SEON, the fraud fighters, has announced its partnership with Patreon, the leading membership platform, home to over 200,000 creators and supported by more than 6 million active patrons, which will be utilising SEON’s unique and innovative fraud prevention solution to help fight fraud and abuse in its membership platform.
MonetaGo Reaches Over 1 Million Transactions in India, Onboards Five New Clients in the Country in Fresh APAC Push
MonetaGo, the pioneer in using blockchain technology to fight fraud and inefficiencies in financial workflows, has gained fresh momentum in its APAC expansion. The company has over one million transactions in India. This comes alongside five new Indian alternative finance platforms being onboarded to MonetaGo’s Secure Financing solution, which mitigates the risk of double invoice financing.
buguroo, the leading provider of customer identification solutions to prevent online fraud for the financial sector, today announced its 3D Secure solution to enable credit and debit card issuing financial organisations accurate and frictionless 3D Secure risky transaction verification. The new solution utilises behavioural biometric analysis to quickly identify fraudulent eCommerce, Card-Not-Present (CNP) transactions and prevent lost revenue... more
Featurespace™, the leading provider of Enterprise Financial Crime prevention software announced that Istanbul-based Akbank has selected the ARIC™ Risk Hub to reduce fraud risk, while increasing acceptance rates across all transactional channels for its nearly 18 million customers.
Online scams are a huge problem in many industries and the emerging Bitcoin space is no exception.
Increased Contactless Spending Could Be Linked to Higher Fraud and Payment Disputes, Warns Global Risk Expert
Monica Eaton-Cardone, COO and Co-Founder of merchant dispute specialist, Chargebacks911, and its revolutionary new financial institution brand, Fi911, warns of the chargeback and fraud risks associated with the increase in contactless payments following the COVID-19 outbreak. In a bid to reduce human interaction, the use of cash, and the touching of contact points such as PIN pads and cash machines, the UK’s contactless spending limit increased... more
UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the countries saw increases in card fraud losses in 2019 according to the report, based on data from Euromonitor International and UK Finance.
Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, has been selected by Singapore-based online marketplace Carousell to safeguard its platform against fraud and enhance the speed and efficiency of customer notifications.
The FinTech Modulr has today launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK. The feature provides an extra layer of defence to protect Modulr’s customers from malicious redirect payment fraud, also known as authorised push payment (APP) fraud. This is the second Modulr product launch to come out of its £10m grant from the Capability and Innovation Fund (CIF) under the RBS Alternative Remedies package. Modulr... more
Onfido Receives £5M Grant From UK Banking Competition Remedies to Improve Access to Financial Services for SMEs
Today, the Board of Banking Competition Remedies Ltd (BCR) announced it is awarding Onfido a £5M grant from the Capability and Innovation Fund Pool, which facilitates development and innovation of financial technology that is relevant to Small and Medium Enterprises (SMEs).
Every major organisation in the United Kingdom has customers that are up to no good, potentially with criminal intentions. Fraudsters and money launderers are clever and, once through the onboarding process and into a company, are able to work and manipulate the system.
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announc
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced it is extending its partnership with Three UK to combat eCommerce fraud, which has increased during the Covid-19 pandemic.
TransUnion enhances document verification solution as new research finds identity fraud at center of many digital COVID-19 scams
New research from TransUnion’s (NYSE: TRU) Consumer Financial Hardship studies found that phishing is the top digital fraud scheme worldwide related to the COVID-19 pandemic. Among consumers reporting being targeted with digital COVID-19 schemes globally, 27% said they were hit with pandemic-themed phishing scams. To help prevent identity fraud that can result from phishing, TransUnion announced today new enhancements to its Document... more