PYMNTS

MARCH 5, 2020

Zycus , which provides a comprehensive, end-to-end source-to-pay software suite in which it uses artificial intelligence (AI) technology, now has a new series of BOTs from its Zycus Merlin AI Suite, according to a press release. The BOTs will also allow for identifying contract clauses in an automated way.

Automation 97

Automation AI Bots Fraud Detection 97

The Fintech Times

SEPTEMBER 11, 2024

Automated bot attacks on social media surged dramatically in the second quarter of 2024, according to AU10TIX ’s latest Global Identity Fraud Report. This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated.

Bots 59

Bots Deepfake Automation APACS 59

PYMNTS

JUNE 11, 2020

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners , a press release states. The software utilizes real-time data analytics and real-time scoring to help merchants snuff out fraud and deliver seamless transactions, the press release says.

Fraud Detection 60

Fraud Detection Fraud Prevention Bots Advisors 60

Wharton Fintech

FEBRUARY 26, 2024

Mastercard, President & CTO Ed McLaughlin — Emerging Technologies in Payments In today’s episode, Kailee Costello hosts Ed McLaughlin , the President & Chief Technology Officer of Mastercard. A lot of technology went into securing the payment systems to fight fraud.

Visa 130

Visa Technology Payments Encryption 130

PYMNTS

MAY 28, 2020

Digital-fraud-protection company Kount said Thursday (May 28) that Mercator Advisory Group has named it the best eCommerce Fraud Detection Solution from among more than 40 products ranked.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

PYMNTS

AUGUST 23, 2017

Being connected via modern technology is something that’s becoming an expectation among consumers. One of the latest industries to start exploring in connected technologies are banks. One of the latest industries to start exploring in connected technologies are banks. They crave automation, transparency, and personalization.

AI 78

AI Bots Fraud Detection Research 78

PYMNTS

JULY 25, 2017

Technological advances are pushing the boundaries for what’s possible in a variety of industries. Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine learning will play a larger role moving forward.

Bots 78

Bots AI Fraud Detection Fraud Prevention 78

PYMNTS

NOVEMBER 26, 2019

Conexo Ventures and Inveready Technology Investment Group also participated. Their technology is designed to recognize illicit activity that comes from either human cybercriminals or bots. Buguroo said its technology can identify new types of malware on a web browser or mobile app.

Fraud Detection 56

Fraud Detection Bots Cybersecurity Credential 56

The Fintech Times

AUGUST 17, 2024

Global data and technology company, Experian has acquired NeuroID , the behavioural analytics firm, to expand its fraud risk suite. In today’s highly competitive and digital-first world, the use of behavioural analytics is now vital for innovating for the future of fighting fraud.”

Risk 59

Risk Bots Fraud Detection Identity Theft 59

Fintech Finance

OCTOBER 9, 2024

Global holiday spending is expected to rise 16% in value from October through December 2024 compared to the same period last year, according to analysis by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. ” Key report insights at a glance Payment trends (H1 2024 vs.

BNPL 98

BNPL Volume Alternative Payment Methods AI 98

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. What does FICO offer and how does it distinguish from other AFC solutions? Why is it so hard?

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

The Payments Association

APRIL 2, 2025

” Social media manipulation has emerged as a particular concern, with criminals using AI bots to artificially boost credibility through likes, followers and comments before launching scams. The human element Despite technological advances, human expertise remains irreplaceable.

