Report: Nearly 1 in 4 Consumers Who File Chargebacks Admit to “Friendly” Fraud
- 1 year 4 months ago
- Fraud Detection
Sift, the leader in Digital Trust & Safety, today released its Q4 2022 Digital Trust & Safety Index, which found that chargeback dispute rates have risen over 35% since Q1 2022, as everyday consumers increasingly seek to claw back money from businesses.
Brightwell’s Product Arden Named 2022 Winner in the BIG Award for Business
- 1 year 4 months ago
- Fraud Detection
Atlanta-based global payments technology company Brightwell announced today that its fraud prevention and mitigation solution Arden received the Business Intelligence Group’s BIG Award for Business and was named 2022’s New Product of the Year.
MANGOPAY and Nethone Join Forces to Provide Platforms and Marketplaces with Dedicated Anti-fraud Solutions
- 1 year 4 months ago
- Fraud Detection
MANGOPAY, the platform-specific payment infrastructure provider, is acquiring AI fraud detection and prevention company Nethone to develop and offer anti-fraud solutions designed specifically for marketplaces.
Mastercard and Ravelin Partner to Reduce Fraud and Create Frictionless Checkout in Digital Quick Commerce
- 1 year 6 months ago
- Fraud Detection
During the pandemic, online grocery orders rose by more than 50% and are expected to rise further this year, according to McKinsey research. More than ever, people make day-to-day purchases online, choosing quick commerce merchants that offer speed and convenience.
Experian Fraud Score Aims to Boost Fraud Prevention in the UK
- 1 year 6 months ago
- Fraud Detection
Experian has announced the launch of Experian Fraud Score, a next-generation fraud prevention solution which will help businesses of all shapes and sizes to detect fraud at the point of application, transaction and throughout the customer lifecycle. The service is independent of any data consortium membership, allowing organisations to have access to an advanced fraud prevention score ‘out-of-the-box’.
New Research Reveals Ireland is the Credit Card Fraud Capital of Europe
- 1 year 8 months ago
- Fraud Detection
Since March 2020, consumer spending habits have changed significantly, and that includes the way we use our credit cards online. Almost immediately, fraudsters tapped into this and found new ways of taking advantage of this with devious scams and cons that caused a drastic rise in fraud cases.
Cybercriminal ‘CEOs’: Master Fraudsters Making Almost Three Times the Amount of Top 100 FTSE CEOs
- 1 year 11 months ago
- Security, Cybersecurity, Fraud Detection
The fraud industry mirrors the size of the third largest economy* in the world, behind only the US and China
Latest ONS Figures Point To Rising Digital Fraud
- 1 year 11 months ago
- Fraud Detection
Josh Gunnell, director of fraud & ID at TransUnion in the UK, comments on the recent ONS fraud statistics:
SEON Raises $94 Million in Series B
- 2 years 4 hours ago
- Fundraising News, Fraud Detection
SEON, a London-based Anglo-Hungarian startup that powers online fraud prevention raised $94 million in Series B funding.
Four in 10 UK Consumers Say Targeted by Online Fraud
- 2 years 1 day ago
- Fraud Detection, FinTech StartUps
According to TransUnion’s 2022 Global Digital Fraud Trends Report, 42% of UK consumers say they have been targeted by online fraud in the past three months
Surecomp Introduces Duplicate Financing Fraud Prevention as Industry Utility
- 2 years 1 week ago
- Fraud Detection, Risk Management
Surecomp® today announced it is providing a new solution based on advanced cryptographic technology allowing financial institutions to mitigate the risk of duplicate financing fraud.
Expansion Continues for PXP Financial with Canada Launch
- 2 years 1 week ago
- Payments, Data Protection, Fraud Detection, Data
Ontario launch marks the next step for payment experts after successful US expansion. PXP Financial Inc., the US subsidiary of PXP Financial Ltd., an expert in global acquiring, payment, fraud and data analysis services, has today announced its arrival in Canada.
NatWest Group Partners with Bottomline to Reduce Payment Fraud
- 2 years 2 weeks ago
- Payments, Fraud Detection
Bottomline, a leading provider of financial technology that makes business payments simple, smart and secure, today announced the NatWest Group has adopted Bottomline’s Confirmation of Payee (CoP) solution to service their Agency Institutions in the fight against authorised push payment fraud (APP) across the UK.
One-minute Verification: Sumsub Helps Bybit Quickly Onboard Global Users and Fight Fraud
- 2 years 2 weeks ago
- Fraud Detection, Compliance, AML and KYC
Sumsub is ready to share the results of their partnership with Bybit. Sumsub, an internationally-acknowledged identity verification and KYC/AML compliance provider, is ready to present the results of their partnership with Bybit, a global crypto trading and staking platform with over 6 million users worldwide.
Payment Fraud: Steps to Take if Your Business Gets Scammed
- 2 years 2 weeks ago
- Payments, Security, Fraud Detection
Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending on the severity of the crime and the losses incurred, the very survival of the business may be at stake.
