Bank Automation

FEBRUARY 3, 2025

The tool processes 143 billion transactions annually and uses generative AI to scan 1 trillion […] The post Mastercard taps gen AI for fraud prevention appeared first on Bank Automation News.

Fraud Prevention 52

Fraud Prevention Visa AI Fraud Detection 52

Payments Dive

JULY 31, 2024

Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.

Fraud Prevention 193

Fraud Prevention Consulting Payments AI 193

The Fintech Times

NOVEMBER 16, 2024

. “Merchants are clearly focused on future-proofing their payments strategy to meet the growing demand for convenience and flexibility and address the major challenges around regulatory compliance and fraud prevention,” explained Ugne Buraciene , group CEO of payabl.

Fraud Prevention 59

Fraud Prevention Compliance Regulatory Compliance AI 59

Fintech News

MARCH 4, 2025

GAV is designed to combat Authorised Push Payment (APP) fraud, where fraudsters impersonate banks or trusted entities to deceive victims into transferring money. The expansion comes as regulators tighten rules on fraud prevention and reimbursements.

Verification 107

Verification Risk Accounts Cross-Border Payments 107

Fintech Finance

DECEMBER 19, 2024

This will bolster Visas fraud protection capabilities and enhance security for its customers and consumers worldwide. Visa will add Featurespaces capabilities into its range of fraud prevention and risk-scoring offerings. The Featurespace business will become part of Visas Risk and Identity Solutions business unit.

Fraud Prevention 97

Fraud Prevention Financial Crimes Value Added Service AI 97

Fintech News

FEBRUARY 26, 2024

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

Fraud Prevention 117

Fraud Prevention Compliance AML Money Laundering 117

Fintech News

AUGUST 29, 2024

To further combat fraud, Stripe introduced Radar Assistant, an AI-powered tool that allows businesses to set and test new fraud prevention rules using simple language prompts. The post Stripe Unveils AI-Powered Tools for Payments, Pricing, and Fraud Prevention appeared first on Fintech Singapore.

Fraud Prevention 114

Fraud Prevention AI Cross-Border Cross-Border Payments 114

Fintech News

DECEMBER 22, 2024

Featurespaces advanced fraud detection and risk-scoring capabilities will be integrated into Visas existing portfolio of fraud prevention solutions. This integration will enable real-time detection of sophisticated fraud attacks while maintaining a seamless user experience.

Fraud Detection 107

Fraud Detection AI Fraud Prevention Value Added Service 107

The Payments Association

MARCH 11, 2025

SEON , the leader in digital fraud prevention and compliance , has announced the release of its ‘ 2025 Digital Fraud Report ‘ , a global fraud, risk and compliance trend survey highlighting fraud prevention strategies, benchmarking efforts and emerging trends shaping 2025.

Fraud Prevention 88

Fraud Prevention AI Compliance Mitigation 88

Fintech Finance

OCTOBER 3, 2024

Additionally, 96% of these institutions suffered financial losses due to fraud, with 70% reporting losses exceeding $500k during that period. This underscores the critical need for advanced fraud prevention in the financial sector, a need that Alloy’s platform will directly address within Numerated’s commercial lending solutions.

Fraud Prevention 97

Fraud Prevention Risk Management Credit Union Automation 97

The Payments Association

FEBRUARY 20, 2025

Yet, recent research from Mastercard shows 71% of consumers would stop doing business with a company after experiencing fraud on their app or website. So, how do financial services find the perfect balance between exceptional customer experience and robust fraud prevention? Get ready for the biggest virtual boxing match of 2025!

Fraud Prevention 88

Fraud Prevention Payments On-Demand Visa 88

Fintech Finance

SEPTEMBER 26, 2024

Justt , a leader in AI-powered chargeback mitigation, today announced a strategic partnership with Ravelin , a global provider of AI-native fraud detection and prevention solutions. According to the Ravelin Fraud and Payments Survey 2024 , 52.4% The solution is now live and available to all merchants on Ravelin’s platform.

