Sections
Fraud Prevention
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2.3KFraud PreventionWhitepages Pro CEO: Fraud 3.0 And Why Merchants Are Unprepared
Computing power is dirt cheap, thanks to cloud infrastructure. Jurisdiction is always a few steps behind, though — who is really going...
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2.9KSecurity & FraudKPMG: How AI Defense Can Counter Faster Payments Fraud
Everything can seem right. But that’s only because the criminals are good. A person calls to inform a consumer that his or...
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1.7KToday In DataToday In Data: Banks Give Consumers Confidence Amid Data Breaches
Banks give consumers confidence that their data won’t fall into the wrong hands when they make purchases or reservations, thanks to investments...
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3.2KFraud PreventionMarriott Breach: Why The Worst May Be Yet To Come
Let’s try this a different way, if only to make a vital point with insincerity. We must give credit to the criminals...
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2.5KToday In DataToday In Data: The Most Wonderful Time Of The Year (For Cybercrime)
A tidal wave of consumers hit the stores (online and real world) for the kick-off weekend of the holiday shopping season, trying...
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5.4KSecurity & FraudWhy Consumers Will Shrug Off The Marriott Breach
In 1954, mathematician L.J. Savage published research about how consumers process information when making decisions. Dubbed the sure-thing principle, Savage’s work showed...
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3.1KSecurity & FraudHow OfferUp Works To Safeguard Both Buyers And Sellers
Digital marketplaces have become beloved by buyers and sellers — and fraudsters. Nick Huzar, CEO of OfferUp, says most current authentication standards...
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3.9KSecurity & FraudOfferUp CEO On Making Marketplace Authentication Smarter
The world is constantly getting faster. As a result, the speed of commerce and payments is coming closer to real time. This...
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3.4KSecurity & FraudUsing Automation To Accelerate Onboarding And Prevent Digital Fraud
Gold is like, well, gold to cybercriminals — that’s why knowing who’s trading it is crucial. The challenge, says COO Paul Mennega...
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5.6KFaster PaymentsFiserv: Where Faster Disbursements Really Matter
There’s no denying it: Customers want quick — even instant — access to funds that are rightfully theirs, which means payments are...
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4.1KSecurity & FraudKYC In The Precious Metals Business
Authenticating and validating a consumer’s identity accurately is crucial for businesses of all shapes and sizes. However, doing so securely, without sacrificing...
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2.4KToday In DataToday In Data: The Rise Of Call Center Fraud
Call centers are facing the potential of fraud from inside and outside their facilities, and they are taking multi-pronged approaches to tackle these security...
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3.6KSecurity & FraudMajor Retailers Brace For Gift Card Fraud
To counter fraud as the holiday season approaches, Best Buy, Target and Walmart made changes to their gift card programs. The moves...
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5.3KFraud PreventionCould The Future Of Fighting Fraud On The ‘Dark Web’ Actually Be Bright?
Keeping yourself protected from criminals can often seem a daunting task. Even the most eagled-eyed person — for instance, a veteran tourist in...
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5.6KArtificial IntelligenceIn The Age Of Algorithms, Will Banks Ever Graduate To True AI?
It’s the age of algorithms, but not all algorithms are the same — and not all of them constitute true AI. A...
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3.2KBlockchainWorld Blockchain Trade Consortium Launches With FinTech Platforms
The World Blockchain Trade Consortium (WBTC) officially launched this week in Singapore with the aim to utilize blockchain technology to lower costs,...
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5.5KArtificial IntelligenceWhen AI Technology Gets Up Close And Personal
Brighterion CEO Akli Adjaoute says there’s only one measure of AI’s true potential: When the tech is adaptive enough to understand that...
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4.9KB2B PaymentsCorporates Compile Their Payments Innovation Wish Lists
Corporate decision-makers are seeing more choices in technology and services when it comes to the ways they pay suppliers, employees and business...
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3.5KSecurity & FraudMoneyGram Settles With FTC For $125M
The Federal Trade Commission (FTC) said on Thursday (Nov. 8) that MoneyGram will pay $125 million in penalties after having violated a six-year-old...
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2.9KNewsFive At Five: France Aims To Tax Big Tech
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest European push...
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3.5KPartnerships / AcquisitionsNCR Buys StopLift To Prevent Theft At Self-Checkout
NCR, the banking and commerce solutions company, announced Tuesday (Nov. 6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision...
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3.8KB2B PaymentsWhy Real-Time Payments Need Real-Time Trust
It can be a moment of anxiety, worry and mistrust: that moment when a digital payment is sent into what was once...
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4.2KFraud PreventionChip Implants Raise Security Concerns
There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced...
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3.5KFraud PreventionMapping Fraud’s DNA
Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards...
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6.2KSecurity & FraudHow PSD2 And Open Banking Impact Security
In the latest Digital Fraud Tracker Deep Dive, PYMNTS examines the authentication challenges posed by PSD2, GDPR and other data sharing initiatives.
