The Payments Association

JUNE 16, 2025

Prevention and policing, not just reimbursement, are essential for genuine progress." Rebecca Marriott Chief risk officer, Tide "APP fraud prevention requires shifting from remediation to prevention - detecting and stopping fraud early rather than remediating incidents after the fact.

Scams

Neopay

JANUARY 30, 2025

The National Economic Crime Plan (2023-2026) has identified money mules as a major enabler of fraud and other criminal activities. Alarmingly, FCA data indicates that while 194,084 money mules were offboarded by 25 firms between January 2022 and September 2023, only 37% were reported to the NFD.

Financial Crimes

Fintech Finance

FEBRUARY 24, 2025

Yunos platform also enhances the security and efficiency of transactions by connecting merchants to advanced fraud detection technology, alongside proprietary Smart Routing technology that optimizes transaction pathways to increase payment approval rates and boost revenue.

Fraud Detection

Finovate

JUNE 30, 2025

That agreement was terminated in 2022 due to regulatory hurdles and shifting market conditions. Financial terms of the deal were not disclosed, but Feedzai will use Demyst to unify its risk management solutions with external data orchestration to offer faster, smarter fraud detection.

FinTech

Trade Credit & Liquidity Management

MAY 27, 2025

As the global marketplace grows more interconnected and transactions shift online, businesses face an unprecedented wave of commercial fraud attempts, from sophisticated “bust-out” schemes to synthetic identity fraud that blends real and fabricated data.

Fraud Prevention

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

Fintech News

OCTOBER 22, 2024

Booming digital banking adoption fuels fraud Over the past couple of years, APAC has experienced a digital banking revolution fueled by technological advancements, supportive regulations, and evolving consumer expectations. reported their use only in “specific scenarios” or for certain types of fraud. About 55.3% About 55.3%

APACS

Fintech Finance

JUNE 5, 2024

According to Statista , payment fraud led to 1.59 USD billion-dollar losses in the US alone in 2022. As fraud continues to rise, there is an urgent need for reliable transaction monitoring and payment screening tools. “We are thrilled to be joining the Mastercard Engage Partner Program.

Fraud Prevention

FICO

DECEMBER 12, 2022

Network International & FICO Bring MEA Enterprise Fraud Detection. With FICO Falcon Fraud Manager, Network International uses AI and machine learning technology to score transactions across a rapidly expanding array of payment options. Mon, 12/12/2022 - 09:55. The Need for Enterprise-Level Fraud Detection.

Fraud Detection

Fintech Finance

NOVEMBER 20, 2024

This trust-based manipulation makes APP scams particularly challenging to detect as the transaction appears legitimate and bypasses traditional fraud detection systems and controls. is the only country in this year’s report with a year-over-year (YoY) decrease in APP fraud loss values from 2022-23 (5%).

Scams

Fintech News

APRIL 7, 2024

Their comprehensive discussion sheds light on the significance of advanced AI and fraud detection technologies, and the importance of collaborative efforts to mitigate these risks. In 2022 alone, they resulted in losses of £107 million for UK consumers, US$2.6 ” says Wells.

Deepfake

PYMNTS

JUNE 20, 2019

According to the latest Payments 2022 Playbook: Building A High-Performing Payments Team For Fraud Detection , a PYMNTS study in collaboration with Stripe, digital platforms continue to express discontent with their current fraud strategies, and false positives are compromising their brands, customer relationships, and bottom lines.

B2B

FICO

AUGUST 3, 2022

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. Synthetic Identities and Application Fraud. Innovative Customer Communications for Fraud.

Financial Crimes

Clearly Payments

OCTOBER 7, 2024

In the United States alone, the number of mobile wallet users grew from 64 million in 2019 to over 100 million by 2022. billion to fraud in 2021, a 70% increase compared to 2020. Global spending on fraud prevention solutions reached $10.4 billion in 2022, up from $7.5 billion in 2019.

Cross-Border

Finovate

JULY 23, 2024

A partnership between Featurespace and OrboGraph will help banks and other financial services companies defend themselves against check fraud. as of 2022 (compared to 17% for cash and more than 31% for credit and charge cards). “Fraud is the single largest crime in the U.K. is one that the world has been watching.

Checks

FICO

JANUARY 10, 2023

Top 5 Fraud Posts for 2022: Scams, Contactless and Money Mules. In a year that saw the word "scamdemic" coined, scams such as authorised push payment fraud were top of mind, along with various other fraud schemes. Few things change faster in the financial services space than fraud trends. FICO Admin.

Scams

FICO

MAY 31, 2022

“When the pandemic arrived, FICO Falcon Fraud Manager helped us to continue monitoring transactions and provided our issuers with first-class security, despite changing customer behavior and uncertain times,” said Lori Grandin, fraud prevention head at Elo. “We How FICO Can Help Improve Your Fraud Detection.

Payment Networks

The Fintech Times

AUGUST 13, 2024

Em Conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022. Identifying fraud in the age of artificial intelligence (AI) is much harder than it ever has been before. How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

AI

Seon

MAY 31, 2024

The advancements in AI, ML and automation transform fraud detection and protection by augmenting human capabilities with algorithmic precision and scalability. Such instances erode trust and undermine the perceived reliability of a company’s fraud detection systems.

Fraud Prevention

Clearly Payments

DECEMBER 2, 2024

Fraud in online payments was estimated at $41 billion in 2022 , making secure systems a priority. Look for features like fraud detection , multi-currency support , and a smooth user interface. Invest in Fraud Prevention Tools: Use payment systems with built-in fraud detection, tokenization, and encryption.

