The Fintech Times

JULY 10, 2025

It proposes an AI-driven approach that promises smarter routing, dynamic pricing and enhanced fraud detection. AI-driven fraud detection through ‘cost anomalies’: When the system spots unusually high fees, often a red flag for fraud, it flags the transaction in real time, before it goes through. per transaction.

Real Time Payments

The Payments Association

MAY 16, 2025

And the risks are real. Unfortunately, older fraud detection methods often cant keep up with todays fast-moving threats. A new approach to fighting fraud Regarding fraud prevention, simple rule-based systems arent enough anymore. Custom systems to match specific risks Fraud isnt a one-size-fits-all issue.

AI

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

The Payments Association

JUNE 9, 2025

The latest updates deliver capabilities far beyond those of the legacy system, creating new opportunities to revolutionise services, reduce risk, expand market reach, and drive innovation. This represents a strategic shift for payment providers, affecting cost structures, risk exposure and increasing competition.

ISO 20022

The Payments Association

DECEMBER 10, 2024

With payment systems becoming more digital and interconnected, the risk of AI-driven fraud grows, urging payments firms to adopt cutting-edge solutions to protect themselves and their customers from these emerging threats. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI

Clearly Payments

NOVEMBER 13, 2024

For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud. What is a Bank Identification Number (BIN)?

Process

Trade Credit & Liquidity Management

JULY 24, 2025

This upgrade aligns American payment processing with international standards, enabling greater efficiency, richer payment data, and more robust risk and fraud mitigation. payments infrastructure. This means fewer delays and faster resolution of issues. Domestic and cross-border interoperability: The U.S.

FedWire

The Payments Association

MARCH 19, 2025

Banks clinging to outdated systems risk security breaches, regulatory headaches, and lost market sharemodernisation isnt just an upgrade, its a survival strategy. For years, banks have been reluctant to modernise their legacy infrastructure, believing that change outweighs the risks of staying put.

Payment APIs and Integration

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. This equates to £6.65

Scams

Stax

APRIL 3, 2025

Fraud detection – Fraud detection and prevention measures identify and block any fraudulent activities in the payment system. High-risk industry – CBD, adult, gambling, cryptocurrency, and online pharmacies are considered high-risk businesses.

Payment Solutions

Clearly Payments

JULY 21, 2025

Merchants face increasing pressure to keep up with customer expectations for seamless, secure, and flexible payment options, or risk losing sales to competitors who do. According to a 2024 Juniper Research report, AI-driven fraud detection could save merchants over $40 billion annually by minimizing chargebacks and false declines.

Merchant Payment Processing

The Payments Association

MAY 16, 2025

Smart routing and optimisation: Advanced POPs leverage machine learning and real-time analytics to route transactions intelligently, considering cost efficiency, transaction success rates, geographic proximity, and risk scoring. These tokens are useless if intercepted, significantly mitigating the risk of data breaches.

Transactions

Finovate

APRIL 8, 2025

“Every financial institution that wants to reduce compliance workloads and increase the accuracy of risk detection should be using AI to achieve those goals,” Hawk CEO Tobias Schweiger said. Further, fraudsters are increasingly adept at circumventing and subverting rules-based AML and fraud detection strategies.

Financial Crimes

Fintech Finance

DECEMBER 17, 2024

Visas AI-powered Anti-Money Laundering AI enhances fraud detection and prevention, while tokenization reduces fraud risk by replacing sensitive card details with unique tokens. Enhanced Security: With the rise of digital payments, security is paramount.

Payments Trends

Finovate

JUNE 24, 2025

Credit risk analytics company Carrington Labs has teamed up with decision platform Taktile to help lenders optimize their credit risk strategies. Credit risk analytics company Carrington Labs announced a partnership with decision platform Taktile to help lenders optimize their credit risk strategies for both consumer and SMB loans.

Credit Risk

The Fintech Times

OCTOBER 30, 2024

Global paytech solution provider Worldpay has forged a new partnership with Capital One , the American bank holding company, in a move to optimise payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. ” Tackling a $48billion problem “At Worldpay, we’re passionate about improving payments.

Payment Security

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 Fintech Times

MARCH 31, 2025

This report highlights the need for unified action to address both domestic and cross-border risks, fostering a safer financial system for all.” Nasdaq Verafin’s unique consortium data approach delivers insights into counterparty risk to reduce false positives and significantly improve payments fraud detection.

