The Payments Association

FEBRUARY 10, 2025

Businesses must proactively assess fraud risks, implement adequate procedures, leverage technology for fraud detection, and foster a culture of compliance to avoid regulatory penalties. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. What’s next?

Crime

The Fintech Times

APRIL 22, 2024

Fighting fraud According to the research, not only were respondents’ social media and email accounts accessed, but one in four individuals also fell victim to digital wallet theft, resulting in monetary losses.

Identity Theft

PYMNTS

OCTOBER 21, 2020

The newest version brings together tank capacity, in-the-moment truck location and tank-level information into the fuel card authorization flow to assist in preventing monetary losses connected with driver theft and card fraud. billion annually in losses due to ineffective finance and administrative procedures.

Commercial Card

Stax

NOVEMBER 27, 2023

Of course, financial criminal activity doesn’t have to just lead to monetary loss—it could also lead to a data breach of customer information. eKYC support: A fully manual KYC procedure is almost never feasible given the global scale on which transactions take place. trillion a year.

Due Diligence