PYMNTS

SEPTEMBER 22, 2020

The growth in digital transactions is also spurring a boost in friendly fraud, which occurs when legitimate customers either knowingly or unwittingly claim that they did not make legitimate purchases and seek reimbursement for them. It also analyzes how focusing on the customer experience can help prevent such fraud in the first place.

Fraud 255

Fraud Mobile Tools Study 255

Abrigo

NOVEMBER 14, 2024

Facilitate oversight of information technology sources, systems, and processes that support AML/CFT compliance. The FFIEC states internal controls should: Incorporate the AML/CFT risk assessment and the identification of ML/TF and other illicit financial activity risks, along with any changes in those risks. Is a FRAML department better?

Compliance 221

Compliance How To Training Software 221

PYMNTS

MAY 18, 2020

Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations. The enhanced consumer protection program was designed to provide merchants and banks with tools to help them navigate the heightened risk of fraud, Mastercard said.

Fraud 196

Fraud Tools Security New York 196

PYMNTS

NOVEMBER 26, 2019

Buguroo, a Spanish cybersecurity company, uses biometrics tied to behavior and deep learning processes to root out fraud. Conexo Ventures and Inveready Technology Investment Group also participated. Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots.

Fraud 141

Fraud System Technology Groups 141

PYMNTS

FEBRUARY 2, 2021

Consumers most commonly used QR codes for contactless payments, but they also leveraged the technology to access discounts and information on product packaging, for example. This share of consumers using the technology is also increasing, with the total number of mobile payment users growing by more than 4 percent over the past year.

Fraud 215

Fraud Study Policies Industry 215

PYMNTS

MARCH 10, 2020

billion by 2025, with $1.6 Agencies in the United States and European Union are both leveraging biometric tools such as fingerprint and facial scanners in their day-to-day business, with agencies finding that this technology reduces processing time and improves identity management and passenger flow.

Payments 272

Payments Louisiana Colorado Security 272

Jack Henry

JANUARY 30, 2025

Datos Insights recently shared their latest research on Cyber Top Trends for 2025. Unsurprisingly, artificial intelligence (AI) is a big deal and staying vigilant and informed is more important than ever.

Trends 97

Trends Fraud Security Technology 97

PYMNTS

AUGUST 7, 2020

A recent survey revealed that 93 percent of United Kingdom gaming compliance managers anticipate growing numbers of chargebacks and fraud as the pandemic prods consumers to access online services. Gaming platforms were facing increasing instances of fraud before the pandemic began. by 2025 and to experience an 11.5

Online 222

Online System Fraud Video 222

PYMNTS

OCTOBER 16, 2019

billion Internet of Things (IoT)-connected devices around the world by 2025. Consumers and businesses have increasingly employed the technology in a variety of use cases as it becomes more sophisticated, from smart cars to sensors that can be utilized for smart cities. There will be 41.6

Millennials 191

Millennials Fraud social media Study 191

BankInovation

SEPTEMBER 25, 2024

Financial institution leaders have prioritized innovation and efficiency efforts in 2024 while navigating continually evolving technologies. This year, bank executives have been tasked with keeping up with generative AI and boosting their cybersecurity efforts in a fraud-ridden environment.

Compliance 72

Compliance Fraud Regulation Innovation 72

PYMNTS

JULY 25, 2019

The latest Digital Fraud Tracker explores why fraudsters are still relying on phishing as a major strategy even as they increase their use of new technologies and techniques. An uptick in fraud also means a growing online fraud prevention market. Globally, it is set to increase 20 percent between 2019 and 2025.

Fraud 172

Fraud Analytics Security Data 172

PYMNTS

SEPTEMBER 15, 2020

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

Report 206

Report Los Angeles Fraud Utah 206

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

Fraud 158

Fraud blockchain System Cards 158

PYMNTS

OCTOBER 28, 2020

Digital payments are prone to chargeback fraud, for example, and financial institutions (FIs) often report difficulties and high costs when updating their legacy systems to accommodate instant payment systems. billion by 2025, up from $74.4 Deep Dive: Improving Payments Efficiency With Automation And Cloud Technology.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

FEBRUARY 26, 2020

billion by 2025. Properly combining an AP automation solution with ERP software also offers firms full transparency over the entire invoice-to-payment-to-reconciliation process as well as visibility into workflows, all while cutting down on fraud. Upgrading ERP Simultaneously With AP Automation.

Software 209

Software Fraud Resources Tools 209

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. Fuels are formulated with dual detergent technology called Dynaflex. percent by 2025. Shell employs 8,500 people in India and retails fuel in six states. .

Cards 159

Cards Operations Fraud Management 159

PYMNTS

JUNE 12, 2019

In B2B news, Visa is launching an end-to-end payments network called Visa B2B Connect , which is built on elements of distributed ledger technology and the open-source Hyperledger Fabric framework. And, in retail, firms from automakers to merchants are tapping into connected commerce technology. All this, Today In Data.

Security 148

Security Millennials Data Retail 148

PYMNTS

NOVEMBER 12, 2019

This is just one example of how the explosion of data can increase a company’s fraud vulnerabilities, but can also provide a solution if captured and utilized. Current and Future State of Fraud. Additionally, by 2025, nearly 30 percent of this global datasphere will be real-time information, up from 15 percent of all data in 2017.

Fraud 100

Fraud Data Tools User Experience 100

PYMNTS

JANUARY 9, 2019

By 2025, online luxury sales are expected to triple, leading to an anticipated $91 billion in sales, one report noted. Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack.

