The Payments Association

APRIL 7, 2025

Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered. The survey also highlights the growing investment in technologies such as AI and machine learning for fraud prevention, as well as the importance of industry collaboration and regulatory updates.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

PYMNTS

OCTOBER 16, 2020

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

Seon

SEPTEMBER 11, 2023

We know neobank risk teams must stay aware of evolving threats and take an active approach to closing those routes to fraud. This is why, in this article, we examine the five most common types of fraud in neobanking and how to protect against them – no matter how mature your approach to fraud prevention is.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

Stax

AUGUST 20, 2024

3D Secure is a fraud prevention solution with an added layer of security that helps protect buyers and merchants from fraudulent online transactions. This is what’s commonly known as two-factor authentication (2FA) or multi-factor authentication (MFA). One solution to counter this problem is 3D Secure Authentication.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

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.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

Stax

NOVEMBER 21, 2024

This is why it’s so important to go for a payment services provider (PSP) that offers robust credit card fraud prevention services to protect you from fraudulent chargebacks and help you better generate evidence to protect your business during chargeback disputes.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

PYMNTS

JUNE 8, 2020

MFA and APIs Make A Good Pair. API protection begins with ironclad user verification, such as MFA [multi-factor authentication] systems that require input from users besides their passwords, like codes sent to their phones via text messages or biometric inputs like fingerprints,” the June Tracker states. “API That’s changing now.

API 52

API B2B MFA Security 52

Seon

JANUARY 29, 2024

Account Takeover Fraud Detection While it can be challenging to catch ATO attempts, these attacks can be detected by monitoring for out-of-the-ordinary account behavior. Deploying end-to-end fraud prevention and detection software helps you keep track of user activity and helps you spot suspicious patterns.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

PYMNTS

OCTOBER 21, 2020

One of the most effective tools that apps can deploy against [P2P fraud] is MFA, which requires users to enter secondary validation measures — such as emailed security codes or biometric fingerprint scans — in addition to their passwords,” per the Playbook. “One Studies have found that using MFA can prevent more than 99.9

P2P 56

P2P Security MFA Financial Crimes 56

Stax

SEPTEMBER 17, 2024

This includes the use of unique IDs and strong passwords or multi-factor authentication (MFA) methods. Fraud prevention For both customers and merchants, fraud is a common concern. Fraud prevention is an integral part of our extensive security measures for cardholder data.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

Fi911

SEPTEMBER 27, 2023

The system substantially lowers an organization’s overall fraud risk by confirming that the rightful account owner is conducting the transaction. Boosting Multi-Factor Authentication Multi-factor authentication (MFA) already includes elements like passwords and mobile devices.

Security 52

Security Identity Theft Verification Authentication 52

PYMNTS

OCTOBER 1, 2019

The new regulations aim to reduce fraud by requiring merchants to use multifactor authenticatio n (MFA) solutions such as PINs and biometrics to approve online payments and transactions greater than €30 ($37 USD). Across the European Union, new strong customer authentication (SCA) requirements went into effect on Sept.

Romance Scams 62

Romance Scams Scams Federal Trade Commission FTC 62

Seon

JUNE 15, 2023

Thankfully, as BEC attacks are often a product of human error, many can be avoided with due diligence and training – both of which can be enhanced with the right fraud prevention tools. Use multi-factor authentication (MFA) to alert you immediately to an unrecognized sign-in attempt. What Is a Business Email Compromise Attack?

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

JULY 13, 2020

Many FIs are also adopting multi-factor authentication (MFA), which requires customers to confirm their identities in several ways, such as by entering login details and keying in a one-time code sent to their smartphones via text.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

Seon

SEPTEMBER 28, 2023

Password management : Using multi-factor authentication (MFA) and password managers. Anti-fraud measures : Dedicated approaches to combate fincrime, such as fraud prevention solutions like SEON. Digital hygiene : Regularly disposing of old computer files and exercising caution when posting on social media.

Security 52

Security Phishing Best Practices Data Breach 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. The first step in effective fraud prevention is to “scrub out the bad guys, right out of the gate,” Brown said.

Authentication 41

Authentication MFA Fraud Detection Security 41

EBizCharge

JULY 16, 2024

Advanced stages include multi-factor authentication (MFA) , encryption techniques, and continuous staff training. Informational bulletins: Provides timely updates on regulatory compliance issues, operating rule changes, or fraud prevention tool enhancements.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

SEPTEMBER 7, 2017

This fundamental shift in approaching and tackling the problem has established us as the clear market leader in the fraud prevention [and cybersecurity] space. For example, we see a trend toward employing more intelligence in multi-factor authentication (MFA), leading to conditions that reduce the number of triggers.

Same Day ACH 46

Same Day ACH Fraud Detection Innovation Fraud Prevention 46

Segpay

DECEMBER 19, 2024

These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment. Onfido focuses on document and biometric verification, leveraging AI for scalability, fraud detection, and seamless onboarding.

Verification 104

Verification Authentication MFA Compliance 104

The Payments Association

DECEMBER 10, 2024

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. By analysing large datasets, AI can quickly recognise unusual behaviours and detect fraud in real time, significantly reducing the risk of fraudulent transactions.

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88

EBizCharge

MARCH 21, 2025

This proactive fraud prevention helps businesses safeguard their financial assets and reduces the risk of financial misconduct. Accounting AI software uses encryption, multi-factor authentication (MFA), and anomaly detection to protect sensitive financial data.

AI 52

AI Accounts Fraud Detection Audit 52

EBizCharge

FEBRUARY 13, 2025

A reliable payment processing solution should include advanced security measures such as tokenization and encryption, which replace credit card data with a secure token to prevent exposure of sensitive information and safeguard payment data during transmission, making it nearly impossible for hackers to intercept or misuse it.

Processors 52

Processors Payment Gateways Duplicate Disputes 52