Fintech News

MAY 20, 2024

The panel discussion will feature experts in IT security, accounting, finance, and cybersecurity, who will delve into real-life scenarios, cybersecurity trends, and offer career guidance for individuals interested in this burgeoning field.

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The Payments Association

OCTOBER 22, 2024

Moreover, many businesses lack the adequate technology to combat the growing sophistication of fraud tactics. In one recent case, a UK businessman and Revolut user lost £165,000 to fraud when scammers bypassed security measures and gained access to his Revolut business account, authorising hundreds of transactions in just an hour.

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Rules Fraud Prevention Caps Deepfake 88

Seon

SEPTEMBER 11, 2023

Neobanks should have strict anti-money laundering (AML) and general cyber-security controls in place to protect themselves and avoid penalties. How to Protect Your Neobank From Fraud Knowing the most common types of fraud in neobanking means you can take a targeted approach to block it.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Fraud orchestration can help solve this issue as it allows banks to build holistic fraud prevention defense systems and gain 360-degree views of their customers.

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Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

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Processors Payment Gateways Fraud Detection Encryption 52

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. The existing technical mechanisms, like MFA and biometrics, will not be able to prevent this type of fraud.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

EBizCharge

JULY 16, 2024

Ensuring compliance with NACHA requirements is crucial for financial institutions, as it guarantees the secure, efficient, and reliable handling of electronic payments. Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more.

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NACHA Nacha Rules ACH Network ACH 52

EBizCharge

MARCH 12, 2024

Here are nine common forms of online payment methods used today: Credit: Many online consumers prefer to use credit cards for their purchases due to their convenience and security. Email pay: With email pay, customers are sent secure payment links via email to make payments from anywhere and on any device.

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Credit Cards ACH Payment Gateways PCI DSS 52

Seon

JANUARY 29, 2024

In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud?

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

NOVEMBER 9, 2017

“I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. I’m a believer that Alexa’s always getting smarter, but I’d like to learn more about the API security model.”.

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Authentication MFA Fraud Detection Security 41

Nanonets

SEPTEMBER 25, 2024

Pattern recognition and fraud detection using ML Flagging duplicate files Machine Learning (ML) models analyze historical transaction data to detect fraud and recognize patterns in spending behavior. Data security and compliance Protecting sensitive financial data should be a priority.

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PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud.

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MFA Authentication Phishing Verification 49

PYMNTS

SEPTEMBER 7, 2017

MN: We are a pioneer in applying behavioral analytics in the fraud and security space. MN: As a security company, our main concern is how well our customers are protected against new financial [cybercrime] threats. This new dynamic requires different kinds of technology and products for monitoring and security purposes.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

The Payments Association

DECEMBER 10, 2024

The article explores the growing threat of AI-enabled fraud in the payments sector and how firms can combat it with advanced technologies. It highlights the urgent need for payments firms to address AI-driven fraud to protect financial security, maintain customer trust, and comply with regulations. Why is it important?

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AI Fraud Detection Deepfake Fraud Prevention 88

Segpay

DECEMBER 19, 2024

Identity as a Service, Key to Seamless Digital Transformation As the world continues to digitalize, the need for secure, and scalable identity management systems becomes critical. Benefits of Adopting IDaaS Solutions Enhanced Security One of the primary benefits of IDaaS is the enhanced security it provides.

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Verification Authentication MFA Compliance 104

The Payments Association

FEBRUARY 17, 2025

As AiTM fraud rises, businesses must adopt multi-layered security, biometric authentication, and user education to stay ahead of evolving threats. Fraud is evolving at lightning speed, and businesses are constantly threatened. AiTM attacks pose a significant risk to online banking and financial institutions.

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Phishing Multifactor Authentication Authentication Credential 88

EBizCharge

MARCH 21, 2025

Fraud detection and risk management Fraud detection and risk management are also significantly enhanced through AI-powered systems. Fraud detection: AI helps identify fraudulent activity by analyzing patterns and flagging suspicious transactions, enhancing risk management.

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AI Accounts Fraud Detection Audit 52

EBizCharge

FEBRUARY 13, 2025

NetSuite payment plugins enable businesses to integrate payments into this enterprise resource planning (ERP) software to provide secure and efficient transactions. NetSuite can work with multiple payment gateways and providers, ensuring flexibility and security in handling transactions. What is NetSuite payment processing?

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Processors Payment Gateways Duplicate Disputes 52