PYMNTS

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. How Omnichannel Is Changing The Way Luxury Retailers Respond To Fraud.

Fraud 109

Fraud Retail Security Online 109

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

PYMNTS

JUNE 27, 2017

Those that are constantly developing new ways to integrate connected experiences into people’s lives will probably be at the forefront of the tech industry. The increased focus is a good thing — AML laws and Know Your Customer (KYC) requirements can help reduce crime, prevent terrorism and mitigate the risk of fraud.

Innovation 145

Innovation System Mobile Trends 145

PYMNTS

OCTOBER 29, 2020

Further raising customer expectations in the payments industry is the multitude of new providers, many of which are digital-native and do not have the legacy systems baggage of more established players. Automating fraud detection, meanwhile, can help provide a seamless yet secure B2B payments experience.

Payments 213

Payments Fraud Meeting Security 213

PYMNTS

JULY 23, 2020

The goal is to provide a better user experience for invoicing and a reduced risk of fraud. By using the new solution, companies will be able to scale operations to offer automated invoicing and reconciliation, global tax and regulatory compliance and better fraud controls, the release stated.

User Experience 140

User Experience Fraud Taxes Resources 140

PYMNTS

JULY 27, 2020

But how can a five-year-old digital native really stack up against companies that have been operating for decades — or even centuries? The data collected during the onboarding process is key to mitigating fraud risks for insurance companies, too.

Innovation 247

Innovation User Experience Industry Fraud 247

PYMNTS

FEBRUARY 11, 2020

The future of eCommerce, and fraud prevention, is flipping the script from just stopping bad transactions to enabling personalized customer experiences. Or is there a high level of trust that deserves a VIP experience? That is why legacy fraud prevention tools are becoming less and less efficient and effective.”.

Fraud 146

Fraud Security Data Tools 146

PYMNTS

MARCH 15, 2017

E la Carte, the maker of the pay-at-the-table Presto System for the full-service restaurant industry, announced Tuesday (March 14) the launch of PrestoPrime EMV Terminal. Combining robust security with a frictionless user experience, PrestoPrime EMV sets the bar as the best tabletop platform available to restaurant operators.”.

Apple 108

Apple Payments United States Samsung 108

PYMNTS

OCTOBER 1, 2019

The FinTech said it is improving user experience on its Paymode-X AP Automation platform and utilizing AI for enhanced invoice data capture. Bottomline is also updating the Paymode-X AP Automation solution to work more seamlessly with users’ back-office systems. .

Fintech 116

Fintech User Experience Analytics Data 116

Independent Banker

JANUARY 31, 2022

In 2022, we’ve got some critical milestones around integration testing with all of our Fed systems, as well as pilot testing,” said Connie Theien, senior vice president and director, payments industry relations with the Federal Reserve System, to ICBA members during a November 2021 webinar ( see sidebar below ). payment system.”.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

NOVEMBER 23, 2020

Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021. Deluxe itself has 4.5 It's still there, but you don't hear it.

Data 143

Data User Experience Fintech Lending 143

PYMNTS

JULY 2, 2020

Less than 30 percent of credit union decision-makers say their CUs prioritized loyalty innovations in the past three years, however, ranking the priority behind fraud management, real-time payments, digital wallets and other initiatives. Loyalty Innovation Strategies . percent from CUs with no loyalty innovation track record. Likewise, 33.3

Innovation 155

Innovation Branding Tools Innovation Strategies 155

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. For example, our Fraud Desk department is a business model innovation we came up with to help customers who need to augment their fraud operations that go beyond our models/products.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. What does that mean, then?

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

JUNE 24, 2019

Machine learning and artificial intelligence are among the emerging technologies capable of boosting banking operations, including customer service and preventing fraud, as recent PYMNTS research has demonstrated. 5G will mean zero waiting time.”.

Mobile 116

Mobile Fintech Technology Analysis 116

PYMNTS

DECEMBER 7, 2016

“The best cyberprotection not only needs to work everywhere, operate efficiently and keep you ahead of the threat, but it must also be able to be easily deployed. Stealth(aware) meets these standards across the board.”

Security 100

Security Analytics User Experience Software 100

FICO

AUGUST 27, 2020

But the move to digital channels comes with the responsibility to protect both customers and organisations from fraud. This includes application fraud – i.e. a fraudster uses a stolen or synthetic identity to open an account and account takeover fraud - where fraudsters know enough about someone to login to their accounts and take them over.

Management 52

Management Fraud Security Examples 52

PYMNTS

JULY 23, 2019

Making sure the person is authorized to use those credentials is critical to establishing trust — and it’s the sweet spot in which Boku operates. The carriers that provide those phones have access to those consumers’ data — and they also have decades of developed skills in matching phones and phone numbers with their operators.

Data 101

Data Mobile Compliance Security 101

FICO

SEPTEMBER 29, 2022

By moving beyond the current one-size-fits-all approach, telecom operators can customise the user experience by identifying user personas and applying an analytical overlay to their customer data assets, to continually deliver critical insight and targeted customized experiences. But it’s all about trust.

Analytics 52

Analytics Data Risk Management Customer Experience 52

PYMNTS

JULY 5, 2017

The complexity of mobile payments shows up when looking at the entities involved in the entire process, and where these entities will be operating. By perceived security, I am talking mainly about user experience as it relates to the digital payment space. Without help, these processes can become fragmented and overwhelming.

Innovation 121

Innovation Customer Experience Mobile Security 121

PYMNTS

JANUARY 28, 2019

According to an investigation by Sixgill, $250,000 of Fortnite items were sold on eBay in the last 60 days, with operations being conducted around the globe in Chinese, Russian, Spanish, Arabic and English. In the case of Google, that would be Ireland, which is the legal base of its European operations. So what did we learn this week?

