Finovate

JUNE 4, 2024

Trulioo and Mastercard have partnered to help clients streamline onboarding while combatting fraud. Trulioo will leverage Mastercard’s identity solutions to gain insight into identity and risk scores. This is a pivotal milestone in our joint endeavor that will pave the way for a more secure global digital landscape.”

Identity Theft 59

Identity Theft Visa Verification Fraud Prevention 59

PYMNTS

FEBRUARY 21, 2018

After the Mueller indictments, do banks’ “day zero” identity verifications need a makeover? We’re referring, of course, to the act of opening a bank account from scratch, from the beginning – providing everything from name, address, Social Security number, identity documents and the like…. In the U.S., Think again.

Identity Theft 40

Identity Theft Rules Verification Accounts 40

Fintech News

MAY 22, 2024

of respondents lost money to scams or identity theft in the past year, resulting in an estimated US$1 trillion in financial losses. In May, Fintech Global released its inaugural FinCrimeTech50 list, recognizing the world’s leading technology companies fighting money laundering, fraud and financial crime.

Financial Crimes 104

Financial Crimes Crime APACS Risk Assessment 104

Trade Credit & Liquidity Management

MARCH 27, 2025

an accounts receivable management technology provider, announced the integration of advanced fraud security and applicant verification capabilities into its credit application process. Bectran previously announced a partnership with GIACT, to enhance ACH fraud prevention.

Identity Theft 40

Identity Theft Fraud Prevention Fraud Detection Verification 40

Stax

JANUARY 28, 2025

Step 3: The payment services provider authenticates the transaction Once the customer selects a preferred card network, the merchants payment gateway will send the transaction details to the merchants payment services provider who will then contact the customers issuing bank for payment verification.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

The Paypers

APRIL 29, 2016

(The Paypers) Uber has launched facial recognition verification for drivers in China to counter fraud, prevent identity theft and ensure the safety of its clients.

Verification 28

Verification Identity Theft Fraud Prevention 28

The Fintech Times

MAY 21, 2024

million people) are classed as ‘digital ghosts’, lacking sufficient financial records to pass identity verification needed for accessing financial and government services, according to a new report. Legal protections for minors and immigration data also restrict access to verification sources.

Verification 59

Verification Identity Theft Legal Financial Literacy 59

The Fintech Times

AUGUST 17, 2024

Empowering businesses NeuroID’s behavioural analytics solutions are available through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15billion in fraud losses globally last year.

Risk 59

Risk Bots Fraud Detection Identity Theft 59

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

Fraud.net

MARCH 1, 2024

Understand the mechanics of account takeover fraud and discover effective prevention strategies to safeguard against ATO attacks.

Account Takeovers 52

Account Takeovers Fraud Prevention Accounts Identity Theft 52

Fi911

SEPTEMBER 27, 2023

It is often referred to as “anti-spoofing” or “liveness verification.” As traditional safeguards like passwords and two-factor authentication fall short, liveness detection adds a crucial, real-time layer to identity verification. Simply put, it is a means to verify biometric signals provided by an individual.

Security 52

Security Identity Theft Verification Authentication 52

PYMNTS

SEPTEMBER 18, 2018

The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

FTC 53

FTC Fed Federal Trade Commission Identity Theft 53

PYMNTS

JANUARY 23, 2020

The country’s Ministry of Consumer Affairs is considering regulations to curb the problem and bring these marketplaces in line with other eCommerce businesses, which currently follow a different set of fraud prevention regulations. is facing fraud problems as well. How DocuSign Ices Out Phishing Attacks.

Phishing 64

Phishing Data Breach Breach Scams 64

Clearly Payments

JULY 16, 2024

Fraud Rate by Industry in 2023 Credit card fraud is a pervasive issue impacting various industries, each with unique vulnerabilities and estimated fraud rates. Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2% Rank Industry Fraud Rate Most Common Fraud Type 1 Travel and Hospitality 3.2%

Risk 52

Risk Identity Theft Phishing Account Takeovers 52

Finovate

AUGUST 14, 2024

Digital identity verification innovator Socure has unveiled its Selfie Reverification solution. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

JANUARY 20, 2020

Banks, businesses and others still have numerous fraud problems to address, from text-based scams and phishing to synthetic identity theft. The best approach is therefore to use several technologies and apply multiple verification strategies to ensure that fraudsters do not slip through the cracks.

Identity Theft 54

Identity Theft Fraud Prevention AI Scams 54

Finovate

APRIL 11, 2024

Fraud and risk platform DataVisor announced a partnership with identity verification company Mitek this week. DataVisor will integrate Mitek’s Check Fraud Defender solution into its platform to offer FIs real-time check fraud decision orchestration. Today, 99% of U.S.

Checks 59

Checks Remote Deposit Capture Counterfeit Check Identity Theft 59

Core

FEBRUARY 6, 2024

By implementing secure technologies, stringent verification processes, and advanced monitoring, government teams can foster a secure financial framework that benefits both citizens and municipalities alike. The digitization of public financial systems introduces new challenges for online payment fraud prevention.

Best Practices 52

Best Practices Governance Government Fraud Prevention 52

PYMNTS

FEBRUARY 13, 2020

Between synthetic ID fraud and good old-fashioned identity theft, buttressed by the reams of available consumer data, said Xie, cybercriminals have gotten better at looking like real consumers – making it all the more imperative for the security industry to realign its paradigm with the lifecycle habits of legitimate users.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

The Fintech Times

FEBRUARY 23, 2024

IDnow , the identity verification platform provider, has revealed that there is a massive gap in UK consumer knowledge when it comes to key tactics used by fraudsters. They need to go further in terms of fraud prevention technology to meet their customers’ risk appetite, especially when their money is at stake.

