Remove Authentication Remove Fraud Detection Remove Fraud Prevention
article thumbnail

What is Geolocation-Based Fraud Prevention?

Fi911

But, did you know it can also be used to help stop card-not-present fraud? Geolocation & Fraud Prevention Geolocation helps prevent fraud by verifying the location of a user or device during transactions, especially in card-not-present scenarios.

article thumbnail

What Canadian Merchants Need to Know About International Payment Processing

Clearly Payments

Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Understanding tax obligations in each market is crucial to prevent legal and financial issues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating the rise of AI-enabled fraud

The Payments Association

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. These tools leverage machine learning algorithms to continuously learn and adapt, enabling them to spot evolving fraud tactics that may otherwise go undetected by static rule-based systems.

AI 88
article thumbnail

Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

article thumbnail

Scrapping the £100 Contactless Limit: What It Means for Consumers, Merchants and Security

The Fintech Times

As well as bank cards, an increasing number of people are using smartphones and watches to make contactless payments Having a contactless limit is important in terms of fraud prevention, but we believe overall limits and the number of times a customer needs to enter a PIN should be determined by industry rather than the regulator.

article thumbnail

Experian integrates Mastercard ID verification and fraud prevention tech

Finextra

Home Announcements Identity Experian integrates Mastercard ID verification and fraud prevention tech External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.

article thumbnail

The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

Modern platforms operate in an environment where 269 million card records were posted on dark web platforms in 2024 , and friendly fraud accounts for 75% of all chargeback losses. Consequently, the cost of fraud prevention now reaches $4.61 Consumer behaviour adds another layer of complexity to the fraud landscape.

Risk 88