The Payments Association

APRIL 7, 2025

Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered. The survey also highlights the growing investment in technologies such as AI and machine learning for fraud prevention, as well as the importance of industry collaboration and regulatory updates.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

The Payments Association

DECEMBER 10, 2024

This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. Leveraging the tech to stay ahead To stay ahead of increasingly sophisticated methods fraudsters, payments firms must leverage cutting-edge technologies that enable proactive fraud prevention.

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

EBizCharge

MARCH 18, 2025

Fraud prevention measures: Sage credit card processing supports various fraud protection tools, such as Address Verification System (AVS) , VCC verification, and transaction monitoring. These measures help detect suspicious activity, prevent unauthorized transactions, and reduce chargeback risks.

Credit Cards 52

Credit Cards Process Security Data Breach 52

PYMNTS

JUNE 29, 2020

Multi-factor authentication (MFA) is a much more effective way to secure these entry points by requiring not only a password, but also an additional verification method, such as a code sent to a user’s phone or a biometric system, like a fingerprint reader or facial recognition scanner.

MFA 96

MFA Risk Security API 96

The Payments Association

APRIL 7, 2025

Key findings reveal that fraud remains the foremost concern, with identity fraud being the most common type encountered. The survey also highlights the growing investment in technologies such as AI and machine learning for fraud prevention, as well as the importance of industry collaboration and regulatory updates.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Stax

AUGUST 20, 2024

3D Secure is a fraud prevention solution with an added layer of security that helps protect buyers and merchants from fraudulent online transactions. This could be a one-time password, a PIN code, or even facial recognition or other biometric verification. One solution to counter this problem is 3D Secure Authentication.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

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