The Payments Association

APRIL 2, 2025

More than three quarters of British payments platforms are losing more than 5% of their revenue to fraud every year, according to a survey of senior UK financial services fraud professionals.

Fraud Prevention

Finovate

JUNE 17, 2025

Financial data network Plaid has been in the fintech headlines of late for its new partnership with data and technology company Experian , and for the launch of its Plaid Protect fraud prevention solution. Currently available in beta, Plaid Protect provides an intuitive dashboard that uses semantic search powered by natural language.

Fraud Prevention

Fintech News

MARCH 24, 2025

According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. Sumsubs 2024 industry survey reveals a strong preference for automated third-party solutions (40%) and combined methods (45%) for the industrys identity verification needs.

APACS

The Fintech Times

JULY 2, 2025

Belgian banks have become the first in the Eurozone to go live with Verification Of Payee (VOP), ahead of the October 2025 deadline set by the EU Instant Payments Regulation. Once batch payment verification is added, this figure is expected to double. SurePay now processes 200 million VOP checks per month.

Payee

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

Trade Credit & Liquidity Management

JULY 9, 2025

From a Press Release dated July 2, 2025, Reston, VA Eftsure, a global leader in payment fraud prevention, has been named a Nacha Preferred Partner, joining a select group of technology providers recognized for advancing the ACH Network. This expansion empowers U.S.

NACHA

Finovate

JULY 14, 2025

Signicat has acquired Dutch identity verification provider Inverid for an undisclosed amount. The acquisition positions Signicat to meet growing regulatory and fraud prevention demands across Europe. The acquisition positions Signicat to meet growing regulatory and fraud prevention demands across Europe.

Verification

The Payments Association

JULY 15, 2025

Questions address both immediate challenges (fraud prevention, regulatory compliance, technology readiness) and forward-looking opportunities (AI implementation, collaborative defence strategies, regulatory evolution). Coupled with a culture of innovation and trust, this drives effective, customer-centred fraud prevention."

Financial Crimes

Fintech News

AUGUST 7, 2025

Rethinking Registration to Stop Fraud Early Source: wombatzaa via Freepik User registration is fintech’s critical first line of defense, but traditional methods, such as manual document verification and static data checks from consortia databases, are faltering against modern schemes. As fraud evolves, so must defenses.

Transactions

The Fintech Times

MARCH 25, 2025

Recognising evolving challenges related to fraud, Intergiro , a white-label fintech platform, and Movitz , the payment fintech, have joined forces to combat financial fraud by building advanced payment verification solutions which financial institutions can leverage to enhance the security of their customers as they make payments online.

Verification

My Payment Savvy

AUGUST 10, 2025

Chargeback abuse is difficult to fight without strong records and tools like CVV and AVS verification in place. Fraud Detection Tools & Strategies Fraud prevention isn’t about one magic tool — it’s about layering multiple defenses to catch different attack types. Can they explain their fraud detection tools clearly?

Fraud Detection

The Payments Association

JULY 18, 2025

Integrating payments and identity: opportunities and challenges A key development in the digital wallet space is the convergence of payments and identity verification. Colombe Hérault highlights that this integration could streamline processes like online age verification, student discounts, and property rental credentials.

Payments

Fintech Finance

JULY 1, 2025

Belgian banks are the first in the Eurozone to go live with Verification Of Payee (VOP), well ahead of the October 2025 deadline set by the EU Instant Payments Regulation. The result: 30% more effective fraud prevention, higher customer satisfaction, reduced liability for banks, and a safer payment experience for consumers.

Payee

Finovate

APRIL 9, 2025

. “Security Bank is transforming digital banking in the Philippines, and we’re proud to support their vision with advanced identity verification that makes onboarding both more secure and convenient,” said Entrust Regional VP of Sales, APAC, Harvinder Singh. Entrust came out of the gates strongly in 2025.

Security

Clearly Payments

NOVEMBER 13, 2024

Card Verification and Authentication : BINs support the verification process by providing immediate access to the issuing institution’s information. Verification and Approval : The issuing bank reviews the transaction, confirms the cardholder’s account details, and assesses if there are sufficient funds or available credit.

Process

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

Fintech News

FEBRUARY 5, 2025

Sumsub , a full-cycle verification platform, has introduced its Australia DVS (Document Verification Service) Verification product. For Australian businesses that require secure and compliant document verification, Sumsubs DVS Verification facilitates user onboarding with real-time identity validation.

Verification

Fintech Finance

DECEMBER 12, 2024

The new solution supports payment service providers (PSPs) in offering Verification of Payee services to their customers that fulfill the requirements of the Instant Payments Regulation (IPR) and of the VOP Scheme developed by the European Payments Council (EPC). EBA CLEARING today announced the launch of its SEPA-wide VOP solution.

