EBizCharge

MARCH 18, 2025

As data breaches evolve and advance, a robust payment processing system that protects sensitive financial information is essential. A secure payment processing provider for Sage 100 will also give merchants access to fraud detection and prevention tools, 3D Secure, chargeback management, and more.

Credit Cards 52

Credit Cards Process Security Data Breach 52

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. Another way that this outdated security standard has become obsolete is through the proliferation of data breaches.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS 107

APACS Fraud Prevention Deepfake Account Takeovers 107

PYMNTS

DECEMBER 30, 2020

The most common type of debit scheme People’s United sees is card not present (CNP) fraud, which typically originates overseas. 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. ML’s merits and limitations .

Fraud Prevention 66

Fraud Prevention Rules Debit Card Data Breach 66

Payments Source

OCTOBER 30, 2020

Mastercard has rolled out a set of AI-powered tools to thwart fraud and data breaches across banks' ecosystems, particularly to benefit acquirers’ online merchants.

Visa 137

Visa AI Data Breach Security 137

PYMNTS

JULY 9, 2020

This could be a particularly important switch as major data breaches have made it easier than ever for fraudsters to find the personal details they need to figure out customers’ logins and thwart password-based authentication measures. percent of all fraud reported in 2019. Read the full story in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

OCTOBER 1, 2019

Another day, another data breach – at least it seems that way sometimes. In the latest Mobile Order-Ahead Tracker , PYMNTS explores the latest developments in the world of digital ordering, including the rise of artificial intelligence (AI) and machine learning (ML), especially for QSRs protecting themselves against fraud.

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

Accertify

MAY 30, 2023

How can you minimize fraud while providing an excellent customer experience to legitimate customers? Here are four fraud prevention services that help with just this scenario. Digital identity: Help identify if a new customer is a fraudster Data breaches are common these days. Neither option is good.

Fraud Prevention 52

Fraud Prevention Blocks Breach Data Breach 52

Fintech Review

APRIL 20, 2025

It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms. What Is Cybertech?

Finance 52

Finance Security Fraud Detection Encryption 52

PYMNTS

MARCH 29, 2017

XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows. number and types of data breaches associated with any individual customer.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Data Breach 40

PYMNTS

JANUARY 27, 2020

Businesses have good reason to be concerned about data breaches. Cybercriminals’ accomplishments come at the expense of targeted businesses, with a recent study finding that individual data breaches cost firms around the globe an average of $3.92 million in 2019 — a 1.5 percent increase from 2018.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Stax

APRIL 3, 2025

The solution should implement the following data security measures: PCI compliance – The Payment Card Industry Data Security Standard (PCI DSS) is a payment data handling regulation designed to keep cardholder data safe. This protects sensitive payment data from interception by cybercriminals.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. is facing fraud problems as well. For more on these and other digital fraud news items, download this month’s Tracker. million per breach. More than 4.1

Phishing 64

Phishing Data Breach Breach Scams 64

EBizCharge

JANUARY 14, 2025

Strong encryption builds trust with customers and reduces the risk of data breaches. Fraud detection and prevention are critical features of a payment gateway. Effective fraud prevention boosts customer trust and loyalty. Sophisticated algorithms monitor transactions for suspicious activity.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52

PYMNTS

NOVEMBER 30, 2018

Nordstrom and HSBC were the latest to find this out the hard way when each company suffered a recent data breach. The company’s investment will include further development of AI fraud prevention tools (such as AI-based, real-time fraud detection), as well as machine learning (ML) solutions.

Authentication 74

Authentication Fraud Prevention Cybersecurity Data Breach 74

PYMNTS

MARCH 30, 2016

That’s why fraud is always about identity.”. That’s Michael Reitblat, the CEO of Forter, a fraud prevention platform whose business is designed to make it harder for fraudsters to use those easy-to-come-by identities at a merchant. “For every problem you can think of, there is probably a solution already. Alexander warned.

Fraud Prevention 42

Fraud Prevention Authentication Push-to-Card Data Breach 42

Fintech Review

JANUARY 21, 2025

Phishing attacks, ransomware, and data breaches are increasing in both frequency and sophistication. By analysing transaction history and behaviour, AI enhances fraud prevention measures. The Growing Threat Landscape in Fintech As fintech grows, so does its attractiveness to cybercriminals.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

MARCH 22, 2018

With data breaches in the news daily, it’s no surprise that fraud detection is big business. “Companies have always had to choose between protecting and growing their business,” noted Sift Science CEO and co-founder Jason Tan.

Fraud Prevention 43

Fraud Prevention Fraud Detection Account Takeovers Data Breach 43

Stax

NOVEMBER 21, 2024

This is why it’s so important to go for a payment services provider (PSP) that offers robust credit card fraud prevention services to protect you from fraudulent chargebacks and help you better generate evidence to protect your business during chargeback disputes.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

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

Stax

MARCH 18, 2025

Measures such as encryption, tokenization, and fraud detection are vital for protecting payment transactions from cyber threats, fraud, and data breaches. Implement a payment processing service with fraud prevention tools to prevent chargebacks and fraud.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Payments Association

FEBRUARY 13, 2025

From static to modern, risk-based authentication Dewald Nolte, chief strategy officer, Entersekt Legacy fraud prevention technology is no longer suitable in todays fast-evolving payments landscape. A fraudster obtains a customer’s contact and card details during a recent data breach. Here’s an example.

