PYMNTS

MAY 2, 2017

Credit card fraud is a fact that will likely continue to plague retailers for the foreseeable future. It’s on the rise in the eCommerce arena, according to data released from omnichannel commerce technology and operations company Radial’s eCommerce Fraud Technology Lab. What happened was exactly what was expected.

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South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

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PYMNTS

SEPTEMBER 10, 2019

Artificial intelligence (AI) and machine learning (ML) are starting to play a bigger role in retail, foreshadowing what’s to come in the new decade of the 2020s. According to PYMNTS research , AI and ML are blurring the divide between online and in-store shopping, and bringing an all-new human element into retail.

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PYMNTS

SEPTEMBER 4, 2019

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . The latest data shows that Visa payment cards with an embedded EMV chip has had a significant impact on counterfeit fraud, which is when criminals copy your payment card data onto a fake card and re-use it without your permission.”.

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PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. This is something about which retailers remain undereducated, and has allowed fraudsters to capitalize on relatively low FDP spend,” explained research author Steffen Sorrell in a press release.

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PYMNTS

JANUARY 21, 2021

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. retailers have digital oversights that leave them vulnerable to attacks.

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PYMNTS

JANUARY 11, 2021

To that end, late last week Equifax said it had reached a deal to acquire fraud prevention and digital ID firm Kount for $640 million. As reported, the deal will enable Equifax to boost its global presence in digital ID and fraud prevention, including through the Kount Identity Trust Global Network. In a Monday (Jan.

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PYMNTS

JANUARY 17, 2020

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Take the issue of retail security as one example. To do so, however, these companies will need to make some adjustments to their fraud protection strategies.

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PYMNTS

OCTOBER 9, 2020

found that 32 percent of consumers have been targeted by some type of pandemic-related fraud , for example. state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. Email and the Verification Divide.

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PYMNTS

NOVEMBER 18, 2016

Omnichannel commerce technology and operations provider Radial released the results of its Annual Holiday Fraud Index today (Nov. 18), which revealed the ongoing risk retailers face of coordinated and sustained fraud losses. Cyber Monday usually sees a significant drop in cross-border fraud attack rates.

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PYMNTS

SEPTEMBER 18, 2020

We have deep dives on digital onboarding at universities, subscriptions and quick-service restaurant (QSR) friendly fraud. Financial messaging services organization SWIFT has announced that its cross-border technology will be revamped to let financial institutions offer instant transactions. Helping QSRs Fight Food Fraud.

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PYMNTS

SEPTEMBER 21, 2018

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. In a new PYMNTS interview, Tricia Phillips, SVP of product at Kount , discussed the fraud trends for the upcoming fourth quarter. Fraud Headstart.

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PYMNTS

JULY 25, 2017

The impact of online fraud reaches far beyond the dollar count of sales lost. . In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. .

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PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

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PYMNTS

MARCH 18, 2019

And AMC Theatres is rolling out mobile order-ahead technology for moviegoers, as fitness apps are tapping into the subscription business model with free trials. 130B: The total projected losses of retailers due to card-not-present fraud from 2019 to 2023. All this, Today In Data.

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PYMNTS

FEBRUARY 3, 2020

Fraudsters are increasingly savvy, though, and retailers cannot afford to relax much. . Debit card fraud can have far-reaching consequences that extend beyond those of credit card fraud, as debit technologies link directly to customers’ bank accounts. Fraud And The Problem Of Convenience.

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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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PYMNTS

JULY 2, 2020

How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. In this month’s Feature Story, Mejia explained the strategies and technologies helping FIs overcome this challenge and shift fraud-fighting approaches to suit customers’ new habits. Find more about these and the rest of the latest headlines in the Tracker.

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PYMNTS

NOVEMBER 15, 2018

New data shows a projected 14 percent increase in fraud attempts during the upcoming 2018 holiday season — with fraud likely to peak on Thanksgiving Day. The first step to fighting fraud is knowing what you’re up against,” Erika Dietrich, global director of payments risk at ACI Worldwide, said in a press release. “The

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Payments Source

JULY 11, 2019

The technology provides convenience and is growing fast, but is prone to card-not-present fraud, says Monica Eaton-Cardone, COO of Chargebacks 911 and CIO of its parent company Global Risk Technologies.

