PYMNTS

FEBRUARY 14, 2020

Although fraud losses from banks, retailers and online platforms have continued into 2020, so has security innovation. That means protecting both mobile and online purchases as well as finding ways to better identify legitimate customers as fraud becomes more sophisticated.

Online and Mobile Banking 60

Online and Mobile Banking Fraud Prevention Authentication Account Takeovers 60

PYMNTS

MAY 20, 2020

For merchants and financial institutions (FIs), the “new normal” of commerce — done increasingly online — means that battling fraud is a bit like feeling an elephant. We’re transacting across mobile phones, tablets and laptops, buying everything from toilet paper to meat, and having goods delivered to our doorsteps. Permanently.

Issuers 83

Issuers Fraud Prevention Online and Mobile Banking Rules 83

Seon

MAY 8, 2024

With new tools like private browsing, VPNs and anti-tracking settings to further complicate the prevention and detection of fraud, bad actors are more adept than ever at concealing their identities and intentions online. What is Device Intelligence?

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

PYMNTS

JULY 18, 2018

As companies settle into a world governed by Europe’s second Payment Services Directive ( PSD2 ), and as financial institutions (FIs) and FinTech companies explore the possibilities of faster payments and unbundled banking , attention to how to secure those activities is increasing.

Fraud Prevention 41

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

Seon

JULY 10, 2024

These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. Real-Time Decisioning : Advanced transaction monitoring services can make quick, real-time decisions about allowing or blocking transactions. Fraud transaction monitoring’s scope is narrow.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

PYMNTS

OCTOBER 11, 2018

Moreover, while big banks tend to generate customer complaints more easily than they generate customer praise and enthusiasm, credit union members seem to genuinely like banking with them. What consumers like about using credit unions, as opposed to big banks, is that the service seems more personalized to meet their needs.

Credit Union 56

Credit Union Fraud Detection Online and Mobile Banking Account Takeovers 56

PYMNTS

SEPTEMBER 28, 2017

The fact remains that the very data that is readily available across all conduits of transactions – from phone numbers to Social Security numbers – are there for the taking, across all manner of firms, and can be used as building blocks to create sophisticated ways to defraud the innocent. Retailers and banks are scared of customer attrition.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

PYMNTS

NOVEMBER 6, 2017

The numbers are sobering, as always: The Federal Trade Commission (FTC) has found that account takeover fraud is on the rise. Research from digital identity and payments executive Cherian Abraham has estimated that Apple Pay fraud rates are roughly 6 percent of transactions at banks, 60 times the fraud rates seen with credit cards.

Security 43

Security Consumer Office of the Comptroller of the Currency Identity Theft 43

FICO

MAY 19, 2020

Blocked cards and frozen funds that are under investigation are a major headache to consumers and nimble organizations will be doing all they can to minimize these and to look at how they might make their policies more flexible. This will result in more cases of account takeover during this time and for months ahead.

Account Takeovers 52

Account Takeovers Identity Theft Scams Financial Crimes 52