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Fraud Detection Fraud Prevention Verification 
Fi911
DECEMBER 18, 2024
But, did you know it can also be used to help stop card-not-present fraud? Geolocation & Fraud Prevention Geolocation helps prevent fraud by verifying the location of a user or device during transactions, especially in card-not-present scenarios.
Fintech News
FEBRUARY 18, 2024
But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Why Sumsub?
117 
CB Insights
JULY 9, 2021
Unit21 , a fraud prevention platform, has raised $34M in Series B. California-based Unit21 is a no-code fraud detection software with use cases across transaction monitoring, identity verification, case management, operations management, analytics, and reporting. Capital, and South Park Commons. Want the full post?
Fintech Finance
JUNE 5, 2024
Sumsub , a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey.
Fintech News
JUNE 5, 2024
Sumsub, a global verification platform, has announced its partnership with the Mastercard Engage Partner Programme. By joining the Engage Programme, Sumsub aims to streamline customer onboarding, reduce fraud risks, and foster trust, ultimately improving the digital experience for end-users.
107 
Fintech News
FEBRUARY 19, 2025
LexisNexis Risk Solutions, part of RELX, has completed its acquisition of IDVerse , an AI-driven identity verification and fraud detection provider. IDVerse, founded in Australia in 2018, specialises in document authentication and biometric identity verification. The terms of the deal were not disclosed.
72 
Fraud.net
MARCH 29, 2024
Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.
Fintech Finance
SEPTEMBER 17, 2024
ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.
95 
The Fintech Times
SEPTEMBER 19, 2024
Identity verification platform ID-Pal will have its AI-powered technology integrated into, B-Corp-certified issuer processing platform, CLOWD9 ‘s payment solutions portfolio. The partnership will see ID-Pal provide CLOWD9 with identity verification processes during the payment transaction ensuring users’ data is kept safe.
64 
The Payments Association
OCTOBER 23, 2024
By leveraging advanced screening tools and AI-driven insights, businesses can significantly reduce identity verification costs while minimizing customer friction—resulting in lower acquisition costs and higher satisfaction for legitimate users.
Fintech Finance
MAY 29, 2024
Form3 , the cloud-native account-to-account platform, today announces that Currencycloud , a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.
52 
Payments Source
JUNE 16, 2020
In response to fraudsters seeking to capitalize on the COVID-19 influenced surge in e-commerce, Ekata has launched a new global digital ID verification tool to combat cybercrime.
112 
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. The global market for fraud detection and prevention solutions is expected to reach over $50 billion this year.
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.
88 
The Payments Association
DECEMBER 11, 2024
Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Multifaceted approaches to fraud prevention Effective fraud prevention now requires a combination of technological and human intelligence, transcending traditional security models.
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.
Fintech News
APRIL 7, 2024
This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses. ” says Wells. . ” says Wells.
133 
Fraud.net
JUNE 27, 2024
Explore emerging fraud prevention trends in response to rising digital threats in finance and how these redefine the fight against AI fraud.
PYMNTS
MAY 22, 2020
Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. Understanding the Scope of Financial Crimes.
The Fintech Times
AUGUST 29, 2024
Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. With Secure ID, Cashfree Payments has consolidated all its verification offerings into a single suite, boosting operational efficiency.
69 
The Payments Association
OCTOBER 14, 2024
The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. It affects how victims of fraud are compensated and how payment service providers (PSPs) approach fraud prevention. Why is it important? What’s next? However, the decision has sparked debate.
88 
Clearly Payments
NOVEMBER 13, 2024
This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.
104 
Neopay
FEBRUARY 27, 2025
Deepfake fraud, however, is rapidly climbing the ranks, presenting a new and sophisticated challenge for fraud prevention systems. Injection Attacks: More advanced than presentation attacks, injection attacks involve embedding pre-recorded deepfake videos or malicious software into verification programs.
