Sections
Fraud Prevention
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2.9KSecurity & FraudBreaking Down Organizational Silos To Break Fraud
The fight against fraud really kicks in with customer onboarding — but that is only the first step, of course. Enhancing the...
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2.4KFraud PreventionWant Better Fraud Prevention? Build A Better Team
One day — maybe one that has already happened for some PYMNTS readers — we might look back with fondness and nostalgia on...
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3.0KArtificial IntelligenceWhat FIs Don’t Understand About AI And ML
Artificial intelligence (AI) and machine learning (ML) aren’t part of a far-off future. They are here, and they are at the bank. In...
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696Today In DataDynamic Friction, Keeping Consumers Safe Amid Contextual Commerce
Contextual commerce is everywhere, and much desired by consumers (just check out some of the latest stats from the Digital Consumer Report)....
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1.8KSecurity & FraudGM Test Drives Blockchain ID Verification
General Motors’ financing unit, General Motors Financial, is teaming up with Spring Labs, a blockchain company, to create identity verification solutions. In a press...
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2.1KPartnerships / AcquisitionsFraud Prevention Co IDology Bought By GBG For $300M
GBG, the U.K.-based identity data intelligence specialist, has announced it is acquiring IDology, a U.S.-based provider of identity verification and fraud prevention...
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2.4KSecurity & FraudHow ‘Dynamic Friction’ Could Be Online Fraud’s Kryptonite
Do you want to gain a step on fraudsters? Do you want to beat them while also making it as seamless as...
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6.1KFraud AttackRed Envelopes, Fortnite And The Rise Of Micro Money Laundering
One of the main differences between a successful criminal and a wanna-be is that the smart one knows how to hide (often...
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2.0KToday In DataPayment And Retail Integration Flows From Many Digital Fronts
One of the main goals of digital payments and retail is to encourage seamless connections – and not just when it comes...
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2.6KB2B PaymentsUK Auditors Questioned Over Role In Combatting Fraud
The rash of corporate accounting scandals to hit the U.K. in recent years has spawned a new debate over auditors’ roles in...
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3.8KInnovationArtificial Intelligence Innovation Steered By U.S. and China
Artificial intelligence has started — slowly — to make its presence felt in payments and commerce, including in fraud prevention, via early deployments...
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3.2KAuthenticationWhy Voice Authentication’s Doing Prison Time
What eventually becomes cutting-edge in retail and payments often originates in places that are dedicated to security, not commerce. New technology often...
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2.7KSecurity & FraudSift: Fraud Prevention Hinders Biz Growth
A new report has revealed a “critical disconnect” between fraud prevention and business growth. Sift‘s report, “Digital Trust & Safety: Aligning Security...
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3.5KAuthenticationWhy Super Bowl LIII Puts Online Betting’s Future Front And Center
As the Super Bowl approaches, there is the usual uncertainty. Which team will win? Which commercials will be talked about most in...
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5.5KAuthenticationBanks As The Keeper Of Consumer Digital IDs?
You can’t have trust without some type of trusted authority, and any type of authority is fragile without a reasonable level of...
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4.7KFraud PreventionBanks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors
Get ready for even more fake grandchildren when it comes to payments fraud. That’s one of the sad facts of life as...
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5.4KSecurity & FraudPSD2 Creates Turbulence For Travel Operators
With PSD2 in full swing in the European Union (EU), any merchant dealing with the payment data of EU citizens must upgrade...
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4.1KFraud PreventionWhen Fraud Risk Is Credit Risk In Disguise
Here’s a test: What’s fraud? Also, what’s a simple and legitimate matter of credit risk? Those aren’t trick questions, but rather a...
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4.4KFraud PreventionHow To Keep QSRs’ Digital Transformation Investments From Derailing
We all remember cramming — all that coffee and/or soda, all those books, notes and ink stains. Not to mention, all those late...
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3.1KSecurity & FraudAuditors Say EU Failed To Stop Misuse Of Funds
Auditors of the European Union said Thursday (Jan. 10) that the EU is failing to stop the misuse of funds to the...
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4.7KB2B PaymentsFICO Targets Data With New Fraud, AI Patents
Credit data company FICO has secured five new patents related to fraud, artificial intelligence and analytics technologies, according to StreetInsider reports on...
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2.7KAuthenticationRegulators Debate Consumer Ownership Of Digital ID
Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and...
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4.9KSecurity & FraudInfoSec CTO: How To Improve The Privacy IQ Of Smart Devices
When it comes to the world of cybercrime touching the connected smart devices that consumers are increasingly using, it is easy to...
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5.1KFraud PreventionHow To Fight Online Fraud: Ruin Cybercrime’s ROI
Let’s get a few things straight, a couple of points that might go against what every payments and commerce professional knows, but...
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3.0KRetailStudy: Merchants To Lose $130B In Digital CNP Fraud
A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. Juniper...
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3.4KSecurity & FraudTrulioo Launches Verification In Czech Republic, Slovakia
Trulioo, the global identity verification company, has announced that it now offers verification services to customers in the Czech Republic and Slovakia...
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4.1KFraud PreventionWhat Lies Beneath: FIs’ Biggest Cyberthreat
Well, let’s start with the bad news first, even at the risk of robbing some of the joy and optimism that comes...
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8.8KMerchant InnovationHelping QSRs Avoid Physical Retail’s Fate
Once upon a time — about a decade ago — there was this QSR executive who observed the rise of online retail,...
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2.7KToday In DataDoes An Active Holiday Shopping Season Portend A Happy Spending New Year?
The holiday sales season is nearly done for 2018, and it’s so far so good — particularly for eCommerce. But will 2018’s...
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3.6KAuthenticationWhitepages CEO: 2018 — The Year Of ‘Accelerated Disruption’
The following piece was written by Rob Eleveld, CEO of Whitepages Pro, as a contribution to our 2018 year-end eBook. Payments 2018...
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6.1KSecurity & FraudThe Consumer’s Role In Battling Fraud
You don’t always have to go out on a limb in payments to make an accurate prediction of things to come. Take...
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2.1KToday In DataToday In Data: Keeping Track Of Consumer Context
Context is everything, particularly in the age of digital retail where catching the consumer at the right moment is the difference between a conversion...
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5.3KMobileWant To Win Consumer Mind (And Wallet) Share? Think Context
The holidays are a time for both hyper-vigilance and hopes. Many consumers must watch their spending so they don’t exceed their credit...
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2.4KFraud PreventionCan Comic Books Boost Compliance And AML Efforts?
Comic books (along with their more sophisticated cousins, graphic novels) are treated not only as literature these days by fans and many...
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3.3KSecurity & FraudUp Next For Huawei: A Cybersecurity Push
In a rare press conference inside its Dongguan facilities, Huawei Technologies said it would spend $2 billion over the next five years...
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3.4KSecurity & FraudPayPay Vows To Strengthen The Security Of Its Payment App
Japanese payment provider PayPay said Monday (Dec. 17) that it will strengthen the security of its app after receiving several complaints from...
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4.4KFraud 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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5.1KSecurity & 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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2.7KToday 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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4.5KFraud 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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3.3KToday 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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9.7KSecurity & 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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5.4KSecurity & 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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6.5KSecurity & 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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4.2KSecurity & 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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7.3KFaster 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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6.3KSecurity & 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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3.4KToday 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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5.3KSecurity & 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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7.1KFraud 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...
