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Stopping Fraudsters From Taking The Travel Industry For An $11B Ride

PYMNTS

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. Users who clicked the links would see their computers infected with viruses. How Emerging Travel Group Is Using AI To Weather Fraud-Related Turbulence.

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Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure

PYMNTS

Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report.

Security 133
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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. economy is most likely approximately six weeks away if China’s COVID-19 experience is any guide. Most reports put the country in its first steps of recovery. .

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Instagram’s High-Fashion Fakes Problem

PYMNTS

Particularly popular, according to the report, are Louis Vuitton, Chanel, Gucci, Nike, Fendi and Balenciaga-branded items. And counterfeit Instagrammers, according to the report, are a very active group. And, according to the 2018 Global Brand Counterfeiting Report , luxury fashion brands are a favored target.

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Inventor Of The Web, Tim Berners-Lee, Wants To Take It Back

PYMNTS

— about online privacy and data storage, Tim Berners-Lee has a plan to “decentralize the web and take back power from the forces that have profited from centralizing it,” according to a report. Users of the technology could use apps that are based on the Solid technology, which are reportedly a work in progress.

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Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

It is also, according to reports, a favored new method by thieves, who will access someone else’s credit card information, use it to create a Fortnite account and then buy V-bucks, the game’s currency. And an estimated 86 percent of the scams were shared via social media platforms such as Facebook, Instagram and Twitter.

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The Best Opportunities for Retail Banks to Improve Customer Experience

Cisco

The potential cost of a poor user experience for mobile banking is high. Of those that abandoned at least one mobile activity, 31% shared their negative experience with a friend or family member, opened an account at another financial institution, filed a complaint, or discontinued their relationship. And when it isn’t?