Fiserv, a provider of financial services technology, announced news on Tuesday (March 6) that it is now offering Mastercard Decision Intelligence, a fraud detection service. In a press release, Fiserv said financial companies working with Fiserv will be able to access the service, which will...
Visa announced news on Friday (Feb. 23) that counterfeit fraud, as measured in dollars, dropped 70 percent in September 2017 compared to December of 2015. In an infographic provided by the payments giant, the company estimated that 2.7 million merchant locations now accept chip cards,...
This is not a test. Beware the credit card test. There may be no escaping credit card fraud, as it comes in one form or another. Overall, one subset of card fraud is on the rise: Last year, Radial’s eCommerce Fraud Technology Lab said credit...
Payment fraud losses are top of mind for financial institutions around the country, the Federal Reserve Bank of Minneapolis reported. Based on a survey of close to 300 financial institutions (FIs), The Federal Reserve Bank of Minneapolis found that payment fraud loss was an issue...
No news probably isn’t good news when it comes to call center fraud during the holidays. IntraNext CEO Patrick Brown told Karen Webster in a recent interview that he had yet to hear any holiday horror stories from retail clients or read any online, but...
They say gift cards are the gift that always fits. Apparently, this is especially true if you’re a fraudster, and many are using this unlikely currency to support their drug habits. Law enforcement and drug users report that the scam isn’t hard to pull off,...
The Securities and Exchange Commission (SEC) announced news on Monday (Dec. 4) that it obtained an emergency asset freeze to stop an initial coin offering (ICO) fraud that has already raised $15 million from thousands of investors since August. The move is the first enforcement...
Place a stone in a stream and the water will flow on around it, diverted from its path but not from its destination. Unfortunately, fraud defenses work the same way. Shore up against one type of threat and those clever, fluid fraudsters will always...
Call centers are a $13 billion industry in the U.S. alone. In the inaugural PYMNTS Call Center Commerce Tracker™, in collaboration with IntraNext Systems, PYMNTS dives into the commerce ecosystem that drives them, along with news and a directory of top providers in the space....
