PYMNTS-MonitorEdge-May-2024

Fraud Prevention

Fed Says Payment Fraud Losses Top Of Mind For FIs
Fed Says Payment Fraud Losses Top Of Mind For FIs
February 07, 2018  |  Fraud Prevention

Payment fraud losses are top of mind for financial institutions around the country, the Federal Reserve Bank of Minneapolis reported. Based on a survey of...

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SMBs Have Payment Fraud Blind Spot
SMBs Have Payment Fraud Blind Spot
February 07, 2018  |  SMBs

Small- and medium-sized businesses (SMBs) are in the dark when it comes to the impact payments fraud can have on their company, a new report...

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To Blunt Fraud, Chase The Consumer, Not The Fraudster
To Blunt Fraud, Chase The Consumer, Not The Fraudster
February 07, 2018  |  Security & Fraud

Here’s a novel concept in the eternal battle against payments fraud: Chase the customer. Not the bad guys. As online transaction fraud spreads like wildfire,...

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SEC Halts Texas Financial Firm’s ‘Illegal’ ICO
SEC Halts Texas Financial Firm’s ‘Illegal’ ICO
January 30, 2018  |  Regulation

In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial...

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ThreatMetrix CEO: RELX Buy Means ‘1+1=4’ In Fraud Battle
ThreatMetrix CEO: RELX Buy Means ‘1+1=4’ In Fraud Battle
January 30, 2018  |  Partnerships / Acquisitions

Longstanding partners in identity across the digital and physical spheres – LexisNexis (via RELX) is buying ThreatMetrix. Reed Taussig, CEO of ThreatMetrix, tells PYMNTS’ Karen...

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Go Fish: In The (Data) Stream — And Not The (Data) Lake
Go Fish: In The (Data) Stream — And Not The (Data) Lake
January 26, 2018  |  Big Data

Data is everywhere. Data is not static. Fraudsters are everywhere, and they are never static, never at rest. Taking data in and making decisions —...

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Jewel Paymentech Uses AI To Optimize Merchant Onboarding
Jewel Paymentech Uses AI To Optimize Merchant Onboarding
November 30, 2017  |  Startup Check-In

Jewel Paymentech is helping banks get on board with faster onboarding for merchants. The startup supports financial institutions across the Asian Pacific region as these...

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Employees Fear Retaliation In Calling Out Corporate Fraud, Report Finds
Employees Fear Retaliation In Calling Out Corporate Fraud, Report Finds
November 28, 2017  |  B2B Payments

While most corporations are hesitant to admit it, fraud initiated by a company’s own employees is quite common — and incredibly expensive. Research earlier this year...

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How Call Centers Cope With Ever-Changing Threats And Technology
How Call Centers Cope With Ever-Changing Threats And Technology
November 17, 2017  |  Fraud Prevention

Call centers are a $13 billion industry in the U.S. alone. In the inaugural PYMNTS Call Center Commerce Tracker™, in collaboration with IntraNext Systems, PYMNTS...

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