PYMNTS

JANUARY 14, 2021

Many companies took various facets of their operations digital, too, including their payments operations and other processes that relied on staff coming into the office. The pandemic has forced companies to make myriad changes to their business operations.

Video 184

Video Tools New York City New York 184

PYMNTS

SEPTEMBER 15, 2020

The world needs a FinTech operating system.”. He also cited “banks’ aversion to taking on risk and fraud” in a proactive manner that leads them to create and promote new card offerings. The world doesn’t need another bank,” Poovala told Webster. If you give your card, you can forget about it.”.

System 258

System Operations Fintech Taxes 258

PYMNTS

JANUARY 15, 2021

Many companies have been forced to adjust their business operations during the pandemic as they transact and cooperate remotely to reduce the risks of viral transmission. It’s about helping companies quickly implement some of those best practices, such as video interviewing, so they can move ahead swiftly to keep up with their goals.” .

Video 151

Video Tools Tampa Operations 151

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.

Fraud 150

Fraud Payments Guidelines Regulation 150

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. For every $1 in legitimate fraud, there is $13 in transaction value that is falsely declined,” he said.

Fraud 183

Fraud System Data Cards 183

FICO

JANUARY 12, 2022

The changing global regulatory landscape and ever-shifting fraud vectors are just two of the biggest challenges facing financial institutions. I recently sat down with Sidhartha Dash, Research Director at Chartis Research, for a conversation about the technology and trends in enterprise fraud management. Video Discussion : 2:15-7:30).

Fraud 52

Fraud Technology Management Trends 52

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

Fraud 110

Fraud Security Retail Tools 110

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. System integration provider NEC XON is also looking into biometric KYC for mobile network operators and financial institutions (FIs). How Zillow Co mbats Real Estate Fraud.

Video 161

Video Fraud Compliance Security 161

FICO

JANUARY 15, 2021

Many in the industry know that I’m a strong proponent of Fraud and Financial Crimes Convergence, so I’m often asked about just what organizations should do from a technology standpoint. Check out this video as we discuss what you need to plan and implement to be able to converge fraud and AML technology. Watch the video here.

Fraud 52

Fraud Technology Analytics Video 52

PYMNTS

APRIL 22, 2019

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. The issue of balancing onboarding security with ease is top of mind for all companies operating in the gaming and gambling space.

Fraud 143

Fraud Security Online Video 143

FICO

MAY 28, 2020

It feels like we have been discussing the convergence of fraud and financial crime for at least a decade. I’ve certainly shared my views and predictions, including one of my recent blog posts Fraud and Financial Crime Product Strategy: C is for Convergence , but just in time for summer, the strategy is finally making a splash.

Fraud 52

Fraud Video Strategy Data 52

PYMNTS

JUNE 15, 2017

For instance, video footage surveillance can reveal “hot” and “cold” areas of the store — that is, areas that see a lot of foot traffic versus areas that are relatively sparse and quiet. If someone is hanging around the storefront for too long, the camera feed triggers the speakers to tell the suspect to come back during operating hours.

Fraud 101

Fraud Security Video Retail 101

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

Perficient

OCTOBER 15, 2020

Object Storage-based Data Lake – this is a recent Youtube video from Oracle demonstrating how to set up a data lake on OCI using object storage. OCI Data Catalog – this is a recent Youtube video from Oracle describing use cases for the OCI Data Catalog and how to set up OCI Data Catalog.

Analytics 332

Analytics Data Video Big Data 332

PYMNTS

JULY 1, 2020

In its report, the OCC said that “operational risk is elevated, with banks implementing new processes and procedures, adopting pandemic-related continuity plans and responding to increased fraud and cyber risk.

Compliance 166

Compliance National Fraud Operations 166

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52

Fraud Analytics Trends Innovation 52

FICO

DECEMBER 14, 2021

But European fraud and financial crime have continued to evolve. In the UK, Action Fraud reported several hundreds of cases of people receiving emails claiming to be from the NHS, offering them a vaccine passport, prompting them to click on a link and input their personal and financial details. Accessibility of Deep Fake Technologies.

Fraud 52

Fraud Management Data Trends 52

PYMNTS

JULY 7, 2020

Digitizing operations tops the list of merchant imperatives, but getting there can be a struggle — especially when it comes to digitizing the checkout experience for a post-pandemic age. Merchants’ needs have changed dramatically due to the pandemic. Elsewhere, earlier this year, Cybersource announced a pilot program for the OAuth 2.0

Video 284

Video Tools Mobile Online 284

PYMNTS

JANUARY 27, 2020

Growing attack-related expenses force businesses to remain vigilant against emerging threats, including phishing and other types of fraud that their own employees may willingly or unwillingly perpetuate. Other fraud attempts targeting workplaces are no less dangerous. Fighting the Phishers. Ensuring Secure Workplace Practices.

Fraud 249

Fraud Policies Security Resources 249

PYMNTS

SEPTEMBER 24, 2020

Staying abreast of these various compliance shifts can be costly and challenging for banks, but doing so is necessary to ensure that financial institutions’ (FIs) operations can run smoothly and ward off cyberattacks. Failing to secure such information could open up FIs to fraud. EU and U.K.

