PYMNTS

APRIL 13, 2020

Into that environment, the $350 billion in Paycheck Protection Program (PPP) funds represents more than simply an infusion of cash for small- to medium-sized businesses (SMBs). DataVisor has seen the fraud emails trickle in already — and some of them are very clever. The process is slow, and denials are common.

Security 168

Security Fraud System Course 168

PYMNTS

NOVEMBER 22, 2019

The company’s platform supports U.S. We certainly don’t want a business traveler coming in for an important set of meetings to walk in and realize that that property is not actually legitimately owned by that host, so that’s obviously one of the first things that we look for and validate,” he said. “We

Fraud 145

Fraud Security Groups Marketing 145

PYMNTS

JANUARY 9, 2020

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. The biggest obstacle is that the major card networks are setting the standards for how payment networks operate, Martz said.

Fraud 131

Fraud Cards Retail Security 131

Abrigo

OCTOBER 21, 2019

We are seeing banks moving to the cloud for a number of services ranging from core processing to lending. While this is not directly related to cybersecurity controls, it is imperative to acquire the necessary assurances that the vendor you are working with will be around in the long run. Know how many parties are involved.

Risk Management 150

Risk Management Management Lending Fraud 150

PYMNTS

OCTOBER 31, 2019

However, as connected technologies offer new linking opportunities for consumers and retailers, online merchants are facing new adversaries in the fight against fraud. According to the firm’s general counsel, Nathan Garnett, the marketplace relies on both machine learning and human analysts to improve its anti-fraud responses.

Fraud 100

Fraud Retail Online Meeting 100

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

Analytics 116

Analytics Fraud Innovation Industry 116

PYMNTS

OCTOBER 4, 2019

This week’s coverage includes a deep dive into a big potential misstep for Apple, woes at Goldman’s Marcus, a new Visa expansion effort and a look at how Google Maps can predict the future of payments. Instant Payments Are Here — How To Measure The ROI …. Chase On Using Machine Learning To Crack Fraud’s Goldilocks Conundrum.

Fraud 108

Fraud Google Apple Chicago 108

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

FEBRUARY 16, 2022

FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . Unsurprisingly, we found that most consumers globally will either increase or continue digital-first banking. Read below to review some of our key findings.

Survey 52

Survey Fraud US Customer Experience 52

FICO

FEBRUARY 16, 2022

FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . Unsurprisingly, we found that most consumers globally will either increase or continue digital-first banking. Read below to review some of our key findings.

Survey 52

Survey Fraud US Customer Experience 52

Abrigo

JANUARY 11, 2021

Plus what waiting lenders can do The latest round of the Paycheck Protection Program began with a head start for institutions aiding low-income areas. You might also like this whitepaper: "Beyond PPP: How Savvy Financial Institutions Can Propel Growth and Profitability with Technology" DOWNLOAD/WATCH.

Lending 195

Lending Community Community Bank San Francisco 195

PYMNTS

DECEMBER 20, 2019

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything — with the latest in payments and commerce news. We have a deep, data-supported dive on fighting fraud with artificial intelligence (AI), an outlook on seven 2020 trendlines and news on gas station cyberattacks.

Fraud 100

Fraud Trends Payments Retail 100

PYMNTS

JUNE 5, 2020

Open banking-facilitated apps can offer tailored support, reducing the need for in-person services. FIs must be careful not to lower their fraud-fighting standards in their pursuit of open banking and be selective about the entities they allow in. We need to manage risk appropriately, but open banking is a good thing,” Davies said.

Security 174

Security Fintech Data Fraud 174

PYMNTS

APRIL 7, 2017

Today, APIs have become a popular way for banks to share this financial data with other services and have given rise to more possibilities for FinTechs in how they meet their customers’ needs — and more debate about the security of such facilitated information-sharing.

Data 191

Data Technology Security Tools 191

PYMNTS

JULY 27, 2020

Synthetic ID fraud can be especially hard to spot. Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Where Standard ID Verification Falls Short.

Data 146

Data Fraud US social media 146

PYMNTS

OCTOBER 22, 2018

A sense of control and security goes a long way toward building confidence, and that’s especially true in payments and commerce. According to a statement, Ondot has “secured a strategic funding investment” from Citi Ventures that will help Ondot expand internationally and develop products. Security Desire.

Mobile 173

Mobile Payments Security Fraud 173

PYMNTS

JUNE 26, 2019

Anti-money laundering, data security, mobile/digital payments, fraud-fighting and payment tech rounded out the top five — with each ranking as a lead priority for over 50 percent of credit union executives. That fraud and compliance are leading concerns for the credit unions PSCU works with, Carelli said, is not that surprising.

Analytics 118

Analytics Data Tools Fraud 118

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. ML: As executive vice president and CIO, I am responsible for the technology and security solutions we provide and how they are positioned in the marketplace.

Innovation 108

Innovation Security Payments Mobile 108

PYMNTS

NOVEMBER 9, 2016

Enter 3-D Secure 2.0. The protocol covers app-based purchases done on mobile devices and also browser-based transactions (you know, the older way of doing things). That’s a big deal, Baker said, since merchants know they’ll get their money and consumers know they’ll be protected. It’s ubiquitous. It could mean anything.

Security 190

Security Payments CA Technology 190

FICO

JULY 1, 2022

Global Fraud Trends: What’s Happening and What’s Next? Here are the highlights from the fraud trends breakout session at FICO World 2022 with a panel of fraud professionals from Brazil, Turkey and North America. Ulisses Okamoto , Fraud Risk Management Superintendent at Itaú Unibanco (Brazil). Tue, 07/02/2019 - 02:45.

