Know your customer (KYC) and know your business (KYB) remain the first formal barrier between legitimate commerce and organized fraud. Their durability, however, depends on how organizations put them into practice. Zac Cohen, chief product officer at Trulioo, said too many organizations still rely on...
Watch more: What’s Next in Payments With Spreedly’s Adam Hiatt The fraud economy has always been adaptive. For every 12-foot wall that a firm stands up, fraudsters have tried to find a corresponding 13-foot ladder. But the rise of generative artificial intelligence (AI) and synthetic...
Watch more: What’s Next in Payments With Visa’s James Mirfin There’s an innovation race growing over digital identity. On one hand are banks and merchants that have traditionally been reliant on tools like passwords, one-time passcodes, biometric selfies and voice checks to power online authentication....
Watch more: What’s Next in Payments With One Inc’s Kevin Ostrander The never-ending battle against payments fraud is entering a more complicated phase as artificial intelligence (AI) allows criminals to replicate human activity with unsettling accuracy. Voices can be synthesized, identities can be fabricated from...
Watch more: What’s Next in Payments With Paysafe’s Richard Swales Aided by technology, fraudsters attempt to mimic legitimate users in ways that traditional authentication tools were never designed to detect. As generative technologies evolve, payments providers are confronting a reality in which confirming that a...
The “Dirty Dozen” list of tax scams released by the IRS this year reads less like a seasonal advisory and more like a snapshot of a rapidly professionalizing fraud economy. The tax agency wants small and medium-sized business (SMB) owners to know that criminals are...
Watch more: What’s Next in Payments With Trulioo’s Zac Cohen Artificial intelligence is rendering traditional digital identity verification toothless. The next wave of AI-powered cyberattacks are already here, and they’re arriving with synthetic faces, voices, devices and behavioral signals that can mimic legitimate users down...
Watch more: Visa Protect With Visa’s Michele Herron Check fraud has gained prominence as a measurable source of losses for financial institutions, businesses and consumers. Even as digital payment adoption accelerates, paper continues to circulate through the U.S. banking system at extraordinary scale, preserving structural...
Developments in The Prompt Economy over the past few weeks has been moving from retail and infrastructure issues to a focus on financial services. And that focus has resulted in new thinking and use cases for that sector as banks find a place for agentic...