Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial institutions (FIs), understanding the true scale of these scams is critical to protecting their customers. PYMNTS Intelligence’s research finds that...
Digital bill payment has become routine for most consumers, offering them extensive firsthand experience with the frustrations and challenges with these payments. Fraud, friction, limited payment options and slow payment times are just some obstacles consumers face when paying for electricity, internet service, tuition or...
PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant threat to the financial services industry. Security is a top concern, and these institutions need cutting-edge tools to fight this...
Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to a physical branch or an ATM. However, these transactions are also more susceptible to fraud. Criminals can more easily impersonate...
October 28, 2024
Successful digital transactions are an essential part of business. However, that doesn’t mean that all digital payment solutions used to ensure those transactions go through are created equal. “All payment networks sit on a ton of payments data,” Tine Fincioen, executive vice president for digital transformation at Mastercard, told PYMNTS, “but where we differentiate is […]
December 06, 2023
PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant threat to the financial services...
September 06, 2023
Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to a physical branch or an...
May 30, 2023
A substantial number of Americans can expect to experience digital fraud at least once in their lifetime. A recent study found that bad actors have stolen or compromised the personal...
April 19, 2022
Digital fraud prevention platform FiVerity, multi-cloud security company Fortanix and Intel have teamed up to help financial services companies fight digital identity fraud through confidential computing, according to a joint press release Tuesday (April 19). Through the partnership, FiVerity will employ data privacy technology at banks and financial institutions to give control over their personally […]
April 05, 2022
Socure, which provides digital identity verification and fraud solutions, has announced that Dibbs, the real-time blockchain marketplace, will be using its platform to provide a better onboarding experience, a press...
October 28, 2019
Digital fraud prevention company Kount is rolling out a complete solution to protect companies from criminal and friendly fraud, the firm announced in a press release on Monday (Oct. 28). ...
September 20, 2017
Uber has filed a lawsuit against Fetch Media, accusing the mobile ad company of improper billing for fraudulent ads and falsely taking credit for app downloads. According to Adweek, the...
