Abrigo

MARCH 3, 2023

Ten red flags to help you identify check fraud A financial institution's guide to identifying mail-related check fraud. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." Losses from check fraud total $18 billion annually, representing more than a million checks daily.

Fraud 195

Fraud United States Trends Software 195

PYMNTS

JANUARY 22, 2020

The nationwide debit/ATM network PULSE has tapped Jennifer Schroeder to serve as its executive vice president for product management, the company announced Wednesday (Jan. Lerdal was vice president of fraud operations and compliance for PULSE. He also had a leadership role in implementing an anomaly-detection program.

ATM 130

ATM Operations Management Fraud 130

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. The pandemic has sped up the digital roadmap for everyone in financial services, providing for more innovation in the last few months than had been seen during several years. Innovating The ATM Beyond Cash.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Cautious shoppers may find comfort in debit, with fraud losses associated with the payment method declining over the past several years. Card fraud is an ever-present threat. A Big-Picture Approach To Thwarting Debit Fraud.

Security 182

Security Fraud ATM Cards 182

PYMNTS

JANUARY 19, 2021

Fraudsters have unfortunately also carefully followed this payment trend, with skimming, prepaid card and ATM fraud all seeing upticks recently — especially in regard to debit transactions. Another study indicated that debit-related fraud is on the rise across the U.S. Around The Next-Gen Debit World. The report noted that U.S.

Fraud 155

Fraud Tools Mobile North Carolina 155

Abrigo

APRIL 2, 2020

Key Takeaways Elderly persons are more susceptible to fraud during crises like the coronavirus pandemic. As the coronavirus pandemic takes a powerful hold on the United States, illicit activity such as cybercrime, check fraud, and other scams are rapidly increasing and is expected to continue throughout this difficult period.

Fraud 335

Fraud Resources Software Training 335

PYMNTS

JANUARY 28, 2020

One such innovation comes from credit union service organization (CUSO) PSCU , which recently released a desktop automation system to optimize CU call centers. Many CUs do not realize that they are even falling victim to this kind of fraud, leading the United States Federal Reserve to believe that this type of fraud often goes unreported.

Innovation 155

Innovation St. Louis Fraud United States 155

PYMNTS

JUNE 13, 2017

“As an industry leader in enabling cardless transactions at the ATM, our comprehensive solutions are bridging the physical and digital worlds of cash to truly drive connected commerce,” said Alan Kerr, Diebold Nixdorf senior vice president of software in a press release. “Co-innovation

Samsung 119

Samsung ATM Austin Security 119

Insights on Business

NOVEMBER 22, 2017

The changes we see in the global payments landscape, driven by innovative technologies, are fundamentally changing the industry, but they come with a brand new set of challenges. On the other hand, technology capabilities are supporting increasingly complex, sophisticated and global fraud and cybercrime patterns. bn ($5.3Bn).

Fraud 125

Fraud Payments Innovation Industry 125

NCR

FEBRUARY 17, 2017

That includes growth areas like mobile banking, of course, but also covers traditional cornerstones of retail banking like the ATM. Why the ATM is key to omnichannel. According to Retail Banking Research , the number of ATMs worldwide rose by five percent to 3.2 million in 2015. Image: iStock/Piranka.

ATM 85

ATM Mobile Strategy Fraud 85

NCR

APRIL 26, 2017

Developments in technology and business practices have helped banks to protect their ATMs more effectively than ever before. The ATM Industry Association’s (ATMIA) 2016 annual fraud survey found that the proportion of respondents revealing a general increase in ATM crime dropped to 42 percent , from 51 percent in 2015.

ATM 81

ATM Security Fraud Cards 81

PYMNTS

MARCH 1, 2017

Creating innovation that’s both meaningful and lasting requires more than just coming up with a great idea. PYMNTS: How would you define your company’s approach to innovation? TC: Traditionally, we’ve relied on our partners and client advisory committees to help direct our innovation, which in a way made us a fast follower.

Innovation 100

Innovation Payments Fraud Trends 100

PYMNTS

JANUARY 22, 2020

The nationwide debit/ATM network PULSE has tapped Jennifer Schroeder to serve as its executive vice president for product management, the company announced Wednesday (Jan. Lerdal was vice president of fraud operations and compliance for PULSE. He also had a leadership role in implementing an anomaly-detection program.

