Payment fraud

Synthetic IDs are key to solving fraud’s whack-a-mole game

02/19/21

Credit card and bank account fraud have soared during the pandemic, with fraudsters intercepting consumer data via retail and banking disruptions and worsening synthetic ID fraud.

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Merchants brace for 'friendly fraud' surge as holiday shopping moves online

10/19/20

Online fraud typically spikes when holiday shopping begins in November, but so-called friendly fraud poses another big threat this year with the pandemic pushing more consumers — and inexperienced merchants — to online sales channels.

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COVID-19 has upended fraud detection

08/13/20

The rapid move online boosts false positives, false negatives and actual fraud, says Adara's Nguyen Nguyen.

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Biometric spoofing is harder than people think

05/26/20

New authentication methods make it harder to fake biometrics, Eric Setterberg of Fingerprints argues.

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Discover takes new approach to fraud as coronavirus drives more online, phone applications

04/21/20

Discover transitioned all of its 8,600 U.S.-based call center personnel to work from home within a matter of days after the U.S. declared a national emergency on March 13. By March 20, Discover had 95% of its agents working from home using a thin-client device to emulate their call center desktops.

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Most consumers don't trust mobile payments. There's a way to fix that.

01/27/20

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.

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Treasury renews Comerica contract for benefits program hit by fraud

01/07/20

Comerica Bank won another five-year contract from the Treasury Department to run the prepaid Direct Express card program despite criticism of how it handled past fraud cases and customer service blunders.

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What FICO sees through its window into fraud

11/11/19

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers.

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SOFR-linked deals plummet; 1MDB scandal mastermind settles with DOJ

10/31/19

Issuance of securities backed by the ostensible Libor replacement hit by money market turmoil; Jho Low will surrender luxury assets.

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Why fintech rollouts are magnets for fraud

09/16/19

Hackers go in for the kill when challenger banks and others launch retail products. So the companies are forced to step up their defenses — fast.

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