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. Fraud detection and mitigation are essential to an enhanced customer relationship.

AI 61

AI Fraud Detection Issuers Mitigation 61

The Fintech Times

AUGUST 13, 2024

Brazil and Mexico were the most affected, recording millions of phishing attempts aimed at stealing financial data and credentials. It’s important to remember that these attacks — stemming from a new and emerging technology — are taking place in an area struggling to fight back against other types of fraud.

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

Seon

JANUARY 29, 2024

This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud? In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

MAY 6, 2020

Many banks use AI to double-check consumers’ credentials on the back end, but this has security drawbacks when the algorithms can access only outdated or weakly verified information, such as when accounts are created and customer information is seen for the first time. Technology is only as good as the data it is allowed to access, however.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Fintech News

OCTOBER 28, 2024

Wimika RMS Technologies Ltd (Nigeria) The Wimika team is composed of seasoned professionals with diverse, yet complementary, expertise covering cybersecurity, software engineering, product management, insurance, fintech, digital fraud prevention, risk management, legal and leadership.

FinTech 114

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

PYMNTS

FEBRUARY 20, 2020

Fraud prevention and identity verification firm Kount is launching Email First Seen, a tool that serves as an indicator of email trust, the company announced on Thursday (Feb. The network consists of fraud and trust signals from over half a billion email addresses, 32 billion interactions and 17.5

Fraud Prevention 54

Fraud Prevention Cybersecurity AI Disputes 54

PYMNTS

NOVEMBER 26, 2019

Against that backdrop, bad actors are changing their strategies to gain access to users’ online bank credentials. FIs must ensure that their analytics and business intelligence efforts are constantly recalibrated, with an eye on fraud detection, user friction and false positives. Fraud is not static, said Srinivasan.

Real Time Payments 61

Real Time Payments Authentication Fraud Prevention Credential 61

The Fintech Times

OCTOBER 21, 2024

iDenfy , a Lithuania-based identity verification and fraud prevention software provider, has launched a new ‘Bank Verification’ solution, designed to enhance the customer onboarding process.

Verification 52

Verification Compliance IBAN Fraud Detection 52

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. Fraud transaction monitoring’s scope is narrow.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

PYMNTS

JANUARY 8, 2020

In a new PYMNTS interview, Karen Webster talked with Yinglian Xie, CEO and co-founder of DataVisor , about some of the new trends in fraud, and why the travel industry is a big target for increasingly sophisticated criminals. Fraud Types. They are just in the early stages of realizing that nobody is immune to (fraud),” she noted.

Fraud Detection 54

Fraud Detection Push-to-Card Fraud Prevention Credential 54

PYMNTS

MAY 20, 2020

False positives are the bane of fraud fighters everywhere, as they penalize legitimate customers due to the behavior of bad actors illicitly armed with credentials, card numbers and accounts. Turning away a good order is so damaging,” Rich Stupp y, chief customer experience officer at Kount, told PYMNTS. Data Theft Ruining Appetites.

Fraud Prevention 52

Fraud Prevention AI Rules Fraud Detection 52

Seon

MAY 8, 2024

Additionally, it can swiftly detect suspicious emulators or virtual machines frequently utilized by fraudsters in account takeover schemes and phishing attempts to trick users into revealing their login credentials. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

Clearly Payments

JANUARY 8, 2024

Additionally, leveraging advanced fraud detection tools and machine learning algorithms in real-time helps analyze transaction patterns and differentiate between legitimate and potentially fraudulent activities. Empowering customers to be vigilant about their own security is another key aspect.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Segpay

MARCH 10, 2025

Evaluate transaction fees, chargeback policies, and currency conversion rates to prevent unexpected expenses and optimize revenue retention. Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Implement real-time fraud detection and chargeback management to enhance security.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

PYMNTS

DECEMBER 18, 2019

Many of these schemes take the form of clean fraud or friendly fraud — which sound innocuous, but are actually never-ending threats that many fraud-fighting systems are ill-equipped to counter. For more on these and other digital fraud news items, download this month’s Tracker.

