The Payments Association

MAY 21, 2025

We’re excited to share that Lynx has won the Anti-Fraud Solution of the Year award at the 2025 FSTech Awards, a celebration of financial services innovation in the UK and EMEA. Financial institutions (FIs) grapple with complex, interconnected fraud and financial crime challenges. The results are clear.

Fraud Prevention

Fintech News

DECEMBER 10, 2024

Swift, the global financial messaging service provider, is collaborating with Google Cloud to develop innovative anti-fraud technologies. This approach enhances fraud detection capabilities while ensuring data confidentiality.

SWIFT

Clearly Payments

OCTOBER 30, 2024

Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.

International Payments

The Fintech Times

NOVEMBER 16, 2024

To this end, 65 per cent of merchants plan to invest in artificial intelligence (AI) over the next 12 months, recognising its role in real-time fraud detection and improved payment performance. . One of the main reasons for this is that 63 per cent of merchants believe this is their main challenge for the year ahead.

Fraud Prevention

The Payments Association

MAY 16, 2025

As digital payments evolve, AI is reshaping fraud prevention with real-time insights, adaptive controls, and improved security across financial systems. Unfortunately, older fraud detection methods often cant keep up with todays fast-moving threats. And the risks are real. One powerful method is advanced graph analysis.

AI

Bank Automation

FEBRUARY 3, 2025

Mastercards deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The tool processes 143 billion transactions annually and uses generative AI to scan 1 trillion […] The post Mastercard taps gen AI for fraud prevention appeared first on Bank Automation News.

Fraud Prevention

The Payments Association

JANUARY 3, 2025

A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. It highlights the necessity of advanced fraud detection and greater industry collaboration. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection

Fintech Finance

MARCH 5, 2025

HPS , a leading global provider of payment software and solutions, and Enigma , a global leader in artificial intelligence enabled entity resolution and decision-making, today announced a strategic collaboration to deliver cutting-edge AI fraud detection models to businesses worldwide.

Fraud Detection

Fintech Finance

DECEMBER 11, 2024

The challenge: Traditional fraud detection is falling behind The lack of visibility across the payment lifecycle creates vulnerabilities that can be exploited by criminals. A collaborative approach to fraud modeling offers significant advantages over traditional methods in combating financial crimes.

SWIFT

The Payments Association

DECEMBER 10, 2024

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. These tools leverage machine learning algorithms to continuously learn and adapt, enabling them to spot evolving fraud tactics that may otherwise go undetected by static rule-based systems.

AI

The Payments Association

JANUARY 21, 2025

Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered fraud detection, and the continued digitalisation of payment platforms.

Payments Trends

The Payments Association

FEBRUARY 10, 2025

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness.

Crime

Fintech News

MARCH 24, 2025

Crypto fraud rate, %, Source: State of the Crypto Industry 2025, Sumsub, Feb 2025 According to the report, these results can largely be attributed to advancements in fraud prevention technologies, with innovations like biometrics checks and artificial intelligence (AI)-backed automation significantly enhancing security and fraud detection.

APACS

Trade Credit & Liquidity Management

JULY 24, 2025

Improved compliance and fraud prevention: ISO 20022’s richer message format enables banks to comply with sanctions, anti-money laundering, and fraud detection requirements by providing structured, comprehensive payment details, making these processes more efficient and accurate.

FedWire

The Fintech Times

MARCH 19, 2025

As well as bank cards, an increasing number of people are using smartphones and watches to make contactless payments Having a contactless limit is important in terms of fraud prevention, but we believe overall limits and the number of times a customer needs to enter a PIN should be determined by industry rather than the regulator.

Contactless Payments

The Payments Association

OCTOBER 28, 2024

It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. What’s next? million.

Scams

The Payments Association

MAY 16, 2025

Security, tokenisation, and fraud prevention: Security remains paramount in payment operations. Additionally, orchestration platforms deploy AI-powered fraud detection tools to analyse real-time behavioural data, enabling them to flag suspicious activity proactively. This supports robust risk management strategies.

Transactions

Fintech Finance

NOVEMBER 14, 2024

65% of merchants plan to invest in artificial intelligence (AI) over the next 12 months, recognising its role in real-time fraud detection and improved payment performance. ” Facing new realities: SEPA Instant As Europe’s SEPA Instant payment deadline approaches on 9 January 2025, industry readiness remains uncertain.

Payment APIs and Integration

The Payments Association

JULY 15, 2025

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Coupled with a culture of innovation and trust, this drives effective, customer-centred fraud prevention."

