Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. Safeguard Your Business, Protect Your Future Don’t let fraud drain your resources.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Fintech News

MAY 27, 2024

This technology enables fraudsters to exploit vulnerabilities in fintech platforms, necessitating advanced fraud prevention strategies. Impact on Both Consumers and Fintech Brands Fraud not only harms consumers’ financial and mental well-being but also erodes trust in APAC fintech brands.

APACS 117

APACS Data Breach FinTech Fraud Prevention 117

Fintech News

MARCH 21, 2024

SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction monitoring, device fingerprinting, and comprehensive assessments to mitigate unauthorised use. The PayLabo platform has been able to offer this to its users since its launch.

Payment Service Provider (PSP) 113

Payment Service Provider (PSP) Fraud Prevention Cybersecurity Mitigation 113

PYMNTS

DECEMBER 30, 2020

Stopping such fraud can be a tall order, Boyer said, but machine learning (ML) and rules-based analysis can do their parts to bring it to heel. At the core of the fraud prevention system at People’s United is a rules-based analysis program that inspects transactions for signs of debit fraud or other malfeasance.

Fraud Prevention 66

Fraud Prevention Rules Debit Card Data Breach 66

Fintech News

SEPTEMBER 16, 2024

This acquisition complements Mastercard’s services in identity verification, fraud prevention, and cybersecurity, offering enhanced protection for merchants and financial institutions.

Visa 113

Visa Acquirers Cybersecurity Fraud Prevention 113

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Multifaceted approaches to fraud prevention Effective fraud prevention now requires a combination of technological and human intelligence, transcending traditional security models.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

Neopay

FEBRUARY 5, 2025

Financial system integrity: Fighting financial crime and strengthening resilience Financial crime prevention remains a top priority, with the FCA highlighting persistent weaknesses in governance, risk management, and fraud prevention. A continued focus on the impact of regulatory changes on payments, consumers, and firms.

Fraud Prevention 52

Fraud Prevention Financial Crimes Compliance Payments 52

The Payments Association

MARCH 25, 2025

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

The Payments Association

OCTOBER 28, 2024

It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Fintech Review

APRIL 20, 2025

It allows them to scale rapidly without compromising security. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms. It is part of the user experience, brand reputation, and investor confidence. This levels the playing field and supports innovation.

Finance 52

Finance Security Fraud Detection Encryption 52

PYMNTS

MARCH 29, 2017

XOR Data Exchange’s free platform, Compromised Identity Exchange Basic, gives online retailers the ability identify and prevent account takeover attempts by providing theft risk insight on the individual consumer level. number and types of data breaches associated with any individual customer. and globally.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Data Breach 40

Fintech Finance

OCTOBER 22, 2024

is next-level fraud prevention. Phil Chilvers, Chief Commercial Officer at SmarterPay, said: “Account takeover fraud is a terrifying and growing phenomenon in the UK; unauthorised fraud losses totalled a massive £700m-plus in 2023 alone.** SmarterPay Secure Signup (UK patent pending GB2410376.4)

Account Takeovers 92

Account Takeovers Accounts Fraud Prevention Compromise 92

Fintech News

MAY 8, 2024

Key benefits of the VAAI Score include enhanced fraud prevention and reduced operational losses by detecting complex enumeration patterns swiftly. said Michael Jabbara, SVP Global Head of Fraud Services, at Visa. The post Visa Targets Bot-Driven Financial Fraud with New AI Feature appeared first on Fintech Singapore.

Bots 113

Bots AI Issuers Fraud Prevention 113

Fintech Finance

MAY 22, 2024

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. The post Mastercard Accelerates Card Fraud Detection With Generative-AI Technology appeared first on Fintech Finance.

Fraud Detection 95

Fraud Detection Visa AI Technology 95

The Payments Association

DECEMBER 11, 2024

2025 payment trends focus on digital wallets, instant payments, AI, fraud prevention, and consumer convenience, driven by evolving regulations and innovation. Instant payments are gaining momentum in a modern world where immediacy is everything; businesses and consumers demand speed without compromise.

Payments Trends 88

Payments Trends Fraud Prevention Instant Payments Payments 88

The Fintech Times

MAY 9, 2024

Visa explains that 33 per cent of enumerated accounts experienced fraud within five days of a fraudster obtaining access to their payment information. Over the past five years, the company has invested more than $10billion in technology, including to reduce fraud and increase network security.

AI 111

AI CVV2 Issuers Compromise 111

Seon

JUNE 15, 2023

Business email compromise (BEC) attacks can be a major risk to businesses’ finances and reputations. Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. Reported losses in 2020 exceeded $4.2

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

AUGUST 3, 2020

Fraud Captures Faster Payments Council Attention. Faster Payments Council (FPC) recently announced the publication of a white paper, “Examining Faster Payments Fraud Prevention,” highlighting the growing focus of faster and real-time payments innovators on the topic of fraud. ” $4.13

B2B 131

B2B FPC Scams Email Compromise 131

FICO

JUNE 11, 2020

While convenient for customers, unattended pumps make it easier for use fraudsters use compromised cardholder information (available in plentiful supply on the Dark Web ) to make fraudulent purchases. . As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

EMV 72

EMV Compromise Fraud Prevention CHIPS 72

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. It’s about combining insight and connecting the dots” when it comes to fraud, he told Webster.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Stax

APRIL 3, 2025

If a hacker compromises the eCommerce site, they only access a useless token, instead of payment data. Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. As online transactions increase, so does the risk of fraud.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

OCTOBER 25, 2016

25) a partnership to integrate its Trusted Digital Identity online fraud prevention and compliance automation platform with Neoway’s Advanced Data solution. IdentityMind Global announced Tuesday (Oct.

