Fintech Finance

JUNE 12, 2024

In a major leap for subscription services, Trustly , the global leader in open banking payments, today unveiled its innovative AI-powered recurring payments solution poised to revolutionise how merchants handle repeat transactions through a single integration.

Economy 98

Economy AI Payment APIs and Integration Fraud Prevention 98

Fintech News

APRIL 6, 2025

The courses will provide participants with practical knowledge, real-world compliance strategies, and career-boosting credentials through free, expert-led modules. A significant four-fold surge in deepfakes worldwide from 2023 to 2024 further underscores the increasing role of AI in fraud.

Fraud Prevention 66

Fraud Prevention Deepfake Travel Rule Continuing Education 66

The Fintech Times

MAY 17, 2024

Jack Forestell, chief product and strategy officer, Visa “The industry is at a pivotal point – new technologies like Gen AI are rapidly shifting how we shop and manage our finances,” said Jack Forestell , chief product and strategy officer, Visa. We’re announcing the next generation of truly digital-native payment card experiences.

Product 128

Product Consumer Online and Mobile Banking RTP 128

The Payments Association

NOVEMBER 20, 2024

The good news is that innovations in the AI space are making chargeback prevention a much more manageable prospect. Why are AI tools especially effective at fighting fraud? AI isn’t just a buzzword in cybersecurity. First, AI tools have much higher throughput than manual or non-software-based detection methods.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

The Fintech Times

NOVEMBER 6, 2024

These include: Visa Flexible Credential – This enables a single card product to toggle between payment methods. Data Tokens – A new way for people to control their data and enhance their shopping experiences, powered by AI. This token can be used by the merchant’s AI models to quickly deliver recommendations.

Product 101

Product Cross-Border FinTech Cross-Border Payments 101

Fintech Finance

MARCH 28, 2025

Sift , the AI-powered fraud platform securing identity trust for leading global businesses, today released its Q1 2025 Digital Trust Index. These configurations equip individuals with the ability to test compromised payment information and login credentials with minimal technical expertise.

Consumer 59

Consumer Alternative Payment Methods Participant Debit Card 59

Fintech News

JULY 9, 2024

Those who have not yet activated their digital tokens are encouraged to do so to reduce the risk of credential phishing. Ong-Ang Ai Boon Ong-Ang Ai Boon, Director, ABS, said, “This measure provides customers with further protection against unauthorised access to their bank accounts.

Phishing 107

Phishing Scams Online and Mobile Banking Credential 107

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. In fact, it found that AI-enhanced phishing affected 91.1 The post 91.1%

Phishing 72

Phishing AI MSPS Ransomware 72

Fintech News

NOVEMBER 5, 2024

One of the central products, Visa Flexible Credential , allows a single card to switch between various payment options—such as debit, credit, installment payments, or rewards redemption. Consumers can also set parameters for their preferred payment methods within the single credential, adding further flexibility.

Product 107

Product Cross-Border Cross-Border Payments Credential 107

PYMNTS

FEBRUARY 24, 2020

Account takeovers, brute force attacks and credential stuffing are some of the most popular methods, with rewards and loyalty programs being especially tempting targets for their stored payment data and personally identifiable information. Deep Dive: How AI Helps QSRs Stop ATOs And Credential Stuffing. About the Tracker.

Account Takeovers 85

Account Takeovers Credential AI Fraud Prevention 85

Fintech Weekly

MARCH 3, 2025

Learn about encryption, AI-powered fraud detection, liveness detection, and decentralized data storage to protect user credentials and enhance fintech security. Discover how to prevent biometric hacking in banking apps with advanced security measures.

Fraud Detection 78

Fraud Detection Credential Encryption AI 78

Fintech News

SEPTEMBER 17, 2024

It will verify a customer’s identity against national records using a face scan before activating their DT, making it significantly harder for scammers to hijack accounts using stolen credentials. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

Verification 111

Verification Scams Financial Crimes Phishing 111

PYMNTS

AUGUST 16, 2019

did not have basic cybersecurity safeguards while it ran a service powered by artificial intelligence (AI) on the carrier’s website last year and in 2017, The Wall Street Journal reported. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials. Delta Airlines Inc.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

The Fintech Times

AUGUST 13, 2024

Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. Fraudsters are more cunning and deceiving, taking advantage of those who either do not know or refuse to acknowledge the power of AI. What are some AI fraud trends we’re seeing in Latin America?

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

PYMNTS

MARCH 1, 2020

The facial recognition app Clearview AI was banned from Apple ’s developer program after allegedly violating the iPhone maker’s rules, Buzzfeed News reported on Friday (Feb. Analysis by BuzzFeed News of Clearview AI’s app for Apple’s mobile operating system discovered that Clearview broke rules about the distribution of its apps.

Law Enforcement 60

Law Enforcement AI Blocks Laws 60

PYMNTS

NOVEMBER 14, 2019

That’s where applied artificial intelligence (AI), such as machine learning, comes in. AI has become an essential tool for Visa in identifying the needle in the haystack: the attempted piece of malware or malicious code buried among the billions of normal events. But finding the signal in this noisy data is a challenge.

AI 84

AI Transactions Phishing Cybersecurity 84

Fintech News

NOVEMBER 12, 2024

These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financial inclusion. The year’s conference featured an impressive lineup of over 900 speakers across more than 400 sessions.

FinTech 107

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 107

Fintech News

MARCH 19, 2024

Okta Ventures’ investment criteria emphasise a focus on modern identity challenges, market demand, and the ability to offer unique value through Okta’s extensive network of integrations. ” said Austin Arensberg, Senior Director at Okta Ventures.

