Pay with Google goes global, JPMC launches Finn, an all mobile banking app, and payments innovation held hostage by IT.

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October 23, 2017

Account Takeover

A Fraudster Speaks Out On Account Takeover Fraud
 

Fraud syndicate leader Bern Ersell is back — this time sharing his very candid views of account takeover fraud, and its appeal to fraudsters, with Karen Webster. Ersell shared the innerworkings of what he describes as an “incredibly lucrative” type of fraud, the skill sets needed to avoid detection and why account takeovers will really spike in the months to come.

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PYMNTS Topic TBD

DROPIT Turns The Auction Concept On Its Head
 

What’s the secret to keeping fans in their seats watching ads when the teams take to the sidelines during timeouts? Brendan Howell, COO at DROPIT, says to run an auction for 60 seconds on the Jumbotron — the kind that lowers the price until someone snaps up, say a $15K Ducati for $3,900. Howell told Karen Webster that it’s a win-win for everyone, including brands who get a very different way to monetize the things they’d probably give away anyway.
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Payments Security

Four “Need To Knows” About Balancing Digital UX And Security
 

Merchants think they know what consumers want: ease, efficiency and instant gratification. But Todd Linden, CEO of Paysafe Payment Processing, North America, says that merchants, it turns out, are wrong. Linden agrees that, while consumers do value these elements of a user experience (and will often take their business elsewhere if they don’t find them), their priority is transaction security, even at the expense of a frictionless experience. Here’s why.

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PYMNTS Bank Innovation Readiness Index™

NEW DATA: How IT Infrastructure Holds FI Payments Innovation Hostage
 

When 214 banks talk, hopefully everyone will listen. A new report released today by PYMNTS.com, based on speaking with 214 banks, presents more than 350 data points on the “state of” payments innovation, as they report it. The good news: There’s a lot of innovative products and features being rolled out. The bad news: Nearly 40 percent say they struggle to roll out new products, given inflexible IT infrastructure. Go deep on what that means in the brand-new PYMNTS Bank Innovation Readiness Index™, in collaboration with i2C.

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