The Payments Association

OCTOBER 28, 2024

While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors. Internet banking fraud , once a dominant form of remote fraud, saw a dramatic 37% drop in cases and an 11% reduction in losses.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

Fintech News

FEBRUARY 10, 2025

In fintech, this means AI systems that dynamically manage credit risk, automate trading decisions, and even preemptively block fraud, all without human intervention. Also, the autonomous nature of the AI means decision-making is often removed from human oversight.

AI 78

AI FinTech Fraud Detection Fraud Prevention 78

Stax

APRIL 3, 2025

Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. Digital goods & services – Businesses that sell ebooks, software, and online courses should consider processors that support instant payouts and fraud detection.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Fintech News

MAY 22, 2024

Mastercard is now leveraging generative AI to predict the full details of these compromised cards, enabling banks to block them more quickly than before. This enhanced capability allows Mastercard to detect complex fraud patterns and protect future transactions against emerging threats.

Compromise 119

Compromise Visa AI Fraud Detection 119

Finextra

JUNE 26, 2025

Fraud has long imposed a heavy burden on businesses, costing an estimated $485.6 Instnt is changing that narrative with a first-of-its-kind solution that merges AI-driven identity verification and fraud detection with insurance-backed protection, helping businesses transfer fraud risk and recover quickly when losses occur.

Fraud Detection 52

Fraud Detection Verification AI Authorization 52

Finextra

JULY 7, 2025

This broad applicability in banking (from automating fraud reviews to generating customer communications) underscores how financial firms are integrating GenAI into their core workflows more aggressively than most. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.

AI 64

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 64

Finovate

FEBRUARY 5, 2025

Worldpay plans to acquire AI-driven fraud detection company Ravelin. The acquisition will help Worldpay enhance its e-commerce offerings by adding fraud prevention technology and improve business clients’ authorization rates. Financial terms of the deal were not disclosed.

Acquirers 52

Acquirers Fraud Prevention Fraud Detection AI 52

PYMNTS

AUGUST 21, 2020

This month’s Deep Dive explores how FIs are harnessing customer authentication procedures like biometrics as well as AI-driven fraud detection systems to sniff out fraudsters without obstructing legitimate customers. About The Tracker.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Fi911

DECEMBER 19, 2023

This scale of fraud is challenging for systems dependent solely on human detection, especially considering the increasing volume of online transactions. Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection.

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

Clearly Payments

NOVEMBER 6, 2024

They can also offer additional services like fraud detection, chargeback management , and analytics. Artificial Intelligence (AI) and Machine Learning (ML) : Fraud detection and prevention have become a priority, with AI and ML systems being increasingly adopted to identify suspicious transactions and reduce chargebacks.

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. Among the features is real-time scoring. percent in 2017 to 6.7 billion transactions.

Fraud Detection 40

Fraud Detection Debit Network Issuers Risk Mitigation 40

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

Stax

MARCH 11, 2025

Small businesses lacking the negotiating heft of prolonged history (and even more established businesses) can focus on minimizing fraud and chargebacks as a way to reduce payment processing costs. Good providers will equip you with advanced fraud detection tools and robust mechanisms for reducing and preventing chargebacks.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Fi911

DECEMBER 3, 2024

Any excessive submissions or deviation from usual purchase patterns can trigger velocity checks which subsequently flag these as potential fraud and may even block the suspicious transactions. An effective fraud prevention strategy would combine velocity checks with other fraud detection mechanisms.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

PYMNTS

APRIL 10, 2020

percent) is the ability to reduce false positives, or the reducing of blocked legitimate transactions. This underscores the fact that effective fraud detection tools are not only successful in catching suspicious transactions, but also at letting the good ones through.

AI 144

AI Fraud Detection Risk Assessment Regulatory Compliance 144

Fintech News

MARCH 27, 2024

Leveraging its extensive experience and a US$10 billion investment in technology and innovation over the past five years, Visa aims to enhance fraud prevention and network security. The investment appears to have paid off, with Visa blocking US$40 billion in fraudulent activity last year, nearly doubling the amount from the previous year.

Fraud Prevention 107

Fraud Prevention AI Value Added Service Blocks 107

Stax

MARCH 18, 2025

Measures such as encryption, tokenization, and fraud detection are vital for protecting payment transactions from cyber threats, fraud, and data breaches. While theres a level of digital fraud risk, most digital payment processing systems have robust security measures, such as encryption, tokenization, and fraud detection.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

Payments Source

FEBRUARY 24, 2021

Though the lower-ticket sales in fast food traditionally weren’t a large fraud magnet, that’s changed as fraud expanded to new channels during the pandemic.

Blocks 92

Blocks Fraud Detection 92

Fintech News

NOVEMBER 5, 2024

Additionally, Visa Protect for Account-to-Account Payments, an AI-driven fraud detection tool, has been designed to reduce fraud in real-time, covering digital wallets and QR code payments.

