New Report From PSR Shows How Fraudsters Exploit Major Platforms To Scam Consumers
- 5 days 13 hours ago
- Fraud Detection
Preventing Authorised Push Payment (APP) scams is one of the Payment Systems Regulator’s (PSR) top priorities. A new report from PSR shows how fraudsters exploit major platforms to scam consumers.
Featurespace Granted Latest U.S. Patent, Demonstrating Continued Innovation in Fraud and Financial Crime Prevention
- 1 week 3 days ago
- Fraud Detection
Global fraud and financial crime prevention company Featurespace’s technology has been granted a U.S. patent in the latest recognition of its world-class innovation.
The Majority of Merchants Challenge Fraudulent Chargebacks—But Rarely Win
- 1 week 3 days ago
- Fraud Detection
A recent survey conducted by Chargebacks911, the global chargeback technology leader, revealed that on average, 45% of all chargebacks filed against merchants stem from misuse or outright abuse—a practice commonly referred to as “friendly fraud.” Major card networks like Visa and Mastercard say this number can be as high as 75% for some merchants.
Bectran Joins Forces With Mastercard For Efficient Fraud Prevention
- 1 week 5 days ago
- Fraud Detection
Business identity theft is a rising threat among B2B credit operations. At the same time, these scams are proving increasingly difficult and time-consuming to detect, posing a significant challenge for operational efficiency.
Socure's First-Party Fraud Consortium Achieves Unprecedented Scale, Uniting Industry Leaders Across Industries to Combat $100B Problem
- 2 weeks 2 days ago
- Fraud Detection
Socure, the leading provid
MCB Bank Partners with BPC to Strengthen Digital Security with AI-Powered SmartVista Fraud Risk Management Solution
- 2 weeks 4 days ago
- Fraud Detection
MCB Bank Limited (MCB), one of Pakistan's leading banks, has selected BPC, a global leader in payment solutions, to strengthen the security of its digital channels by
Finix and Sift Introduce Advanced Fraud Monitoring, Enabling No-Code, AI-Powered Transaction Security
- 1 month 11 hours ago
- Fraud Detection
Finix, the full-stack payment processor enabling businesses to accept and send payments online and in-store, today unveiled Advanced Fraud Monitoring, a new no-code capability powered by Sift to help businesses better detect, monitor for, and p
Sift Unveils Critical New Metrics in Fraud Industry Benchmarking Resource (FIBR)
- 1 month 1 week ago
- Fraud Detection
Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today announced the release of new insights to the Fraud Industry Benchmarking Resource (FIBR), a free online tool powered by Sift that allows anyone to access key fraud metrics across industries, geographies, and time.
Strengthening Consumer Protection: New PSR Rules on APP Fraud
- 1 month 2 weeks ago
- Fraud Detection
The Payment Systems Regulator (PSR) introduced new rules aimed at tackling the rising threat of Authorised Push Payment (APP) fraud. For banks and financial institutions, this regulatory shift is more than just an obligation—it’s a moment to lead, innovate, and enhance customer trust. In the fight against online banking fraud, this regulatory update highlights the critical need for financial institutions to harness shared threat intelligence,... more
Deepfake Fraud Costs the Financial Sector an Average of $600,000 for Each Company, Regula’s Survey Shows
- 1 month 3 weeks ago
- Fraud Detection
Regula, a global developer of forensic devices and identity verification solutions, reveals new survey findings, “The Deepfake Trends 2024.” The stats highlight the financial impact deepfake fraud has on businesses across industries and countries. While the average loss for most organizations reached $450,000, the Financial Services sector experienced a greater burden, exceeding $603,000.
Worldline Partners With Visa Acceptance Solutions To Deliver Data-Driven Fraud Management Solution
- 1 month 4 weeks ago
- Fraud Detection
Worldline, a global leader in payment services, has announced plans to collaborate with Visa Acceptance Solutions, to launch an optimized fraud management solution. The relationship leverages both companies’ extensive transactional data and expertise, augmenting Worldline’s payment services with Cybersource Decision Manager solution to provide businesses with powerful fraud detection across industries.
Trulioo Launches Global Fraud Intelligence Capability
- 2 months 2 weeks ago
- Fraud Detection
Trulioo, an industry-leading identity platform with proven global coverage for person and
Almost All Banks Rule Out Guaranteed Full Refunds for APP Fraud Losses
- 2 months 2 weeks ago
- Fraud Detection
New fraud protections have come into effect today (7th October), and the personal finance comparison site
“It Simply Isn’t Good Enough” - Revolut Calls for Meta to Commit to Sharing Reimbursement of Fraud Victims
- 2 months 2 weeks ago
- Fraud Detection
Revolut, the global fintech with over 45 million global customers, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globally.
Numerated Partners with Alloy to Supercharge Fraud Prevention in Commercial Lending
- 2 months 2 weeks ago
- Fraud Detection
Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending. This strategic partnership will supercharge Numerated's lending automation capabilities by combining cutting-edge risk management with advanced automation, providing... more