AI 52

AI Fraud Detection Cryptocurrency Risk Assessment 52

EBizCharge

MARCH 3, 2025

This method helps verify your customers identity, reducing fraud and enhancing payment security. Advanced fraud detection tools monitor and analyze payment transactions for suspicious activities. By catching unusual patterns, these tools help prevent fraud before it can threaten the business or affect financial statements.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. These security measures enhance consumer trust and confidence in digital payment systems. What makes online payment gateways unique?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

APRIL 24, 2018

When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. First, these attacks can have a rolling effect: Once a fraudster gains access to a consumer’s credentials at one eCommerce merchant, he holds the key to a potential myriad of other digital stores at which to exploit them.

Breach 50

Breach Bots Credential Data Breach 50

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Long-running synthetic ID schemes have illuminated gaps in FIs’ traditional fraud-fighting measures.

Credit Union 58

Credit Union Authentication Credential Assessments 58

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. The platform now offers real-time authentication, as well as fraud detection tools that examine voice and other biometric factors.

AI 53

AI Identity Theft Authentication Verification 53

FICO

APRIL 29, 2022

For banks, and consumers too, that translates into more risk exposure and a much larger payment fraud challenge. Here are some steps consumers and fraud professionals can take to bolster their fraud prevention efforts. How FICO's Fraud Detection Capabilities Can Help Your Organization Fight Retail Payments Fraud.

Retail Payments 52

Retail Payments Zelle Consumer Romance Scams 52

Segpay

OCTOBER 18, 2023

Infiltration: Criminals gain access to the payment processing system of the legitimate business by hacking into the merchant’s system, using stolen credentials, or bribing fraudulent employees. It can have severe legal and financial consequences for all parties involved.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Nanonets

SEPTEMBER 27, 2024

These pain points span across various aspects of insurance operations, from customer experience and fraud prevention to operational efficiency and regulatory compliance. Fraud Detection    Automation aids in identifying and flagging suspicious patterns through data analytics and real-time monitoring.

Process 52

Process Underwriting Automation Database 52

PYMNTS

OCTOBER 11, 2018

Their systems can spot fraud in a single instance, such as a user trying to break into the system with stolen credentials. The fraud detection system obviously needs to first stop the attempted break-in at that single touchpoint.

Credit Union 56

Credit Union Fraud Detection Online and Mobile Banking Account Takeovers 56

Clearly Payments

JULY 16, 2024

Fraud Rate by Industry in 2023 Credit card fraud is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates. ATO fraud increased by 72% in 2023, with losses totaling $11.4 In 2023, 83% of financial institutions reported an increase in phishing attacks.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

FICO

MARCH 22, 2022

They can use automated tools to mount mass attempts to access accounts with credential stuffing. Account Takeover Fraud – No Single Fix. The complexity of account takeover fraud means that financial institutions have to take a layered approach to prevention and detection. by Sarah Rutherford.

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

FICO

JANUARY 10, 2023

Innovative Customer Communications for Fraud. Detecting possible fraud is important, but what you do with that suspicion may matter even more. Taking the most strident fraud prevention actions might seem the intuitive answer but suspicion is often unfounded, and most customers are not fraudsters.

Scams 52

Scams Posting Push-to-Card Compromise 52

Seon

JUNE 21, 2023

These help customers who are rightly using different combinations of usernames and passwords track their various login credentials, helping combat ATO attacks, which are especially dangerous in the context of VCC fraud.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52

FICO

JANUARY 19, 2022

As my colleague Matt Cox recently blogged , an enterprise fraud approach delivers a composite view of a customer’s inflow and outflow activity by breaking down traditional silos of credit, debit, deposits and payments (person-to-person, mobile, wire transfers, ACH and more), adding application fraud detection to that view.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

The Payments Association

DECEMBER 2, 2024

The payments industry in 2024 saw rapid evolution, marked by the growing adoption of real-time payments, advances in AI-driven fraud detection, and significant progress in Central Bank Digital Currencies (CBDCs). Enhancing everything from fraud prevention to personalised payment experiences.

Embedded Finance 88

Embedded Finance Payments Fraud Detection AI 88

Segpay

DECEMBER 19, 2024

Improved User Experience IDaaS solutions enhance the user experience by providing single sign-on (SSO) capabilities, which allow users to log in once and gain access to multiple applications without needing to re-enter credentials. This streamlines the login process, reduces password hassles, and improves productivity.

Verification 104

Verification Authentication MFA Compliance 104