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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. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

Industry 225
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Trending: Meeting The Millennial Need For AI-Powered Visual Shopping

PYMNTS

In the August edition of the Payments And The Platform Economy Playbook , PYMNTS examines how marketplaces are using technologies such as artificial intelligence (AI) and mobile payments to innovate the customer experience. This is one of the ways that platforms are working with AI tools to differentiate themselves from their competition.

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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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How Online Universities Take Fraudsters To School

PYMNTS

When it comes to authentication, customers largely prioritize convenience over safety, exposing them to fraud, and putting pressure on merchants and financial institutions (FIs) to offer convenient user experiences without compromising security. Find the feature story in the Tracker. About the Tracker.

Online 145
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Consumers Want More Banking App Control — Will FIs Step Up?

PYMNTS

The drive toward frictionless but secure consumer experiences in other parts of the economy is also leading consumers to expect more from their financial institutions. Whether via eCommerce shopping or retail loyalty programs, consumers are getting used to increasingly personalized experiences. “We That’s not all.

Mobile 137
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Compliance As Core Competency

PYMNTS

In an interview with Karen Webster, Karen Redwood, vice president of global payments at WePay, stated that in girding the firm and its stakeholders against the risk of fraud, “we put the experience first, and we have some principles around how we want to design [the experience].” She noted that WePay exists “behind the scenes.…

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AutoGPT Will Change Your Bank

South State Correspondent

We have played with this “AI agent” for the past two weeks and can report that it will be a must-have tool to be included in any generative AI initiative. Imagine an experience where customers and employees can get a 1:1 concierge service via a generative AI-driven chatbot. Banks can offer AI agents that do more than banking.