PYMNTS

NOVEMBER 23, 2020

AI is not only being adopted to improve workflows and grow revenues, but has also been enlisted in the fight against fraud.”. The surge of digital orders carried a toxic tide of fraud, and many companies turned to supervised machine learning to deal with it. This establishes identity trust or risk in real time.

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PYMNTS

DECEMBER 2, 2020

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. The key to this is user experience,” he said. But he added that the bad guys are using older scams as well. “As

Fraud 215

Fraud Online Security Compliance 215

PYMNTS

FEBRUARY 19, 2019

One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on that time when chargebacks stood as the main worry merchants and other organizations faced when it came to fraud and risk. That sort of fraud prevention spends 100 percent of the time on that one aspect of fraud, he noted.

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Fraud Data Maine System 169

PYMNTS

NOVEMBER 19, 2020

The technology is also credited with helping them meet diners’ demands for seamless purchasing experiences as well as enabling them to battle fraud. . He noted that it is a crucial tool that can allow restaurants to leverage the data they have been storing for years. . AI is a priority with us,” Smith said. “We

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Boston Fraud Meeting Mobile 200

Jack Henry

DECEMBER 29, 2020

But today these types of advanced data analytics are being used successfully to enhance the user experience, encourage engagement, drive revenue, increase sales, and fight fraud. The use of artificial intelligence (AI) and machine learning (ML) might seem like a space-age concept to some.

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PYMNTS

MARCH 20, 2020

Fraud attacks’ frequency and complexity will likely continue to rise despite merchants’ best efforts to prevent them. The Latest Fraud Decisioning Developments. The United Kingdom’s RELX , an information and analytics firm, has meanwhile purchased fraud prevention firm Emailage to boost its own anti-fraud efforts.

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PYMNTS

APRIL 27, 2020

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” The company’s technology tracks user behavior to determine fraud.

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Fraud Company Security Comparison 164

PYMNTS

OCTOBER 15, 2018

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. The changes also include enhanced fraud protections for merchants. uses authentication data, artificial intelligence and machine learning to review, approve or flag transactions as suspicious in real time. For example, 3DS 2.0

Fraud 165

Fraud Security Mobile User Experience 165

PYMNTS

FEBRUARY 26, 2019

In the latest Mobile Order-Ahead Tracker , PYMNTS examines developments in the mobile order-ahead world, as well as how consumers are responding to new features and tools designed to augment users’ experiences for the better. However, the rise of mobile ordering also comes with growth in account takeover fraud.

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Fraud Mobile Branding User Experience 186

PYMNTS

NOVEMBER 12, 2019

The machine learning tool got up to speed after a year of processing trade data and non-public information. This is just one example of how the explosion of data can increase a company’s fraud vulnerabilities, but can also provide a solution if captured and utilized. Current and Future State of Fraud. Too Much Data .

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Fraud Data Tools User Experience 100

PYMNTS

FEBRUARY 19, 2020

It’s not speed that’s driving corporates’ real-time payment roadmaps, however – convenience and data availability are at the top of their list of benefits. “Companies are beginning to understand the connection between payment flows and data flows,” he told Karen Webster in a recent discussion.

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Payments Fraud Survey Fintech 287

PYMNTS

SEPTEMBER 19, 2019

Cybercriminals are also seeing opportunities to use these offerings to their advantage, however, now employing them to exploit vulnerabilities, siphon funds and access valuable data. . The following Deep Dive examines how AI technology is being deployed on the anti-fraud front lines. . The High Costs Of Fraud .

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Fraud Security System Data 128

PYMNTS

DECEMBER 16, 2020

Ternio , a global FinTech platform, has integrated with Plaid , a financial data company, to help Ternio BlockCard bank accounts access faster and more secure connections to financial accounts, according to a press release.

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cryptocurrency FDIC User Experience Security 267

PYMNTS

JULY 5, 2020

Due to the real-time factor, fraud can be mitigated, the release states. The offering will include flexibility, according to a press release , allowing clients to either choose BNY Melon’s services or one of the company’s Private Label Bank relationships.

Payments 240

Payments User Experience New York Fraud 240

ZootBlog

OCTOBER 11, 2016

This norm of using mobile devices to do everything from shopping to banking, mean security and a great user experience need to go hand-in-hand. We covered everything from pain points to fraud and compliance and best practices to manage it all. Everyone is going mobile and data changes frequently.

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User Experience Mobile Data Las Vegas 60

PYMNTS

FEBRUARY 10, 2020

Fraud prevention firm Kount is introducing the Identity Trust Global Network for the establishment of real-time identity trust using artificial intelligence (AI), Kount announced today (Feb. To this end, merchants must reimagine their approaches to fraud. billion fraud signals in real time. billion fraud signals in real time.

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Fraud Idaho User Experience Data 144

Abrigo

AUGUST 13, 2024

Fraud Talk Stay up to date Podcasts for bankers and credit union execs, staff Below is a list of 10 banking podcasts, in no particular order, that discuss current events, strategic and policy issues, competition, digitalization advice, and more. Ahead of the Curve: A Banker’s Podcast 5. Bank Slate Convos 6. With Flying Colors 7.

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Fraud Community Community Bank Lending 221

PYMNTS

JUNE 9, 2020

The pandemic is spurring new opportunities for financial institutions (FIs) of all sizes to improve the range of services they deliver to end users amid the continuing shift to digital. Those integrated solutions, in turn, allow users to conduct their financial lives with speed, ease and security. The Importance Of Data.

