The Payments Association

DECEMBER 10, 2024

As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven fraud detection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

The Payments Association

OCTOBER 22, 2024

According to the Payment Systems Regulator (PSR) , the volume of APP fraud cases rose by 12% last year. This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

The Payments Association

APRIL 7, 2025

Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. The existing technical mechanisms, like MFA and biometrics, will not be able to prevent this type of fraud.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88