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PYMNTS

JULY 10, 2019

These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. An unexpected consequence of the retailer race to offer same-day and one-day delivery is increased fraud exposure. Nearly one-third (30.4

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PYMNTS

JUNE 10, 2019

About a month after reports surfaced that commercial fleet payments technology firm FLEETCOR is facing a lawsuit over claims of anticompetitive behavior, a new report from Citron Research is accusing the company of clean energy fraud.

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FICO

JULY 6, 2023

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

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PYMNTS

DECEMBER 17, 2020

Although the digital shift brought on by the pandemic has rapidly reshaped the entire retail industry, its impact on the grocery segment in particular has been especially pronounced. She said that’s especially true when a new middleman — delivery services — often sits between the retailer and the end customer. “If

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Cisco

JUNE 7, 2019

Retail banks, tasked with guarding customer data and dollars, must respond with modern defensive strategies and prepare for both today’s challenges and tomorrow’s threats. . After decades of battling credit card fraud, retail banks face a new challenge: fraudulent account takeover. The rise in high-impact fraud.

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Bobsguide

MARCH 6, 2019

One of the biggest challenges facing banks, issuers and retailers around card-not-present (CNP) fraud is the fact that a majority of payments and transactions are still being processed on decades-old technology. When this technology was put in place, no one could imagine a world where CNP.

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PYMNTS

MARCH 13, 2017

Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. With the rapid changes to the payment space driven by mobile devices, EMV and other solutions, online fraud will only continue to rise, said Emailage.

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PYMNTS

DECEMBER 18, 2019

You can count on at least one thing for retail in 2020: Things will get much more personal. Dynamic Yield now enables more than 300 brands in six continents, spanning retail, gaming, finance, travel and publishing. Dynamic Yield now enables more than 300 brands in six continents, spanning retail, gaming, finance, travel and publishing.

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PYMNTS

DECEMBER 13, 2016

Radial is an industry leader in omnichannel commerce technology and operations. 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 Radial knows a thing or two about fighting fraud.

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PYMNTS

AUGUST 19, 2019

Rewards and loyalty programs also make attractive targets for fraud. Here are some examples of restaurants and retailers that have bounced back from mobile data breaches and what they are doing to ensure security. As a retailer, you can say there’s no practical purpose for a customer to be trying to log onto your network using a bot.

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PYMNTS

SEPTEMBER 14, 2020

Friendly fraud has been on the rise for years, with customers contacting their banks to falsely assert that their credit cards have been used online for unauthorized purchases. FIs must thoroughly investigate chargeback cases to protect customers when fraud does occur, but the process can be cumbersome. The Cost Of Undue Chargebacks.

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PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. Fraud varies country to country, region to region. Europe may offer a tell on the fraud to come. A marathon that never ends.

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PYMNTS

FEBRUARY 1, 2017

The advent of the digital age has sped transformation of the retail industry from physical stores to digital storefronts. Since eCommerce currently makes up about 9–10 percent of retail sales overall — more in key segments — it is claiming more of that pie, Byrnes added. The pain point varies by the product mix, Byrnes said.

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PYMNTS

AUGUST 10, 2017

It’s been a little over a year since our Digital Banking Tracker heralded the “ Dawn of Banking Voice Technology.” Now it’s more like the high noon of banking voice technology, with most major banks hosting their own incarnation — all with slightly different capabilities and adoption rates. Santander U.K. Santander U.K.

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PYMNTS

SEPTEMBER 17, 2020

which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. “As Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations. 17) statement. million of investor money because of his alleged deception.

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PYMNTS

MAY 9, 2016

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent. contact-form-7].

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PYMNTS

MAY 17, 2016

Whether we like it or not, fraud and identity theft play a significant role in the payments ecosystem. last year it’s no surprise that card-not-present fraud is on the rise. last year it’s no surprise that card-not-present fraud is on the rise. Even new technologies such as Apple Pay aren’t necessarily safe.

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