PYMNTS

JUNE 14, 2018

But of course, for our purposes, the focus is on payments – and here there are investigations, too, specifically into expense account fraud. Bloomberg reports that the bank is looking into fraud that may have occurred at investment banking and private banking units across Africa, Asia and the Middle East.

Fraud 103

Fraud North Carolina Policies Survey 103

PYMNTS

MARCH 3, 2020

A recent study found that 75 percent of this generation’s members visit financial institutions (FIs) at least once per month. Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. million.

ATM 151

ATM Fraud Study Regional 151

FICO

FEBRUARY 9, 2022

This shift has created significant opportunities for local banks, however with this growth comes the inevitable threat of increased fraud, exacerbated by the Covid pandemic and the explosion in ecommerce and card-not-present fraud. Expansion Brings Fraud Challenges.

Fraud 52

Fraud Cards Analytics System 52

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.)

Fraud 52

Fraud Cards ATM Groups 52

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.

Fraud 231

Fraud Security Payments United States 231

Abrigo

AUGUST 22, 2019

One option that makes it easy for BSA officers to complete required training is to attend regional meetings. For example, Abrigo is hosting regional seminars in six cities across the U.S. Cost for these regional meetings is $100, and dates and locations are: Sept. Fraud Prevention. between September and January.

Training 150

Training Las Vegas Alabama Minneapolis 150

PYMNTS

NOVEMBER 3, 2020

Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. Eighty-one percent of consumers in one recent study said that trusting brands was a major factor in determining whether they would interact with them, for example. and the EU.

Study 192

Study Data Regulation Digital Banking 192

PYMNTS

JANUARY 14, 2020

The subscription business is also contending with the twin challenges of fraud and subscriber churn, forcing companies to increasingly turn to high-tech fraud-busting solutions to entice and keep subscribers. Subscription providers are also looking to expand into new regions. The fitness subscription app, now worth $536.4

Data 131

Data Fraud United States Examples 131

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.

United States 151

United States US National Fraud 151

PYMNTS

FEBRUARY 4, 2020

Numerous regions then announced internal deadlines for compliance that often diverged from their neighbors’ deadlines. and other countries in the latter camp scrutinized the potential for fraud growth under Open Banking, and questioned SCA ’s range, pointing out weaknesses that fraudsters could exploit via mandated API-connected platforms.

Fraud 144

Fraud Regulation Compliance Innovation 144

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.

Alabama 228

Alabama Meeting Fraud Trends 228

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.

Online 151

Online Report Payments Regulation 151

PYMNTS

NOVEMBER 9, 2018

Carlson Wagonlit Travel has debuted a study that shows that as many as 46 percent of American and European business travelers have said they used company cards to make personal transactions. In the Asia-Pacific region, that tally stands at about 38 percent. Faster Payments/Faster Fraud in the UK? Fraud Down Under.

Cards 150

Cards Fraud Policies Ohio 150

PYMNTS

APRIL 10, 2019

About 83 percent of all fraudulent transactions were to banks in the Asia-Pacific region, and the lenders targeted were in countries that are considered highly corrupt, including Tajikistan, Mozambique and Afghanistan. The higher the value of the instruction, the higher the risk of triggering fraud-detection systems,” SWIFT said in the study.

Fraud 183

Fraud Groups Regional Study 183

PYMNTS

MARCH 11, 2016

MPD CEO Karen Webster recently hosted a live digital discussion with Martin Schrimpff, Co-Founder of PayU , during which they addressed the necessity for a unique approach to payments in the region, and how to turn challenges into opportunities across the continent. In Brazil, 80 percent of all transactions involve installments.

America 100

America Payments Fraud Case Study 100

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. In fact, one recent study found that 71.2 Financial institutions (FIs) need to keep watch for newer schemes as they seek to prevent different forms of fraud, such as money laundering, on their online platforms.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

DECEMBER 23, 2020

The freelance market is also expanding in Europe, with one study indicating that gig economy workers conduct approximately 20 percent to 30 percent of all jobs in the region. ad hoc workers in a separate study reported that they lose roughly 10 percent of their incomes in fees when they accept credit card payments.

Payments 270

Payments Study Examples Report 270

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. The Data Privacy Twist .

Regulation 175

Regulation Data Regional Examples 175

FICO

AUGUST 6, 2018

Fraud departments must juggle fighting financial crime with providing customers with an excellent experience – at the same time they must improve efficiency and drive down costs. What they do when fraud and security causes inconvenience. What the fraud department can do to improve customer satisfaction.

Policies 45

Policies Fraud Security Survey 45

PYMNTS

SEPTEMBER 26, 2018

The study noted that there are some regional differences, as 77.8 percent of firms in the Asia Pacific region were fully PCI compliant, far outpacing the 46.4 The study noted that there are some regional differences, as 77.8 percent of firms in the Asia Pacific region were fully PCI compliant, far outpacing the 46.4

Compliance 134

Compliance Regional America Survey 134

PYMNTS

NOVEMBER 24, 2019

In addition, North America is the most expensive location for an SMB to suffer a data breach compared to all seven regions in the study. The company found that in 2018, breaches cost a company $1.23 million on average for enterprises. That is 24 percent higher than in 2017. SMBs in the U.S.

