Data breaches feed the market for fraudsters to steal identities, which challenges traditional approaches to identifying the genuine from the fraudster. We hear that knowledge-based authentication is dead. But trust in any single defense is flawed. No single route to "trust" should be applied. We should never lose...
The National Automated Clearing House Association (NACHA) issued a new directive to catch up with evolving payment processing trends for financial institutions around the world. These changes will allow banks to make clearance of payments faster, improving the customer experience, but open the door to potential fraud....
Consumer serving industries are under continual attack, as cybercriminals find that the interface between the customer and the retail outlet is where the money is. The assault is occurring on all fronts, be it through the physical point-of-sale or ecommerce gateway, the enterprise and its supply chain, or the customer...
By 2019, nearly 90 million mobile wallet users will be providing a valuable stream of interchange revenue and transaction data for wallet providers. Offering a mobile wallet is a competitive move that financial institutions and issuers simply cannot ignore. But attackers have interest in mobile wallets as well, and...
As fraudsters switch focus back to card-not-present schemes, research from consultancy Aite Group indicates that CNP fraud will soon outpace card-present fraud in the U.S. by a three-to-one margin. Globally, payments provider ACI Worldwide saw a 30 percent increase in CNP fraud in the first half of 2015. And ACI found...
Biometric authentication has emerged as one of the more convenient methods of authentication, particularly with the increasing ubiquity of mobile devices with a variety of high quality sensors. Financial institutions can realize cost savings and improved customer experience by deploying biometric authentication. This...
The landscape of corporate and retail payments across channels such as mobile and online, and including emerging products such as Apple Pay provide both customer convenience and satisfaction. Yet, these new channels and technologies also create opportunities for fraudsters to exploit. In this session we'll present...
The 2015 ABA Deposit Account Fraud Survey is the eleventh biennial industry study conducted by the American Bankers Association on the topic of deposit account fraud. For over two decades, this ABA survey series has collected detailed DDA fraud information across traditional and emerging banking channels. With...
Mobile banking is the highest margin channel for your financial institution. It provides your organization with the profitability and customer engagement you have been seeking for decades. Your customers are eager to adopt this channel as 68% of them view it as the primary way they will bank within 2 years; however,...
The 2015 ABA Deposit Account Fraud Survey is the eleventh biennial industry study conducted by the American Bankers Association on the topic of deposit account fraud. For over two decades, this ABA survey series has collected detailed DDA fraud information across traditional and emerging banking channels. With...
While the advent of faster payments - not just for bank-to-bank but also for end-to-end consumer and commercial payments - promises a vast improvement in convenience, it also introduces more risk. In this discussion between our panelists and the audience, we'll talk about the latest technologies and the types of fraud...
In discussing faster payments and ensuring they remain secure, it's important to include the newer payments providers, such as Apple Pay and Square, that are not associated with banks and are, for the most part, unregulated.
In this interactive session, a Federal Reserve Payments executive discusses how the Fed is...
The rollout of EMV technology has changed the face of fraud for restaurants, retailers and merchants. While card-present fraud will likely decrease as the rollout continues, it will remain a major problem, especially for restaurants and food retailers, despite the new chip technology. In this session, we'll examine...
Security safeguards and controls can only get you so far. At some point, an employee is going to click, open something, or take action on a request that is fraudulent and bypass all of these controls. We will discuss both business email compromise fraud and account takeover in depth as we consider the...
The rollout of EMV technology has changed the face of fraud for merchants and retailers. In this session, we'll discuss an overview of the EMV rollout from the merchant perspective, as well as an update on merchant adoption and the specific deployment challenges. Join us as we discuss:
An assessment of the...
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