Watch more: What’s Next in Payments With Paymentology’s Tim Joslyn The “I” in “AI” doesn’t always just stand for intelligence. Increasingly, across the security sector, it can also stand for “Identity.” As in, Artificial Identity. With AI continuing to blur the line between human and...
The evolution of digital payments has often followed a predictable pattern. As transactions become faster and more seamless, new layers of infrastructure emerge to support them. Cloud computing, for example, enabled scalable payment processing, while APIs made payments easier to embed within software, and data...
Meta has launched new artificial intelligence-powered anti-scam tools for its platforms WhatsApp, Facebook and Messenger. These tools are designed to help users of these platforms spot and avoid scammers, the company said in a Wednesday (March 11) press release. “Across our apps, our systems find...
Fraud prevention is no longer about stopping a single bad transaction. It is about managing risk across an entire payment journey without driving away legitimate customers. That is the central theme of the December edition of the Payments Orchestration Tracker series, “Orchestrating Trust: The Future...
Cybersecurity company Armadin raised a record $189.9 million, according to a Tuesday (March 10) press release. The company’s combined seed and Series A funding round is said to be the largest such financing round in cybersecurity history and will help Armadin in its goal of...
Mastercard says artificial intelligence (AI) is contributing to “unprecedented” levels of fraud and cybercrime. It may also be among the business world’s best defense against those threats, the payments giant said Monday (March 9) as it issued a report in tandem with Fraud Prevention Month. “Fraud...
President Donald Trump wants his administration to combat “predatory” schemes targeting American consumers and businesses. The president on Friday (March 6) signed an executive order calling for a review of which “operational, technical, diplomatic, and regulatory tools could be improved to combat transnational criminal organizations...
A growing body of evidence suggests that businesses may be looking in the wrong place for payment fraud risk. That was the central finding of PYMNTS Intelligence’s January Money Mobility Tracker®, “Instant Myths: Debunking Faster-Payments Fraud Fears.” The report examined how fraud concerns continue to...
Bank executives appearing before a House Financial Services subcommittee Thursday (March 5) delivered a blunt message. Financial fraud has become more sophisticated, more coordinated and more difficult to contain, even as banks pour billions of dollars into prevention efforts, they said. At a Capitol Hill...