PYMNTS

SEPTEMBER 28, 2017

But in the world of identification fraud, there’s a greater sea change afoot, one that stretches farther than the impact on any one firm, or even the millions of adults targeted in the most brazen of breaches. All too often, Barnhardt said, companies confuse “true name” fraud – account takeovers – with synthetic identity fraud.

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FICO

MAY 20, 2021

I’m very pleased to announce the release of the FICO® Falcon® Fraud Manager Retail Banking Consumer v3.0 model, which adds a Scam Detection Score to Falcon’s existing third-party fraud detection score for retail banking transfers. How Scams Differ from Third-Party Fraudulent Transfers. Humans are creatures of habit.

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PYMNTS

DECEMBER 12, 2019

Shopin planned to use the funds to compile profiles on shoppers that would be maintained on the blockchain and track purchase histories across online retailers. Cybercriminals that commit payment fraud with banking and money transfer apps like Tikkie can face one to four years in prison.

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Bitcoin Fraud Regulation social media 131

PYMNTS

JULY 24, 2020

We have deep dives into opening banking, synthetic ID fraud and supplemental jobless benefits. . Salesforce has grown its Order Management products such as the function for firms to allow eCommerce shoppers finish transactions without exiting social media platforms. Salesforce Boosts Payments Capabilities For Users.

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FICO

NOVEMBER 22, 2021

Not to mention, the window for fraud has grown because retail events kicked off in October to counter concerns about supply chains and logistics. Growth in e-Commerce has Seen Fraud Surge. The fraud problem has gone viral. Three-quarters of retailers across the U.K., million fraud reports from consumers.

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PYMNTS

JANUARY 22, 2020

For retailers, nothing really ever comes easy — and things aren’t getting any easier, at least when it involves gaining and retaining customers. Indeed, as the recently completed National Retail Federation (NRF) retail show in New York City demonstrated, commerce keeps moving to what Webster called in the webinar a “customer-centric approach.”

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PYMNTS

NOVEMBER 12, 2020

Luxury product rip-off artists and their social media accomplices beware: Amazon is coming after you. The pair then used social media sites like TikTok and Instagram to promote the counterfeit products. Amazon on Thursday (Nov. Amazon on Thursday (Nov. District Court for the Western District of Washington.

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social media Washington Video Retail 132

PYMNTS

NOVEMBER 27, 2019

The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly, are also taking notice and are looking to take advantage of heightened retail activity to steal data and goods. Around The Digital Fraud World. The city of Philadelphia, Pa.,

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PYMNTS

JUNE 21, 2019

In the latest edition of the PYMNTS weekender, coverage includes the latest about PayPal and Google’s views about bank charters, a deep, analytical dive into Facebook’s new payments idea, a look at the new rise of pet retail and other stories you might have missed or simply want to review. Why Pets Are Pulling Retail Innovation’s Leash.

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PYMNTS

SEPTEMBER 22, 2020

Plus, retailers face a supply shortage approaching the holiday season. are racing to download the Chinese multi-purpose video, messaging, social media and mobile payment app. Retailers Face Supply/Demand Shortfalls This Holiday Season. retailers during the holiday shopping season. WeChat users in the U.S.

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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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PYMNTS

FEBRUARY 20, 2018

When most people hear about online fraud, they tend to think about what Noa Kalechstain, Riskified ’s head of chargeback recovery, calls “classic fraud,” she explained in a recent conversation with PYMNTS. It has attained the status of “classic” because fraud using stolen financials is the most prevalent type.

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Fraud Cards social media System 112

PYMNTS

AUGUST 10, 2020

DOJ Charges 14 With $28M In PPP Fraud. What Overcoming Inertia Tells Us About The Future of Physical Retail. Physical retail was broken long before the pandemic accelerated its decline. This is the summer of discontent for Chinese social media giant TikTok. Now, that they have, she says there’s no turning back.

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Minneapolis Minnesota social media Payments 241

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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PYMNTS

JUNE 14, 2019

However, in the 2019 Retail Banking Report, a study by Reputation.com that analyzed online data relating to retail banking locations for 23 major U.S. The study came up with Reputation Scores, measured on a scale of 100 to 1,000, based on online reviews, accurate listings, social media, search results and customer engagement.

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Retail Study Online Mobile 103

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

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Survey Fraud Digital Banking social media 52

The Paypers

JULY 22, 2016

(The Paypers) A report from payment processing company Worldpay has explored how social media activities could be used as a powerful tool for identity verification and fraud prevention.

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social media Tools Online Retail 28

PYMNTS

JUNE 20, 2017

FindFace started as a futuristic social technology for identifying strangers by scanning their faces with a smartphone camera. Two years later, the facial recognition technology is the best in the world (yep, even better than Google’s) and is being used for public safety, law enforcement and fraud prevention through cybersecurity.

