EBizCharge

JULY 16, 2024

As transaction volumes or the complexity of the ACH services increase, institutions or service providers must enhance their fraud detection and prevention mechanisms. Entities handling this information must ensure storage and transmission encryption, preventing unauthorized access and potential breaches.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

Nanonets

SEPTEMBER 25, 2024

Pattern recognition and fraud detection using ML Flagging duplicate files Machine Learning (ML) models analyze historical transaction data to detect fraud and recognize patterns in spending behavior. Encryption ensures data security both when stored and when transmitted. 

Process 52

Process AI Best Practices Reconciliation 52

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). As fraud detection and prevention technologies become more advanced, attackers adapt their tactics to exploit the weakest point in the security chain: the identity holder.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

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

Segpay

DECEMBER 19, 2024

These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment. It offers a comprehensive IDaaS platform that includes document verification, biometric authentication, and fraud detection services.

Verification 104

Verification Authentication MFA Compliance 104

EBizCharge

MAY 12, 2025

This comprehensive guide will walk you through everything you need to know about secure payment processing systems, from how they work and why encryption and tokenization matter to practical steps for avoiding chargebacks and choosing the best gateway.

Process 52

Process Security Payment Gateways Encryption 52

EBizCharge

MARCH 21, 2025

Fraud detection and risk management Fraud detection and risk management are also significantly enhanced through AI-powered systems. Fraud detection: AI helps identify fraudulent activity by analyzing patterns and flagging suspicious transactions, enhancing risk management.

AI 52

AI Accounts Fraud Detection Audit 52

EBizCharge

FEBRUARY 13, 2025

A reliable payment processing solution should include advanced security measures such as tokenization and encryption, which replace credit card data with a secure token to prevent exposure of sensitive information and safeguard payment data during transmission, making it nearly impossible for hackers to intercept or misuse it.

Processors 52

Processors Payment Gateways Duplicate Disputes 52