Cardfellow

JUNE 25, 2025

You have to pay the chargeback fee even if the cardholder’s claim is rejected, and even if the chargeback is a result of fraud or identity theft. Obtain CVV/CVC Codes Another suggestion to prevent fraud is to require customers to enter the 3 digit security code on the back of their card when ordering products online.

Disputes

Finovate

AUGUST 4, 2025

“MoneyKit has built a trusted and secure foundation for financial connectivity in just a few years,” Array Founder and CEO Martin Toha said. “We’re excited to be a part of the next wave of tools that help consumers feel more secure, informed, and in control.” Founded in 2020, Array is based in New York.

Acquirers

The Fintech Times

FEBRUARY 3, 2025

Victims of these scams not only face financial losses, averaging about $180 per incident, but 40 per cent also suffer from subsequent identity theft. Similarly, instant payment platforms and new payment technologies present increasing opportunities for fraudsters, worsened by insufficient identity verification methods.

Deepfake

Stax

JANUARY 28, 2025

The payment system was introduced in 2019 by the major card schemes, including Visa, American Express, Mastercard, and Discover in response to the demand for a more standardized, frictionless, and secure online payments regime. It is also built to be super secure.

Payment APIs and Integration

Fi911

JUNE 20, 2025

Synthetic identity fraud represents the fastest-growing financial crime in the United States, yet many financial institutions still struggle to detect it. Unlike traditional identity theft where criminals steal existing identities, synthetic identity fraud involves creating new identities by combining real and fabricated information.

Identity Theft

Clearly Payments

DECEMBER 19, 2024

Common types include card-not-present fraud, phishing attacks, and identity theft. What It Means for You: Work with a payment processor that prioritizes security. Fraudulent Transactions Reach $41 Billion Globally Payment fraud is a growing concern, with global losses expected to hit $41 billion in 2024.

BNPL

Finovate

JANUARY 9, 2025

Among the new tools are all-in-one bill pay, real-time bank balance insights, credit score protection, $1 million in identity theft protection, and utility usage tracking. consumers a single place to pay over 120,000 billers using a standard checkout and secure payment experience. per month (plus tax, where applicable).

Facilitators

Fintech News

JUNE 11, 2025

These are not opportunistic hackers; they’re running well-planned operations designed to outmanoeuvre outdated security systems and exploit weak KYC protocols. The region’s fintech ecosystem is growing at lightning speed, but that growth has outpaced regulation and security in many places. And not to forget, far harder to detect. .

Crime

Fintech Finance

JULY 7, 2025

Redpin Payments gives Spanish real estate professionals complete control over all transactions through one online dashboard while protecting client funds with bank-level security. Redpin Payments enables Spanish solicitors to reclaim hours from each transaction while providing enhanced security and cost savings to their clients.

Multi-Currency

The Payments Association

JUNE 11, 2025

Rising fraud, complex regulations, and evolving threats are straining platforms’ ability to grow securely. To stay secure, they must enforce controls that inevitably introduce delay and complexity. How digital commerce platforms manage escalating fraud risks while scaling operations. Why is it important? What’s next?

Risk

Fintech Finance

MARCH 5, 2025

This partnership combines Enigma’s advanced AI capabilities with HPS’s comprehensive payment platform, offering clients unprecedented security and efficiency in navigating the complexities of modern payment systems. Together with HPS, were setting a new benchmark for fraud prevention and compliance.

Fraud Detection

Fintech Finance

MAY 13, 2025

Issuer processing powerhouse Enfuce unveils the Fortitude Pledge, a bold new compliance and security standard, that aims to eliminate 100% of financial crime risks across all Enfuce-processed card transactions. Anything less than full commitment means accepting the unacceptable and that’s a compromise the industry cannot afford.

Compliance

Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins

The Fintech Times

JULY 22, 2025

We’re already seeing tools that streamline compliance and enhance risk analysis without compromising security. Deepfakes, identity theft, and AI-generated manipulation are very real threats. That said, I’m incredibly optimistic about the role AI and automation will play in transforming onboarding.

Risk

The Fintech Times

JULY 25, 2025

Despite growing concern over corporate identity theft, data breaches and fraud, over 20 per cent of businesses say they perform no due diligence at all – citing a lack of tools or knowledge to do so. Umazi’s report also uncovers the persistence of outdated practices.

Due Diligence

Finovate

JANUARY 24, 2025

Shabi: The Instant Payment Regulation (IPR) is designed to make instant euro payments secure and accessible across the EU. It sets clear IT security standards, focusing on managing information and communication technology (ICT) risks, improving incident reporting, and overseeing third-party ICT service providers.

Regulations

Finextra

JUNE 26, 2025

The very factors driving digital adoption thus amplify the necessity for robust security measures, initiating a continuous and dynamic contest between technological innovation and efforts to prevent fraud. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins

Finextra

JULY 16, 2025

Cybersecurity has long emphasized the importance of security awareness campaigns, yet unsafe behaviors persist. Security awareness is no different. Humans As a Critical Security Layer It’s well past time to retire the phrase “humans are the weakest link.” Yet, when life gets hectic, you trade that workout for the couch.