Operations 131

Operations Management ATM Fraud 131

FICO

AUGUST 31, 2017

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. The fraud growth rate has slowed down from the gangbusters surge we saw in 2015, but consumers and issuers still need to pay attention. Ever since then, we have been in an innovation race with the bad guys.

ATM 74

ATM US Fraud Cards 74

Celent Banking

FEBRUARY 28, 2017

Product Innovation — for demonstrating the ability to launch multiple innovative products. Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. New digital channels include SMS/text, ATM and Facebook.

Innovation 100

Innovation Lending Boston Trends 100

Celent Banking

FEBRUARY 28, 2017

Product Innovation — for demonstrating the ability to launch multiple innovative products. Capabilities include accelerated check clearing, enhanced mobile wallets, simplified fraud controls, and streamlined charitable donations. New digital channels include SMS/text, ATM and Facebook.

Innovation 100

Innovation Lending Boston Trends 100

PYMNTS

JULY 29, 2019

The following Deep Dive explores AI’s fraud-fighting uses and how the technology can offer more personalized services. ICICI Bank has also expanded the chatbot’s functionality since its rollout, and it now allows users to search for ATM locations or branches as well as ask a wider range of questions.

Digital Banking 181

Digital Banking Fraud Mobile ATM 181

PYMNTS

APRIL 11, 2019

One smart agent may be assigned to analyze the actions of a consumer, point-of-sale (POS) terminal or ATM, and use that analysis to learn how to best perform whatever action it was assigned to do. percent of those with assets valued between $25 billion and $100 billion are interested in them to help in the fight against internal fraud.

System 185

System ATM Analysis Survey 185

PYMNTS

JANUARY 20, 2017

And that, John Buzzard, fraud executive expert of CO-OP Financial Services told PYMNTS, means that the financial services industry must continue to deal with the challenges and security risks associated with magstripe payments as well. New year, new payments technology, same old mag stripes. Monetization Of Personal Data.

Fraud 100

Fraud Cards Security Tools 100

PYMNTS

SEPTEMBER 19, 2018

Many are tapping into their cooperative natures to pursue innovations, so as to compete aggressively and keep up with larger financial institutions (FIs) and FinTech challengers. Several credit unions, for example, recently formed partnerships designed to share resources, such as ATMs and physical branches.

ATM 108

ATM Report Kentucky Resources 108

FICO

MARCH 25, 2021

But unlike crumbling ancient Roman ruins, the Falcon Intelligence Network, FICO’s fraud consortium, is stronger and more vital today than ever. Consortia data is a key functionality trend for next generation Fraud and AML Machine Learning platforms.*. Here are four critical capabilities: Data-Fueled Analytic and AI Innovation.

Fraud 52

Fraud Innovation Analytics Training 52

PYMNTS

SEPTEMBER 15, 2016

Today’s security special comes care of the Secret Service — which is warning banks and ATM firms about the dangers of “periscope” skimmers. The latest and greatest in card stealing tech, the little cybercrime enablers have been found implanted at ATMs in Pennsylvania and Connecticut.

Cards 100

Cards ATM Innovation Connecticut 100

PYMNTS

JANUARY 22, 2020

The company determined that its sophisticated chip engineering, embedded within cards, would best combat fraud and stolen data. Consumer fraud is a consistently challenging crime with evolving threats of all kinds, and biometric security measures are just one way that companies are responding.

Cards 131

Cards Fraud Payments ATM 131

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.

Cards 192

Cards Online Fraud social media 192

PYMNTS

DECEMBER 26, 2019

One can almost feel it in the bones: the excitement to come in the world of payments in 2020, as innovation sparks new business models and disruption. Indeed, Red Hat has been working with KAL ATM Software , which leverages a process known as virtualization, using technology to uncouple hardware from the ATM’s operating environment.