Cross-Border

The Payments Association

FEBRUARY 10, 2025

The Economic Crime and Corporate Transparency Act 2023, specifically the “failure-to-prevent fraud” offence, and outlines how businesses can mitigate fraud risks. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

Crime

Fintech Review

APRIL 20, 2025

However, as services become more digitised, the risks multiply. It covers the tools, platforms, and strategies that defend against data breaches, fraud, identity theft, and financial disruption. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring.

Finance

Clearly Payments

JANUARY 21, 2025

Security Risks: Older systems are more vulnerable to cyber threats, putting sensitive citizen data at risk. Stronger Security: Advanced encryption, tokenization , and fraud detection protect sensitive data and bolster public trust. This digital approach replaced paper checks, ensuring faster and more secure transactions.

Government Payments

The Fintech Times

FEBRUARY 27, 2025

. “One of the biggest breakthroughs is its ability to analyse real-time financial data, enabling teams to detect patterns and risks far more effectively. Nearly four-fifths of UK finance professionals see this as a game-changer for strategic decision-making and risk modelling.

AI

Fintech Finance

FEBRUARY 17, 2025

Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in global payments.

Compliance

The Payments Association

JUNE 5, 2025

Furthermore, transaction data is captured electronically, eliminating the need for manual data entry and minimising the risk of errors. Fraud detection and prevention technologies offer a layer of protection that may be challenging for individual businesses to implement independently.

Fraud Detection

Stax

MARCH 18, 2025

A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. The issuing bank approves or declines the transaction – If the payment details are correct, the customer has sufficient funds in their account, and theres no fraud risk, the issuing bank approves the transaction.

Process

Finextra

JULY 14, 2025

Anticipated ACH Surge and Its Risks Currently, about 20% of federal tax refunds and over half of all federal checks are still issued via paper, totaling roughly 20 to 25 million checks annually. government payment modernization, financial institutions that fail to recognize these warning signs and adapt accordingly risk falling behind.

ACH

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

The Payments Association

JANUARY 13, 2025

Stronger fraud detection and better industry collaboration are needed to protect consumers The Payment Systems Regulator’s (PSR) findings in its December’s Unmasking how fraudsters target UK consumers in the digital age report reveal a stark picture of the growing threat posed by authorised push payment (APP) scams.

Scams

Finovate

MARCH 19, 2025

. “With new frameworks like PSD3 and DORA shaping the industry, banks and fintechs must embed resilience, security, and real-time fraud detection into their core operations.” “Over three-quarters of fraud now occurs beyond the onboarding stage, with identity fraud in Europe surging by 150% year-over-year in 2024.”

Fraud Prevention

Fintech News

FEBRUARY 10, 2025

In fintech, Agentic AI could enhance fraud prevention, risk management, trading, and customer engagement by autonomously analysing financial data, detecting anomalies, and executing decisions in real time. Also, the autonomous nature of the AI means decision-making is often removed from human oversight.

AI

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. Including structured data would help PSPs monitor and mitigate financial crime risks.

IBAN

The Payments Association

JULY 23, 2025

Today, many issuers still auto-approve token requests with minimal risk assessment, a vestige of Visa and Mastercard’s early, binary risk logic. It also requires a fundamental shift in risk management. As tokenisation expanded to e-commerce and Click to Pay, compliance took precedence over flexibility.

Payment APIs and Integration

Fintech News

APRIL 25, 2025

Deepfakes now account for 40% of all biometric fraud detected. Similarly, Signicats 2024 report on AI-Driven Identity Fraud found that 42.5% of fraud attempts are now AI-driven, with deepfakes representing 6.5% of total fraud attempts. The financial sector is particularly at risk, with an alarming 37.4%

Deepfake

The Payments Association

NOVEMBER 21, 2024

The latest addition to this network is Forter, a global leader in AI-powered fraud prevention, who joins Paydock in transforming fraud detection and prevention for online businesses. By automating fraud detection, businesses can eliminate manual reviews, accelerating fulfilment and providing a smooth customer experience.

Fraud Prevention

Stax

DECEMBER 12, 2024

It can also help minimize errors and risks of bounced checks. rewards cards, corporate cards) and the transactions risk. Look for responsive customer support Small businesses risk losing $10,000 per hour of downtime. Evaluate security features Businesses lose about 3% of their total eCommerce revenue to fraud every year.

Small Business

Finextra

JUNE 11, 2025

Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk. for card details), and promotes robust fraud detection and resolution mechanisms.

Financial Inclusion

Fintech Finance

NOVEMBER 7, 2024

However, relying heavily on one model to process millions of daily transactions also introduces risks. “We “Integration of AI into the processing of cross-border transactions is of critical importance to further strengthening global trade and commerce, especially for SMEs who up to now can’t afford real-time global settlement services.

Cross-Border