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 104

Process Processors Payments Compliance 104

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 88

Payments Trends Financial Crimes Cross-Border Payments 88

The Payments Association

APRIL 8, 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 88

Fraud Detection Fraud Prevention Scams Participant 88

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

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 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

Trade Credit & Liquidity Management

MAY 27, 2025

As the global marketplace grows more interconnected and transactions shift online, businesses face an unprecedented wave of commercial fraud attempts, from sophisticated “bust-out” schemes to synthetic identity fraud that blends real and fabricated data.

Fraud Prevention 52

Fraud Prevention Fraud Detection Verification Risk Assessment 52

Clearly Payments

NOVEMBER 18, 2024

Fraud Prevention Specialists Responsibilities: Monitor transactions for fraudulent activity and implement fraud prevention measures. Skills Required: Experience with fraud detection tools and an understanding of common fraud patterns.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Fintech News

FEBRUARY 18, 2024

But with innovation comes risk – especially around identity verification and fraud prevention. By implementing Sumsub’s no-code identity verification platform, dtcpay simplified Know Your Client (KYC) and onboarding to provide a smooth, secure user experience. Why Sumsub?

Verification 120

Verification Travel Rule Multi-Currency Compliance 120

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 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

CB Insights

JULY 9, 2021

Unit21 , a fraud prevention platform, has raised $34M in Series B. California-based Unit21 is a no-code fraud detection software with use cases across transaction monitoring, identity verification, case management, operations management, analytics, and reporting. Capital, and South Park Commons. Want the full post?

Fraud Detection 72

Fraud Detection Fraud Prevention Use Case Verification 72

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.

Finance 59

Finance Security Fraud Detection Encryption 59

The Payments Association

MARCH 25, 2025

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

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. Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

Neopay

JANUARY 30, 2025

Many firms struggled to retrieve proof of ID and address documentation, especially when third-party identity verification services were used. Refine detection tool thresholds Adjusting fraud detection parameters can help identify mule activity across all stages of fund movement.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

Fintech Finance

JUNE 5, 2024

Sumsub , a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey.

Fraud Prevention 52

Fraud Prevention Verification Visa Mitigation 52

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.

Process 95

Process Verification Money Laundering AML 95

Fintech News

FEBRUARY 19, 2025

LexisNexis Risk Solutions, part of RELX, has completed its acquisition of IDVerse , an AI-driven identity verification and fraud detection provider. IDVerse, founded in Australia in 2018, specialises in document authentication and biometric identity verification. The terms of the deal were not disclosed.

Risk 79

Risk Deepfake Fraud Detection Fraud Prevention 79

Fintech News

JUNE 5, 2024

Sumsub, a global verification platform, has announced its partnership with the Mastercard Engage Partner Programme. By joining the Engage Programme, Sumsub aims to streamline customer onboarding, reduce fraud risks, and foster trust, ultimately improving the digital experience for end-users.

Visa 109

Visa Product Fraud Detection Fraud Prevention 109

The Payments Association

DECEMBER 2, 2024

In 2024, payments regulation underwent seismic shifts, with reforms spanning fraud prevention, digital innovation, and consumer protection, collectively redefining the industry’s future. PSPs were required to enhance their fraud detection and prevention systems to mitigate potential losses.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

The Fintech Times

SEPTEMBER 19, 2024

Identity verification platform ID-Pal will have its AI-powered technology integrated into, B-Corp-certified issuer processing platform, CLOWD9 ‘s payment solutions portfolio. The partnership will see ID-Pal provide CLOWD9 with identity verification processes during the payment transaction ensuring users’ data is kept safe.

Verification 64

Verification Process AML Fraud Detection 64

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. The acquisition will enhance LexisNexis Risk Solutions’ ability to combat emerging threats such as AI-generated fraud and deepfakes. Terms were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

Fraud.net

MARCH 29, 2024

Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.

