The Payments Association

DECEMBER 10, 2024

As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven fraud detection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

The Payments Association

FEBRUARY 27, 2025

Key insights from our enterprise report Global expansion and market reach Nearly 50% of Flutterwave businesses received payments from new geographic locations, a 12% increase from 2023. The company improved card velocity by five times, boosting fraud detection capabilities and saving hundreds of thousands in card processing fees.

Innovation 88

Innovation Cross-Border Payment APIs and Integration Alternative Payment Methods 88

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.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Finextra

JUNE 30, 2025

Key statistics include: Leading Countries (Enterprise AI) According to IBM’s 2023 Global AI Index, India has the highest level of AI usage among enterprises. In a late 2023 Salesforce survey of general populations in major countries, India had the highest generative AI usage—73% of surveyed Indians said they use generative AI in some form.

AI 69

AI Finance Fraud Detection Use Case 69

The Payments Association

FEBRUARY 10, 2025

Economic Crime and Corporate Transparency Act examined: A guide to avoiding the failure-to-prevent fraud offence February 6 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? Businesses can be held liable if fraud is committed for their benefit by employees, agents, or other associates. Who Is Affected?

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Fintech Times

FEBRUARY 14, 2025

As a result, a full 30 per cent of identity fraud attacks targeted social media in Q4, compared to a mere three per cent in Q1. Enhanced selfie and fraud detection tools are necessary to protect social media engagement, ensure account authenticity, and prevent the risks posed by fake accounts.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

The Payments Association

APRIL 22, 2025

Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important?

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

Stax

MARCH 18, 2025

On top of that, 69% of Americans online in 2023 said they used digital payment methods to make a purchase. Measures such as encryption, tokenization, and fraud detection are vital for protecting payment transactions from cyber threats, fraud, and data breaches. billion transactions and $9.76 trillion in value.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

The Payments Association

JUNE 11, 2025

Early-stage platforms can personally vet each merchant through direct relationships, but this approach collapses beyond a certain scale, exposing consistent weaknesses that are exploited by increasingly professionalised fraud networks This scaling challenge has opened the door to increasingly sophisticated attacks. CAGR from 2025 to 2030.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

The Fintech Times

MARCH 31, 2025

As cross-border transactions grow in Europe, the cloud-based financial crime management technology solutions provider, Nasdaq Verafin has revealed that these payment channels are opening up more passageways for fraud to take place, as $194.9billion was moved across borders in 2023; more than a quarter of the total fraud figure in 2023 ($750billion).

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

The Payments Association

MAY 21, 2025

Organised crime groups target FIs and their customers, adapting attack methods across payment channels to bypass fraud detection systems, with authorised push payment fraud (APPF), account takeover (ATO) fraud, and AI-enabled deep fake scams. Static and inflexible fraud prevention solutions are no longer sufficient.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 88

Clearly Payments

DECEMBER 19, 2024

trillion in 2023. Common types include card-not-present fraud, phishing attacks, and identity theft. Look for features like tokenization, PCI compliance, and AI-powered fraud detection to protect your business and customers. Global Digital Payment Volume Passes $10 Trillion in a Year!

BNPL 105

BNPL Contactless Payments Processors Payments 105

Neopay

JANUARY 30, 2025

Understanding money muling Money muling is a financial crime in which individuals, knowingly or unknowingly, move the proceeds of fraud through their accounts on behalf of criminals. The National Economic Crime Plan (2023-2026) has identified money mules as a major enabler of fraud and other criminal activities.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

The Fintech Times

FEBRUARY 19, 2025

“For instance, if you take Robotic Process Automation (RPA) and machine learning algorithms, these enable enhanced data analysis and improved fraud detection capabilities, but over-reliance on these systems without proper risk controls and human oversight will create systemic vulnerabilities by design.

AI 64

AI Monetary Loss Risk Automation 64

Tearsheet

FEBRUARY 20, 2025

In recent years, hes championed its integration across JPM, turning it into an integral tool for cost-cutting, fraud detection, transaction monitoring, and even upskilling employees to navigate the banks increasingly tech-driven landscape. Take, for example, the AI-driven payment screening tool the bank launched in 2023.

Payment APIs and Integration 64

Payment APIs and Integration FinTech Embedded Finance Payments 64

Fintech News

APRIL 24, 2025

billion analytics and fraud detection Acko Insurance 1.07 In December 2023, InCred Finance became a unicorn after raising $60 million in a Series D funding round, giving it a valuation of $1.04 billion Perfios, a fintech SaaS company, focuses on real-time credit decisioning, analytics, and fraud detection.

FinTech 138

FinTech Online and Mobile Banking Payment APIs and Integration Push-to-Card 138

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. As financial crimes grow in complexity and sophistication, payment firms find themselves at the forefront of the battle to safeguard their operations and consumer trust.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

The Payments Association

MARCH 18, 2025

The growth of open finance Open finance, valued at approximately $25 billion in 2023 , is accelerating the convergence of payments, credit, and wealth management, creating deeply integrated financial ecosystems that deliver embedded, real-time services. Fraud detection and risk management are also evolving. reached $1.1

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JULY 21, 2025

In fact, across EMEA, card fraud losses increased from around €1.493billion in 2021 to €1.578billion in 2024. Fraud problems in the UK In 2024, UK Finance reported £572.6million in total card fraud losses, a 3.9 per cent increase from £551.3million in 2023.

Regulations 49

Regulations Scams Fraud Detection Risk Assessment 49

Stax

APRIL 8, 2025

Merchants paid a record $172 billion in payment processing fees in 2023. Latest Changes That Can Affect Processing Fees Of the $172 billion that merchants paid in processing fees in 2023, $170 billion accounted for interchange and assessment fees alone. Not only is this model difficult to understand but also lacks transparency.

