounted to as much as $8.2

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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.

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PYMNTS

MAY 12, 2019

That was 70 percent of all the fraud in 2018, reported Reuters, citing CipherTrace. They were then able to reset passwords and then access his online accounts. In recent weeks the price of bitcoin has been increasing. Reuters noted that losses from the theft of cryptocurrency have increased to $1.2

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PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware.

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PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

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Fraud Mobile social media Customer Experience 177

PYMNTS

OCTOBER 15, 2020

The FBI is warning homebuyers to be on the lookout for internet criminals who are sneaking into online conversations between buyers and mortgage companies or other participants in the sale process and providing false instructions that dupe purchasers into wiring funds to the criminals’ accounts, CNBC reported Thursday (Oct.

Fraud 162

Fraud Report America California 162

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

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). I think the FTC’s numbers are almost certainly just the tip of the iceberg when it comes to fraud losses,” Breyault told CNBC. “We We know fraud is historically an under-reported crime.”.

US 175

US Fraud Illinois Washington 175

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

NOVEMBER 3, 2020

There is the potential, too, for integrated invoicing capabilities within QuickBooks to combat invoice fraud , a growing pain point for the B2B payments landscape. Cyber attackers and online scammers are using a long list of tactics to steal cash from businesses by infiltrating the weak points in AR and accounts payable (AP) workflows.

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Online Groups Fintech User Experience 150

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. As digital migration accelerates, managing authentication and online fraud while optimizing the consumer's experience has become one of our customers' top challenges,” Equifax CEO Mark W.

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Idaho Fraud United States Customer Experience 295

PYMNTS

APRIL 16, 2020

LYFE’s mission in the midst of the pandemic is twofold: boost the amount of business from pickup and delivery orders and counter the increased risk of fraud that is accompanying the crisis. Most of us don’t order an expensive steak and a bottle of wine to go,” Taggart said. Fighting Fraud. COVID-19 Woes .

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PYMNTS

JUNE 5, 2020

And the field of targets is richer and wider than ever, as merchants have expanded their digital presence to meet a new crop of consumers making their initial steps into online commerce. Consumers are buying online products that they didn’t buy online before. Now, consumer preference is shifting toward digital payments.

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PopularBank

DECEMBER 1, 2021

Costs of paying by mail vs. online and mobile banking. Some risks are unavoidable, but there are ways to lower the financial impact and reputational risk of fraud, and to measure and reduce its impact. Fraud can be analyzed two ways. The first is the likelihood of the fraud occurring. And the reason is clear: convenience.

Online 98

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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.

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The Paypers

OCTOBER 19, 2021

US-based identity solutions company Ping Identity has augmented its PingOne Cloud Platform with new online fraud detection capabilities for enterprise cloud security.

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Fraud Online US Security 34

PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. It turns out that, for online retail last year, the “fraudliest day” was Dec. Thumbs Down On Rules Of Thumb?

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Fraud Risk Management Customer Experience Trends 159

PYMNTS

DECEMBER 5, 2019

The duo allegedly — and with the help of more than a dozen others — worked to deploy malware known as Dridex (aka Cridex and Bugat) and for committing wire and bank fraud. The malware was used to lift banking credentials, financial data and personal information from victims, and for deploying ransomware.

Groups 130

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PYMNTS

JANUARY 28, 2020

Combatting aggressive online fraudsters calls for asymmetrical strategies that confound mal-bots with superhuman processing power. The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration. million per incident.

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Fraud Data Big Data Strategy 143

PYMNTS

SEPTEMBER 19, 2019

Online sales of such products are projected to reach $1.8 These sites not only need to be vigilant against payments-related fraud, but they must also have the right tools in place to detect illicit listings. Fast Speeds, Smaller Packages and Online Counterfeiting.

Online 133

Online Fraud Report Payments 133

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.

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Online Survey Industry Retail 166

FICO

NOVEMBER 15, 2021

This week is International Fraud Awareness Week — but every week is Fraud Awareness Week for FICO, as we focus on helping banks and other financial institutions worldwide detect and manage fraud. Fraud is a big burden for such organizations but there are of course other victims – people just like you and me.

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Fraud Course Examples US 105

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,

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PYMNTS

APRIL 12, 2018

On the one hand, Worldpay ’s VP of Data Products Nicole Jass noted, EMV has done an awful lot to slam the door shut on card-present fraud. According to Visa, counterfeit fraud at U.S. They just found a window to open, and that window has been card-not-present (CNP) fraud. Fighting Fraud by Finding the Good Instead of the Bad.

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Fraud Data System Security 126

PYMNTS

DECEMBER 13, 2016

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 We’ve settled into providing services as a payments and fraud business.”. Radial knows a thing or two about fighting fraud. “We’ve

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PYMNTS

OCTOBER 12, 2016

11) the launch of its Centrix Dispute Tracking System (CentrixDTS) Fraud Alerts module, an add-on to the case management and Regulation E compliance platform financial institutions use for both fraud and non-fraud transaction disputes. billion-asset Gesa Credit Union, in the same press release. .

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