Fintech News

SEPTEMBER 29, 2024

The acquisition aims to bolster Visa’s fraud detection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions. Founded in 2008 at Cambridge University, Featurespace has developed AI-driven algorithms that can detect complex fraud patterns in transaction data.

Fraud Detection 106

Fraud Detection AI Acquirers Fraud Prevention 106

Clearly Payments

OCTOBER 30, 2024

Overview of International Payment Processing At its core, international payment processing involves handling transactions across borders , where factors like currency conversion, payment method preferences, and local regulations come into play. Local payment options : Customers in different countries prefer different payment methods.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

Clearly Payments

MARCH 14, 2025

A credit card transaction is a process involving multiple entities, complex technology, and rigorous security protocols. This article covers the anatomy of a credit card transaction and provides insight into the technological infrastructure that supports modern commerce. Card Network Card networks route transactions between banks (e.g.,

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

The Payments Association

MAY 16, 2025

Cybercriminals are getting more sophisticated, and businesses are under mounting pressure to protect transactions without making things harder for customers. Unfortunately, older fraud detection methods often cant keep up with todays fast-moving threats. And the risks are real. Whats needed is a more dynamic, joined-up approach.

AI 88

AI Security Fraud Prevention Fraud Detection 88

Fintech Finance

MAY 22, 2024

The new technology works by scanning transaction data across billions of cards and millions of merchants at faster rates than previously imaginable. In doing so it alerts Mastercard to new, complex fraud patterns. The post Mastercard Accelerates Card Fraud Detection With Generative-AI Technology appeared first on Fintech Finance.

Fraud Detection 97

Fraud Detection Visa AI Technology 97

Payments Dive

JULY 2, 2024

Research from the investment bank Jefferies suggests generative artificial intelligence could be used in the payments industry to improve fraud detection and make transactions happen faster.

Fraud Detection 178

Fraud Detection AI Payments Research 178

Bank Automation

FEBRUARY 5, 2025

Loan origination systems MeridianLink and Sync1 Systems selected AI-driven lending technology provider Zest AI to integrate its fraud detection tool Zest Protect last week.

AI 59

AI Transactions Credit Union Fraud Detection 59

The Payments Association

FEBRUARY 3, 2025

By integrating real-time data sharing, artificial intelligence, and advanced fraud detection tools, avoided.io Real-time fraud detection and prevention: Avoided.io leverages advanced fraud detection technology to identify suspicious transactions in real-time. Avoided.io Why Avoided.io

Fraud Prevention 100

Fraud Prevention Disputes Fraud Detection Card Network Rules 100

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. From fraud detection to customer support, AI-driven solutions are revolutionising how payments are processed and safeguarded. What is this article about?

Privacy 88

Privacy Payment Security AI Security 88

Fraud.net

DECEMBER 26, 2024

Explore how machine learning fraud detection reduces false positives, improves accuracy, and adapts to emerging fraud trends.

Fraud Detection 52

Fraud Detection Real Time Payments Money Laundering Fraud Prevention 52

The Payments Association

FEBRUARY 4, 2025

This partnership offers a seamless way for hotels to simplify payment processing, reduce fraud risks and manage international transactions more efficiently. By integrating PXPs secure payment system, were helping hoteliers spend less time managing payments and more time creating unforgettable stays that keep guests returning.”

Fraud Detection 88

Fraud Detection Payments Security Transactions 88

Stax

APRIL 24, 2025

Fraud Detection: A Key Focus When it comes to AI in the payments world, fraud detection is still the heavyweight champion, according to Sundt. “There’s merchant onboarding and there’s transactional settlement fraud that we focus on.”

Privacy 88

Privacy Fraud Detection AI Push-to-Card 88

Fi911

DECEMBER 18, 2024

Geolocation & Fraud Prevention Geolocation helps prevent fraud by verifying the location of a user or device during transactions, especially in card-not-present scenarios. That will raise a red flag for potential fraud. Can Geolocation Technology Be Spoofed?

Fraud Prevention 93

Fraud Prevention Fraud Detection Addressing Authentication 93

Fintech Finance

NOVEMBER 7, 2024

The leading airline has chosen FinMont global solution to provide a secure payment gateway incorporating a wide range of payment methods and ensuring a seamless customer transaction process. The airline’s services encompass daily flights from Bangkok to Paro via Kolkata, India, as well as three weekly flights to Delhi via Kathmandu.

Global Payments 98

Global Payments Payment Gateways Gateways Fraud Detection 98

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 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

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. These six digits identify the institution that issued the card, offering key information to parties involved in a transaction. What is a Bank Identification Number (BIN)?

Process 104

Process Processors Payments Compliance 104

Stax

APRIL 3, 2025

Key features to look for in an eCommerce payment solution include security and fraud protection, payment method variety, integration capabilities, chargeback protection and dispute resolution, and global payment support. Evaluate your business size, transaction volume, industry considerations, total cost, and customer experience.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

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 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

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 95

SWIFT AI Cross-Border Payments Privacy 95

The Payments Association

OCTOBER 28, 2024

However, the fight against fraud is not without its successes. Financial institutions and payment providers are stepping up their efforts, and according to the report, more than £710 million in unauthorised transactions were thwarted during this same period.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Fintech Times

MARCH 19, 2025

The Financial Conduct Authority (FCA) is reviewing whether the 100 contactless limit should be removed or increased, aiming to give consumers and businesses more flexibility while keeping fraud protections in place. Fraud is a key consideration. Contactless fraud accounted for 41.5million in losses last year, up 19 per cent from 2022.

