EBizCharge

MARCH 3, 2025

This method helps verify your customers identity, reducing fraud and enhancing payment security. Advanced fraud detection tools monitor and analyze payment transactions for suspicious activities. By catching unusual patterns, these tools help prevent fraud before it can threaten the business or affect financial statements.

Credit Cards

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. 1 in the detection/action and delivery categories and had the highest score overall — 4.58 Kount placed No. Kount placed No.

Fraud Detection

PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. People are one click away from a malware download or credential phishing [website].

Fraud Prevention

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. Selecting the Target. One Dream Marketplace listing offered $25 in Dunkin’ credits for $10. AI to the Rescue.

Credential

Fi911

JULY 8, 2024

This makes it imperative for businesses to stay ahead with robust fraud detection and prevention strategies. Acquiring banks have a vested interest in helping their merchant clients stop eCommerce fraud, as it directly impacts the financial stability and reputation of both parties.

Account Takeovers

Finovate

AUGUST 14, 2024

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. “Identity verification isn’t a one-time event. Johnny Ayers is Socure’s founder and CEO.

Credential

PYMNTS

NOVEMBER 26, 2019

Buguroo looks not only for new account fraud (NAF), but also fraud that is perpetrated when someone gains access to the system using stolen credentials. According to Buguroo, almost 33 percent of fraud comes from accounts that are supposedly legitimate but are actually controlled by fraudsters.

Fraud Detection

PYMNTS

MARCH 19, 2018

In addition to stolen credentials and skimmed cards at the fuel point-of-sale, employees are often able to overspend with their commercial fleet card products, or file fraudulent expense reports. Fraud detection and mitigation are essential to an enhanced customer relationship.

AI

The Fintech Times

AUGUST 13, 2024

Brazil and Mexico were the most affected, recording millions of phishing attempts aimed at stealing financial data and credentials. It’s important to remember that these attacks — stemming from a new and emerging technology — are taking place in an area struggling to fight back against other types of fraud.

AI

Fintech News

OCTOBER 28, 2024

Wimika RMS Technologies Ltd (Nigeria) The Wimika team is composed of seasoned professionals with diverse, yet complementary, expertise covering cybersecurity, software engineering, product management, insurance, fintech, digital fraud prevention, risk management, legal and leadership.

FinTech

Seon

JANUARY 29, 2024

This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business. What Is Account Takeover Fraud? In layman’s terms, users may refer to account takeover fraud as account hacking – when they realize someone stole their online credentials.

Account Takeovers

PYMNTS

MAY 6, 2020

Many banks use AI to double-check consumers’ credentials on the back end, but this has security drawbacks when the algorithms can access only outdated or weakly verified information, such as when accounts are created and customer information is seen for the first time. Technology is only as good as the data it is allowed to access, however.

Fraud Prevention

PYMNTS

FEBRUARY 20, 2020

Fraud prevention and identity verification firm Kount is launching Email First Seen, a tool that serves as an indicator of email trust, the company announced on Thursday (Feb. The network consists of fraud and trust signals from over half a billion email addresses, 32 billion interactions and 17.5

Fraud Prevention

PYMNTS

NOVEMBER 26, 2019

Against that backdrop, bad actors are changing their strategies to gain access to users’ online bank credentials. FIs must ensure that their analytics and business intelligence efforts are constantly recalibrated, with an eye on fraud detection, user friction and false positives. Fraud is not static, said Srinivasan.

Real Time Payments

The Fintech Times

OCTOBER 21, 2024

iDenfy , a Lithuania-based identity verification and fraud prevention software provider, has launched a new ‘Bank Verification’ solution, designed to enhance the customer onboarding process.

Verification

PYMNTS

JANUARY 8, 2020

In a new PYMNTS interview, Karen Webster talked with Yinglian Xie, CEO and co-founder of DataVisor , about some of the new trends in fraud, and why the travel industry is a big target for increasingly sophisticated criminals. Fraud Types. They are just in the early stages of realizing that nobody is immune to (fraud),” she noted.

Fraud Detection

PYMNTS

MAY 20, 2020

False positives are the bane of fraud fighters everywhere, as they penalize legitimate customers due to the behavior of bad actors illicitly armed with credentials, card numbers and accounts. Turning away a good order is so damaging,” Rich Stupp y, chief customer experience officer at Kount, told PYMNTS. Data Theft Ruining Appetites.

Fraud Prevention

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. Fraud transaction monitoring’s scope is narrow.

Transactions

Seon

MAY 8, 2024

Additionally, it can swiftly detect suspicious emulators or virtual machines frequently utilized by fraudsters in account takeover schemes and phishing attempts to trick users into revealing their login credentials. This is where you can integrate residential proxy detection to bolster bot attack mitigation.

