The Payments Association

JANUARY 13, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

Scams 88

Scams Romance Scams Phishing Volume 88

Fintech News

MARCH 24, 2025

Furthermore, 62% of businesses are using artificial intelligence (AI) to help prevent fraudulent transactions in their stores. Phishing Phishing is one of the most common scam tactics in Singapore. In 2024, phishing scams were the third most concerning type of scam in Singapore. Victims lost a total of S$59.4

Phishing 52

Phishing Scams Payments Online and Mobile Banking 52

The Payments Association

OCTOBER 28, 2024

Financial institutions and payment providers are stepping up their efforts, and according to the report, more than £710 million in unauthorised transactions were thwarted during this same period. This rise underscores the need for vigilance in both online and physical transactions.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Payments Association

DECEMBER 10, 2024

Understanding AI-enabled fraud As fraudsters invest in more sophisticated technology, including deepfakes, synthetic identities and automated phishing, the need for payments firms to adopt better AI-driven fraud detection systems grows. fingerprints, facial recognition), and behavioural biometrics (e.g.,

AI 88

AI Fraud Detection Fraud Prevention Deepfake 88

Clearly Payments

DECEMBER 19, 2024

Mobile Wallets Account for a Massive 30% of Global Transactions Mobile wallets like Apple Pay, Google Pay, and Samsung Pay have become household names. In 2024, theyre expected to account for nearly a third of all global transactions. Common types include card-not-present fraud, phishing attacks, and identity theft.

BNPL 105

BNPL Contactless Payments Processors Payments 105

The Fintech Times

FEBRUARY 14, 2025

In a new report on global identity fraud in 2024, AU10TIX highlights how FaaS platforms offer all of the tools, templates and automation that fraudsters need to commit widescale identity fraud, deepfakes, and cyberattacks, including: Deepfake generators to create synthetic selfies and videos Botnets to automate mass-scale account creation and takeover (..)

Deepfake 78

Deepfake APACS Law Enforcement Fraud Detection 78

Fintech Review

APRIL 20, 2025

In todays financial ecosystem, technology drives nearly every transaction. The risks range from phishing and account takeovers to ransomware and insider threats. From day one, they can build trust by offering secure onboarding, encrypted communication, and transaction monitoring.

Finance 59

Finance Security Fraud Detection Encryption 59

The Fintech Times

MARCH 12, 2025

AI-generated deepfakes , synthetic identities and hyper-targeted phishing attacks are just some of the cyberthreats on the rise. Consequently, this will strengthen payment security by identifying and blocking suspicious transactions, card fraud, and chargeback abuse. As fraud evolves, organisations’ cyber defences must too.

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

Fintech Finance

DECEMBER 4, 2024

Specifically, more than half (58%) dealt with phishing scams in the past 12 months, where scammers pretended to be trusted companies to steal their personal information through email. In addition to the financial toll, online fraud is impacting the productivity of small businesses.

Account Takeovers 104

Account Takeovers Small Business Phishing Scams 104

Fi911

JUNE 9, 2025

Financial institutions handle high-value transactions daily, maintain extensive vendor networks, and operate under tight deadlines; all conditions that BEC attackers exploit ruthlessly. These attacks often coincide with travel schedules or major transactions when verification becomes difficult.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

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. A £3.5tn trillion opportunity Cross-border residential property transactions represent a £3.5 The platform helps international buyers in the $3.5

Multi-Currency 52

Multi-Currency Identity Theft Cross-Border Payments 52

The Fintech Times

FEBRUARY 3, 2025

per cent of transactions in 2024, with fraudsters increasingly leveraging artificial intelligence tools to target financial institutions, according to new research from AuthenticID, an identity verification provider. Identity fraud rates reached 2.1

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

Stax

MARCH 27, 2025

To choose the right payment method, consider transaction volume, transfer speed, cost, and security. ACH payment is more affordable and can be automated and payee-initiated, making it ideal for recurring transactions and subscription payments. Thats Electronic Funds Transfer (EFT) in action. Lets look into that closely below.

