EBizCharge

FEBRUARY 26, 2025

Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS). Security and compliance: Look for PCI-compliant gateways with fraud prevention tools.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. Employee and customer education is the first defense banks should leverage to prevent attacks, she said. I got an email just recently that said that my Social Security number had been frozen and to click ‘this link’ to unfreeze it.”.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

Payments Source

AUGUST 14, 2017

Companies involved in content sharing or social media are seeing fraudsters try to create new accounts for their sites with fake credentials through bot attacks.

Fraud Prevention 62

Fraud Prevention Bots Credential Accounts 62

Accertify

MAY 30, 2023

How can you minimize fraud while providing an excellent customer experience to legitimate customers? Here are four fraud prevention services that help with just this scenario. Or is a fraudster hiding behind stolen customer credentials? Or you can let the purchase go through and risk fraud losses.

Fraud Prevention 52

Fraud Prevention Blocks Breach Data Breach 52

Stax

MAY 5, 2025

Obtain the necessary API credentials API stands for Application Programming Interface. To get started, you need to generate the API credentials from the payment gateway provider. Next, create an account with the payment gateway provider and obtain necessary API credentials.

Payment Gateways 88

Payment Gateways Gateways Payment APIs and Integration Multi-Currency 88

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. AI systems can prevent these attacks and are inexpensive when compared to the cost of human fraud prevention teams.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

The Payments Association

APRIL 23, 2025

To address the money mule problem, organisations must combine elements of fraud prevention, cyber threat intelligence, and anti-money laundering capabilities. Heres an example of this convergence: A small incoming transfer is scored as high risk by the fraud prevention system. Is AML a real-time problem?

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

Fintech Finance

JUNE 24, 2024

Under the partnership, Lloyds Banking Group and Visa plan to launch a series of market-leading, innovative products and services across the Group’s brands to help customers best manage their financial and lifestyle needs with the agreement also enabling even greater use of Visa’s fraud prevention capabilities.

Debit Card 97

Debit Card Credit Cards Fraud Prevention Credential 97

PYMNTS

NOVEMBER 16, 2020

Leslie Ragan manages transaction fraud prevention for Elan Financial Services , a unit of U.S. In an interview with PYMNTS, Ragan said technology developments have enhanced the industry’s fraud-fighting strategies, but customer awareness is still a critical component of preventing bad actors from succeeding.

Identity Theft 118

Identity Theft Credential Account Takeovers Fraud Prevention 118

PYMNTS

NOVEMBER 22, 2019

In the good old days of brick-and-mortar, a fraud was limited by proximity — to defraud a merchant, they had to visit the merchant’s establishment. In the era of eCommerce worldwide, a fraudster with a boosted payments credential can appear on one’s digital doorstep ready to defraud from just about any place on the planet.

Issuers 62

Issuers Fraud Prevention Credential Security 62

PYMNTS

MARCH 29, 2017

XOR Data Exchange , Austin-based data and analytics startup, just recently introduced a new resource for online retailers to fight the account takeovers as the number data breaches that include account login credentials grows. Along with growing number of data breaches , cases of card-not-present (CNP) fraud have increased both in the U.S.

Fraud Prevention 40

Fraud Prevention Account Takeovers Identity Theft Data Breach 40

Fintech News

MAY 8, 2024

Key benefits of the VAAI Score include enhanced fraud prevention and reduced operational losses by detecting complex enumeration patterns swiftly. Michael Jabbara “With access to advanced technology, fraudsters are monetising stolen credentials faster than ever before.

Bots 113

Bots AI Issuers Fraud Prevention 113

PYMNTS

JUNE 23, 2020

Reducing fraud is critical, as fraudsters look toward new avenues of stealing credentials and draining accounts. And securing those credentials will mean that, eventually, the payments ecosystem will revolve around eCommerce “IDs” that consumers can take with them no matter where or with whom they transact, across borders and devices.

Credential 110

Credential Issuers Breach RTP 110

The Fintech Times

DECEMBER 18, 2023

Rise in social engineering Doriel Abrahams, head of risk, Forter Doriel Abrahams , head of risk at payment optimisation and fraud prevention platform Forter, also expects social engineering will “take a giant leap forward” in 2024. Our expectation is that social engineering attacks will only increase further in 2024.”

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

FEBRUARY 24, 2020

But even restaurants that are leveraging mobile ordering are being faced with more avenues for fraud to enter. Deep Dive: How AI Helps QSRs Stop ATOs And Credential Stuffing. Account takeovers, credential stuffing and other techniques are running rampant in the QSR scene, but fortunately, tools like AI can help curb these abuses.

Account Takeovers 85

Account Takeovers Credential AI Fraud Prevention 85

Finextra

JUNE 26, 2025

This observation highlights that fraud prevention strategies are not solely about protecting immediate revenue streams but are also critically important for maintaining brand integrity and fostering customer loyalty, which represent intangible yet vital long-term assets. 03 July E-Commerce on social media and Fraud Prevention.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

Fintech Finance

JUNE 12, 2024

Enhanced fraud prevention measures, including biometric authorisation and verified payment credentials, further ensure the integrity and security of every transaction.

