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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

From shifts in unauthorised card fraud to the evolving nature of authorised push payment scams, there’s a lot to unpack—and a lot at stake. This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. What’s next?

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Thredd Launches Suite of Enhanced Compliance and Risk Services

Fintech Finance

Fraud Management Services: Around-the-clock card payment fraud transaction monitoring and expert advice on fraud strategy and rule definition based on your programme KPI’s. Scam Transaction Monitoring: Safeguards customers and programmes from the growing threat of Authorised Push Payment (APP) fraud.

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Senators push payments fraud task force

Payments Dive

senators are proposing legislation that would create a task force to study payment scams and suggest ways for lawmakers and regulators to combat them , along with formulating industry best practices. By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. You can unsubscribe at anytime.

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Revolut Deploys AI to Combat Card Scams, Reports 30% Fraud Loss Reduction

Fintech News

Global neobank Revolut has rolled out an advanced artificial intelligence (AI) feature designed to shield its 35 million users worldwide from the growing threat of card scams. If a high risk of scam is detected, the transaction is automatically declined.

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APP fraud: Mid-year review

The Payments Association

The early impact of the UK’s mandatory reimbursement policy for authorised push payment (APP) scam victims, implemented in October 2024. Authorised push payment (APP) scams remain one of the most devastating forms of financial fraud affecting UK consumers. Why is it important? What’s next?

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Visa, FIS boost value-added card services

Payments Dive

Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Dive Brief Visa, FIS boost value-added card services The companies say they aim to strengthen tech tools available for smaller financial institutions in issuing cards.

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ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028

Fintech Finance

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Financial institutions also face significant erosion of trust and rising customer attrition as consumers fall victim to APP scams.

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