Fintech Finance

APRIL 24, 2024

Verizon , NatWest and Global Anti-Scam Alliance collaborate with Mastercard to tackle fraudsters and fight against scams. billion to internet scams in 2023 alone. Mastercard is also partnering with organizations across the ecosystem to fight scams. According to the FBI, across the United States people lost $12.5

Scams

FICO

JULY 28, 2021

million fraud reports from consumers , with imposter scams remaining the most common type of fraud reported to the agency. These scams are typically Authorized Push Payment (APP) schemes in which the transaction is executed by the customer directly, often via—wait for it—ACH payments. Federal Trade Commission received more than 2.2

NACHA

Fintech Finance

MAY 30, 2024

Morgan is a network that facilitates secure and private peer-to-peer information and capability exchange between global financial services organisations such as banks, credit unions, fintechs, and digital banks among others. Morgan, is designed for the exchange of global account validation information.

Technology

Fintech Finance

APRIL 11, 2024

Banks can now access Verification of Payee (EU), Confirmation of Payee (UK) and SWIFT Beneficiary Account Validation (BAV) via Temenos Exchange using the SurePay API. The SurePay solution is designed to reduce impersonation fraud, authorised push payment (APP) scams and misdirected payments.

Payee

The Fintech Times

FEBRUARY 21, 2024

The Swift Payment Market Practice Group (PMPG) also outlined how global adoption of the LEI in ISO 20022 payment messages can support key cross-border use-cases including: sanctions and watch-list screening; KYC and client onboarding; fraud detection and the fight against vendor scams; e-invoice reconciliation; and account-to-account validation.

Cross-Border Payments