FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. First-party fraud losses - including true name and synthetic identity fraud - can peak to 10 times the size of third party fraud.

Fraud 72

Fraud Regional US Cards 72

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

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. Our choice of Netcetera and Entersekt meant we could add to our offerings a highly effective card-not-present authentication solution. Two major Austrian card issuers are also using the technology.

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Security Payments Cards Fraud 214

FICO

FEBRUARY 18, 2020

But has this shift in consumer habits created a growing rideshare fraud problem? TNCs have gradually changed transportation preferences within the card-not-present (CNP) Taxicab and Limo service category. Interestingly, spikes in fraud rate occur beyond the 31% mark in more risky, less-populated regions in the US.

Fraud 52

Fraud Cards US Regional 52

Payments Source

AUGUST 4, 2016

Overall card fraud losses in Europe have declined slightly over the last five years, but that trend is starting to reverse course, based on new data from FICO and Euromonitor International that points to sharp regional upticks in card-not-present fraud.

Fraud 60

Fraud Cards Regional Course 60

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. One of the leading factors was that chip technology is extremely effective in reducing counterfeit fraud, which was the leading type of fraud in the U.S. down by 76 percent. at the time.”. More than 2.9

Fraud 133

Fraud Cards United States Regional 133

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region.

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Payments Source

AUGUST 15, 2019

The Gulf region poses significant and unique challenges in AML, KYC and other compliance checks, according to Accuity's Nirhjar Daripa.

Compliance 82

Compliance Regional Payments Fraud 82

FICO

JUNE 14, 2021

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . Citi, Citizens Bank, Regions Bank, Fifth Third and Synovus are the largest banks currently participating in point-of-sale financing. Strategies and Tools for Fighting BNPL Fraud.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

JUNE 24, 2020

As we learn in PYMNTS’ inaugural June 2020 Payments Orchestration Playbook , done in collaboration with Spreedly , “The international eCommerce market presents myriad opportunities for growth, and the COVID-19 pandemic has amplified global demand for digital ways to shop and pay.

Payments 130

Payments Regional Analysis Compliance 130

FICO

MARCH 11, 2020

This type of fraud is known as subscription fraud or first party fraud, where a consumer is opening an account for a subscription service (e.g., This type of fraud can constitute 10-20% of the bad debt. In this blog post I will look at: The growing problem of subscription fraud. This is not subscription fraud.

Fraud 52

Fraud Industry Analytics Strategy 52

FICO

JUNE 17, 2021

Surely, not all of these mechanisms are as secure as each other, so there is a relationship between payment methods and fraud risk. Let's take a look at the options I was presented with and what that really means to both the consumer and the fraudster. When presented with the above list, it is easy to be overwhelmed, as I was.

Fraud 52

Fraud Payments Retail Cards 52

FICO

APRIL 16, 2019

Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. These were identified as the two key concerns, as well as the biggest challenges to stopping fraud in 2019. Over 50 percent of global online retail sales in 2018 originated from the region.

Fraud 40

Fraud Survey Regional Cards 40

PYMNTS

JUNE 27, 2019

While large chains are developing their own in-house apps to capture revenue, regional chains and independent restaurants can partner with third-party platforms, as they often do not have the resources to support their own systems. This move follows the 2018 launch of the Starbucks Delivers program in the region.

Analytics 122

Analytics Data Los Angeles Mobile 122

PYMNTS

JANUARY 30, 2019

What’s more, companies must also work to remain compliant with the laws in place across the different regions where they operate. These challenges of ensuring authentication and following ever-shifting AML guidelines present a conundrum for businesses looking to expand globally. How FrontFundr Keeps Its Investment Platform Fraud-Free.

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How To blockchain Compliance Regional 170

The Paypers

FEBRUARY 12, 2018

(The Paypers) Verifi , a US-based end-to-end payment protection and management solutions company has entered the Australian and New Zealand markets.

Regional 28

Regional Fraud Cards US 28

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Fraud is a Top Worry. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami.

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America Security Miami Conference 102

PYMNTS

FEBRUARY 6, 2020

technology by “any means necessary” and that there are about 1,000 related investigations currently ongoing in the country, through its 56 regional offices, according to a report by Reuters. . Zhu Hua and Zhang Shilong were both accused of conspiracy to commit computer intrusions, wire fraud and aggravated identity theft.

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United States US National Fraud 151

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2 And while fraud can be costly, it can be downright devastating for companies that choose to do nothing about it. for every dollar lost to eCommerce fraud. IoT growing pains.

Fraud 100

Fraud Security Retail Mobile 100

The Paypers

NOVEMBER 14, 2017

Ioó , Payment and Fraud Manager, at Travian Games : Each region of the world presents varying fraud levels and trends, which can be identified through active investigation and research by a dedicated fraud team (The Paypers) Andie G.