AI 88

AI Financial Crimes Deepfake Fraud Prevention 88

Finovate

AUGUST 14, 2024

The technology matches incoming selfies with previously verified ID headshots, and features a true match rate of 99.9%. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

FEBRUARY 26, 2020

Many chains have thus been turning to fraud detection programs driven by artificial intelligence (AI) to make the most of their limited prevention resources, leveraging various techniques to stop bad actors’ advances. Many QSRs and third-party ordering apps are thus already using these tools to enhance their fraud detection procedures.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

The Payments Association

MAY 7, 2025

Impact on high-risk merchants: Crypto Exchanges and Digital Goods: AI-powered bots are being used to create fake accounts and initiate fraudulent transactions, leading to unauthorised chargebacks. helps: Near real-time fraud detection: By leveraging combined alerts from Ethoca and Verifi, avoided.io How avoided.io How avoided.io

Risk 88

Risk Disputes Debit Card Cross-Border 88

Fintech News

OCTOBER 28, 2024

The shortlisted teams, comprising fintech firms and solution providers from regions including Australia, India, the United States, and Kenya, have presented proposals utilising technologies like Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) to enhance financial well-being and resilience in today’s evolving economic landscape.

FinTech 119

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 119

Nanonets

APRIL 5, 2023

In this article, we will explore the definition of intelligent process automation, its importance in modern businesses, the key technologies involved, benefits, challenges, use cases, and the future of IPA. With the aid of deep learning and cognitive technology, rule-based automation is augmented with decision-making capabilities.

Automation 98

Automation Process AI Fraud Detection 98

Fintech Finance

MAY 30, 2024

Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.

Fraud Prevention 52

Fraud Prevention AI Fraud Detection Payment APIs and Integration 52

PYMNTS

JUNE 13, 2019

More businesses are adopting artificial intelligence (AI) and other technology to fight fraud. percent of FIs believe AI is an effective tool for stopping fraud before it happens, and 80 percent of fraud specialists using AI believe the technology could reduce payments fraud. Financial Institutions.

AI 44

AI Account Takeovers Fraud Detection Online and Mobile Banking 44

Nanonets

AUGUST 16, 2024

The drive to enhance claims processing through new technologies has intensified, especially since every dollar saved directly impacts profitability. Claims process automation uses advanced technology to streamline insurance claim management. Fraud detection: Fraudulent claims are one of the insurance industry's biggest challenges.

Automation 52

Automation Process Fraud Detection Payment APIs and Integration 52

PYMNTS

OCTOBER 8, 2020

The following Deep Dive explores how restaurants are using the latest dining and ordering technology to satisfy these requirements. One of the most promising tools QSRs leverage to fight fraud is artificial intelligence (AI), which studies have found can increase fraud detection rates by 50 percent and reduce false positives by 60 percent.

Innovation 56

Innovation Account Takeovers Fraud Detection Bots 56

PYMNTS

JANUARY 9, 2019

Stopping fraudsters can feel a bit like playing Whac-A-Mole for luxury retailers who want to protect customers and data, and no one wants to be the next retailer to experience a data breach or high-volume fraud attack. With our current fraud detection system, we are utilizing device fingerprinting,” Ciborowski said.

Fraud Detection 43

Fraud Detection Data Breach Account Takeovers Breach 43

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. This sophisticated anti-fraud method examines hardware and software configurations and user behaviors. Can You Spot the Bot?

Security 52

Security Bots Fraud Prevention AML 52

Seon

MAY 8, 2024

A heightened complexity of fraud tactics marks the fraud ecosystem. Fueled by technology advancements and the widespread availability of affordable cloud computing, this evolution has democratized the ability to launch large-scale cyberattacks and fraud schemes, enabling virtually anyone to orchestrate them.

Online and Mobile Banking 52

Online and Mobile Banking Fraud Prevention Account Takeovers Bots 52

PYMNTS

FEBRUARY 19, 2020

Fraud decisioning platforms have been perfecting technologies including adaptive ingestion, automated data governance, hybrid data management and pre-defined ontologies. The February Fraud Decisioning Playbook looks behind the trends in the travel industry, for instance, where one in five bookings are known to be fraudulent.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

Nanonets

AUGUST 20, 2023

Understanding Robotic Process Automation Robotic Process Automation, or RPA, is a technology that uses software robots, or bots, to automate repetitive tasks and processes. These bots mimic human actions by interacting with various systems and applications, such as data entry, screen scraping, and decision-making.