Fraud 109

Fraud Retail Security Online 109

PYMNTS

SEPTEMBER 17, 2020

One recent report found that the IAM technology market is predicted to grow from $7.6 billion by 2025.”. It’s known that many colleges and universities would fail their final when it comes to online security and fraud defenses. billion this year to $15.3 Testing Limits, Pushing Boundaries.

Video 251

Video Resources Course Online 251

PYMNTS

FEBRUARY 18, 2020

percent, and is expected to be a $102 billion eCommerce market by 2025. The region also experiences some of the highest fraud rates, in both finance and eCommerce. percent of web-sourced revenue in the region is lost to fraud, according to CyberSource. The company has the goal of finding and nurturing new technology companies.

Regional 171

Regional Lending Fraud Maine 171

Alex Jimenez

DECEMBER 17, 2024

Bridging Business and Technology In my piece for BAI, Smartly Connecting Business and Technology to Unlock Banking Value, I highlighted a critical barrier to innovation: the disconnect between business and technology teams. As we move into 2025, the industry will continue navigating these tensions. Whats Next?

Fintech 52

Fintech Trends Innovation Technology 52

PYMNTS

DECEMBER 12, 2018

As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity. Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience.

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

DECEMBER 17, 2018

Data: $100 billion: The estimated worth of digital supermarket sales by 2025. 100 million: The amount lost to fraud in the U.K. 50 percent: Share of firms and CCOs that are using technology in compliance efforts. . 100 million: The amount lost to fraud in the U.K. in the first six months of 2018 alone.

Data 122

Data Compliance Fraud Branding 122

Javelin Strategy & Research

NOVEMBER 8, 2024

With one report per practice area, we offer strategic insights across Digital Banking, Fraud & Security, Payments, and Wealth Management. Though the financial services industry is always working to develop the latest and greatest technology for fraud detection and prevention, there are more than a few opportunities on which financial ins.

Trends 40

Trends Report Fraud Digital Banking 40

PYMNTS

JULY 9, 2019

In an new PYMNTS interview, Reinhard Hochrieser, vice president of product management at authentication services provider Jumio , provided an overview of the global state of ID verification and authentication, along with access management — and how improving those processes and technology can lead to gains for merchants and financial institutions.

Security 191

Security Online Fraud Samsung 191

PYMNTS

SEPTEMBER 21, 2018

Governments may not be known for keeping up with cutting-edge technology, but that doesn’t mean they don’t take note of the trends — especially when it comes to tools for collecting revenue. percent between 2018 and 2025, a number of local governments are adopting the technology to accept fines and taxes more easily.

Trends 152

Trends Security Technology Training 152

PYMNTS

FEBRUARY 17, 2020

IoT technology has rapidly expanded beyond in-home devices into cities worldwide. Governments and institutions in Europe, India and the United States are experimenting with IoT solutions to enhance city life, and the technology is expected to create between $4 trillion to $11 trillion in value over the next several years.

Security 252

Security Data United States Florida 252

American Banker

DECEMBER 25, 2024

New tools, new partnerships and a new focus on combating increasingly complex fraud schemes will take center stage in the new year. This could be a turning point in a long-running battle.

Fraud 62

Fraud Tools Technology 62

PYMNTS

SEPTEMBER 6, 2019

Call centers are starting to move away from KBA as new technologies emerge. The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. Fraud protection is thus a high priority for all call centers, regardless of their industries.

Fraud 122

Fraud Technology Security Tools 122

Gonzobanker

JANUARY 18, 2024

Prediction: A $100+ billion bank will acquire a smaller BaaS-focused bank in 2024 to accelerate its entry into the BaaS market and then bolster that acquisition by adding a healthy dose of technology, compliance and business development resources to the BaaS bank. The “employee experience” will be an area of focus. money) is.

Fintech 88

Fintech Customer Experience Tools Payments 88

PYMNTS

DECEMBER 10, 2020

Video-based KYC is an effective digital technology used increasingly to confirm customers? Advocates of the strategy say it provides banks with an error-free way to onboard customers while reducing fraud and preventing application abandonment. . million by 2025. identities while also speeding and simplifying sign-up.

Video 201

Video Digital Banking User Experience Tools 201

Abrigo

FEBRUARY 3, 2020

Key Takeaways At many financial institutions, a substantial share of the IT budget is tied up in technology infrastructure and maintenance and cannot be used for new initiatives. Technology spending priorities. Banks spend about 7 percent of revenues on information technology, the report’s authors estimate.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

APRIL 8, 2019

Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce. The global sharing economy stood at about $148 billion in 2014 (certainly nothing to sneeze at), and will balloon to $335 billion by 2025, less than six years away. Supply Of Data.

Payments 195

Payments Data Fraud social media 195

PYMNTS

NOVEMBER 10, 2020

But in the decade since bitcoin’s debut, technologies have evolved in the payments ecosystem that are helping set the stage for cryptos to become more widely adopted. Crypto has been held up by critics as a conduit to fraud and money laundering. The Difference A Decade Makes .

cryptocurrency 324

cryptocurrency blockchain Bitcoin Security 324

PYMNTS

NOVEMBER 11, 2019

Data holds the key to helping modern enterprises develop effective anti-fraud strategies. Many businesses are sitting on massive troves of it, but they are also facing down the three “V’s” of data complexity — velocity, variety and volume — which can make tackling fraud even harder. . Structured Versus Unstructured Data.

Analytics 116

Analytics Data Fraud Tools 116

Independent Banker

MAY 31, 2022

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Fraud and cybercrimes continue to increase, causing challenges for community banks. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134