The Payments Association

MAY 16, 2025

These tokens are useless if intercepted, significantly mitigating the risk of data breaches. 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 88

Transactions PCI DSS Payments Multi-Currency 88

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4%

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

The Payments Association

FEBRUARY 10, 2025

Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence. Including structured data would help PSPs monitor and mitigate financial crime risks. Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

DECEMBER 2, 2024

PSPs were required to enhance their fraud detection and prevention systems to mitigate potential losses. This alignment is a crucial aspect of the regulator’s guidance (FG24/6), designed to assist PSPs in navigating the Amendment Regulations. The obligation to reimburse victims imposes a direct financial responsibility on PSPs.

Regulations 88

Regulations Instant Payments Consumer Protection Payments 88

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

Fintech News

FEBRUARY 10, 2025

Regulators need clear guidelines on accountability, particularly in cases of erroneous or harmful AI-driven decisions, such as wrongful fraud detection or unfair credit scoring. From fraud prevention to financial inclusion, its applications are vast and impactful.

AI 86

AI FinTech Fraud Detection Fraud Prevention 86

Fintech Finance

AUGUST 15, 2024

Sionic , a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store.

AI 97

AI Fraud Detection Technology Real Time Payments 97

The Fintech Times

MARCH 19, 2025

.” Fraud risks rise as limits increase Ryta Zasiekina, founder of payments firm CONCRYT While the potential for greater convenience is clear, Ryta Zasiekina, founder of payments company Concryt, warns that higher contactless limits could make fraud prevention more challenging.

Contactless Payments 98

Contactless Payments Consumer Security Fraud Prevention 98

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. What Is Cybertech? It also enables faster, safer innovation.

Finance 59

Finance Security Fraud Detection Encryption 59

Fintech News

APRIL 25, 2025

In the past year, digital document forgeries, often created with generative AI (genAI), increased by a staggering 244%, according to Entrusts 2025 Identity Fraud Report. Deepfakes now account for 40% of all biometric fraud detected. Similarly, Signicats 2024 report on AI-Driven Identity Fraud found that 42.5%

Deepfake 98

Deepfake APACS Account Takeovers Verification 98

Fintech Finance

FEBRUARY 17, 2025

For e-commerce leaders like Lili Bridals, tokenization and PCI-certified flows secure high-value transactions; for logistics giants like Zongteng, AI-driven fraud detection reduces chargebacks by 30%; and for advertising platforms such as Cheetah Mobile Inc, privacy-preserving frameworks reduce GDPR non-compliance risks by 99%.

Compliance 59

Compliance Payment Solutions Global Payments Risk 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 Fintech Times

MAY 10, 2025

AI is already transforming how we operate at Emirates NBDfrom document intelligence in trade finance to proactive fraud detection and intelligent customer interactions. Our focus is on responsible adoptionensuring transparency, mitigating bias in models, and continuously reviewing outcomes to maintain trust and control.

AI 91

AI Blockchain Online and Mobile Banking Privacy 91

The Paypers

OCTOBER 17, 2024

Swift has announced its plans to introduce a new AI-enabled fraud detection to support the global payments sector in mitigating fraudulent activities.

SWIFT 73

SWIFT AI Fraud Detection Mitigation 73

Fintech Finance

APRIL 1, 2025

It also strengthens fraud detection and risk management through AI-powered scoring and real-time monitoring, minimizing chargebacks while ensuring compliance with evolving regulations. ” With the November 2025 ISO 20022 deadline approaching, banks must act quickly to modernize their infrastructure.

Innovation 59

Innovation ISO 20022 Fraud Detection AI 59

Core

MARCH 19, 2024

The solution: robust government fraud detection mechanisms for payment systems. Here’s what compliance managers and auditors need to know to strengthen internal fraud prevention and safeguard public funds. When fraud persists for over five years, the average loss increases to $800,000.

Fraud Detection 52

Fraud Detection Governance Government Compliance 52

Fi911

DECEMBER 3, 2024

By setting a cap on the number of transactions a user can initiate within a specific period, velocity checks aid in reducing the incidence of fraud, thereby mitigating potential losses to merchants. An effective fraud prevention strategy would combine velocity checks with other fraud detection mechanisms.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52

Fi911

DECEMBER 19, 2023

This scale of fraud is challenging for systems dependent solely on human detection, especially considering the increasing volume of online transactions. Initially reliant on automated and rule-based systems, financial institutions are now turning to machine learning for more effective fraud detection.

Fraud Prevention 98

Fraud Prevention Fraud Detection Point-of-Sale (POS) Online and Mobile Banking 98

Fintech News

MAY 22, 2024

This enhanced capability allows Mastercard to detect complex fraud patterns and protect future transactions against emerging threats. The generative AI-based predictive technology has doubled the detection rate of compromised cards while simultaneously reducing false positives in fraud detection by up to 200%.

Compromise 122

Compromise Visa AI Fraud Detection 122

Finextra

FEBRUARY 16, 2024

Yogesh Patel, CTO, Outseer, discusses how the evolving capabilities of artificial intelligence are reshaping fraud detection and prevention, particularly in banking.