Bots 52

Bots Automation API Process 52

FICO

JUNE 23, 2022

In case you missed it, FICO World 2022 was a very welcome return to in-person learning and networking for the global fraud detection and financial crime-fighting community. The pandemic had a significant impact on some organizations, as we had overseas first lines [of fraud operations] shut down for periods of time. by TJ Horan.

Financial Crimes 52

Financial Crimes Crime AML Fraud Detection 52

FICO

AUGUST 3, 2022

For payments, risk, fraud prevention and financial crimes professionals, FICO World 2022 delivered a wealth of information on rapidly emerging trends and solutions. Synthetic Identities and Application Fraud. The Rise of the Bots. Some customers had found that bots were being used to uncover the right 3 digits for the CVV.

Financial Crimes 52

Financial Crimes Scams Bots Crime 52

Nanonets

AUGUST 1, 2023

By harnessing the power of advanced technologies such as Robotic Process Automation (RPA), data analytics, and artificial intelligence, businesses can revolutionize their auditing procedures. Among those investing in technology, data analytics software (68%) and audit management software (54%) were the top areas of interest.

Audit 52

Audit Automation Bots Risk Assessment 52

FICO

SEPTEMBER 5, 2022

or more details on individual countries credit card fraud and losses including multi-year trends, explore the European Fraud Map. How FICO’s Fraud Solutions Reduce Losses. Read Fraud Trends for 2022: Top 5 Includes ‘Scamdemic’ and Bad Bots. Global Fraud Trends: What’s Happening and What’s Next?

Scams 52

Scams Credit Cards Financial Crimes Push-to-Card 52

The Fintech Times

MARCH 31, 2024

Today, we explore the role of artificial intelligence in insurance and the delicate balance between leveraging technology and preserving human expertise. Allianz Partners has got two AI bots working on travel claims. The quicker we get them, the faster we can settle the claim.

Risk 64

Risk AI Underwriting Bots 64

Stax

MARCH 4, 2024

Identifying and Mitigating Payment Security Threats Phishing scams, social engineering, bot attacks—these are just a few of the most pressing cybersecurity threats that can be so devastating they have real-time effects. Blockchain technology is another technology used to advance payment security. Contact us to learn more.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

OCTOBER 1, 2019

Sophisticated AI tools are being used by QSRs to enable ordering via voice assistants, to work behind the scenes and to make operations more efficient, as well as to help fight fraud. QSRs are fighting back against bad actors by partnering with third-party payment processors and incorporating security technologies to authenticate customers.

Data Breach 57

Data Breach Breach Account Takeovers Fraud Prevention 57

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. The PYMNTS Fraud Decisioning Playbook reported that approximately 20 percent of accounts opened for the more than 1.3

Scams 52

Scams Security Federal Trade Commission Push-to-Card 52

FICO

JANUARY 10, 2023

As criminals seek new paths to vulnerable customers and safeguards, fraud professionals are constantly alert to new patterns and always responding with new technology. Here are the five most-viewed posts from 2022 on the FICO Blog related to fraud. Fraud Trends for 2022: Top 5 Includes "Scamdemic" and Bad Bots.

Scams 52

Scams Posting Push-to-Card Compromise 52

Fintech Labs Insights

JANUARY 11, 2017

With AI already embedded into these industries, it’s easy to find examples of how the technology is shaping fintech. Fraud detection. Fintech example : Multiple card issuers use AI to detect unusual spending activity. AI is already heavily leveraged for use in fraud detection. Robo advisory.

AI 30

AI FinTech Bots Advisors 30

Seon

JUNE 21, 2023

Multi-use VCCs : With low-friction onboarding, fraudsters may use bots to try and generate cards en masse. Physical credit card holders : Fraudsters may use stolen account details to apply for VCCs, potentially leading to false negative fraud checks when virtual card transactions are made.

Credit Cards 52

Credit Cards Risk Online and Mobile Banking Phishing 52