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

Fintech Finance

MAY 22, 2024

Mastercard, a world leader in cyber security, is now better able to predict the full card detail of these compromised cards on its network, enabling banks to block them far faster than previously. The card can then be blocked and reissued.

Fraud Detection

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

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

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

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

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

The Payments Association

MARCH 14, 2025

Understanding your MCC code is essential because it directly affects: 1) Payment processing fees Businesses categorised under high-risk MCCs typically pay higher transaction fees due to increased fraud exposure and chargeback rates. Payment processors impose these fees to mitigate potential financial losses from disputed transactions.

Risk

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

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. 14 seconds.

FPC

PYMNTS

FEBRUARY 26, 2020

The study also noted that only 27 percent of restaurants’ digital investments were focused on fraud mitigation, with establishments instead allocating resources to mobile ordering. Many AI-based fraud detection solutions also leverage machine learning (ML), which allows the system to learn on its own. AI in Action.

Credential

Fintech Finance

MARCH 13, 2025

Enhanced fraud prevention – Online merchants currently face over $40 billion in fraud losses annually, with fraud increasing 69 percent per year. CPoI mitigates these risks by requiring both a physical card and PIN, ensuring only genuine cardholders can complete transactions.

Transactions

FICO

JUNE 11, 2020

Machine learning technology enhances the FICO® Falcon Fraud Platform , allowing it to assess the breadth of consumer and geographic behaviors and dynamically update the signals that denote fraudulent cardholder activity. As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

EMV

PYMNTS

OCTOBER 29, 2018

Since FIs are unfamiliar with these emerging transaction activities, it becomes challenging for them to adjust their cyberattack detection and prevention strategies. They should also block access to unauthorized or fraudulent third-parties, provided they have evidence of an illegitimate transaction. Protecting APIs.

Security

The Fintech Times

MARCH 27, 2024

Its new solutions include: Visa Deep Authorisation (VDA): This solution is tailored to help issuers mitigate the challenges they face due to the rising complexity of digital fraud. This expansion enables issuers to streamline their fraud detection operations, resulting in strengthened fraud protections and reduced operational costs.

Fraud Prevention

Fintech Finance

MARCH 22, 2024

Cashfree Payments’ RiskShield provides a secure business environment by mitigating fraud, minimizing litigation risks, improving transaction experiences, and fostering positive customer relationships. Additionally, to build risk solutions, businesses would require specific certifications like PCI DSS certificate etc.

PCI DSS

PYMNTS

MARCH 2, 2020

So as we looked for areas to focus on in healthcare, we recognized that fraud, waste and abuse could benefit from our experience and competencies, given our leadership in fraud mitigation and security,” Griffin said, noting Mastercard’s 2017 acquisition of AI firm Brighterion. Modifying the System.

AI

PYMNTS

FEBRUARY 10, 2017

The bigger and more widespread cyber threat, as opposed to shimmers, may actually be the ability for cybercriminals to use or sell stolen data for fraudulent online purchases that are typically made in groups of small purchases as to go undetected by fraud detection systems. has fallen significantly behind the curve.

Account Takeovers

PYMNTS

MAY 28, 2020

This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced fraud detection strategies and designate additional resources to keep themselves and their customers safe. Staying ahead of fraud requires constant innovation. Mobile Collaboration .

Online and Mobile Banking

PYMNTS

FEBRUARY 1, 2017

Overall, the report noted, many of the businesses surveyed said they use non-specialized services to mitigate and detect payments fraud, which are unreliable and often show a high percentage of false positives, researchers added.

Research

Segpay

MARCH 10, 2025

Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Look for a gateway that includes PCI compliance, fraud detection tools, chargeback mitigation strategies, and AI-driven risk analysis to protect transactions and user data.

Payment Gateways

Seon

MAY 8, 2024

By using thousands of real-time device signals, from geolocation and IP information to behavioral data such as battery life, phone orientation and font count, suspicious setups and settings across desktop and mobile devices can be flagged and blocked.

Online and Mobile Banking

PYMNTS

OCTOBER 11, 2018

Training, Fagan noted, is often an area that sits on the funding chopping block, because the payout from the investment isn’t always as obvious. And that data, Fagan noted, is extremely useful in a variety of contexts — like fraud mitigation.

Credit Union

FICO

JANUARY 10, 2023

One of our customers told how they had been able to deploy user defined variables in FICO Falcon Fraud Manager in order to track and understand payment velocities. They were able to identify attempts to uncover CVVs on the cards they had issued and could therefore have those cards blocked and reissued.

Scams

Seon

APRIL 11, 2024

Both departments are crucial in identifying and mitigating fraud and reducing risk, including financial, operational, legal and reputational hazards. This integration enables fraud teams to prevent fraudulent transactions and block potential money laundering activities , enhancing the organization’s overall security posture.

Fraud Prevention

PYMNTS

JULY 18, 2018

Those increases result in more pressure being put on fraud detection systems — which, in turn, provide obvious opportunity for businesses that sell fraud prevention technology. Biometric Promise.

Fraud Prevention

Nanonets

APRIL 15, 2024

By maintaining clean and up-to-date financial records, organizations can make informed strategic decisions, mitigate financial risks, and position themselves for sustainable growth and profitability in the long term.  

Reconciliation

Seon

MAY 28, 2024

Diving into practical, actionable recommendations, we’ll explore strategies to sharpen risk profiling capabilities and leverage innovative technologies to better identify and mitigate potential threats.

Security

Seon

MAY 16, 2024

For operators, the repercussions of fraud can be profound, encompassing substantial financial chargebacks, severe reputational harm and the potential erosion of player trust. Types of iGaming Fraud Multi-Accounting This is a practice where an individual creates multiple accounts on a single platform.

Fraud Prevention

Nanonets

JUNE 29, 2023

Complex approval workflows, duplicate alerts and fraud detection Payment and reconciliation that works like magic. Fraud detection and duplicate payment alerts. Flow demo Features: All your spending data in one place. Nanonets reads transaction information from any source, updates the invoice, and posts to your ERP.

Payment APIs and Integration

Segpay

DECEMBER 19, 2024

For example, if an employee suddenly logs in from a foreign country, the system triggers other authentication steps or blocks access altogether. These adaptive security measures help mitigate potential breaches. Jumio (Austria, UK) Jumio is a global leader in identity verification with European offices in Austria and London.

Verification

EBizCharge

MAY 12, 2025

Together, these authentication methods can create a secure and trustworthy payment environment to reduce fraud, protect data, and boost customer confidence. With the proper parameters, secure payment processing systems can provide numerous benefits for businesses, including mitigating chargebacks.

Process