ACH 88

ACH Electronic Funds Transfer (EFT) Wire Transfer Wire 88

The Fintech Times

NOVEMBER 27, 2024

Technology has given fraudsters new life, and while many are experimenting with new methods of attack, older forms of attack such as phishing have also risen to new highs. Send-to-Name Looking to prevent this, MatterFi has launched its Send-to-Name solution which allows users to transact seamlessly and safely.

Phishing 64

Phishing Scams Money Laundering Addressing 64

The Payments Association

APRIL 22, 2025

Other Channels Exploited Email services and search engines are targeted via phishing emails and fraudulent ads, redirecting victims to fake websites or impersonated organisations. Other platforms also affected: Search engines and email services are commonly used for phishing schemes and fraudulent advertisements. of total losses.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

The Fintech Times

APRIL 23, 2025

Hacking and malware rank jointly as the most common forms of attack suffered by small businesses at 32 per cent each, with phishing a close second at 31 per cent. UAE cybersecurity spotlight The study notes that 47 per cent of the SMEs surveyed in the UAE have witnessed a cyberattack.

Visa 49

Visa Cybersecurity Small Business Phishing 49

Fintech Finance

FEBRUARY 20, 2025

Runa Assures compliance, fraud, and security defenses are integrated throughout the entire payout transaction lifecycle, with no extra cost or action required for clients or recipients. Unlike other fraud and security models that focus on payment acceptance, weve designed a fraud and security engine specifically to protect payouts.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

Stax

APRIL 10, 2025

Contact us 10 Top Payment Methods for Small Businesses Credit and debit card payments Card payments (credit cards and debit cards) account for 50% of the total number of small business transactions and remain the primary way customers make purchases on-site and online. You will need POS terminals to accept and process in-person card payments.

Small Business 88

Small Business Wire Transfer BNPL ACH 88

The Payments Association

JUNE 11, 2025

The industry needs systems that scale seamlessly with transaction volume while minimising friction for legitimate customers. It's crucial to focus on prevention before transactions and address friendly fraud abuse through streamlined, single-platform solutions that transform fraud prevention into a growth enabler."

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

The Payments Association

JULY 15, 2025

Any fraud prevention tools companies utilise should focus on precision, speed, data, and seamless integration across the entire transaction lifecycle.” The significant gap between fraud concerns and AML compliance suggests that immediate transactional threats are perceived as more urgent than regulatory adherence.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AI 88

Fintech Review

APRIL 11, 2025

Their technology reduces friction in both consumer and business transactions. It covers identity verification, anti-money laundering (AML), transaction monitoring, and reporting automation. Fintech companies must verify customer identities and monitor transactions for suspicious activity. Cybersecurity is a persistent concern.

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cross-Border 52

Finextra

JULY 14, 2025

ACH transactions will surge over a few weeks, placing stress on operations teams and core banking systems that may not be prepared for such a rapid increase. Phishing and social engineering scams targeting consumers will also become more prevalent, further complicating the landscape. One major concern is the volume spike itself.

ACH 52

ACH Checks Tax Refunds Risk 52

Fintech Finance

MARCH 5, 2025

In an era where fraud methods are becoming increasingly sophisticated, with phishing, vishing, identity theft, and other forms of fraud, it is essential for financial institutions to have tools that adapt and respond to dynamic threats. This solution protects transactions while ensuring a smooth and frictionless experience for customers.

Fraud Detection 52

Fraud Detection AI Fraud Prevention Identity Theft 52

The Fintech Times

MARCH 14, 2025

With tools like deepfake identity generators, fake KYC documents, and automated phishing scams, cybercriminals are launching sophisticated attacks at scale. One of the biggest breakthroughs is Pay by Bank transactions. The appeal of faster, cheaper transactions is obvious. But even the best defences arent foolproof.

FinTech 59

FinTech Consumer Financial Protection Bureau (CFPB) Fraud Detection AI 59

The Fintech Times

DECEMBER 6, 2024

Over the past 12 months, 58 per cent of surveyed SMEs said they had to deal with phishing scams. Additionally, a quarter (26 per cent) experienced chargebacks on completely legitimate transactions, and over two in 10 (23 per cent) faced carding attacks, where stolen cards were tested at checkout, leading to spikes in failed transactions.

