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

PYMNTS

NOVEMBER 19, 2019

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. to launch an alternative crypto-enabled payment infrastructure for residents across the region.

blockchain 217

blockchain Puerto Rico Virgin Islands United States 217

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

PYMNTS

JANUARY 23, 2020

MUFG Union Bank is committed to supporting our clients’ movement toward real-time payments in the United States to enhance their experience.”. With immediate settlement, funds can be cashed out in seconds and businesses will see advanced processing, fraud reduction and more. “In in over 40 years, the release noted.

Payments 141

Payments Fraud United States Analytics 141

Abrigo

OCTOBER 31, 2022

26, 2022 , t he Financial Crimes Enforcement Network (FinCEN) reissued its Geographic Targeting Orders (GTOs) to expand its designated United States metropolitan areas. Stay up to the date on emerging fraud trends. Fraud Prevention. FinCEN GTO extended to combat real estate money laundering. GTO overview. BSA Software.

New York City 195

New York City Las Vegas District of Columbia San Antonio 195

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

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. One of the leading factors was that chip technology is extremely effective in reducing counterfeit fraud, which was the leading type of fraud in the U.S. down by 76 percent. at the time.”. More than 2.9

Fraud 133

Fraud Cards United States Regional 133

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. . The company says that over half of Afterpay’s customers in the United States are millennials, aged 25 to 40 years old. Strategies and Tools for Fighting BNPL Fraud.

Fraud 52

Fraud Cards Millennials Utah 52

PYMNTS

OCTOBER 10, 2019

Consumers have noticed the rising levels of fraud in digital banking, and they are not pleased. 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. Synchrony Financial Upgrades Its AML Strategy As Fraud Grows.

Fraud 126

Fraud Digital Banking Strategy Security 126

PYMNTS

MARCH 20, 2020

Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic region, according to Reuters Thursday (March 19). Also, Swedbank is under investigation in the United States.

United States 139

United States Regional Retail Report 139

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. And accurately, he noted, doesn’t just mean they lock out fraud. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

JULY 30, 2019

Within that number, the United States saw 10 percent growth to $486 billion, outpaced by the 14 percent growth seen in the rest of the world. Management said on the call that switched transactions showed double-digit growth across all regions globally. Switched transactions were up 18 percent to 21.4

Conference 129

Conference Regional United States Payments 129

PYMNTS

JULY 17, 2018

in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. In reality, he said, the idea that counterfeit card fraud is 2014’s security problem lacks a fair amount of nuance. Speeding Up Discovery And Recovery. The Push For Scale.

Cards 109

Cards Fraud Regional Training 109

Abrigo

JANUARY 13, 2021

Department of Homeland Security, traffickers might use violence, fraud, manipulation, or false promises of well-paying jobs or romantic relationships to lure victims into some type of labor or commercial sexual act. Department of Homeland Security outlines the following six myths: Human trafficking doesn’t occur in the United States.

Training 195

Training Fraud National United States 195

PYMNTS

JULY 23, 2019

In terms of individual regions, the company saw the highest credit and debit activity in constant dollar volume at 8.9 The recently announced deals adding tokenization also boost network agnostic services and will be integrated with existing suites of tokenization and fraud management offerings. Total cards were up 3 percent to 3.3

United States 185

United States Cards Conference Payments 185

PYMNTS

MAY 29, 2018

Companies based in the United States that contend the directive would be costly, were they to comply — costly to the tune of millions of dollars. The newswire stated the mandate in India may have a ripple effect and may push the needle toward a similar walling in of data. On the other side of the equation? That trio of U.S.

Data 101

Data United States Compliance Cards 101

PYMNTS

APRIL 30, 2020

In the latest Merchants Guide to Navigating Global Payments Regulations, PYMNTS looks at the latest open banking developments in regions like the Asia-Pacific (APAC), the European Union and the United States. How Open Banking And Data Privacy Is Developing In The APAC.

Regulation 188

Regulation Regional Data United States 188

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Mozido’s fintech fraud fiasco. And others disappear forever.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

NOVEMBER 20, 2020

He added that Red Dot’s ties with Temasek , the Singaporean government’s investment fund, also gives the company unique access and insight on a range of regional businesses. While the United States will remain Red Dot’s largest market and focal point, looking east will help diversify revenue and risk.

Capital 192

Capital United States Strategy Conference 192

PYMNTS

OCTOBER 11, 2016

. “PacNet, an international payments processor and money services business, has a lengthy history of money laundering by knowingly processing payments on behalf of a wide range of mail fraud schemes that target victims in the United States and throughout the world,” the Treasury wrote.

