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5 Ways to Combat Fraud During the Holidays

FICO

Payment card fraud, identity theft , account takeover and digital payment fraud have all increased significantly since March 2020. With that in mind, there are actions you can take right now to protect yourself from fraud and identity theft. Like COVID, Fraud Is Rampant. It Pays to Protect Yourself.

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Meet Grey Nickel, the AI Crime Syndicate Targeting Banks and Crypto Across Asia

Fintech News

At the centre of this threat is Grey Nickel , a sophisticated cybercriminal group using deepfakes, synthetic identities, and AI-powered attack tools to breach banks, crypto exchanges, and digital payment platforms. Based on the research, it’s a full-fledged operation engineered to fake identity verification at scale.

Crime 64
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Businesses, Consumer Groups Push To Keep Cash Alive

PYMNTS

The Coalition will first be pushing HR 2650, or the Payment Choice Act of 2019. But the CCPC said the fear was unfounded; there is no data showing that cash is particularly unsafe any moreso than cards or mobile phones, the Coalition said, as long as people wash their hands and follow social distancing recommendations. Payne Jr. (D-NJ),

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LexisNexis® Risk Solutions: 5 Payments Trends to Watch in 2024

The Fintech Times

Account-to-account payments soar Account-to-account (A2A) payments bypass intermediaries such as credit card and payment processors, enabling money to be transferred directly from one party’s account to another account instantly. In fact, it is the number one fraud threat globally, surpassing card fraud and identity theft.

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Hackers Loved SSNs More Than Card Numbers in 2017

PYMNTS

Hackers who used to amuse themselves stealing credit cards have raised the level of their identity theft game such that 2017 was a record year — 16.7 There isn’t no good news — EMV cards seem to have been effective at tackling a lot of PoS fraud. Consumers play a very central role in protecting their own identities.

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POS Financing, Etsy And Brexit — The Week In Sizzles And Fizzles

PYMNTS

ATM cards, Febreze and the FICO score were all around for a while languishing in relative obscurity until something happened to push them into mass consciousness. until a little over five years ago, when digital innovators and startups began developing the form as an alternative to store cards or consumers.

Finance 63
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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. TL;DR Merchant processing ensures that all entities, such as the issuing bank, the acquiring bank, and the card company, work cohesively to facilitate payments between a customer and a business.

Process 88