Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox? Instant payments service What is FedNow?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

OCTOBER 19, 2018

At the least, it won’t get any better — not according to any anti-fraud expert who is worth their rate. Every business must decide its comfort level with fraud and how much risk to take on, a concept discussed in depth during a new PYMNTS digital discussion, featuring Karen Webster and Kevin Trilli, chief product officer at Onfido.

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PYMNTS

AUGUST 5, 2020

While video streaming services remain popular, research indicates more consumers are also turning to online gaming and gambling platforms. The Tracker also examines how both fraudsters and online gaming platforms are employing new emerging technologies to muscle bad actors out of these services.

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Online Report Fraud Mobile 278

PYMNTS

DECEMBER 10, 2020

Video-based KYC is an effective digital technology used increasingly to confirm customers? This method allows banks and merchants to verify customers through video interviews and biometric authentication, which are checked against physical documents. Video verification is one way to ensure smooth experiences and build trust. .

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PYMNTS

DECEMBER 11, 2020

PYMNTS’ December 2020 Digital Identity Tracker® , done in collaboration with Jumio , delves with enthusiasm and deep detail into the burgeoning field of video-based KYC , highlighting a number of compelling use cases from around the world that showcase its effectiveness. But that’s about to end. Seeing Is Believing. Timing Is Everything.

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PYMNTS

NOVEMBER 22, 2019

It’s been said cybercriminals look for the path of least resistance when they target businesses or online marketplaces to steal data or money. And, increasingly, online gaming platforms — attractive to the bad guys due to their scale and relative anonymity — are in the crosshairs. The tools are there, but mindset matters.

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PYMNTS

OCTOBER 8, 2020

The growing cost of online fraud – and finding ways to detect it – has long been a costly concern of financial institutions (FIs). If you beat the geolocation fraud, you beat all the fraud,” Briggs said. For instance, Briggs recalled that he was once blocked from paying some large bills online while traveling in Italy.

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Fraud Seattle Security Technology 266

FICO

JULY 15, 2021

The challenge for financial institutions of fighting fraud and tackling financial crime has never been greater. Fraud experts need to be armed with the most up-to-date information about the latest industry trends and developments. The new community is driven by some of the finest minds in fraud detection. by TJ Horan.

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Community Fraud Online Trends 52

PYMNTS

DECEMBER 12, 2018

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Global fraud related to online dating scams costs “several billion dollars a year,” Hochrieser said, “and it’s growing every year.”.

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PYMNTS

DECEMBER 8, 2020

As the holiday shopping season kicks into high gear amid an unprecedented pandemic-era surge in online shopping, banks and merchants are bracing for an associated spike in fraud , disputes and chargebacks. Fighting Friendly Fraud. We saw a pronounced effect around that.”. Avoiding Friction.

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Fraud System Data Cards 183

FICO

APRIL 8, 2021

Over the last year, the global pandemic has profoundly impacted fraud trends , with financial criminals feasting on a desperate stew of consumer loneliness, financial difficulties, boredom and desperation. Stay in the Know with my Latest Fraud Video. By furnishing mules in the U.S. By furnishing mules in the U.S.

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Video Fraud Florida Cards 72

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.

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FICO

JULY 4, 2018

For many years, bank fraud teams have had to worry not only about tackling fraud but also about the impact that security and fraud prevention measures have on their customers. With that in mind, we made this short video, with quick tips on how to stay safe online. The short answer? They’re frustrated.

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Video Online Fraud Customer Experience 51

PYMNTS

NOVEMBER 15, 2016

Kaltura , an video platform for the OTT TV (Over the Top TV), OVP (Online Video Platform), EdVP (Education Video Platform) and EVP (Enterprise Video Platform) markets, announced an integration with commerce platform Stripe to increase revenues for OTT players.

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Video Payments Tools Online 100

PYMNTS

MARCH 11, 2020

The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos. FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Download the Tracker to read the Feature Story.

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Fraud Payments Guidelines Regulation 150

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2 According to the new Digital Fraud Tracker , total losses due to fraud equaled $4.2

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Fraud Security Retail Tools 110

PYMNTS

APRIL 21, 2020

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. More than $13 million has been lost overall due to coronavirus-related fraud.

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social media Fraud cryptocurrency blockchain 240

PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Players of Fortnite can now log into the video game on Apple’s sign-in system following an almost two-week prohibition. Helping QSRs Fight Food Fraud. Top News . Fun, Cool, and Otherwise Interesting.

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Fraud Apple California Innovation 141

PYMNTS

NOVEMBER 13, 2019

FIs have thus been seeking out online verification methods that are rigorous enough to meet regulatory approval but quick enough for customers. Many FIs are interested in the potential of video-based KYC, through which customer-provided videos of themselves are compared against the images on their ID documents.

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Video Security Conference Resources 100

PYMNTS

APRIL 22, 2019

The company recently announced a new online solution for onboarding fund houses. Meanwhile, Spanish banking group BBVA is tapping photo- and video-based document and biometric verification measures to secure its digital onboarding. How DraftKings Keeps Fraud Out of Fantasy S ports. customers now onboard digitally.