Account Takeovers 80

Account Takeovers Phishing Small Business Cybersecurity 80

The Fintech Times

DECEMBER 19, 2024

Additionally, rising transaction volumes (29 per cent) and the expansion of the supplies base (25 per cent) were also listed as critical risk factors. Remote work has weakened traditional security, requiring secure systems and innovative solutions like decentralised finance and blockchain for transparent vendor transactions.

Automation 59

Automation AI Fraud Prevention Deepfake 59

Neopay

JUNE 20, 2025

The increase may be due to more complex methods being used, such as social engineering methods to convince victims to divulge one-time passcodes (OTPs), which are used by criminals to authenticate illegal transactions. APP fraud losses fell by 2% in 2024 but still amounted to £450.7 million with 186,000 cases. million with 186,000 cases.

Continuity 52

Continuity Security Fraud Prevention Law Enforcement 52

Finextra

JUNE 23, 2025

For instance, imagine a fraud analyst investigating a suspicious transaction. GenAI is particularly good at processing sequential data and spotting subtle differences between legitimate and fraudulent patterns, often leading to much earlier identification of fraudulent transactions than previous analytical methods.

AI 52

AI Risk Payment APIs and Integration Fraud Detection 52

Fintech News

JANUARY 14, 2024

No less than 219 customers of DBS Bank have reportedly been duped by sophisticated phishing scams in the first two weeks of 2024, resulting in a collective loss of approximately S$446,000 (US$335,000), Channel News Asia learned from a joint statement by the Singapore Police Force and DBS on Sunday (14 Jan).

Phishing 109

Phishing Scams Authorization Transaction Limits 109

Fintech News

FEBRUARY 28, 2024

Singapore’s fight against phishing scams saw notable progress in 2023, with a reported 16% decrease in cases and a 14% reduction in financial losses compared to the previous year. MAS will continue to support national education campaigns to raise awareness about scam tactics and the importance of exercising caution.

Phishing 108

Phishing Scams Authentication Authorization 108

Fintech News

DECEMBER 17, 2024

The new offering aims to address the rising fraud risks in digital asset transactions. It integrates advanced features, including know-your-customer (KYC) name matching, fraud alerts, proof of crypto delivery, and transaction risk scores.

Transactions 113

Transactions Identity Theft Security Phishing 113

PYMNTS

NOVEMBER 15, 2016

Research by Kaspersky Lab revealed that when the holiday shopping season unofficially kicks off on Block Friday, the number of financial phishing attacks is expected to surge. Financial phishing in all of 2014 was 28.73 percent, while in Q4 alone the result was 38.49 In 2015, 34.33 percent of all attacks. “In

Phishing 72

Phishing Blocks Research Transactions 72

PYMNTS

JULY 25, 2019

billion people send around 269 billion emails every single day – this type of online communication is vulnerable to phishing attacks. Recent research indicates 30 percent of targeted attempts are made via phishing emails, and that 15 percent of victims are repeat targets. Businesses spent $2.09

Phishing 69

Phishing Fraud Detection Automation Ransomware 69

PYMNTS

AUGUST 2, 2019

To combat fraud — especially phishing — united we stand? As noted in the latest Digital Fraud Tracker , phishing attacks are up 76 percent this year compared to last year. Verizon has estimated that 30 percent of phishing messages are opened by their intended targets.

Phishing 79

Phishing Scams IRS Request for Information 79

PYMNTS

JULY 2, 2020

But the bad news is that fraudsters see a once-in-a-lifetime opportunity to jump into the increased flow of transactions, Gary Sevounts , executive at fraud detection firm Kount , told PYMNTS in a recent conversation. Account takeover fraud, phishing scams and friendly fraud have all seen upticks of late.

Transactions 112

Transactions Push-to-Card Account Takeovers Fraud Prevention 112

VISTA InfoSec

MAY 12, 2024

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Many cyberattacks specifically target people through phishing and other kinds of social engineering.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

VISTA InfoSec

JUNE 18, 2024

Next, analyze potential risks like malware infections, phishing scams, or disgruntled team members leaking sensitive data. Encrypt everything from customer records to financial transactions for advanced data protection. Kick things off with phishing awareness training. Outdated software?

Data Security 266

Data Security Security Encryption Cybersecurity 266