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

The Payments Association

JULY 15, 2025

Justin Clements Director of PR and media relations, Chargebacks911 "As fraud becomes increasingly sophisticated, payments leaders must shift from reactive controls to intelligent, pre-emptive strategies. Modern fraud prevention extends beyond loss mitigation itself.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Deepfake 88

EBizCharge

NOVEMBER 12, 2024

It’s important for these businesses to work with experienced MSPs who understand their unique needs to mitigate account closures and additional penalties. This flexibility can also increase sales for eCommerce businesses, as cart abandonment rates can be high due to limited payment choices or complicated checkout procedures.

Accounts 52

Accounts MSPS Online and Mobile Banking Debit Card 52

Stax

NOVEMBER 14, 2024

There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. Here are some ways to avoid chargebacks at your company, or at the very least, avoid excessive penalties from chargebacks: Follow proper credit card processing procedures.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

The Payments Association

JUNE 16, 2025

The findings show that it’s technically possible, but with significant challenges surrounding fraud detection, data sharing, and usability. Retailers and service providers may favour synchronous models to mitigate payment disputes. Secure Elements offer partial mitigation, but are not infallible.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Clearly Payments

NOVEMBER 18, 2024

Effective chargeback management mitigates these risks while protecting your bottom line and customer relationships. Fraud Prevention Specialists Responsibilities: Monitor transactions for fraudulent activity and implement fraud prevention measures.

PCI DSS 59

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

Fintech Finance

MARCH 3, 2025

Powered by GPT-4o and other large language models, Antom Copilot simplifies the traditionally complex payment integration process, delivering: 95% faster integration by leveraging chain of thought (CoT) reasoning, standard operating procedure (SOP) automation, language (LUI) and graphical (GUI) user interfaces, and AI-driven code generation.

Fraud Prevention 52

Fraud Prevention Fraud Detection AI Disputes 52

Finextra

JULY 21, 2025

Cloud-native services enable advanced capabilities—real-time fraud detection, predictive analytics, and automated compliance monitoring—that would require significant investment to develop internally on legacy infrastructure.

Payment APIs and Integration 52

Payment APIs and Integration Regulatory Compliance Audit Compliance 52

The Payments Association

JULY 18, 2025

Large organisations will face criminal liability if they fail to implement “reasonable procedures” to prevent fraud committed by employees, agents, subsidiaries or other associated persons where the intent was to benefit the organisation or its clients.

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

Fintech News

OCTOBER 15, 2024

Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users. Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally.

Verification 115

Verification Fraud Detection Money Laundering Compliance 115

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

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 Government Governance Compliance 52

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

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. The potential impact of failed or inadequate internal systems, processes, procedures, etc.

Risk Management 88

Risk Management Risk Money Laundering Procedures 88

Finovate

MARCH 13, 2024

This will impact how banks and fintechs use AI for customer interactions, underwriting, and fraud detection. Financial institutions already have processes, documentation procedures, and controls in place to comply with existing regulations.

AI 111

AI Laws Fraud Detection Use Case 111

PYMNTS

DECEMBER 9, 2020

Consumers are more susceptible than ever to falling short on their monthly bills, leaving banks searching for more proactive ways to mitigate the risk of defaults. The Playbook outlines six key operations that can be enhanced by applying AI systems, ranging from fraud detection to marketing optimization and even personalized chatbots.

Credit Risk 98

Credit Risk AI Risk Fraud Detection 98

Nanonets

MAY 31, 2023

All of these can reduce a business’s competitive edge, from delays in decision-making to poor strategic planning, even leading to difficulties in maintaining financial integrity, which increases the likelihood of fraud or regulatory action. AI can help mitigate these issues.

AI 122

AI Finance Fraud Detection Mitigation 122

Clearly Payments

JANUARY 8, 2024

By identifying potential vulnerabilities, merchants can take targeted actions to mitigate risks before they escalate. Additionally, leveraging advanced fraud detection tools and machine learning algorithms in real-time helps analyze transaction patterns and differentiate between legitimate and potentially fraudulent activities.

Risk Management 97

Risk Management Risk PCI DSS Process 97

Fintech News

DECEMBER 13, 2023

He emphasised the importance of advanced technology solutions to detect and prevent financial crimes, highlighting the need to stay updated with evolving regulations and compliance requirements. By investing in advanced technologies, businesses can enhance their ability to detect and prevent illicit activities, safeguarding their reputation.

Financial Crimes 122

Financial Crimes Money Laundering Risk Crime 122

Fi911

MAY 22, 2024

This process can be triggered for various reasons, such as a disputed charge, an error in the transaction, or fraud detection. Different types of payment reversals exist, each with distinct procedures and implications. Also, implement fraud detection systems to identify and mitigate suspicious transactions.

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. This is why you need robust fraud detection mechanisms and ensure that they are up-to-date. To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fi911

JUNE 4, 2024

In addition to managing chargebacks, these professionals also play a crucial role in fraud prevention by identifying and investigating suspicious activity on customer accounts. By reviewing dispute data and analyzing patterns, they can detect potential fraud attempts and take appropriate action to mitigate them.

