FICO

FEBRUARY 16, 2023

For 2022, we saw a significant increase in compromised cards resulting from skimming activity. This growth trend is concerning not only for the FIs, but also for the consumers whose card details and account information are impacted. And the data from January 2023 is already trending at nearly 10x increase over 2022.

Compromise 98

Compromise Debit Card Scams Smishing 98

FICO

AUGUST 16, 2022

Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debit card skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. Tue, 08/16/2022 - 11:10. Read about the panel discussion from FICO World 2022 that focused on other Global Fraud Trends. Darcy Sullivan.

Compromise 52

Compromise Romance Scams Push-to-Card ATM 52

FICO

NOVEMBER 30, 2022

Wed, 11/30/2022 - 16:30. Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. In the UK, it accounted for £249 million in consumer losses for the first half of 2022. FICO Admin. Tue, 07/02/2019 - 02:45. by Debbie Cobb. expand_less Back To Top.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

FICO

JULY 6, 2023

From Australia to the UK to the USA, consumers and financial institutions are facing a scourge of authorized push payment (APP) and authorized user fraud. billion in estimated authorized user/scam losses in the US in 2022, £485 million lost in the UK in 2022, 125 million scam victims in Brazil in 2021 (a shocking 59% of the population).

Demand Deposit Account (DDA) 52

Demand Deposit Account (DDA) Scams Real Time Payments AI 52

PYMNTS

JANUARY 16, 2019

In the latest edition of the PYMNTS “Matchmakers” podcast series, Karen Webster spoke with Tejash Unadkat, CEO at Motiv , a company that is trying to make a greater place for rings — yes, simple rings for fingers — as dominate wearable devices that can enable near-field communication (NFC) payments, purchases and consumer authentication.

Authentication 52

Authentication Consumer Use Case Consumer Authentication 52

FICO

APRIL 20, 2023

More Business Adoption Coming Businesses are expected to use RTP more too, with 32% of those surveyed saying they’ve used RTP to pay from a business to a person. In 2022, UK Finance reported that nearly 41% of fraud losses were due to APP fraud, where individuals are conned into sending funds via RTP to criminals.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52