PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. The rule of thumb here is that after committing account takeover fraud, those fraudsters lie in wait before using the stolen account.

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Fraud Risk Management Customer Experience Trends 159

PYMNTS

MAY 18, 2018

When examining the 1,450 white papers, the WSJ also found 111 that repeated entire sections word-for-word from other papers, and at least 121 of the projects didn’t disclose the name of even one employee. While some of the firms are still raising funds, others have shut down.

Bitcoin 102

Bitcoin Fraud Examples Security 102

PYMNTS

DECEMBER 16, 2019

A pan-European request to pay solution is considered “missing piece of the puzzle” for real-time payment services, according to an EBA white paper. “As Fraud is one of the bigger obstacles faced by banks, FinTechs and other financial players that wish to adopt instant payments.

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PYMNTS

SEPTEMBER 18, 2019

17) and released a white paper about R2P and the benefits PSPs will experience by having a real-time messaging solution. “As In our white paper, we explain why our users are keen to work on request to pay and why now,” said Erwin Kulk, head of service development and management at EBA CLEARING. “We

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Payments Security Fraud Meeting 116

FICO

NOVEMBER 21, 2022

First-Party Fraud Must Be Stopped Across the Customer Lifecycle. While those in the financial services industry would term this first-party fraud, it is evident that a significant minority of people don’t think of such behaviour as unacceptable. FICO Admin. Tue, 07/02/2019 - 02:45. by Sarah Rutherford. expand_less Back To Top.

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Fraud Survey Data Analysis 52

FICO

OCTOBER 28, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. In the fraud management space, BI can be thought of as a descriptive performance reporter. Source: FICO Blog.

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Analytics Fraud Big Data Data 52

FICO

JULY 31, 2018

This is the fifth in my series on five keys to using AI and machine learning in fraud detection. For continual performance improvement, fraud detection professionals should consider adaptive technologies designed to sharpen responses, particularly on marginal decisions. What Do You Need Besides the 5 Keys? Hey, we’re done!

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Analytics Fraud Strategy Tools 88

FICO

DECEMBER 9, 2020

In my previous post I looked at what was driving synthetic identity fraud and discussed the difficulties in classifying both first-party fraud and synthetic identity fraud. An inherent challenge with first-party fraud is sorting out fictional customers from real ones without reducing business. What to Do.

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Fraud Strategy Analysis Analytics 52

FICO

MAY 19, 2021

What Is First-Party Fraud? From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. by Matt Cox.

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Fraud Groups Analytics Compliance 52

FICO

NOVEMBER 24, 2020

Traditionally, credit application fraud has been perpetrated in two ways: First-party fraud – where the criminal uses their own identity to commit fraud, even if they obscure some details in order to prevent detection. Where fraud data sharing is in place, their scope may well be limited across multiple organizations.

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Fraud Data US Groups 98

The Paypers

JULY 9, 2020

The Secure Technology Alliance has released a white paper, which shows that cards with dynamic security code features might prevent card-not-present (CNP) fraud.

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Fraud Security Technology Cards 28

FICO

JULY 21, 2020

As my colleague TJ Horan says in his post , the worlds of fraud and compliance are moving closer together. The objectives of the fraud department are different from those of the compliance team and traditionally they have come at the thorny issue of accurately identifying and understanding their customers from different angles.

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Let's Talk Payments

SEPTEMBER 15, 2016

Europe’s first chargeback remediation specialist launches new white paper for ticket vendors to help identify and tackle the rising costs of ticketing fraud Dublin, Ireland, 14 September 2016 – Global.

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Fraud US 40

FICO

MAY 19, 2021

For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. Perhaps surprisingly, consumers sometimes use their own personal information to commit fraud. Both of these crimes are first-party fraud.

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Fraud Groups Analytics Compliance 52

FICO

OCTOBER 29, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. Fraud analytics is an umbrella term covering a lot of technologies — let’s look at the two big categories.

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Analytics Fraud Big Data Data 63

FICO

JULY 30, 2019

Before getting started, CSPs should determine who “own”’ and is accountable for subscription fraud. Is it the fraud team? Also, is there a clear and agreed fraud risk appetite that has exec sponsorship and is agreed by all stakeholders? In part, this is due to the ever-changing nature of fraud. Credit risk?

Fraud 52

Fraud How To Analytics Analysis 52

PYMNTS

JUNE 16, 2018

Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper. Using Masterchain will reduce operating costs by up to five times, the white paper claims, and will accelerate contract processing.

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FICO

JULY 31, 2019

Fraud management and AML compliance are both about tackling financial crime, but often they are managed by different teams, each with their own processes and technology. It’s also true that fraudsters do not operate in siloes when they transfer the money from their frauds into cash by laundering it through a network of money mules.

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Fraud Compliance Study Management 40

FICO

JULY 17, 2018

This is the third in my series on five keys to using AI and machine learning in fraud detection. In fraud detection, artificial intelligence relies on raw data as well as predictive characteristics that serve as inputs to a model that produces a score. Your fraud system has less than a second to make a risk determination.

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Analytics Fraud Sacramento CA 40

FICO

JULY 24, 2018

This is the fourth in my series on five keys to using AI and machine learning in fraud detection. In fraud detection, a model will benefit from the experience gained by ingesting millions or billions of examples, consisting of both legitimate and fraudulent transactions. It’s the computing equivalent of human experience.

