Fraud
Fraud
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Protecting P2P and mobile transactions will mean employing fraud protection measures at enrollment and on an ongoing basis, throughout the customer and payment life cycle, writes David Barnhardt, executive vice president of product at GIACT.
January 22 -
The senator wants Treasury to enhance fraud protection in the Direct Express prepaid program — now a partnership with Comerica Bank — when its contract is rebid in 2020.
January 10 -
By adding device, cryptographic keys and behavioral ID, fake biometrics become harder for crooks to use, according to Bimal Gandhi, CEO of Uniken.
January 9 -
A machine learning-driven analysis can aid with risk, financial performance and fraud prevention, according to Anant Kale, founder and CEO of AppZen.
January 8 -
Despite strong performance in the industry overall, analysts expect regulators to shutter more institutions in the years ahead.
January 3 -
The rise of contactless cards could eclipse mobile payments adoption, experts predicted, while evolving fraud threats may give rise to increased account controls for consumers.
December 31 -
The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.
December 21 -
When so many users trust large companies like Google with their personal data, it's up to these companies to disclose any compromise of the data security as early as possible, writes Aman Khanna, vice president of products for ThumbSignIn.
December 21 -
Fixes and resolutions can take days or even weeks, enhancing vulnerability, according to David Williamson, CEO of EfficientIP.
December 19 -
Fortunately, banks and financial institutions can take action to protect their apps in untrusted, potentially hostile environments, writes Samuel Bakken, senior product marketing manager for OneSpan.
December 19 -
Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes.
December 12 -
The Marriott incident will open the door to loyalty program fraud, account takeover and myriad other risks, writes Michael Reitblat, co-founder and CEO of Forter.
December 12 -
While fraud is a year-round concern, credit unions need to be extra vigilant during the holiday season.
December 11 -
ACI Worldwide is the latest to adopt technology from Israel-based BioCatch that monitors shoppers’ behavior to spot irregularities signaling potential fraud.
December 10 -
Credit card fraud is on the rise in the U.K. with more than $2 billion being stolen from credit and debit cards over the past twelve months, an increase of 38% on the previous year. But while large scale data breaches have been heavily blamed for this surge in crime, ex-fraudster Tony Sales says one of the most pertinent reasons is a persistent lack of understanding within the financial industry of how criminals operate.
December 10 -
It might be too early to determine the full impact of the new Visa Claims Resolution process designed to streamline and limit chargebacks, but 52 percent of respondents surveyed claimed no decrease in chargebacks since VCR, and most of the 33 percent reporting a decline cited a decrease of less than 5 percent.
December 6 -
A boost in chargebacks can put a damper on higher transaction volumes and digital shopping, according to Chris Marchand, vice president of business development at Verifi.
November 30 -
The Federal Savings Bank is trying to persuade a judge to look beyond its CEO's alleged complicity in a fraud perpetrated by President Trump's former campaign chair.
November 29 -
Any future machine-to-machine environment calling for communication and transactions will surely include a consumer's option to make payments through such a network. That turns any home or business into its own complex network of devices, routers, sensors, passwords, communication coding and private credentials.
November 29 -
Phishing is a serious and growing problem in the financial services and payments industries, creating pressure to come up with advanced detection techniques, according to Adrien Gendre, chief solutions architect for Vade Secure.
November 29





















