The Payments Association

JULY 15, 2025

Card-not-present fraud matched this figure, reflecting the ongoing challenges of securing remote transactions in an increasingly digital payments landscape. AI-enabled fraud, whilst ranking fifth at 9%, represents an emerging threat that mirrors concerns identified in the broader challenges question.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Deepfake 88

Fintech Finance

MARCH 3, 2025

Built-in fraud protection prevents e-wallet account takeover risks. Antom Shield: Advanced AI for risk mitigation and fraud prevention Antom Shield is an intelligent risk solution that strengthens fraud detection while helping merchants boost order conversion rates and drive growth.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

Finextra

JULY 14, 2025

This concentrated influx of refunds also increases exposure to fraud, as bad actors are likely to exploit the surge through synthetic identities, mule accounts, and account takeovers designed to claim refunds fraudulently.

ACH 52

ACH Checks Tax Refunds Risk 52

M2P Fintech

MARCH 24, 2025

Enhanced fraud detection ensures security, while alternative data expands accessibility, especially for those with limited credit history. Expect hyper-personalized products with dynamic rates, powered by real-time, AI-driven decisions. “One-click” loans become reality through instant credit assessments.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

The Payments Association

AUGUST 7, 2024

Entersekt was recognised as a Leading Vendor, and highest rated Authentication-Focused Vendor, in the July 2024 Liminal Link Index for Account Takeover (ATO) Prevention in Banking report. Read more

Account Takeovers 88

Account Takeovers Accounts Fraud Detection Authentication 88

Bank Automation

NOVEMBER 21, 2023

Anti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud becomes more pervasive.

Account Takeovers 75

Account Takeovers Accounts Money Laundering Financial Crimes 75

Fraud.net

JULY 29, 2024

Learn how Fraud.net's award-winning platform helped a BNPL payment processor reduce account takeovers, first payment defaults, and fraud.

Account Takeovers 59

Account Takeovers Accounts BNPL Processors 59

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?

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Fraud Detection 52

FICO

MARCH 22, 2022

Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. The fraudster takes steps to actively control the account, for example by applying for a new card or changing the account contact information or password. What Do Fraudsters Do with Accounts They Have Taken Over?

Account Takeovers 52

Account Takeovers Accounts Authentication Data Breach 52

Fraud.net

DECEMBER 1, 2023

Modern account takeover protection requires implementing machine learning, geolocation, and anomaly detection to spot and prevent ATO fraud.

Account Takeovers 52

Account Takeovers Best Practices Accounts Fraud Detection 52

The Payments Association

NOVEMBER 20, 2024

Why are AI tools especially effective at fighting fraud? The technology is gaining traction because these tools excel at fraud detection in several ways. First, AI tools have much higher throughput than manual or non-software-based detection methods. For example, say you have an AI fraud solution configured to parse text.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

PYMNTS

MAY 28, 2020

Digital-fraud-protection company Kount said Thursday (May 28) that Mercator Advisory Group has named it the best eCommerce Fraud Detection Solution from among more than 40 products ranked.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

Fi911

JULY 8, 2024

Furthermore, the growing sophistication of fraud techniques, including synthetic identity fraud and account takeovers, exacerbates the challenge. This makes it imperative for businesses to stay ahead with robust fraud detection and prevention strategies.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

Fraud.net

MARCH 29, 2024

Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.

Fraud Detection 52

Fraud Detection Fraud Prevention Identity Theft Account Takeovers 52

The Fintech Times

JUNE 1, 2024

To find out how efforts of pitting AI against AI are taking shape, and how this could evolve in the future, we take a look at some of the latest anti-fraud approaches utilising AI. Kate Frankish, chief business development officer and anti-fraud lead at Pay.UK This would equate to over £112million worth of fraud detected annually.

SWIFT 124

SWIFT AI Fraud Detection Fraud Prevention 124

PYMNTS

MAY 7, 2018

That doesn’t mean that fraud linked to ACH transactions is nonexistent, however. In corporate payments, while fraud is typically linked to wire and checks , the rise in Business Email Compromise (BEC) and account takeovers means ACH fraud is a growing threat, same-day or not.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

Fi911

JANUARY 18, 2024

They can then open new accounts, apply for loans, or make unauthorized purchases in that person’s name, leaving the victim to deal with the financial and emotional consequences. To combat third-party fraud effectively, banks should take several proactive measures to protect both their customers and their own financial systems.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

PYMNTS

JULY 9, 2020

Banks have been facing a concerning rise in account takeover (ATO) attacks targeting their customers, with financial institutions (FIs) losses due to such schemes rising 72 percent from 2018 to 2019. The July FI Fraud Decisioning Playbook examines how FIs are working to better detect and defend against ATOs.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

PYMNTS

JULY 2, 2020

But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation. He added that fraudsters have been showing up across the board in terms of fraud types attempted.

Transactions 112

Transactions Account Takeovers Push-to-Card Fraud Prevention 112

PYMNTS

SEPTEMBER 24, 2019

One of the biggest problems, Blanco said, is account takeover. . Account takeover, which involves the targeting of financial institution customer accounts to gain unauthorized access to funds, is an extremely common cybercrime affecting U.S. financial institutions,” he said.

