The Payments Association

JANUARY 3, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. What’s next?

Scams 88

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

Fintech News

MAY 22, 2024

The generative AI-based predictive technology has doubled the detection rate of compromised cards while simultaneously reducing false positives in fraud detection by up to 200%. Continuous monitoring of attempted transactions on compromised cards further mitigates fraud and enhances cybersecurity.

Compromise 89

Compromise Visa AI Fraud Detection 89

PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. FIs are kept on their toes to mitigate this risk. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

Fintech News

OCTOBER 15, 2024

Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally. By incorporating features like document verification, face matching, and fraud detection, HashKey has improved verification speed while maintaining compliance with regulatory standards.

Verification 89

Verification Fraud Detection Money Laundering Compliance 89

The Payments Association

NOVEMBER 20, 2024

From payment card fraud and identity theft to chargeback fraud and refund fraud, scammers are continuously devising new ways to siphon money away from cardholders and merchants illegally. Why are AI tools especially effective at fighting fraud? say they plan on using AI fraud-detection solutions in the future.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

The Fintech Times

APRIL 15, 2024

Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so. “Looking more specifically at AI for the embedded finance market, the trend of ‘hyper-personalisation’ continues. Take embedded insurance as a good example here.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Fi911

JULY 8, 2024

How Big of a Problem is eCommerce Fraud? eCommerce fraud has grown into a significant global issue, affecting businesses of all sizes and across all industries. And, as online sales continue to skyrocket, so too does the number of fraud attempts.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Nanonets

MAY 31, 2023

All of these can reduce a business’s competitive edge, from delays in decision-making to poor strategic planning, even leading to difficulties in maintaining financial integrity, which increases the likelihood of fraud or regulatory action. AI can help mitigate these issues.

AI 122

AI Finance Fraud Detection Mitigation 122

Nanonets

DECEMBER 13, 2023

#1: Increased Accuracy and Reduced Errors AI in insurance claims processing plays a pivotal role in enhancing accuracy and reducing errors by automating various tasks and mitigating the risks associated with manual processes. The integration of fraud detection algorithms is paramount for error reduction.

AI 102

AI Process Fraud Detection Compliance 102

The Payments Association

DECEMBER 11, 2024

Digital wallets will continue to grow in prevalence More than four in five (82%) respondents flagged this as a major trend shaping the payments industry. Fraud prevention will stay firmly in the forefront of the mind Fraud continues to rise, and the fraudsters develop more sophisticated attacks.

Payments Trends 88

Payments Trends Fraud Prevention Instant Payments Payments 88

Stax

AUGUST 22, 2024

Implementing an effective risk management framework can help you minimize the impact of potential threats, ensure business continuity, and recover quickly in the face of adversity. Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks.

Deepfake 111

Deepfake Scams Fraud Detection Verification 111

PYMNTS

MARCH 19, 2018

Research published in 2016 from Shell found that nearly two-thirds of surveyed fleet managers cited fuel fraud as a major problem, with professionals acknowledging an array of weak points that expose a company to losses. Fraud detection and mitigation are essential to an enhanced customer relationship.

AI 61

AI Fraud Detection Mitigation Issuers 61

Fintech Finance

OCTOBER 24, 2024

” Looking to the future, the partnership with Plaid could also enable Dwolla’s customers to mitigate ACH return risk and perform enhanced fraud detection and prevention. “We’re working with partners like Plaid to future-proof A2A payments,” said Skyler Nesheim, Chief Technology Officer at Dwolla.

Risk Assessment 93

Risk Assessment Payment APIs and Integration Verification Assessments 93

PYMNTS

JUNE 20, 2019

According to the latest Payments 2022 Playbook: Building A High-Performing Payments Team For Fraud Detection , a PYMNTS study in collaboration with Stripe, digital platforms continue to express discontent with their current fraud strategies, and false positives are compromising their brands, customer relationships, and bottom lines.

B2B 73

B2B Fraud Detection Third Party Vendors Payments 73

Fi911

JANUARY 18, 2024

To combat third-party fraud effectively, banks should take several proactive measures to protect both their customers and their own financial systems. They should also have a robust response plan in place to investigate and address reported cases of third-party fraud swiftly. The post What is Third-Party Fraud?

Account Takeovers 92

Account Takeovers MFA Fraud Detection Credit Cards 92

Stax

JANUARY 8, 2024

Not only must PayFacs safeguard themselves and their clients against potential threats like fraud or cybersecurity breaches but also ensure PCI compliance , customer due diligence, and adherence to card regulations. You should also have contingency plans or initiatives in place to mitigate the impact of a risk.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Fintech Times

FEBRUARY 4, 2024

Overall fraud rates in North America in 2023 increased by 70 per cent, according to a recent Featurespace report. As fraud continues to rise across the globe, many are left scratching their heads when considering how best to approach consumer protections.

Visa 69

Visa AI Consumer Fraud Detection 69

Fintech Finance

JUNE 5, 2024

Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey. Sumsub will expedite customer onboarding processes, mitigate fraud risks and foster trust, ultimately driving growth by enhancing the digital experience for end-users.

Fraud Prevention 52

Fraud Prevention Verification Visa Mitigation 52

Fintech News

FEBRUARY 21, 2024

The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend. Such measures were designed to discourage speculative trading and mitigate financial risks for retail investors. billion (SG$ 32.51 billion (SG$20.06

Crime 91

Crime Ransomware Scams Stablecoins 91

The Fintech Times

SEPTEMBER 3, 2024

Continuing the partnership, the two entities plan to support a range of advanced AI-driven use cases designed to unlock business value and create new competitive advantages. After years in development, these innovations will be introduced in our next-generation IBM Z platform so clients can leverage LLMs and generative AI at scale.”

