Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal finances, like credit scores, and would protect them from identity theft. According to a news report in American Banker, citing a blog post penned...
With EMV changing the way payments are made in person, so, too, is the nature of fraud changing. Card not present (CNP) fraud is becoming a favorite avenue pursued by criminals, meaning merchants must do more than just block and tackle — they must also be...
Jumio, the creator of Netverify Trusted Identity as a Service (TIaaS), has announced the addition of eyeball tracking to Netverify’s biometrics capabilities. Eyeball tracking requires users to follow an icon on a mobile device’s screen with their eyes as it moves in a random pattern...
Fraud protection will likely be an ongoing task for merchants. This week, German-Israeli payment security company Fraugster debuted its answer to the fraud conundrum. The new Fraud Free Product fraud prevention solution aims to thwart future fraudulent attacks through the use of artificial intelligence (AI). Max Laemmle, the German-Israeli company’s...
Machine learning can help find real cyber transaction fraud while letting the “good” payments go through. TSYS’ EVP Karim Ahmad and Featurespace CEO Martina King discussed their partnership geared toward battling the bad guys to reduce online fraud.
The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. According to a press release, Regency Financial Services promised to get customers better terms for their auto loans and car interest...
FICO has announced the launch of FICO Card Compromise Manager, an anti-fraud solution that proactively detects and prioritizes compromised merchants and data breaches or theft involving card data. According to a press release publicizing the news, Card Compromise Manager detects card present, card not present and ATM...
With total fraud losses outside of consumer losses expected to reach $31 billion by 2020, it’s no wonder payments provider TSYS partnered up with adaptive analytics and real-time learning platform provider Fearturespace for a new venture into the fraud prevention and cybersecurity space. Dubbed the...
Behavioral analytics and machine learning can combine to root out fraud that is getting ever faster and harder to detect — even as payments go global and, of course, are ever faster. Guardian Analytics’ CEO, Laurent Pacalin, took PYMNTS’ Karen Webster through the ways subtle...
