FICO

JANUARY 31, 2019

Payment Service Providers are pushing to implement their PSD2 Strong Customer Authentication (SCA) solutions ready for the September deadline. However, a significant minority were completely unaware that they could expect to see more demands for authentication. Pushing a Specific Authentication Method Will Cause Issues.

Authentication 40

Authentication Consumer Online and Mobile Banking Push-to-Card 40

PYMNTS

SEPTEMBER 14, 2016

ACI Worldwide advises that, as the world moves toward immediate payment ecosystems, a holistic view of the transaction, with layered controls from origination to the application of real-time rules, is the only way to push the pedal to the metal on faster payments and put the brakes on fraud. million in 2007 to £52.5 million in 2007 to £52.5

Fraud Prevention 77

Fraud Prevention Faster Payments Push-to-Card Payments 77

The Fintech Times

APRIL 3, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.

Embedded Finance 126

Embedded Finance Finance Non-Bank Online and Mobile Banking 126

PYMNTS

SEPTEMBER 12, 2018

Omni Security and Authentication. In the inaugural issue of the Omni Security And Authentication Report , PYMNTS explores how banks are using technologies like artificial intelligence (AI) and neural networks to identify and build customer profiles and safeguard themselves and their customers against the rising threat of fraud.

Security 55

Security Online and Mobile Banking Authentication Breach 55

PYMNTS

JULY 14, 2019

Japan, PayPay offers a cash incentive to each customer who downloads the app and authenticates it with a valid Japanese mobile number, according to reports. Users will get a 20 percent rebate for payments using a bank account, 19 percent with a Yahoo credit card and 10 percent with other types of credit cards.

Push-to-Card 54

Push-to-Card Credit Cards Digital Currency Mobile Payments 54

PYMNTS

JUNE 11, 2019

When it comes to authentication, customers largely prioritize convenience over safety, exposing them to fraud, and putting pressure on merchants and financial institutions (FIs) to offer convenient user experiences without compromising security. For more on these and other digital identity developments, download this month’s Tracker.

Verification 58

Verification Authentication Blockchain Push-to-Card 58

FICO

OCTOBER 20, 2020

The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. In 2019, banks’ losses of £456 million nearly equaled the £470 million attributed to card not present (CNP) fraud. Now, in 2020, APP scams are expected to eclipse card fraud, fueled by niche schemes related to the COVID-19 pandemic.

Scams 52

Scams Irrevocable Payment Push-to-Card Irrevocability 52

PYMNTS

DECEMBER 5, 2016

A recent survey by KPMG found consumers in China are embracing the push toward mobile payments at a much faster rate than consumers in the U.S. A recent survey by KPMG found consumers in China are embracing the push toward mobile payments at a much faster rate than consumers in the U.S. consumers and 74.6 percent of U.K. More security.

Mobile Payments 65

Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

PYMNTS

MARCH 14, 2017

New digital authentication tools are allowing India’s rural consumers to open bank accounts in the blink of an eye. India’s push toward becoming a cashless society is also allowing new customers to become part of the nation’s digital banking network. Bringing Digital Banking to India’s Rural Communities.

Authentication 51

Authentication Push-to-Card Database ATM 51

Neopay

MAY 28, 2024

“ Unauthorised fraud losses Losses due to unauthorised transactions across payment cards, remote banking and cheques were £708.7 “ Unauthorised fraud losses Losses due to unauthorised transactions across payment cards, remote banking and cheques were £708.7 Criminals stole £1.17 Banks prevented a further £1.25

Push-to-Card 52

Push-to-Card Scams Romance Scams Crime 52

PYMNTS

JUNE 29, 2017

Whereas mostly a concept only really understood by early adopter and tech enthusiasts a few years ago, these days mobile wallets have gone mainstream enough to feel a bit commonplace to consumers. Merchants are thinking about mobile wallets. Retailers are] seeing it not just as a process to be managed, but as an opportunity.

Push-to-Card 55

Push-to-Card Authentication Security Breach 55

PYMNTS

JUNE 29, 2018

With so much vulnerable data, companies are realizing the benefits of working together to fight fraud — and of going directly to data sources to authenticate consumer information. The Korea Federation of Banks recently unveiled the system known as BankSign, designed to serve as a blockchain-based authentication service for commercial banks.

Authentication 40

Authentication Breach Fraud Prevention Data Breach 40

PYMNTS

MARCH 2, 2020

For all the differences between finance and retail, that same overriding consideration around providing a better experience around a better value is now pushing its way into consumer-facing financial services. The “almost “is simply because it is not clear that it is even a legitimate quote. This may be one of those cases.

