Watch more: Live roundtable Verification systems built for yesterday’s fraud no longer work in today’s threat landscape. While firms could once assume that criminals needed skill, capital and patience to mount sophisticated attacks on onboarding or identity systems, that old playbook has fallen out of sync...
Visa blocked 280% more suspected fraud attempts on Black Friday in the United Kingdom this year compared to last year and 140% more across Europe. Compared to the previous Friday (Nov. 21), the company blocked 63% more suspected fraud in the U.K. and 40% more...
The “2025 State of Fraud and Financial Crime in the United States” report, a PYMNTS Intelligence report commissioned by Block, reveals that the financial industry is navigating an increasingly sophisticated and dynamic threat landscape. The primary trend observed is a significant surge in unauthorized-party fraud,...
JPMorganChase will host more than 20 free educational workshops across the United States this week to mark International Fraud Awareness Week. The workshops are designed to help the public recognize and protect themselves from fraud and scams, JPMorganChase said in a Monday (Nov. 17) press...
“Financial Scams and Consumer Trust,” a PYMNTS Intelligence report commissioned by Block, examines how the rise of digital scams is undermining the confidence powering everyday banking, commerce and payments. Drawing on a survey of 15,110 United States consumers conducted from Sept. 9, 2025, to Sept....
In financial services, milliseconds can make or break both transactions and relationships. The tension between speed, security and customer experience has long been the defining paradox of digital payments and their approvals. Fraud detection systems that lag by even fractions of a second risk alienating...
For years, merchants treated fraud prevention like seasonal window dressing — a necessary expense to get through the holiday rush. But this year’s PYMNTS Intelligence-Worldpay Payments Optimization Tracker, “Securing the Season: Fighting Fraud Without Losing Customers,” shows that strategy no longer works. What began as...
Mastercard has introduced a threat intelligence solution designed to help cybersecurity and fraud teams at issuing and acquiring banks combat payment fraud. The Mastercard Threat Intelligence solution combines Mastercard’s fraud insights and global network visibility with the Recorded Future platform’s curated cyber threat intelligence, Mastercard...
Authorized push payment (APP) fraud drove an increase in losses to payment fraud and scams in the first half of the year in the United Kingdom. Losses from APP rose 12% year over year to reach 257.5 million pounds (about $342.5 million) during that period,...