The Fintech Times

JULY 2, 2025

The service is a key initiative of the sector’s Scam-Safe Accord, a set of safeguards by banks to crack down on fraud efforts by bad actors. It’s a simple concept, but it adds a powerful extra layer of protection for everyday transactions.”

Payee 64

Payee Scams Checks Technology 64

The Fintech Times

APRIL 2, 2025

WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform. Encryption does not equate to immunity from scams.

Scams 59

Scams Consumer Financial Crimes Encryption 59

The Payments Association

APRIL 22, 2025

Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important?

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

Fintech Finance

NOVEMBER 7, 2024

Ant International, a leading global digital payment and financial technology provider headquartered in Singapore, has been intensifying its integration of Artificial Intelligence (AI) technologies to enhance and secure millions of daily cross-border transactions for merchants across over 200 global markets.

Cross-Border 97

Cross-Border Deepfake AI Transactions 97

Fintech News

NOVEMBER 10, 2024

The State of Scams: Fall 2024 Biannual Threats Report, released end of October, highlights emerging threats and scams targeting the payment ecosystem, emphasizing the heightened complexity of fraud schemes and the availability of AI-driven tools.

Ransomware 119

Ransomware Data Breach Scams AI 119

Fintech Review

MARCH 11, 2025

ScamAlert transforms customers into active defenders against increasingly sophisticated scams. This is particularly crucial because, in many scams, customers validate fraudulent transactionseffectively handing scammers the green light to continue their schemes.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

Finovate

JULY 17, 2025

Financial crime prevention innovator BioCatch has launched its behavior-based scam-fighting solution, BioCatch Scams360. The new offering helps financial institutions deal with social engineering-based scams such as authorized push payment (APP) fraud. Founded in 2011, BioCatch made its Finovate debut at FinovateFall 2014 in New York.

Scams 52

Scams Financial Crimes Law Enforcement Email Compromise 52

Fintech News

DECEMBER 17, 2024

Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. Last month, Visa published its annual Holiday Threats Report, which highlighted rising scam trends and provided tips for safer shopping during the holiday season.

Fraud Prevention 113

Fraud Prevention AI Account Takeovers Blocks 113

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. 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.

Scams 88

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

The Fintech Times

DECEMBER 16, 2024

The Australian Securities and Investments Commission (ASIC), the country’s financial regulator, has filed documents against HSBC Bank Australia as it alleges the bank failed to adequately protect customers from being scammed out of millions of dollars. This resulted in some customers getting scammed out of $90,000 or more.

Scams 64

Scams Online and Mobile Banking Non-Bank Transactions 64

Fintech News

JUNE 3, 2025

This follows a taskforce review that identified increasing misuse of the machines in scam and fraud-related activity, particularly among older Australians. AUSTRAC said the findings were particularly concerning, noting that people in this age group appeared to be frequent scam victims and were overrepresented in cash-for-crypto transactions.

ATM 70

ATM Money Laundering Scams Digital Currency 70

Fintech Finance

DECEMBER 6, 2024

Using device-based biometrics, such as fingerprints or facial scans, payment passkeys replace other authentication methods like one-time passwords (OTPs) to make online transactions not only faster and more convenient, but also more secure against fraud and scams. Upon successful authentication, the transaction is completed.

Visa 98

Visa Authentication Scams Payments 98

Fintech News

FEBRUARY 4, 2025

Phishing continues to be one of the most prevalent scams affecting both consumers and businesses. These synthetic identities are then used to deceive retailers, making fraudulent transactions harder to detect. Fraudsters use small transactions or sign up for free trials to check if a card is active.

Fraud Prevention 106

Fraud Prevention Phishing Authentication Disputes 106

Fintech Finance

OCTOBER 31, 2024

We’re responding by meeting clients where they are by being equally committed to the back office as we are to global transaction processing,” said Jim McCarthy, CEO of Thredd. Scam Transaction Monitoring: Safeguards customers and programmes from the growing threat of Authorised Push Payment (APP) fraud.

Compliance 95

Compliance Risk Push-to-Card Scams 95

The Fintech Times

FEBRUARY 19, 2025

Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

Visa 59

Visa AI Consumer Scams 59

Finextra

JULY 7, 2025

Fraud-fighting models double detection rates, block over $350 million in attempted theft for the case and slice scam losses by up to 50 percent, with one bank saving 17 percent more funds for clients and processing 250,000 security queries each month. Impact: Customers have a “sticky” engagement (averaging 2.7

AI 114

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 114

Tearsheet

JANUARY 28, 2025

This came with a 27% increase in transaction volume YOY for the firm, showing how quickly the Zelle network is expanding. million fraud reports with only 5% of those scams occurring through P2P networks. Fighting fraud and scams is not a new initiative for Zelle. In this edition, we focus on Denise Leonhard, GM of Zelle.

Zelle 52

Zelle Transactions Credit Union P2P 52

The Payments Association

JUNE 16, 2025

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?

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Fintech Finance

FEBRUARY 13, 2025

The total dollar amount sent on the platform increased 27% from 2023, while transaction volume on Zelle totaled 3.6 Zelle transactions grew 25% from 2023 to a total of 3.6 Small businesses sent or received more than 500 million transactions in 2024, a 32% increase from 2023. billion, a 25% increase from the prior year.