Use Case 64

Use Case AI Innovation CHIPS 64

Fintech News

APRIL 28, 2024

By leveraging, advanced technologies such as cloud computing, AI/ML, biometric authentication, anomaly detection algorithms, and real-time monitoring systems, banks can enhance their fraud detection capabilities, identify suspicious patterns, and mitigate risks more effectively.

AI 93

AI Innovation Financial Crimes Crime 93

Seon

JUNE 27, 2024

Such uncertainty is unwelcome in cybersecurity and fraud. Both fields are defined by their abilities to predict, prevent and mitigate risks. On the one hand, AI’s capabilities enhance defense mechanisms, enabling the detection and counteraction of fraud with remarkable efficiency.

Cybersecurity 52

Cybersecurity Fraud Detection Identity Theft Money Laundering 52

PYMNTS

DECEMBER 18, 2020

QSRs are working hard to mitigate the myriad threats that have surfaced during the past year, and many plan to apply the lessons they learned during the health crisis in the coming years. Restaurants will therefore have to step up their games when it comes to fraud detection and prevention. Lessons For 2021 And Beyond.

Fraud Detection 91

Fraud Detection Security Credit Cards Card Issuer 91

PYMNTS

JANUARY 22, 2020

She will continue to grow the company’s competitive payment choices while accommodating the ever-changing habits of buyers and their digital culture. Lerdal was vice president of fraud operations and compliance for PULSE. He was instrumental in leading the enhancement of PULSE’s DebitProtect fraud-detection service.

Fraud Detection 52

Fraud Detection Product ATM Risk Mitigation 52

PYMNTS

JANUARY 22, 2020

She will continue to grow the company’s competitive payment choices while accommodating the ever-changing habits of buyers and their digital culture. Lerdal was vice president of fraud operations and compliance for PULSE. He was instrumental in leading the enhancement of PULSE’s DebitProtect fraud-detection service.

ATM 52

ATM Fraud Detection Product Risk Mitigation 52

Fintech News

DECEMBER 13, 2023

As this digital revolution continues to reshape the financial landscape, it is crucial to examine the future of the monetary system and address the challenges the crypto industry faces. Considering that the crypto industry has likely continued to evolve in response to regulatory changes is essential.

Financial Crimes 96

Financial Crimes Money Laundering Crime Risk 96

The Payments Association

OCTOBER 14, 2024

While some argue that the reduced cap will alleviate the financial strain on smaller PSPs, others, such as fraud prevention experts, feel it weakens the push for stronger fraud detection systems within the industry. ” The urgency of the new rules APP fraud has become a major concern in the UK’s financial landscape.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

The Fintech Times

MARCH 18, 2024

Key benefits of digital fraud prevention tools Real-time monitoring leveraging fraud detection algorithms The power of modern fraud detection tools lies in their ability to monitor transactions and user behaviour continuously, in real time.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

The Payments Association

DECEMBER 18, 2024

Undoubtedly, fintech and payments will continue to serve as pivotal forces shaping the financial landscape, but what trends will define the market next year? Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

The Payments Association

OCTOBER 22, 2024

While this marks a significant step toward protecting consumers from authorised push payment (APP) fraud, concerns remain that the reduced compensation cap may leave some victims vulnerable. Further, it is unclear whether the rules address the complexities and evolving fraud tactics. AI is a double-edged sword in fraud prevention.

Rules 88

Rules Fraud Prevention Deepfake Caps 88

The Fintech Times

MAY 16, 2024

As new payment technologies continue to emerge and fraud tactics evolve, there is a growing recognition of the need for regulatory adjustments to effectively combat these challenges. Using data to manage fraud detection This need for regulatory adaptation extends to fraud prevention as well.

Fraud Prevention 64

Fraud Prevention Fraud Detection Payments Regulations 64

FICO

NOVEMBER 10, 2020

As someone who has worked in fraud detection and mitigation for more than 30 years, I wanted to share some important facts on how banks and card issuers protect their customers from fraudulent transactions: with multiple defenses that are often invisible, and more importantly, often intentionally frictionless. Emphases added.).

Credit Cards 98

Credit Cards Consumer Card Issuer Issuers 98

The Fintech Times

NOVEMBER 27, 2024

In light of this, integrating Elliptic’s analytics into Sumsub’s platform enables firms to protect users, providing a comprehensive view of blockchain transactions to mitigate financial crime. Together with Elliptic, we can provide powerful tools to streamline compliance, mitigate risks, and stay ahead of emerging threats in the sector.”

Transactions 59

Transactions Financial Crimes Crime Blockchain 59

FICO

SEPTEMBER 28, 2020

This year I’m honored to share the virtual stage with three fraud-fighting superstars to talk about how, with the right platform and security partners, banks can both mitigate fraud and deliver frictionless customer experiences.

Fraud Prevention 59

Fraud Prevention Fraud Detection Mitigation Compliance 59

The Fintech Times

DECEMBER 9, 2024

Mike Camerling, CEO, Aevi Mike Camerling , CEO said: “The incident has underscored the critical need for resilience, especially in industries like payments, where operational continuity and consumer trust are paramount. ” EV payment anxiety continues to be a concern. How should businesses address this?

Payment APIs and Integration 102

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 102