Data Fraud Online 
PYMNTS
DECEMBER 29, 2020
While fraud affects less than 1 percent of all card purchases, consumers who do lose funds from their bank accounts must go through lengthy and often stressful processes to get their money back. Safeguarding debit card payments is increasingly important, with more consumers shopping online during the pandemic. About The Tracker.
PYMNTS
DECEMBER 28, 2020
Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. But accounts payable is far from the only back-office financial workflow at risk of fraud.
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PYMNTS
DECEMBER 21, 2020
When a customer walks into a physical location to transact, a whole host of behavioral data becomes available to whatever entity is serving them. That behavioral data can then be used to inform how the customer is treated and what kind of interaction they are going to be offered. Are they acting interested, engaged and prepared?
PYMNTS
OCTOBER 22, 2020
s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem. will ultimately make it over the finish line because, bumps aside, it’s effective and reduces digital sales fraud. They’re in a better position to mitigate the fraud.
PYMNTS
DECEMBER 29, 2020
With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. Accurate and reliable data is a critical piece of modernizing the AML regimen,” he said. consumers were increasingly likely to share their location with banks in order to protect them from fraud.
PYMNTS
AUGUST 5, 2020
losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. These states accounted for one third of more than 150,000 instances of COVID-related fraud reported nationally by the Federal Trade Commission (FTC) since mid-March. million to date, according to the FTC.
PYMNTS
DECEMBER 18, 2020
Savvy shopping can sometimes cross the line into outright fraud , however, with bad actors violating terms of redemption, assuming false identities or conducting myriad other schemes to wage promotion abuse fraud. This move means Walgreens is facing more instances of promotion abuse fraud than many other retailers.
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