United States 100

United States Operations Regional Report 100

PYMNTS

OCTOBER 8, 2019

Three months away from the end of 2019 and the dawn of the 2020s, the state of the credit union is stable, due to a healthy foundation that is already in place, according to Charles E. Beyond the drive to retain and grow membership and tackle faster payments, Fagan said CUs must be ever-vigilant in the fight against fraud. “If

United States 102

United States Millennials Course Lending 102

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Regional Coalitions. Secret Service Electronic Crimes Task Force (ECTF). FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. United States. Blockchain may be shaping up to be a topic left to individual states to handle.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

APRIL 30, 2018

International businesses, he said, are performing “fabulously,” with $500 million in revenue outside the United States, where growth was 14 percent year over year. In addition, GFS was up 6 percent year over year, led in part by revenue from the Europe, Middle East and Africa region, where growth was 5 percent.

Report 100

Report Data United States America 100

PYMNTS

JANUARY 1, 2021

Cross-border online sales in the United States as a share of total eCommerce surged by 40 percent in May compared to the same month in 2019, and the rate of growth was six times higher than in the previous month. The year-over-year increase in cross-border online sales was even more dramatic in other regions.

Trends 259

Trends Video Retail Payments 259

PYMNTS

MARCH 22, 2018

At Mastercard, he created and structured a business where he served as president of Mastercard’s Europe, Middle East, Africa and Canada regions until his appointment as president and CEO. The appointment comes as it was recently revealed that costs from the data breach at Equifax will increase by $275 million in 2018.

Puerto Rico 101

Puerto Rico United States Leadership Data 101

PYMNTS

APRIL 23, 2020

As detailed in that same study, titled “ Payments 2022 : How Platforms Will Use Payments to Transform Global Economies,” 61 percent of the 250 respondents said false positives were a concern, 39 percent cited cost of fraud as a problem, and 14 percent pointed to issuer declines as a top friction factor. Revenue Optimization.

Payments 184

Payments Online Cards United States 184

PYMNTS

JUNE 22, 2017

When most people picture the kinds of fraud and theft eCommerce had a tendency to attract, the popular mental image is of a fairly high-tech enterprise — hackers, crackers and data jackers vacuuming up card information en masse and either selling it to the highest bidder or using it to snag themselves some unearned lucre.

Online 134

Online Fraud Retail Survey 134

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JANUARY 7, 2020

Iran’s options and goals on the geopolitical stage (without taking a deep dive into specific policy issues) should be examined against the backdrop that Iran — like, any number of countries, said Visner — is seeking greater regional influence, and greater international respect and leverage.

National 145

National United States Operations System 145

PYMNTS

SEPTEMBER 30, 2016

Rather, as Verifone CEO Paul Galant told Karen Webster in a recent interview , at that moment, industry, legislative and consumer attention all converged into a perfect storm that made EMV bigger than the card counterfeit fraud it was created to fight. million are local and regional merchants. Hindsight is 20/20.

Fraud 100

Fraud Cards United States Payments 100

PYMNTS

MAY 29, 2020

The lockdown of the United States economy quickly and radically changed the way consumers browsed, shopped and paid for services as well as goods — and not all small and medium-sized businesses (SMBs) were prepared. FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history.

Cards 187

Cards Security United States Technology 187

PYMNTS

JUNE 21, 2016

FireEye’s new CEO, Kevin Mandia, noted that a fair amount of carrot-and-stick went into the negotiation of the bilateral deal, including the significant stick that the United States could impose sanctions on Chinese officials and companies. “They all contributed to a positive result,” Mandia said.

United States 100

United States Security Report Maine 100

PYMNTS

FEBRUARY 23, 2018

Together, the company will operate around 4,350 pharmacy counters and 320 clinics across 38 states and Washington, and will be worth around $83 billion. Meanwhile, Apple’s market share in the region is flat. That comes as 16.7 The X factor proves to be a dud as Apple finds it tough going for the beleaguered phone in Asia.

Retail 116

Retail America Course United States 116

NCR

JANUARY 20, 2017

The leading region for EMV usage in card-present transactions was Europe Zone 1, where 97.6 The shift – after which responsibility for card-present fraud falls on merchants rather than banks – was originally meant to take place in October 2017, but has now been delayed to October 2020. percent) were EMV-compliant.

Cards 40

Cards Regional US United States 40

Banking 2020

OCTOBER 22, 2014

But amidst the reports of one data breach after another, check fraud has remained a constant thorn in the industry’s side, with 82% of U.S. retailers reporting being targeted, and banks suffering an estimated $650 million in losses from deposit account fraud, according to separate reports by AFP and the American Bankers’ Association.

Technology 57

Technology Fraud Security Study 57