Payments Dive

JUNE 12, 2025

Skip to main content CONTINUE TO SITE ➞ Dont miss tomorrows Payments industry news Let Payments Dives free newsletter keep you informed, straight from your inbox. T he Task Force for Recognizing and Averting Payments Scams Act was announced Tuesday by Senators Mike Crapo, an Idaho Republican, and Senator Mark Warner, a Virginia Democrat.

Law Enforcement 88

Law Enforcement Scams Payments Zelle 88

Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. Projections indicate that global card fraud losses are expected to reach $40.53 average annual loss to fraud per merchant.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. Projections indicate that global card fraud losses are expected to reach $40.53 average annual loss to fraud per merchant.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

PYMNTS

JANUARY 27, 2020

The Business Email Compromise (BEC) continues to evolve. Fraudsters are adding new twists to what has become an increasingly common scam targeting businesses’ B2B payments activity. BEC is not the only cyberattack causing corporate losses, however, as ransomware threats continue to ramp up as well.

Business Email Compromise 71

Business Email Compromise Scams Ransomware Real Time Payments 71

The Fintech Times

AUGUST 2, 2024

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. In the same year, victims reported 252,626 cases of APP scams – but not all reports resulted in refunds from their banks.

Scams 64

Scams Romance Scams CRM Monetary Loss 64

FICO

SEPTEMBER 16, 2020

UK banks continued to strengthen and improve their systems, taking the learnings from the 2018 spikes to better control future compromises, and take the next steps forward to further improve Card Not Present (CNP) protection. See the interactive map at www.fico.com/europeanfraud. Card Fraud Across Europe. by Toby Carlin.

Monetary Loss 52

Monetary Loss Compromise Deposit Account Volume 52

FICO

JUNE 21, 2021

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge to reduce European card fraud. It achieved the third best reduction in fraud loss of the studied countries, reducing fraud levels by €2M (39 percent). Hungary also made significant progress.

Smishing 52

Smishing Phishing Monetary Loss Compromise 52