October 16, 2020
Glenn Larson is the Vice President of Engineering at Acuant and a member of the Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives. Read his article for the Forbes Technology Council below, or find the original...
October 15, 2020
In 2020 the world as we knew it forever changed. Technologies that were being explored as concepts have now matured to implementations that are being embraced globally when it comes to digital credentials. Governments are issuing ePassports and identifications cards...
September 28, 2020
Hacking, money mules, identity theft and synthetic fraud are some of the many vectors of attack being used globally to target and exploit banks and fintechs for money laundering purposes. There is no silver bullet to end fraud schemes (or...
September 17, 2020
It's no surprise that targeted fraud is an ongoing problem for many businesses. According to a JP Morgan report, 81% of businesses were targets of some form of payment fraud in 2019. One of the many — and damaging —...
September 9, 2020
We all know that data breaches and identity fraud were on the rise before COVID-19, but now we are seeing an even sharper increase due to current operations being unprepared. With a 250% increase in digital channel usage, fraudsters are increasingly taking advantage of businesses and preying on consumers. How do businesses combat and...
August 27, 2020
From a business perspective, capturing millennial business and future tech-focused generations is vital. At least 54% of their purchases are online and they exercise significant purchasing power: there are roughly 80 million Millennials in the U.S. and in 2020 are...
August 18, 2020
There is a strong case to automate KYC (Know Your Customer) compliance today. An increasing volume of online transactions and an increase in the rate at which these transactions occur, on top of the current Covid-19 pandemic, makes manual processes almost impossible. No ordinary compliance team...
August 6, 2020
When major players like IBM start pulling out of the facial recognition market, it makes sense to pause and take a deeper look to understand the controversy. Headlines are touting alarms of citizen surveillance that have led to very unsettling...
August 4, 2020
Companies that scale and succeed are those that dedicate time and effort to implement and tune their risk models and processes for fraud prevention and money laundering. For any type of business, but specifically for Payment Service Providers (PSPs), adopting...
July 30, 2020
Dating back a couple of decades when ecommerce started, one of the first tools to identify online card fraud were velocity rules. Velocity rules measured the number of transactions that were performed by a particular credit card in a (short)...
July 23, 2020
COVID-19 has changed a lot about how we interact, purchase and work. Because many have been quarantined, and because stores have changed how they interact with shoppers, online has become a preferred way, and for some, the only way to shop...
June 23, 2020
Payments are a key ingredient of online business. Dwolla works with a wide variety of companies to quickly enable them to collect and disperse payments online. However, doing business online requires being able to identify and verify your customers, and...