Abrigo

MAY 20, 2022

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for. Fraud Concerns. Starting Point.

Trends 195

Trends Fraud Training Survey 195

PYMNTS

JANUARY 21, 2021

Melissa Townsley-Solis, head of GIACT , discusses one of the negative effects of COVID-19: the escalation of fraud in the payments arena. She stresses the importance of small businesses fighting back against fraud in 2021 in order to achieve economic recovery. Fraud was red-hot in 2020. It’s time to fight back.

Fraud 180

Fraud social media Strategy Maine 180

PYMNTS

NOVEMBER 23, 2018

But those illegal marketplaces — often called the “Dark Web” — also present a juicy opportunity for those fighting fraud to detect and even preempt criminal activities than cost businesses revenue and, often, parts of their brand reputation. Early Warning Value. Enough of the basics. But that goes only so far.

Fraud 184

Fraud Cards Data Maine 184

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

PYMNTS

MARCH 2, 2020

Instead, she noted, an estimated $240 billion is going out the door to fraud, waste and abuse (FWA). From those manual reviews, these highly experienced investigators create rules, monitor suspicious activity and collaborate with law enforcement to mitigate fraud in the system, she continued. Modifying the System.

Fraud 216

Fraud System Security Industry 216

PYMNTS

JANUARY 4, 2019

The 2018 holiday season has barely ended and it’s a good bet that retailers and payments players have yet to identify all the fraud that took place. The rest of the year will bring other such attacks, and no doubt new attacks barely imagined even by veteran fraud-prevention experts. Criminal Rings. Criminal Patience.

Fraud 190

Fraud Online How To Course 190

PYMNTS

SEPTEMBER 25, 2020

We have deep dives on the financial health of Main Street small and medium-sized businesses (SMBs), digital accounts payable (AP), and GoodRx ’s initial public offering (IPO). . Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Report: Hanging Up The Phone On Mobile Remittance Fraud.

Maine 153

Maine social media Atlanta Massachusetts 153

PYMNTS

APRIL 7, 2017

“One of the main considerations when entering an agreement like this is the security element,” Christiansen told PYMNTS, adding that API technology enables a secure and reliable method of data exchange. Technology provides opportunities to use these records to create new consumer tools that help improve financial lives.

Data 191

Data Technology Security Tools 191

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’s where Kevin Lee comes in. Changing Scope. The stakes could hardly be higher.

Fraud 169

Fraud Data Maine System 169

PYMNTS

DECEMBER 10, 2019

The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. As of today, 85 percent to 95 percent of synthetic fraud identities are easily slipping past risk detection systems that are failing to flag them.

Fraud 158

Fraud System Data Tools 158

PYMNTS

OCTOBER 29, 2018

The payment and commerce opportunities of such technology is obvious, and the wearables market is helping to guide the way toward the potential (likely?) 29) by Kaspersky Labs and the University of Oxford Functional Neurosurgery Group noted, the technology is quickly gaining ground. Memory Technology. Security Vulnerabilities.

Fraud 176

Fraud Wisconsin Data social media 176

PYMNTS

OCTOBER 9, 2020

This includes upgrading digital security measures, but the resurgence of brick-and-mortar commerce has required upgraded technologies to accept contactless payments and mobile wallets. These include running scheduled checks on their platforms to detect fraud.

Fraud 188

Fraud Retail Report Online 188

PYMNTS

APRIL 13, 2020

Most Main Street businesses are shut down for the time being; workers are away from their offices; and as a result of social distancing, we as a society have concentrated all the activities once spread across a variety of destinations throughout the day into a single place — the home. Fighting Fraud On All Fronts.

Security 323

Security Fraud Tools Tennessee 323

PYMNTS

DECEMBER 13, 2018

The good news — and there is always good news — is that merchants, card networks, issuers and others in the payments and commerce space have pretty good technology, too (or, at least, theoretical access to it), and that prevention of crime provides ample room for innovation. He described the current era as “Fraud 3.0.”.

Fraud 160

Fraud Innovation Cards Payments 160

PYMNTS

SEPTEMBER 19, 2019

This has become a larger problem for FIs as they must not only deal with protecting customers from fraud, but also guard against bad actors armed with 4.1 Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. billion stolen credentials.

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

SEPTEMBER 21, 2020

Much of those revamped efforts come, perhaps not surprisingly, through advanced technologies. It's the combination of these technologies that becomes powerful.". It's the combination of these technologies that becomes powerful.". percent of FIs believe AI is an effective tool for stopping fraud before it happens.

Fraud 347

Fraud Report System FDIC 347

PYMNTS

AUGUST 31, 2018

Fraud, on the other hand, paid extremely well, a fact he learned at the age of 13 when he embarked on his first subscription scam. The part where he comes back to work as director of strategic development at We Fight Fraud , a security firm dedicated to helping businesses fend off fraudsters? Less expected. Hacking the Humans.

Fraud 163

Fraud Security Cards Data 163

PYMNTS

MARCH 20, 2020

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. It takes effort to balance seamless-but-fraud-free user experiences. Main Street USA Was Healthy In February, But Coronavirus Is The Wild Card.

Technology 181

Technology Apple New York City social media 181

Abrigo

AUGUST 13, 2024

Main Street Banking: A Podcast for Community Bankers 8. 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. Banking on Fraudology 3.