Fraud Prevention 98

Fraud Prevention Fraud Detection AI Disputes 98

Fintech News

JANUARY 13, 2025

The acquisition also allows Chainalysis to support government agencies and financial institutions in detecting fraud trends and identifying early signs of suspicious activity on fiat payment systems.

Fraud Detection 122

Fraud Detection AI Acquirers Web 3.0 122

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. Firms must be required to have fraud prevention policies in place and demonstrate their effectiveness. Why is it important?

Crime 88

Crime Risk Assessment Fraud Prevention Due Diligence 88

Clearly Payments

OCTOBER 30, 2024

Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. Fraud Prevention and Security Cross-border transactions have higher fraud risks than domestic payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

Fintech News

FEBRUARY 4, 2025

About 52% of businesses reported a rise in fraud attempts over the past year, with 60% observing an increase in fraudulent activities during peak shopping seasons. A significant 62% of businesses are using AI-driven fraud prevention technologies to enhance security. Photo taken from Adyen Index: Retail Report 2024.

Fraud Prevention 97

Fraud Prevention Phishing Authentication Disputes 97

Fintech Finance

NOVEMBER 14, 2024

Fraud prevention and regulatory compliance are the major challenges facing the industry When asked about the top challenges expected for the year ahead, fraud prevention topped the list, with 63% of respondents identifying it as a primary concern.

Payment APIs and Integration 98

Payment APIs and Integration Regulatory Compliance Cross-Border Payments Fraud Prevention 98

Fintech Finance

OCTOBER 31, 2024

On 7 October, new mandatory reimbursement rules came into effect, making it quicker and simpler for victims of APP fraud to get back money they’ve lost to criminals, with a guaranteed minimum level of protection in place. These rules also incentivise payment firms to innovate and implement stronger fraud prevention methods.

Payee 98

Payee Fraud Prevention Rules Checks 98

The Payments Association

DECEMBER 19, 2024

Dialect, the payments specialist business outsource provider and Synalogik , the data aggregation and fraud prevention platform, are pleased to announce their new strategic partnership. Together, we’re setting a new standard for excellence and innovation in the fight against fraud.

Fraud Prevention 88

Fraud Prevention Money Laundering Financial Crimes AML 88

The Fintech Times

MARCH 17, 2025

AI-driven fraud threats are becoming increasingly more and more sophisticated. As a result, organisations are needing to spend more on fraud prevention to counter the developing criminal tactics. As fraud teams grow, though, decision-makers are concerned that fraud is growing faster than revenue.

AI 59

AI Fraud Prevention Transactions Due Diligence 59

Finextra

FEBRUARY 6, 2025

In todays fast-paced digital landscape, managing payment disputes and chargebacks has become a sign.

Fraud Prevention 105

Fraud Prevention Disputes Payments 105

Payments Dive

JANUARY 9, 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

Payments Trends 195

Payments Trends Fraud Prevention Real Time Payments Payments 195

Fintech Finance

FEBRUARY 5, 2025

Keynote sessions and expert panels will delve into critical themes such as fraud prevention, embedded finance, and sustainability, offering attendees both strategic and practical takeaways. Fraud Prevention and Cybersecurity: Developing robust strategies to mitigate risks in a rapidly digitalising world.

Embedded Finance 75

Embedded Finance Fraud Prevention Payments Cybersecurity 75

Fintech Finance

MARCH 10, 2025

Unlike traditional acquirers, these specialised providers offer customised payment processing, compliance solutions and fraud prevention. The acquiring landscape is also being shaped by the emergence of specialist vertical acquirers, offering industry-specific solutions in high-growth sectors.

