Fintech News

JUNE 11, 2024

Daranee Saeju, Assistant Governor of Payment System Supervision and Financial Service User Protection at the Bank of Thailand (BoT) , announced the launch of a new initiative to test programmable payment systems under the Enhanced Regulatory Sandbox framework.

Distributed Ledger Technology (DLT) 122

Distributed Ledger Technology (DLT) Bots Payments Risk Management 122

Fintech Finance

APRIL 7, 2025

As GenAI agents become more mainstream, this detection will allow businesses to better distinguish between good bots, which assist shoppers, and bad bots, which abuse policies or engage in fraud. The post Forter Launches Predictive Payment Routing Beta and Introduces GenAI Agent Detection appeared first on FF News | Fintech Finance.

Bots 64

Bots Payments Fraud Prevention Authentication 64

VISTA InfoSec

JULY 31, 2023

The PCI DSS Checklist is a crucial first step in securing your business. It’s a tool that helps businesses ensure they’re meeting all the requirements of the Payment Card Industry Data Security Standard (PCI DSS). The QSA will review the business’s security measures and access controls, and provide a report on their findings.

PCI DSS 130

PCI DSS Security Encryption Compliance 130

Payments Source

NOVEMBER 13, 2018

The massive number of fraudulent bot attacks on the payments ecosystem and financial services is compounded by the fact that many current data protection tools are not designed to detect this automated crime network.

Bots 75

Bots Crime AI Payments 75

PYMNTS

MARCH 26, 2020

Many cybercriminals rely on bots to conduct their schemes, leveraging automated data skimming programs that can overwhelm banks’ defenses through sheer volume. We like to think of [bots] like bacteria,” Raghu Valipireddy, senior vice president and chief information security officer at Axos Bank, told PYMNTS in a recent interview.

Bots 56

Bots Ransomware Blocks Credential 56

PYMNTS

NOVEMBER 17, 2020

And Kount executive Gary Sevounts told PYMNTS in a recent interview that the frontline in that fight right now involves bots, those automated software apps that rapidly perform basic but often critical tasks. The reality of bots is that they’re pretty much in all areas of the customer experience and customer journey,” Sevounts said.

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Bots Economy Blocks Near Real-Time 65

PYMNTS

MARCH 25, 2020

Digital fraud continues to flourish, with recent surveys finding that security breaches have increased 67 percent since 2014 and 11 percent since 2018. Organizations and security developers are investing billions of dollars in fighting these fraud attempts. Axos Bank on How to Separate the Good Bots From the Bad.

Bots 59

Bots Cybersecurity Phishing Fraud Prevention 59

Fintech News

SEPTEMBER 22, 2024

In 2023, the financial services industry continued to sustain the most automated bot attacks, with 1.8 the number of bot attacks in the sector decreased by 6% YoY. Automated bot attacks remained stable in 2023 compared with the previous year, though the targets shifted. Despite this high volume.

Accounts 142

Accounts Scams Bots Account Takeovers 142

Payments Source

AUGUST 26, 2019

As mobile payment applications increasingly integrate with social media platforms, fraudsters are using a mix of bots and human labor to increase their chances of a successful account takeover.

Bots 69

Bots Account Takeovers Mobile Payments Accounts 69

The Fintech Times

FEBRUARY 13, 2025

Solving the challenge for AI agents SemanticPay builds a robust transaction infrastructure that allows AI agents to securely interact, access services, and engage in economic activity. Traditional internet structures often categorise AI agents as bots, blocking their ability to perform legitimate tasks.

AI 59

AI Microtransactions Bots Payment APIs and Integration 59

Payments Source

MAY 16, 2017

The risky side of bots played a role in last year's IRS hack. But non-data driven security fight back, argues Robert Capps, a vice president at NuData.

