Fintech News

FEBRUARY 10, 2025

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. From fraud prevention to financial inclusion, its applications are vast and impactful. What Lies Ahead?

AI 78

AI FinTech Fraud Detection Fraud Prevention 78

Finovate

FEBRUARY 5, 2025

Worldpay plans to acquire AI-driven fraud detection company Ravelin. The acquisition will help Worldpay enhance its e-commerce offerings by adding fraud prevention technology and improve business clients’ authorization rates. Financial terms of the deal were not disclosed.

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Acquirers Fraud Prevention Fraud Detection AI 52

Stax

DECEMBER 9, 2024

Debit or credit card chargebacks are when a disputed charge made to a merchant’s account is refunded to the customer’s bank account. According to the federal Fair Credit Billing Act , consumers can dispute a charge in the case of billing errors and the failure of a business to render goods or services as described.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Payments Source

JUNE 3, 2019

Stripe has launched Chargeback Protection through its machine-learning fraud prevention system called Radar.

Disputes 109

Disputes Fraud Prevention Fraud Detection Payments 109

Fintech Finance

MARCH 3, 2025

Products like Antom Copilot, Antom EasySafePay, and Antom Shield, help businesses, including small and medium-sized enterprises (SMEs), integrate payment methods faster, optimize transaction success rates, and enhance fraud prevention more efficiently. Real-time transaction scanning with millisecond-level risk decision.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

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. While theres a level of digital fraud risk, most digital payment processing systems have robust security measures, such as encryption, tokenization, and fraud detection.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Managing chargebacks and disputes Chargebacks occur when customers dispute a payment and request a refund from their bank.

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Clearly Payments

MARCH 14, 2025

Stage 4: Chargebacks and Dispute Resolution If a cardholder disputes a transaction, a chargeback process may be initiated: The cardholder contacts their issuing bank to dispute the charge. The merchant is notified and can provide evidence to refute the dispute. Geolocation and behavioral analytics enhance fraud detection.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

Clearly Payments

SEPTEMBER 18, 2024

A chargeback is a reversal of a credit card transaction initiated by the cardholder’s bank, usually as a result of a dispute by the customer over the purchase. It acts as a consumer protection tool, allowing customers to reclaim funds for unauthorized transactions, fraud, or dissatisfaction with goods or services.

Disputes 105

Disputes Fraud Prevention Payments Credit Cards 105

PYMNTS

OCTOBER 1, 2020

Kount , the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi , the payment protection and management company. Visa said the goal of the purchase is to enhance its chargeback and dispute resolution infrastructure. “As

Disputes 73

Disputes Fraud Detection Fraud Prevention Risk Management 73

The Payments Association

APRIL 2, 2025

Effective April 1, 2025, VAMP will integrate the Visa Fraud Monitoring Program (VFMP) and the Visa Dispute Monitoring Program (VDMP) into a unified framework with stricter thresholds. Non-fraud disputes : Include Visa reason codes 11, 12, 13, and TC 15 messages. dispute ratio (new tier for 2026). are excluded.

Disputes 88

Disputes Issuers Compliance Fraud Prevention 88

FICO

SEPTEMBER 28, 2020

I’ll be participating in an excellent panel, “ Balancing Fraud Prevention & the Customer Experience ,” at the first virtual edition of CBA LIVE , the must-attend annual event for the retail banking industry. Jason has been with Citizens for three years, leading the Fraud Detection and Claims Operations teams since 2016.

Fraud Prevention 59

Fraud Prevention Fraud Detection Mitigation Compliance 59

EBizCharge

MARCH 18, 2025

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. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Core

MARCH 19, 2024

The solution: robust government fraud detection mechanisms for payment systems. Here’s what compliance managers and auditors need to know to strengthen internal fraud prevention and safeguard public funds. When fraud persists for over five years, the average loss increases to $800,000.

Fraud Detection 52

Fraud Detection Government Governance Compliance 52

The Payments Association

MARCH 14, 2025

Understanding your MCC code is essential because it directly affects: 1) Payment processing fees Businesses categorised under high-risk MCCs typically pay higher transaction fees due to increased fraud exposure and chargeback rates. Payment processors impose these fees to mitigate potential financial losses from disputed transactions.

Risk 88

Risk Disputes Processors Fraud Detection 88

Stax

JANUARY 21, 2025

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Fraud prevention features – Look for additional fraud prevention features like fraud detection, address verification, chargeback protection, and IP geolocation to enhance protection from fraud.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Fi911

JUNE 4, 2024

The main responsibility of a chargeback analyst includes interpreting chargeback data to assist with the resolution of client disputes and eliminating the factors that might trigger chargeback risks. The duties performed by a chargeback analyst include: Probing into the authenticity of claims or disputes that result in chargebacks.

