The Payments Association

DECEMBER 18, 2024

With millions of people relying on mobile phones but lacking access to traditional banking services, digital wallets provide crucial financial servicesoffering everything from secure transactions to mobile banking options.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

M2P Fintech

APRIL 17, 2025

Experience APIs: Experience APIs interact directly with customer-facing channels such as mobile apps, web platforms, or third-party applications. Here is a use case: A mobile banking app may use Experience APIs to show real-time transaction alerts, enable biometric login, or allow customers to apply for a new card.

API 52

API Payment APIs and Integration Non-Bank Fraud Detection 52

The Fintech Times

OCTOBER 31, 2024

The updated proof of concept will help banks identify customers who are likely to leave or consider moving money outside of the bank and identify personalised offers using AI and machine learning.

FinTech 59

FinTech Verification Money Laundering Regulatory Compliance 59

The Paypers

JUNE 12, 2025

According to the survey, which sampled 2,000 US adults with banking relationships in early February 2025, 67% of respondents have now used P2P services, such as splitting bills or sharing expenses, a notable rise from 40% reported in 2020. Additionally, 62% described these apps as essential to their financial routines.

P2P 41

P2P Financial Crimes Crime Embedded Finance 41

Fintech News

OCTOBER 22, 2024

Respondents also said they had adjusted their transaction limits to reduce the impact of fraud losses (53%), enhanced security on their banking apps (40%), undertaken security audits of their mobile banking infrastructure (32%), and partnered with network operators or device makers to enhance security (26%). About 55.3%

APACS 122

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 122

PYMNTS

SEPTEMBER 8, 2020

Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Authentication and fraud prevention have become especially important in a time when the world is using the internet for many daily needs due to the pandemic.

Mobile Banking 52

Mobile Banking Mobile Deposit Online and Mobile Banking Authentication 52

PYMNTS

MAY 22, 2019

In banking, the customer journey, of course, begins with the first steps involved in setting up a relationship — offering up names, addresses, Social Security numbers (SSNs) and a wealth of other data to set up accounts. These are important questions that your fraud prevention solution should be able to answer — quickly.”.

Fraud Prevention 67

Fraud Prevention Online and Mobile Banking Verification Accounts 67

PYMNTS

APRIL 3, 2018

How to bring mobile banking to the realm of the spoken word – beyond the mere recitation of account data, beyond call and response? Banking is, of course, about more than account balances. It’s not online banking, it’s not mobile banking, it’s a digital user experience,” he said.

Mobile Banking 49

Mobile Banking Online and Mobile Banking Push-to-Card Use Case 49

PYMNTS

OCTOBER 30, 2018

Part of the reason is the different ways in which consumers view security and the risks involved with using mobile apps to handle their finances, from deposits to money transfers and other associated services. Consumers, too, play a role in the wider mobile banking security picture.

Mobile Banking 73

Mobile Banking Authentication Security Fraud Prevention 73

PYMNTS

OCTOBER 1, 2020

She said there are a number of basic pillars that should be in place in order to have an effective mobile card app, where cardholders and issuers interact. Those apps, she said, should provide security and fraud prevention, transaction insights, “seamless DIY” and customized engagement.

Online and Mobile Banking 106

Online and Mobile Banking Disputes On-Demand Issuers 106

FICO

NOVEMBER 10, 2020

Another is with FICO® Customer Communication Services , which employs email, voice, text and mobile app alerts to verify suspicious transactions in real time. If you weren’t using your bank’s mobile app a few months ago, you very well may be now. Follow my latest views on fraud and financial crime on Twitter @dougoclare.

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

PYMNTS

JULY 21, 2020

Credit card fraud is just one of many techniques that fraudsters leverage to scam FIs and their customers, but it is on the rise amid the pandemic. The increase in credit card fraud is part of a larger trend over the past several years, with such losses totaling $16.9 Developments Around The Financial Crimes Space.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

AUGUST 5, 2016

“The trend shows a continual increase in mobile banking usage by corporate banking clients,” said Ross Hogan, global head of fraud prevention at Kaspersky Lab. “This trend is certain to continue as corporate and consumer banking clients alike migrate to the convenience of mobile banking.”

Fraud Prevention 43

Fraud Prevention Mobile Banking B2B Transactions 43

The Payments Association

MAY 12, 2025

If your bank still measures success in the issue of plastic cards, how will you stay relevant when the next billion cards are nothing more than a token in a wallet? Reset of the digital expectations One third of UK adults (33%) now live largely cash-free, and six in ten manage money through a mobile banking app.

Debit Card 88

Debit Card Payment APIs and Integration Online and Mobile Banking Processors 88

PYMNTS

OCTOBER 26, 2018

Maeder, co-founder of the Loyalty Fraud Prevention Association , a group that offers resources, information and best practices to companies with loyalty programs, digital fraudsters have been using account takeovers (ATOs) to target these offerings. There are ill-intentioned characters mixed in with those loyal customers, however.

Fraud Prevention 57

Fraud Prevention Account Takeovers Authentication Accounts 57

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

MARCH 31, 2020

Digital and mobile banking may be more popular than ever, but it would be a mistake to count out the power of in-branch services just yet. Consumer surveys have found that 75 percent of financial institution (FI) customers place a great deal of importance on branch visits , with 70 percent visiting banks on a monthly basis or more.

Privacy 69

Privacy Fraud Prevention Enrollments Authentication 69

The Paypers

JANUARY 9, 2018

(The Paypers) Urban FT , a provider of mobile banking and mobile check deposit services, and Fortress Plus , a provider of financial fraud prevention, have partnered to co-market their services to banks and credit unions.