Bots 60

Bots IRS Crime Security 60

PYMNTS

JANUARY 27, 2021

Some schemes that are impractical to wage in person are simpler to perpetrate online because of a decreased security presence, the anonymity of transactions and fraudsters’ abilities to stage hundreds of attacks simultaneously. Bot activity is the third major threat banks faced in 2020. How Authentication Prevents Fraud.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

DECEMBER 2, 2019

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

Bots 52

Bots Account Takeovers Cybersecurity Credential 52

The Payments Association

MARCH 19, 2024

Fintech company Unlimit has announced its entry into the Tanzanian market and received the Bank of Tanzania (“BOT”) licence, marking another significant step in its regional expansion. Read more

Bots 88

Bots Security Payments FinTech 88

PYMNTS

JULY 25, 2017

Rather than having a system that’s reliant on human power, the installment of machine learning services is probably helping to ease pressure on 24/7 security monitoring for retailers in all sectors.

Bots 78

Bots AI Fraud Detection Fraud Prevention 78

Stax

MARCH 4, 2024

To stay ahead of fraud means merchants must understand the threats, use trusted and secure providers, and keep up to date on payment security trends. So, let’s dive into payment security, touching on the basics of what you need to know to ensure secure payments. billion digital wallet users, or 42.6%

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

JUNE 29, 2020

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick, easy and secure manner across a network of platforms. Security Risks Facing Open Banking. Securing Open Banking Systems. There were 85.42

MFA 96

MFA Risk Security API 96

PYMNTS

DECEMBER 2, 2019

Insidious shopping bots infiltrate eCommerce sites year-round, but the holiday season brings them out in droves, with 20 bots for every one human, NBC reported on Saturday (Nov. The bots are “largely operated by organized gangs of cybercriminals,” noted the report.

Bots 43

Bots Account Takeovers Cybersecurity Credential 43

PYMNTS

DECEMBER 16, 2019

The attended bot from Jacada securely and safely logs agents into hundreds of owner credit unions’ digital banking platforms, taking away multiple manual steps from agents and significantly decreasing member hold times.

Bots 54

Bots Credit Union Credit Union Service Organization Use Case 54

PYMNTS

AUGUST 17, 2018

Bots are marching steadily into the corporate accounting department as professionals feel more comfortable handing tasks to a machine. The more bots make their way into the accounting department, the more concerns arise about jobs, compliance, trust and other industry-unknowns. “This is such new territory for everyone.”

Bots 44

Bots Compliance Accounts Automation 44

PYMNTS

MAY 23, 2016

Though botnets may make life more convenient, a security firm says that roughly 40 percent of them are actually malicious, VentureBeat reported late last week. Bots are the centerpiece of a hacker’s toolkit,” Rami Essaid, CEO and cofounder of Distil Networks, a security firm specializing in bot detection and mitigation, explained.

Bots 42

Bots Identity Theft Account Takeovers Online and Mobile Banking 42

The Paypers

AUGUST 31, 2023

Arkose Labs , a bot management and account security solutions provider, has announced its inclusion on the Auth0 Marketplace by Okta.

Bots 45

Bots Accounts Security 45

PYMNTS

OCTOBER 24, 2016

Millions of internet-connected machines, including webcams and other household devices, such as thermostats, that were turned into bots — the malicious kind. When Capacity Grows Faster Than Security. Security is often an afterthought when getting the devices out there,” Nelsen noted. into Europe.

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Security Encryption CHIPS Authentication 99

PYMNTS

AUGUST 5, 2020

Fraudsters looking for their own enrichment are also populating these platforms, however, making it imperative that both consumers and the companies providing these digital bowling, poker or roleplaying games take security seriously. Around The Digital Identity Ecosystem. Deep Dive: Guarding Gaming Platforms Against Online Fraud.

Bots 111

Bots Authentication Identity Theft Void 111

Payments Source

JANUARY 25, 2019

Due to growing consumer expectations for 24/7 digital access and real time decisions, some organizations such as financial institutions and merchants have reduced the more stringent manual application review processes in order to open accounts quickly, according to Michael Lynch, chief strategy officer at InAuth.

