Finovate

APRIL 9, 2025

Philippines-based Security Bank has announced a new collaboration with Entrust. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank. ” Established in 1951, Security Bank has deployed Entrust’s Onfido Studio platform. .

Security 87

Security Deepfake Verification Fraud Detection 87

Bank Automation

FEBRUARY 3, 2025

Mastercards deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The tool processes 143 billion transactions annually and uses generative AI to scan 1 trillion […] The post Mastercard taps gen AI for fraud prevention appeared first on Bank Automation News.

Fraud Prevention 52

Fraud Prevention Visa AI Fraud Detection 52

Fintech Finance

MARCH 5, 2025

HPS , a leading global provider of payment software and solutions, and Enigma , a global leader in artificial intelligence enabled entity resolution and decision-making, today announced a strategic collaboration to deliver cutting-edge AI fraud detection models to businesses worldwide.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

Clearly Payments

OCTOBER 30, 2024

Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

The Fintech Times

NOVEMBER 16, 2024

Through a recent survey, payabl found that 81 per cent of merchants expect to see growth in digital wallet usage, while 69 per cent expect open banking and instant bank transfers to gain popularity as consumer demand for convenient, secure payment options continues to grow.

Fraud Prevention 59

Fraud Prevention Compliance Regulatory Compliance AI 59

Fintech Finance

FEBRUARY 20, 2025

Runa , the leading global fintech infrastructure for the next generation of payouts experiences, today announced the launch of Runa Assure, a security suite specifically built to fortify payout processes against threats of fraud, cyberattacks, and compliance risks. Web Application Firewalls (WAF) monitor traffic continually.

PCI DSS 87

PCI DSS Security Payment APIs and Integration MFA 87

Fintech News

SEPTEMBER 29, 2024

Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. The acquisition aims to bolster Visa’s fraud detection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions.

Fraud Detection 107

Fraud Detection AI Acquirers Fraud Prevention 107

The Payments Association

JANUARY 3, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech Finance

NOVEMBER 14, 2024

The survey reveals that 81% of merchants anticipate a surge in digital wallet usage, while 69% expect Open Banking and instant bank transfers to gain popularity as consumer demand for convenient, secure payment options continues to grow.

Payment APIs and Integration 98

Payment APIs and Integration Regulatory Compliance Cross-Border Payments Fraud Prevention 98

Fintech Review

APRIL 20, 2025

Cybertech refers to the suite of digital tools designed to secure networks, systems, and users from cyber threats. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. New features can be launched with confidence that systems will remain secure.

Finance 52

Finance Security Fraud Detection Encryption 52

Fintech Finance

DECEMBER 11, 2024

To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. The central server aggregates these learnings to enhance Swifts global model.

SWIFT 95

SWIFT AI Cross-Border Payments Privacy 95

The Payments Association

APRIL 8, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Scams Participant 88

The Payments Association

JANUARY 21, 2025

These innovations are redefining how payments are processed and driving efficiency, enhancing security, and creating personalised customer experiences. Businesses increasingly leveraged BNPL services to improve cash flow flexibility, while AI played a crucial role in enhancing fraud prevention and transactional security.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

The Payments Association

FEBRUARY 10, 2025

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Payments Association

APRIL 8, 2025

It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. The discussion covered a wide range of topics, from the increasing diversification of payment methods to fraud prevention and regulatory concerns. What’s next?

Fraud Prevention 88

Fraud Prevention Instant Payments Alternative Payment Methods Participant 88

Fintech News

MARCH 27, 2024

Leveraging its extensive experience and a US$10 billion investment in technology and innovation over the past five years, Visa aims to enhance fraud prevention and network security. These new products are scheduled for release in the first half of 2024, with availability varying by market and product.

Fraud Prevention 107

Fraud Prevention AI Value Added Service Fraud Detection 107

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud. What is a Bank Identification Number (BIN)?

Process 104

Process Processors Payments Compliance 104

Finovate

APRIL 8, 2025

Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. Further, fraudsters are increasingly adept at circumventing and subverting rules-based AML and fraud detection strategies. The company was founded in 2018.

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

Fintech News

MARCH 24, 2025

Crypto fraud rate, %, Source: State of the Crypto Industry 2025, Sumsub, Feb 2025 According to the report, these results can largely be attributed to advancements in fraud prevention technologies, with innovations like biometrics checks and artificial intelligence (AI)-backed automation significantly enhancing security and fraud detection.

APACS 91

APACS Verification Fraud Detection Money Laundering 91

The Payments Association

OCTOBER 28, 2024

It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. What’s next?

