PYMNTS

JANUARY 26, 2021

These struggles are leading many to examine cutting-edge tools that can help them better protect these transactions from fraud,” according to PYMNTS January 2021 Real-Time Payments Tracker® done in collaboration with The Clearing House. It’s worth noting that most fraud involves debits, not credits.)”.

Fraud 274

Fraud Los Angeles Tools Security 274

PYMNTS

OCTOBER 1, 2020

In regions where open banking and other electronic payments pilots are becoming common, such as the Middle East-North Africa (MENA) region, pandemic-era payments are all about privacy, security and trust, particularly in B2B transactions. Privacy Protection In The Spotlight. Lessons From Abroad. 3D Secure 2.0

Regional 130

Regional Regulation social media Security 130

PYMNTS

DECEMBER 7, 2020

But the BEC scam is not the only kind of business payments fraud plaguing firms today. This week's B2B Digest looks at how corporate finance scams come in all shapes and sizes, from employee expense fraud to invoice falsification. PYMNTS breaks down the numbers behind the latest cases below.

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Fraud Ohio Indiana Payments 228

Abrigo

AUGUST 19, 2020

Key Takeaways COVID-19-related fraud are not new typologies; they just have a new spin. Adjusting your velocity scenarios can help detect money mule scams and check fraud. . As with any global or regional disaster, illicit actors are taking advantage of the increased pool of possible victims. Spike or Anomaly Scenarios.

Fraud 195

Fraud System Trends Software 195

Abrigo

AUGUST 19, 2020

Key Takeaways BSA officers need to stay aware of emerging fraud trends that are a result of the pandemic. Consider a risk-based lookback for your PPP portfolio to fight fraud. As with any global or regional disaster, illicit actors are taking advantage of the increased pool of possible victims. Spike or Anomaly Scenarios.

Fraud 195

Fraud System Trends Software 195

The Paypers

MAY 2, 2024

The PCI Security Standards Council (SSC) has announced plans to extend its operations to the Middle East, aiming to tackle the growing threat of payment card fraud in the region.

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Fraud Security Payments Regional 36

PYMNTS

MAY 1, 2020

Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program (PPP). Prosecutors decide whom to looking into by watching for rises in Medicare billing in particular regions.

Fraud 178

Fraud Guidelines Regional Analytics 178

PYMNTS

MAY 12, 2020

An internal investigation into alleged fraud at Luckin Coffee Inc. In addition, the company has placed six other employees on suspension or leave due to involvement in or knowledge of the fraud. has led to the firing of several top executives at the Beijing, China-based java giant, the company announced on Tuesday (May 12).

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PYMNTS

NOVEMBER 14, 2019

Birmingham, Alabama-based Regions Bank is one such bank that is taking a digital-first approach as it seeks to remain competitive. PYMNTS recently spoke with Bradley about how Regions Bank is transforming its 1,456 branch locations and the array of technologies it is leveraging to accomplish its innovative goals. A ROSIE future.

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Regional ATM Alabama Video 111

PYMNTS

JANUARY 30, 2020

This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Fraud 107

Fraud Payments Regional Strategy 107

The Paypers

NOVEMBER 29, 2023

Sift has launched its Fraud Industry Benchmarking Resource, a free online tool that allows customers to access fraud metrics across multiple regions and industries.

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Resources Fraud Industry Regional 41

PYMNTS

SEPTEMBER 17, 2019

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

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Fraud Digital Banking Delaware Tools 196

Payments Source

DECEMBER 11, 2019

If your current program incurs a high number of false declines; blocks orders from specific countries or entire regions based on fraud; or blocks deliveries to specific countries or regions for fear of fraud, then that fraud prevention strategy is hindering your sales and growth.

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Fraud Regional Strategy Retail 97

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. FICO Admin. Thu, 12/19/2019 - 16:29. by Alexandre Graff. expand_less Back To Top.

Fraud 52

Fraud Regional CA America 52

American Banker

NOVEMBER 16, 2023

Bancorp, PNC and Comerica say that fraud, regulatory uncertainty, technological challenges and other concerns are making them approach the adoption of real-time payments with caution. The chief executives of U.S.

Regional 85

Regional Payments Fraud Technology 85

PYMNTS

SEPTEMBER 20, 2018

ProfitStars , the Jack Henry & Associates division that provides risk management solutions for financial institutions, announced its latest fraud tool on Wednesday (Sept. According to ProfitStars, more than 2,500 community and regional banks offer online bill payment to their retail and small business clients through iPay Solutions.

Fraud 156

Fraud Online Analytics Tools 156

PYMNTS

JULY 16, 2019

Regional banking firm KeyCorp disclosed a massive instance of fraud on Tuesday (July 16) that could potentially cost $90 million, according to a report by CNBC. In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9.

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Fraud Cleveland Indiana Community 142

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.

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Fraud United States Regional Cards 116

PYMNTS

JULY 2, 2020

As scrutiny over Wirecard and EY continue to grow, a broader debate is seeing a resurgence over what role, if any, auditors play in identifying and preventing corporate fraud. Fraud Concerns Arise. India’s Serious Fraud Investigation Office said both auditors “miserably failed to fulfill the duty entrusted to them.”

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Fraud Report Company Regional 152

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Senior Consultant, Fraud and Financial Crime. Source: FICO European Fraud Map . Darcy Sullivan.