Product 107

Product Cross-Border Credential Cross-Border Payments 107

Segpay

FEBRUARY 21, 2024

Generative AI in Digital Payments: Enhanced Fraud Detection: Generative AI improves the security of digital payments by enhancing fraud detection mechanisms. This makes real-time detection and prevention possible. Fraud Detection Generative AI contributes to fraud detection and prevention in KYC processes.

AI 105

AI Innovation Fraud Detection Encryption 105

Stax

DECEMBER 12, 2024

The Benefits of Merchant Services for Small Businesses Payment complexities can be a stumbling block for thriving SMBs. From there, lets see how merchant services can benefit small businesses in particular. Heres how merchant service providers like Payment Depot by Stax can help in terms of efficiency, security, and cost savings.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Finextra

JUNE 23, 2025

Generative AI (GenAI) is emerging within this dynamic environment as a technology that can significantly improve efficiency, fraud detection, and customer engagement. In response to this growing threat, fraud detection tools increasingly incorporate GenAI capabilities to strengthen their defences.

AI 52

AI Risk Payment APIs and Integration Fraud Detection 52

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

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

The Fintech Times

MAY 26, 2025

Beyond customer engagement, AI is increasingly being used in financial decision-making and fraud detection. Now, these AI-driven digital humans are outperforming real people – they understand customers better and deliver more effective messaging.

AI 49

AI Finance Compromise Fraud Detection 49

The Payments Association

MARCH 14, 2025

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. To minimise disputes and fraud-related losses, businesses should: Use fraud detection tools that flag suspicious transactions before they are processed.

Risk 88

Risk Disputes Processors Fraud Detection 88

PYMNTS

OCTOBER 15, 2020

As he noted, new threats and money-laundering scenarios require a fresh perspective on fraud detection. “I think as more people around the world end up in dire straits with their own economic troubles, suddenly acting as a ‘money mule’ might seem like a good option,” Pointner said. “So,

AML 97

AML Continuity Money Laundering Authentication 97

The Payments Association

MAY 7, 2025

helps: Near real-time fraud detection: By leveraging combined alerts from Ethoca and Verifi, avoided.io detects fraudulent activities before they escalate into chargebacks, but only for purchases made using credit or debit cards. How avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

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

FICO

NOVEMBER 24, 2020

That’s why FICO and PULSE - a Discover® company and leading provider of debit/ATM networks in the US – partnered to implement a state-of-the-art fraud platform to provide real-time fraud detection on millions of transactions per day. 40% increase in fraud dollars blocked. 50% increase in account detection rate.

Debit Card 52

Debit Card Fraud Detection Issuers ATM 52

Faster Payments Council

AUGUST 23, 2024

Sponsorship Opportunities Event Registration Book Your Hotel: *Please note that the FPC has a room block available at the Grand Hyatt Denver, which is located just a 5-minute walk from the Hyatt Regency Denver where the Fall Meeting will be held.

FPC 128

FPC ISO 20022 Federal Reserve Instant Payments 128

The Fintech Times

AUGUST 13, 2024

As attacks become more complex, so do the prevention measures, enabling us to monitor 2,400 transactions per second and identify and block fraud. What are some AI fraud trends we’re seeing in Latin America? How do the Latin American AI and anti-fraud sectors compare to that of the rest of the world?

AI 59

AI Fraud Detection Fraud Prevention Phishing 59

PYMNTS

MARCH 2, 2020

Many use perimeter defenses , devoting all their efforts to blocking points hackers could use to gain access. Binary solutions can examine individual cloud interaction aspects and flag them as fraudulent or legitimate, but they lack nuanced answers about overall fraud probabilities.

Security 69

Security Fraud Detection Breach Data Breach 69

PYMNTS

OCTOBER 8, 2020

Chief security officers and most FinTech space players would typically say they already look at geolocation as part of their risk scoring, considering it critical to their fraud detection efforts. For instance, Briggs recalled that he was once blocked from paying some large bills online while traveling in Italy.

Checks 106

Checks Addressing Online and Mobile Banking Crime 106

Payments Source

DECEMBER 21, 2018

The software, which was developed by Feedzai, will eventually block payments that appear to be fraudulent or mistaken.

Blocks 69

Blocks AI Payments Fraud Detection 69

PYMNTS

MARCH 12, 2020

Schroeder pointed to the recent adoption by PULSE of the FICO Falcon Platform, to underpin its DebitProtect service with a range of fraud detection and blocking capabilities extended across more than 3,700 debit issuers, including real-time risk scoring.

Payroll 61

Payroll Issuers Push-to-Card Debit Transaction 61

Payments Source

MARCH 12, 2019

startup enabling banks to use machine-learning technology to block payment card fraud. The past six years have been a whirlwind for King, who had no experience in the payments industry before becoming CEO of Featurespace, the fast-growing U.K.

Blocks 71

Blocks Technology Payments Fraud Detection 71