Compliance 151

Compliance Fraud Regulation Security 151

PYMNTS

JANUARY 28, 2019

And last week in payments and commerce was particularly drizzly — between real money launderers making use of fake video game funds, regulatory fines and earning fumbles, all kinds of players were reaching for their umbrellas over the course of the week. Sometime it rains. Fortnite’s Money Laundering Problem. So what did we learn this week?

Video 128

Video Data Google Cards 128

PYMNTS

SEPTEMBER 11, 2019

Email often gets overlooked in the 2019 digital economy, given the higher levels of excitement attached to social media, video and other, more cutting-edge tools — to say nothing of the use of text as a communication tool. Fraud Trends. Fraud Crackdown. The operation also resulted in the seizure of nearly $3.7

Fraud 163

Fraud social media Cards Bitcoin 163

PYMNTS

JANUARY 19, 2021

Digital identity is anticipated to generate $8 billion for mobile network operators by 2025, up from $1.3 That same report noted “an encouraging drop of 24 percent in ID-based fraud rates in 2020 from 2019. billion in 2020 alone.”. Digital A Lifesaver For HR Pros. Most HR departments fared no better in this.

Fraud 151

Fraud Survey Video Mobile 151

PYMNTS

DECEMBER 3, 2019

A California college student has filed a lawsuit against TikTok , accusing the viral video service of sending her personal data to its parent company in China, as well as creating an online profile for targeted advertising, without her consent. TikTok’s lighthearted fun comes at a heavy cost.

CA 131

CA Data California Video 131

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.”. The solution?

Online 159

Online Fraud System New York 159

PYMNTS

DECEMBER 16, 2020

Clarity would also help issuers and merchants avoid the hundreds of millions of dollars in chargebacks that add to friction in commerce (and additional operating costs, of course). All said that clearing up the jargon and guesswork — while pinpointing real fraud — can go a long way toward improving digital commerce itself.

Retail 228

Retail Management Fraud Omaha 228

FICO

JANUARY 23, 2019

FICO recently hosted 60 banking fraud professionals from 33 organizations and 8 countries at its Asia Pacific Fraud Forum. Attendees were keenly interested in how artificial intelligence and machine learning continues to be a key technology in the fight against fraud and financial crime. Banking Fraud - The Need for Speed.

Fraud 40

Fraud Analytics Compliance Data 40

PYMNTS

MARCH 12, 2020

Six men were convicted by a Paris court in a $50 million impersonation plot that conned wealthy residents into giving money to help the government with covert operations involving hostages, The New York Times reported on Thursday (March 11). The victims were told that the operation was secret and time-sensitive. million fine.

New York 141

New York Video Fraud Taxes 141

PYMNTS

NOVEMBER 14, 2019

PYMNTS’ latest AML/KYC Tracker explores the emergence of video conference KYC, an important tool to address the demand for digital account opening, particularly when working with new clients in other parts of the world. “Both prerecorded and live video KYC methods encounter similar challenges,” the Tracker explained.

Digital Banking 147

Digital Banking Video Strategy Tools 147

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.

Online 155

Online Video Fraud Examples 155

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. One company that provides fraud-fighting solutions to FIs recently began offering voice-based authentication to help banks verify customers based on their vocal pitches and rhythms.

Report 158

Report Fraud Security Fintech 158

PYMNTS

JULY 11, 2018

Falkowski was sentenced to 30 months in a federal prison for being the brains behind a $1 million fraud scam. To protect himself, he created faulty invoices to trick QVC into paying for his fraud. The fraud happened from 2008 until he was fired in 2013, noted the report. QVC former director James D.

Company 102

Company New York City Fraud Retail 102

PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

Analytics 116

Analytics Data Fraud Tools 116

PYMNTS

MAY 20, 2020

Unemployment, emergency medical bills and falling victim to fraud are just a few reasons why consumers may shift their financial priorities.”. For example, there’s a lot of what could be called “friends and family fraud” – particularly in streaming TV – the resolution of which could drop right to the bottom line.

Fraud 205

Fraud New York Video Customer Experience 205

PYMNTS

NOVEMBER 28, 2018

The UK’s Financial Conduct Authority ( FCA ) revealed that it has launched investigations into 50 cryptocurrency companies over unlicensed operations. For example, earlier this year, Ukrainian start-up Hacken paid Christopher Greene, host of Alternative Media Television — a YouTube channel — to review its coin in a video.

Bitcoin 128

Bitcoin ATM cryptocurrency Video 128

PYMNTS

FEBRUARY 27, 2019

The operators of Musical.ly – now known as TikTok – knew many children were using the app, but they still failed to seek parental consent before collecting names, email addresses and other personal information from users under the age of 13,” said FTC Chairman Joe Simons.

Data 134

Data Video United States Operations 134

PYMNTS

SEPTEMBER 11, 2019

Fraudsters have been increasingly focused on mobile services, with one-third of all fraud attacks worldwide reportedly targeting mobile during the first half of 2018 — a 24 percent year-over-year increase. Fighting Fraud Visibly and Invisibly. Facing Future Fraud.

Security 113

Security Fraud Mobile Cards 113