Fintech News

JUNE 11, 2025

Some of these tools have even advanced to the point of simulating accurate lip-syncing, allowing attackers to bypass voice-based authentication systems. Altogether, it’s not just about faking a face but rather about crafting a digital persona so convincing that even human reviewers and traditional tech struggle to detect the fraud.

Crime 64

Crime Deepfake AI APACS 64

Fintech Review

JANUARY 21, 2025

By analysing transaction history and behaviour, AI enhances fraud prevention measures. Securing Digital Identities Digital identity verification is a cornerstone of fintech services. These technologies ensure that users are who they claim to be, reducing the risk of identity theft.

Cybersecurity 103

Cybersecurity FinTech Identity Theft AI 103

PYMNTS

MARCH 29, 2017

Online retailers just got a new tool in the fight against identity theft and fraud. XOR Data Exchange’s free platform, Compromised Identity Exchange Basic, gives online retailers the ability identify and prevent account takeover attempts by providing theft risk insight on the individual consumer level.

Fraud Prevention 40

Fraud Prevention Account Takeovers Identity Theft Data Breach 40

Fintech Finance

JULY 7, 2025

Europol’s 2023 report on cyber-enabled fraud also highlighted an increase in social engineering tactics, including fraudulent payment instruction scams, phishing, and identity theft that specifically exploit the slow and fragmented nature of international property payments.

Multi-Currency 52

Multi-Currency Identity Theft Cross-Border Payments 52

Accertify

NOVEMBER 16, 2023

The Paypers Fraud Prevention in Ecommerce 2023 – 2024, Keeping Fraudsters Out While Balancing a Seamless Customer UX has been released and it has been made available for download. The post The Paypers Fraud Prevention in eCommerce 2023 – 2024: Keeping Fraudsters Out While Balancing a Seamless Customer UX first appeared on Accertify.

Fraud Prevention 40

Fraud Prevention Identity Theft Account Takeovers Scams 40

Finovate

OCTOBER 24, 2024

Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 65

Risk Acquirers Fraud Prevention Identity Theft 65

PYMNTS

OCTOBER 29, 2018

Payments and commerce fraud has its own ecosystem, one that includes criminals, servers and other computing devices, IP addresses, compromised payment cards and stolen personal data, and even houses and other physical locations. It’s about combining insight and connecting the dots” when it comes to fraud, he told Webster. Human Role.

Fraud Prevention 79

Fraud Prevention Identity Theft Third-Party Service Provider Account Takeovers 79

Fi911

JULY 8, 2024

This type of fraud can take various forms, including identity theft, chargeback fraud, and phishing attacks. Acquiring banks have a vested interest in helping their merchant clients stop eCommerce fraud, as it directly impacts the financial stability and reputation of both parties.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

The Payments Association

MARCH 14, 2025

These rules help prevent fraud, identity theft, and illicit transactions. 4) Payment approvals and restrictions Some MCCs are blocked or restricted by certain banks and payment processors due to high fraud risks or regulatory concerns. Reduce fraud exposure and chargeback liability. 5) Leverage Avoided.io

Risk 88

Risk Disputes Processors Fraud Detection 88

PYMNTS

OCTOBER 12, 2018

For all the buzz about the advent of real-time payments, and the various opportunities it can reportedly unlock, the lingering uneasiness is that speed also brings the potential for more fraud. That fear, according to David Barnhardt, EVP of product at fraud prevention firm GIACT , is not unwarranted or unreasonable.

Faster Payments 73

Faster Payments Authentication Payments Enrollments 73

Trade Credit & Liquidity Management

MARCH 27, 2025

This enhancement leverages a partnership with a global data and technology firm to provide robust identity verification, fraud detection, and risk-based authentication tools. Bectran previously announced a partnership with GIACT, to enhance ACH fraud prevention.

Identity Theft 40

Identity Theft Fraud Prevention Fraud Detection Verification 40

PYMNTS

OCTOBER 9, 2020

state employment programs to phishing scams with bad actors claiming to represent retailers — such as luxury brand Vince Camuto in one recent email scam — to good old-fashioned identity theft. These schemes range from tailored attacks against U.S. The Future of Email Verification.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

PYMNTS

JUNE 22, 2020

company that develops technology to stop identity theft, has announced it will have a public offering of 1.5 For example, we have extended our technologies into online applications to provide enhanced safety, regulatory compliance and fraud prevention for the billions of transactions that occur online each day.

Regulatory Compliance 60

Regulatory Compliance Identity Theft Fraud Prevention Shutdown 60

PYMNTS

OCTOBER 19, 2018

As if that were not enough, Webster told about a man who managed to steal some 500 physical identities, in part, by assuming the personas of missing persons. Even his French accent was not enough to prevent him from working his way into the lives of people who were not French. There is no digital identity nirvana,” he told Webster.

Fraud Prevention 75

Fraud Prevention Law Enforcement Crime Best Practices 75

Fi911

SEPTEMBER 27, 2023

Understanding Liveness Detection Liveness detection is pivotal in biometric authentication systems. This adds a crucial security layer, ensuring the authentication process interacts with a genuine source. Halting Identity Theft While typical verification methods have their drawbacks, liveness detection takes security up a notch.

