Banks are spending more on fraud detection because stopping a scam after the customer has sent the money is often too late. Sixty-eight percent of financial institutions increased their fraud-detection budgets year over year, according to the 2025 “State of Fraud and Financial Crime in...
Velera has launched a fully integrated risk mitigation solution designed to enable credit unions to detect and respond to potential fraud events in near-real time. The new Risk Alert Manager puts credit unions fully in control of their fraud response by unifying data from all...
Card issuers must distinguish a fraudulent transaction from a legitimate one in milliseconds. Now there’s a new complication: What happens when the legitimate customer is no longer the party directly making the purchase? That question is becoming more pressing as artificial intelligence (AI) systems begin...
The Bank Policy Institute is recommending that financial institutions and their regulators reduce direct electronic transfers of sensitive financial and supervisory data, arguing that traditional practices such as uploading files to regulator-controlled portals or sending encrypted emails can create unnecessary cybersecurity risks. In a risk-based...
A new report by House Republicans argues that fraud and scams have reached “unprecedented” levels. The report, issued by the House Financial Services Committee Wednesday (July 22), says that Americans reported $15.9 billion fraud/scam losses in 2025. That’s up 28% from the prior year and 1,800%...
The best fraud prevention stops bad transactions and lets good ones move faster. But new findings in the June 2026 edition of The 2026 Certainty Project, a PYMNTS Intelligence and Plaid collaboration, reveal the ways in which that definition is no longer complete. Although nearly...
Security controls are designed to stop bad payments, but new data suggested the strongest systems may be the ones customers barely notice. The PYMNTS Intelligence report “When Controls Slow Commerce: The Data Behind Middle-Market Payment Friction,” the latest installment of the 2026 Certainty Project, found...
Payments used to be judged by whether they moved money quickly. Now they are judged by how well they make decisions before, during and after a transaction. The PYMNTS Intelligence report “Where Payment Decisions Happen: How Issuer Data Is Powering the Next Era of Commerce,” a...
LexisNexis Risk Solutions and Promon are working together to help organizations protect their mobile apps from fraud. The companies’ new alliance brings together LexisNexis ThreatMetrix digital identity, device and behavioral intelligence; Promon Shield in-app protection; and Promon Insight trusted telemetry, they said in a Wednesday...