Due Diligence 72

Due Diligence Fraud Prevention Money Laundering Compliance 72

Fintech News

APRIL 7, 2024

Stuart Wells These technologies play a crucial role in verifying identities in an environment increasingly compromised by sophisticated fraud. Jumio’s approach to bolstering identity fraud prevention involves AI-driven fraud checks on identity documents for signs of tampering, such as text and photo manipulation.

Deepfake 134

Deepfake Scams Fraud Detection Verification 134

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

The Paypers

AUGUST 25, 2022

US-based Rippleshot has partnered with Flashpoint to pair Rippleshot’s compromised and high-risk merchant data and insights with Flashpoint’s Payment and Credit Card Fraud Mitigation solution.

Fraud Prevention 36

Fraud Prevention Compromise Mitigation Credit Cards 36

PYMNTS

OCTOBER 19, 2016

There was a time, Reitblat said, when the biggest fraud concern most retailers had to worry about was how fraudsters used devices to produce counterfeit physical payment cards. Reitblat said that, once, fraud prevention was all about stopping fraudulent transactions, limiting a retailer’s losses, protecting what they had.

Fraud Prevention 81

Fraud Prevention EMV Blocks Risk 81

Fintech Finance

AUGUST 9, 2024

We are committed to continuously developing new technology providing rich customisation options without compromising on user experience. At Marqeta, through the use of open API’s we create customised card products on demand with dynamic spend controls that fund expenses in real-time to minimise fraud and manage employee purchasing power.

Embedded Finance 85

Embedded Finance Fraud Prevention Credit Cards Caps 85

The Fintech Times

DECEMBER 28, 2023

Businesses under greater pressure to protect customers Tamas Kadar, CEO and co-founder SEON In the face of rising online fraud and limited government action, businesses are increasingly burdened with the responsibility of protecting customers, warns Tamas Kadar, CEO and co-founder of anti-fraud platform SEON.

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

Fi911

JULY 8, 2024

Acquiring banks have a vested interest in helping their merchant clients stop eCommerce fraud, as it directly impacts the financial stability and reputation of both parties. By assisting merchants in implementing effective fraud prevention measures, acquiring banks can reduce potential losses and enhance trust in the payment ecosystem.

Account Takeovers 97

Account Takeovers Fraud Detection Phishing Fraud Prevention 97

Clearly Payments

JANUARY 12, 2024

In the unfortunate event that a merchant identifies or suspects credit card fraud at their business, it is crucial to respond promptly and effectively to minimize potential losses and protect both the business and its customers. Here are specific steps to take if a credit card fraud incident occurs.

Credit Cards 105

Credit Cards Law Enforcement Card Issuer PCI DSS 105

PYMNTS

JANUARY 27, 2020

Businesses need employees to build and promote their products, but they cannot afford to have those workers weaken their security, meaning fraud prevention must be among firms’ top priorities. The scheme originated from a number of phishing emails that targeted a handful of employees.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

The Fintech Times

DECEMBER 22, 2023

Cleafy , a fraud prevention, cybersecurity expert, data scientist, and software engineer team, has launched new technology to proactively classify, detect and respond to new malware variants in real-time, to tackle an issue presenting growing levels of threat.

AI 88

AI Cybersecurity Online and Mobile Banking Fraud Prevention 88

FICO

JANUARY 25, 2021

Fraud prevention. Customer identity management goes beyond identity and access management in these areas: Identity proofing. Document verification. Customer screening. Criminal network analysis. Customer identity management and identity and access management may overlap when determining who customers are when they want to transact.

Financial Crimes 98

Financial Crimes Authentication Crime Money Laundering 98

PYMNTS

APRIL 7, 2020

The 2020 Association for Financial Professionals (AFP) Payments Fraud and Control Survey underwritten by JPMorgan found that business email compromise (BEC) was the most noted origin of tried or actual fraud incidents in 2019, according to an announcement. That figure marks the second-highest percentage in the past 10 years.

Business Email Compromise 61

Business Email Compromise Email Compromise AFP Compromise 61

FICO

MAY 27, 2021

Like many modern card and e-commerce frauds, the scam itself contains a range of attack vectors in a single place. This includes phishing of personal and account-level information as well as compromising the PAN / CVV for use in a fast-following fraud attack.

Scams 98

Scams Law Enforcement Compromise Fraud Prevention 98

PYMNTS

JANUARY 4, 2019

The rest of the year will bring other such attacks, and no doubt new attacks barely imagined even by veteran fraud-prevention experts. Among the most promising is the deployment of machine learning technology that can recognize patterns that indicate fraud.

Fraud Prevention 76

Fraud Prevention Volume Compromise Crime 76

The Payments Association

MARCH 17, 2025

Any increase would need to be supported by robust fraud prevention measures, including tokenisation and dynamic authentication. Establishing a structured review process: Many existing regulations pre-date the digital payments era.

Regulations 88

Regulations Risk Stablecoins Payments 88