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Data Security Online User Experience 151

PYMNTS

SEPTEMBER 20, 2018

Should banks and financial institutions (FIs) focus more on giving consumers the convenience and simplicity they expect — and even demand — or instead focus more on implementing stringent security measures, potentially at the expense of user experience? Fraud is on the rise, as 17 million people in the U.S.

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Security Trends Fraud User Experience 166

PYMNTS

APRIL 22, 2020

Banks must enable fast and seamless onboarding experiences, but these processes should also be secure. New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report.

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Security Data Fraud Tools 133

PYMNTS

FEBRUARY 27, 2020

Such data sharing and partnerships enable service providers to augment their products for better user experiences, and increasingly, small businesses aren’t keeping quiet about their demands for richer banking services. China Dips Its Does Into Unlocking Data. Enfuce Tackles Fraud In Open Banking.

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Fintech Fraud Data Lending 192

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. The pandemic has paved the way for fraudsters to try new avenues of attack, and is laying bare the limitations of the fraud prevention tools currently deployed.

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Fraud Examples Data Tools 208

PYMNTS

NOVEMBER 8, 2019

These platforms must ensure that all parties are trustworthy, putting them in precarious positions as they work to build their user bases without alienating either side with their anti-fraud measures. . It’s a matter of figuring out how you put in place the right balance to maintain a seamless customer experience.” .

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Fraud User Experience Customer Experience Tools 101

PYMNTS

OCTOBER 2, 2019

Recent data found that 77 percent of banks are already putting AI solutions to use, Chase among them. It is embracing AI and ML to help customers conduct business while preventing fraudsters from making off with data or financial assets. It uses ML solutions to detect fraud and highlight suspicious activities.

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Fraud Security Tools Data 109

PYMNTS

AUGUST 7, 2019

Hiding among these legit users are fraudsters and other bad actors that are increasingly targeting sharing economy platforms. Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. In fact, 71.5 percent are asked to provide their phone numbers.

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Report Fraud Survey User Experience 182

PYMNTS

JULY 31, 2019

According to PYM NTS’ research, 57 percent of all FIs will focus on this area over the next three years, making it the highest item on an agenda that also includes user experience, consumer engagement, and fraud and security. All FIs, however, will make data analytics a greater priority in the coming years.

Innovation 151

Innovation Report UX User Experience 151

PYMNTS

OCTOBER 19, 2020

Entrust , an identities, payments and data protection firm based in Minneapolis, on Monday (Oct. One challenge for companies is maintaining “a safe and secure flow of data ? including the data stored on physical credentials.” Sigma printers do not store customer data after successful printing is complete.”.

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Security System Cards Minneapolis 245

PYMNTS

MAY 9, 2018

CO-OP Financial Services said Tuesday (May 9) that it is releasing fraud-fighting tools for its client credit unions, a move that would beef up the role of artificial intelligence in helping those financial institutions become more secure. COOPER is not the only recent financial services enhancement introduced by CO-OP.

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Fraud Security Risk Management User Experience 100

PYMNTS

MAY 23, 2017

In the latest Data Drivers, Uri Rivner, head of Cyber Strategy and vice president of Business Development at BioCatch , stated that as countries around the world embrace faster payments, they may do well to heed some sobering statistics on fraud gleaned from the United Kingdom’s own experience. Data Point One: 300 Percent.

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Fraud Payments Data Cards 101

PYMNTS

NOVEMBER 23, 2020

According to Wimbish Potter , general manager of SMB payments at Deluxe : “SMBs are the backbone of our country, but [for legacy banks] it's hard … to reach out and say, ‘let me [create] a lending program,’ because they're not seeing the data come in anymore.”. For FIs, fresh data that they can’t see represents a new competitive threat.

Data 143

Data User Experience Fintech Lending 143

Abrigo

JUNE 4, 2024

"We are looking at everything from online account opening to our banking platform's user experience. Leveraging data to understand customer behaviors, like transaction patterns, provides early warning signs of potential issues and helps us retain customers more effectively."

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Compliance Community Bank Community Conference 221

PYMNTS

JULY 27, 2020

The data collected during the onboarding process is key to mitigating fraud risks for insurance companies, too. “Capturing so much data out front is primarily about the payment process, but it’s also about the probability or risk that a claim is valid,” he added.

Innovation 247

Innovation User Experience Industry Fraud 247

PYMNTS

NOVEMBER 17, 2020

percent) who do not use mobile banking apps because they are dissatisfied with those apps’ user experience (UX). Many inroads for mobile banking were made during the past several months, but banking app adoption rates are still lower than they should be. There are roughly 47.7 million consumers in the United States (or 42.4

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UX Mobile Data United States 234

PYMNTS

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. How Omnichannel Is Changing The Way Luxury Retailers Respond To Fraud.

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Fraud Retail Security Online 109

PYMNTS

OCTOBER 3, 2018

With our new NTAG 424 DNA tag chips, we are raising the standard for trusted product authentication while enabling a new world of unique mobile user experiences for products in just about any industry vertical.”. What’s more, manufacturers will benefit from providing a secure and personalized mobile user experience.

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User Experience Security Fraud Leadership 135

Payments Source

DECEMBER 13, 2020

The e-commerce expansion borne out of the pandemic heightens the balancing act between security and user experience, a challenge Forter and Nuvei hope to address through a mix of data analysis and an expansive network of merchants.

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User Experience Analysis Security Payments 160

PYMNTS

OCTOBER 2, 2018

The data is enough to spook even the hardiest of payment professionals. In the latest Data Drivers, David Divitt, vice president of financial crime products at Vocalink , told PYMNTS’ Karen Webster that there’s some light at the end of the tunnel when it comes to battling the bad guys. Relationships Preyed Upon.

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Fraud Course System Big Data 149