Disputes 101

Disputes Fraud Prevention Compliance Processors 101

The Payments Association

OCTOBER 14, 2024

While some argue that the reduced cap will alleviate the financial strain on smaller PSPs, others, such as fraud prevention experts, feel it weakens the push for stronger fraud detection systems within the industry. Regular reviews and updates of these measures are expected to adapt to evolving fraud tactics​.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

PYMNTS

MARCH 2, 2020

So as we looked for areas to focus on in healthcare, we recognized that fraud, waste and abuse could benefit from our experience and competencies, given our leadership in fraud mitigation and security,” Griffin said, noting Mastercard’s 2017 acquisition of AI firm Brighterion.

AI 86

AI Visa Payer Law Enforcement 86

PYMNTS

FEBRUARY 26, 2020

The study also noted that only 27 percent of restaurants’ digital investments were focused on fraud mitigation, with establishments instead allocating resources to mobile ordering. Many AI-based fraud detection solutions also leverage machine learning (ML), which allows the system to learn on its own. AI in Action.

Credential 56

Credential AI Account Takeovers Fraud Detection 56

M2P Fintech

DECEMBER 17, 2024

KYC procedures validate their identity and legitimacy through checks on business licenses and ownership details. Risk Management Advanced fraud detection tools monitor transactions in real time to identify potential fraud. Investing in a robust MMS can optimize operations while effectively mitigating associated risks.

Fraud Detection 52

Fraud Detection PCI DSS Disputes Risk Assessment 52

Nanonets

APRIL 5, 2023

Improved compliance and risk management IPA can help organizations comply with regulatory requirements and manage risks by automating processes and ensuring that procedures are followed consistently.

Automation 98

Automation Process AI Fraud Detection 98

PYMNTS

APRIL 23, 2020

This is imperative to mitigating impact. In response to the pandemic, we activated both our Business Continuity Plan (BCP) and Pandemic Response Plan (PRP), and we continue to take proactive steps in accordance with the procedures outlined in each, quickly adapting them to support an ever-changing environment.

Credit Union 63

Credit Union Credit Union Service Organization Business Continuity Fraud Detection 63

EBizCharge

JULY 16, 2024

Risk management Financial institutions and third-party service providers must construct and execute a risk-based approach to detect and prevent fraudulent ACH transactions. This includes developing policies and tools to adequately identify, assess, and mitigate potential fraud.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

FloQast

JANUARY 1, 2025

Automatic updates on changes in financial regulations can be integrated into AI systems, allowing your business to remain compliant without dedicating time and resources to manually updating your procedures. These apps will not only detect errorstheyll be able to ensure businesses are following regulations to a T.

AI 52

AI Accounts Audit Fraud Detection 52

Nanonets

MAY 31, 2023

As news of the fraud broke, several insurance companies and healthcare providers ended their partnerships with HealthSouth, leading to a significant loss of business and tarnishing the company's reputation. Preventive measures Financial fraud can have devastating consequences for individuals, businesses, and the overall economy.

Fraud Detection 52

Fraud Detection Payments Audit Fraud Prevention 52

Segpay

OCTOBER 4, 2023

Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business. A robust risk management system helps to protect both merchants and affiliates from fraudulent activities, such as click fraud or affiliate fraud.

Security 52

Security Due Diligence Compliance Payments 52

Neopay

JUNE 27, 2024

Risk management framework: Develop a robust risk management framework that identifies, assesses and mitigates key risks associated with your business operations. Provide a clear overview of your risk appetite and mitigation strategies to demonstrate a proactive approach to risk management.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52

Finovate

OCTOBER 16, 2024

They can also use AI tools for fraud detection to help banks validate transactions without human intervention. Additionally, banks should create robust communication procedures with other banks in the FedNow network in order to resolve reversals and other issues quickly. Fortunately, there are ways to mitigate such mistakes.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

Nanonets

MAY 21, 2024

It aids in the detection and prevention of fraud, safeguarding against financial losses and reputational damage. Effective Account Reconciliation promotes compliance with regulatory requirements and accounting standards, mitigating the risk of penalties and legal consequences.

Best Practices 52

Best Practices Reconciliation Accounts Payment APIs and Integration 52

PYMNTS

NOVEMBER 28, 2017

Toshiba , Oracle and Tesco are just a few of the major corporations who have been hit with accounting and financial reporting scandals in recent years, a problem that the Anti-Fraud Collaboration says can affect any company. “No Employees fear retaliation by coworkers, and even termination, if they report suspected fraud, the report added.

Fraud Prevention 40

Fraud Prevention AFP Procedures Mitigation 40

Seon

APRIL 23, 2024

In an era where digital transitions are omnipresent, the menace of online fraud and money laundering is continuously escalating, necessitating advanced solutions that enable organizations to stay ahead and mitigate activities across diverse industries. Continuous Enhancement Fraud risk management is a dynamic process.

Risk Management 40

Risk Management Risk Technology Fraud Detection 40