Fraud 221

Fraud Community Community Bank Lending 221

PYMNTS

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. However, most of these security risks will be familiar to banks, which have protected against digital fraud for decades now.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

JULY 24, 2019

In the latest Digital Fraud Tracker , PYMNTS examines how fraudsters are utilizing mobile and app-based channels for fraud attacks, as well as why fraudsters are still relying on phishing as a major fraud strategy even as they increase their use of new technologies and techniques. Around the Digital Fraud World.

Fraud 129

Fraud Strategy US United States 129

PYMNTS

NOVEMBER 21, 2018

The rate of contact center fraud has skyrocketed recently, growing by 350 percent during the past four years. In one recent move, for example, Avtex , a call center customer experience consulting and technology company, partnered with biometric identity company Daon.

Trends 190

Trends Fraud Customer Experience System 190

Abrigo

SEPTEMBER 25, 2024

Leveraging technology like E-Tran becomes even more crucial for financial institutions as economic conditions evolve, especially with recent changes in interest rates. Read Main Street Bank's story Abrigo SBA Lending Blog Lending & Credit Risk SBA Lending Breaking down SBA lending: What is E-Tran? appeared first on Abrigo.

Lending 379

Lending St. Louis Fraud Software 379

PYMNTS

FEBRUARY 17, 2020

With some analysts projecting a trillion IoT-enabled devices to be in use around the world by 2035, defending the IoT ecosystem is becoming more crucial as emerging technologies spread across business sectors and spark the development of smarter cities, homes and automobiles. Across the Intelligence of Things (IoT) Space. About The Tracker

blockchain 249

blockchain Maine Security Data 249

PYMNTS

MAY 29, 2020

We have deep dives on Main Street’s digital shift, ATM innovation and PPP loans. NEW DATA: Inside Main Street SMBs’ Digital Shift. FIs need to have the ability to find and thwart fraud, without accidentally sweeping up legitimate clients. The Flaw In Demonizing Big Tech. SBA reports show that $510.5 Trackers And Reports.

Maine 130

Maine ATM Innovation Millennials 130

PYMNTS

DECEMBER 21, 2020

Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. Department of Justice recently warning consumers to be on the alert for virus-related fraud. It also examines which solutions or strategies merchants can employ to prevent such fraud.

Fraud 210

Fraud Cards Retail Resources 210

PYMNTS

APRIL 24, 2020

As important, banks are increasingly focused on two main areas where they want to put AI to work: credit risk and payment services. Another key trend is that early AI adopters are more focused in how they are applying the technology. Our research reveals that while AI use remains limited among FIs, it has grown considerably, from 5.5

Payments 251

Payments Fraud Study System 251

PYMNTS

AUGUST 12, 2020

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital payments data, NACHA said in a Wednesday (Aug. The technology was to use the blockchain as well as Afinis interoperable and standardized APIs in addition to ISO 20022.

Data 198

Data Payments United States Fraud 198

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

Perficient

JUNE 19, 2024

Strategic Utilization of Intelligent Automation and GenAI Upside of Generative Artificial Intelligence The executives that Chandni and Carl spoke with identified two main benefits of AI. First , it can automate controls and detect fraud patterns earlier and proactively, enhancing the control environment without needing to hire many new staff.

Exercises 221

Exercises Compliance Risk Management Video 221

Abrigo

JUNE 4, 2024

Navigating credit quality, compliance, and technology integration The ThinkBIG conference hosted by Abrigo fosters networking and professional development for bankers. Compliance, technology integration, and attracting younger customers were among the panel’s chief concerns.

Compliance 221

Compliance Community Community Bank Conference 221

PYMNTS

JULY 13, 2020

Technology may have had a place in the real estate industry for some time, but its main purpose until now was in facilitating the consumer’s initial steps in the home buying process. Video technology-enabled and virtual home showings saw increased prevalence as stay-at-home orders were put in place.

Data 198

Data New York City New York Fraud 198

PYMNTS

APRIL 9, 2019

Medical diagnostic technology built by Google and a sister company can detect diabetic retinopathy — an eye condition that can cause blindness — with as much accuracy as a human doctor. It’s hard to find fault with one of the latest tests of artificial intelligence (AI).

Fraud 194

Fraud Study Data Maine 194

PYMNTS

NOVEMBER 17, 2020

Over 60 percent of banks say fraud volumes are rising, with over 40 percent reporting that average fraud hit value is going up. Under COVID, one study finds that 22 percent of Americans had been targeted by pandemic-related fraud attempts as of April.

Fraud 182

Fraud Study Analytics Tools 182

PYMNTS

FEBRUARY 1, 2019

IrisGuard, an iris-recognition solutions company, and Patientory, a cybersecurity healthcare data solution firm, are collaborating to combine iris biometric technology with the healthcare focused PTOYNet blockchain network, to add another layer of security and authorization on the blockchain, and help with patient identity procedures.

blockchain 193

blockchain Software Technology Data 193

PYMNTS

FEBRUARY 20, 2020

Consumers know that, for most payment types, they aren’t going to be liable for the fraud if it happens, so it isn’t acting as a major inhibitor or influence on their thinking,” Stuppy said. The Three Main Challenges . The fraud mindset is simple, he noted.

Mobile 201

Mobile Fraud Security Customer Experience 201

PYMNTS

JANUARY 30, 2020

This new reality isn’t without its challenges for financial services providers, however, with security and fraud mitigation among the largest concerns. By definition, real-time payments give financial institutions (FIs) almost no time to analyze and authenticate a transaction to prevent fraud and other financial crimes.

Fraud 107

Fraud Payments Regional Strategy 107