For years, fraud prevention lived in the shadows of digital commerce. It was essential, yes, but also costly and largely invisible. Merchants typically treated it as a tax on growth, something to be minimized rather than mastered. Risk decisions were outsourced to payment processors and...
Merchants are discovering that fraud is no longer a problem they can solve at checkout alone. It is a systems challenge that runs through every step of the payment flow, from onboarding to post-transaction disputes. That is the central message of “Orchestrating Trust: The Future...
Watch more: Need to Know With Spreedly’s Adam Hiatt Conveniences can come with a cost. And that cost, at least across digital commerce, is that it grows the attack surface for fraud. The result is a familiar paradox: The more seamless the customer journey becomes,...
Fraud prevention is no longer defined by how many tools a merchant deploys, but by how well those tools work together across the full payment journey. That is the central insight of PYMNTS Intelligence’s December Payments Orchestration Tracker, “Orchestrating Trust: The Future of Fraud Prevention...
The holiday shopping period compresses weeks of spending into days, multiplies the number of online interactions, and makes consumers and companies vulnerable to fraudsters. That anxiety is not theoretical. PYMNTS reported in early December that 78% of shoppers worry about a holiday fraud surge. When...
The Federal Trade Commission (FTC) says rental scams have cost consumers $65 million since 2020. That’s according to a new analysis from the FTC released Tuesday (Dec. 23), showing that consumers have reported almost 65,000 of these scams—many of which began with fake listings on...
Watch more: What’s Next in Payments Innovating and securing payments requires far more than a few well-placed tools. It takes systems, people and processes working in concert to authenticate identities, route transactions, evaluate risk and protect data at scale. At Maverick Payments, that orchestration forms...
If your house were robbed or your car vandalized, you wouldn’t hesitate to report the crime to the police. So why do so few victims of financial scams report the incidents to their financial institutions? Definitions of fraud are wide-ranging, but most center on scams...
Beyond the victims and the billions of dollars in losses, the rise of AI-driven fraud means banks, FinTechs and payment providers must think about risk, liability and real-time fund flows. Fraudsters are using the same intelligence tools that power modern commerce to increase the speed,...