FICO

JUNE 7, 2022

Previously, these were published on the FICO Community, but going forward they will be published on the FICO.com blog. Previously, these were published on the FICO Community, but going forward they will be published on the FICO.com blog. FICO® Advisors regularly monitor in-depth data reported by Canada’s leading credit card issuers.

Credit Cards

FICO

JANUARY 22, 2021

Last year I blogged a lot about how payments and fraud patterns have changed. But despite the COVID pandemic having effected massive changes in the ways consumers transact, credit card fraud is still a “thing,” and a big, ever-changing thing at that. Special Tools to Combat Credit Card Fraud.

Credit Cards

FICO

MARCH 9, 2020

has become a prepaid card store, with rows and rows of gift and other prepaid debit cards on display. In April 2019 The Wall Street Journal reported , “The total amount loaded on general-use prepaid cards in the U.S. This is almost identical to the existing fraud protection provisions for credit cards.

AI

Stax

NOVEMBER 13, 2023

Authentication: The payment terminal validates the transaction by sending the payment details to the payment network (such as the card issuer—e.g. Contactless cards All cards today can come contactless. There are contactless credit cards, debit cards, and even gift cards.

Contactless Payments

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. As such, the UK’s challenges and successes can be instructive for card issuers in other countries across Europe.

Scams

Cardfellow

SEPTEMBER 30, 2023

You may remember Senator Durbin’s name as the senator behind the Durbin Amendment , the bill that is responsible for regulated interchange on debit cards issued by large banks and permitted minimum charges on credit cards. Now, Senator Durbin hopes to take on credit card interchange fees. Try CardFellow now !

Credit Cards

PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Apple’s Expensive Card. Venmo Steps up Its Game Against Zelle.

Venmo

Stax

JANUARY 15, 2024

Do they favor credit over debit cards? Some may be deterred by the surcharges, but others may prefer credit cards’ convenience. businesses were grappling with one of the fastest-escalating operational costs: card fees. These events burdened cash and debit card users disproportionately. Fair competition.

Credit Cards

Cardfellow

FEBRUARY 27, 2025

In fact, there are two areas where it can excel: debit routing and fraud prevention. In this article, well look at the first one – how AI can help save your business money through debit card interchange optimization. It also blocks the card networks from restricting the networks that a business (or card issuer) can choose.

Debit Transaction

Payment Savvy

JUNE 12, 2023

If you find yourself facing the all too frequent Venmo “there was an issue with your payment” predicament, we hope to alleviate some of the anxiety through this blog post today. Our secure, state-of-the-art program allows credit cards, debit cards, and ACH payments to be processed in real-time through a custom combination of secure channels.

Venmo

PYMNTS

SEPTEMBER 7, 2016

“If you are a minimum wage worker and there is a fee associated with the debit card, that’s a potential minimum wage violation if it dips you below the minimum wage,” said BOLI spokesperson Charlie Burr. The issue of payroll cards has surfaced in other states, too.

Payroll

FICO

JANUARY 19, 2022

As my colleague Matt Cox recently blogged , an enterprise fraud approach delivers a composite view of a customer’s inflow and outflow activity by breaking down traditional silos of credit, debit, deposits and payments (person-to-person, mobile, wire transfers, ACH and more), adding application fraud detection to that view.

Financial Crimes

PYMNTS

AUGUST 5, 2016

Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. And NCR researchers at the Black Hat conference this week confirmed that story when they presented a way for the bad guys to commit fraud using chip cards.

Bitcoin

Global Fintech & Digital Assets

MARCH 8, 2024

The rule targets a statutory loophole that the CFPB asserts large credit card issuers exploited to exact excessive late fees from consumers. The Rule was initially proposed in February 2023 and was intended to go into effect in October 2023 (for more information on the proposal, see this Latham blog post ).

CFPB

FICO

DECEMBER 7, 2021

Unlike most weight loss gimmicks, I’m pleased to report that my billfold has only been getting slimmer and sleeker since I first talked about the wallet diet in my 2018 predictions blog. Shockingly, post-pandemic, my wallet seems to be withering away; when I leave (work from) home, I often don’t even think to bring it with me.

Account Takeovers