Security 52

Security Identity Theft Verification Authentication 52

Clearly Payments

JULY 16, 2024

Fraud Rate by Industry in 2023 Credit card fraud is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2%

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Seon

SEPTEMBER 11, 2023

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. We know neobank risk teams must stay aware of evolving threats and take an active approach to closing those routes to fraud.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. These scams can both leave consumers vulnerable and force them to suffer through complex anti-fraud measures.

Identity Theft 54

Identity Theft Fraud Prevention AI Scams 54

The Payments Association

OCTOBER 4, 2024

These digital-first solutions are especially popular among younger generations, who value convenience and security features like biometric authentication. Security concerns and fraud prevention One of the most significant challenges is the persistent threat of fraud.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement.

FTC 53

FTC Fed Federal Trade Commission Identity Theft 53

PYMNTS

JUNE 3, 2020

As a result, he told PYMNTS, authorized fraud is harder to ferret out and combat. Just putting device profiling or two-factor authentication in place doesn’t help,” if it seems on the surface as if the actual customer is doing the transacting, he said.

Business Email Compromise 71

Business Email Compromise Email Compromise Real Time Payments Authentication 71

PYMNTS

JANUARY 16, 2020

Biometric authentication solutions provider BehavioSec is among those innovating its products for more protection, announcing upgrades to its behavioral biometrics platform surrounding customer authentication and other verification safeguards. A Multi-Layered Fraud Approach Critical To Consumer Data Protection.

AI 53

AI Identity Theft Authentication Account Takeovers 53

PYMNTS

MARCH 29, 2017

Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft. Harnessing this type of information can empower retailers to implement authentication measures when needed to confirm that a customer is who they say they are.

Identity Theft 40

Identity Theft Compromise Data Breach Breach 40

FICO

FEBRUARY 5, 2018

In these roles, Bob was a true fraud practitioner, responsible for leading high-performance teams across strategic and operational roles and policies and working closely with his peers in Risk, Compliance, Security, and LOB functions across the business to protect the bank, its clients, and its employees.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

PYMNTS

MARCH 29, 2018

According to the most recent Global Fraud Index , fraud cost eCommerce merchants an astounding $57.8 To protect themselves, companies are deploying a variety of authentication solutions to allow the right customers in and to keep the bad guys out. billion across eight of the largest retail sectors in the second quarter of 2017.

Authentication 43

Authentication Risk Compliance Database 43

Finovate

APRIL 11, 2024

Additionally, the combination of Mitek’s check image analysis and DataVisor’s analysis of check and customer lifecycle data will enable users to detect a wide variety of check fraud tactics including check kiting, remote deposit capture fraud, check washing, counterfeit checks, and identity theft.

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

Clearly Payments

JANUARY 8, 2024

Here are some key types of risks that merchants should be mindful of in payment processing: Fraud Risk: Fraud risk involves unauthorized or deceptive activities aimed at exploiting the payment system for financial gain. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

MAY 5, 2020

It’s key to emphasize the importance of authentication” as so much activity moves online, said Quevedo. Looking ahead amid the pandemic and beyond, she said that for banks and merchants, “it’s really important that they have multiple fraud strategies in place.

Disputes 83

Disputes Issuers Visa Identity Theft 83

PYMNTS

FEBRUARY 21, 2020

Business identity theft is used to launch everything from purchasing plan scams to tax and credit card application fraud, and it caused an estimated $137 million in damages in 2017. No anti-fraud strategy is a cure-all, however, and even security measures bring risks. Detecting Fraudsters.

B2B 61

B2B Scams Credential B2C 61

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. This is why you need robust fraud detection mechanisms and ensure that they are up-to-date. It can also help to teach them about best practices they can follow to prevent fraudulent transactions.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Finovate

AUGUST 14, 2024

Businesses ranging from Capital One and SoFi to DraftKings and the State of California rely on Socure’s technology for accurate identity verification and fraud prevention. Johnny Ayers is Socure’s founder and CEO.

Credential 65

Credential FinTech Deepfake Fraud Detection 65

Seon

JANUARY 29, 2024

In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials. It is also considered a form of identity theft, because it happens when someone logs into an account that isn’t theirs to exploit it.

Account Takeovers 52

Account Takeovers Accounts Fraud Prevention Phishing 52

Seon

JULY 10, 2024

These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. Fraud transaction monitoring’s scope is narrow. For fraud prevention, these systems detect unusual patterns or suspicious activities indicative of fraudulent transactions.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

FICO

SEPTEMBER 8, 2022

Real-time payment systems such as India’s Unified Payments Interface (UPI) have been a prime target for fraud as transaction volume on the platform grows at a breakneck pace. This shows that good fraud protection can be a bank’s biggest competitive advantage rather than just an overhead.

Posting 52

Posting Real Time Payments Scams Push-to-Card 52

FICO

NOVEMBER 30, 2022

But there are other significant actions that, when implemented as a part of a layered approach to fraud prevention, can make a big difference in protecting consumers and lowering false positives. Discover how Customer Communications Services for Fraud can alert customers about potential scams in real-time. Debbie Cobb.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42