Abrigo

JUNE 13, 2022

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

Fraud 195

Fraud Training United States Survey 195

PYMNTS

JULY 25, 2019

Customers have varying banking needs, but the global fraud phenomenon tends to have equal impacts. Challengers see fraud protection as especially important, particularly as they attempt to ween customers away from legacy FIs and their own nimbler FinTech competitors. Bringing a global fraud approach to a new local market.

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Fraud Marketing US Resources 164

PYMNTS

FEBRUARY 9, 2018

Telematics company Airmax says fleet card fraud will be “a thing of the past” thanks to technology. We firmly believe that the misuse of company fuel cards and exaggerated mileage claims are set to become a thing of the past,” said Airmax Remote Managing Director Richard Perham in a statement.

Fraud 100

Fraud Cards Survey Management 100

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

SEPTEMBER 23, 2019

“A firm attempting to make purchases from a new overseas supplier can trigger a fraud warning, for example, but AI solutions might compare it to a cluster of similar SMB accounts and further examine it before raising a flag,” the report noted. . Empowerment Through Data. Beyond the Payment.

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Payments Fraud Strategy Security 122

PYMNTS

MAY 8, 2020

The shift to digital commerce is more urgent than ever — and so are some of the potential pitfalls as fraudsters recalibrate their attacks and eye card-not-present transactions as a new way to make off with ill-gotten gains. What we are learning now is that the definition of ‘unified commerce’ is a lot more flexible.”.

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Cards Fraud Online Operations 260

PYMNTS

MARCH 10, 2017

Noting that the number of identified fraudulent returns was not indicative of the overall levels of tax fraud occurring, Digital Shadows set out to reconcile two very different perspectives on the same problem. What’s Next In Tax Fraud. Cybercriminals aren’t always going to go after credit card information, because they don’t have to.

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Taxes Fraud Risk Management Data 144

PYMNTS

JULY 17, 2020

Mobile card apps went from nifty to necessary when the darkest imaginings of last March had people picturing COVID-19 on every surface, suspended in every breath. That hasn’t turned out to be the case (at least not entirely), but the digital shift the virus inspired is definitely real, and rocking. Meet the 2021 Cardholder.

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Cards Mobile Groups Tools 151

PYMNTS

MAY 27, 2020

Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. Not long ago, contactless meant using tangible cards — the type pulled from wallets and waved at the terminals. But as Good explained, the definition of contactless needs to expand as firms re-examine their digital strategies.

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Mobile Community Bank Cards Community 280

Abrigo

JANUARY 3, 2024

The Final Rule for Beneficial Ownership Reporting , issued in September 2022, establishes definitions for reporting provisions of the FinCEN BOI database. Other legal entities, including certain trusts, are excluded from the definitions as filing a document with a secretary of state or similar office does not create them.

Fraud 221

Fraud Regulation Report Compliance 221

PYMNTS

MARCH 6, 2020

Our findings are at once sobering and encouraging: Just 10 percent of FIs report using AI that meets our specific and narrow definition. Even more significantly, our research shows that FIs are using AI with greater focus than they have in the past, with two areas emerging as key applications: payments fraud and credit risk.

Data 204

Data Fraud Study System 204

PYMNTS

MAY 5, 2020

That rising tide of fraud will come in tandem with, and even try to mimic, legitimate activity by consumers grappling with various ways the coronavirus has impacted and will impact daily life. In other cases, they may be devising bank identification number (BIN) attacks or using card generators to create many potential card numbers.

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Online Fraud Cards Resources 207

BankBazaar

JUNE 30, 2022

Here’s everything you need to know about Credit Card billing, effective from July 1st, 2022, as defined by the RBI’s guidelines around Credit and Debit Card issuance released in April. These guidelines include new rules around Credit Card closure, billing cycles and so forth. Credit Card Billing Cycle.

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Cards Guidelines Payments Operations 147

PYMNTS

DECEMBER 13, 2016

With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We We’ve settled into providing services as a payments and fraud business.”. Radial knows a thing or two about fighting fraud. “We’ve

Fraud 100

Fraud Virgin Islands Pennsylvania Taxes 100

PYMNTS

JANUARY 20, 2021

Bad actors have moved to take advantage of the rush to digital payments — particularly those made with debit cards — leaving banks and financial institutions (FIs) racing to keep them off their platforms. We have seen higher levels of fraud or suspicious activity, [and] we have definitely built up our fraud prevention team. …

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Security Cards Mobile Fraud 130

PYMNTS

APRIL 1, 2020

billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. They insert or swipe their debit cards at stores’ point-of-sale (POS) devices — or key in details online — and maybe enter PINs, but the behind-the-scenes processes through which transactions are routed are kept invisible. shoppers made 72.7

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Cards Payments Security Fraud 141

PYMNTS

NOVEMBER 20, 2018

With payment bigwigs like Visa , Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than growth in the number of card products available. “It streamlines payments and ease of paying by card,” Weiss told PYMNTS in an interview.

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Cards Fraud Taxes Data 118

PYMNTS

APRIL 16, 2020

LYFE’s mission in the midst of the pandemic is twofold: boost the amount of business from pickup and delivery orders and counter the increased risk of fraud that is accompanying the crisis. It’s definitely been a win-win,” said Taggart. Bad actors are taking advantage of the chaos and bringing about an upswing in digital fraud.