Contactless Payments 98

Contactless Payments Consumer Security Fraud Prevention 98

Fintech Finance

OCTOBER 28, 2024

Worldpay ® and Capital One have joined forces in a new collaboration to optimize payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Strengthened fraud controls can have the unwanted consequence of increasing the rate of false positive declines.

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Authorization Transactions Fraud Detection Issuers 103

Clearly Payments

NOVEMBER 6, 2024

payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. The value chain in payment processing involves multiple parties that play specific roles in facilitating transactions. They also set interchange fees that cover transaction costs and risks.

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

The Payments Association

JANUARY 21, 2025

With in-depth data covering global market penetration, transaction values, and consumer preferences, the insights presented here will empower decision-makers to refine their strategies, enhance operational efficiency, and capitalise on the growing demand for innovative payment solutions.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech Finance

DECEMBER 17, 2024

Increasingly drawn to international travel, luxury purchases, and digital transactions, Vietnamese consumers are part of a strong trend towards experiential consumption. Visa Direct , a real-time push payments platform, facilitates quick, cost-effective transactions domestically and cross-border, including B2B and P2P payments.

Payments Trends 97

Payments Trends Cross-Border AI Payments 97

Fintech News

NOVEMBER 6, 2024

Ant International is employing advanced artificial intelligence (AI) technologies to streamline and secure cross-border transactions for nearly 100 million SMEs across over 200 markets. This enhanced precision helps reduce transaction costs for merchants, offering them greater financial flexibility.

Cross-Border 106

Cross-Border AI Deepfake Transactions 106

The Payments Association

FEBRUARY 27, 2025

was founded with a mission to eliminate the financial and operational burdens caused by chargebacks and fraud. In an era where digital transactions are booming, merchants face escalating chargeback rates, revenue losses, and reputational damage. Traditional fraud prevention tools are slow, reactive, and often ineffective.

Fraud Detection 88

Fraud Detection Fraud Prevention Disputes Near Real-Time 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

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.

Payment Security 59

Payment Security Security Fraud Detection Payments 59

Finovate

APRIL 8, 2025

Further, fraudsters are increasingly adept at circumventing and subverting rules-based AML and fraud detection strategies. To address this, Hawk puts AI-powered technology to work increasing the fraud detection accuracy to find more crime while keeping false positives low.

Financial Crimes 72

Financial Crimes Crime Money Laundering Fraud Detection 72

Stax

MARCH 18, 2025

billion transactions and $9.76 The payment processing process involves several key players working together to ensure efficient transactions: Merchant – The individual or business accepting payments in exchange for goods or services. Payment processor – The company managing the transaction process. trillion in value.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

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. From there, configure your settings, and test transactions for security and functionality. Need to integrate payments?

Credit Cards 88

Credit Cards Payment APIs and Integration Payment Gateways Gateways 88

Fintech News

DECEMBER 4, 2024

Grab, with millions of users and driver-partners, requires a robust and scalable infrastructure to manage its high volume of transactions and data. Every second, Grab handles over 100 transactions, receives 500,000 GPS pings, and services 50,000 ETA requests. said Jeff Johnson, Managing Director, ASEAN at AWS.

Fraud Detection 106

Fraud Detection Fraud Prevention AI Processors 106

Clearly Payments

DECEMBER 19, 2024

Mobile Wallets Account for a Massive 30% of Global Transactions Mobile wallets like Apple Pay, Google Pay, and Samsung Pay have become household names. In 2024, theyre expected to account for nearly a third of all global transactions. Common types include card-not-present fraud, phishing attacks, and identity theft.

BNPL 105

BNPL Contactless Payments Processors Payments 105

Stax

MARCH 11, 2025

The payment processor : this is the payment services provider that handles the verification and transfer of data and funds between the financial institutions involved in that transaction. The customer will input the required payment information on the page and then click Pay to authorize the transaction.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

The Payments Association

FEBRUARY 27, 2025

Founded in 2016, Flutterwave has become a leader in African enterprise payments, processing over 890 million transactions valued at $34 billion to date. Additionally, Flutterwave now supports over 150 currencies and has secured 31 additional Money Transfer Licenses in the USA, facilitating seamless cross-border transactions for its customers.

Innovation 88

Innovation Cross-Border Payment APIs and Integration Alternative Payment Methods 88

The Finance Weekly

JANUARY 5, 2025

The integration of finance AI chatbots offers several benefits: Automating Repetitive Financial Tasks One of the best uses of finance AI chatbots is automating tasks like invoice generation, payroll processing, and transaction categorization. Offering personalized financial advice based on transaction history. Money transfer support.

AI 130

AI Finance Automation Non-Bank 130