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Pay.UK’s Fraud Detection Pilot Exceeds Expectations, Detecting Over £112m Worth of Fraud

Fintech Finance

The initiative trialled a new overlay service which will allow all UK banks and building societies to analyse money flows and use predictive intelligence to proactively detect fraud and help prevent crime before it occurs, safely and securely. The pilot has been tested with the whole market in mind and for the benefit of all end users.

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Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

In a conversation with PYMNTS , Mastercard Executive Vice President of Global Commercial and B2B Solutions James Anderson described the importance for Mastercard to develop overlay services on top of existing rails to promote that choice. In an announcement , FinTech-as-a-Service company Rapyd rolled out its Rapyd Protect solution.

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