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

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

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

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. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions.

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Fraud Data Survey Regional 52

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

PYMNTS

SEPTEMBER 17, 2020

which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. “As As alleged in our complaint, Rogas falsely presented NS8 as a successful business by fabricating revenue figures and providing them to investors,” SEC Denver Regional Office Director Kurt L.

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FICO

MAY 18, 2023

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

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Fraud Technology social media Innovation 52

PYMNTS

AUGUST 30, 2016

In just the last four quarters, fraud attacks have jumped by 137 percent, affecting over $7 out of every $100 made in retail sales. If that weren’t troubling enough, merchants are now being forced to bend over backwards to combat alarming levels of fraud originating outside the U.S. The Fraud Index reports this in several ways.

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Fraud Trends Training Regional 115

PYMNTS

OCTOBER 22, 2018

Consumers have more retail modes than ever before, in more regions of the world – and a greater ability to expand and customize their commerce activities. million: The number of fraud crimes in the U.S. million: The number of smart vending machines forecast to be online in the Asia Pacific Region.

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Data Regional Fraud Course 182

PYMNTS

JUNE 15, 2017

Can data make all the difference in the fight against payments fraud? The discussion played off the findings of a new whitepaper from the firm titled, “Driving Up Conversion with Effective Fraud Management.”. What works in preventing payments fraud at a large airline or telco system may not be germane for an electronics retailer.

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Fraud Data Tools Management 115

PYMNTS

APRIL 19, 2016

The Global Fraud Index, a PYMNTS and Forter collaboration , shows that online fraud attacks have jumped by 11 percent since the shift. Digital goods retailers have suffered the worst of all as those merchants (think games, songs, movies) have seen a more than 300 percent increase in fraud attacks since the liability shift.

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Fraud Online Trends Regional 100

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Learn from Fraud-Fighting Superstars. What’s great about virtual conferences is that you can register , today, to attend.

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Customer Experience Fraud Strategy Compliance 59

PYMNTS

SEPTEMBER 13, 2016

In reference to fraud — the very activity that the cards are designed to thwart — Mastercard stated that fraud data shows a 54 percent decrease in counterfeit fraud costs at retailers who have either completed or are close to completing EMV transitions, as measured between April 2015 and April 2016.

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Fraud Cards Customer Experience Regional 100

PYMNTS

MARCH 11, 2020

Global Payments: Taking a Localized Approach to Fighting Fraud. Different social norms and customer-merchant expectations impact what fraud looks like in a given region, explains Dan Sketcher, head of product for Global Payments’ AU/NZ region. and new openings scheduled.

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Payments Fraud Regional Digital Banking 140

PYMNTS

JUNE 3, 2020

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors. ”

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America Regional Fraud Mobile 248

PYMNTS

OCTOBER 31, 2016

With fraud expected to hit $7.2 billion by 2020, companies — particularly eCommerce retailers — are considering mobile and online innovations in payments and IoT security technology to help thwart cyberattacks. According to LexisNexis research, card-not-present fraud losses alone are forecasted to increase by $3.2

Fraud 100

Fraud Security Retail Mobile 100

FICO

SEPTEMBER 12, 2019

A new independent survey by research firm Ovum has found that banks in multiple regions plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines — but not all at the same speed. said TJ Horan, vice president of fraud solutions at FICO. by FICO.

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Fraud Management eBook Compliance 49

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. This motivates many that offer BNPL schemes to lure customers onboard with more frictionless journeys, better offers, and ultimately, the potential of accepting more risk of fraud. The Options.

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Fraud Payments Retail Cards 52

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. and Europe.

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Fraud Cards Retail Security 131

FICO

MARCH 18, 2020

In that blog I introduced FICO’s patented Multi-Layered Self-Calibrating (MLSC) fraud model , which we have successfully deployed to overcome regional- and usage-specific variations in normal prepaid card spending behaviors, and find more prepaid card fraud. Prepaid models US Prepaid and GIM Prepaid 1.0 Graph is log-scaled.)

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Fraud Cards ATM Groups 52

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. . BNPL providers lay out the money for consumer purchases so that retailers are paid in full upfront. Strategies and Tools for Fighting BNPL Fraud. A BNPL Primer. In the U.S.,

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Fraud Cards Millennials Utah 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. Related scams have also been on the rise.