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4.0KSecurity & FraudThe Rising Tide Of Loyalty Fraud — And How To Stop It
Would one lock a Ducati to a lamppost with a loop of dental floss? Well, that’s about the equivalent of what’s protecting...
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6.6KSecurity & FraudTRENDING: Flimsy PINs, The Stalwart Protectors Of Billions Of Loyalty Rewards Dollars?
As data theft continues to surge, companies are looking to bolster their defenses to protect customers and prevent fraudsters from committing cybercrimes....
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4.5KSecurity & FraudWhy Using Rules Of Thumb To Predict Fraud Is A Fail
Rules of thumb are useful — until they aren’t. When it comes to deploying corporate resources in the battle against online fraud...
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4.9KDigital PaymentsAs Medical Billing Goes Digital, New Benefits — And Challenges — Arise
As the benefits of bringing more digital power to medical billing become clearer, there are other issues and concerns rising that underscore...
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3.5KMastercardMastercard On Why It Supports EMV Secure Remote Commerce Specification
Mastercard, the digital payments company, made the case in a blog post Monday (Oct. 22) on why it supports EMVCo’s release of...
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2.5KToday In DataToday In Data: Driving A Digitally Determined World
In an average week, the average consumer spends about 24 hours online – exactly 1/7 of their time. They use their phones...
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4.4KSecurity & FraudIn UK, Name Checks To Accompany Bank Payments
With an eye on fraud prevention, banks in the United Kingdom are slated to debut name checks to accompany bank transfers. The...
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7.9KFraud PreventionTo Fight Fake IDs And Online Fraud, Know Thy Enemy Better
To really beat someone, or something, one must respect and understand that person or organization, even if they dislike or loathe them....
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4.2KDigital BankingHow FIs Are Combating Increasingly Sophisticated Attacks
As cybercriminals ramp up their attacks, a growing number of FIs are turning to AI and machine learning to protect customers and...
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5.3KDigital BankingTRENDING: Is Sharing Cybercrime Data Key To Fighting Fraud?
In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar...
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2.2KFraud PreventionNATO Cybersecurity Push Promises Lessons For Payments And Commerce
The business of payments and commerce is not war — despite all that tough motivational talk that insists otherwise, almost always from...
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7.3KDigital PaymentsVisa Adds 20 Partners To Fast Track ‘Credentials On File’ Tokenization
Visa announced today the commercial expansion of its Visa Token Service for “credential-on-file token requestors.” This expansion involves adding 20 acquirer gateway...
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3.6KSecurity & FraudSEC Warns Cos To Prioritize Cybersecurity
The U.S. Securities and Exchange Commission (SEC) has issued a stern warning to public companies: tighten cybersecurity controls or risk being in...
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2.9KStartup Check-InTaking On Card Declines With Interoperability
Merchants are facing a sizable number of card declines, which are stubbornly averaging at around 15 percent. That challenge is not lost...
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2.9KFraud PreventionWhy Digital ID Is A Sports-Gambling Sure Bet
Few things make a sporting event more interesting than wagering a few bucks (or more) — whether it be a football game...
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4.4KSecurity & FraudWhy Faster Payments Don’t Have To Mean Faster Fraud
For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential...
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3.7KCredit UnionsPSCU CEO: The Quiet Power Of Credit Unions’ 100M-Member Network
Credit unions can be easy to overlook and underestimate — individually, they generally don’t have a massive amount of assets, their membership...
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1.9KData DiveData Dive, Columbus Edition: Square, PayPal And One Brave Bank Teller
Today is Columbus Day, a celebration of Christopher Columbus’ “discovery” of Americas 526 years ago. The “discovery” is in quotes for three...
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5.5KFraud AttackHow An HSBC Teller Stopped A $500 Million Bank Heist
What did you do for your employer and/or coworkers today? Arrive an hour or two early to get a jump on a...
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2.1KToday In DataToday In Data: New Faster Payments Normal
Faster payments in the U.S. and around the world are increasingly becoming the norm. Consumers and business want it and there is money to...
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5.0KFraud Prevention
Look-Alike Domains Emerge As Huge Holiday Fraud Threat
Look-alike domains are increasingly finding favor with criminals eager to rip off online shoppers, according to a new report from Venafi, a...
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3.2KEconomyChina Tariffs Add To Retailer Holiday Worries
It’s beginning to look a lot like Christmas (well, if you squint and aim your gaze past the Halloween decorations). And from...
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2.4KB2B PaymentsProfitStars Targets Online Bill Pay Fraud For Banks
ProfitStars, the Jack Henry & Associates division that provides risk management solutions for financial institutions, announced its latest fraud tool on Wednesday...
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1.9KToday In DataToday In Data: Fighting Fraud Without Frustrating Merchants
For all the time, energy and effort spent fighting fraudsters, they are persistent in looking for ways to fight back. The costs are myriad,...
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2.6KFraud PreventionWhy Strong Authentication Fights Fraud, But Consumers Prefer Convenience
Doppelgängers are real — but they’re not phantom twins in pre-modern German fairy tales: they are online, and they can be used...
