PYMNTS

SEPTEMBER 2, 2020

Growth equity firm TCV has acquired spend management tech firm Oversight , according to a press release emailed to PYMNTS, and will help Oversight expand its product innovation for enterprise risk management solutions. Oversight CEO Terrence McCrossan said the acquisition by TCV would be a boon for his company.

Management 151

Management Risk Management Fraud Innovation 151

PYMNTS

JANUARY 7, 2021

(AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street Journal reported Thursday (Jan. 7), citing unnamed sources. A representative for AmEx told WSJ, “We have robust compliance policies and controls in place, and do not tolerate misconduct.”

Cards 242

Cards FDIC Policies Risk Management 242

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.

Cards 197

Cards Fraud Guidelines Mobile 197

Abrigo

JANUARY 22, 2024

Takeaway 2 Examiners' focus is on risk management related to products and services , especially those involving complex technologies like AI. First, they must evaluate whether their institution is prepared to insert AML risk management procedures into the transaction process to match the speed FedNow can offer.

Fraud 221

Fraud Risk Management Training Software 221

Perficient

OCTOBER 24, 2024

As noted at the time by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Regulation 221

Regulation Risk Management Compliance Fraud 221

Perficient

APRIL 18, 2024

For example, switching checking accounts to one with a better interest rate involves resetting direct deposits and recurring bill-paying, printing new checks, and obtaining a new ATM card.

Cards 221

Cards Data Regulation Apple 221

PYMNTS

MARCH 4, 2020

The biggest news from the commercial card world this week came from American Express, which is facing allegations that it mistreated small business customers to hike card approval numbers. According to Bloomberg reports this week, American Express is the largest commercial card issuer on the planet, with a market value of $92 billion.

Cards 141

Cards Google Management Fintech 141

FICO

JUNE 12, 2017

But what does it mean for risk managers? That’s one issue we grappled with at FICO’s recent EMEA Risk Leadership Forum. With my risk manager hat on, I have a new set of challenges. Here are five questions I believe risk managers should be exploring: 1. Will there be a new class of “credit traders”?

Risk Management 49

Risk Management Management Cards Data 49

Payments Source

MAY 9, 2017

A range of backgrounds provides different perspectives on problems, according to executives at the Most Influential Women in Payments panel at SourceMedia's Card Forum.

Risk Management 80

Risk Management Management Cards Payments 80

Payments Source

MARCH 30, 2016

But it's not as unusual as my credit card issuer might think, and that's part of the problem for prevailing identity management strategy. I don't normally buy $300 of pizza.

Risk Management 60

Risk Management Management Strategy Cards 60

FICO

APRIL 19, 2023

Home Blog FICO UK Credit Cards: Are "Established" Accounts in Trouble? The percentage of Established UK credit card accounts with two missed payments is more than 83 percent higher than all account vintages. The percentage of Established UK credit card accounts with three missed payments is nearly 94 percent higher.

Cards 52

Cards Risk Management Trends Groups 52

Perficient

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Risk Management 221

Risk Management Compliance Fraud Operations 221

PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

Cards 117

Cards Risk Management Study Payments 117

PYMNTS

JANUARY 18, 2021

Such touchless payment options are being used alongside traditional ones like credit cards and checks. This means treasury departments must have back-office integrations that can enable them to manage payments across various channels. Each company’s risk management approach must therefore be tailored to its specific business needs.

Analytics 319

Analytics Data Risk Management Management 319

PYMNTS

NOVEMBER 19, 2019

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”.

Cards 140

Cards Apple Data Innovation 140

PYMNTS

MARCH 19, 2018

Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend. In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports.

Fraud 153

Fraud Cards eBook Data 153

Banking Exchange

NOVEMBER 11, 2019

Allegation that the Apple Card provided husband a credit limit several times higher than his wife’s credit limit Payments Technology Risk Management Social Media People Customers Tech Management Mobile Online Cards Security Big Data Feature3 Fintech Feature.

Apple 60

Apple social media Cards Big Data 60

FICO

JUNE 23, 2020

When assessing the success of a strategy, whether it is related to limit management, collections or another decision, issuers will use a variety of data both internal and external. In this post I am discussing credit cards, but this principle is the same for all products. That’s where benchmark data can be extremely valuable.

Management 52

Management Data Cards Strategy 52

Banking Exchange

NOVEMBER 7, 2022

Report by Oliver Wyman details how banks can deal a ‘body blow’ to online fraud Risk Management Technology Feature3 Feature Cyberfraud/ID Theft Security Mobile Online Cards Digital.

Risk Management 78

Risk Management Fraud Online Mobile 78

PYMNTS

SEPTEMBER 15, 2020

In such a complex payments ecosystem, merchants have identified the value in diversifying their risk through embracing multiple solution providers partners, including multiple banking services providers. Through offering a single interface to manage all banking relationships, merchants can optimize management of finances and payments.

Payments 299

Payments Risk Management Management Compliance 299

PYMNTS

OCTOBER 5, 2016

Today, accounts payable firm MineralTree announced a collaboration with Visa with a goal of helping corporates pay their suppliers by virtual card. But the commercial card is hardly the most preferred method of payment for suppliers, and that fact could mean adoption challenges for MineralTree and Visa’s new tool. Buyer Control.

