Data Fast Payments Fraud Healthcare PaymentsPost Risk Management

Payments Post #12: Lessons from Change

In this month's Payments Post, we want to draw your attention to several recent fraud incidents that underscore the criticality of effective risk management to your business and the safety and soundness of the payments industry.

Tags: Fintech

Visa

Is this the Future of Reducing 3D-Secure Friction in the Long Term?:  A Look at Visa’s Digital Authentication Framework (DAF)

In this post, Glenbrook provides a solutions review. This is a new type of Glenbrook payments views post that deep dives into a particular market solution.  Once in a while, we run into a few topics and innovations that we think could have a major benefit to the payments industry but aren’t being discussed in […]

Tags: Risk Management

Banking Merchant Acquirers Risk & Fraud

Examining Risk and Resiliency in Banking Relationships (..and no, we’re not just talking about bank failures)

On Monday a few weeks back, a member of a client’s executive team gave me a call: “We really need to speed up the project to find another bank sponsor.” That was followed by a call from another client later that day: “We’ve been thinking about what it would take to form a relationship with […]

Tags: Chris Uriarte Fintech Risk Management

Fast Payments Risk & Fraud

Stakeholders Respond to Fraudsters’ Affinity for Instant Payments

A joint post by Joanna Wisniecka and Bethany May Rise in instant payments systems incites rise in fraud Instant payments systems (IPS) are proliferating globally, conferring benefits to economies and ultimately, end users. These systems are making digital payments faster, easily accessible, and in some countries, more affordable than other existing payments methods. As IPS […]

Tags: Real-time Payments Risk Management

Risk & Fraud

Taking Your Payments Risk Management Game to the Next Level

If you search our website, you will find some prior posts about Payments Risk Management.  When we launched our Risk Management Advanced Workshop back in 2019, I wrote about how people don’t like talking about risk – Why Talk About Risk in Payments – and why we need to anyway. Then we published a series […]

Tags: Risk Management

Glenbrook Payments Education

Episode 185 - Fanning the Flames: Glenbrook Education Program

Glenbrook has provided payments education for over 15 years. In that time, over 35,000 payments professionals have attended Glenbrook workshops, including the popular Payments Boot Camp®. The Payments Boot Camp® provides a thorough overview of the global payments industry - an industry that is constantly changing. As you can imagine, the material for our workshops changes with it. 

Tags: B2B Payments Merchant Payments Open Banking Podcast Risk Management

Payments Fraud

Episode 167 - Combating Fraud - Patrick Chen, Spec

In this episode of Payments on Fire®, Yvette Bohanan is joined by Patrick Chen, co-founder of Spec, to discuss payments risk, fraud, and the age-old question of good versus evil. Listen in to hear how organizations can combat fraud while still providing the best customer journey.

Tags: Podcast Risk Management

Glenbrook

Episode 161 - AI-ML and Bias - Ismini Psychoula, OneSpan

2022 just started and we got so much to see and learn this year. But, we are not alone in this learning journey. Machine Learning and Artificial Intelligence are here to stay, so we also should learn why and how it works for the payments industry.

Tags: Podcast Policy and Regulation Risk Management

Payments Fraud Payments on Fire Risk

Episode 158 - The High Pain of Push Payment Scams - PJ Rohall, Featurespace

We all know that there are risks in payments. When the controls we put in place to manage risk fail, fraud is the result. Fraud, or fraud prevention, is now an industry using many of the same tools to defeat our controls that we use to defend our payments systems.

Tags: Fast Payments Podcast Risk Management

Deals

Elliptic Raises Funds to Help Firms Guard Against Crypto Crimes

Wall Street Journal

“Elliptic Enterprises Ltd. nabbed $60 million in new capital as the cryptocurrency risk-management startup builds on the momentum coming from increased regulatory scrutiny of the digital-asset ecosystem. Elliptic raised the money in a Series C round led by new investor Evolution Equity Partners, with SoftBank Vision Fund 2 participating as another new shareholder. The injection […]

Risk

HSBC UK Launches Fraud Awareness App for Businesses

Finextra Research

“HSBC has launched a fraud awareness app to provide businesses with up-to-the-minute news on emerging scams. As well as sending users notifications on new scams and fraud tactics, the free app also includes advice and tips on how to avoid falling victim to fraud and provides real-life stories from customers…Developed in concert with business clients, […]

Tags: Risk management

ACH

Episode 149 - Bringing Data to Secure A2A Transactions - Eli Polanco, Nivelo

The U.S. is moving faster than ever into seamless, account-to-account payments. That means enterprises and their payments providers are able to initiate a payment from one bank account and direct it to another. Think payroll. Think supply chain.

Tags: Fast Payments Podcast Risk Management

Payments on Fire

Episode 141 - The Data Driven Money Supply Chain - Keith Smith, CEO, Payability - Payments on Fire® Risk Series

The Fintech Phenomenon is rarely about doing something entirely new. It's about doing things in a new way that better fits the needs of the target market. The fintech model also enables the provider to reach underserved market segments.

Tags: Podcast Risk Management

Payments on Fire

Episode 140 – Finding Fraudsters at the Front Door - Robert Capps, NuData Security - Payments on Fire® Risk Series

In a crisp explanation of account takeover and authentication risks, George and Robert Capps, Vice President, Market Innovation, at NuData Security. They discuss the findings of a recent NuData report and its experience with the sophistication of online fraudsters. NuData's techniques are all about foiling cybercriminals as they bang at the front door of financial institutions, merchants, streaming services, and more.

Tags: Podcast Risk Management

Payments on Fire

Episode 134 - Ecommerce Fraud in the Time of COVID - Eyal Raab, Riskified

COVID is a forcing function for digital channel growth across the world as consumers and businesses reduce their reliance on physical interactions. We've seen usage shifts in how bank accountholders in Peru transact - from branch to digital - as well as big shift in payment behavior.

Tags: Merchant Payments Podcast Risk Management