Data 203

Data Mobile Security Regional 203

PYMNTS

OCTOBER 21, 2020

The newest version brings together tank capacity, in-the-moment truck location and tank-level information into the fuel card authorization flow to assist in preventing monetary losses connected with driver theft and card fraud. The news comes as an SAP Concur study determined that the Asia Pacific region could encounter as much as $21.5

Cards 130

Cards Innovation Management Fraud 130

FICO

JUNE 9, 2016

Millennials reward positive fraud outcomes. FICO’s latest research on consumer banking trends has revealed that 22% of US consumers will close an account after a fraud incident, while 29% of Millennials will close all accounts with that bank. 25% of Millennials will write a negative post on social media about a fraud incident.

Millennials 40

Millennials Fraud social media Survey 40

PYMNTS

AUGUST 11, 2020

Merchants and other online services must be sure these processes are also secure, however, especially as fraud attempts have continued to climb. Many of these digital shoppers are now also weighing the security of this experience as top priority when they go to shop at new online retailers, according to one recent study.

Report 247

Report Guam Hawaii Security 247

PYMNTS

MAY 23, 2018

A February 2018 study from the Federal Reserve Bank of Minneapolis found that 75 percent of American financial institutions incurred losses due to fraud last year. Governments and regulators around the world are also stepping into the fight against fraud. DPAs Prepare for Looming GDPR Deadline .

Trends 125

Trends Strategy Minneapolis Fraud 125

PYMNTS

SEPTEMBER 30, 2019

Study: More People Fall Prey To Fraudsters Online Than By Phone. A new study shows that social media and online marketplace scams are much more successful than phone scams. The Nasdaq stock exchange is tightening restrictions and making approvals more difficult for Chinese companies.

social media 100

social media Apple Study Payments 100

PYMNTS

OCTOBER 9, 2019

The company matches freelance writers and translators — he described UReed as a one-stop-shop for linguistic needs — and has a focus on the Middle Eastern and North Africa region (MENA). The reliance on cash in many of the markets served by UReed, Alhassan said. Indeed, cash-on-delivery remains a popular option for digital consumers.

Regional 122

Regional Trends Cards Millennials 122

PYMNTS

JULY 19, 2019

Payroll Fraud Could Cost KeyCorp $90M. Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The company said in a K-8 filing that the fraud involved a “business customer” and that it was discovered “on or about” July 9.

Cleveland 128

Cleveland social media Fraud Google 128

PYMNTS

DECEMBER 27, 2016

The world of global payments is evolving rapidly — driven by an increasingly global economy, expanding consumer buying power in regions like Asia and South America, rising adoption of digital payment methods and increasing concerns over security and transparency. Over 1 million international students studied at U.S.

Payments 113

Payments eBook Regional Study 113

PYMNTS

JULY 3, 2018

Ahead of its global expansion, Tipalti conducted a study to find out. After four years of growing its presence in the Salt Lake region, AvidXchange has moved into a new facility — part of a $35 million investment it’s making in its West Coast base of operations. What holds companies back from going global? AvidXchange.

National 101

National Charlotte Regional Operations 101

PYMNTS

DECEMBER 31, 2020

One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Regional banks with $100 million to $250 billion in assets were likely to be in the process of adopting the rail or considering doing so.

Payments 168

Payments Resources Survey Examples 168

PYMNTS

MAY 2, 2016

The Asia-Pacific region, however, is hot on its heels, with rapid growth forecasted for this time period. 240 million is lost to invoice fraud a year by businesses in the U.K., 78% of SMEs don’t take on financing because of the risk , according to a new study from Wesleyan Bank. That value represents a 23.5

Lending 100

Lending Security Fraud Regional 100

PYMNTS

DECEMBER 4, 2017

Phone data was already on file and used for digital identity verification, but Emailage is now also studying mobile IP address, phone ownership, service carrier and the location where the device is typically used to determine whether a transaction may be fraudulent. Jewel Paymentech.

Payments 112

Payments Risk Management Data Branding 112

PYMNTS

JANUARY 14, 2021

The move, according to Andy Street , mayor of the West Midlands, where the new bank will operate, says the addition will be a great boost for the region’s economy and will play an important role in supporting local businesses. The Visa study is validated by PYMNTS research that shows consumers' use of BOPIS and contactless payments.

Tools 180

Tools Operations Payments Meeting 180

PYMNTS

AUGUST 31, 2018

Blindsight is the name of a team of engineering students that formed at Dublin High School in the East Bay region of Northern California. Vocal cues and other sensory signals that are part of Visa payment technology all work to prevent fraud by, for instance, confirming that the user is at the location where the transaction is taking place.

Payments 171

Payments San Francisco California Technology 171

PYMNTS

JULY 14, 2017

Two-thirds of German hospitals have suffered cyberattacks, hospital directors and chief executives admitted in a recent Roland Berger study. Kenya, ranked third in the region, provides a good example of co-operation through its National Kenya Computer Incident Response Team Coordination Centre (National KECIRT/CC),” said ITU.

Operations 118

Operations Study social media Security 118

FICO

MARCH 18, 2020

With acceptance of biometrics becoming mainstream, and the need for fraud protection ever front of mind, how can banks use biometrics in order to be more effective and efficient? Fraud—do you need to change your approach to thwart a change or increase in attacks. Intelligent Orchestration of Multi-Factor Authentication.

Fraud 52

Fraud Analytics Samsung Comparison 52