The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Account takeover scams saw a dramatic increase of 250 per cent last year. Identity fraud rates reached 2.1

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

Fintech Finance

DECEMBER 9, 2024

Cross-border transactions of global payment partners together (excluding Alipay) via Alipay+ registered three times year-on-year increase in 2024, where Alipay maintains the leadership. Among the global merchants accepting QR code payments via Alipay+, over 90% are SMEs, reflecting Ant Internationals focus on inclusive digital transformation.

Embedded Finance 98

Embedded Finance Cross-Border Cross-Border Settlement Finance 98

Fintech Review

APRIL 20, 2025

In todays financial ecosystem, technology drives nearly every transaction. The risks range from phishing and account takeovers to ransomware and insider threats. From day one, they can build trust by offering secure onboarding, encrypted communication, and transaction monitoring.

Finance 59

Finance Security Fraud Detection Encryption 59

Fintech News

JUNE 17, 2025

This allows companies to detect threats such as bot activity, account takeovers, and multi-accounting without relying on personal data or interrupting user experiences. The company also noted that the tool helps reduce false positives while improving fraud detection from sign-up through transactions and account changes.

Fraud Prevention 74

Fraud Prevention Monetary Loss Account Takeovers Fraud Detection 74

Finextra

JULY 13, 2025

Key Facts & Statistics Transaction volume : In 2024, stablecoin volume hit $27.6 Traditional remittance corridors in these regions often involve complex layers of intermediaries, pushing average transaction costs to 6–8%, especially in rural or unbanked areas. in Sri Lanka or Myanmar). in Feb 2024 to $4.1T

Stablecoins 98

Stablecoins Cross-Border Volume Wire Transfer 98

Fi911

DECEMBER 3, 2024

Their primary function is to monitor the rate at which transactions are initiated by buyers, enabling the swift identification and interception of potential fraudulent activity. The function of velocity checks extends to monitoring the frequency and speed of cardholder transactions, logins, and account modifications.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

Fi911

JUNE 9, 2025

Financial institutions handle high-value transactions daily, maintain extensive vendor networks, and operate under tight deadlines; all conditions that BEC attackers exploit ruthlessly. These attacks often coincide with travel schedules or major transactions when verification becomes difficult.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

The Fintech Times

JULY 10, 2025

That enables a card-present transaction online – something that has never been done till now. It gives the merchant the same liability protection as an in-store transaction because there’s significantly less chance of fraud. Our transaction had to look exactly like it came from a standard in-store terminal. Now we’re live.

Online and Mobile Banking 59

Online and Mobile Banking CHIPS Laws Account Takeovers 59

Fintech Finance

FEBRUARY 4, 2025

Over this period, Ravelin has established itself as a market leader in identifying payment fraud, account takeover, return & refund abuse, promotion & voucher abuse and marketplace fraud, and performing 3D Secure authentication. The transaction is expected to close in Q1 2025.

Fraud Prevention 69

Fraud Prevention AI Acquirers Account Takeovers 69

The Payments Association

JUNE 11, 2025

The industry needs systems that scale seamlessly with transaction volume while minimising friction for legitimate customers. It's crucial to focus on prevention before transactions and address friendly fraud abuse through streamlined, single-platform solutions that transform fraud prevention into a growth enabler."

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Finextra

JUNE 26, 2025

The sheer volume and speed of online transactions make them an attractive target for malicious actors, who constantly evolve their deceptive tactics. The inherent nature of online transactions, particularly the absence of a physical card, introduces higher fraud risks compared to traditional card-present scenarios. share in the UK.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

The Payments Association

MAY 21, 2025

Real-time payment channels and transactions facilitate seamless economic activity and enhanced customer experiences, but also bring real-time threats. They are tailored to each FIs transaction environment and risk appetite for optimised risk scoring. DAMs are highly flexible and configurable to meet the ever-evolving fraud landscape.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 88

The Payments Association

JULY 15, 2025

Any fraud prevention tools companies utilise should focus on precision, speed, data, and seamless integration across the entire transaction lifecycle.” The significant gap between fraud concerns and AML compliance suggests that immediate transactional threats are perceived as more urgent than regulatory adherence.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Deepfake 88

Fintech Finance

MARCH 3, 2025

By harnessing technology, we are not only simplifying transactions but also fostering a more inclusive commerce ecosystem, said Gary Liu, General Manager of Antom, Ant International. Multi-Party Computation (MPC)-based AI risk management and mobile device security system ensure every transaction is secure.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Disputes 52

Finextra

JULY 14, 2025

ACH transactions will surge over a few weeks, placing stress on operations teams and core banking systems that may not be prepared for such a rapid increase. One major concern is the volume spike itself.

ACH 52

ACH Checks Tax Refunds Risk 52

The Fintech Times

DECEMBER 6, 2024

Thirty per cent also said they experienced account takeover attempts, where unauthorised parties tried to gain access to their online business accounts. Cyberattacks didn’t stop there. Richard Wivell , marketing manager at Nemesis Now said: Experiencing gateway attacks was a costly and stressful ordeal for our business.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

M2P Fintech

MARCH 24, 2025

Future technological advancements, including blockchain for secure transactions, machine learning for personalized offers, and peer-to-peer lending platforms , promise to further enhance the digital lending landscape. With the market projected to soar to $ 71.8 from 2023 to 2032. over the forecast period of 2024 to 2032.