Software 132

Software Payments ATM Course 132

PYMNTS

OCTOBER 25, 2019

Mastercard -owned Vocalink has contracted with LINK through 2031 to continue offering ATM switching and settlement services to roughly 60,000 ATMs in the U.K., An infrastructure partner to LINK since 1986, Vocalink will remain the technology provider that connects ATMs to the LINK network. “We

ATM 100

ATM Innovation Fraud Community 100

PYMNTS

OCTOBER 25, 2019

Mastercard -owned Vocalink has contracted with LINK through 2031 to continue offering ATM switching and settlement services to roughly 60,000 ATMs in the U.K., An infrastructure partner to LINK since 1986, Vocalink will remain the technology provider that connects ATMs to the LINK network. “We

ATM 100

ATM Innovation Fraud Community 100

PYMNTS

APRIL 11, 2017

Through a new partnership, FIS Mobile and Cardtronics are addressing one of the most vulnerable touch points when it comes to accessing cash — non-bank ATMs. Doug Brown, SVP and group executive for FIS Mobile , announced exclusively to PYMNTS that it will expand its cardless cash ecosystem to now include Cardtronics non-bank ATMs. “We

ATM 103

ATM Mobile Innovation Security 103

Insights on Business

AUGUST 28, 2019

In our webinar yesterday, the first in the series AI Fraud Detection — Beyond the Textbooks , we ran out of time and weren’t able to address some great questions we had from the audience. What rules or models can you recommend to detect push-payment fraud”? Here’s why: All fraud models are predictors. Great question!

Fraud 93

Fraud Training Cards Data 93

FICO

NOVEMBER 26, 2019

With new scams on the increase, FICO’s fraud experts have added new tips for staying safe and avoiding fraud, taking the total to 16. Take Care at ATMs. If an ATM looks odd, or your card doesn’t enter the machine smoothly, consider going somewhere else for your cash. Never approach an ATM if anyone is lingering nearby.

Fraud 59

Fraud ATM Cards Online 59

Accenture

OCTOBER 9, 2017

They may endure for many more years, but as an innovation of the 1960s, they are inefficient, expensive and fraud-prone, unsuited to the atomized payments landscape. A member of the ATM industry, passionate about cash, described my forecast as irresponsible. The implications are far-reaching. Firstly, cards have no role to play.

Payments 159

Payments social media Industry Cards 159

PYMNTS

JANUARY 30, 2020

As fraud evolves, old forms of cybersecurity are not enough to keep up criminals’ increasingly innovative attacks. In the inaugural Next-Gen Debit Tracker, FICO VP Doug Clare discusses how FIs must examine the behavioral patterns of all parties engaged in the transactions — even the ATMs. FICO’s Take on Debit Security.

social media 141

social media Payments ATM Fraud 141

PYMNTS

JANUARY 22, 2021

Were it not for a flurry of digital transformation all through 2020 the frightful fraud scene might’ve been worse. retailers have online system vulnerabilities that could leave them open to fraud. They must also navigate these fraud risks while offering the payment methods customers crave — especially debit and contactless options.”.

Fraud 130

Fraud Study Cards Security 130

PYMNTS

JANUARY 1, 2021

This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. Twenty-one percent of all fraud attacks were waged on mobile transactions in the first half of the year, and 37 percent of them originated from mobile devices. “We

Trends 259

Trends Video Retail Payments 259

PYMNTS

MAY 25, 2016

By later this summer, Wells Fargo customers will have the ability to make mobile payments with their eligible Wells Fargo debit and credit cards via the Wells Fargo mobile app at NFC-enabled payment terminals and Wells Fargo ATMs. Continuous innovation enables Wells Fargo to save customers time and money, reduce fraud and drive loyalty.

Mobile 101

Mobile Innovation Fraud ATM 101

PYMNTS

OCTOBER 9, 2019

If a customer is at an ATM, then a PIN will still need to be entered. The card has been successful so far and the bank wants to “ test the technology further with credit cards,” according to Georgina Bulkeley, NatWest’s director of strategy and innovation. Biometric cards could become even more popular in the coming years.

Cards 132

Cards ATM Security Innovation 132

PYMNTS

APRIL 11, 2016

MPD CEO Karen Webster says that it’s not entirely the innovator’s fault. She says that, despite the hype, there are many other options for innovators to scratch their platform itch. ATM’s Massive Fraud Spike. Uber – and its $60 billion market cap – just makes it look way too easy. So what’s next ?

Trends 100

Trends ATM Fraud Payments 100