ID-Pal Joins The Payments Association to Lead the Fight Against AI Fraud in the Payments Industry
- 1 day 22 hours ago
- Fraud Detection
ID-Pal, a leading provider of AI-powered identity verification solutions, today announced its membership with The Payments Association, an influential community of industry leaders and innovators committed to shaping the future of payments.
New Global Survey Shows Nearly Half of Financial Services Executives Struggling to Manage Credit Risk and Detect and Prevent Fraud
- 1 week 2 days ago
- Fraud Detection
A new survey shows nearly half of all financial services executives are struggling with managing credit risk and detecting and preventing fraud. The survey also shows many are revamping their credit risk decisioning and fraud prevention strategies in 2025, with AI playing a prominent role.
Safer Internet Day: Ecommpay Records Significant Success in Fraud Protection for Merchants
- 2 weeks 2 days ago
- Fraud Detection
Ahead of Safer Internet Day 2025 (11th February), inclusive global payments platform, has reported its latest data on fraud protection for e-commerce merchants. Since early 2022, Ecommpay’s market-leading Graph Analysis tool has unveiled nearly 13,000 fraudulent chains involving almost 51,000 users across 207 unique merchants. 29% were confirmed scammers, while others were part of unsuccessful or unreported fraudulent attacks.
Worldpay to Acquire Ravelin, a Leading AI-Native Fraud Prevention Platform
- 2 weeks 2 days ago
- Fraud Detection
Worldpay®, a global industry leader in payments technology and solutions, today announced it has entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform headquartered in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of value-added solutions and enable merchants of all sizes to grow faster and protect their businesses as fraud activity accelerates globally.
AuthenticID Annual Report Reveals Surge In Identity-Based Fraud Across Businesses
- 3 weeks 18 hours ago
- Fraud Detection
Nearly half of businesses reported a growth in synthetic identity fraud, while biometric spoofs and counterfeit ID fraud attempts also increased, according to the 2024 State of Identity Fraud Report, released today by AuthenticID, a global leader in identity proofing and fraud prevention solutions. With identity fraud skyrocketing across multiple industries globally, the report offers a pulse check for business and consumer identity fraud.
Nova Credit Announces Advanced Document Fraud Detection for Income Navigator
- 3 weeks 1 day ago
- Fraud Detection
As the threat of fraud rises with the increasing use of generative AI, traditional methods of verifying consumer information have become inadequate. A recent study projects AI-driven fraud losses could reach $40 billion by 2027, highlighting the urgent need for more sophisticated fraud prevention. This risk is particularly acute in document-based income verification, where fraudsters use falsified documents to gain approval for apartments,... more
One In 10 Travellers Have Been A Victim Of Payment Fraud When Booking A Hotel
- 1 month 2 days ago
- Fraud Detection
New research published today by Adyen, the global financial technology platform of choice for leading businesses, has found that one in 10 hotel guests have been a victim of payment fraud when booking a hotel or as a consequence of staying at the accommodation.
Salv Opens Applications For Bridge Cohort To Protect Customers From APP Fraud And Disrupt Criminal Networks
- 1 month 6 days ago
- Fraud Detection
European Regtech scale-up Salv is inviting applications for the next cohort of its acclaimed Salv Bridge network. This exclusive cohort of 30 banks, fintechs and crypto companies will share intelligence to tackle the growing issue of Authorised Push Payment (APP) fraud.
New Report Reveals Account Name Verification Tops Finance Teams’ Technology Priorities Heading Into 2025
- 1 month 1 week ago
- Fraud Detection
AccessPay, the leading bank integration provider, today announced the release of its new report: Finance Trends 2025. This marks the third year that AccessPay has published the report, which is based on an online survey of finance professionals.
IXOPAY and Riskified Announce Partnership to Boost Fraud Prevention and Enhance Enterprise Payment Orchestration
- 1 month 1 week ago
- Fraud Detection
IXOPAY, a leading enterprise payment orchestration platform, and Riskified, a leader in ecommerce fraud and risk intelligence, today announced a strategic partnership to enhance payment security, reduce fraud challenges and increase payment operation resilience. As global payment ecosystems become more complex, so do the associated risks. IXOPAY and Riskified are teaming up to provide businesses with a seamless, secure and efficient way to... more
PXP Financial Strengthens Fraud Prevention With DisputeHelp
- 1 month 2 weeks ago
- Fraud Detection
PXP Financial, the experts in global acquiring, payment, fraud and data analysis services, today announces the launch of Compelling Evidence 3.0 and Order Insight (OI & CE3.0) in collaboration with DisputeHelp. The solutions serve as a fraud prevention framework designed to combat first-party fraud and reduce chargebacks for merchants.
New Report From PSR Shows How Fraudsters Exploit Major Platforms To Scam Consumers
- 2 months 6 days 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
- 2 months 1 week 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
- 2 months 1 week 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
- 2 months 2 weeks 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.