Continuity 69

Continuity Deepfake Risk Smishing 69

PYMNTS

JANUARY 16, 2020

Trade finance and supply chain digitalization company Tradeshift has partnered with fraud protection solutions firm SiS to ward against this, developing a solution that uses blockchain technology for more robust identity verification. A Multi-Layered Fraud Approach Critical To Consumer Data Protection.

AI 53

AI Identity Theft Authentication Verification 53

PYMNTS

FEBRUARY 21, 2020

B2B merchants must quickly determine remote potential buyers are who they say, a process typically achieved through data collection and identity verification solutions. The internet provides bad actors with plenty of opportunities, meaning companies’ verification methods must be robust. Detecting Fraudsters.

B2B 61

B2B Scams Credential B2C 61

Seon

JULY 10, 2024

These may include various types of fraud, such as identity theft, account takeover, payment fraud and application fraud. Fraud transaction monitoring’s scope is narrow. For fraud prevention, these systems detect unusual patterns or suspicious activities indicative of fraudulent transactions.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

FICO

FEBRUARY 5, 2018

In these roles, Bob was a true fraud practitioner, responsible for leading high-performance teams across strategic and operational roles and policies and working closely with his peers in Risk, Compliance, Security, and LOB functions across the business to protect the bank, its clients, and its employees.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

Clearly Payments

JANUARY 8, 2024

Here are some key types of risks that merchants should be mindful of in payment processing: Fraud Risk: Fraud risk involves unauthorized or deceptive activities aimed at exploiting the payment system for financial gain. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

PYMNTS

JUNE 22, 2017

An artificial neural network is good at pattern recognition, computer vision and speech or text processing, but the system lacks transparency, making it a no-go for financial institutions that are looking to detect fraud. For fraud prevention, an AI with linear pattern recognition is more useful.

Fraud Prevention 65

Fraud Prevention AI Social Security Adjustments 65

Fraud.net

JANUARY 19, 2024

Learn the best BNPL risk management challenges, fraud prevention strategies, real-time monitoring, advanced solutions and more.

Risk Management 52

Risk Management BNPL Risk Fraud Prevention 52

Fraud.net

MARCH 29, 2024

Discover advanced fraud detection systems used by banks and explore the solutions offered by Fraud.net for proactive fraud prevention.

Fraud Detection 52

Fraud Detection Fraud Prevention Identity Theft Account Takeovers 52

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. No surprise, then, that identity theft is on the rise. Those victims are kids — in some cases, even infants.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

PYMNTS

MAY 5, 2020

Even as they try to simplify the process, she told Webster, banks must establish multiple layers of protection, chiefly through identity verification. Mastercard’s NuData uses a series of direct identity challenges and biometrics to establish that the party on the other side of the transaction is who they say they are.

Disputes 83

Disputes Issuers Visa Identity Theft 83

PYMNTS

MAY 24, 2018

Identity theft is out there, in eCommerce and beyond, and GDPR throws light on another avenue for fraud. The other solutions that are likely to gain traction include document verification, where, say, an individual takes a selfie and it is matched up with a driver’s license photo.

Identity Theft 40

Identity Theft Database Verification AML 40

PYMNTS

JULY 28, 2020

One common attack method — known as bust-out fraud — involves fraudsters tricking banks into letting them open accounts and establishing reputable credit histories until they qualify for sizable loans. Researchers dubbed synthetic ID fraud the “fastest-growing form of identity theft” in the U.S.

Online and Mobile Banking 53

Online and Mobile Banking Social Security Identity Theft Fraud Detection 53

FICO

SEPTEMBER 8, 2022

Real-time payment systems such as India’s Unified Payments Interface (UPI) have been a prime target for fraud as transaction volume on the platform grows at a breakneck pace. This shows that good fraud protection can be a bank’s biggest competitive advantage rather than just an overhead.

Posting 52

Posting Real Time Payments Scams Push-to-Card 52

Stax

APRIL 30, 2024

Payment processors are responsible for communicating the details among various entities, whereas payment gateways deal with verification and approval. In addition, there are other costs like statement fees, merchant account fees, and verification fees. It is often confused with the payment processor, but there’s a slight difference.

Process 88

Process Online and Mobile Banking PCI DSS Debit Card 88

PYMNTS

JULY 25, 2017

Retailers and merchants are losing more than $3 for every dollar of fraud incurred as recently as 2014, and that number was up from $2.79 At 71 percent, as estimated by one secure payments processing firm, identity theft is the most common type of fraud. In terms of tempting targets for fraud, eCommerce stands out.

EMV 48

EMV Identity Theft Mitigation Breach 48

Trade Credit & Liquidity Management

MARCH 11, 2025

Common problems such as bid rigging, false billing, and subcontractor fraud can obscure accountability, making it challenging to trace responsibility for financial discrepancies. Healthcare: Companies in this industry face challenges, with billing fraud, prescription fraud, and identity theft.

Due Diligence 40

Due Diligence Fraud Prevention Phishing Identity Theft 40

PYMNTS

FEBRUARY 6, 2017

Businesses need a fraud prevention solution set that can evolve and change as fast as — if not faster — than the fraudsters. Taking that and combining it with real-time fraud alerts will take the authentication game to an entirely new level — and help stop fraudsters before they can do real harm.

Federal Trade Commission 59

Federal Trade Commission Scams Credit Cards Fraud Prevention 59