Fairness on Decision of Data
If you shoplifted a candy bar as a teen, should that determine your access to commerce? Should your name, race, or gender be considered when analyzing your risk profile? These biases are present in all humans, and as a result, are present in the algorithms humans create to assist with decision making.
In this presentation, Adyen will contextualize these biases, and present methods to tackle these issues when designing machine learning systems that strive for optimum performance and high ethical standards.
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This MRC Virtual 2022 presentation highlights risks mitigation strategies, the types of fraud merchants may encounter, and provides useful insights into current and future regulations in the crypto space.
This highly educational presentation from subject matter experts explores this process in detail, and is a must read for anyone interested in implementing crypto or the blockchain into their payments stack.
FIDO is a standardized authentication protocol used to strongly authenticate a cardholder on their device, without relying on passwords or one-time passcodes, and for a new digital world with modern regulations, FIDO may be the answer.
FIDO can be used with EMV® 3-D Secure and Delegated Authentication to provide a secure, user-friendly way for the European payments industry to meet PSD2 SCA requirements. While several methods comply with SCA, FIDO is the only one that checks all the boxes: user convenience, PSD2 SCA compliance, security, scalability and so much more.
This presentation demonstrates how FIDO may offer better PSD2 SCA compliance, and how it may help more effectively optimize online payments for European merchants.
Many - if not most - enterprise retailers are overpaying for fraud solutions and chargebacks, as well as losing out on millions of dollars in sales because of suboptimal fraud strategies. Preventing fraudulent purchases from being approved is the most important goal of any merchant’s fraud strategy, but it also poses a dilemma when a good customer’s legitimate transaction is blocked. Eradicating false declines and getting as many good customers as possible through check-out is challenging, but can be optimized through productive, data-driven discussions with the payments supply chain to rectify any issues and, ultimately, supercharge approval rates.
In this presentation, payments experts will showcase the importance of benchmarks and data-science in helping merchants not only assess, but also scrutinize the performance of their fraud suites. It will also walk through what a data-driven supply-chain engagement strategy can do to ultimately boost digital sales.
Ultimately, in the world of payments, success depends on human factors, like how consumers perceive and respond to risk, reward and effort.
Against this backdrop, Token surveyed over 1,000 people across Europe about the attitudes, preferences and behaviours shaping their financial and digital lives.
Token presents: "Who Will Pay by Bank" a data-driven look at the human element that will fuel the future of open banking payments.
A glimpse into this report:
- Learn which consumers are paying by bank today and where will we see demand tomorrow
- Discover the behaviours and opportunities that could support continued uptake of account-to-account (A2A) payments
- Understand how consumers in Europe perceive the benefits of A2A payments and other payment methods on a country-by-country basis
- Uncover how consumers understand open banking's evolving role in their lives
- Read commentary from the Open Banking Implementation Entity, Open Banking Expo, American Express, Ban
False positives down, revenue up! Learn from an Experian fraud expert how machine learning strengthens fraud prevention, reduces false positives, and leads to new revenues.
Fraud prevention is one of the most exciting areas in commerce. However, it is also challenging to core business functions. This webinar will present how modern fraud prevention becomes more efficient through machine learning models and how this results in new revenue potential.
By participating in this webinar, the learner should be able to understand:
- State-of-the-art fraud prevention methods and current fraud figures
- How machine learning supports fraud prevention
- Why companies should rely on smart fraud prevention with machine learning models
Personal finance and investing platform FinTron caters to Gen Z—and that means meeting young users’ expectations for fast, seamless experiences. However, FinTron’s original new-account authentication process took up to 48 hours. That’s a very long time for eager new investors to wait for approval—and plenty of time for them to find an alternative app. In the early stages of implementing Deduce Identity Insights, FinTron can now access and approve qualified users in near real-time, so they can start using FinTron’s platform right away. Deduce achieves this by scoring applications as part of the signup flow and alerting FinTron’s manual review team to any that might be fraudulent, saving the team from having to manually review every new user signup. Hear from the FinTron founder and CEO, Wilder Rumpf, on how he and his team implemented a Trusted User Experience that delights his customers
- Reduce new account creation friction
- Eliminate new account creation churn
- Identify potentially fraudulent new user activity
- Map a path to passwordless log in
Open banking in the UK and EU has created a new online payment option: instant bank transfers, which offer lower fees, better security and more convenience for consumers. In February of 2021, more than one million open banking payments were processed in the UK, compared with 300,000 for the whole of 2019. But how mature is this payment option, who’s already using it and will consumers adopt it?
Join TrueLayer and guests, as we cover: What open banking payments are and how they work - The retail trends that are driving the growth of this new payment option - Is the time right? A status check on usage, adoption and readiness of open banking payments in the UK and Europe - How open banking payments drive value for ecommerce merchants - The consumer payment experience: demo of UX + real case studies - Consumer protections for open banking payments.
We all know that merchant acquirers and payment facilitators are responsible for customer chargebacks caused by fraudulent sub-merchants. Some people in payments processing and fintech think of this kind of fraud as just the “cost of doing business.” In reality, it can mean the difference between being profitable or going out of business.
Fortunately, there’s an additional set of data that can be easily integrated into your onboarding process to reduce the number of fraudulent sub-merchants making it onto your system: advanced location signals. In this white paper, GeoComply shares how fraudsters easily manipulate IP addresses to fake their location, and how using modern geolocation data to determine a user's true location improves efficiency and confidence when onboarding new sub-merchants.
This whitepaper begins with a snapshot of PSD2 and summarizes the directive's main changes, focusing on SCA. After highlighting how SCA will affect financial services companies, the paper examines how biometrics can meet SCA requirements while avoiding unnecessary friction. The document concludes with an overview of Nuance's biometrics solutions.