Fraud Prevention

Fraud Prevention
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
October 31, 2023

They have different business models — but often compete for the same customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Fraud Prevention
Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
October 24, 2023

Anti-fraud tech firm Featurespace has introduced TallierLTM, which it describes as the first artificial intelligence (AI) “large transaction model.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Fraud Prevention
Mastercard Targets Friendly Fraud With First-Party Trust Program
October 23, 2023

Mastercard has launched a program designed to help merchants battle “friendly fraud.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Fraud Prevention
FTC: Cross-Border Fraud Cost Consumers $5.2 Billion 
October 20, 2023

A new report by the Federal Trade Commission (FTC) shows the extent of the problem of cross-border fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Fraud Prevention
Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
October 20, 2023

Banks in the U.S. report a rapid increase in fraud and fraud losses, highlighting the urgent need for newer and better anti-fraud technologies. The rise of digital banking and faster digital payment methods have made financial institutions (FIs) more vulnerable to increasingly sophisticated fraud and...

Fraud Prevention
Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
October 20, 2023

The rise of digital banking and faster digital payment methods has accelerated fraud and financial crime, prompting banks and financial institutions (FIs) to enhance their systems and processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fraud Prevention
Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud Oversight
October 19, 2023

Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services (DFS). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fraud Prevention
NymCard Teams With ACI Worldwide to Fight Financial Fraud
October 19, 2023

Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Fraud Prevention
Combining Old and Newer Technologies Helps Banks Fight Rising Fraud
October 09, 2023

Fraud has surged at an unsettling pace in recent years, with young consumers and financially strained individuals being disproportionately targeted by bad actors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...