EBizCharge

JUNE 12, 2025

Many merchant accounts and services also offer advanced security measures, such as fraud detection and tokenization, to protect both the business and its customers. While merchant accounts can offer numerous benefits, Canadian businesses may still face some obstacles when processing payments.

Process 52

Process Accounts Payment Gateways Gateways 52

FICO

APRIL 3, 2018

While adoption of the EMV payment standard in the US (as embodied in chip cards and panic at the checkout ) has been slow, fraudsters’ gravitation to card not present (CNP) fraud has been anything but. merchants who decide not to, or are unable to accept EMV cards), most consumers have “embraced the chip.”

Fraud Detection 85

Fraud Detection EMV Issuers Chip Cards 85

FICO

JUNE 11, 2020

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

EMV 72

EMV Compromise Fraud Prevention CHIPS 72

Fintech Finance

JULY 9, 2024

Enhanced Security: Leveraging Mastercard’s advanced security features, such as EMV chip technology and sophisticated fraud detection systems, NOW Money customers can conduct transactions with confidence and security.

Visa 98

Visa Financial Inclusion Fraud Detection Financial Literacy 98

Payments Source

MAY 13, 2020

Even before the coronavirus outbreak, cybercriminals were shifting their attention away from point-of-sale terminals — but the retail industry still absorbs the most attacks seeking to compromise databases or networks.

EMV 95

EMV Database Compromise Fraud Detection 95

PYMNTS

JANUARY 30, 2020

Financial institutions (FIs) cannot simply expect the popularity of debit to persist unaided, however, and must continue to innovate to keep fraud rates at a minimum. Debit network PULSE recently sought to boost its security by adopting a FICO fraud detection platform that can help it quickly detect and respond to suspicious activities.

Debit Card 73

Debit Card Security Fraud Detection Federal Trade Commission 73

PYMNTS

JANUARY 3, 2019

The report found that while eCommerce merchants are mostly focused on the point of transaction and session and behavioral monitoring, as well as validating the identity of a user before any transaction, they should take a more pressing role in preventing CNP fraud. “A Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

Clearly Payments

DECEMBER 2, 2024

Accepts contactless and EMV chip cards , which are more secure than magnetic stripes. Ensure the system supports modern features like contactless payments, mobile wallets, and EMV chip cards. Look for features like fraud detection , multi-currency support , and a smooth user interface. Pros Fast and secure transactions.

Credit Cards 105

Credit Cards Payment Gateways Gateways Point-of-Sale (POS) 105

PYMNTS

SEPTEMBER 26, 2016

According to a study by PYMNTS in conjunction with fraud detection company Forter, fraud jumped 137 percent in the U.S. EMV payments have made it more difficult for criminals to steal using fake credit cards or by hacking into payment terminals software. from March 2015 to March 2016.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

PYMNTS

MAY 1, 2018

With the biometric card, consumers can have a secure experience at any EMV terminal either by contact or contactless payment. When shopping and paying in-store, the biometric card works like any other card at EMV card terminals globally.

Enrollments 47

Enrollments Visa EMV Issuers 47

PYMNTS

AUGUST 29, 2017

“As a result, fraudsters that continue to move their attention to the call center after being stymied by EMV technology and other security advances are finding it harder to penetrate what’s traditionally been fertile ground for fraud.”.

Fraud Detection 41

Fraud Detection Verification EMV Authentication 41

PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. In this week’s Hacker Tracker , PYMNTS was joined by Alex Cagnoni, CEO of Datablink , who shared some interesting insights on some of the latest news across the cybersecurity landscape.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards FFIEC 56

PYMNTS

JANUARY 31, 2020

These organizations need to fend off anything threatening, combatting both popular and emerging debit fraud attack methods. Doug Clare, vice president of fraud product management at FICO – a consumer credit score, analytics software and fraud detection platform provider – knows this dilemma well.

ATM 59

ATM Debit Card Fraud Detection Credential 59

FICO

OCTOBER 31, 2019

As the adoption of EMV chip card technology has fueled a move to card not present (CNP) fraud , FICO analytic scientists are keenly focused on improving FICO® Falcon models’ CNP fraud detection. In early 2019 we rolled out our highly effective new high-value fraud CNP models to better combat fraud around the world.

Fraud Detection 40

Fraud Detection Chip Cards Authentication EMV 40

Stax

MARCH 4, 2024

The significance of EMV cards EMV cards use a microchip that generates a code for each transaction, which is transmitted instead of the card number as the transaction processes. The role EMV cards play in preventing counterfeit cards and reducing fraud cannot be overstated.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

SEPTEMBER 19, 2019

False positives can undermine fraud detection systems’ effectiveness, making it crucial that developers understand the importance of seamless, accurate data input processes. Fighting fraud requires several layers of protection to be effective in detecting criminals while approving trustworthy partners.

AI 51

AI EMV Point-of-Sale (POS) Online and Mobile Banking 51

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

Data Breach 70

Data Breach Breach Cybersecurity Risk 70

PYMNTS

DECEMBER 7, 2016

The good news about EMV, Williams noted, is that it did make a notable dent in card-present fraud. Interrupting a consumer transaction with intrusive authentication and fraud checks eventually works against the greater goal of growing revenue because it runs the risk of annoying the consumer and the merchant losing the sale.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

Stax

APRIL 30, 2024

The company has EMV enabled point of sale systems to accept digital wallet payments as well as cards. The Riverside online solution comes with a virtual terminal, QuickBooks plug-in, recurring billing, and fraud detection. For POS systems, they have partnerships with Clover, Revel, Ovvi, or TouchBistro.