MFA 107

MFA Deepfake Credential Privacy 107

PYMNTS

SEPTEMBER 19, 2019

billion stolen credentials. Account opening fraud is a favorite tactic among such cybercriminals, many of whom rely on these credentials to pose as legitimate customers. AI, ML Innovations Necessary to Stop Account Opening Fraud. This is where AI and ML technologies can come in handy.

AI 57

AI Accounts Data Breach Credential 57

Bank Automation

NOVEMBER 21, 2023

Anti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud becomes more pervasive.

Account Takeovers 76

Account Takeovers Accounts Money Laundering Financial Crimes 76

PYMNTS

MARCH 19, 2018

In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports. Credit card skimmers are a headache for fuel retailers, but there is more than one way that fraudulent actors can target fleet spend.

AI 61

AI Fraud Detection Issuers Mitigation 61

Clearly Payments

NOVEMBER 6, 2024

When a transaction request is routed to the issuer, it verifies the cardholder’s credentials, checks for sufficient funds or credit, and approves or declines the transaction. Issuing Bank (Cardholder’s Bank) : The issuer is the financial institution that provides the consumer with a payment card (credit, debit, or prepaid).

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

PYMNTS

JULY 31, 2020

and Fiat Chrysler striking a deal with AutoX , the Hong Kong-based firm that has developed an artificial intelligence (AI) platform for driverless vehicles. Obtaining these golden credentials is made possible by AutoX’s groundbreaking work in the Chinese city of Shenzhen, where its autonomous vehicles have been operating.

Use Case 118

Use Case AI Credential B2B 118

PYMNTS

NOVEMBER 16, 2020

Ragan noted that advanced technologies like artificial intelligence (AI) and machine learning (ML) can help FIs embed defense mechanisms that glean deeper insights into consumer behavior and recognize anomalous patterns — in the process raising red flags to better prevent unauthorized transactions, identity theft and account takeover.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

PYMNTS

JANUARY 17, 2020

Artificial intelligence (AI) is moving from cool concept toward everyday consumer reality, and signs of that innovation are increasingly appearing in the retail space. Retail Trust and AI. Based in Seattle and two years old, Xnor develops low-power edge-based AI. Grocery AI.

AI 59

AI Security Credential On-Demand 59

Fintech News

DECEMBER 20, 2023

Finally, partnerships were inked to pursue artificial intelligence (AI) opportunities, increase financial access and address challenges faced by micro, small and medium-sized enterprises (SMEs). Singapore also made strides in payment innovation, focusing on enhancing electronic payments and expanding cross-border capabilities.

FinTech 107

FinTech Cross-Border CBDC Web 3.0 107

Fintech Finance

MAY 7, 2024

To combat this threat, today, Visa , a world leader in digital payments, announced updates to its Visa Account Attack Intelligence (VAAI) offering with the addition of the VAAI Score, a new tool that uses generative AI components to identify and score enumeration attacks. The VAAI Score, which will be available to U.S.

Accounts 59

Accounts AI Issuers Compromise 59

VISTA InfoSec

NOVEMBER 7, 2023

They can include physical security to protect sensitive data on-premises, AI-powered analytics, and biometrics. Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

MARCH 13, 2019

As a result, banks are discovering that artificial intelligence (AI) is becoming useful when it comes to anti-money laundering (AML) and other types of fraud protection — in fact, it is fundamentally changing how financial institutions (FIs) verify users’ identities or validate transactions. How AI is Adding to AML Tools and Techniques.

Money Laundering 53

Money Laundering AI AML Regulatory Compliance 53

PYMNTS

DECEMBER 19, 2019

Fraudsters will use stolen payment credentials to book on a travel site, and then they’ll try to resell that booking somewhere else at a lower price. AI is key to protect bookings . AI systems are only as smart as analysts program them to be, however. The AI-driven system helps in this regard.

AI 57

AI Credit Cards Fraud Prevention Credential 57

PYMNTS

FEBRUARY 3, 2020

Sharing economy platforms rely on trusted relationships between buyers and sellers, and large-scale fraud can dissolve that trust, so they will need to ensure their verification tools are on security’s cutting edge with AI-focused offerings. The static verification problem. percent worldwide during 2019 despite anti-fraud innovation efforts.

AI 53

AI Consumer Security Fraud Detection 53

Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech 114

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 114

Finovate

AUGUST 14, 2024

From the challenge of AI-powered deepfakes to the sad fact that many of our own bad habits continue to keep fraudsters in business, fintechs are busy developing solutions to help us get and stay at least one step ahead of the bad guys. The battle against fraud is a never-ending one. “Identity verification isn’t a one-time event.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

JANUARY 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. RVShare Uses AI, Machine Learning To Preserve Owner And Renter Trust. To learn more about how RVShare is using AI for greater trust, visit the Tracker’s feature story.

AI 53

AI Identity Theft Authentication Verification 53

The Fintech Times

JULY 30, 2024

Saving money and improving defences through AI Organisations that were constantly using generative AI were revealed to be the ones incurring a lighter cost than their competitors not using the technology. A further 20 per cent stated they used some form of gen AI security tools.

Data Breach 59

Data Breach Breach AI Law Enforcement 59

PYMNTS

FEBRUARY 21, 2018

Credit card credentials can also be pilfered through malicious emails that can be rather ingenious when ensnaring the unwitting to click and share information, bringing them to fake sites that capture personal information. Used in real time, he continued, AI can detect “what we call abnormal behavior.

Credit Cards 62

Credit Cards AI Breach Issuers 62