The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. Investment in consumer education, combined with continued innovation in fraud detection technologies, will be essential in mitigating these growing risks. Losses from romance scams amounted to £14.5

Scams 88

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

Fintech News

FEBRUARY 21, 2024

The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations. billion (SG$20.06

Crime 95

Crime Ransomware Scams Stablecoins 95

Neopay

MAY 28, 2024

The financial services sector is at the forefront of efforts to protect customers from fraud, including partnering with other sectors, government and law enforcement to prevent and disrupt this criminal activity and bring perpetrators to justice. Purchase scams account for 67 per cent of the total number of APP cases.

Scams 52

Scams Push-to-Card Romance Scams Crime 52

The Fintech Times

MAY 22, 2024

“The payments industry needs to continually innovate and invest in systems to help mitigate the threat of fraud. Purchase scams accounted for 67 per cent of the total number of APP cases. Romance scams However, this type of scam isn’t the only cause for concern.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

FICO

FEBRUARY 19, 2020

The ability to move money through multiple accounts quickly, makes it difficult for law enforcement to track criminal proceeds. It is not a new type of fraud, but the speed in which criminals can access the money they have scammed and the irrevocable nature of such payments makes it more attractive. by Doug Clare.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92