Payment APIs and Integration 52

Payment APIs and Integration Blockchain Regulatory Compliance Underwriting 52

The Fintech Times

JUNE 9, 2025

Businesses estimate that 19 per cent of transactions are fraudulent, yet 74 per cent say they are confident in their ability to protect themselves against identity fraud. The costliest methods of attack, however, are account takeover and social engineering attacks. However, this confidence may be misplaced.

Account Takeovers 51

Account Takeovers Cybersecurity Fraud Prevention AI 51

The Fintech Times

MARCH 30, 2025

.” The 2025 FinTech Innovation Lab New York participants are: ANCHAIN.AI (San Jose, CA) an agentic AI platform that helps financial institutions investigate financial crime, enhance compliance and prevent fraud in digital asset transactions and beyond.

Innovation 80

Innovation FinTech AI Underwriting 80

Finextra

JUNE 26, 2025

The sheer volume and speed of online transactions make them an attractive target for malicious actors, who constantly evolve their deceptive tactics. The inherent nature of online transactions, particularly the absence of a physical card, introduces higher fraud risks compared to traditional card-present scenarios. share in the UK.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

Payments Source

APRIL 14, 2020

With the increase in online activity because of COVID-19, tracking down and investigating red flags might be more difficult given the volume of transactions on existing accounts, unless strict authentication measures are applied, says Giact's David Barnhardt.

Account Takeovers 136

Account Takeovers Accounts Authentication Volume 136

PYMNTS

MARCH 1, 2017

There’s a war going on in the digital world, one that most consumers are unaware of, despite the impact it could have on their money and their privacy — a battle between fraudsters and security providers over account takeovers. Account takeovers accounted for more than $2.3 billion in losses last year.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

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. Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late.

Transactions 112

Transactions Account Takeovers Push-to-Card Fraud Prevention 112

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 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

PYMNTS

OCTOBER 13, 2020

A recent study of North American and European consumers found that 92 percent expect their digital transactions to be safe, streamlined and convenient, for example. Consumers are relying more heavily on eCommerce during the pandemic, and they have high standards for what digital shopping should be like. Read more in the Tracker.

Account Takeovers 69

Account Takeovers Accounts Federal Trade Commission Verification 69

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 Phishing 52

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. Pre-Payment Security : Device fingerprinting, biometric authentication, and real-time monitoring to prevent identity fraud and account takeover.

Instant Payments 94

Instant Payments Transactions Payment APIs and Integration Compliance 94

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Account Takeover Growth.

Account Takeovers 47

Account Takeovers Accounts Fraud Prevention Credit Cards 47

PYMNTS

OCTOBER 23, 2017

Ersell’s organization specializes in credit card and eCommerce fraud (including account takeover), which calls for different skills and strategies than, say, hacking into merchants’ websites. They’re using weak passwords – oftentimes, the same weak password for all of their online accounts. Growth Trajectory.

Account Takeovers 53

Account Takeovers Accounts Cybersecurity Bots 53

PYMNTS

OCTOBER 25, 2017

Account takeovers have become a new favorite for fraudsters over the course of just a quarter. According to data from the October 2017 Global Fraud Index , a PYMNTS and Signifyd collaboration, account takeover use recently skyrocketed, climbing 45 percent in Q2 2017 alone. All told, merchants lost $3.3

Account Takeovers 50

Account Takeovers Accounts Breach Origination 50

PYMNTS

DECEMBER 18, 2020

The company said that malicious actors are moving away from the usual “spray and pray” strategy that entails conducting dozens or hundreds of lower-value transactions with stolen payment data, and are instead making fewer and larger attacks. Digital fraud is a longstanding issue for retailers and banks.

Account Takeovers 133

Account Takeovers Blocks Fraud Prevention Rules 133

Payments Source

APRIL 17, 2018

ATMs require dual-factor authentication in the form of a physical card and a PIN, and this same concept should be extended to phone transactions, writes Patrick Cox, CEO of TRUSTID.

Account Takeovers 67

Account Takeovers ATM Accounts Security 67

PYMNTS

JUNE 14, 2019

Online games store and centralize users’ payment information, making them prime targets for hackers who acquire data via account takeovers (ATOs). Account takeovers: the ultimate boss fight. Users must input these codes before they can access their accounts. ATOs are arguably the most nefarious type of fraud.

Account Takeovers 46

Account Takeovers Accounts Scams Phishing 46

FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

Account Takeovers 40

Account Takeovers Accounts Credential Rules 40

FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

Account Takeovers 40

Account Takeovers Accounts Credential Rules 40

FICO

JULY 23, 2019

Here, I will broaden the focus to include account takeover fraud. As CSPs have looked to introduce additional controls and checks at the front-end onboarding process, fraudsters have moved to account takeover. In my next post I’ll look at analytics that can help CSPs manage subscription fraud and account takeover fraud.

Account Takeovers 40

Account Takeovers Accounts Credential Rules 40