Credit Cards

FICO

APRIL 5, 2022

Itaú Unibanco, the largest private sector financial institution in Latin America, has migrated its fraud management and customer communication to the cloud, helping it to avoid over USD$20M a month in fraud losses. For its achievements, Itaú Unibanco won a 2022 FICO® Decisions Award for cloud deployment. by Nikhil Behl.

Fraud Detection

PYMNTS

JULY 10, 2019

The pressure to ship faster means some traditional fraud detection checks, like manual review, have fallen by the wayside. This is a much bigger issue for digital platforms than brick-and-mortar businesses, since fraud liability lies with the seller in “card-not-present” transactions. Over three-fourths (79.6 More than half (53.1

Fraud Detection

The Fintech Times

APRIL 23, 2024

Drawing insights from millions of transactions processed across 249 countries, this solution, along with the company’s IDV (Identity Verification) Suite, have proven to protect organisations against even the most sophisticated identity fraud schemes. This decreased to seven per cent and 11 per cent in 2022 and 2023, respectively.

Transactions

Nanonets

MAY 31, 2023

Seon reports that 22% of adults in the US were victims of this type of fraud in 2022, with average losses of around $12,000 per case. Vendor Fraud: Employees collude with external vendors to create fake invoices or overstate charges, leading to improper payments. Vendor fraud caused a total loss of $10.24

Fraud Detection

FICO

NOVEMBER 16, 2022

Wed, 11/16/2022 - 20:10. In August 2022, we commissioned a survey of 156 global executives and managers from retail banks and retail financial institutions. We asked about priorities, plans and requirements for enterprise fraud prevention and detection solutions , and the results are fascinating. by Andrew Manuel.

Fraud Prevention

FICO

DECEMBER 15, 2022

Wed, 05/25/2022 - 03:43. Mon, 12/19/2022 - 11:30. As scams grow worldwide – scams grew by 30% in two years in the UK and by 18% from 2020 to 2021 in the US – financial services institutions are looking for new tools to detect and stop them. transaction review rate than the Falcon Retail Banking fraud score. Saxon Shirley.

Scams

FICO

NOVEMBER 30, 2022

Artificial intelligence and machine learning models can help banks stop scams, prevent losses to fraudsters and improve customer experience. Wed, 11/30/2022 - 16:30. Authorized Payment Fraud – A Global Concern. APP fraud has been on the rise around the world. Explore all our fraud prevention and detection offerings. .

Scams

Clearly Payments

FEBRUARY 14, 2024

billion cards in circulation in the US in 2022, they play a significant role. Yet, they grapple with issues such as fraud prevention and competition from innovative fintech startups. With over 7.2 They may offer lower rates or discounts to attract merchants, especially high-volume businesses.

Value Added Service

Fintech News

MARCH 26, 2024

These included bringing in revenue no less than US$100,000 in 2019 (or the currency value equivalent as of 2019); earning revenues of no less than US$1 million in 2022 (or the currency value equivalent as of 2022); revenue growth from 2019 to 2022 also needs to be predominantly organic (i.e., “internally” generated).

FinTech

PYMNTS

OCTOBER 29, 2018

Since FIs are unfamiliar with these emerging transaction activities, it becomes challenging for them to adjust their cyberattack detection and prevention strategies. Consumers have already latched on to open banking offerings and applications, using such tools more than 1.2 The market is projected to be worth more than £7 billion ($8.98

Security

Accertify

JANUARY 16, 2024

Technology Leader in Fraud Prevention to Become Independent Entity Post-Closing MENLO PARK, Calif. Accertify is a leading provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. billion in 2022 and is projected to grow from $44.0 and ITASCA, Ill.,

Acquirers

Clearly Payments

OCTOBER 25, 2024

High-risk businesses represent a significant portion of the economy; for instance, the global online gambling market, a high-risk industry, was valued at over $66 billion in 2022, and it’s only growing. payments every two weeks instead of daily), and mandatory fraud detection systems.

Risk

Seon

APRIL 18, 2024

billion in 2022 , facing a formidable opponent in the financial sector: authorized push payment (APP) fraud. And since fraud victims unwittingly initiate the transactions themselves, traditional fraud prevention measures aren’t designed to intercept self-authorized transactions, rendering a significant gap in current defenses.

Authorization

FICO

NOVEMBER 8, 2022

Fraud protection is now firmly on the radar for consumers and has risen substantially as a deciding factor - it could even be a competitive advantage for banks. Tue, 11/08/2022 - 12:20. FICO’s survey of 4,000 people in four EMEA countries shows that fraud protection is front of mind for banks’ customers. by Matt Cox. Conclusion.

Scams

PYMNTS

JULY 30, 2020

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. FIs that fail to prepare now are facing a potential perfect storm of 2020 credit defaults, new account fraud and ATOs. Check it out. These attacks cost FIs $10.2

Law Enforcement

FICO

NOVEMBER 1, 2022

Application Fraud – Does Canada Need a New Approach? FICO’s Fraud, Identity and Digital Banking Survey 2022 shows that customers in Canada want slick onboarding processes, where fraud controls work but don’t delay account opening. Tue, 11/01/2022 - 10:40. Fraud Controls Are Important to Canadian Customers.

Checks

FICO

JUNE 15, 2023

Now, I can practically send, transfer, or pay by accident by simply looking at my smartphone, which can make fraud prevention a real challenge. raced by a milestone when the Fed raised interest rates for the tenth straight time since March 2022 in an ongoing race against inflation. Consumer spending also increased 1.8%

Scams