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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Being too permissive without adequately scrutinizing transactions enables more fraudsters to make off with funds. Security challenges are mounting, too. The Face of Fraud.

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PULSE Debit/ATM Network Taps New Product Management, Operations Leaders

PYMNTS

The nationwide debit/ATM network PULSE has tapped Jennifer Schroeder to serve as its executive vice president for product management, the company announced Wednesday (Jan. A Discover Financial Services company, PULSE is one of the nation’s leading debit/ATM networks. billion transactions. “In percent in 2017 to 6.7

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US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. On average, active debit cardholders completed 34.6 transactions per month, including 30.7 ATM transactions.

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FICO’s Take On Debit Security

PYMNTS

The data of 4 million breached debit and credit cards was even posted for sale in late 2019, stolen from four restaurant chains between April and September 2019, and recently made available for purchase on Joker’s Stash, an online black market. Card issuers, networks and retailers all must play a part in defending against such breaches.

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PULSE Taps New Leaders Of Product Management, Operations

PYMNTS

The nationwide debit/ATM network PULSE has tapped Jennifer Schroeder to serve as its executive vice president for product management, the company announced Wednesday (Jan. A Discover Financial Services company, PULSE is one of the nation’s leading debit/ATM networks. billion transactions. “In percent in 2017 to 6.7

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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

PYMNTS

In the old days, it was ATMs and the point of sale [POS],” he said. In looking for activities that can point to anomalous behavior at a specific point of transaction, governed by a set of rules, Lerdal pointed to ATM-slamming. This is when an ATM that typically does five transactions per hour from 8 a.m.

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Deep Dive: Why FIs, Businesses Must Readjust Their Debit Fraud Protection Strategies In 2021

PYMNTS

Merchants, card issuers and banks are no strangers to facing off against evolving fraud threats. Debit-related fraud is a particular concern for businesses and banks as failing to thwart such schemes could have significant and costly consequences. Debit And The Fraud Catch .