Venerable retailer. Iconic name. Easy mark for online fraud and a knockout to the bottom line? Yes, if manual review means missing warning signs of fraudsters while turning away good orders, as boxing equipment vendor Everlast found in its move toward eCommerce. Radial Senior Product...
In today’’s fast-moving, tech-infused retail arena, one of retailers’ top vulnerabilities centers around their ability to data security. As such, it should come as no surprise that most retailers are very protective of any information exchanging virtual hands. Get the Full Story Complete the form...
Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal finances, like credit scores, and would protect them from identity theft. Get the Full Story Complete the form to unlock this article and...
With EMV changing the way payments are made in person, so, too, is the nature of fraud changing. Card not present (CNP) fraud is becoming a favorite avenue pursued by criminals, meaning merchants must do more than just block and tackle — they must also be...
Jumio, the creator of Netverify Trusted Identity as a Service (TIaaS), has announced the addition of eyeball tracking to Netverify’s biometrics capabilities. Eyeball tracking requires users to follow an icon on a mobile device’s screen with their eyes as it moves in a random pattern...
Fraud protection will likely be an ongoing task for merchants. This week, German-Israeli payment security company Fraugster debuted its answer to the fraud conundrum. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Machine learning can help find real cyber transaction fraud while letting the “good” payments go through. TSYS’ EVP Karim Ahmad and Featurespace CEO Martina King discussed their partnership geared toward battling the bad guys to reduce online fraud.
The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
FICO has announced the launch of FICO Card Compromise Manager, an anti-fraud solution that proactively detects and prioritizes compromised merchants and data breaches or theft involving card data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
