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Visa Ramps Up AI-Powered Fraud Prevention During Holiday Shopping Globally

Fintech News

Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. This solution, launched earlier this year, leverages generative AI to help prevent account takeovers and other types of fraud across shopping platforms.

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Consumers and Businesses Aligned as Both Prioritise Instant Payments and Fraud Prevention, Says DGN

The Fintech Times

Instant payments and fraud prevention have quickly become the areas fintechs need to focus on most, according to the third portion of the ‘2024 Payment State of the Union’ study by Discover Global Network , the global payment network.

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Avoided.io: Revolutionising chargeback management and fraud prevention

The Payments Association

Key integrations: Ethoca Consumer Clarity Verifi Order Insight 3. Prevention alerts early warning system: Avoided.io provides Prevention Alerts to give businesses advance notice when a transaction has been disputed. Comprehensive chargeback management: By combining all these features into a single platform, Avoided.io

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Acquirers and PSPs and the 2025 consumer: Designing for diverse payment preferences

The Payments Association

Acquirers and PSPs and the 2025 consumer: Designing for diverse payment preferences 4 July 2025 by Payments Intelligence The 2025 Consumer Behaviour Report from The Payments Association delivers an urgent message to the acquiring and PSP community: the UK payments landscape is diversifying faster than many platforms are adapting.

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

The Fintech Times

The Financial Conduct Authority (FCA) is reviewing whether the 100 contactless limit should be removed or increased, aiming to give consumers and businesses more flexibility while keeping fraud protections in place. The consultation is part of wider efforts to encourage innovation in payments and support economic growth.

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Plaid Partners with Experian; Launches Fraud Prevention Solution Plaid Protect

Finovate

Financial data network Plaid has been in the fintech headlines of late for its new partnership with data and technology company Experian , and for the launch of its Plaid Protect fraud prevention solution. “Together, we’re building a more inclusive, intelligent, and competitive financial system.”

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What You Need to Know About Singapore’s Most Common Payment Fraud

Fintech News

Unlike its regional counterparts, where fraud types like triangulation fraud and account takeover fraud are more common, Singapore has seen a rise in more sophisticated and creative forms of fraud. Below are the most common types of fraud found now. Percentage of security concerns pointed out by the consumers.