Bots 84

Bots Accounts Risk Process 84

Fintech News

JUNE 18, 2024

OCBC Securities has introduced and AI stock picker tool named A.I. Oscar, now available to OCBC Securities customers for free through the iOCBC app and online trading platform, and email, uses deep learning algorithms to analyse individual trading patterns, risk appetite, and demographic information.

AI 107

AI Bots Security Addressing 107

Fintech News

APRIL 16, 2024

With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services. The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers.

FinTech 117

FinTech Bots Central Bank Innovation 117

PYMNTS

JULY 18, 2017

They need to give consumers options, and they need to make sure their labor model adapts to more bot-driven interactions, so consumers don’t get frustrated.”. While most people are becoming more concerned about the security of their job, Public Tableau’s data confirms 29 percent of U.S.

Bots 48

Bots AI Automation Research 48

PYMNTS

MARCH 27, 2020

Banking Bots: The Good, The Bad And The Ugly (Digital Fraud Tracker). Automated bots can overwhelm the cybersecurity groups of banks, but many bots are, in fact, beneficial. The challenge is setting the good bots apart from the bad and countering fraud attempts of the latter. Fun, Cool and Otherwise Interesting.

Data Security 56

Data Security Bots Security Privacy 56

PYMNTS

SEPTEMBER 24, 2020

And then there were the things no one was expecting that showed up anyway, like a flying drone designed to robotically monitor a home’s security. Enhanced security features include a new $4.99-a-month The system will also allow Alexa to take action, such as playing the sounds of dogs barking if it perceives a security threat.

Bots 56

Bots Security On-Demand Adjustments 56

BioCatch

FEBRUARY 13, 2025

The Bank of Thailand (BoT) reportedly plans to overhaul how the countrys financial institutions protect digital banking sessions.

Bots 52

Bots Security Mobile Banking Transactions 52

PYMNTS

JANUARY 10, 2017

Regardless of whether all those Alexas were successful in their purchases, it begs the question if bots are being too helpful and perhaps collecting too much data from people. “It So, while nannies can relax, there is the concern that bot and AI services may be listening to those interactions, whether users are OK with it or not.

Bots 43

Bots Laws Privacy AI 43

PYMNTS

OCTOBER 25, 2016

Mastercard is unveiling an artificial intelligence bot platform that will let users monitor and control their financial lives through social media. Dubbed the Conversational Commerce Service, launched with bot developer Kasisto, the service will be available in early 2017. Mastercard is also announcing a partnership with FitPay Inc.

Bots 75

Bots Visa Contactless Payments Issuers 75

Seon

MAY 28, 2024

Focusing on combating key issues like bonus abuse, multi-accounting, bot activity and affiliate fraud, we’ll examine the attack vectors that can diminish trust and financial stability if they are not addressed efficiently. Can You Spot the Bot? Strengthen Fraud Defenses Elevate iGaming security with advanced fraud and AML.

Security 52

Security Fraud Prevention Bots AML 52

PYMNTS

AUGUST 11, 2020

The product will also, the company said, protect against identity assumption, bot quotes, and “ghost brokering,” which is when fraudsters use fake documents. Along with the security benefits, Kount’s product will also ensure “marketing campaign efficiency and conversion,” the company added. In a Tuesday (Aug.

Product 93

Product Fraud Prevention Bots AI 93

PYMNTS

JANUARY 13, 2020

For example, firms are banned from using bots in a way that allows them to buy thousands of tickets for events and then resell them for highly marked-up prices. That applies, too, to online ticket sales. As reported in CIO, the directives that are now in place take aim at activities tied to entertainment and other events.

Bots 52

Bots Consumer Financial Protection Bureau (CFPB) Regulations CFPB 52

The Fintech Times

JULY 22, 2024

Telegram is a free, multi-platform messenger that houses apps and bots for various functions including games and entertainment, and financial management. The new Altery embedded finance service, the Altery Payment Bot, will provide Telegram users with a seamless payment option they can use on daily digital interactions.

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Embedded Finance Bots Finance Multi-Currency 64