Economy 98

Economy AI Payment APIs and Integration Fraud Prevention 98

Clearly Payments

NOVEMBER 6, 2024

When a transaction request is routed to the issuer, it verifies the cardholder’s credentials, checks for sufficient funds or credit, and approves or declines the transaction. Issuing Bank (Cardholder’s Bank) : The issuer is the financial institution that provides the consumer with a payment card (credit, debit, or prepaid).

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

Payments Source

OCTOBER 26, 2016

If online merchants can keep their sites secure, they stand to make big gains from a consumer base that is overwhelmingly willing to play its part in protecting payment credentials.

Security 96

Security Credential Consumer End User 96

Finextra

JUNE 26, 2025

This observation highlights that fraud prevention strategies are not solely about protecting immediate revenue streams but are also critically important for maintaining brand integrity and fostering customer loyalty, which represent intangible yet vital long-term assets. Online Seller Verification and Customer Review Fraud Prevention.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

Fi911

JULY 8, 2024

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. By assisting merchants in implementing effective fraud prevention measures, acquiring banks can reduce potential losses and enhance trust in the payment ecosystem.

Account Takeovers 105

Account Takeovers Fraud Detection Phishing Fraud Prevention 105

PYMNTS

JANUARY 27, 2020

Businesses need employees to build and promote their products, but they cannot afford to have those workers weaken their security, meaning fraud prevention must be among firms’ top priorities. Fighting the Phishers.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

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. Credential stuffing is a common attack in part because it takes advantage of the tendency of individuals to reuse usernames and passwords.

Credential 65

Credential FinTech Deepfake Fraud Detection 65

The Fintech Times

MAY 9, 2024

Putting a stop to billions of dollars of fraud Michael Jabbara , SVP global head of fraud services at Visa, also commented: “With access to advanced technology, fraudsters are monetising stolen credentials faster than ever before. ” At Visa, security and reliability are top priorities year-round.

AI 111

AI CVV2 Issuers Compromise 111

PYMNTS

JANUARY 28, 2021

The latest Digital-First Banking Tracker® done in collaboration with NCR , notes that “FIs are devoting more money than ever to fraud prevention as more consumers go digital. It’s a situation demanding action. Much of this is caused by criminals sensing opportunity. It’s on banks to deter them.

Federal Trade Commission 97

Federal Trade Commission Scams Account Takeovers Fincen 97

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 54

Fraud Prevention Cybersecurity AI Disputes 54

Finextra

JULY 7, 2025

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses. It also means fewer false declines during purchases.

AI 72

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 72

PYMNTS

MAY 20, 2020

As Rahul Pangam , vice president of risk strategy at PayPal’s fraud prevention company Simility , told Karen Webster in an interview, “fraudsters are fraudsters — and sometimes they get new avenues to do what they do. Unfortunately, this current environment presents some of those opportunities.”.

Issuers 83

Issuers Fraud Prevention Online and Mobile Banking Rules 83

PYMNTS

FEBRUARY 28, 2020

File hosting service Dropbox is devoting substantial efforts to its fraud prevention measures, seeking to protect its more than 600 million users — who have 400 billon stored files, and upload 1.2 The number-one thing that we see is compromised credentials from another service being used against us,” he explained.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

MAY 28, 2020

“As Kount broadens both its merchant and banking relationships, it is perfectly positioned to access all the dimensions of fraud activity enabling it to further expand its already highly-ranked fraud platform.”. As fraud threats evolve, we will continue to advance our products to protect our customers.”. Kount placed No.

Fraud Detection 52

Fraud Detection Fraud Prevention Account Takeovers Bots 52

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 72

Fraud Prevention Money Laundering AI Identity Theft 72

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 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117

PYMNTS

MARCH 18, 2020

Fraud is a perennial concern for quick-service restaurants (QSRs), and digital channels open ample new avenues for cybercrime, with hackers targeting restaurants for their cash, data and even customers’ loyalty points. Digital And Analog Fraud Prevention.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. There were 85.42 billion such attacks between December 2017 and November 2019, 16.55 billion of which targeted APIs, and of these attacks, 463.3

MFA 96

MFA Risk Security API 96

The Paypers

FEBRUARY 8, 2017

(The Paypers) Palo Alto Networks has announced advancements to its Next-Generation Security Platform that provide customer organizations with the ability to prevent the theft and abuse of stolen credentials.

Fraud Prevention 28

Fraud Prevention Credential Security 28

PYMNTS

SEPTEMBER 24, 2020

At the same time, online businesses actually invested less in fraud prevention tools as their general budgets tightened due to external pressures. Every recession leads to an increase in fraud ,” he said. And they also know that companies have fewer resources to defend themselves against fraud.”. People are desperate.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

Open Banking Excellence

JULY 8, 2025

However, this may largely be an excuse, with fraud prevention measures used to delay payments handled by new payment services. One of them said to me, “Every time a customer provides their credentials, the aggregator goes in and changes the data.”, which is incorrect, most APIs used are read-only.”

Regulations 130

Regulations Payment APIs and Integration CFPB API 130