PYMNTS

JUNE 4, 2019

In the old days, forged checks were the biggest problems that bank fraud departments had to manage. It is no wonder that fraud prevention is one of the problem areas that FIs hope artificial intelligence (AI) can help resolve. Yet, few FIs leverage this technology in their anti-fraud efforts — only 5.5

Fraud 195

Fraud System Study Comparison 195

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

Abrigo

FEBRUARY 22, 2024

Check fraud prevention is at the forefront for financial institutions Banks and credit unions report that check fraud is impacting their institution more than any other threat. You might also like this upcoming webinar on Homeland Security fraud investigations. These conditions can increase the likelihood of all types of fraud.

Fraud 195

Fraud Trends Training Maine 195

PYMNTS

JANUARY 25, 2021

This increased digital engagement can create challenges, however, as it opens up new avenues for fraud in addition to making transactions more convenient for customers. A Lloyds Bank study found that this type of fraud has increased fivefold over the past year, accounting for up to 1 percent of all loan applications.

Fraud 235

Fraud Digital Banking Missouri Trends 235

Abrigo

OCTOBER 28, 2021

Growing Cyber Fraud Concerns What can financial institutions do to prevent and detect cyber fraud? You might also like this blog on cyber fraud. Takeaway 1 Cyber fraud increased during the pandemic, leaving financial institutions working harder to prevent and detect it. Preventing Cyber Fraud.

Video 195

Video Fraud Training Analysis 195

Abrigo

MAY 12, 2022

Protect your financial institution from cybercrime With cybercrime constantly evolving, what can businesses and financial institutions do to prevent fraud? Cybercrime is a threat to businesses and institutions of all sizes and is at the forefront of the minds of those in the fraud prevention field. These measures can help.

Fraud 195

Fraud Training Software cryptocurrency 195

Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Takeaway 3 Prevention and detection best practices can curb hard dollar 1st-party fraud losses while protecting clients.

Fraud 195

Fraud Cards Trends Software 195

Abrigo

DECEMBER 27, 2022

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. DOWNLOAD . Takeaway 3 Stay one step ahead by updating your fraud mitigation processes to detect and prevent fraud schemes before they become hard dollar losses.

Trends 195

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PYMNTS

JANUARY 13, 2021

The prevalence of online commerce opens new doors for digital fraud, however, both from career fraudsters and opportunistic customers. Developments F rom The World Of Digital Fraud. Developments F rom The World Of Digital Fraud. For more on these and other digital fraud news items, download this month’s Tracker.

Fraud 189

Fraud Analytics Data Retail 189

Abrigo

DECEMBER 28, 2022

Most-read blogs on financial crime in 2022 Synthetic ID fraud, AML quality control, and SAR writing topics were among Abrigo's top blogs on AML/CFT and fraud this year. . Takeaway 1 AML/CFT and fraud professionals often keep up to date on industry trends by reading Abrigo's blog. Sanctions & synthetic ID. Keep me informed.

Fraud 195

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PYMNTS

MAY 4, 2020

Customers and merchants rely on their banks and credit unions (CUs) to ensure they have secure, convenient online transactions, and many FIs work to detect fraud by looking for abnormal purchasing behaviors that could indicate something is amiss. Around The FI Fraud Decisioning World.

Fraud 197

Fraud Data Tools Online 197

PYMNTS

JUNE 27, 2017

As mobile devices continue to be a pervasive force in the technology arena, so does the need for forward thinkers in the field. I saw this emerging need that our technology could address in a way that no one else was doing. JB: Generally, people underestimate how long widespread consumer adoption of new technology can take.

Innovation 145

Innovation System Mobile Trends 145

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. Takeaway 1 Investment fraud schemes known as pig butchering scams contributed to $3.3 billion in fraud losses in 2022. billion in 2021.

Fraud 195

Fraud cryptocurrency Training social media 195

Abrigo

SEPTEMBER 21, 2023

Internet bank fraud is here to stay; learn how to detect and stop it. Every type of fraud has something unique it leverages to dupe unsuspecting citizens. Learn what is different about internet bank fraud. Takeaway 1 It is important to monitor fraud effectively and consistently.

Fraud 195

Fraud Software Mobile Online 195

PYMNTS

JULY 2, 2020

How FIs Adapt Fraud Detection During Times of Behavioral Upheaval. In this month’s Feature Story, Mejia explained the strategies and technologies helping FIs overcome this challenge and shift fraud-fighting approaches to suit customers’ new habits. Download the Tracker to read more. Find the full story in the Tracker.

Fraud 222

Fraud Cards Florida Trends 222

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Credit card fraud is just one of many techniques that fraudsters leverage to scam FIs and their customers, but it is on the rise amid the pandemic. billion pounds ($5.2

Fraud 167

Fraud United States Industry Cards 167

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

OCTOBER 14, 2020

Restaurants are working overtime to ensure their ordering systems are as friction-free and secure as possible, with many deploying advanced technologies to do so. The chain recently unveiled a new restaurant design plan that will primarily leverage contactless digital and mobile technologies, with the first location planned to open in 2021.

Analytics 161

Analytics Fraud Data Mobile 161

Abrigo

JULY 10, 2023

Stay up-to-date on AI fraud trends to protect your clientele Emerging AI fraud schemes reveal holes in financial institution's defenses. Takeaway 2 Improving security questions is a good step to take to avoid text-to-speech AI fraud schemes. Here are several suggestions for tightening security.