Online and Mobile Banking

Clearly Payments

JANUARY 8, 2024

Additionally, leveraging advanced fraud detection tools and machine learning algorithms in real-time helps analyze transaction patterns and differentiate between legitimate and potentially fraudulent activities. Empowering customers to be vigilant about their own security is another key aspect.

Risk Management

Segpay

MARCH 10, 2025

Evaluate transaction fees, chargeback policies, and currency conversion rates to prevent unexpected expenses and optimize revenue retention. Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Implement real-time fraud detection and chargeback management to enhance security.

Payment Gateways

PYMNTS

DECEMBER 18, 2019

Many of these schemes take the form of clean fraud or friendly fraud — which sound innocuous, but are actually never-ending threats that many fraud-fighting systems are ill-equipped to counter. For more on these and other digital fraud news items, download this month’s Tracker.

AI

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Long-running synthetic ID schemes have illuminated gaps in FIs’ traditional fraud-fighting measures.

Credit Union

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. These security measures enhance consumer trust and confidence in digital payment systems. What makes online payment gateways unique?

Digital Payments

PYMNTS

JANUARY 16, 2020

Fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. The platform now offers real-time authentication, as well as fraud detection tools that examine voice and other biometric factors.

AI

FICO

APRIL 29, 2022

For banks, and consumers too, that translates into more risk exposure and a much larger payment fraud challenge. Here are some steps consumers and fraud professionals can take to bolster their fraud prevention efforts. How FICO's Fraud Detection Capabilities Can Help Your Organization Fight Retail Payments Fraud.

Retail Payments

Segpay

OCTOBER 18, 2023

Infiltration: Criminals gain access to the payment processing system of the legitimate business by hacking into the merchant’s system, using stolen credentials, or bribing fraudulent employees. It can have severe legal and financial consequences for all parties involved.

Transactions

Nanonets

SEPTEMBER 27, 2024

These pain points span across various aspects of insurance operations, from customer experience and fraud prevention to operational efficiency and regulatory compliance. Fraud Detection    Automation aids in identifying and flagging suspicious patterns through data analytics and real-time monitoring.

Process

PYMNTS

OCTOBER 11, 2018

Their systems can spot fraud in a single instance, such as a user trying to break into the system with stolen credentials. The fraud detection system obviously needs to first stop the attempted break-in at that single touchpoint.

Credit Union

Clearly Payments

JULY 16, 2024

Fraud Rate by Industry in 2023 Credit card fraud is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates. ATO fraud increased by 72% in 2023, with losses totaling $11.4 In 2023, 83% of financial institutions reported an increase in phishing attacks.

Risk

FICO

MARCH 22, 2022

They can use automated tools to mount mass attempts to access accounts with credential stuffing. Account Takeover Fraud – No Single Fix. The complexity of account takeover fraud means that financial institutions have to take a layered approach to prevention and detection. by Sarah Rutherford.

Account Takeovers

FICO

JANUARY 10, 2023

Innovative Customer Communications for Fraud. Detecting possible fraud is important, but what you do with that suspicion may matter even more. Taking the most strident fraud prevention actions might seem the intuitive answer but suspicion is often unfounded, and most customers are not fraudsters.

Scams

Seon

JUNE 21, 2023

These help customers who are rightly using different combinations of usernames and passwords track their various login credentials, helping combat ATO attacks, which are especially dangerous in the context of VCC fraud.

Credit Cards

FICO

JANUARY 19, 2022

As my colleague Matt Cox recently blogged , an enterprise fraud approach delivers a composite view of a customer’s inflow and outflow activity by breaking down traditional silos of credit, debit, deposits and payments (person-to-person, mobile, wire transfers, ACH and more), adding application fraud detection to that view.

Financial Crimes

PYMNTS

APRIL 24, 2018

When someone becomes a victim of ATO, they lose more than money and login credentials — they lose confidence. First, these attacks can have a rolling effect: Once a fraudster gains access to a consumer’s credentials at one eCommerce merchant, he holds the key to a potential myriad of other digital stores at which to exploit them.

Breach

The Payments Association

DECEMBER 2, 2024

The payments industry in 2024 saw rapid evolution, marked by the growing adoption of real-time payments, advances in AI-driven fraud detection, and significant progress in Central Bank Digital Currencies (CBDCs). Enhancing everything from fraud prevention to personalised payment experiences.

Embedded Finance

Segpay

DECEMBER 19, 2024

Improved User Experience IDaaS solutions enhance the user experience by providing single sign-on (SSO) capabilities, which allow users to log in once and gain access to multiple applications without needing to re-enter credentials. This streamlines the login process, reduces password hassles, and improves productivity.

Verification