Fraudsters have grown adept at finding debit cards’ weak points, and merchants are struggling to keep up. Losses due to false credit and debit card declines — in which merchants reject legitimate orders on the mistaken belief that they are fraudulent — grew to...
Deck: Banks are evolving – and just into what can be anyone’s guess, amid FinTech and the demands of younger consumers (we’re looking at you, Millennials). Troy Cullen, president of Elan Financial, weighed in on how banks can gain customer loyalty – even if those...
Greater connectivity means greater opportunities — not just for businesses and consumers, but also for fraudsters. A recent study released by Forrester Consulting and digital identity provider ID.me speaks to the growing risk of identity fraud and its detrimental effect on consumer confidence. In the...
Wells Fargo & Co., the embattled bank, will enable customers to withdraw money via a smartphone starting next week. According to a report in Reuters, customers will be able to withdraw money via a smartphone at any ATM that is branded by Wells Fargo. In...
October 07, 2022
The great reopening is upon us. Life is returning to normal, in many parts of the world. In the process, it’s reopening some lucrative channels for fraudsters and other criminals seeking to co-opt our personal and card-level data to keep their schemes chugging along. “The fraudsters are really innovative, and very adaptive. They’ve responded to […]
May 31, 2017
Deck: Banks are evolving – and just into what can be anyone’s guess, amid FinTech and the demands of younger consumers (we’re looking at you, Millennials). Troy Cullen, president of...
March 24, 2017
Wells Fargo & Co., the embattled bank, will enable customers to withdraw money via a smartphone starting next week. According to a report in Reuters, customers will be able to withdraw money via a smartphone at any ATM that is branded by Wells Fargo. In an interview, Jonathan Velline, Wells Fargo’s head of ATM and […]
February 10, 2016
In the world where cybercriminals steal identities, where cryptocurrency is making inroads and where mobile devices can pay with a tap or a wave, it may seem quaint to think...
