Fintech Finance

FEBRUARY 6, 2025

ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico , a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions.

Payment Service Provider (PSP)

The Paypers

JUNE 17, 2025

The payment solution was designed to be convenient, hassle-free, and secure for businesses seeking a no-code option for taking online payments. AZN is aware that individuals are rightly suspicious of clicking links, as these have been associated with scams and financial fraud.

Payment Solutions

Fintech Finance

MAY 13, 2025

Powered by AI and advanced technology, they’re automating scams and exploiting weaknesses across the digital payment landscape at an alarming pace. ” The post Enfuce Challenges the Global Payments Industry to Go Beyond Compliance With Launch of Fortitude Pledge appeared first on FF News | Fintech Finance.

Compliance

Payments Dive

JULY 16, 2025

Democrats in Congress and consumer advocates have admonished Zelle for allowing scams and fraud to flourish on its platform. The peer-to-peer payments services has been the subject of congressional hearings and investigations and its executives have appeared before Senate committees to discuss what they are doing to protect users.

Zelle

Fintech News

JUNE 17, 2025

Source: Guide to Secure Crypto Payments in the APAC Region report Yet according to Sumsub’s guide on enabling secure crypto payments , 75% of jurisdictions in the region are still either non-compliant or only partially compliant, leaving loopholes that fraudsters are already exploiting.

Compliance

Stax

MARCH 27, 2025

Flexibility: EFT transfers offer multiple payment methods, allowing businesses to choose the one that works best for them. Security risks: Phishing scams, theft, and hacking make EFTs a less secure option than ACH. ACH Lower fees: ACH payments are more affordable, helping businesses save fees on frequent payments.

ACH

The Fintech Times

MAY 29, 2025

The global payments market is undergoing a fascinating shift with digital wallets taking centre stage,” said Nick France , CTO of Sectigo , a digital certificates management company, in reaction to the news. To truly unlock the potential of these payment methods, a multi-pronged approach is necessary.

Security

Fintech Finance

MARCH 4, 2025

However, regulators have been expanding accountability beyond financial institutions to the digital channels used in fraud scams, such as telecommunications and social media. Download a copy of the APP Fraud Outlook at [link] research/app-fraud-outlook- 2025.

Fraud Prevention

Fintech News

MARCH 21, 2024

Visa’s latest Biannual Threats Report for Spring 2024 underscores the concerning rise of “pig butchering” scams, showcasing the sophisticated threats plaguing both individuals and businesses in the global payments ecosystem. said Paul Fabara, Chief Risk and Client Services Officer, Visa.

Scams

Fintech Finance

NOVEMBER 20, 2024

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S., Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S.,

Scams

Fintech Finance

OCTOBER 24, 2024

Ahead of Money20/20 US, Visa , a global leader in digital payments, today published the State of Scams: Fall 2024 Biannual Threats Report. The latest edition of the report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime.

Scams

Fintech Finance

SEPTEMBER 30, 2024

This false sense of security is compounded by the fact that 61% of participants have changed their behavior or reduced their use of payment platforms due to fears about cyber scams. The impact of this fraud extends beyond financial losses, eroding trust in payment platforms, hindering adoption.

Scams

Finextra

NOVEMBER 20, 2024

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (U.S.,

Scams

FICO

DECEMBER 15, 2022

Our Scams Model Just Won an Award for Machine Learning. Credit & Collections Technology Awards recognize our scams model with the award for Machine Learning - here's why. I’ve previously discussed our company’s work on an Artificial Intelligence-based scams model for FICO® Falcon® Fraud Manager and the technology behind it.

Scams

Finextra

DECEMBER 5, 2023

Authorized Push Payment (APP) scam losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by 2027 across six leading real-time payment markets (U.S.,

Scams

PYMNTS

JUNE 23, 2020

Braun allegedly committed the scam with others, investigators said, but no one else had been named at press time, according to the report. It processes payments and sells data analytics services. A lawyer for Braun did not immediately respond to a request for comment from the newspaper.

Request for Comment

PYMNTS

JULY 2, 2020

The PYMNTS Merchants Guide To Navigating Global Payments Regulations, done in collaboration with Ekata , examines rapidly changing developments in digital payments at a time when cybercrime — and identity scams particularly — are going hard on legitimate businesses. New Behaviors, Same Regulations.

Compliance

Fintech Finance

AUGUST 28, 2024

Digital payment preferences are surging, according to the 2024 ACI Speedpay Pulse Report, published by ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology. Consumers’ fear of scams is making debt collection harder; 34% of those surveyed said they avoid communications from debt collectors.

Identity Theft

The Fintech Times

AUGUST 2, 2024

In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. billion transactions were made using the Faster Payments system. In 2023 alone, 4.5

Scams

PYMNTS

DECEMBER 10, 2020

-based TSYS, the third-largest third-party payment processor for financial institutions in the U.S., helps to process payments, merchant services and other solutions such as prepaid debit cards and payroll cards. The company was acquired by Global Payments Inc. Krebs said the attack came on Dec.