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Fraud Management Data Trends 52

PYMNTS

MAY 30, 2016

It’s also a good theme for taking a look at the news of last week, namely MasterCard fueling a robot-inspired automated restaurant future, Wells Fargo mobilizing payments and a communal approach to preventing payments fraud. Sharing data is the first step toward true fraud prevention , he emphasized. MasterCard Automates With Pepper.

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Retail Fraud Mobile Data 100

PYMNTS

OCTOBER 28, 2016

Iovation also delved into the fraud protection area, launching a machine-learning solution that the company claims will help businesses anticipate what transactions will be riskier than others. Retailers are very concerned when new technology is introduced and offered to consumers,” he said.

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Fraud Security Retail Samsung 100

PYMNTS

SEPTEMBER 28, 2020

One area where the pandemic may significantly impact emerging data protection and open banking rules is the Middle East and North African region (MENA). The ongoing pandemic has caused many regulators in the MENA region to examine the digital and open banking infrastructure they have in place. Around The Data Protection World.

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Online Report Payments Regulation 151

PYMNTS

NOVEMBER 6, 2018

NCR makes a fraud prevention move, Airbnb landlords get a hefty fine, Amazon does a split take and a transit startup lands a big investment. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region. NCR Buys StopLift To Prevent Retail Fraud.

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Taxes New York City Dallas Virginia 108

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime. IntSights reported that there were 453.7

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America cryptocurrency Regional ATM 217

PYMNTS

JUNE 2, 2017

Online fraud falls — a LOT: Contrary to popular opinion — and perhaps contrary even to logic — the fraud fight has given a round to the good guys, even if the battle is far from over. Online fraud is down 34 percent, overall, at the end of Q1 2017 versus a year ago. percent annually through 2020, to top $8.1 trillion that year.

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Fraud Conference Online Samsung 109

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.

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Fraud Survey Regional Cards 40

PYMNTS

JULY 16, 2019

As such, the European Banking Authority (EBA) has announced extensions for retailers that may require more time to comply. These extensions will only be granted to a select few retailers, however. Deep Dive: Retailers Brace For SCA’s Downsides. The company will address these allegations in Austrian court. About the Tracker.

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Strategy social media Regulation Retail 188

PYMNTS

SEPTEMBER 13, 2016

Mastercard reports that banks, consumers and merchants are all experiencing a positive impact and a drop in fraud from the use of chip cards. million are regional and local locations. However, larger merchants that have not yet adopted EMV have seen their counterfeit fraud costs rise by almost 80 percent.

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Data Fraud Regional Cards 100

PYMNTS

DECEMBER 9, 2020

XREX says in the post that it has seen meaningful adoption among international MyXchange alpha testers such as MTOs and retailers in the Middle East, Africa and India. GUUD has sizable operations throughout Asia, and GUUD leaders have publicly announced intentions to grow in the region. as the FATF Travel Rule solution.

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blockchain Security cryptocurrency Regional 175

PYMNTS

MAY 8, 2020

That existential pivot, as it might be called, could be seen as early as January and February when Jaques said that — beginning in Asia and then beyond that region — the momentum continued to move from offline to online. That was fine for eCommerce firms that already were transacting in bits and bytes. Gearing Up For Fraudsters.

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Cards Fraud Online Operations 260

PYMNTS

NOVEMBER 1, 2017

Most of those gains, however, were lost later in the day following Mastercard’s separate announcement of a potential regulatory fine from the European Commission over its inter-regional interchange fees. Security was also a starring player, as some analysts were curious about how Banga felt the Equifax breach has impacted the card business.

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Retail Cards Security Branding 112

PYMNTS

JANUARY 21, 2021

Financial institutions (FIs), FinTechs and other businesses that are looking to enable these rapid payments must therefore ensure that their security and fraud-fighting approaches are up to the challenge. The Deep Dive examines the various fraud schemes threatening these apps as well as how providers are working to strike back.

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Fraud Security Payments United States 231

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. The challenges faced by merchants, banks, FinTech firms, retailers and other players looking to expand globally are also creating a market for potential solutions to their KYC and AML needs.

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How To blockchain Compliance Regional 170

PYMNTS

FEBRUARY 23, 2018

wherever Walmart cuts prices (and after all, they are within 15 minutes of 90 percent of American consumers), prices in the area continue to drop as retailers race to undercut Walmart. But for the American customer contemplating a grocery run this weekend, it’s a sizzling time as scores of retailers are trying their best to woo them.

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