Security

VISTA InfoSec

MAY 12, 2024

According to the Identity Theft Resource Center’s (ITRC) 2023 Business Impact Report , 73% of small business owners in the US reported a cyber-attack within the previous year, underlining the growing popularity of small businesses as a target among malicious actors.

PCI DSS

Fintech News

MAY 20, 2024

Identity theft remains a prominent worry, with 25% of respondents citing it as their top financial crime concern. While 36% of Singaporeans believe they are unlikely to fall victim to identity theft, only 15% consider it a possibility, and 17% are confident their identity has not been compromised.

Identity Theft

Finezza

MAY 3, 2024

However, amidst this reliance, a pressing issue is on the rise – identity theft, a risk that demands immediate attention. Identity theft has become a […] The post Understanding the Growing Threat of Identity Theft in the Lending Industry appeared first on Finezza Blog.

Identity Theft

PYMNTS

FEBRUARY 28, 2019

Equifax CEO Mark Begor revealed that he has been the victim of identity theft three times in the past 10 years during a privacy hearing on Tuesday (February 26). including names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers. Begor made the confession after U.S.

Identity Theft

FICO

OCTOBER 30, 2017

Identity theft is growing at an exponential rate, leading to a rise in application fraud. Javelin Research reported a 17% rise in reported US identity theft victims , from 13.1 Identity theft, also known as third-party fraud losses, is just the tip of the iceberg. million to 15.4 Am I missing a topic?

Identity Theft

PYMNTS

MAY 21, 2020

Active-duty service members are 76 percent more likely to report identity theft than most people, according to data from the Federal Trade Commission (FTC). The FTC has said identity theft is a prevalent problem, with over 650,570 cases reported in 2019, or 20.3 percent of the 3.2 million fraud cases reported that year.

Identity Theft

PYMNTS

DECEMBER 4, 2018

The Federal Trade Commission announced Tuesday (December 4) it is seeking comment on whether the agency should make changes to rules requiring financial institutions and creditors to take certain steps to detect signs of identity theft affecting their customers. The deadline for submitting comments is February 11, 2019.

Identity Theft

Fintech News

DECEMBER 17, 2024

Revolut, a global neobank with over 50 million users, is set to introduce its upgraded security tool, Revolut Pay, to crypto customers in 2025, according to a CoinDesk report. Additional security measures, like brief interactions with customer service for high-risk transactions, ensure a balance between safety and user convenience.

Transactions

Payments Source

NOVEMBER 4, 2018

Synthetic fraud brings the pain from many angles — a fluid mix of fake credentials and phony accounts that can overwhelm traditional identity theft tools.

Identity Theft

VISTA InfoSec

FEBRUARY 25, 2024

This guide makes sensitive cybersecurity concepts approachable to enable smarter decisions in securing your systems against catastrophe. Most data breaches boil down to security failures and human error. Best Practices For Prevention Ultimately, consistent vigilance and proactive security safeguards offer the best breach protections.

Data Breach

Fintech Finance

AUGUST 28, 2024

However, this increase in digital payments also brings about heightened risks – almost one in five consumers surveyed has fallen prey to online identity theft. report falling victim to online identity theft, with two in five reporting that an incident resulted in accounts being opened in their name.

Identity Theft

Fintech News

APRIL 22, 2024

While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security.

Phishing

The Fintech Times

APRIL 22, 2024

Security is failing to keep pace with smartphone utilisation with compromised digital wallets and banking apps leading to growing identity threats, a report has revealed. It provides a digital panic button, empowering individuals to block access to various services and accounts all at once if they experience smartphone theft.

Identity Theft

The Fintech Times

FEBRUARY 21, 2024

Biometrics were a top choice for security measures with 68 per cent preferring to use fingerprints. Identity theft to open a new account is the top-ranked concern at 30 per cent. The post Biometrics are UK Consumers’ Favourite Security Measure as Desire For Fraud Protection Increases appeared first on The Fintech Times.

Consumer

Finezza

DECEMBER 10, 2023

As identity theft remains a constant concern, virtual card numbers provide a secure alternative for online transactions, offering peace of mind while simplifying payments. These numbers offer a secure, streamlined way for both individuals and businesses for payments.

Credit Cards

Basis Theory

DECEMBER 12, 2023

Why Does 3D-Secure Matter? 3D Secure ( 3DS ) provides an additional layer of security for online transactions, adding an identity confirmation partner to the standard communications between acquiring and issuing banks.

Identity Theft

Payments Source

APRIL 11, 2019

Tax-related identity theft can be especially worrisome, not only for the monetary consequences it carries, but tax documents often contain highly sensitive information, like Social Security numbers, writes Paige Schaffer, president and COO of Generali Global Assistance’s Identity and Digital Protection Services Global Unit.

Identity Theft

Payments Source

MAY 1, 2020

Adam Levin addresses the threats of cyber fraud and identity theft and what you can do to protect your customers' privacy and credit security.

Identity Theft

PYMNTS

OCTOBER 26, 2016

While it’s not uncommon for these Internet of Things (IoT) devices to be accessed by attackers looking for a stealthy way in, it’s also not uncommon for merchants to overlook these as a point of security vulnerability. to provide additional layers of security. Going Beyond PCI.

Payment Security