Video 128

Video Data Google Cards 128

PYMNTS

MAY 22, 2017

In early May, approximately 300,000 computer systems in more than 150 countries were compromised by the WannaCry cyberattack. Even voice authentication biometrics are not foolproof because, as Clarke pointed out, there are now software tools available that capture and manipulate a sample of a user’s voice for nefarious ends.

Regulation 116

Regulation National Online System 116

FICO

APRIL 19, 2018

FICO® Debt Manager FitAgent can now sift through massive real-time datasets from internal or external sources, such as dialers and other communication systems, using FICO® Decision Management Platform Streaming to rapidly generate powerful insights that assist with the collection and recovery process.

Miami 40

Miami Analytics Florida Management 40

PYMNTS

OCTOBER 2, 2019

Andrew Sloper, head of digital identity and authentication at Chase, recently spoke to PYMNTS about how these solutions allow the bank to deliver seamless and secure user experiences while enabling a preventative approach to fraud. It uses ML solutions to detect fraud and highlight suspicious activities.

Fraud 109

Fraud Security Tools Data 109

Fintech Labs Insights

MARCH 13, 2017

Since then, the company has matured; it now offers five solutions across mobile, web, and desktop to help large financial institutions combat onboarding fraud. ” Codó continued, “We focus on three main market needs: user experience, fraud prevention and how to connect digital identity to physical identity.”

User Experience 18

User Experience Fraud Maine Mobile 18

Gonzobanker

APRIL 26, 2023

The thing that everyone seems to have finally agreed on is that digital transformation is a journey – a phased approach focused on continuous improvement across various systems. Many financial institutions still segment their operations by payment rail, leading to a siloed back office and a disparate view of customer behavior.

Payments 157

Payments System Fraud Resources 157

Fintech Labs Insights

JUNE 18, 2015

We recently caught up with John Canfield, VP of Risk for WePay, to chat about how he combats fraud. What rarely gets mentioned in the coverage is just how complicated platform payments can be, given myriad operational, regulatory, and risk prevention requirements. It also provides regulatory and fraud risk protection.

Security 12

Security Payments San Jose Fraud 12

PYMNTS

JUNE 28, 2019

Easier said than done, of course, as the executive noted that challenges and barriers exist to such a shift, tied in part to back office functions and systems, which can be outdated and disjointed. User Experience. Banks and FinTechs can leverage technology, in fact, to stop fraud before it happens. Connectivity.

Payments 107

Payments Fraud System Fintech 107

PYMNTS

JANUARY 16, 2020

A two-headed monster of rising churn and rampant fraud is menacing the growing subscription space, and many companies are spending big bucks to roll out innovative fraud-busting technologies to combat it. Trint is operating in a fast-growing, highly competitive field that has drawn in technology giants such as Microsoft and Google.

Customer Experience 131

Customer Experience Fraud Video Security 131

PYMNTS

JULY 1, 2020

In a PYMNTS interview , NICE Actimize Head of Fraud Strategy Rob Tharle shed light on a nasty downside to the proliferation of open banking around the globe. Moving to open banking with APIs [application programming interfaces] has impacts on fraud systems. In the U.K.,

Fintech 141

Fintech Strategy Fraud User Experience 141

PYMNTS

JANUARY 20, 2020

Futureproofing is the process of creating systems and processes resilient enough to hold their value in the face of an unknown future. It has motivated a different approach for fighting fraud in the 2020s and beyond. Protecting the commerce ecosystem from fraud and risk is both a short- and long-term game. Going on the Offense.

Security 168

Security Fraud Risk Management Payments 168

FICO

MARCH 6, 2020

In 2014, I joined Tonbeller as Head of Sales & Channel Operations and became Management Board member shortly thereafter. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more. Fraud and money-laundering are closely connected. Can you elaborate on that?

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

OCTOBER 11, 2018

PSCU works with credit unions individually, and as a collective network, with an emphasis on bringing forward “leading-edge technologies,” solutions and programs that optimize credit union operations. And that data, Fagan noted, is extremely useful in a variety of contexts — like fraud mitigation. What’s Next .

Fraud 140

Fraud Training Cards Tools 140

PYMNTS

JULY 1, 2019

The announcement establishes a low-cost ecosystem that will enable Libra cryptocurrency users to make purchases both on Facebook and other online marketplaces. The system will use the Libra Blockchain, a new payment rail that provides a single data structure to record transactions, which are visible to others on the network. .

blockchain 100

blockchain cryptocurrency Retail Regulation 100

PYMNTS

OCTOBER 13, 2020

It may be hard to remember now, but FIs were already immersed in various stages of their own digital transformations as they looked at and started to overhaul their own aging batch-based systems that were just too slow and cumbersome to respond to the needs of corporate clients. Time and money are needed to modernize infrastructure.

Fintech 190

Fintech Payments Customer Experience Examples 190

PYMNTS

FEBRUARY 18, 2020

However, in the case of visual and image-based authentication processes, Trulioo Chief Operating Officer Zac Cohen told PYMNTS, the emerging picture is a bit cloudier. On the one hand, there is the omnipresent risk of fraudsters who are constantly attacking and probing for weaknesses and holes in systems to exploit for gain.

Regional 145

Regional Security Mobile Technology 145

NCR

AUGUST 25, 2017

By 2020, the US should have a payment system that is faster, ubiquitous, broadly inclusive, safe, highly secure and efficient. One of the biggest obstacles facing the development of a faster payments system in the US is interoperability. It also outlined other key challenges and the actions required to overcome them. The challenges.

US 88

US Payments System Security 88