Risk

A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace.

Relying on a "community-based" fraud approach can reduce friction and abandonment, increase sales and revenue, delight your customers, and help protect your brand and reputation, says Accertify's Jeff Wixted.

From taboos to cost concerns, some say the industry hasn’t moved quickly enough to tackle a key risk area.

Fraudsters are smarter and more devious than ever before. With that evolution comes an increase in successful fraud attempts, seen especially by companies that do not practice modern payment safety protocols.

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

Instead of a live caller engaging in social engineering with a single prospective target, automatic dialers call thousands of people, instructing them to call bogus telephone numbers purported to belong to the IRS, Social Security Administration, or their bank, says The Santa Fe Group's Bob Jones

The timing couldn’t be worse for ag and energy lenders as well as global banks, which were all counting on the Chinese market to help bolster commercial lending and fee income.

Magecart attackers steal credit card or bank data directly from the checkout pages on e-commerce websites and resell them on the dark web, says PerimiterX's Ameet Naik.

The new accounting standard meant to prevent another financial crisis could actually trigger one.

It seems the payments industry is once again pushing liability to the merchants with no plans to hold anyone else along the payments ecosystem accountable for ensuring that viable solutions are available, says the Merchant Advisory Group's John Drechny.

Outages or disruptions of GPS signals — sometimes malicious, sometimes not — could quickly knock out computers, ATMs and card networks.

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers.

The recent Dodd-Frank rollbacks for smaller banks could encourage risk-taking that leads to a systemic issue.

For banks and other financial institutions to survive and thrive in the age of mobile payments and e-commerce, they need to continue to enhance their mobile apps with more innovations, tighter security features and more time-saving capabilities.

For banks and other financial institutions to survive and thrive in the age of mobile payments and e-commerce, they need to continue to enhance their mobile apps with more innovations, tighter security features, and more time-saving capabilities, says Informa Financial Intelligence's Gina DeCorla.

Moving to an open banking system comes with both costs and benefits that each bank will need to weigh before diving in.

It might sound like a risky strategy at a time when millions of Americans are drowning in debt: keep raising the limit on people’s credit cards, even if they don’t ask.

The Massachusetts senator and presidential contender sent a letter to eight of the biggest U.S. banks asking about how they assess climate-related risks to assets and how they plan to mitigate social and economic fallout.

The concept can enable chargeback abuse, and if this “blind-eye” approach continues to dominate, the bad behavior will only get worse, says Chargeback 911's Monica Eaton-Cardone.

Criminals will react to the EU legislation by changing their modus operandi, says Nets' Sune Gabelgard.