Acquirers 80

Acquirers Economy Fraud Prevention Cross-Border 80

The Fintech Times

MARCH 12, 2025

A new partnership has been announced between Swedish embedded finance provider Intergiro and SEON , the digital fraud prevention and compliance firm, to improve security in the former’s embedded finance ecosystem and combat growing cyber threats.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

Fintech Finance

NOVEMBER 21, 2024

ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, have announced that Zimswitch , Zimbabwe’s national electronic payments switch and a leading payments technology company, has chosen ACI’s Fraud Management and Payments Intelligence solution to enhance its fraud prevention and management capabilities.

Fraud Prevention 97

Fraud Prevention Ubiquitous Payments Mitigation 97

The Payments Association

JANUARY 28, 2025

From September this year, large organisations can be found criminally liable if employees, agents, subsidiaries or other ‘associated persons’ commit fraud intending to benefit the organisation or their clients. But what should this look like for you and your organisation?

Fraud Prevention 88

Fraud Prevention Procedures Financial Crimes Crime 88

Fintech News

DECEMBER 10, 2024

Shared knowledge enables rapid responses to new fraud trends, ensuring the system remains effective against evolving threats. As more institutions participate, the system’s effectiveness increases, creating a powerful network effect that strengthens fraud prevention for everyone involved.

SWIFT 111

SWIFT AI Innovation Fraud Detection 111

The Payments Association

AUGUST 1, 2024

The move to ISO 20022 brings benefits like enriched data and improved fraud prevention, requiring a strategic approach and decisions between building in-house solutions or partnering with vendors. Read more

ISO 20022 160

ISO 20022 ISOs Fraud Prevention Compliance 160

The Payments Association

JANUARY 3, 2025

Balancing fraud prevention with maintaining a good service to customers is a constant struggle. We are investing in new technologies to prevent fraud taking place on our network, he said. The challenge is not just detecting fraud but anticipating its evolution.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech News

MARCH 11, 2025

The newly formalised group operates under Visa’s Payment Ecosystem Risk and Control (PERC) division and prevented more than US$350 million in attempted scams in 2024. This effort is part of Visas broader fraud prevention strategy, which blocked US$40 billion in fraudulent transactions across its network last year.

Scams 97

Scams Blocks Law Enforcement Laws 97

Fintech Finance

FEBRUARY 26, 2025

Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.

Process 90

Process FinTech Fraud Prevention Financial Inclusion 90

Fintech Review

MARCH 11, 2025

NYC, NYC, March 11th, 2025, FinanceWire Feedzai , the global leader in AI-native fraud prevention solutions, today announced the launch of ScamAlert, an innovative GenAI-powered fraud prevention agent built from a deep understanding of tactics fraudsters use to exploit consumers.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

Fintech Finance

JANUARY 7, 2025

Additionally, Checkout.com’s robust fraud prevention measures and secure payment protocols will ensure the protection of all financial information. End users of noqodis platform can now enjoy greater convenience with faster and smoother transaction processes, leading to quicker payment processing times.

Payment Gateways 98

Payment Gateways Fraud Prevention Gateways Payments 98

The Payments Association

FEBRUARY 24, 2025

Whats on the menu: Evolving fraud tactics and why traditional fraud prevention methods are no longer enough. Embracing innovation and improving customer experience while staying secure Open-loop vs. closed-loop when it comes to fraud management How to protect your business while delivering seamless payments

Financial Crimes 88

Financial Crimes Fraud Prevention Crime Payments 88

The Fintech Times

JANUARY 8, 2025

iDenfy , the global fraud prevention identity verification service provider, has filed a patent for technology that verifies a user’s address data. This approach sets a new standard for address verification reliability.”

Verification 59

Verification Addressing Fraud Prevention Credential 59

Fi911

DECEMBER 3, 2024

One vital tool that should be in every merchant’s arsenal is the velocity check, also known as velocity control, a precise and dynamic fraud prevention measure. Velocity checks serve as an integral part of a comprehensive fraud prevention strategy.

Checks 52

Checks Fraud Prevention Account Takeovers Fraud Detection 52