Fraud 31

Fraud Regional Trends Management 31

PYMNTS

JUNE 5, 2017

percent of all card-present transactions globally were handled with EMV tech — a 35.8 We also recognize that more recent data will reflect higher adoption rates than the January to December 2016 reporting period, given the current pace of migration in regions such as the U.S. The new data also indicates that 52.4 and Asia.”.

Cards 146

Cards Regional America Fraud 146

PYMNTS

DECEMBER 2, 2019

China has implemented a new policy requiring citizens who want new phone service to scan their faces to verify identities instead of simply presenting ID cards, according to a report in The Wall Street Journal. 1), and it was ostensibly put into place to tamp down on fraud and stop the illegal sales of mobile phone cards.

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Policies Mobile Maine Fraud 130

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

NOVEMBER 19, 2020

This represents 59 percent growth over the past 10 years, much of it buoyed by a surge in sign-ups across the Oceania region. CU members stand to benefit greatly from such solutions, as the study reported that 51 percent them of them have had their identities stolen and 68 percent have been targeted by debit or credit card fraud.

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Alabama Meeting Fraud Trends 228

Abrigo

JULY 14, 2023

How has the commercial real estate market performed, and how it is performing today by collateral type in your region/market? emailing, uploading to other documents, creating pdfs, and presentation features that allow for direct presentation to management and board groups)? Industry borrower data.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

APRIL 18, 2019

According to Financial Times , the money was part of a $20 billion scheme known as the “Russian Laundromat,” which was leaked from a supervisory board presentation. The bank is involved in the illegal activity because of former business relationships with two regional eastern European banks, one in Moldova and the other in Latvia.

Regional 155

Regional Regulation Payments Management 155

PYMNTS

JANUARY 9, 2020

Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. percent of card-present transactions within the nation were conducted via EMV card between July 2018 and June 2019. Recent findings have shown that 76.7 comes in dead last, however, as only 59.2

Fraud 131

Fraud Cards Retail Security 131

PYMNTS

AUGUST 21, 2020

In the past 90 days, Lesher said, 51 percent of new accounts have been opened at megabanks, 18 percent at digital banks, 15 percent at regional banks and just 10 percent at credit unions and community banks. By contrast, thieves usually get away with three or four transactions without such tools present. Square announced $1.3

Cards 224

Cards Mobile Community Bank Community 224

PYMNTS

NOVEMBER 1, 2018

Hong Kong Monetary Authority (HKMA) has received a trio of complaints that the faster payments infrastructure has been a conduit to fraud, and the transactions range from $1,280 to $12,750. The alleged fraud involves personal data used to set up eWallet accounts and facilitate direct debit activity.

Payments 144

Payments Fraud Survey Innovation 144

PYMNTS

APRIL 18, 2019

SCA’s goals are laudable by any measure, as the requirement seeks to reduce fraud and make online card-not-present (CNP) transactions more secure. Exemptions can be requested by merchants that show evidence of low fraud rates, he noted. A September to Remember. Those under €30 ($33.93

Fraud 148

Fraud Regulation Compliance Online 148

PYMNTS

NOVEMBER 25, 2020

Crafting AI models that make sure people are who they say they are and prevent fraud, while eliminating identity bias and other pitfalls, comes with its own set of challenges, he said. Traditionally, that begins with an individual presenting a government-issued ID to confirm identity.

social media 353

social media Data Examples Training 353

PYMNTS

SEPTEMBER 30, 2019

In early May, Mastercard, in partnership with Edenred Bank and SEDESSON, the Mexico state agency for social benefits, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history.

Boston 177

Boston Security System Cards 177

PYMNTS

SEPTEMBER 30, 2020

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. Consumers’ changing views are prompting MENA financial authorities to reexamine how their present regulations handle online privacy.

Regulation 175

Regulation Data Regional Examples 175

PYMNTS

MARCH 8, 2017

7), Bluefin Payment Systems announced its new partnership with international online payments and fraud and data management solutions provider First Atlantic Commerce (FAC). PYMNTS: Why was it important for Bluefin to make its solutions available to merchants and acquiring banks in the LAC region? On Tuesday (Mar. but unlike the U.S.,

Marketing 101

Marketing Payments Regional Security 101

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. And accurately, he noted, doesn’t just mean they lock out fraud. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

MARCH 11, 2016

Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. This varies from country to country, but installments are popular throughout the region.

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America Payments Fraud Case Study 100

PYMNTS

AUGUST 28, 2019

The deal will, in turn, allow Cryptix to apply for a license as an investment firm in the region, focusing on financing solutions for small- and medium-sized companies. The collaboration seeks to promote a “friction-free” digital identity and authentication services tied to fraud prevention.

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Fintech Analysis Guidelines Data 172