PYMNTS

FEBRUARY 18, 2020

In the rush to get new products and services to market, he said, FIs may forget about some of the fundamentals of fraud prevention – and smaller banks and CUs, with relatively scarcer resources than their larger brethren, may find themselves overwhelmed by the challenges of preventing fraud. Proactive Fraud Prevention.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

PYMNTS

JULY 18, 2018

How exactly fraud attacks and fraud prevention will change in the post-PSD2 world remains unclear, but change is certain, according to observers. In fact, call center fraud already costs companies $0.58 The report covers ways in which call center operations are fighting fraud — including in Europe, the home of PSD2.

Fraud Prevention 41

Fraud Prevention Account Takeovers Online and Mobile Banking On-Demand 41

PYMNTS

JUNE 2, 2020

The world of payments processing will be a very different place by the end of 2020 than it was at the beginning — one where securing transactions will take on a new priority for merchants and consumers alike. Firms like Braintree, Chase, Moneris and BlueSnap are already leveraging Kount’s fraud prevention tools. The Path Ahead.

Compliance 55

Compliance Authentication Push-to-Card Fraud Prevention 55

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. In fact, the Wendy’s fast food chain was recently hit with such a suit in Illinois.

Consumer 64

Consumer Laws Privacy Authentication 64

PYMNTS

NOVEMBER 16, 2016

The eCommerce fraud protection company, headquartered in Cleveland, Ohio, announced last Friday (Nov. 11) that it will be making its eCommerce authentication (CCA) platform available to thousands of small, emerging businesses; independent retailers; and entrepreneurs looking to get a piece of that $117 billion holiday pie.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

PYMNTS

SEPTEMBER 28, 2020

This fraud targets all demographics and generations, with U.S. consumers ages 30 to 39 reporting the most incidents but Americans aged 50 to 59 reporting the greatest losses.”. Strong consumer authentication comes in several forms, and it’s time to pick one. “A

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

JUNE 26, 2020

Many of these consumers are exploring digital banking for the first time, however, and are frustrated by customer onboarding pain points. Time-consuming authentication methods, redundant application forms and sluggish processes can all drive away potential customers. Developments From Around the Digital-First Banking World.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. As any consumer who has ever cursed their way through a series of CAPTCHA tests can attest, they aren’t always that easy to solve. The Zero-Authentication Future.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

PYMNTS

JANUARY 3, 2019

includes enhancements to support new authentication procedures for online purchases, which could help stop unauthorized card not present transactions. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

FICO

MAY 3, 2023

In the 2023 FICO Global Scams Survey , we asked consumers worldwide what they think banks could do better to combat scams and create a better customer experience for victims. In India and the Philippines , 70% or more of consumers would like to receive such warnings. This sentiment varies widely by region.

Scams 10

Scams RTP Fraud Detection Real Time Payments 10

PYMNTS

APRIL 27, 2016

Step One: Correlate a consumer’s participation in various types of social networks (traditional, blog-based and professional) and their associated fraud risk. Socure found that while an individual who belongs to no social networks brings a fraud risk of 22.9 percent when a consumer participates in all three types.

Verification 46

Verification Addressing Authentication Participant 46

FICO

APRIL 26, 2023

According to the Australian Competition and Consumer Commission’s Scamwatch , for example, more than 57,000 scams were reported in the first two months of 2023 alone. According to the 2023 FICO Global Scams Survey , 51% of consumers worldwide believe their friends or family members have been victims of similar scams.

Scams 52

Scams RTP Push-to-Card Fraud Detection 52

PYMNTS

APRIL 27, 2016

Along with giving consumers the ability to purchase tickets online, the train service also made the shift to accepting digital tickets. This is really the key to a lot of my [decisions] for fraud management – the issuer will always have the greater relationship with, and the greater of the consumer behavior, than any merchant,” he explained.

Authentication 40

Authentication Issuers Fraud Prevention Best Practices 40