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Fraud Security Online Video 143

PYMNTS

JUNE 7, 2019

The rise in online shopping means more shoppers needing refunds on returned merchandise. Twenty-five to 30 percent of online orders are returned, three times higher than physical purchases. According to CBRE, in 2018 online returns were forecast to reach $37 billion in value during the gift-giving season. Many Happy Returns.

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Online Retail Study Video 178

FICO

NOVEMBER 13, 2017

What card fraud trends are bothering fraud managers in Europe? In this video, Gabriel Hopkins of FICO discusses the rise in card-not-present (CNP) fraud, and what card issuers are doing about it. That's why innovations in CNP fraud detection are so vital. appeared first on FICO.

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Video Fraud Trends Cards 45

PYMNTS

AUGUST 13, 2019

Video games have changed a lot since the early days of home gaming in the late 1970s and early ’80s. Video game manufacturers operated a different model of sorts: Create great games to get consumers to buy the hardware, then keep cranking out great games that would keep consumers on board and upgrading those devices.

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Online Video Fraud Examples 155

PYMNTS

NOVEMBER 11, 2019

Governments are tightening know your customer (KYC) and anti-money laundering (AML) requirements on various industries out of increasing concern over fraud threats. The Bank of Thailand is exploring new KYC approaches, announcing plans to pilot online biometric KYC checks on customers seeking to open savings accounts.

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FICO

AUGUST 2, 2018

Want to learn why application fraud is on the rise? With the North American chip card deployment, fraud has migrated to “paths of least resistance”. EMV has disrupted a $4 billion industry that seeks to find a new home in application fraud, card not present fraud, and more. Video) appeared first on FICO.

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Video Fraud Cards Online 40

PYMNTS

OCTOBER 13, 2019

Online retail giant Amazon says it will launch into new markets amid an uncertain sea of controversies and regulations, CNBC reported on Friday (Oct. Privacy advocates are worried the technology could lead to the false arrest of innocent people who just happen to look like the video snapshot.

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FICO

JUNE 21, 2019

Want to protect yourself online – and protect your family – from data compromise and identity theft? More tips on how to protect yourself online are discussed in this blog post and video. FICO’s Doug Clare, vice president for cybersecurity solutions, offers some advice in this interview with NBC King 5 News in Seattle.

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PYMNTS

DECEMBER 8, 2020

That’s more than double the rate from a year ago, and marks a nearly fivefold increase in this type of fraud since 2017. People currently shopping for pets online are prime targets for fraudsters trolling the internet looking for want-to-be pet owners. Corey, BBB St. Louis president and CEO. Paying For Pups.

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St. Louis Fraud social media Video 275

PYMNTS

SEPTEMBER 23, 2020

A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total of $42 billion in funds stolen over this period of time. There were 223,163 cases of identity theft that year across all generations, with 42 percent of them consisting of bank and credit card fraud.

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Technology Report Fraud Study 208

PYMNTS

JULY 13, 2020

Many customers have grown accustomed to virtual tours and online onboarding processes and may not wish to return to paper-based or manual methods. One study showed that 44 percent of individuals in 2018 began their house-hunting journeys by looking up potential properties online before contacting real estate professionals.

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PYMNTS

AUGUST 27, 2020

Account takeovers can be common on online gaming and social networking sites, but gaming accounts can be valuable. So, the fraud increased as well. And among all video games, the figure is around $1 billion per year, Bloomberg reported.

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Marketing Apple Video Fraud 289

PYMNTS

JULY 7, 2020

Consumers are also demanding eCommerce payment experiences, he said, and as a result, Visa and Cybersource have seen their partners reach out for assistance in better understanding their merchants’ digital needs as they shift toward helping merchants get online and accept payments.

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Video Tools Mobile Online 284

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.

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Fraud Cards Data Tools 138

Abrigo

DECEMBER 8, 2021

Takeaway 2 An in-person or video conference can help FIs facilitate deeper discussions and answer questions as needed. Should BSA/AML board training be in person or online? An in-person or video conference can help financial institutions facilitate deeper discussions and answer questions as needed. Fraud Prevention.

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Training Resources Video Compliance 195

PYMNTS

JULY 14, 2020

Access to and work with large, diverse datasets is a critical strategy for realtors now as they try to maintain that spray-tan composure, showcase a property’s assets and close — all very possibly via video chat. The Digital Consumer Onboarding Tracker® is a vital resource to industry players dealing with the new real estate.

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Data New York City Video New York 131

PYMNTS

SEPTEMBER 23, 2020

Report: Overcoming ID Fraud’s Technology Blind Spots. Many banks are turning to video-based onboarding procedures and artificial intelligence (AI) to counter the threat of identity fraud, but those technologies have their own blind spots when deployed alone, says Sameer Shetty, head of digital banking at Axis Bank.

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Google Guidelines Fraud Video 187

PYMNTS

FEBRUARY 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). It apparently marked the first time that video game currencies had received a comment from the IRS. Experts warn of fraud happening through video game marketplaces.

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Report Taxes Video Bitcoin 143