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PYMNTS

MARCH 21, 2019

The uptick in fraud comes as banks wrestle with fighting data breaches, some of which are high-profile and are shaking consumers’ confidence. The report also found that in 2018, there was an increase in traditional unauthorized fraud, in which customers are tricked into transferring money to criminals.

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Accenture

OCTOBER 3, 2017

Based on this survey of over 2,000 consumers, it’s clear that online retailers, tech firms and social-media players face an uphill battle to convince consumers to allow them access to their financial data. Trust in online platforms and social-media companies as providers of payments services is low. So why not?

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PYMNTS

JANUARY 25, 2021

Yitz Mendlowitz, founder and CEO of PAAY , shares his insights on how the pandemic has impacted small businesses, and what they should do in the year ahead to prevent fraud and survive in the new digital economy. With an effective fraud prevention solution, businesses can successfully adapt. retailers incur $3.13

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PYMNTS

OCTOBER 30, 2020

Card-skimming devices hidden on gas station card readers or carefully integrated into ATMs used to be especially troubling for merchants and consumers, but retailers and financial institutions (FIs) have stepped up their measures to protect physical card readers in recent years. Safeguarding Card Details.

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FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

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PYMNTS

JULY 23, 2018

Say someone is on the beach, perhaps leafing through a long-neglected stack of The New Yorker (oh, c’mon, they’re just looking at the cartoons), why worry about something as abstract as synthetic identity fraud? Email and phone are the primary means by which the individual communicates with a financial institution (FI) or retailer, he stated.

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NCR

JULY 31, 2017

As we explored in the first part of this two-part guide, digital banking fraud is an escalating threat to financial institutions and their customers. Digital banking fraud can take many forms, such as identity fraud and account takeover , which are becoming increasingly common. million in 2016. million in 2016.

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Fraud Digital Banking social media Security 74

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. About the Tracker.

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Strategy social media Regulation Retail 188

PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

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PYMNTS

FEBRUARY 13, 2019

But merchants need to keep an eye on fraud, even as they endeavor to keep the (digital) wheels of commerce humming. Fighting fraud takes teamwork – a set of brains and eyes (several of them) working in tandem with technology to stop the bad guys in their tracks. Data: Six in 10: Share of shoppers who shop contextually.

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social media Fraud Google Data 108

FICO

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud.

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PYMNTS

AUGUST 23, 2019

Online marketplaces for everything from retail goods to travel services to hospitality need to ensure a quick and easy way for both buyers and sellers to transact with each other— or risk losing both sides to a waiting host of competitors. Fraud remains an ever-present challenge, however, and marketplaces worldwide are deploying new defenses.

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PYMNTS

NOVEMBER 26, 2020

This method is not without frictions, however, which are giving some businesses — especially retailers — pause. . Social media, financial and email platforms have been relatively quick to adopt 2FA measures that leverage phone-based verification, but the retail sector has been slow to embrace the technology.

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PYMNTS

DECEMBER 3, 2019

These bad actors often take advantage of the chaos to steal credit cards, scam merchants and wreak other types of retail havoc. This type of fraud covers for cybercriminals by tricking unsuspecting consumers into believing that they have landed lucrative work opportunities when they are actually participating in criminal enterprises.

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Payments Source

AUGUST 14, 2017

Companies involved in content sharing or social media are seeing fraudsters try to create new accounts for their sites with fake credentials through bot attacks.

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social media Fraud Company Retail 62

PYMNTS

JANUARY 28, 2019

That stemmed from the recent Davos conference in Switzerland, where the world’s elite talked a lot about trust — more specifically, the decreasing levels of trust that the general public has for public institutions, social media, big tech and companies in general (but, apparently, not individual employers). How to Trust?

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PYMNTS

NOVEMBER 12, 2018

Social media posts show that some former employees, who left the company months ago, have also received notification letters. The retailer isn’t the first to be hit with a breach. Employees who may not have regular access to corporate email accounts were being notified by their managers at work.

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PYMNTS

JANUARY 14, 2021

Maintaining consumers’ correct address information is vital to entities such as retailers and banks. Location, Location, Location: How Location Data Can Help Banks Prevent Online Fraud , a study by PYMNTS and GeoGuard , found that 55 percent of U.S. consumers — 138 million — share location data with at least one app.

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NCR

MAY 19, 2017

A new report has emphasized the need for banks to redouble their efforts when it comes to fighting fraud, after it found the number of account takeovers in the UK saw a major rise over the last 12 months. The post Survey shows account takeover fraud on the rise appeared first on Banking.com.

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