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Fraud Cards Regional Trends 52

PYMNTS

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Regulators in regions such as Europe are changing the ways they look at cross-border transactions. Around the Smarter Payments World.

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Fraud Payments Regulation Security 180

PYMNTS

MARCH 11, 2020

FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide. They also must keep their honest merchant customers protected from fraud. Download the Tracker to read the Feature Story. About The Tracker.

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Fraud Payments Guidelines Regulation 150

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. GUUD has significant operations across Asia, and GUUD executives have publicly announced plans to expand in the region. Revolut Launches Acquiring Solution For Business Customers.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

MARCH 12, 2020

Each sector and country encounters different fraud types that providers must be ready to detect and thwart. In a recent interview with PYMNTS, he discussed tailoring fraud-fighting to merchants’ needs and how attention to local trends primes processors to fight money laundering and misbehavior when taking their operations global. .

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Fraud Analysis Regional Examples 130

FICO

OCTOBER 18, 2022

FICO Fraud Expert Naomi Palmer Wins Women in Credit Award. Naomi Palmer, a fraud consultant at FICO, won silver in the ‘Team Player of the Year’ category. Naomi is an outstanding consultant who has helped clients around the world combat fraud and protect their customers. How FICO Can Help You Improve Your Fraud Programmes.

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Fraud Regional Trends Examples 52

FICO

NOVEMBER 16, 2022

Enterprise Fraud Solution Buyers Want More Agility, More Data. Our recent global survey reveals the investment priorities and functionality requirements for enterprise-level fraud solution buyers. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating.

Fraud 52

Fraud Data Survey Regional 52

PYMNTS

MARCH 8, 2019

Invoice fraud, where emailed requests trick employees of various firms into sending money to scammers’ bank accounts, has been making the rounds in the United Kingdom. firms are vulnerable to that type of fraud. According to research from Santander Business , as much as half of all U.K. Department of Justice.

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Fraud Study San Francisco Denver 149

ATM Marketplace

OCTOBER 23, 2020

ATM Marketplace spoke with Mike Lemberger, senior vice president and regional risk officer for Visa, North America, on ways Visa is helping disrupt fraud before it attacks customer data. This is part two of a two-part series on fraud.

Fraud 83

Fraud How To ATM Regional 83

PYMNTS

FEBRUARY 21, 2018

We allege that BitFunder operated unlawfully as an unregistered securities exchange,” Marc Berger, director of the SEC’s New York regional office, said in the release. Mehraban, associate regional director of the SEC’s New York regional office, said in the release. “We In a parallel criminal case, the U.S.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

APRIL 6, 2020

Add to that $2 trillion in stimulus funds about to flow forward from federal coffers in a variety of forms, and one has a recipe for a fraud outbreak the likes of which the world has never seen. Flattening the Fraud Curve. This is a once-in-a-lifetime target-rich environment for fraudsters,” said U.S. Stopping the Fake Phone Calls.

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Fraud US Cards Data 199

PYMNTS

JANUARY 30, 2019

Wirecard Chief Executive Officer Markus Braun saw his fortune take a hit as shares of his company declined due to a report that alleges fraud at the payments enterprise. Bloomberg reported Braun’s wealth declined $221 million Wednesday (Jan. That sent shares of Wirecard down 13 percent to 145.15

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Fraud Regional Compliance Report 148

ATM Marketplace

OCTOBER 20, 2020

Fraud is something that financial institutes, banks, merchants and consumers regularly battle. ATM Marketplace spoke with Mike Lemberger, senior vice president and regional risk officer for Visa, North America, on ways Visa is helping disrupt fraud when it occurs. This is Part 1 of a two-part series on fraud.

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Fraud Trends ATM Regional 74

Jack Henry

SEPTEMBER 18, 2023

Community and regional banks and credit unions can learn about payments trends in 2023, FedNow, streamlining experiences, reducing fraud and risk, and the future of payments.

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Strategy Payments Regional Fraud 97

PYMNTS

OCTOBER 25, 2017

According to data from the October 2017 Global Fraud Index , a PYMNTS and Signifyd collaboration, account takeover use recently skyrocketed, climbing 45 percent in Q2 2017 alone. billion to the popular fraud technique in only a few months, and that may only be the beginning. percent: increase in total fraud from Q2 2016 to Q2 2017.

Fraud 127

Fraud Study Trends Industry 127

PYMNTS

DECEMBER 6, 2020

GUUD has significant operations across Asia, and GUUD executives have publicly announced plans to expand in the region. GUUD’s solutions will be bolstered by MonetaGo’s Secure Financing platform, which prevents double financing and other types of trade fraud,” the announcement of the new arrangement states.

Security 205

Security Fraud Regional blockchain 205

PYMNTS

NOVEMBER 1, 2016

Hitachi is teaming up with a regional bank in Japan to introduce anti-fraud ATMs. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year. Joyo Bank, a regional lender located north of Tokyo, will begin operating the new anti-fraud ATMs early next year.

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ATM Fraud Mobile Regional 100

PYMNTS

JUNE 19, 2018

Fraud has no choice but to roll with the punches, and the flurries are enough to daze a boxer as skilled as Ali. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. This is the estimate of global card fraud losses by 2020. Pity the poor fraudster. Grab a piece of an ID and blam!

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Fraud Analytics Online Cards 138