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Fraudsters’ Latest Target: Dead People

Back in the golden olden days of print newspapers, bad guys would regularly read the obituaries, then craft a plan to break...

Traveling A Tech Road for Better T&E Management

1.2K

Today In Data

Traveling A Tech Road for Better T&E Management

Beating the paper chase remains an elusive goal, but one that is devoutly pursued by firms of all sizes – especially when...

3.2K

Authentication

Winning The Arms Race Against Fraudsters — With Selfies

It may seem like ancient history now — about four years ago, the idea that consumers, merchants, financial institutions (FIs) and payment...

Taking Digital Authentication To The Next Level

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Today In Data

Taking Digital Authentication To The Next Level

Gaming companies are taking digital authentication to the next level. Smart agents are rising to bring better customer service and fraud prevention to financial institutions (FI)...

6.6K

Innovation

Smart Agents Are AI’s DNA — Here’s Why

Inspiration comes from anywhere and everywhere, and that goes for digital innovation in payments and commerce. Just ask Akli Adjaoute, CEO of Brighterion (a Mastercard company),...

Advances In Payments And Fraud Prevention

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Today In Data

The Latest Advances In Payments And Fraud Prevention

Point-of-sale financing just got a big boost via an acquisition that could lead to more payment synergies down the road. Meanwhile, the new...

4.7K

Regulation

Stripe On SCA’s $100B-A-Year Problem

Strong Customer Authentication (SCA) is set to debut on September 14, and there’s a $100 billion problem looming if merchants across Europe...

3.6K

Investments

Payfone Nabs $24M In Funding; Partners With TransUnion

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors...

5.2K

Security & Fraud

Why Patterns Are Breaking Fraud Fighting’s Old Rules

Fraud evolves as the bad guys do, trying to stay one step ahead of technology and risk management efforts. Jack Bloch, SVP...

Lyft Rolls Out Enhanced Driver Background Checks

2.5K

Security & Fraud

Lyft Rolls Out Enhanced And Continuous Driver Background Checks

Lyft, the newly public ride-hailing company, announced Monday (April 15) two new initiatives aimed at increasing the safety and security of its...

3.8K

Fraud Attack

Online Porn Pays Off For Fraudsters

Like it or not, pornography — among the most ancient human creative endeavors — is a central player in the digital world...

5.4K

Mastercard

Wanted: Cybersecurity Aces — Mastercard, Partners Have A Plan

Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and...

6.0K

Artificial Intelligence

AI Enters The FI Fast Lane

It’s hard to find fault with one of the latest tests of artificial intelligence (AI). Medical diagnostic technology built by Google and a...

4.5K

Digital Payments

How Payments Help The Sharing Economy Run On Trust

All those children’s TV shows and stories lied: Sharing is not easy. Sharing is, in fact, enormously complex, prone to fraud and...

3.4K

Retail

How FinTechs Start With The End In Mind For Payments

FinTech firms are creating offerings to make it easier for retailers to handle their payments on the back end. Modo, for example,...

Cybersecurity Technology At Credit Union

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Today In Data

The Push For Cybersecurity Technology At Credit Unions

Credit union (CU) associations and service providers are pushing for the adoption of technology to help with security and compliance. In retail,...

Phone Numbers Back Identity Verification

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Authentication

Identity Verification By The (Phone) Numbers

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce...

2.9K

Today In Data

Trust Cements Consumers To The Credit Union

To keep them coming back, get them to trust you – and work to keep that trust. That’s a wise maxim to...

3.0K

Security & Fraud

Financial Scams Against UK Consumers, Biz Up 16 Pct

Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. The Financial Times, citing the...

4.1K

Today In Data

Thinking Differently On Digital Payments And Data

Data breaches are a serious threat to the financial health of businesses and consumers. Is there a newer way to treat data that...

Mastercard Buys Ethoca To Boost Fraud Fighting Chops

6.8K

Partnerships / Acquisitions

Mastercard Buys Ethoca To Boost Fraud-Fighting Chops

Mastercard announced Tuesday (March 12) that it has inked a deal to acquire Ethoca, a global provider of technology to identify and...

9.4K

Digital Banking

How Wells Fargo Uses AI, Biometrics To Fight Money Laundering

Digital banking customers of today aren’t looking for the bank with the newest features — they’re looking for the bank that can...

4.5K

Today In Data

Adjusting To PSD2 And GDPR In Europe

Consumers in the European Union (EU) are adjusting to Payments Service Directive 2 (PSD2) and General Data Protection Regulation (GDPR), even though these regulations focus on...

5.5K

Fraud Prevention

Senate Hearing Grills Equifax, Marriott CEOs On Data Breaches

Data privacy and security is becoming a popular political issue, and the latest proof of that came Thursday (March 7) on Capitol...

4.3K

Fraud Prevention

A New Way To Gain Ground On Fraud

New technologies keep emerging in the fight against fraud — biometrics, for instance — but they are not the only part of pushing...

6.2K

Credit Unions

PenFed’s Playbook On Helping Government Workers Survive Shutdowns

From cannabis legalization to the federal shutdown, government actions are reshaping financial circumstances for consumers and businesses alike. In the March Credit...

6.9K

eCommerce

Marketplaces: The Difference Between Fail And Scale

Shopping on a traditional, narrowly focused eCommerce site is one thing. Consumers are dealing with a single merchant, and the working assumption...

Amazon: Cracking Down On The Counterfeit Culture

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Retail

Cracking Down On The Counterfeit Culture

All Deborah Copaken really wanted was a warm coat. A good coat. A Canada Goose coat. Sure, it cost more than $900...

Digital Tech Removes Drama From Payments

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Today In Data

Digital Tech Removes The Drama From Payments And Commerce

For consumers, merchants and financial institutions, drama usually means hassle, frustration and lost sales. When it comes to the fast-growing world of...

The Next Frontier In Connecting Across Channels

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Today In Data

The Next Frontier In Connecting Across Channels

It might be a bit of a cliché to note that we live in an increasingly connected world – though given that...

5.0K

Security & Fraud

Breaking 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...

Sift On Building A Fraud Prevention Team

4.1K

Fraud Prevention

Want 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...

4.7K

Artificial Intelligence

What 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...

Keeping Consumers Safe Amid Contextual Commerce

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Today In Data

Dynamic 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)....

GM Financial, Spring Labs Team To Verify ID

3.2K

Security & Fraud

GM 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...

5.9K

Partnerships / Acquisitions

Fraud 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...

Getting Past The Rules To Fight Online Fraud

3.9K

Security & Fraud

How ‘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...

7.7K

Fraud Attack

Red 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...

Payment And Retail Integration Goes Digital

2.7K

Today In Data

Payment 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...

UK Auditors Questioned Over Combatting Fraud

3.4K

B2B Payments

UK 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...

6.1K

Innovation

Artificial 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...

3.9K

Authentication

Why 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...

3.3K

Security & Fraud

Sift: 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...