Category: Fraud Risk, Page 2

Read and learn about how to identify and reduce fraud risk with the following articles and posts by Ekata, a Mastercard company.

Ekata

Fraud in the Buy Now Pay Later Industry

Buy Now, Pay Later (BNPL) is not a new idea, but with the boom in e-commerce during the Covid-19 pandemic, BNPL has exploded onto the payments scene as a major industry. The idea is essentially a simplification of the credit process by providing ‘instant credit’ at the point of sale. This means that when the […]

4.26.2023

How to stop bad actors while maintaining a seamless UX

Fraud Prevention

A user-centric approach to ecommerce fraud prevention

Let’s strike a balance between digital fraud prevention and customer experience once and for all

1.18.2023

Ekata

Ekata Executive Series, Part II: Trust Starts at the Source: Credit Risk Versus Fraud Risk

Welcome to Ekata’s Executive Series. In this series, our CEO, Rob Eleveld, will be outlining the dynamics we see developing in the global identity verification (IDV) market and highlight Ekata’s response to continuous market demands. Today, we are digging into the deterministic approach of credit risk and comparing it to the probabilistic approach of fraud […]

11.30.2020

Ekata

Shutting Down New Online Account Opening Fraud

For many merchants, the biggest security focus is around credit card fraud: the moment when a bad actor pulls out a fake credit card and makes a fraudulent transaction. But in the online space, that’s only one of the ways fraudsters are taking advantage of businesses through fraudulent accounts. From bank accounts and mobile wallets […]

9.5.2018

Ekata

GDPR and Ekata

Companies operating within the European Union (EU) or outside organizations conducting any business in the EU have been scrambling to prepare for the General Data Protection Regulation (GDPR) implementation date of 25 May 2018. With GDPR, Europe is taking a firm stance on the protection of personal data rights for European citizens and within the […]

4.18.2018

Ekata

Why Know Your Customer (KYC) Isn’t Fraud Prevention

Banks and other financial institutions are all required by the PATRIOT Act to conduct a thorough review of new customers to undercut terrorist financing and combat money laundering. These Know Your Customer (KYC) checks are essential for regulatory compliance, but too many organizations rely on these as the sole method to verify the identity of […]

9.25.2017

Ekata

Scaling Customer Account Openings in the Sharing Economy

The Sharing Economy continues to grow rapidly, with estimates that it will increase from $14 billion in 2014 to $335 billion in 2025. Underpinning this growth is a constant chicken-and-egg problem: sharing economy companies need to grow both sides of their “marketplace”. To establish a consistent framework and terminology for a closer look, let’s give […]

8.24.2017

Ekata

Part 3: Know Your Data, Measure Your Data, Judge Your Data

Previous articles in this series covered the richness and completeness of data, this final article will discuss the third key to good identity verification data; accuracy. Accuracy can be the most difficult to accomplish, yet, often the metric most coveted. To truly know your customers, thorough identity assessment is needed at the time of the […]

5.11.2016

Ekata

7 Tips for Selecting the Best Data Vendor

As a professional data buyer at Whitepages, there are a number of things I look for when researching and evaluating a new data source for one of our products. The specifics may vary based on the type of product, data source, or use case, but there tend to be consistent characteristics I always want to see. Many of these traits are things I have learned over the years through countless conversations, evaluations, contract negotiations and integrations. If your business is looking into sourcing data through vendors, then there are a few things you need to know.

1.25.2016