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88

The Fintech Times

NOVEMBER 21, 2024

Throughout 2023, albo achieved remarkable growth, driven by increased customer acquisition and transaction volumes, while maintaining healthy unit economics. Furthermore, this is enhanced by additional fraud detection measures. We are proud to support albo’s journey in transforming financial services for millions of Mexicans.”

Business Payments 59

Business Payments Payroll Fraud Detection Payments 59

Fintech News

JANUARY 13, 2025

A Stripe-Milltown Partners survey of 2023 revealed that 89% of top finance execs in Singapore spent over half of their time on manual back-office tasks, significantly higher than their peers in Japan (75%) and Australia (75%). Fraud detection is yet another area where AI can be a true ally.

AI 124

AI Finance Automation SWIFT 124

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. To navigate diverse vIBAN regulations, PSPs should establish a global compliance framework adaptable to local laws.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

JULY 15, 2025

Machine learning and artificial intelligence ranked as the second highest priority at 53%, demonstrating strong industry commitment to leveraging advanced analytics for fraud detection and prevention. Blockchain and distributed ledger technology showed moderate readiness levels, with 40% achieving advanced or full preparation.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Deepfake 88

The Payments Association

DECEMBER 2, 2024

Consumer Duty While the Consumer Duty was initially put into place in 2023, an extended deadline of July 31 was set for closed products and services. PSPs were required to enhance their fraud detection and prevention systems to mitigate potential losses.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

Finextra

JULY 21, 2025

Cloud-native services enable advanced capabilities—real-time fraud detection, predictive analytics, and automated compliance monitoring—that would require significant investment to develop internally on legacy infrastructure. Harnessing our collective wisdom to make banking better.

Payment APIs and Integration 52

Payment APIs and Integration Regulatory Compliance Audit Compliance 52

Bank Automation

FEBRUARY 5, 2025

Loan origination systems MeridianLink and Sync1 Systems selected AI-driven lending technology provider Zest AI to integrate its fraud detection tool Zest Protect last week.

AI 59

AI Transactions Credit Union Fraud Detection 59

Finextra

JULY 14, 2025

In fiscal year 2023, approximately 96.45% of Treasury disbursements were made via electronic funds transfer, or EFT, compared to just 3.55% by paper check. This transition has resulted in significant cost savings—paper checks cost four times more per payment—and a reduction in fraud, as checks are 16 times more likely to encounter problems.

ACH 52

ACH Checks Tax Refunds Risk 52

Finextra

JUNE 18, 2025

If issuers or merchants are concerned that fraud prevention will add friction that negatively affects transaction success, they are using the wrong fraud prevention authentication tools. With robust authentication and clear transaction context, it becomes possible to dramatically reduce fraud and increase transaction success rates.

Issuers 52

Issuers Disputes Fraud Prevention Authentication 52

The Payments Association

JUNE 16, 2025

While this is a clear improvement in redress efficiency, some institutions have expressed concern that the emphasis on speed may come at the expense of fraud detection rigour, particularly in borderline or high-value claims. However, UK Finance’s ‘Annual Fraud Report 2025 ‘ paints a more complex picture.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

The Payments Association

JULY 18, 2025

Large organisations will face criminal liability if they fail to implement “reasonable procedures” to prevent fraud committed by employees, agents, subsidiaries or other associated persons where the intent was to benefit the organisation or its clients. For payments firms, the Duty remains a defining regulatory focus heading into 2026.

Regulations 88

Regulations Payments Payment APIs and Integration Legal 88

Stax

DECEMBER 9, 2024

Strengthen Fraud Prevention Measures Implement robust fraud detection and prevention systems to minimize the occurrence of fraudulent transactions. Use address verification, CVV checks, and fraud scoring models to identify potentially fraudulent orders.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Finextra

JUNE 26, 2025

Fraud has long imposed a heavy burden on businesses, costing an estimated $485.6 billion globally in 2023 (Nasdaq, 2024). “Instnt combines AI-based fraud detection technology with financial risk transfer, in case the AI fails to recognize fraud events.

Fraud Detection 52

Fraud Detection Verification AI Authorization 52

M2P Fintech

MARCH 24, 2025

from 2023 to 2032. Enhanced fraud detection ensures security, while alternative data expands accessibility, especially for those with limited credit history. With the market projected to soar to $ 71.8 billion by 2032, this dynamic sector is poised to expand at an impressive compound annual growth rate (CAGR) of 19.4%

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

Finovate

DECEMBER 11, 2024

Banks are rethinking their regtech strategies, while new regtechs are leveraging tools such as large language models and GenAI to meet demand for automated compliance tools and fraud detection solutions.

FinTech 59

FinTech Stablecoins BNPL Cross-Border 59

Fintech Finance

JULY 2, 2025

By the Numbers: Check fraud accounted for about 32% of all fraud losses in 2024, according to Federal Reserve data. According to a FinCEN study examining reports from February to August 2023, mail theft alone resulted in $688 million in losses. Many of these checks are acquired through mail theft.

Treasury 52

Treasury Checks SWIFT Treasury Checks 52

Finovate

JANUARY 14, 2025

Headquartered in North Carolina, Apiture most recently demoed its technology at FinovateFall 2023. “With Apiture as our partner, we will elevate their digital banking experience through capabilities like peer-to-peer payments, real-time fraud detection, robust business entitlements, and Positive Pay.

Online and Mobile Banking 52

Online and Mobile Banking Credit Union Fraud Detection Mobile Banking 52