Fidesmo Integrates to Mastercard’s Token Connect and Partners with German Neobank VIMpay
- 1 year 3 months ago
- Cybersecurity, Fraud Detection
Fidesmo, a leader in providing secure and convenient contactless services, is proud to announce the successful completion of its integration between Fidesmo Pay and Mastercard’s Token Connect service, also known as MDES Token Connect. This pioneering partnership sets the stage for a new level of security and convenience in digital payments and marks Fidesmo Pay as the first tokenization platform for passive wearables to successfully implement... more
Brazen Consumer Attitudes to Fraud Revealed
- 1 year 4 months ago
- Fraud Detection
Over a third of all internet shoppers believe committing fraud against brands online is entirely legitimate. Research commissioned by fraud prevention provider Ravelin, reveals many consumers have a shockingly brazen attitude to fraud, with 37% saying they see nothing wrong with taking advantage of loopholes or gaps in retailers’ policies for their own gain.
External Fraud Enters Top 5 Ranking of Operational Risk Concerns in Latest Benchmark Report by ORX
- 1 year 5 months ago
- Fraud Detection
External fraud has entered the ORX Top 5 operational risks table, above business continuity and regulatory compliance. AI has been cited as key to driving this increase, as it fuels more sophisticated and harder to detect fraud schemes, successful at bypassing controls. The findings were published in a report from ORX, the world’s largest operational risk association which works with over 125 banks and insurers globally.
AU10TIX Q3 Global Identity Fraud Report Uncovers 56% Surge in Payment Sector, Correlated with Unprecedented Decline in Crypto
- 1 year 5 months ago
- Fraud Detection
AU10TIX, a global technology leader in identity verification and management, today released its Q3 2023 Global Identity Fraud Report.
TransUnion UK Wins Anti-Fraud Solution Award for a Second Year
- 1 year 5 months ago
- Fraud Detection
TransUnion, a global information and insights provider and one of the UK’s leading credit reference agencies, won best Anti-Fraud Solution for a second consecutive year at the Credit and Collections Technology Awards 2023.
Bank of Khyber Selects BPC to Enhance E-commerce Security with Advanced Debit Card Technology
- 1 year 5 months ago
- Cybersecurity, Fraud Detection
Bank of Khyber (BOK), one of Pakistan's leading banking institutions, has announced a significant partnership with BPC, a leader in financial technology solutions, to enhance e-commerce and online transaction security for its customers. Under the agreement, all Mastercard debit Cards of Bank of Khyber will be equipped with 3D Secure authentication, conforming to the latest industry standards.
Top Honours for LexisNexis Risk Solutions Behavioural Biometrics Tools from Leading Analyst Firm, Datos Insights
- 1 year 5 months ago
- Fraud Detection
LexisNexis® Risk Solutions earned recognition as a leader in the Global Behavioural Biometrics and Fingerprinting Solutions report from Datos Insights (formerly Aite-Novarica). It achieved best-in-class scores across three of the four criteria areas assessed: vendor stability, client strength and client service. The analysts also considered LexisNexis Risk Solutions to be a strong contender, bordering on best-in-class status, in the product... more
Featurespace Research Reveals 70% of North American Financial Institutions Have Experienced Increased Fraud Rates in 2023
- 1 year 5 months ago
- Fraud Detection
Featurespace, the world leader in enterprise-grade fraud and financial crime technology, today announces the data findings of a new report: The State of Fraud and Financial Crime in North America Annual Report 2023.
Young Banking Customers Losing Almost £550 to Fraud, According to Research
- 1 year 5 months ago
- Fraud Detection
Almost half (48%) of 25–34-year-olds have or know someone who has been a victim of financial fraud, with fraudsters taking £570 from people on average, according to new research out today. The data from GFT’s latest ‘Banking Disruption Index’, a quarterly survey of consumer sentiment towards digital banking, found that one in five (22%) victims had to wait up to two weeks to get their money back from their bank.
Feedzai and Mastercard to Expand Crypto Fraud Protection for Consumers Globally
- 1 year 5 months ago
- Fraud Detection
Feedzai a financial crime and risk management solution, and Mastercard – a global technology company in the payments industry - are combining technologies to increase crypto fraud protection for hundreds of millions of consumers.
Vesta and Stripe Partner to Help Increase Authorizations and Safeguard Customers from Fraud
- 1 year 6 months ago
- Fraud Detection
Vesta, a leading transaction guarantee platform, today announced a partnership with
Onfido Launches First Fraud Lab Capable of Creating Synthetic Attacks at Scale as Deepfakes Increase 31X
- 1 year 6 months ago
- Fraud Detection
Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools as the reason for a 31X increase in deepfakes and a 5X increase in digitally forged identities, making it easier for criminals to carry out sophisticated attacks. Onfido’s Fraud Lab has been launched as a response to these... more
Feedzai and CoreCard Partner to Protect Processing Market Against Rising Fraud Levels using Advanced AI
- 1 year 6 months ago
- Fraud Detection
Today Feedzai, the leading provider of financial crime and risk management solutions, has partnered with CoreCard, the gold-standard international provider of prepaid and credit technology solutions and processing services to banks and the financial technology and services market.
FYST Reveals Global Fraud Hotspots to Mark International Fraud Awareness Week
- 1 year 6 months ago
- Fraud Detection
As International Fraud Awareness Week gets underway, FYST, the one-stop payments consultancy for e-commerce businesses, has revealed the fraud hotspots in each geographical region according to Google Trend data.
Paays and Yoti Partner to Reduce Identity Fraud in Auto Financing
- 1 year 6 months ago
- Fraud Detection
Paays Financial Technologies Inc., a leading provider of Fraud Detection, KYC, AML and Income Verification software solutions in Canada, is pleased to announce a new partnership with Yoti, a leading digital identity company. Paays will integrate Yoti’s identity verification technology with the Paays ID Verifier solution, to streamline the customer journey, strengthen identity checks and reduce the risk of fraud in auto finance applications.
