PYMNTS

DECEMBER 5, 2017

Through improving technology and decreasing costs, AI and Big Data are now combining to help firms in the financial sector prevent payments fraud. The Stage was Set with Big Data. Certainly, the mountains of data are becoming larger by the day.

Big Data 214

Big Data Fraud Data System 214

PYMNTS

MARCH 19, 2018

These tactics cast a wide net of fraud over the fleet card industry – from issuers and acquirers to fleet managers, employers and employees themselves. The company’s latest solution, EazyFuel , offers fraud and risk management directly to all players in a fleet card transaction, in addition to payment processing and other capabilities.

Fraud 153

Fraud Cards eBook Data 153

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. When we put these detection mechanisms in the space, we have to take a holistic view of what is going to drive security, but also reduce friction,” Xie said. “So

Fraud 245

Fraud Security Analysis Data 245

PYMNTS

JANUARY 28, 2020

It’s a perfect job for the dynamic duo of unsupervised machine learning (UML) and Big Data, creating real-time detection architectures that look for trouble. The matter is explored in detail, with a special focus on threat intelligence, in The Digital Fraud Tracker ® for January 2020, a PYMNTS and DataVisor collaboration.

Fraud 143

Fraud Data Big Data Strategy 143

PYMNTS

APRIL 14, 2017

While the fraud ecosystem continues to rapidly develop and advance, big data may prove itself to be a strong weapon in combatting fraud. With that thought in mind, DataVisor set off on a mission to utilize harness and analyze that could potentially detect fraud and protect billions of users around the world.

Fraud 112

Fraud Online Big Data Taxes 112

Banking Exchange

FEBRUARY 26, 2020

Online payment fraud could cost companies more than $200 billion over four years, finds Juniper Research Risk Management Technology AML & Fraud Cyberfraud/ID Theft Compliance/Regulatory Operational Risk Big Data Security Online Cards BSA/AML Feature3 Feature Financial Research Payments.

Fraud 97

Fraud Big Data Risk Management Compliance 97

PYMNTS

JUNE 13, 2019

Countering digital fraud is a lot like playing whack-a-mole: As soon as one fraudster is taken out, two more pop up where they’re least expected. The popularity of digital banking services has created ample opportunities for bad actors, leaving banks scrambling to protect themselves against the rising tide of fraud. It helps.”.

Fraud 128

Fraud Analytics New Jersey Data 128

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. And digital fraud is increasingly being targeted at the weakest links: humans.

Fraud 172

Fraud Analytics Security Data 172

Insights on Business

JUNE 3, 2019

Because of this, traditional rules-based fraud detection systems have become outdated and no longer work. Today, real-time payments require real-time fraud detection. Modern payment fraud schemes require modern prevention. Data-science-project-turned-fraud-prevention-solution vs. purpose-built-fraud-prevention-solution.

Fraud 138

Fraud Data Payments System 138

NCR

MAY 22, 2017

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

Big Data 85

Big Data Data social media Fraud 85

PYMNTS

OCTOBER 29, 2019

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

Fraud 100

Fraud Cyber Security Big Data Training 100

PYMNTS

SEPTEMBER 6, 2016

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Or watch its digital disruption.

Security 100

Security CA Payments Big Data 100

PYMNTS

MAY 3, 2017

NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the initiative and other faster payments efforts will reduce the window of opportunity for FIs to detect and prevent an incident. We do believe that there will be a greater uptick in fraud attempts.”.

Fraud 113

Fraud Payments Analytics Data 113

PYMNTS

JUNE 2, 2017

First Data, the global commerce-enabling technology company, announced Thursday (June 1) the launch of Fraud Detect, a fraud solution for merchants around the world. According to First Data, using artificial intelligence, Fraud Detect analyzes vast data sets to identify fraud and potential chargebacks.

Fraud 109

Fraud Data Tools Customer Experience 109

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

JANUARY 14, 2021

One unfortunate result of this shift has been an uptick in fraud, with bad actors taking advantage of digital channels to victimize customers and retailers more easily than they could during face-to-face interactions. It turns out there was a big data breach. … How Swap.com Stomps Out Fraud.

Fraud 143

Fraud Miami Security Retail 143

PYMNTS

APRIL 22, 2020

Insurance fraud is not a new phenomenon, but it is a prevalent one. Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however. Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however.

Fraud 200

Fraud Data System Policies 200

Banking Exchange

FEBRUARY 8, 2021

Pandemic sees increase in amount lost to fraud, according to new data Risk Management Feature3 Feature Security AML & Fraud BSA/AML Big Data Covid19 Online Mobile Cards.

Fraud 78

Fraud Big Data Risk Management Report 78

PYMNTS

JUNE 15, 2017

Can data make all the difference in the fight against payments fraud? Yes — if you know what to do with the data, and if you know where to find it in the first place. The discussion played off the findings of a new whitepaper from the firm titled, “Driving Up Conversion with Effective Fraud Management.”.

Fraud 115

Fraud Data Tools Management 115

PYMNTS

JUNE 3, 2016

Check out who secured venture capital in our breakdown below. Enterprise Security. Ionic Security. It may have begun as a way for individuals to take control of the data they share on social media sites, but Ionic Security has begun to shift its focus to securing the data of enterprises and their employees.

