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

PYMNTS

MARCH 15, 2018

Startup Emailage stopped almost twice as much potential fraud in 2017 as it did in the previous year. Content marketing manager Chad Koskie broke it down by the numbers: Against the backdrop of $180 billion in transactions running through the system, $1.8 million in potential fraud was prevented, compared to last year’s $1 billion.

Fraud 120

Fraud Regional America Security 120

PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par. Regulators in regions such as Europe are changing the ways they look at cross-border transactions.

Fraud 180

Fraud Payments Regulation Security 180

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

FEBRUARY 21, 2018

In addition, the SEC alleges Montroll and the exchange failed to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins. 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.

Fraud 102

Fraud Bitcoin New York Regional 102

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.

Fraud 52

Fraud Regional Trends Examples 52

PYMNTS

MARCH 12, 2020

Each sector and country encounters different fraud types that providers must be ready to detect and thwart. eWay supports card payments and Ezidebit enables transactions through Australia’s BPAY bill payment system as well as via electronic funds transfer at point of sale (EFTPOS), direct debit and real-time rails. .

Fraud 130

Fraud Analysis Regional Examples 130

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. In terms of individual company news, a former Cisco Systems employee was arrested earlier in the week in San Francisco.

Fraud 149

Fraud Study San Francisco Denver 149

Abrigo

JANUARY 3, 2024

While many think of trade, commerce, and cultural exchange when considering this region, ignoring the undertow of illicit activities is impossible—the border remains a hotspot for drug trafficking, illegal arms trade, human trafficking, and smuggling operations, necessitating vigilant scrutiny and transaction monitoring within the U.S.

United States 221

United States San Antonio Training Fraud 221

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!

Fraud 138

Fraud Analytics Online Cards 138

PYMNTS

JUNE 17, 2020

Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported. In Saudi Arabia, the Islamic Development Bank Group is developing a new blockchain-based smart credit management system.

blockchain 132

blockchain Fraud Indiana Bitcoin 132

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

SEPTEMBER 8, 2022

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The appeal of these banking innovations has also made it a honeypot for fraud. Saxon Shirley.

Fraud 52

Fraud Payments Survey Security 52

FICO

MAY 18, 2023

The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS). Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020.

Fraud 52

Fraud Technology social media Innovation 52

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.

Fraud 115

Fraud Data Tools Management 115

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.

Fraud 49

Fraud Management eBook Compliance 49

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.

Fraud 158

Fraud blockchain System Cards 158

FICO

NOVEMBER 17, 2021

Well, as it happens, FICO is a leader in cobot technologies — we are at the forefront of using human-machine collaboration to fight fraud. If you’ve ever received a fraud alert on your smart phone, you’re likely to be interacting with a cobot. CCS for Fraud is widely used because this cobot is highly effective.

Fraud 59

Fraud Analytics Management Leadership 59

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

PYMNTS

DECEMBER 6, 2020

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls one of the largest in Capital Region history. The actions had gone unnoticed for years.

Fraud 208

Fraud Regional System Report 208

PYMNTS

OCTOBER 6, 2020

Ayoub Jemail has been assigned the role of general manager of business development for the region, the company stated in the announcement on its website. The company stated that it is expanding in the region, seeking new business and also looking to provide more support for existing customers, such as Mashreq Bank.

Fintech 174

Fintech Regional Fraud Meeting 174

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

FEBRUARY 18, 2020

The company provides customers with trust system and identity solutions to aid in the areas of eCommerce and lending, particularly in terms of credibility. The region also experiences some of the highest fraud rates, in both finance and eCommerce. percent, and is expected to be a $102 billion eCommerce market by 2025.

Regional 171

Regional Lending Fraud Maine 171

PYMNTS

JUNE 18, 2018

Emailage , the online fraud prevention startup that uses email addresses to assess risk, announced this week that it’s expanding its geographical footprint and establishing new offices in regions of interest, which has included strategic hires and reappointments. This means that existing customers can also benefit.

Regional 128

Regional Fraud System Tools 128

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 70

Fraud Training Cards Data 70

PYMNTS

JULY 2, 2019

Payments are gaining speed, as is fraud — and sometimes, simple human error is costing companies revenue, precious time or both. Finding fraud before it happens can be akin to finding a needle in a haystack, where detecting suspicious patterns can be a fleeting opportunity. Call them errors made at the speed of commerce.

Payments 175

Payments Fraud System Regional 175

PYMNTS

MARCH 3, 2020

Digital-first transformations can improve personalization and operating efficiencies, but they also bring challenges, including adoption-related costs and new avenues for fraud. Alabama-based Regions Bank deployed advanced ATMs as part of its digital push, replacing human tellers at many of its drive-thrus. million.

ATM 151

ATM Fraud Study Regional 151

FICO

JANUARY 22, 2020

There has been a proliferation of real-time payments fraud, as new near-instant payment platforms, including person-to-person (P2P) transfers and mobile payment platforms grow across Asia Pacific. . We recently conducted a survey with banks in the region and found that 4 out of 5 (78 percent) have seen their fraud losses increase.

Survey 52

Survey Fraud Payments Regional 52

FICO

JANUARY 8, 2020

At long last, fraud and compliance infrastructures are starting to converge. This regulatory pressure is happening in other regions as well. Fraud and Compliance Infrastructures Converge. I predict that in 2020, fraud and compliance functions will converge at many large banking institutions. by Doug Clare.

Compliance 52

Compliance Fraud New York City Analytics 52

PYMNTS

JANUARY 27, 2020

Below, PYMNTS explores the numbers behind the latest cases of B2B payments fraud — from attacks targeting government entities to banks’ struggle in managing the fraud threat from real-time payments. The estimated cost for New Orleans to restore City Hall operations totaled to $7.2

Fraud 178

Fraud Analysis Cards Texas 178

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts.

Fraud 52

Fraud Cards Report Analytics 52

FICO

MARCH 11, 2020

Techniques for thwarting identity theft are ineffective at predicting fraudsters that want to game the system in their own name. 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 is not subscription fraud.

Fraud 52

Fraud Industry Analytics Strategy 52

Abrigo

JULY 22, 2022

Today’s cryptocurrency platforms also offer crypto-backed loans, allowing users to leverage their portfolios as loan collateral in a system similar to securities-based lending. Characteristics of crypto fraud and money-laundering. It is estimated that $2.8 billion was laundered through cryptocurrency in 2019.

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

PYMNTS

JUNE 24, 2020

The Payments Orchestration Playbook notes that, “A payments orchestration layer can serve as an intermediary between a merchant and its various PSPs, while also extending services that support payments analysis, regulatory compliance, cybersecurity [and] anti-fraud protection.”. “By

Payments 130

Payments Regional Analysis Compliance 130

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

Security 214

Security Payments Cards Fraud 214

PYMNTS

FEBRUARY 27, 2020

The Cyber Information and Intelligence Sharing Initiative (CIISI-EU) aims to safeguard the financial system by averting and detecting cyberattacks, facilitating data sharing and good practices, and increasing overall awareness of cybersecurity threats.

Regional 205

Regional System America Security 205

PYMNTS

MAY 20, 2020

The 27 EU member states have their own financial systems, and many have also implemented their own domestic real-time payments rails. Making cross-border payments in the EU therefore requires interconnectivity between the regions’ various real-time payments rails.

Payments 210

Payments Guidelines Regional Strategy 210