Payee

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

Fintech News

JUNE 17, 2025

Sumsub has expanded its fraud prevention capabilities by integrating advanced device intelligence from Fingerprint, a provider of real-time device signal analysis. Together, our solutions provide greater accuracy and a more complete fraud prevention system, with no coding required on the clients’ side.

Fraud Prevention

Finextra

JUNE 12, 2025

Webinar The final countdown: What’s next for Verification of Payee? The Verification of Payee (VOP) deadline is just around the corner. Could VoP become the global standard for payee verification, similar to how GDPR reshaped data privacy? However, the need for Payee Verification, aka KYP (Know Your Payee), goes beyond Europe.

Payee

The Fintech Times

JUNE 27, 2025

QwikPay , the Australian paytech, is improving its real-time user onboarding while maintaining compliance with financial regulations in Australia, following a new partnership with iDenfy , the identity verification and fraud prevention technology provider. The pricing model was another deciding factor.

Risk Management

The Payments Association

JANUARY 21, 2025

Businesses increasingly leveraged BNPL services to improve cash flow flexibility, while AI played a crucial role in enhancing fraud prevention and transactional security. It also points to generative AI as a future driver for fraud prevention and authentication, enhancing security measures in 2025.

Payments Trends

Finovate

JULY 10, 2025

Jumio and Prometeo have partnered to streamline identity and bank account verification across Latin America. ” Prometeo and Jumio anticipate that their alliance will improve verification in Latin America. .” ” Prometeo and Jumio anticipate that their alliance will improve verification in Latin America.

Verification

Fintech Finance

MAY 28, 2025

This will help reduce fraud, prevent transaction failures due to inaccurate details and boost efficiency. By integrating iPiD’s solution, Emirates NBD strengthens its fraud prevention strategy while laying the groundwork for scalable payee verification across global markets.

Payee

Fi911

DECEMBER 31, 2024

Implement Secure Payment Solutions : Adopt fraud prevention tools like CVV verification, address verification service (AVS), and 3D Secure to mitigate the risk of unauthorized transactions.

Disputes

The Fintech Times

DECEMBER 18, 2024

Tackling fraud CBIs response to increasing fraud and misdirection of payments is evident in a range of services, such as: Check IBAN, Name Check, CBI GO and CBI Safe Trade. This service facilitates Public Administration and corporates in fulfilling their fraud prevention activities vis--vis their customers (e.g.

Finance

The Payments Association

JUNE 11, 2025

Modern platforms operate in an environment where 269 million card records were posted on dark web platforms in 2024 , and friendly fraud accounts for 75% of all chargeback losses. Consequently, the cost of fraud prevention now reaches $4.61 Static, manual-heavy models are no longer viable.

Risk

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

Fintech Finance

FEBRUARY 5, 2025

It also enables centavo deposit verification, ensuring player accounts are active and valid for transactions. These tools streamline onboarding and prevent incorrect or fraudulent payments. The company also holds ISO 27001 and 27701 certifications, ensuring robust data protection and fraud prevention measures.

Regulations

Fi911

MAY 22, 2025

Consumer Protection with stronger authentication and fraud prevention measures, such as Strong Customer Authentication (SCA). Improved Fraud Prevention & Compliance PSD3 will tighten controls on remote onboarding, with stricter anti-money laundering (AML) protocols to combat rising cyber threats.

Payment APIs and Integration

Finovate

JANUARY 22, 2025

Customer verification specialist Sikoia announced a strategic partnership with Tandem Bank. The partnership will enable the digital bank to automate key parts of its income verification and document handling processes for mortgage brokers. Founded in 2021, Sikoia made its Finovate debut last year at FinovateEurope 2024.

Verification

The Payments Association

AUGUST 7, 2025

Furthermore, with 76% of fraud occurring after user onboarding, it’s clear that compliance must extend beyond identity verification. Institutions must begin to view compliance as a full lifecycle process – one that continuously monitors risk, after the initial verification.

Compliance

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

The Fintech Times

FEBRUARY 14, 2025

User-friendly fraud-as-a-service (FaaS) kits that enable amateurs to execute complex attacks against thousands of accounts in minutes are becoming increasingly available online, AU10TIX , the identity verification and management technology provider, has revealed.

Deepfake

Fintech Review

APRIL 20, 2025

In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. Some fintechs also specialise in cybertech themselves, offering white-label fraud prevention or identity services to other platforms.

Finance

EBizCharge

FEBRUARY 26, 2025

Additionally, it includes security features such as tokenization, encryption, and fraud prevention tools to ensure compliance with Payment Card Industry Data Security Standards (PCI DSS). Security and compliance: Look for PCI-compliant gateways with fraud prevention tools.

Credit Cards