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Stax

APRIL 3, 2025

TL;DR An eCommerce payment solution allows online businesses to accept payments securely and efficiently. Key features to look for in an eCommerce payment solution include security and fraud protection, payment method variety, integration capabilities, chargeback protection and dispute resolution, and global payment support.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Fintech News

DECEMBER 4, 2024

AWS’ cloud solutions provide Grab with the necessary tools to optimise operational costs, enhance security, and improve efficiency, including the use of AWS Clean Rooms for secure and privacy-preserving data collaboration. ” said Suthen Thomas Paradatheth, CTO, Grab.

Fraud Detection 107

Fraud Detection Fraud Prevention AI Processors 107

The Payments Association

MARCH 19, 2025

Banks clinging to outdated systems risk security breaches, regulatory headaches, and lost market sharemodernisation isnt just an upgrade, its a survival strategy. Security & compliance risks: Meeting growing AML, fraud prevention, and regulatory demands is difficult with rigid, outdated infrastructure.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Fintech Finance

MAY 22, 2024

As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. In a bid to sell this data to other criminals, they place part of the 16-digit numbers on illegal websites.

Fraud Detection 97

Fraud Detection Visa AI Technology 97

EBizCharge

MARCH 18, 2025

For companies using Sage 100, understanding how to process credit cards securely is not just an option it’s a necessity. These gateways act as a bridge between your business and financial institutions to process customer transactions quickly and securely. What is Sage 100?

Credit Cards 52

Credit Cards Process Security Data Breach 52

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. The company also performs 3D Secure identification.

Acquirers 52

Acquirers Fraud Prevention Fraud Detection AI 52

The Payments Association

FEBRUARY 27, 2025

was founded with a mission to eliminate the financial and operational burdens caused by chargebacks and fraud. Traditional fraud prevention tools are slow, reactive, and often ineffective. We saw a need for a proactive, real-time solution that prevents disputes before they become chargebacks. Avoided.io Why avoided.io

Fraud Detection 88

Fraud Detection Fraud Prevention Disputes Near Real-Time 88

The Fintech Times

FEBRUARY 14, 2025

Dan Yerushalmi , CEO of AU10TIX “FaaS has elevated cybercrime, enabling a whole cohort of the population to join in on global fraud by launching large-scale attacks involving up to over 8,000 incidents,” explained Dan Yerushalmi , CEO of AU10TIX.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

The Payments Association

MARCH 25, 2025

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

The Payments Association

FEBRUARY 17, 2025

AI and machine learning: Strengthening security and financial access Artificial intelligence is transforming risk assessment and fraud prevention in the payment ecosystem. AI plays a crucial role in fraud detection and compliance, ensuring that financial inclusion does not come at the cost of security.

Innovation 88

Innovation Cross-Border Financial Inclusion Payment APIs and Integration 88

Clearly Payments

NOVEMBER 6, 2024

What is the Payment Processing Market The payment processing market is an ecosystem that enables the secure, efficient transfer of funds from customers to merchants for goods and services. They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile payment solutions to process payments.

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

Fintech Finance

MARCH 3, 2025

Antom , a leading unified merchant payment services provider under Ant International, has received Service Organization Control (SOC) 2 Type II certification, a globally recognised benchmark for data security and privacy protection. The audit firm will conduct annual reviews, and Antom will continue its recertification process.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Fintech Review

MARCH 31, 2025

By leveraging Feedzais AI-native, real-time fraud prevention and merchant monitoring platform, Highnote was able to swiftly bring its acquiring solution to market while meeting stringent regulatory requirements. We’re excited to drive secure, compliant expansion for Highnote and to set new benchmarks for payment security.”

Fraud Prevention 52

Fraud Prevention Acquirers AI Financial Crimes 52

The Fintech Times

MARCH 18, 2024

The fraud prevention industry is experiencing rapid growth in response to amplified regulatory pressure and increasingly sophisticated threats of online fraud. It has revolutionised convenience for consumers and created new business opportunities, but it has also opened a Pandora’s box of fraud risks.

Fraud Prevention 59

Fraud Prevention AI Fraud Detection Payments 59

Stax

JANUARY 21, 2025

To accept electronic payment methods fast and securely, you need a payment gateway. Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Every business model has unique transaction needs, security requirements, and customer expectations.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

The Fintech Times

MARCH 31, 2025

Additionally, it underscores opportunities for stakeholders within the European financial industry to align their priorities for financial crime prevention, collaborate across sectors and borders, and expedite innovation through advanced technology.

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64