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Fraud Chicago Resources Mobile 130

PYMNTS

SEPTEMBER 18, 2019

and divisions in the Netherlands, Singapore and South Korea — have embraced offerings like virtual and purchasing cards that expedite the payment workflow. . The pair explained how these offerings keep suppliers satisfied and DPR’s partners safe from fraud. . Virtual cards move payments quickly,” Phoenix said. “We

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Cards Phoenix Fraud Payments 116

PYMNTS

APRIL 10, 2019

Instant payments, voice and visual search, AI/ML digital card management – there are all kinds of promising possibilities. Speed is desired , but faster payments can mean faster fraud. The promise is definitely big, but the progress is still catching up. But while a promising horizon is great, in practice there are limits.

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Fraud Cards Tools Data 148

PYMNTS

JULY 17, 2018

Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Sometimes the cards are ancillary to a different criminal purpose.

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Cards Fraud Regional Training 109

PYMNTS

JUNE 28, 2020

BNP Paribas has been one of the pilot banks involved in the SWIFT g4C working group, and it contributed to the definition of the standards for the project, according to the release. In addition, both companies said the partnership and v-cards would help to reduce the risk of fraud and streamline onboarding support.

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Payments Charlotte Cards Management 192

Abrigo

JUNE 27, 2024

Read this blog to learn the definition of structuring, why it is illegal, and some examples of structuring scenarios that can help banks understand customer behavior and intent. The account is further credited with credit/debit card processing, and the incoming funds are used for everyday business expenses such as vendor and tax payments.

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Examples Fraud Report Training 221

PYMNTS

OCTOBER 24, 2018

Fewer consumers use physical currency when making purchases, and are instead turning to more modern, digital methods of payment, particularly when making purchases online with debit cards. Fraud is a huge consideration for us,” Bonkowski said. The Future of Fraud Protection. and around the globe. Onboarding Global Consumers.

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Fraud Cards Online Data 166

BankBazaar

SEPTEMBER 15, 2021

Have you lost your Credit Card? To be honest, a Credit Card is quite easy to lose. After all, it’s a tiny plastic card that is easy to overlook. If you’ve lost your Credit Card recently, this article is for you. All is not lost when it comes to a lost Credit Card and we’ll tell you why. Locking your card.

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Cards Fraud How To Report 97

PYMNTS

DECEMBER 12, 2019

While dealing with fraud has always been a cost of doing business for merchants, the digital age has changed the game in terms of fighting off fraudsters. While some have speculated that fear of fraud is keeping some merchants out of the game, Stuppy noted that this wasn’t as big of a concern as some might think.

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Security Fraud Cards Data 132

Insights on Business

NOVEMBER 1, 2018

Enterprise Fraud Management is being reinvented. Here are some key questions that should be asked of Enterprise Fraud Management vendors: Question #1: How versatile is your data model? Most fraud detection solutions only ingest out-of-the-box transactional data and basic customer and account information.

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Fraud Management Software Data 107

PYMNTS

JUNE 6, 2019

Enter integrated payables — which, done well, offer one way to mitigate the struggles of unnecessary costs, inefficiencies and fraud risks in business payments. True integrated payables, however, incorporate all payment types — including virtual card, ACH, check and wire — into a single, streamlined payment process.

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Management Cards Payments Technology 179

FICO

NOVEMBER 30, 2017

In my previous post on application fraud, we explored the drivers behind the rapid acceleration of identity-based fraud , which includes identity theft / third-party fraud, synthetic identity fraud, and first-party fraud. Managing fraud is a balancing act that starts with knowing your fraud risk appetite.

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Fraud Analytics Compliance Management 82

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!

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Fraud Training Cards Data 93

PYMNTS

DECEMBER 16, 2020

One tool that could potentially be used to meld digital and paper-based offerings is the use of prepaid cards, she explained. These cards do not require bank accounts and can be used right away, meaning that underbanked consumers will not have to wait to cash paper checks to gain access to their funds. “I

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Mobile Tools System Regulation 234

FICO

MARCH 26, 2018

For fraud management, this means the people managing card fraud are not engaged in managing ACH payment fraud, and the person worrying about customer experience is not the person awake at night with fraud worries. Forward-thinking banks are taking a more holistic approach to fraud management.

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Fraud Management Strategy Analytics 86

PYMNTS

JANUARY 31, 2020

The CFPB said that Citizens Bank neglected to follow the rules for years by failing to properly manage credit card disputes. Specifically, the bank violated amendments to the Fair Credit Billing Act (FCBA) and the Credit Card Accountability Responsibility and Disclosure Act (CARD Act).

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Rhode Island Lending Cards New York 116

PYMNTS

JANUARY 6, 2017

Gift cards — no longer gathering dust in envelopes stuffed in the backs of drawers or forgotten in purses. Should gains in the pocketbook materialize, he said, most consumers opt instead to spend that money on a vacation or a flight to a desired destination and use a card, tying spending into credit card points. that you owe.”.

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Cards Retail social media Fraud 102

PYMNTS

JANUARY 30, 2018

Each company, said the CEO, comes at the fraud problem from a different perspective. Device IDs, he said, are “a valuable tool to stop card-not-present fraud. Writ large, “once you become a digital business, you are global by definition” – and thus other industries, and far-flung transactions, come into play.

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Fraud Analytics Data United States 109

BankBazaar

NOVEMBER 13, 2024

1) Kindness in Staying Out of Credit Card Debt Credit Card debt is more than just a financial burden—it can also bring stress, anxiety, health issues and even strain on relationships. Additional reading: 8 Credit Card Hacks to Crack Festive Season Savings! Consider this as a form of kindness, too.

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Taxes Cards Exercises Security 78

PYMNTS

DECEMBER 11, 2018

Cryptocurrency is an ideal payment method for ecommerce and precious metals where the risk of chargebacks, fraud and identity theft with traditional credit cards is high,” Sonny Singh, chief commercial officer at BitPay, said in a press release.

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Bitcoin blockchain cryptocurrency Fraud 173