Fraud Detection 52

Fraud Detection Fraud Prevention Identity Theft Account Takeovers 52

The Payments Association

OCTOBER 23, 2024

By leveraging advanced screening tools and AI-driven insights, businesses can significantly reduce identity verification costs while minimizing customer friction—resulting in lower acquisition costs and higher satisfaction for legitimate users.

Fraud Prevention 88

Fraud Prevention Fraud Detection Best Practices AML 88

Payments Source

JUNE 16, 2020

In response to fraudsters seeking to capitalize on the COVID-19 influenced surge in e-commerce, Ekata has launched a new global digital ID verification tool to combat cybercrime.

Verification 112

Verification Fraud Detection Fraud Prevention Payments 112

Fintech Finance

MARCH 4, 2025

Both financial institutions and regulators have put fraud prevention and detection in the forefront for 2025. Fraud was ranked as one of the top three priorities for 2025 among payment organisations surveyed in Vixios 2025 Payments Compliance Outlook.

Fraud Prevention 52

Fraud Prevention Deepfake Scams Fraud Detection 52

Stax

MARCH 4, 2025

TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Ensure your payment gateway has fraud detection tools in place to flag any suspicious transactions. Need to integrate payments?

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Fintech Finance

MAY 29, 2024

Form3 , the cloud-native account-to-account platform, today announces that Currencycloud , a Visa solution focusing on simplifying business in a multi-currency world, has selected them to provide account verification technology to support Confirmation of Payee (CoP) activity, designed to reduce fraud in the UK.

Payee 52

Payee Fraud Detection Fraud Prevention Multi-Currency 52

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Multifaceted approaches to fraud prevention Effective fraud prevention now requires a combination of technological and human intelligence, transcending traditional security models.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

Clearly Payments

MARCH 14, 2025

Stage 2: Authentication and Security To prevent fraud, security measures are incorporated: EMV Chip Technology : EMV chips provide dynamic encryption for each transaction, making it harder to counterfeit cards. Fraud Detection Reports : Analyze suspicious transactions using AI-driven fraud detection systems.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

EBizCharge

MARCH 18, 2025

A secure payment processing provider for Sage 100 will also give merchants access to fraud detection and prevention tools, 3D Secure, chargeback management, and more. By protectin g payments in Sage 100, your company can reduce the risk of data breaches and fraud, ensuring a secure experience for all parties involved.

Credit Cards 52

Credit Cards Process Security Data Breach 52

Fraud.net

JUNE 27, 2024

Explore emerging fraud prevention trends in response to rising digital threats in finance and how these redefine the fight against AI fraud.

Fraud Prevention 52

Fraud Prevention AI Finance Fraud Detection 52

Stax

JANUARY 21, 2025

Ensure the gateway offers PCI DSS compliance, encryption, tokenization, and fraud prevention tools to safeguard transactions. Fraud prevention features – Look for additional fraud prevention features like fraud detection, address verification, chargeback protection, and IP geolocation to enhance protection from fraud.

Payment Gateways 88

Payment Gateways Gateways PCI DSS Payment APIs and Integration 88

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. The global market for fraud detection and prevention solutions is expected to reach over $50 billion this year.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

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. Understanding the Scope of Financial Crimes.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

FICO

MARCH 10, 2022

One of the most interesting takeaways for me is that banks have an opportunity for proactive, personalized customer communication, in the channel of their choice, to provide fraud detection and fraud prevention, as well as to manage fraud cases so that they can be bought to a conclusion more quickly and with a better customer experience.

Fraud Prevention 52

Fraud Prevention Fraud Detection Authentication Debit Card 52

Fintech Review

MAY 4, 2025

KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. Alloy A flexible KYC and fraud prevention platform that helps fintechs and banks automate onboarding and monitor customer behaviour in real time. Best for : Finance teams aiming to improve DSO and cash flow forecasting.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

EBizCharge

JANUARY 14, 2025

Fraud detection and prevention are critical features of a payment gateway. Effective fraud prevention boosts customer trust and loyalty. Thus, AI-powered fraud detection is on the rise. Strong encryption builds trust with customers and reduces the risk of data breaches.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking 52