Fraud Prevention 28

Fraud Prevention Credit Union Mobile Banking Checks 28

PYMNTS

APRIL 2, 2020

Fraud perpetrated against customers’ personal and financial data is a major challenge for all FIs, and the industry’s digital push into mobile banking is opening up new channels for both customer interactions and cybercriminals. CUs need to ensure that their operations are secured if they want to maintain member loyalty.

Credit Union 69

Credit Union Online and Mobile Banking Mobile Banking Security 69

PYMNTS

JULY 10, 2020

Creating secure banking environments without generating undue customer frictions relies on strong front- and back-end approaches to help FIs spot red flags, create login experiences that are harder for bad actors to crack and guide customers on how they can avoid falling victim to ATOs. Fighting Username And Password Theft.

Multifactor Authentication 53

Multifactor Authentication Authentication Credit Union Fraud Prevention 53

PYMNTS

JUNE 10, 2020

“Even in pre-pandemic times,” he said, “some of the key initiatives from financial institutions were focused on improving the customer experience, while at the same time focusing on fraud prevention.”. Admittedly, financial institutions (FIs) were not bringing all their efforts to bear on pivoting to mobile and online channels.

Online and Mobile Banking 58

Online and Mobile Banking Authentication Message Standards Fraud Prevention 58

PYMNTS

MAY 30, 2016

Wells Fargo has announced the creation of a mobile wallet that will serve as a bridge between its 17 million mobile banking customers (and 70 million overall) and the growing network of mPOS terminals and ATMs. “We Sharing data is the first step toward true fraud prevention , he emphasized.

Fraud Prevention 40

Fraud Prevention Visa Automation Processors 40

PYMNTS

OCTOBER 19, 2018

There hasn’t been a surge in the amount of fraud specifically targeting financial services firms, but the overall fraud rate is climbing, particularly as consumers embrace mobile banking applications and digital banking channels. “We So I think [banks] need to be vigilant. Using data to fight fraud.

FS-ISAC 40

FS-ISAC Fraud Prevention AI Authentication 40

PYMNTS

MAY 27, 2020

Criminals making such attacks hope that FIs will fail to realize that contact center staff reports of suspicious callers should prompt closer monitoring of other channels, such as online and mobile banking. Around The FI Fraud Decisioning World.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

PYMNTS

OCTOBER 18, 2018

In search of added convenience and simplicity, banking customers are migrating to online and mobile banking interfaces, leaving in-person visits to brick-and-mortar branches behind.

FS-ISAC 71

FS-ISAC Online and Mobile Banking Payee On-Demand 71

PYMNTS

JUNE 21, 2018

This is a story of one possible path to that future, as told by George Brostoff, CEO and co-founder of SensibleVision , to Karen Webster during a recent interview that focused on the company’s work on 3D facial recognition for authentication, payments and fraud prevention.

Fraud Prevention 51

Fraud Prevention Online and Mobile Banking Authentication Merchant Payment Data 51

PYMNTS

APRIL 1, 2020

This represents a growing problem for CUs that may have somewhat fallen behind the online learning curve: Ninety-four percent of consumers say they use mobile banking apps, for example, and yet only 5 percent of CUs report that they have such apps in place. Consumers today seek ever-faster access to financial services.

Credit Union 72

Credit Union Online and Mobile Banking Innovation AI 72

PYMNTS

NOVEMBER 30, 2020

PYMNTS’ research reveals that roughly 55 percent of consumers — 138 million people — currently share their location data with at least one app, but just 21 percent of consumers say the same when it comes to mobile banking apps specifically.

Consumer 68

Consumer Card Issuer Accounts Online and Mobile Banking 68

PYMNTS

NOVEMBER 16, 2018

Even so, it doesn’t veer too much toward the illusionary and nostalgic to submit the proposition that banking, and other financial services , used to be much more personalized — much more one on one — than is the case now. However, fraud prevention is only part of the AI pitch going forward.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43

PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

CB Insights

JUNE 5, 2019

Banks use facial recognition for authentication. Few sectors place as high a premium on security and fraud prevention as the banking industry, and US-based banks are already using facial recognition with both priorities in mind. Healthcare firms are using facial recognition to boost patient care.

Technology 78

Technology Law Enforcement Online and Mobile Banking Authentication 78

FICO

APRIL 29, 2022

For banks, and consumers too, that translates into more risk exposure and a much larger payment fraud challenge. Here are some steps consumers and fraud professionals can take to bolster their fraud prevention efforts. Consumers: Slow Down, You’re Moving Too Fast. Check yourself before you wreck yourself.

Retail Payments 52

Retail Payments Zelle Romance Scams Consumer 52

Finovate

AUGUST 16, 2024

After making more than 60 enhancements to its mobile banking app, including biometrics and fraud monitoring, the bank saw an 18% year-on-year increase in active digital users.

AML 65

AML Disaster Recovery Payments Non-Bank 65

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. Additionally, Stripe offers value-added services like fraud prevention and analytics to save customers money. Fraud prevention tools. Fraud is an expensive line item for merchants, with every $1 of fraud costing online businesses an estimated $2.62 Virtual card issuance.

Online and Mobile Banking 98

Online and Mobile Banking Payment APIs and Integration Payments Push-to-Card 98

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. In most cases, mobile banking apps do not have the capability to transfer money between users that don’t share the same bank account.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

FICO

JULY 28, 2021

NACHA Steps Up Its Fraud Prevention Requirements. From my mobile banking app, I can even initiate a wire transfer, which in days past was reserved for making large purchases (like a house) or sending money abroad. Source: NACHA.

NACHA 52

NACHA ACH Scams Account Validation 52

The Payments Association

OCTOBER 14, 2024

Rise of digital banking and challenger banks Digital-first banks like Monzo and Starling have transformed the UK banking landscape by focusing on convenience, competitive rates, and user-friendly platforms. Approximately 15% are currently considering switching their current account.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88