Fincen 71

Fincen Account Takeovers Identity Theft Financial Crimes 71

PYMNTS

MAY 5, 2020

The good news, Pangretic added, is that consumers and businesses are getting better at detecting fraudsters trying to ply their trade across mobile and online transactions. This can really create a proactive communications strategy to significantly decrease the incidence of successful fraud attempts,” said Pangretic.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

FICO

FEBRUARY 19, 2020

Real-time payments are used in this way not only to launder the proceeds of the authorized push payment frauds previously mentioned, but also to launder money from some of the most serious crimes such as people trafficking, terrorism and the drugs trade. Account Takeover Fraud. by Doug Clare.

Real Time Payments 92

Real Time Payments Financial Crimes Crime Account Takeovers 92

FICO

JANUARY 7, 2019

The tremendous interest in AI and machine learning drove the readership on the Fraud & Security blog in 2018. 5 Keys to Using AI and Machine Learning in Fraud Detection. Author TJ Horan, FICO vice president for fraud solutions, wrote a five-part series on the keys to using AI and machine learning in fraud detection.

Posting 74

Posting AI Fraud Detection Security 74

The Payments Association

DECEMBER 11, 2024

Machine learning enhances this approach by processing vast datasets to identify subtle patterns and predict fraudulent activities, making real-time anomaly detection and risk assessment possible.

Fraud Prevention 88

Fraud Prevention Risk Assessment Account Takeovers Payments 88

Fintech Finance

OCTOBER 21, 2024

Our solutions can accurately detect suspicious transactions without disrupting customer service,” added Tat Wee Koh, NetGuardians’ APAC Sales Director. PalawanPay and other financial institutions are taking these threats seriously.

Fraud Prevention 98

Fraud Prevention Account Takeovers APACS Scams 98

PYMNTS

AUGUST 21, 2020

Hacking, cybercrime and various forms of digital fraud are a never-ending worry for digital-first banks, with fraudsters leveraging techniques as diverse as phishing schemes, identity theft, account takeovers and botnets to target both banks themselves and their customers. About The Tracker.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Neopay

FEBRUARY 27, 2025

Three years ago, deepfake fraud barely registered as a concern today, it is the most common type of digital identity fraud. Deepfake fraud, however, is rapidly climbing the ranks, presenting a new and sophisticated challenge for fraud prevention systems. The Lag in Fraud Detection: Are You Prepared?

Deepfake 52

Deepfake Fraud Detection Account Takeovers Fraud Prevention 52

PYMNTS

FEBRUARY 26, 2020

This also means fraud runs relatively unchecked among quick-service restaurants (QSRs), with total fraud losses on an average order of $15 reaching as high as $36.25. Many AI-based fraud detection solutions also leverage machine learning (ML), which allows the system to learn on its own. Selecting the Target.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

The Fintech Times

AUGUST 17, 2024

“In today’s highly competitive and digital-first world, the use of behavioural analytics is now vital for innovating for the future of fighting fraud.” Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability.

Risk 59

Risk Bots Fraud Detection Identity Theft 59

Finovate

AUGUST 14, 2024

Use cases for Selfie Reverification include preventing account takeover, securing high-risk transactions, streamlining account recovery and re-verification/re-validation, and more. “Our goal is to help our customers manage security while providing the best experiences for their account holders.”

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. For example, Palo Alto-based Simility received $17.5

Fraud Prevention 43

Fraud Prevention Fraud Detection Account Takeovers Data Breach 43

FICO

NOVEMBER 30, 2017

How do we keep our fraud controls relevant, agile, and modern to accommodate new products, new channels, increased digitization and more faceless interactions? Lastly, step 3 requires thinking big across the risk and the fraud continuum. How do we facilitate growth of the business and new customer acquisition?

Risk 82

Risk Fraud Detection Assessments Origination 82

PYMNTS

FEBRUARY 10, 2017

The bigger and more widespread cyber threat, as opposed to shimmers, may actually be the ability for cybercriminals to use or sell stolen data for fraudulent online purchases that are typically made in groups of small purchases as to go undetected by fraud detection systems. has fallen significantly behind the curve.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards FFIEC 56

Fintech Finance

AUGUST 2, 2024

ComplyTek introduces an advanced transaction screening solution for instant payments , designed to ensure compliance and mitigate fraud within the critical 10-second processing window. Leveraging machine learning and AI, the platform offers comprehensive monitoring and fraud detection capabilities.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

Payments Source

NOVEMBER 19, 2017

Widespread data breaches have sparked a rise in account-takeover fraud using stolen consumer credentials, prompting merchants to crack down on suspicious purchases. But too many legitimate customers are getting caught in the process.

Account Takeovers 61

Account Takeovers Data Breach Credential Breach 61

PYMNTS

JUNE 13, 2019

If it seems like cases of fraud and hacking are always in the news, that’s because new incidents pop up practically every day. One of the latest involves hackers successfully accomplishing account takeovers (ATOs) of users of Zelle, the digital payment service. acquire personal data via account takeovers.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

PYMNTS

APRIL 24, 2020

Incidences of account takeover (ATO) were up 347 percent and shipping fraud skyrocketed 391 percent, respectively, from 2018 to 2019, before anyone except virologists had ever heard of COVID-19. Fraud experts are seeing renewed vigor among online crooks as COVID-19 confusion roils markets flooded with bailout dollars.

Account Takeovers 58

Account Takeovers Fraud Detection IRS AI 58