52 
Clearly Payments
SEPTEMBER 18, 2024
Building and Structuring a Chargeback Team To manage chargebacks effectively, you’ll want to create a team that includes poeple skilled in finance, customer service, and fraud prevention. Fraud Specialist: The Guardian The fraud specialist identifies fraudulent transactions to reduce chargebacks.
105 
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.
112 
The Payments Association
JANUARY 21, 2025
Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered fraud detection, and the continued digitalisation of payment platforms.
The Fintech Times
OCTOBER 21, 2024
iDenfy , a Lithuania-based identity verification and fraud prevention software provider, has launched a new ‘Bank Verification’ solution, designed to enhance the customer onboarding process. However, iDenfy’s research shows that cybercrime continues to escalate at an alarming rate.
52 
Seon
APRIL 11, 2024
For instance, if a user’s digital behavior seems suspicious but not overtly fraudulent, triggering dynamic friction (otherwise known as delayed customer friction) at strategic intersections adjustable to the level of user verification and security measures needed in real-time can optimize the balance between user convenience and prevention.
PYMNTS
NOVEMBER 6, 2019
Verification Relies on Existing Information . Identity verification is crucial for any financial product, but it is especially so for one involving loans, as botching authentication methods could lead Affirm to charge either a phantom or the wrong person, having its money vanish into the ether. “The Fraud Faces the Machine.
40 
The Fintech Times
FEBRUARY 14, 2025
User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.
78 
PYMNTS
NOVEMBER 30, 2018
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. The two companies recently collaborated to bring GIACT’s verification services to PNC clients.
FICO
FEBRUARY 16, 2022
FICO published our 2021 Digital Consumer Banking and Fraud Survey today that emphasizes consumer perspectives on customer experience and fraud prevention management. . consumers (72%) are confident in banks and consider their banks trustworthy, transaction security fair, and treatment of fraud victims acceptable.
52 
Fintech Finance
FEBRUARY 20, 2025
ID-Pal , a leading provider of AI-powered identity verification solutions, today announced its membership with The Payments Association , an influential community of industry leaders and innovators committed to shaping the future of payments.
52 
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.
Fi911
DECEMBER 3, 2024
One vital tool that should be in every merchant’s arsenal is the velocity check, also known as velocity control, a precise and dynamic fraud prevention measure. Velocity checks serve as an integral part of a comprehensive fraud prevention strategy.
52 
Nanonets
OCTOBER 9, 2024
Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention. What is bank statement verification?
52 
FICO
MARCH 26, 2018
But while a contact-free period makes sense from a customer experience point of view, a balance needs to be struck between this and fraud detection and prevention. Fraudsters, aware of contact-free policies, may exploit the contact-free period (after an initial verification) to make large purchases.
Fintech Finance
APRIL 4, 2024
iPiD , a leading payment validation solutions provider, today announced the publication of a pivotal whitepaper, “Verification of Payee: The Race to Compliance,” authored by CEO Damien Dugauquier. The paper is now available on the iPiD website at www.ipid.tech/verification-of-payee-the-race-to-compliance.
40 
The Fintech Times
AUGUST 17, 2024
Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.
59 
Payments Source
NOVEMBER 2, 2020
Refinitiv, a global risk intelligence firm, has agreed to buy Giact, a company founded by a brother-and-sister team in Allen, Texas in 2004 to enhance payment fraud protection and identity verification for banks and corporations.
118 
Finovate
AUGUST 14, 2024
Digital identity verification innovator Socure has unveiled its Selfie Reverification solution. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.
64 
Fintech Finance
FEBRUARY 29, 2024
Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.
Seon
SEPTEMBER 20, 2024
SEON recently brought together industry leaders from the online lending space to discuss the evolving landscape of fraud prevention and risk management. The Changing Face of Fraud In what many describe as an “unpredictable era,” lenders are collectively challenged to stay ahead of increasingly sophisticated fraudsters.
52 
Core
FEBRUARY 6, 2024
By implementing secure technologies, stringent verification processes, and advanced monitoring, government teams can foster a secure financial framework that benefits both citizens and municipalities alike. The digitization of public financial systems introduces new challenges for online payment fraud prevention.
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