Innovation 88

Innovation Push-to-Card Consumer FinTech 88

FICO

OCTOBER 20, 2020

The UK is home to the most sophisticated Authorized Push Payment (APP) scams in the world. In 2019, banks’ losses of £456 million nearly equaled the £470 million attributed to card not present (CNP) fraud. Now, in 2020, APP scams are expected to eclipse card fraud, fueled by niche schemes related to the COVID-19 pandemic.

Scams 40

Scams Irrevocable Payment Push-to-Card Irrevocability 40

PYMNTS

AUGUST 15, 2019

And insofar as they shopped online, cards (credit and debit) were preferred by nearly three-quarters of respondents. In the intervening several years, several forces, most notably the Japanese government, have actively pushed to get the nation off its cash addiction — and into digital payments. percent).

Mobile Payments 61

Mobile Payments Online and Mobile Banking Payments Push-to-Card 61

PYMNTS

FEBRUARY 19, 2018

The newest PYMNTS eBook is full of expert insight into the future of B2B payments, from commercial cards to accounts receivable. PYMNTS.com got 39 of the payments industry’s top CEOs and executives to sound off on what’s next for the year and beyond. trillion: the current valuation of the U.S. trillion: the current valuation of the U.S.

B2B 40

B2B B2C Push-to-Card Commercial Card 40

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. At FICO World 2022, I hosted a session where we talked about global fraud trends like authorized push payment scams and romance scams.

Compromise 52

Compromise Romance Scams Push-to-Card ATM 52

Open Banking Excellence

AUGUST 29, 2023

Source: The Global Open Finance Index ( Click here to download ). According to European industry experts, France and Germany are ranked second and third, respectively, in terms of Open Banking implementation. However, with the first API opened by Axa Bank in 2012, other banks started to follow suit.

API 100

API Regulations Innovation Finance 100

FICO

MARCH 9, 2022

The last few years have thrown up many challenges for banks and card providers as everything has shifted online, one of the primary challenges being fraud scams. Our survey showed a positive outlook for banks and card issuers investing and innovating significantly in the digital space. When Fraud Controls Cause Irritation .

Fraud Prevention 59

Fraud Prevention Scams Online and Mobile Banking Account Takeovers 59

FICO

APRIL 26, 2023

The challenge for banks is balancing the ease and convenience of RTP with fraud prevention for authorized push payment fraud (APP fraud) – without impacting customer experience. Home Blog FICO Survey: Do Customers Think Banks Are Fair to Scam Victims? More than 10% of these reports involved losses, which totaled A$96 million.

Scams 52

Scams RTP Push-to-Card Fraud Detection 52

PYMNTS

NOVEMBER 4, 2019

Payments is never boring these days, and that holds especially true as a new decade looms, new regulations are kicking in and merchants, card brands and payment services providers race to build more secure and efficient customer experiences. That’s largely because of the part of PSD2 known as Strong Customer Authentication, or SCA.

Payments 40

Payments Authentication Authorization Push-to-Card 40

PYMNTS

MARCH 2, 2016

Paying in a store hasn’t ever really been much of a problem – until EMV, anyway — so convincing consumers that it was better for them to pull out their phone and tap at some of the places they shopped rather than pull out their card that was accepted everywhere they shopped was a struggle. “It’s instantaneous,” Bhat said.

Mobile Payments 57

Mobile Payments Payment APIs and Integration Payments Push-to-Card 57

FICO

APRIL 20, 2023

Growth in RTP = Growth in Scams With the global growth of RTP comes the corresponding global growth of authorized push payment fraud (APP fraud) , also widely known as scams. Globally, 38% of consumers are using real-time payments more than 5 times per month, most often to pay another person or a business.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52

PYMNTS

MARCH 22, 2018

In late 2016, India’s government surprised the world with a decision to push the race for payment digitization from a marathon to a sprint, by deciding to scrap nearly 85 percent of the nation’s physical currency reserves almost overnight. The move was highly controversial – and widely criticized. million to 6.3 The KYC Conflagration.

Mobile Payments 52

Mobile Payments Payments Digital Payments Push-to-Card 52

PYMNTS

JUNE 10, 2019

Stripe rolled out chargeback protection, Apple rolled out its take on sign-in authentication , Mastercard launched an open banking platform and Visa and Western Union paired on a global push to card payments – and those are just the top headlines. Luckily, the Data Dive is here to keep count…. Goodbye, iTunes.