Fraud 150

Fraud How To social media Security 150

Abrigo

MAY 24, 2024

Takeaway 3 By following this 5-step plan to prepare for FedNow, your institution can avoid unnecessary risk and optimize the new service. Introduction Guidance for preparing to implement FedNow As the financial industry evolves, adopting new technologies like the FedNow Service can provide significant advantages for financial institutions.

How To 243

How To Fraud Resources Georgia 243

PYMNTS

MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. Technology firms worldwide are working to meet the growing demand for reliable, remote and digital ID verification.

Fraud 247

Fraud Meeting Innovation New York 247

PYMNTS

NOVEMBER 30, 2018

In the latest Digital Fraud Tracker , PYMNTS examines the latest cybercrime threats facing retailers, financial institutions (FIs) and other companies doing business online, and the tools and technologies being used to fight digital fraud. Around The Digital Fraud World . About The Report.

Fraud 185

Fraud Survey Trends Tools 185

PYMNTS

MARCH 4, 2020

The value of the technology is evidenced by the vast number of APIs that businesses use and consume. The March B2B API Tracker ® explores how B2B APIs are improving services and what it takes to keep the technology safe from bad actors. For more on these and all the rest of the latest B2B API headlines, download the Tracker.

Fraud 242

Fraud Examples Security Management 242

PYMNTS

APRIL 24, 2020

Another key trend is that early AI adopters are more focused in how they are applying the technology. Moreover, FIs see this form of AI as being uniquely beneficial in the areas of payments fraud and credit risk. Among FIs interested in smart agent-based AI, 67 percent believe it would help address payments fraud, and 62.1

Payments 251

Payments Fraud Study System 251

PYMNTS

APRIL 26, 2017

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. Additionally, today’s marketplace is increasingly technology-dependent.

Fraud 121

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PYMNTS

DECEMBER 9, 2020

There are countless technologies banks are employing to help them in this task, but none are as effective as artificial intelligence (AI). The Playbook outlines six key operations that can be enhanced by applying AI systems, ranging from fraud detection to marketing optimization and even personalized chatbots.

How To 245

How To Management Report Strategy 245

Abrigo

SEPTEMBER 30, 2024

Streamline fraud and AML efforts Financial institutions that combine fraud and AML/CFT alerts into a single transaction monitoring system can strengthen defenses and improve efficiency. One critical shift is the integration of fraud and AML/CFT alerts through shared AML case management systems.

Management 195

Management Fraud Software Compliance 195

PYMNTS

AUGUST 7, 2020

A recent survey revealed that 93 percent of United Kingdom gaming compliance managers anticipate growing numbers of chargebacks and fraud as the pandemic prods consumers to access online services. Gaming platforms were facing increasing instances of fraud before the pandemic began. Fighting Back Against Gaming Fraud .

Online 222

Online System Fraud Video 222

Perficient

JANUARY 27, 2022

Technological innovation has recently ushered in a wave of digital assets with money-like characteristics, including cryptocurrencies based on the combination of cryptographic and distributed ledger technologies, which together provide a foundation for decentralized, peer-to-peer payments. Stablecoins pegged to the U.S.

cryptocurrency 294

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PYMNTS

FEBRUARY 14, 2019

On the other hand, use of technologies like fuzzy logic and advanced AI are still relatively rare. percent of FIs have fuzzy logic technology, and 5.5 As use of learning technologies like these grows more ubiquitous, FIs are continuing to learn the business areas in which they can add the most value. Today, nearly 70.5

Fraud 173

Fraud Study System Innovation 173

PYMNTS

MARCH 10, 2020

Agencies in the United States and European Union are both leveraging biometric tools such as fingerprint and facial scanners in their day-to-day business, with agencies finding that this technology reduces processing time and improves identity management and passenger flow. Banks are also deploying digital ID solutions to great success.

Payments 272

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PYMNTS

JUNE 17, 2019

However, digital platforms face a major barrier in delivering these experiences: poor fraud detection. For digital platforms, fraud represents a two-headed beast. As largely online operations, they are tempting targets for fraudsters and hackers — therefore, robust anti-fraud systems are vital. According to PYMNTS’ research, 60.8

Fraud 117

Fraud How To Payments Survey 117

Perficient

FEBRUARY 28, 2024

With new risks, shifting market dynamics, and the unstoppable march of technology, the insurance industry finds itself at a crossroads. Embrace technology to streamline expenses and drive revenue growth. To learn more, download The Future Of Insurance , available to purchase or to Forrester subscribers.

Innovation 251

Innovation Regional Strategy Trends 251

Abrigo

JULY 9, 2024

Takeaway 3 The rule also emphasizes that AML/CFT programs must be approved and overseen by the institution’s board of directors, and it encourages the adoption of new technologies. The financial services industry consistently implements new technologies and payment methods to serve its customers better and remain competitive.

Compliance 221

Compliance Fraud Regulation National 221

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

Fraud 158

Fraud blockchain System Cards 158

PYMNTS

JUNE 25, 2020

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour in 2019 for a total annual cost of $1.45 The new solution is designed to help businesses both prevent digital fraud and improve back-end efficiencies.

Fraud 228

Fraud Security Cards System 228

PYMNTS

FEBRUARY 2, 2021

Consumers most commonly used QR codes for contactless payments, but they also leveraged the technology to access discounts and information on product packaging, for example. This share of consumers using the technology is also increasing, with the total number of mobile payment users growing by more than 4 percent over the past year.

Fraud 215

Fraud Study Policies United States 215