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Fraud Training Analytics Data 49

FICO

JULY 10, 2018

This is the second in my series on five keys to using AI and machine learning in fraud detection. A robust enterprise fraud solution combines a range of analytic models and profiles, which contain the details necessary to understand evolving transaction patterns in real time. Key 2 is behavioral analytics.

Analytics 40

Analytics Fraud Strategy Examples 40

The Paypers

DECEMBER 30, 2016

(The Paypers) Fraudsters have on new account fraud which has grown 113% according to a white paper form The Electronic Funds Transfer Association (EFTA).

Fraud 28

Fraud 28

FICO

NOVEMBER 5, 2018

The ‘ Modernization Target State’ lays out Payments Canada’s vision for the future and it does talk about fraud prevention. The references are vague, however: “centralized fraud and risk management capabilities” are referenced but the nature of this protection is not defined. The post Will Real-Time Rails in Canada Bring More Fraud?

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Fraud Risk Management Payments Strategy 40

Let's Talk Payments

FEBRUARY 27, 2016

Smart Card Technology Can Increase Security, Decrease Payment Vulnerability, Reduce Fraud and Improve Workflow for the Healthcare Industry PRINCETON JUNCTION, N.J. Press Release] – At the same time as the.

Cards 40

Cards Payments Fraud Security 40

PYMNTS

APRIL 1, 2020

A blockchain system can also attack fraud in the food business. According to the white paper, the automation of serialized product data exchange using blockchain can potentially eliminate the need for human audits and counting, increasing the productivity and efficiency of the retail supply chain.

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blockchain Retail Study Examples 256

Abrigo

JUNE 23, 2020

We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success. They will also provide you with resources (blogs, case studies, webinars, white papers, etc.) Fraud Prevention. Fraud Trends. Fraud Prevention. from time-to-time.

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Software Community Resources Fraud 195

FICO

NOVEMBER 7, 2018

Health care payers use a variety of tools and solutions to fight fraud, waste and abuse in their fee-for-service healthcare claims. But how can they help reduce your losses to health care fraud, waste and abuse? For more information, see our white paper on Uncovering More Insurance Fraud with Analytics.

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FICO

JULY 2, 2018

Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has a long track record of successful use. Recently, however, there has been so much hype around the use of AI and machine learning in fraud detection that it has been difficult for many to distinguish myth from reality.

Fraud 52

Fraud Analytics Training Strategy 52

PYMNTS

MAY 3, 2016

In its latest white paper, titled “Omni-Channel Payments for Merchants: Myth or Reality?,” Regulation is a thorny issue for the industry – for some, a necessary intervention while, for others, often outdated, hard to implement in a timely manner and causing unnecessary friction in the payments value chain,” the white paper stated.

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Fraud Retail Compliance Survey 100

FICO

AUGUST 30, 2018

This is a guest blog from Jonathan Williams , an expert in payments, identity and fraud prevention, working for advisory firm Mk2 Consulting. In July, the European Banking Authority (EBA) published their guidelines for reporting fraud under Payment Services Directive 2 (PSD2).

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Fraud Report Guidelines Conference 40

PYMNTS

MAY 10, 2019

In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless. New NACHA Rule.

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Payments Fraud Security Customer Experience 178

PYMNTS

JUNE 21, 2016

There certainly is room for improvement, according to the white paper, as middle market companies, which are defined as those with annual sales below $500 million, spend an estimated $7.8 Firms have tread cautiously with respect to electronic payments, with costs dominating the argument against transitioning.

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United States Payments Cards System 125

FICO

JUNE 29, 2017

FICO has just released an interactive infographic on European card fraud trends since 2006, showing that card fraud in the 19 countries studied has hit a new high of €1.8 In the UK, card fraud also a hit a new high in 2016, £618 million, though the rise was less than the rise from 2014 to 2015. CNP Fraud Takes Over.

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Fraud Cards Analytics Trends 55

FICO

DECEMBER 5, 2018

Digital banking channels are increasingly popular, and behavioral profiling of customers is vital in preventing new types of fraud. The open banking revolution makes understanding each customer’s behavior even more important in preventing fraud by considering all the aspects of transactions. Understanding Recurring Behavior.

Analytics 45

Analytics Fraud System Data 45

Chris Skinner

MARCH 3, 2017

Just to put this in context, there are some very good white papers out there on the subject. Launched work to address the industry’s most pressing payment system security issues: identity management, data protection, and fraud and risk information-sharing. Well that research survey is now live.

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America Payments Fraud System 150

FICO

OCTOBER 12, 2016

Globally, the European ATM Security Team reported a 19% increase in ATM-related fraud attacks from 2014 to 2015. Earlier this year, FICO reported a six-fold increase in US ATM fraud from 2014 to 2015. To learn more about this technology, see our white paper Putting a Wide-Angle Lens on Fraud. What else can we do?

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ATM Fraud US Cards 40

PYMNTS

AUGUST 4, 2020

The white paper of Banana.Fund discussed a business development firm that helped burgeoning upstarts across the beginning phases and provided those who put up the early investments with transparency. million back and didn’t follow through, CoinDesk reported, citing the forfeiture complaint.

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