Online and Mobile Banking 49

Online and Mobile Banking Push-to-Card Non-Bank Accounts 49

CoinRemitter

SEPTEMBER 22, 2023

Smishing and Vishing Smishing (SMS+phishing) is a phishing attack, where attackers trick individuals via text messages and make them click malicious links or download malware into their devices. Such clones may also contain some modifications that may push individuals to submit confidential information. What is a phishing attack?

Phishing 40

Phishing Smishing Credential Scams 40

PYMNTS

MAY 21, 2016

We’ve seen huge cases in this first release around card spend and that’s when we see peaks around month’s end and on certain days of the week,” he said. Remember when you first asked Siri some silly question only to receive a response that indicated she was onto your shtick and potentially not as thoroughly amused by it as you were?

Technology 46

Technology Push-to-Card On-Demand Innovation 46

FICO

DECEMBER 13, 2017

Because many Internet components push around email and other data for us humans, these machines have Internet Protocol (IP) addresses — the "phone numbers" for machines that want to talk to the Internet. We frequently talk about how PII data from data breaches is for sale on the dark web. ELI5 (Explain like I’m 5): What is the dark web?

Bots 65

Bots Addressing Encryption Security 65

PYMNTS

MARCH 10, 2016

Early Warning , a real-time payments, authentication and risk mitigation solutions provider, announced Wednesday (March 9) that Bank of America is now live in processing real-time P2P transactions through Early Warning’s clearXchange network. This week, PYMNTS dug into the week of mobile pay news to bring you the latest from the ecosystem.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

PYMNTS

JULY 11, 2016

In 2003, the majority of the online shopping was done at the desktop at the office when the boss wasn’t looking, and that experience included laboriously typing in card credentials at every site. Pop quiz on this Monday morning, so grab your coffee and look alive.

Online and Mobile Banking 42

Online and Mobile Banking Consumer Credential Push-to-Card 42

Tearsheet

SEPTEMBER 19, 2024

To learn more about how subscription management tools and digital receipts can impact cost reductions and increase operational efficiencies, download this white paper. The friction between a customer and a purchase has gone down, but the same cannot be said for when customers want to disengage from services like a subscription.

Posting 52

Posting Issuers Consumer Disputes 52

Fintech Labs Insights

JULY 22, 2015

Bankguard provides a revolutionary 2-Factor Authentication (2FA) solution which addresses weaknesses of current technologies that makes it susceptible to Man-In-The-Middle (MITM) attacks. It’s the one place to gather tips and techniques from a wide cross section of fintech players in just two days, all at an affordable price.

Payment APIs and Integration 29

Payment APIs and Integration Online and Mobile Banking API EMV 29

PYMNTS

MAY 22, 2020

These startups are leveraging blockchain technology to create app-based solutions that will let individuals download and control their health records and selectively share them with businesses, industries and health organizations. Analysts were nearly universally predicting a “V-shaped” U.S. End-to-end, things would recover by 2020’s end.

Blockchain 105

Blockchain Bitcoin Addressing Cryptocurrency 105

FICO

JUNE 14, 2022

This is not only the case for application fraud — where automation is used to create and submit hundreds if not thousands of applications — but also for card fraud. This is not only the case for application fraud — where automation is used to create and submit hundreds if not thousands of applications — but also for card fraud.

Bots 52

Bots Scams Financial Crimes Romance Scams 52

CB Insights

JULY 23, 2020

The Covid-19 pandemic has disrupted nearly every aspect of our lives, including tasks as fundamental as going to work. While many office workers are still working from home , others across the world are now beginning to return to their offices in person for the first time in months. TABLE OF CONTENTS.

Posting 101

Posting Cybersecurity Returns Online and Mobile Banking 101

PYMNTS

SEPTEMBER 6, 2016

That means our focus in payments should be about swapping out mobile phones for plastic cards at the point of sale inside the store — right? With inflection points, it’s hard to know that you’ve hit one until you are on the other side of it. Which brings us to where we are today. Guess what? Shift Number One | The Shift To Buying Online.

Online and Mobile Banking 49

Online and Mobile Banking Payments Embedded Payments Push-to-Card 49

PYMNTS

JANUARY 7, 2019

Welcome to the first Monday of 2019. According to the Chinese calendar, 2019 is the “Year of the Pig” – which may not, at first blush, inspire much excitement for the 358 days ahead of us. That makes it the most important year of the last decade. Naturally, I have a few thoughts. That just makes the point much stronger. Consider this.

Online and Mobile Banking 82

Online and Mobile Banking Mobile Payments Innovation Consumer 82