Online and Mobile Banking 88

Online and Mobile Banking Payment APIs and Integration Credit Cards Payments 88

The Payments Association

OCTOBER 4, 2024

The rise of online shopping, contactless payments, and mobile wallets has increased the number of points where fraud can occur. While technologies like EMV chip cards (chip & pin), tokenisation, and biometrics have been developed to enhance security, fraudsters continue to adapt.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

PYMNTS

AUGUST 1, 2016

While leading the CA Northern Europe Payment Security division, he pioneered a range of innovative solutions in authentication and fraud detection for issuers. James manages the global TSYS partnership, supports the implementation of e-commerce payment security solutions, and assists customers with the e-commerce implications of EMV.

Payment Security 40

Payment Security Security Fraud Detection Card Issuer 40

FICO

MAY 11, 2017

I was looking over my blog archives the other day and read this chestnut from December 2015: “With the introduction of EMV in the US, both [card not present and application fraud] are up – especially the sophistication of the synthetic identities used in application fraud.”. Well, isn’t that the truth.

Fraud Detection 45

Fraud Detection Origination EMV Process 45

FICO

AUGUST 21, 2020

Financial institutions balanced the intrusiveness of their fraud detection efforts with their desire to deliver the best customer experience possible. Turning Up Fraud Defenses—and Customer Education. We at FICO see early signs that collusive fraud rings and bust-out fraud are again on the rise.

Phishing 52

Phishing Scams Fraud Detection Issuers 52

PYMNTS

AUGUST 18, 2017

Here are a few of the top things every eTailer should know about fraud in 2017. Card Not Present Fraud Is A Big Threat. EMV chip cards have made it more difficult and expensive for fraudsters to clone cards, so cybercriminals are focusing on channels where they don’t need to present one — namely, eCommerce.

Security 52

Security Account Takeovers Chip Cards Cybersecurity 52

Payment Savvy

JULY 3, 2024

EMV Chip Technology EMV (Europay, Mastercard, and Visa) chips generate unique, one-time codes for each transaction, making it much harder for fraudsters to clone or counterfeit debit cards. Faster transaction processing can improve your cash flow and financial management.

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

JUNE 22, 2017

The company recently published a new eBook , Managing The Risk Of Fraud: The View From Corporate Finance, in which Vesta and CFO Research surveyed 155 senior-level finance executives in the U.S. to understand how payments fraud is limiting corporates’ path to success.

Innovation 43

Innovation Chip Cards EMV CHIPS 43

PYMNTS

APRIL 22, 2016

The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year. But as it does so, eCommerce fraud goes up. And since the U.S.

EMV 40

EMV Online and Mobile Banking Fraud Detection Processors 40

PYMNTS

JULY 9, 2018

With consumer data now available in what Barnhardt called “wholesale” quantities, fraudsters have a real incentive to create synthetic identities — fraudulent consumer profiles, engineered to defeat traditional fraud detection solutions by using as much real consumer data as possible. Fraud Proofing The Future.

Fraud Detection 44

Fraud Detection Enrollments Addressing Verification 44

FICO

JUNE 14, 2021

While it’s true that many criminals use card application fraud to cash out with advances or buy high-value merchandise that can be easily liquidated, BNPL plans offer a lucrative new avenue for enterprising fraudsters, who will almost certainly probe the limits to find vulnerabilities.

BNPL 52

BNPL Online and Mobile Banking Credit Cards Wire Transfer 52

Payments Source

NOVEMBER 8, 2017

Call centers are becoming a prime target for fraud due to some shockingly lax controls and the ease of social engineering attacks in an environment where employees are trained to put the customer first.

Fraud Detection 90

Fraud Detection EMV Mobile Payments Payments 90

Payments Source

NOVEMBER 6, 2017

For most retailers heading into this year’s holiday-season sales crunch, the epic Equifax data breach was only the latest in a series of escalating threats that are having a profound effect on the way they handle payments.

Data Breach 86

Data Breach Risk Breach Payments 86

PayHawk

APRIL 18, 2023

EMV Europay, Mastercard, and Visa, a set of global standards for payment card security and authentication. F Fraud Detection The process of identifying and preventing fraudulent transactions. Fraud Filters Software applications or rules that automatically detect and prevent fraudulent transactions.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

EBizCharge

AUGUST 30, 2024

Up-to-date terminals that accept EMV chip cards and contactless payments can also help merchants mitigate or avoid higher fees associated with manually keyed transactions. For instance, integrating a payment gateway that optimizes interchange fees or software that automatically updates credit card information can lower costs.

Credit Cards 52

Credit Cards Processors Card Issuer Process 52

EBizCharge

MAY 15, 2024

Their security measures and fraud detection systems actively safeguard cardholder accounts, and they facilitate billing by creating statements while also initiating fund transfers. During transaction authorization, issuers evaluate fund availability to ensure seamless payment progression.

B2B 52

B2B Wire Transfer Payments Payment Gateways 52

PYMNTS

SEPTEMBER 6, 2016

While leading CA’s Northern Europe Payment Security division, he pioneered a range of innovative solutions in authentication and fraud detection for issuers. James manages the global TSYS partnership, supports the implementation of eCommerce payment security solutions and assists customers with the eCommerce implications of EMV.

Payment Security 42

Payment Security Security Payments Online and Mobile Banking 42

EBizCharge

MAY 12, 2025

Europay, Mastercard, and Visa (EMV) Standards: EMV Standards mandate the use of chip-enabled cards to prevent counterfeit fraud through unique transaction codes. Regular maintenance also ensures that your system complies with evolving PCI, EMV, and other regulatory compliance standards.

Process 52

Process Security Payment Gateways Encryption 52