Zelle 86

Zelle Credit Union Scams Small Business 86

The Fintech Times

MARCH 31, 2025

This presents an opportunity for banks to communicate risks and warnings to their customers while providing a strong scam defence.” ” Driving RTP education FICOs RTP survey also looked at global opinions comparing the payment method to other forms of transactions.

Real Time Payments 64

Real Time Payments RTP Consumer Scams 64

The Fintech Times

MAY 28, 2025

Argentinian banks Banco Galicia and Santander, as well as Argentina-based fintech Naranja X, have joined BioCatch Trust Argentina, the western hemispheres first inter-bank, real-time fraud and scams intelligence-sharing network. Reducing the number of customers who fall victim to scams is our priority.”

Scams 45

Scams Fraud Prevention Financial Crimes Crime 45

The Payments Association

JANUARY 3, 2025

Mark McMurtrie (TPA) opened the session by presenting data showing how fraud tactics have shifted from physical card theft to more sophisticated digital scams. Instead, it encompasses increasingly complex schemes that exploit systemic gaps, from first-party fraud to sophisticated AI-driven scams.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

Fintech Finance

FEBRUARY 13, 2025

In recent years, Real-Time Payments (RTP) have seen a rapid rise in use among individuals and businesses across Asia Pacific, allowing transactions to be settled between accounts at different financial institutions within secondssomething which in the past often took a matter of days.

Money Laundering 75

Money Laundering Financial Crimes Crime Visa 75

Payments Dive

JUNE 12, 2025

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. Impostor scams represented the largest area of fraud, followed by scams related to online shopping, per the FTC.

Law Enforcement 88

Law Enforcement Scams Payments Zelle 88

The Payments Association

JANUARY 21, 2025

With in-depth data covering global market penetration, transaction values, and consumer preferences, the insights presented here will empower decision-makers to refine their strategies, enhance operational efficiency, and capitalise on the growing demand for innovative payment solutions.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Fintech News

MAY 11, 2025

The added step is intended to create a deliberate pause, giving users time to verify their actions and reduce the risk of unauthorised transactions. DBS also works with authorities and community groups to promote scam awareness. In 2024, it held over 300 digital literacy and anti-scam workshops, reaching 90,000 people.

Phishing 62

Phishing Push-to-Card Scams Authorization 62

The Payments Association

NOVEMBER 12, 2024

trillion in illegal funds circulated globally, with fraud and scams contributing to $485.6 We’ve seen a slight uptick this year in firms considering the ability to build their own in-house transaction monitoring,” he notes, emphasising the allure of control and customisation for companies considering building their own product.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 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

Fintech News

JULY 21, 2025

2 Responsible and Trusted Financial Centre Source of image: freepik on Freepik In this specific segment, MAS has rolled out several initiatives for countering online scams. This provides affected scam victims with payouts when lapses occur.

FinTech 70

FinTech Scams AI Risk 70

Fintech Finance

JULY 11, 2025

Major milestones have been reached on Confirmation of Payee, Faster Payment transactions, Authorised Push Payment (APP) reimbursement, card fee reviews and potential remedies proposed. The PSR continued the rollout of Confirmation of Payee requirements across Faster Payments, covering more than 99% of transactions.

Payee 52

Payee Faster Payments Push-to-Card Regulations 52

Payments Dive

JUNE 30, 2025

Editors picks Spencer Platt/Getty Images via Getty Images Zelle, big banks challenge senators on scam reimbursements Forcing banks to reimburse authorized payments could encourage bad behavior and would not deter scammers, bank executives said in a Senate hearing. Sign up A valid email address is required.

Card Services 97

Card Services Value Added Service Privacy Push-to-Card 97

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 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. Account takeover scams saw a dramatic increase of 250 per cent last year. Identity fraud rates reached 2.1

Deepfake 81

Deepfake Account Takeovers Identity Theft Scams 81

The Fintech Times

JUNE 18, 2025

This could help tackle increasingly common new forms of payment scams, including ‘spoofing fraud’, which happens when a fraudster pretends to be a customer’s payment service provider to gain trust and trick the user into carrying out financial actions. “At the same time, we need to encourage innovation in the sector.

Correspondent Bank 45

Correspondent Bank Rules IBAN Duplicate 45

The Fintech Times

APRIL 7, 2025

The announcement , which was made on the central bank’s YouTube channel, announced four new features coming to Pix : Pix instalments Pix under warranty Pix transaction disputes Pix scheduling Pix Parcelado The pay over time functionality for Pix, called Pix Parcelado, will allow users to use credit to pay for a Pix transaction.

Central Bank 52

Central Bank Payer Security Disputes 52

Finextra

JUNE 25, 2025

What began as a tool for basic automation has evolved into a powerful intelligence layer, quietly reshaping how we fight fraud, route transactions, and deliver seamless, personalised payment experiences. AI enables real-time defence by continuously learning from behavioural patterns, device signals, geolocation, and transaction metadata.

Fraud Detection 59

Fraud Detection AI Payments PCI DSS 59