Disputes 80

Disputes Fraud Prevention Compliance Processors 80

Stax

APRIL 8, 2025

Interchange fees cover transaction processing costs, fraud prevention costs, and the risk incurred by the issuing bank if the cardholder fails to pay. Chargeback fee – A merchant has to pay this fee if a customer disputes a charge and wins. This fee isnt a fixed rate for all transactions.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

PYMNTS

JULY 2, 2020

But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation. He added that fraudsters have been showing up across the board in terms of fraud types attempted.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

PYMNTS

OCTOBER 28, 2019

Digital fraud prevention company Kount is rolling out a complete solution to protect companies from criminal and friendly fraud, the firm announced in a press release on Monday (Oct. Kount’s digital fraud prevention uses artificial intelligence (AI) that mimics a fraud analyst.

Fraud Detection 40

Fraud Detection Fraud Prevention Gateways AI 40

Wharton Fintech

FEBRUARY 29, 2024

By pivoting to focus on using their unique data to improve transaction approval processes and fraud prevention, Spade hit its stride as evidenced by shortening sales cycles and increasing customer engagement and revenue. The next milestone I’ll be looking out for is a successful sale into a traditional FI.

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Database Fraud Detection Use Case FinTech 130

EBizCharge

MARCH 31, 2025

A reliable Sage merchant services provider must comply with Payment Card Industry Data Security Standards (PCI DSS) to ensure secure transactions and protect against fraud. A top-tier MSP should offer 24/7 customer service, dedicated account managers, and fast response times to quickly resolve any technical problems or transaction disputes.

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Service Provider MSPS Payment Gateways Gateways 52

Segpay

APRIL 16, 2024

Cardholders dispute a transaction with their bank, resulting in a reversal of funds. In this case, both the cardholder and the merchant are victims of Fraud. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Clearly Payments

FEBRUARY 7, 2024

Chargeback Rate The chargeback rate measures the percentage of transactions that result in chargebacks, which occur when customers dispute a transaction with their card issuer. Monitoring chargeback rates helps merchants identify potential fraud or disputes and implement preventive measures to mitigate risks.

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Process PCI DSS Processing Costs Settlement 98

PYMNTS

SEPTEMBER 22, 2020

The growth in digital transactions is also spurring a boost in friendly fraud, which occurs when legitimate customers either knowingly or unwittingly claim that they did not make legitimate purchases and seek reimbursement for them. It also analyzes how focusing on the customer experience can help prevent such fraud in the first place.

Online and Mobile Banking 102

Online and Mobile Banking Fraud Detection Mitigation Verification 102

PYMNTS

MAY 5, 2020

The good news, Pangretic added, is that consumers and businesses are getting better at detecting fraudsters trying to ply their trade across mobile and online transactions. This can really create a proactive communications strategy to significantly decrease the incidence of successful fraud attempts,” said Pangretic.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

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

PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Top Performers.

Fraud Prevention 40

Fraud Prevention Office of the Comptroller of the Currency Procedures PayPal 40

Stax

NOVEMBER 14, 2024

They occur when a consumer disputes a certain charge to their account. Complying with International Regulations Each country has unique laws and regulations governing online transactions, data protection, and fraud prevention. A chargeback happens when a customer disputes a charge on their account.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

Clearly Payments

OCTOBER 25, 2024

High-risk payment processing refers to the services provided to businesses that are considered higher risk for fraud, chargebacks, or other financial challenges. These businesses may have higher chances of disputes or be involved in industries that are more prone to financial risk.

Risk 52

Risk Accounts Processors Disputes 52

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

Fintech Finance

MARCH 13, 2025

Enhanced fraud prevention – Online merchants currently face over $40 billion in fraud losses annually, with fraud increasing 69 percent per year. Minimise fraud and chargebacks, reducing costs and disputes for businesses.

Transactions 59

Transactions Innovation Fraud Detection Fraud Prevention 59

PYMNTS

JULY 10, 2019

These platforms promise fast, seamless transactions, which most deliver – but when platforms focus on reducing friction for users, it can backfire and create new vulnerabilities to fraud. An unexpected consequence of the retailer race to offer same-day and one-day delivery is increased fraud exposure. Over three-fourths (79.6

Fraud Detection 56

Fraud Detection AI B2C Disputes 56

PYMNTS

SEPTEMBER 15, 2020

Resolving disputes can be time intensive, forcing banks to take on the administrative tasks required to gather and assess evidence. Card issuers that believe chargeback claims are valid then ask merchant acquirers to send funds on behalf of merchants to cover the transaction reversals — unless the sellers wish to dispute the claims.

AI 62

AI Disputes Issuers Push-to-Card 62

Clearly Payments

JANUARY 8, 2024

Here are some key types of risks that merchants should be mindful of in payment processing: Fraud Risk: Fraud risk involves unauthorized or deceptive activities aimed at exploiting the payment system for financial gain. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

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. Fraud detection and prevention. Early detection can help in the rapid mitigation of fraud.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

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