AI 89

AI Fraud Detection Mitigation Security 89

Fintech News

JANUARY 21, 2025

These AI applications also played a vital role in fraud detection, improving the banks ability to identify and mitigate risks effectively.

Fraud Detection 123

Fraud Detection Non-Bank Mitigation AI 123

Fintech Finance

SEPTEMBER 26, 2024

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Acquirers 98

Acquirers Financial Crimes Fraud Detection Crime 98

Segpay

FEBRUARY 21, 2024

Generative AI in Digital Payments: Enhanced Fraud Detection: Generative AI improves the security of digital payments by enhancing fraud detection mechanisms. This makes real-time detection and prevention possible. Fraud Detection Generative AI contributes to fraud detection and prevention in KYC processes.

AI 105

AI Innovation Fraud Detection Encryption 105

PYMNTS

JULY 3, 2020

Customers confirming transactions is the most effective fraud-mitigation tool in terms of building [an] acceptable history for that customer and being able to develop what their patterns will be,” Mejia said. .

Fraud Detection 72

Fraud Detection Transactions ATM Consumer 72

PYMNTS

NOVEMBER 12, 2019

PULSE , the debit/ATM network that operates as a Discover Financial Services company, said in a press release that it has adopted the FICO Falcon Platform to bring new fraud detection services to its network of more than 4,100 debit issuers. Among the features is real-time scoring. percent in 2017 to 6.7 billion transactions.

Fraud Detection 40

Fraud Detection Debit Network Issuers Risk Mitigation 40

Fintech News

OCTOBER 15, 2024

Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally. By incorporating features like document verification, face matching, and fraud detection, HashKey has improved verification speed while maintaining compliance with regulatory standards.

Verification 113

Verification Fraud Detection Money Laundering Compliance 113

PYMNTS

MAY 7, 2018

Accelerating payments mean financial institutions have less time to identify fraud before a transaction clears and settles. FIs are kept on their toes to mitigate this risk. In its analysis of the Same-Day ACH rollout, NACHA found no evidence that it led to an increase in fraud attempts or successful breaches.

Same Day ACH 47

Same Day ACH Fraud Detection ACH NACHA 47

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

Stax

MARCH 11, 2025

Small businesses lacking the negotiating heft of prolonged history (and even more established businesses) can focus on minimizing fraud and chargebacks as a way to reduce payment processing costs. Good providers will equip you with advanced fraud detection tools and robust mechanisms for reducing and preventing chargebacks.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Fintech Finance

MARCH 3, 2025

Antom Shield: Advanced AI for risk mitigation and fraud prevention Antom Shield is an intelligent risk solution that strengthens fraud detection while helping merchants boost order conversion rates and drive growth. Real-time transaction scanning with millisecond-level risk decision.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Risk Management 52

The Payments Association

MAY 28, 2025

Dialects team of experts utilises advanced analytics capabilities to identify and mitigate potential risks, reducing the likelihood of fraud and financial crime. This service enables payment providers to focus on their core business operations while allowing our team to help ensure compliance and security.

Transactions 88

Transactions Fraud Detection Financial Crimes Crime 88

The Paypers

OCTOBER 18, 2022

Global Processing Services (GPS), a global payments technology platform and provider of adaptive behavioural analytics for fraud detection and risk management company, Featurespace , have partnered to create a market issuer processing fraud mitigation solution.

Fraud Detection 36

Fraud Detection Mitigation Issuers Risk Management 36

The Fintech Times

FEBRUARY 15, 2025

Other announcements Mozn unveiled new AI-powered fraud prevention tools as part of its FOCAL Risk and Compliance platform. The enhancementsdevice fingerprinting, fraud analytics, and fraud management-as-a-service (FMaaS)offer businesses real-time fraud detection and risk mitigation capabilities.

Innovation 64

Innovation Fraud Prevention AI Compliance 64

The Fintech Times

DECEMBER 9, 2024

“Implementing comprehensive risk management strategies and diversifying technological dependencies are essential steps to mitigate the impact of unforeseen incidents, thereby maintaining the stability and reliability of payment systems.

Payment APIs and Integration 102

Payment APIs and Integration Online and Mobile Banking AI Financial Inclusion 102

Fintech Review

MAY 7, 2024

This significant shift enables faster and more precise evaluations of potential risks, effectively transforming the methodologies financial institutions use to manage and mitigate these risks. It is essential to mitigate these risks to prevent potentially devastating impacts. It also enhances trading strategies significantly.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

The Payments Association

NOVEMBER 20, 2024

Why are AI tools especially effective at fighting fraud? The technology is gaining traction because these tools excel at fraud detection in several ways. First, AI tools have much higher throughput than manual or non-software-based detection methods. For example, say you have an AI fraud solution configured to parse text.

AI 88

AI Fraud Detection Identity Theft Account Takeovers 88

Stax

DECEMBER 9, 2024

Learn More Steps you can take to reduce chargebacks To mitigate the impact of chargebacks and protect their businesses, merchants should take proactive measures. Strengthen Fraud Prevention Measures Implement robust fraud detection and prevention systems to minimize the occurrence of fraudulent transactions.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88