Fintech News

SEPTEMBER 29, 2024

Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. 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.

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Fraud Detection AI Acquirers Fraud Prevention 111

Finextra

OCTOBER 15, 2024

Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023.

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Fintech Finance

OCTOBER 24, 2024

The relationship leverages both companies’ extensive transactional data and expertise, augmenting Worldline’s payment services with Cybersource Decision Manager solution to provide businesses with powerful fraud detection across industries.

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Fraud Detection Payment APIs and Integration Fraud Prevention Value Added Service 105

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.

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Fintech News

MARCH 27, 2024

Visa announced the expansion of its value-added services by introducing three new AI-powered solutions aimed at bolstering fraud and risk prevention. said Antony Cahill, Global Head of Value-Added Services, Visa.

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Fraud Prevention AI Value Added Service Fraud Detection 111

Fintech Finance

MAY 29, 2024

In practice, Form3’s technology connects with Currencycloud’s customers via a simple API, to enable routing capabilities to drive its Payee Requester Services activity, reducing payment misdirection and increasing fraud detection.

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Fraud Detection Payee Fraud Prevention Multi-Currency 52

Clearly Payments

FEBRUARY 14, 2024

Payment companies compete to win merchants through a variety of strategies aimed at offering competitive pricing, value-added services, and superior customer experience. These additional services can help merchants manage their businesses more effectively and efficiently.

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Value Added Service Payments Payment Gateways ISOs 104

Finovate

SEPTEMBER 26, 2024

Visa is acquiring fraud prevention company Featurespace to enhance its own fraud detection and risk-scoring solutions. “Providing our clients with solutions that can adapt to and anticipate the changing threat landscape is of the utmost importance,” said Visa Global Head of Value-added Services Antony Cahill.

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Clearly Payments

SEPTEMBER 13, 2024

Fraud Prevention and Security: Many payment orchestrators incorporate advanced fraud detection tools , leveraging machine learning and AI to identify and prevent fraudulent activities. These services are often priced based on usage or as part of a premium tier.

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Multi-Currency Payment APIs and Integration Payments Gateways 104

Fintech Finance

MAY 30, 2024

In a groundbreaking pilot in partnership with Pay.UK , Visa , a world leader in digital payments, has shown how leveraging the latest AI technology has the potential to drastically cut the £600m1 lost annually to account-to-account scams and fraud over recent years in the UK.

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Scams Faster Payments Fraud Detection AI 52

The Fintech Times

MARCH 27, 2024

The new products, integrated into the end-to-end Visa Protect suite, aim to diminish fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions both on and off Visa’s network.

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Fraud Prevention AI Value Added Service Fraud Detection 59

Fintech News

APRIL 28, 2024

By leveraging, advanced technologies such as cloud computing, AI/ML, biometric authentication, anomaly detection algorithms, and real-time monitoring systems, banks can enhance their fraud detection capabilities, identify suspicious patterns, and mitigate risks more effectively.

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Fintech Finance

MARCH 27, 2024

Today, Visa (NYSE:V), a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions.

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AI Product Fraud Prevention Value Added Service 52

Segpay

APRIL 16, 2024

In this case, both the cardholder and the merchant are victims of Fraud. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks. Each card brand applies different chargeback thresholds. Chargeback ratios also differ per industry.

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Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Fintech Finance

MARCH 6, 2024

Merchant Expectations of Digital Payment Provider Merchants that already accept digital payments expect a range of value-added services from their digital payments provider to enhance their payment infrastructure and offerings for customers.

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Digital Payments Small Business Multi-Currency Payments 59

Clearly Payments

JANUARY 10, 2024

Payment processors earn revenue from a combination of flat transaction fees, percentage transaction fees, monthly fees, subscription fees, and other value-added services. Security and Fraud Prevention: With the rise of digital transactions, ensuring the security of payment systems is paramount.

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The Fintech Times

DECEMBER 31, 2023

“Moreover, the emergence of the next generation of open banking payment solutions, some of which facilitate instant payments along with a range of value-added services, will also play a significant role.

Global Payments 124

Global Payments Online and Mobile Banking Alternative Payment Methods Instant Payments 124

M2P Fintech

JULY 28, 2023

Fraud Risk Management (FRM) Banks can mitigate risks and make informed decisions with our FRM solutions. Integrating our FRM module provides real-time fraud detection, thus protecting customers and financial institutions. These help to protect against unauthorized access and ensure secure debit card usage for customers.

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Debit Card Payment APIs and Integration Reconciliation Online and Mobile Banking 52

Segpay

OCTOBER 4, 2023

What is the Role of a Payment Service Provider (PSP) In affiliate marketing, PSPs play a crucial role as they process the financial transactions between the various parties involved in the affiliate marketing ecosystem. Risk Management Fraud detection and prevention measures are crucial in this type of high-risk business.

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Security Due Diligence Compliance Payments 52

The Fintech Times

APRIL 30, 2024

“They’re also developing value-added services like fraud detection and data analytics to remain competitive. To adapt, traditional payment processors are enhancing their APIs for seamless integration and forming strategic partnerships with e-commerce platforms.

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Embedded Finance Finance Payment APIs and Integration Processors 69

Segpay

OCTOBER 18, 2023

By partnering with a payment processor that offers risk management as a value-added service, merchants can focus on their core business: selling their products and/or services.

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Transactions Due Diligence Money Laundering Legal 52

The Fintech Times

FEBRUARY 27, 2024

An example of this is fraud detection, which has been well-modelled by AI (deep learning) for more than 20 years. Paul Harrald, CFO of Curve “It will improve the efficiency of payment companies by eliciting patterns from payment data.

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Payments Trends Payments Stablecoins Payment Networks 64

Segpay

FEBRUARY 24, 2025

May include fraud detection and tokenization services. What is a Payment Service Provider (PSP)? A Payment Service Provider (PSP) offers a comprehensive solution that includes both a payment gateway and a payment processor, along with value-added services (VAS).

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PYMNTS

APRIL 22, 2016

The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year. PYMNTS: Where do you look for innovative ideas and why? BW: The ecosystem in which we operate.

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EMV Online and Mobile Banking Fraud Detection Processors 40