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Visa Ramps Up AI-Powered Fraud Prevention During Holiday Shopping Globally

Fintech News

Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. Featured image credit: Edited from Freepik The post Visa Ramps Up AI-Powered Fraud Prevention During Holiday Shopping Globally appeared first on Fintech Singapore.

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Scalapay Partners with Trustfull to Strengthen BNPL Fraud Prevention Across Europe

Fintech Finance

Trustfull , a leader in Identity Intelligence for fraud prevention, is proud to announce a strategic partnership with Scalapay , a premier European buy-now-pay-later (BNPL) provider. This empowers fraud teams to detect synthetic identities and prevent fraud while maintaining a seamless user experience.

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What is Geolocation-Based Fraud Prevention?

Fi911

But, did you know it can also be used to help stop card-not-present fraud? Geolocation & Fraud Prevention Geolocation helps prevent fraud by verifying the location of a user or device during transactions, especially in card-not-present scenarios. Can Geolocation Technology Be Spoofed?

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Beyond KYC: How Technology is Transforming the Fraud Prevention Game

Fintech News

Traditional fraud prevention methods are struggling to keep up with the sheer scale and speed of today’s changing threat landscape. Synthetic identity fraud now ranks among the top five threats keeping fraud teams up at night, particularly in mobile-first, high-growth markets like Southeast Asia.

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Schwarzwald Capital Announces Strategic Investment in Vesta to Enhance Fraud Prevention in Digital Payments

Fintech Finance

Operating across more than 40 countries and processing over 100 million transactions annually, Vesta has been at the forefront of digital fraud prevention for nearly three decades, ensuring seamless and secure online payments. “For millions of creators, seamless and secure payments are the backbone of their businesses.

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Tuum and Sumsub Team Up to Enhance Fraud Prevention for Financial Institutions

Finovate

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. The company was founded in 2019.

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Paydock and Forter: Empowering merchants and financial institutions with seamless payments and fraud prevention

The Payments Association

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.