Cards 183

Cards Payments Tools Risk Management 183

PYMNTS

SEPTEMBER 11, 2018

Those uncertainties, however, can increase foreign exchange rate volatility, according to Volopa ‘s Managing Director Graham Smith and Director of Business Development Jay Wissema. While businesses of all sizes are perking up to their exposure to FX volatility risk, not everyone is aware of how to address it.

Management 100

Management Cards Tools Survey 100

PYMNTS

SEPTEMBER 11, 2018

According to Jay Wissema, director of business development at cross-border payment solutions provider Volopa, recent events in the global markets have heightened awareness of the importance of foreign exchange volatility risk mitigation.

Tools 100

Tools Management Strategy Survey 100

PYMNTS

MARCH 26, 2020

A card is used for payouts into any bank account, digital wallet or agent locations supported by Western Union. Western Union recently partnered with Integral for a new risk management mechanism called Integral BankFX. A pilot of the new channel is being introduced in Austria, Belgium, Italy, Portugal and Oman.

Video 286

Video Tools Risk Management Guidelines 286

PYMNTS

MARCH 25, 2020

That means card portfolios can experience changing returns for financial institutions (FIs). For example, having tools that monitor cardholder behavior and automatically trigger actions that drive faster card activation helps get revenue through the door sooner. Recalculating Risk: The Quartiles.

Cards 108

Cards Risk Management Management Strategy 108

FICO

JANUARY 11, 2022

UK card average spend increases to a new over two-year high. The average spend on UK credit cards increased £27 to £730 in the month, £75 above pre-COVID-19 spend levels. Average balances on card users missing two or more payments remain above COVID-19 levels. How FICO Can Help with Card Risk Management.

Cards 52

Cards Risk Management Management Payments 52

Let's Talk Payments

AUGUST 27, 2016

The term cash-replacement typically refers to a myriad of products such as debit cards, prepaid cards, credit cards, etc., that effectively will enable a transaction without cash or (almost) replace.

Risk Management 40

Risk Management Management Cards US 40

PYMNTS

FEBRUARY 10, 2020

Stevens will oversee product delivery and management, as well as its innovation teams. She will also manage the PSCU’s strategic partnerships, and its Enterprise Project Management Office. He handled all aspects of payment operations, including strategic planning, innovation and risk management.

Innovation 210

Innovation Leadership Washington Cards 210

PYMNTS

NOVEMBER 17, 2017

One area of (overlooked) potential lies with credit cards. Issuing cards and creating a payments strategy, he said, can help community banks innovate in effective and exciting ways. The hesitation of some banks to issue cards is tied, in part, to the acknowledgement that “a credit card is a complex product in itself.

Community Bank 115

Community Bank Community Cards Lending 115

FICO

JUNE 27, 2023

Our latest data on UK credit card trends shows financial volatility and higher levels of credit card spend, compared to 2022 – with monthly spend up by 6.7 As a consequence of these increases in transactions and spend, the average active credit card balance for both March and April 2023, is 8.2 percent in March and 8.7

Cards 52

Cards Trends Management Data 52

PYMNTS

JANUARY 15, 2019

Wells Fargo also reported single-digit gains in credit and debit cards. The bank also reported general purpose credit card point-of-sale (POS) purchase volume of $20.2 Debit card POS purchase volume, meanwhile, reached $89.8 Credit card loans increased $1.2 Credit card loans increased $1.2 percent to $86.4

Cards 115

Cards Conference Risk Management Mobile 115

PYMNTS

JANUARY 15, 2019

Wells Fargo also reported single-digital gains in credit and debit cards. The bank also reported general purpose credit card point-of-sale purchase volume of $20.2 Debit card point-of-sale purchase volume, meanwhile, reached $89.8 Credit card loans increased $1.2 Credit card loans increased $1.2 percent, to $86.4

Cards 108

Cards Conference Risk Management Mobile 108

FICO

JANUARY 24, 2023

FICO’s latest market report of UK card trends suggests that consumers managed their credit card debt to keep lines of credit open for the festive season as spend increased month on month. percent more accounts with three missed payments The reliance on credit cards for cash withdrawals dropped, month-on-month, by 10.4

Cards 52

Cards Payments Trends Management 52

Payments Source

OCTOBER 13, 2020

The findings of a recent TD Bank survey suggest that targeting millennials for new credit cards will require surgical risk-management as the economy lurches toward an uneven recovery.

Millennials 103

Millennials Risk Management Survey Cards 103

Banking Exchange

MAY 17, 2021

More than half of consumers have become more concerned about fraud since Covid-19 Risk Management Technology Cyberfraud/ID Theft Operational Risk Feature Feature3 Mobile Tech Management Online Cards Security Checks/Remote Deposit Capture Payments.

Fraud 78

Fraud Risk Management Payments Management 78

PYMNTS

MAY 7, 2020

Risk management and payment technology provider linked2pay has debuted a new service, CustomerConnect, that is intended to cut down on late invoice payments, according to a press release. As such, virtual cards are becoming a critical and strategic B2B payment method for both buyers and suppliers.

Risk Management 150

Risk Management Cards Software Meeting 150

PYMNTS

OCTOBER 1, 2020

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. In June, Visa signed an acquisition agreement with Verifi.

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Fraud Los Angeles Idaho Risk Management 183