Ransomware

Fintech Finance

NOVEMBER 13, 2024

Essentially, APP fraud is any type of fraud that uses an Authorised Push Payment – whenever a person is tricked into voluntarily sending a payment to another person. It is estimated that criminals stole £580 million in the first half of 2023, a staggering figure that is likely to grow more each year.

Cross-Border Payments

The Fintech Times

AUGUST 8, 2024

While most UK-based consumers have been accustomed to Confirmation of Payee since 2020, with over 100 UK organisations having already implemented the service, Australia Payments Plus hopes to enable Australian firms to implement it in early 2025. We are one step closer to having a new weapon in the war against scammers.

Payee

Fintech Finance

MAY 30, 2024

CBA has also since made its NameCheck technology available to external organisations via API to use in a further bid to protect more people and businesses from scams and mistaken payments. The collaboration with Liink by J.P.Morgan follows other recent domestic pilots of CBA’s anti-scam technology.

Technology

The Payments Association

DECEMBER 11, 2024

The digital payment ecosystem is at the intersection of technological innovation and financial security, posing unprecedented challenges in protecting financial assets and maintaining customer trust.

Fraud Prevention

Fintech Finance

JULY 4, 2024

With the average scam costing £11,000 for businesses and less than £2,000 for members of the public, a recommended mandatory reimbursement threshold of £30,000 would be almost three times the average scam for businesses and 15x the average scam for consumers.

Scams

The Fintech Times

SEPTEMBER 4, 2024

The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. This would cover more than 95 per cent of APP fraud cases.

Regulations

PYMNTS

NOVEMBER 13, 2020

Fraud scams targeting these wire transfers have long been an issue, with U.S. billion to business email compromise (BEC) scams last year, for example, and global businesses losing approximately $26 billion between June 2016 and July 2019. companies losing roughly $1.77

Cross-Border

Fintech Finance

APRIL 15, 2025

million was lost to ticket fraud in 2024 [1] , Ecommpay , the inclusive global payments platform, is working closely with merchants to help them understand and tackle fraud to help protect customers. Following recent data from Action Fraud that reveals £9.7

Fraud Prevention

PYMNTS

DECEMBER 4, 2019

While hedging and currency forwards may not be SMB owners’ area of expertise, one of the largest risks that SMBs face in their global operations is cross-border payments fraud. Malware and phishing scams, supplier and invoice fraud, and sheer negligence have caused B2B payments fraud to surge.

Cross-Border Payments

PYMNTS

JANUARY 23, 2020

Mobile wallet users of India-based FinTech Paytm were recently targeted by scams in which fraudsters falsely claimed that the customers needed to resolve KYC problems. Person-to-person (P2P) payments are far from the only channel under attack, however. Around The AML/KYC World.

Money Laundering

PYMNTS

JANUARY 27, 2020

Payments companies are stepping into increasingly important roles as the global payment processing solutions market is slated to hit $62.3 Payment providers must ensure that their customers are genuine — not fraudsters or shell companies for illicit actors — and that users are not utilizing solutions to launder money.

AML

PYMNTS

APRIL 3, 2020

Where consumers are pulling back, where firms across all verticals are seeing headwinds and declines in top and bottom lines — and could be tapping small business loans to stay afloat — there may be opportunity for independent software vendors (ISVs) and payments facilitators (PayFacs) to serve merchants’ changing needs.

ISVS

PYMNTS

OCTOBER 10, 2018

“Wires are still a vital piece of the global payments puzzle,” he told PYMNTS. “Not every country has an ACH-compatible option, so wires as a payment method are still necessary for cross-border payments.” ” Some of the latest data from NACHA found use of wire payments has risen in the U.S.

Wire Transfer

PYMNTS

AUGUST 26, 2019

But these fraudsters aren’t the only players in the game — and by and large, they aren’t the best at being the worst when it comes to efforts to infiltrate global payments systems. Cash-out scams, he noted, used to be about harvesting thousands and perhaps even hundreds of thousands of gift and prepaid cards in a heist.

ATM

PYMNTS

FEBRUARY 4, 2020

One recent study projected that $48 billion will be lost annually through online payments fraud by 2023, and predicted that instant payment and online money transfer scams — which take advantage of online interconnectivity and digital transactions’ accelerating speeds — would increase in this time frame.

Authentication

Finovate

MAY 16, 2025

Lisitsyn: We have productized over a hundred years of joint team expertise in the card payments industrycoming from different segments of the industry, players like Mastercard , Global Payments, Societe Generale, Worldline , and various other banks. MENA-based virtual assets trading platform BitOasis expanded to Bahrain.

Card Issuer

PYMNTS

SEPTEMBER 12, 2016

PayPal is making deft maneuvers in its efforts to quickly build and scale a global payments platform. PayPal may have ended its relationship with eBay, but it has been aggressively pursuing the store payments space by striking deals with Visa earlier in 2016 and with Mastercard on Sept.

PayPal