Authentication 88

Authentication Risk Compliance Fraud Detection 88

Stax

FEBRUARY 19, 2025

Expertise in payment security and compliance Handling sensitive financial data requires robust security measures. PCI Compliance: Ensure the provider adheres to industry-standard security protocols and protects your customers’ payment data. Scalability As your SaaS company grows, your support provider should be able to keep up.

Payments 88

Payments PCI DSS Compliance Risk 88

PYMNTS

MARCH 7, 2019

New technologies keep emerging in the fight against fraud — biometrics, for instance — but they are not the only part of pushing back against criminals and preventing them from stealing data and money. The process tied to fraud prevention matters significantly, too.

Fraud Prevention 69

Fraud Prevention Verification Authentication Push-to-Card 69

PYMNTS

MARCH 18, 2020

Social engineering fraud can have dire consequences, too, with one 2016 incident causing pizza buffet chain Cicis to suffer a data breach that revealed customer credit card data from more than 135 locations. Digital And Analog Fraud Prevention.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

The Fintech Times

JANUARY 19, 2024

ChatGPT risks data breaches Greg Hanson, GVP EMEA at Informatica OpenAI’s ChatGPT has been largely adopted by firms across the globe and according to Greg Hanson , GVP EMEA at Informatica, enterprise cloud data management, this won’t slow down in 2024. “In

AI 99

AI Regulations Fraud Prevention Data Breach 99

Clearly Payments

MARCH 14, 2025

Stage 2: Authentication and Security To prevent fraud, security measures are incorporated: EMV Chip Technology : EMV chips provide dynamic encryption for each transaction, making it harder to counterfeit cards. Tokenization : Converts sensitive card data into a unique token, reducing the risk of data breaches.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

PYMNTS

NOVEMBER 6, 2019

Regular fraud systems that worked in the past might not translate very well to stop this kind of fraud.”. Perhaps future ML systems can grow smart enough to perform these same tasks, but the human touch is at least for now a vital fraud detection component.

Verification 40

Verification Fraud Prevention Authentication Credit Cards 40

PYMNTS

FEBRUARY 27, 2020

The February edition of the Digital Fraud Tracker explores recent developments (including a surge in online dating fraud in the Netherlands), the latest advances in unsupervised machine learning and an in-depth look at Dropbox’s extensive fraud prevention efforts. Developments From Around The World Of Digital Fraud.

Fraud Prevention 60

Fraud Prevention Account Takeovers Best Practices Data Breach 60

Payments Source

DECEMBER 6, 2017

Debit and credit both have their downsides, but both of those downsides disappear if you stay up to date with the latest fraud prevention and chargeback management practices, writes Suresh Dakshina, president of Chargeback gurus.

Fraud Prevention 68

Fraud Prevention Breach Posting Payments 68

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. Since PayFacs are responsible for processing and settling funds, they are liable for chargebacks as well.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

The Fintech Times

DECEMBER 18, 2023

“A never-ending stream of data breaches combined with highly sophisticated and technical attacks means the stolen personal information available on the dark web is continuously replenished. Cybercriminals use that information to impersonate people in positions of authority.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

SEPTEMBER 24, 2018

As such, businesses are now investing in their security and fraud prevention technology and solutions. PYMNTS explores the world of cybercrime in this inaugural Digital Fraud Tracker , including how fraudsters target their victims and the ways security providers are working to stop them. . How Cybercrime Happens.

AI 78

AI Account Takeovers Data Breach Cybersecurity 78

The Paypers

OCTOBER 2, 2017

(The Paypers) Mastercard has launched the Early Detection System, helping issuer with a predictive tool to combat account related fraud from data breaches.

Issuers 28

Issuers Fraud Prevention Visa Data Breach 28

Stax

SEPTEMBER 17, 2024

While the news may bring breaking headlines about stolen or lost data from large corporations, every business can take the steps necessary to secure sensitive data. TL;DR PCI compliance is essential because it helps prevent data breaches, ultimately cultivating customer trust. That’s where Stax comes in.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

PYMNTS

APRIL 10, 2019

Even if they do not, the private companies will gain employees who have worked on some of the most pressing issues related to cybersecurity, experience that can translate into fraud prevention and other vital corporate tasks. If we have a lot more companies, we will make space for more,” he added.

Cybersecurity 71

Cybersecurity Visa Governance Government 71

PYMNTS

JANUARY 14, 2021

“The most common type of fraud we actually see is just the same type of fraud that you find in a regular brick-and-mortar retail environment,” she explained. Brendel said fraud incidents also peak after data breaches occur, as vast troves of card numbers, passwords and PINs are leaked into cyberspace.

Data Breach 57

Data Breach Fraud Prevention Breach Credit Cards 57