Fraud 52

Fraud Trends South Carolina Risk Management 52

PYMNTS

MARCH 29, 2019

She doesn’t know how to do this on her own, so she posts a job offer online. At least, that’s how it should work. Unfortunately, smoothly and securely connecting employers and freelancers from around the globe is no easy task. You want to authenticate your users so you know who they are, and you want to stop fraud,” he said. “You

Security 101

Security Video Fraud Tools 101

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

OCTOBER 3, 2016

No one is immune from digital fraud. ThreatMetrix’s data estimates that, by the end of this year, 50 percent of all the interactions it protects will be mobile, which accounts for somewhere between 75 million and 80 million transactions on a daily basis. There’s always a fraudster waiting in the wings to spoil the party.

Fraud 192

Fraud San Jose Mobile Security 192

FICO

MARCH 10, 2022

I’ve been writing recently about the results of our recent global consumer fraud survey. But like most things, it’s not as simple as it sounds, as large customer groups are likely to switch banks if they are dissatisfied with their response to a fraud management incident (more on that in a moment). a phone call). a phone call).

Fraud 52

Fraud Survey Cards Customer Experience 52

PYMNTS

JULY 17, 2019

We say defense because it was apparent from early in the hearing that the senators gathered were more than a little suspicious of Facebook’s latest innovation — and less than favorably inclined to letting it move forward. Marcus said he did not know how to to answer that question. without regulatory support. Sherrod Brown. “We

cryptocurrency 142

cryptocurrency North Carolina Idaho Louisiana 142

PYMNTS

NOVEMBER 21, 2018

Xie says that the story of fraud on these marketplaces is now quite complicated — and for many of the reasons that are quite expected. Merchants — and marketplaces — are less likely to “see” the spike in fraud activity when it happens in the context of an overall spike in transactions to start with. The Season For Fraud Monetization.

Fraud 134

Fraud Tools Retail System 134

PYMNTS

JANUARY 29, 2019

New Jersey was the ringleader of the effort, though it did enlist support from 17 other states and three additional state governors. It all comes down to security, authentication and fraud prevention. In Cohen’s view, the best move now is to turn the argument away from any political considerations to “how do we safeguard this?”

Online 169

Online Las Vegas New Jersey Fraud 169

PYMNTS

JUNE 12, 2017

We aggregate data from many different sources and process payments through several different processors, so our data is the richest and most unique in the industry.”. First, it can help detect and avert fraud by making trends easier to spot. Zooz also offers secure data storage and protection for consumer information.

Data 136

Data Retail Software System 136

PYMNTS

FEBRUARY 7, 2020

Patreon launched in 2013 to fulfill this need, enabling “patrons” to pledge recurring monthly amounts of their choosing to support their favorite artists, many of whom promise additional content for those who donate above a certain threshold. We help [the former] acquire fans and retain fans, but we don’t get in between [them and their] fans.

San Francisco 141

San Francisco Video Taxes Software 141

Jack Henry

DECEMBER 3, 2014

I saw a news story the other day about the amount of money we spend during the holiday season. The story reminded me how important it is to protect yourself against fraud while holiday shopping. But it also made me think - what about data security at your work place? You can read the full story here.

Security 83

Security Data Risk Management Software 83

FICO

JUNE 15, 2021

World Elder Abuse Awareness Day is officially June 15th and it’s an ideal time to educate oneself on how to protect elders from becoming victims of financial abuse. All too often, elders today are the targets of residential real estate fraud and scams. Request a one-on-one conversation (“Can we talk privately for a moment?”).

Fraud 98

Fraud Capital Marketing Analysis 98

PYMNTS

JULY 9, 2018

All too often, we look toward technology as a magic bullet to cure what ails us. In some cases, tech works wonders on any number of fronts — from improving healthcare to changing the very way we pay for goods and services, rendering transactions digital and instant. Might we see the same forces at work when it comes to tokenization?

Data 100

Data Security Software Management 100

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. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions.

Fraud 52

Fraud Data Survey Regional 52

NCR

JANUARY 4, 2018

There are many actions financial institutions can take to strengthen their defenses against fraud , such as equipping themselves with the latest machine learning and analytics solutions to identify threats before they have a major impact. However, it’s often said that the weakest link in the banking security chain is the customer.

Fraud 72

Fraud social media ATM Groups 72

PYMNTS

JANUARY 6, 2020

Square was a newbie, largely written off as a wrought-with-fraud business model that would never survive and scale. Most people were still paying taxi drivers with cash, and if those drivers had POS terminals, they – hmm – weren’t working when you wanted to use a card to fund the ride. Netflix had just introduced its streaming service.

Innovation 176

Innovation Mobile Software San Francisco 176

PYMNTS

MAY 15, 2019

One of the more interesting – and perhaps even amusing – parts of human nature comes from the assumptions we attach to examples of growth and success. We give into notions of inevitability and certain progress, even though history is littered with countless lessons about why that is not usually the case.

Regulation 164

Regulation Online Security Operations 164

PYMNTS

JUNE 13, 2019

The security benefits of decentralization make blockchain an attractive fit in corporate finance. When you have to gain all of those skills at the same time [that] you’re trying to identify what the use case and ROI could be, it can really grind things to a halt.” ” However, that’s only the beginning.

blockchain 184

blockchain Data Technology Security 184