Letting advanced algorithms to take the lead on security can keep fraud from derailing the BNPL experience. In the Digital Fraud Tracker, Sezzle CEO Charlie Youakim explains how BNPL providers can use artificial intelligence and machine learning to keep their platforms airtight without holding legitimate...
In a world where consumers expect everything on demand, the popularity of buy now, pay later (BNPL) has surged for its instant spending power. In fact, BNPL is expected to account for 4.5% of all eCommerce payments in the United States by 2024. Fraudsters naturally...
In the fall of 2021, PYMNTS, working with the Mastercard affiliate Brighertion, interviewed dozens of banking executives to determine how acquiring banks use artificial intelligence (AI) and effective merchant monitoring to combat credit, debit and prepaid card fraud. Here’s what our research turned up. 1)...
The pandemic transformed how holiday shoppers secured items in 2020, and researchers expect these trends to continue during this year’s holiday season. PYMNTS’ findings show that 87% of United States consumers plan to do at least some of their holiday shopping online, 13% more than...
Restrictions and health concerns during the pandemic helped consumers discover the many conveniences of digital transactions, but the upsurge in online profiles also led to an increase in fraud. The threat of cybercriminal activity grew worldwide, and 47% of companies reported experiencing the impact of...
In a recent study, more than 80% of Americans reported going online every day to conduct routine activities, such as grocery shopping and bill payments or to visit social media sites, and 28% said they do so constantly. With greater internet usage, consumers are becoming...
Merchants are all too aware of the risks of fraud and data breaches as more business goes online. In the Digital Fraud Tracker, Corvus Insurance’s Jason Rebholz explains why businesses must emphasize employee education and require partners to obtain cybersecurity insurance to make sure they’re...
Fighting fraud starts with securely onboarding new customers, but overly-stringent measures often yield false positives and lower conversion rates, and they create other bad outcomes. In this month’s Monetizing Digital Intent Tracker, Manik Chawla, chief risk officer of credit card provider Petal, explains how behavioral...
Digital platforms from every corner of the web welcomed new customers amid the lockdowns and restrictions during the pandemic. More than 80% of United States consumers now use the internet every day to conduct basic errands or scroll through social media. While most consumers look...
