Fi911

DECEMBER 19, 2023

This scale of fraud is challenging for systems dependent solely on human detection, especially considering the increasing volume of online transactions. Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection.

Fraud Prevention 94

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 94

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

Fi911

MAY 22, 2024

This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. Disputed Charges : When a payer disputes a charge, possibly due to not receiving the goods or services promised, a payment reversal can be initiated. What is a Chargeback?

Payer 92

Payer Address Verification System (AVS) Disputes Payee 92

Fi911

APRIL 10, 2024

With their banks’ support, merchants should invest in comprehensive fraud detection and prevention mechanisms. The Impact of Declines on Disputes & Chargebacks An often overlooked aspect in the discourse on transaction declines is the potential for disputes and chargebacks.

Disputes 101

Disputes Alternative Payment Methods Fraud Detection Transactions 101

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 83

Disputes Fraud Prevention Compliance Processors 83

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

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

Wharton Fintech

FEBRUARY 29, 2024

The demand for Spade’s offerings is underscored by the growing challenges in the card ecosystem, including the increasing rate of card fraud attempts, which saw a 46% year-over-year rise. Spade’s solution addresses these challenges head-on, making it a critical tool in the arsenal of modern financial services.

Database 130

Database Fraud Detection Use Case FinTech 130

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.

Process 98

Process PCI DSS Processing Costs Settlement 98

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. 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.

Risk Management 97

Risk Management Risk PCI DSS Process 97

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.

Service Provider 52

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

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

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. 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

M2P Fintech

DECEMBER 17, 2024

Self-service capabilities enable merchants to update information, manage payment options, and resolve disputes independently. This system supports multiple settlement cycles, automated dispute processing, and detailed reporting, enhancing overall merchant operations and financial management.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Settlement 52

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

PYMNTS

MARCH 19, 2018

Armed with information and clarity, cardholders can better recognize their own transactions — whether the intention to dispute is innocent, or whether it is malicious. Among the company’s claims: Up to 90 percent of “chargebacks from genuine fraud, friendly (or first-party) fraud and false claims” can be mitigated.

Card Issuer 61

Card Issuer API Disputes Issuers 61

Stax

NOVEMBER 14, 2024

They occur when a consumer disputes a certain charge to their account. Reducing Cross-Border Fraud Risk International transactions tend to have a high risk of fraud, so using a payment processor with robust security tools is essential. 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

EBizCharge

JULY 16, 2024

Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. This includes developing policies and tools to adequately identify, assess, and mitigate potential fraud.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

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. CPoI mitigates these risks by requiring both a physical card and PIN, ensuring only genuine cardholders can complete transactions.

Transactions 59

Transactions Innovation Fraud Detection Fraud Prevention 59

Finovate

OCTOBER 16, 2024

They can also use AI tools for fraud detection to help banks validate transactions without human intervention. Managing customer disputes Customer disputes are always a headache when facilitating payments. And with instant payments, customer disputes can be even more of a challenge.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

PYMNTS

JULY 24, 2019

For real-time payments to see mainstream adoption, new and improved fraud detection and prevention capabilities will have to be developed, and dispute resolution processes will need to be fine-tuned. “The ability to react is becoming zero,” said Zimmerman.

Real Time Payments 67

Real Time Payments Payment APIs and Integration Faster Payments Fraud Detection 67

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud.

Security 52

Security Due Diligence Compliance Payments 52

Segpay

MARCH 10, 2025

Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Look for a gateway that includes PCI compliance, fraud detection tools, chargeback mitigation strategies, and AI-driven risk analysis to protect transactions and user data.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Fintech Finance

MARCH 22, 2024

It aims at reducing payment frauds upto 40%. Built in-house, this solution will also help Indian businesses reduce chargebacks and disputes, thereby empowering them with tools strategically designed to combat fraudulent transactions with precision and securing financial stability.

PCI DSS 52

PCI DSS Payment APIs and Integration Risk Management Payments 52

M2P Fintech

JULY 28, 2023

Fraud Risk Management (FRM) Banks can mitigate risks and make informed decisions with our FRM solutions. Integrating our FRM module provides real-time fraud detection, thus protecting customers and financial institutions. Banks can have greater control over card networks, digital channels, multicurrency, and more.

Debit Card 52

Debit Card Payment APIs and Integration Reconciliation Online and Mobile Banking 52

Nanonets

AUGUST 16, 2024

Artificial Intelligence (AI) AI is particularly brilliant at handling complex tasks like fraud detection, risk assessment, and claims adjudication. Advanced AI systems can cross-check claim details against policy data, third-party databases, and historical claim records to detect anomalies and assess the validity of claims.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PayHawk

JULY 24, 2023

These businesses face a higher likelihood of chargebacks, legal disputes, and financial instability due to various factors. Nonetheless, the industry faces a considerable number of chargebacks and refund requests due to changes in travel plans and disputes over service quality.

Risk 40

Risk Accounts Fraud Prevention Disputes 40

Clearly Payments

JULY 16, 2024

In 2023, CNP fraud accounted for 81% of all fraud losses in the retail sector, amounting to over $4.5 Chargeback Fraud: Also known as friendly fraud, this occurs when customers dispute legitimate charges to obtain refunds while keeping the purchased goods.

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Clearly Payments

NOVEMBER 10, 2023

Fraud and Chargeback Resolution: Fraud and chargebacks pose significant hurdles during reconciliation, necessitating diligent management and resolution efforts. Chargebacks occur when customers dispute transactions, leading to the reversal of funds.

Reconciliation 52

Reconciliation Credit Cards Processors SWIFT 52

Segpay

JANUARY 24, 2024

High-risk merchants operate in industries or sectors more susceptible to chargebacks, fraud, and regulatory scrutiny. Transparent reporting allows merchants to closely monitor chargeback ratios, find the root causes of disputes, and implement strategies to prevent chargebacks.

Legal 52

Legal Compliance Risk Non-Bank 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

EBizCharge

AUGUST 30, 2024

Up-to-date terminals that accept EMV chip cards and contactless payments can also help merchants mitigate or avoid higher fees associated with manually keyed transactions. Avoid high-risk transactions High-risk transactions often incur higher fees from payment processors because they’re more vulnerable to fraud, disputes, and chargebacks.

Credit Cards 52

Credit Cards Processors Process Card Issuer 52

Seon

MAY 28, 2024

Diving into practical, actionable recommendations, we’ll explore strategies to sharpen risk profiling capabilities and leverage innovative technologies to better identify and mitigate potential threats. Critical indicators of potential chargeback fraud include minimal online presence and a lack of registered social media profiles.

Security 52

Security Fraud Prevention Bots AML 52

Clearly Payments

NOVEMBER 19, 2023

Risk Management: To mitigate the complexities associated with cross-border transactions, international merchant accounts often incorporate robust risk management tools. Global Payment Processing: International merchant accounts leverage a network of processors to handle transactions globally.

Cross-Border 52

Cross-Border Cross-Border Payments Accounts Multi-Currency 52