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US Card Skimming Grew Nearly 5x in 2022, New FICO Data Shows

FICO

Using the data from these reports, issuers can act immediately to address known compromised cards with tactics like block/reissue or implement strategies to increase monitoring of those cards for signs of fraudulent activity. Knowing where skimmers are most prevalent is also a powerful piece of knowledge. Debbie holds a B.A.

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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Nowhere is this outrage more deafening than the halls of Congress , where member after member now demands that executive heads at Equifax be placed on chopping blocks and massive regulatory changes across the credit reporting industry be made. Senator Elizabeth Warren (D – Mass.) I think we all know the answer to that question now.

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As PSD2 Gets Off the Ground, Fraudsters Gear Up

PYMNTS

Call centers will likely experience increased activity in the coming months and years, as PSD2 rules calling for “increased demands on consumer authentication could result in higher demand on call centers from blocked payments and/or increased customer friction, as well as [have] an impact on the efficiency of automated monitoring systems, which are (..)

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With This Ring, I Thee Pay — Buy, And Authenticate

PYMNTS

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.

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U.S. Card Skimming Fraud Grows 700+% in First Half of 2022

FICO

Using information from Card Compromise Reports (CCRs) and Suspect Reports – both of which are available through FICO’s Card Alert Service – banks and other financial institutions can quickly act on known compromised cards for block and reissue, or monitor cards more closely for signs of fraudulent activity. Debbie holds a B.A.

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How To Build A Global Digital Identity Network

PYMNTS

That’s because in the emerging markets, data — especially in digital form — is harder to come by, a nod to that analog-to-digital stumbling block. “We’re anticipating that the next two or three billion are going to be exponentially harder to reach.”.