For as long as hard-earned money has existed, criminals have been trying to take it. And as money itself has evolved across an increasingly digital landscape, bad actors have followed suit with their own, increasingly sophisticated tactics — making safeguarding against payments fraud an ever-more...
For online merchants, winning the high-stakes battle against fraud and cybersecurity breaches is critical to survival. PYMNTS Intelligence finds that 82% of U.S. eCommerce players with cross-border sales faced security-related challenges in the last year. These issues also negatively impact other aspects of business, enhancing...
Edge cloud platform Fastly has launched a tool to help companies combat bot attacks. Fastly Bot Management is designed to help clients prevent fraud, distributed denial of service (DDoS) attacks, account takeovers and other online abuse, according to a Tuesday (April 2) news release. “Every day, bad...
Real estate software/data analytics provider RealPage has debuted tools to combat rental fraud. The new offerings, announced Wednesday (March 27), will be available with the company’s OneSite and On-Site leasing and property management platforms, using technology from financial data network Plaid. “RealPage recently announced results from its extensive fraud...
How common has refund fraud — or returns fraud — become? So much so that fraudster groups have begun advertising their services on platforms like Reddit, Telegram and TikTok. That’s according to a Thursday (March 14) report by CNBC on the trend, which involves tricking merchants into...
When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting authorized push payment (APP) fraud, has left observers wondering whether that island may be sinking. This, as the U.K.’s first...
The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they suspect fraud. The delay will give PSPs more time to contact the customer or relevant...
Despite the many fraudsters on the prowl seeking to exploit any vulnerabilities they can find in the payments ecosystem, only about one-third of eCommerce merchants connect the dots between failed payments and potential fraud. Even more troubling: more than 40% of merchants will simply ask...
The payments journey, and landscape, is an ever evolving one, but one thing is certain: fraudsters will try to exploit any vulnerability they can to access money and data that isn’t theirs. “It is an adversarial problem. You counter, and then they counter,” Wendy Roberts, senior...