Security 100

Security Data Analytics Capital 100

PYMNTS

DECEMBER 21, 2016

Alibaba is combating the growing threat of pirates and counterfeiters with the help of could computing. The Chinese eCommerce giant said that its own Operation “Cloud Sword” led to the arrest of more than 300 counterfeit gang member suspects in 164 investigations.

Big Data 100

Big Data Data Groups Operations 100

PYMNTS

DECEMBER 23, 2019

Impersonation fraud — where a cybercriminal pretends to be someone they aren’t in an attempt to make off with funds — gets a lot of attention, and for good reason. More insidious and much harder to track, Townsley-Solis told Webster, is synthetic ID fraud. The Synthetic Fraud Slow Roll .

Fraud 132

Fraud Security Data Cards 132

Banking Exchange

OCTOBER 14, 2019

Traditional statistical models are limited in the number of dimensions they can access Risk Management Technology Feature3 Fintech Feature Financial Research Big Data AML & Fraud Security Cyberfraud/ID Theft Profitability Performance.

Big Data 99

Big Data Risk Management Fraud Fintech 99

PYMNTS

MAY 1, 2018

From there, Madhu worked for Cisco and founded Hopskoch and Socure, while Thimot built a number of businesses that straddled data and security in some way. Most recently, Thimot was the CEO of Clarity Insights, which he built into the largest Big Data analytics consultancy in the U.S. The Big Picture.

Big Data 181

Big Data CA Training Data 181

PYMNTS

AUGUST 29, 2016

” Paying an invoice twice is hardly the only case where expensive, custom ERP systems can fall short on catching fraud and wasting money, he added. There are even instances where an ERP system may intend to identify these anomalies, but as Zitting explained, fraud and error can slip through the cracks.

System 107

System Fraud Software Analytics 107

PYMNTS

OCTOBER 29, 2019

Cybersecurity and fraud protection company DataVisor , which uses artificial intelligence to help with fraud solutions, has launched a program called ExtenD, with the intention of helping medium to larger businesses with their cybersecurity and fraud needs, the company said in a press release.

Company 101

Company Cyber Security Fraud Big Data 101

PYMNTS

JANUARY 17, 2018

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”. In a press release issued Tuesday (Jan. 16), the company said it raised more than $12.7

Trends 116

Trends Big Data blockchain Regional 116

PYMNTS

OCTOBER 2, 2018

Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. Among the more prevalent criminal methods focused on business, according to Divitt: new relationship fraud.

Fraud 149

Fraud Course System Big Data 149

PYMNTS

NOVEMBER 7, 2019

Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud threats. In other words, it is no longer enough to respond to a fraud attack after it occurs. Across the Fraud Decisioning Landscape.

Data 101

Data Fraud Big Data Analytics 101

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

PYMNTS

OCTOBER 9, 2018

This partnership signals a deep collaboration with Microsoft on an array of technology projects, including big data and artificial intelligence, that will transform the delivery of everyday services and mobility solutions in Southeast Asia,” said Ming Maa, president of Grab, in the press release.

Regional 150

Regional Big Data Mobile Customer Experience 150

PYMNTS

MAY 5, 2017

Based in China, IceKredit wields Big Data to provide credit evaluation services for small businesses. Using machine learning technology, the company offers personal credit evaluation, anti-fraud services and other data products, while additionally providing credit assessment and online loan management tools for banks and other lenders.

Fintech 137

Fintech Big Data Capital Data 137

PYMNTS

OCTOBER 25, 2017

Of all the sensitive personal data consumers and businesses would rather not see compromised, financial data is surely toward the top of the list. But, it seems this shift can often occur before these businesses actually secure the data that’s being moved from legacy systems into more sophisticated platforms.

Big Data 103

Big Data Security Survey Data 103

PYMNTS

OCTOBER 27, 2019

The solution is designed to remove friction from the user onboarding process, while also preventing online identity fraud and meeting anti-money laundering (AML) and know your customer (KYC) compliance rules. Powered by AI, Jumio Go provides customers with a real-time, secure and reliable way to verify remote users.

Tools 104

Tools Big Data Fraud Data 104

PYMNTS

SEPTEMBER 14, 2016

The Department of Justice recently set up a team to investigate cybersecurity and what it considers to be a threat to national security stemming from driverless cars. C3 IoT is a leading IoT development platform that initially focused on the energy sector but is now tapping the lucrative spaces of fraud detection, health care and banking.

Big Data 100

Big Data Fraud Software Analytics 100

Insights on Business

FEBRUARY 11, 2019

This is magnified by the necessity of a tailored approach while implementing payment fraud prevention as well. The purpose-built real-time ‘dual-access’ datastore for payment fraud prevention. In the past, fraud patterns generally did not change much over time. Wednesday, 5:30 PM – 6:10 PM.

Fraud 70

Fraud Management Resources Analysis 70

PYMNTS

JUNE 30, 2016

Upon reviewing the lawsuit, Reuters reported on Wednesday (June 29) that the ACLU is challenging the Computer Fraud and Abuse Act (CFAA) by claiming it infringes on the U.S. Constitution’s First Amendment protections. “In

Fraud 100

Fraud Big Data Online Data 100