Financial Crimes

Finextra

JULY 7, 2025

This broad applicability in banking (from automating fraud reviews to generating customer communications) underscores how financial firms are integrating GenAI into their core workflows more aggressively than most. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.

AI

Finovate

APRIL 8, 2025

Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. Further, fraudsters are increasingly adept at circumventing and subverting rules-based AML and fraud detection strategies. The company was founded in 2018.

Financial Crimes

The Payments Association

JUNE 11, 2025

Modern platforms operate in an environment where 269 million card records were posted on dark web platforms in 2024 , and friendly fraud accounts for 75% of all chargeback losses. Consequently, the cost of fraud prevention now reaches $4.61 Consumer behaviour adds another layer of complexity to the fraud landscape.

Risk

The Payments Association

JUNE 16, 2025

It shows that forward-thinking merchants using diverse, strategic payment solutions gain clear advantages in cost control, fraud prevention, and customer experience. 29% of businesses find fraud prevention extremely challenging—making it the most severe concern across all payment-related issues. Why is it important?

Innovation

Fintech News

JUNE 17, 2025

Sumsub has expanded its fraud prevention capabilities by integrating advanced device intelligence from Fingerprint, a provider of real-time device signal analysis. The company also noted that the tool helps reduce false positives while improving fraud detection from sign-up through transactions and account changes.

Fraud Prevention

Fintech Finance

APRIL 24, 2025

In response, 96% of US banks back the implementation of a ‘confirmation of payee’ scheme to protect against fraud. Other fraud-fighting measures like AI (40%), real-time fraud detection (39%), and multi-factor authentication (35%) are also gaining traction.

Transaction Limits

The Payments Association

MARCH 19, 2025

Security & compliance risks: Meeting growing AML, fraud prevention, and regulatory demands is difficult with rigid, outdated infrastructure. Future-proof payment and banking infrastructure by implementing cloud-native, AI-driven automation, and Open API solutions that streamline payments and improve fraud detection.

Payment APIs and Integration

Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

Process

The Payments Association

JULY 29, 2025

AI is expected to play a role in enhancing fraud detection and data analytics, particularly through tools like Bottomline’s Message Vault, which supports reporting and data management. These benefits include improved transparency, fraud prevention, and operational efficiency.

ISO 20022

Finovate

APRIL 9, 2025

. “Our solution helps Security Bank deliver the experience their customers expect, while maintaining the highest standards of security and fraud prevention.” The technology combines robust security features with advanced fraud detection capabilities including as deepfake detection.

Security

Stax

APRIL 3, 2025

Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. Digital goods & services – Businesses that sell ebooks, software, and online courses should consider processors that support instant payouts and fraud detection.

Payment Solutions

Clearly Payments

AUGUST 8, 2025

Canada’s fraud rate is lower than that of the United States, but growth in organized fraud rings, AI-powered scams, and phishing attacks shows the threat is evolving. Canada’s 2024 Fraud Landscape Fraud in Canada has escalated in recent years, with 108,878 incidents reported to CAFC in 2024.

Credit Cards

The Payments Association

JULY 18, 2025

Building trust: security and fraud prevention As digital wallets proliferate, security remains a top concern. Protecting transactions against fraud and cyber threats is critical to building user confidence and supporting broader adoption. As new types of wallets emerge, security mechanisms must evolve accordingly.

Payments

The Fintech Times

FEBRUARY 14, 2025

Only by adopting more advanced fraud prevention techniques and multi-layered defences can businesses stay ahead of emerging threats and strengthen trust with their users.” As a result, a full 30 per cent of identity fraud attacks targeted social media in Q4, compared to a mere three per cent in Q1.

Deepfake

Fintech Review

MARCH 11, 2025

NYC, NYC, March 11th, 2025, FinanceWire Feedzai , the global leader in AI-native fraud prevention solutions, today announced the launch of ScamAlert, an innovative GenAI-powered fraud prevention agent built from a deep understanding of tactics fraudsters use to exploit consumers.

Scams

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms. What Is Cybertech?

Finance

Fi911

DECEMBER 3, 2024

One vital tool that should be in every merchant’s arsenal is the velocity check, also known as velocity control, a precise and dynamic fraud prevention measure. Velocity checks serve as an integral part of a comprehensive fraud prevention strategy.

Checks

The Payments Association

AUGUST 4, 2025

Advanced fraud prevention, real-time monitoring, and end-to-end encryption are now table stakes. By enabling access to sophisticated features—such as tokenisation, fraud detection, and alternative payment methods—without the cost and complexity that typically exclude SMEs, these partners help level the playing field.

Innovation