Fraud Prevention

Preventing fraud can include keeping your personal items and information safe, and safely navigating the internet. Keeping personal information secure is one of our most important responsibilities, and is the act of stopping various types of internet fraud. Due to the many different ways of committing fraud over the Internet, such as stolen.
Fraud Prevention
RealPage and Plaid Team to Curb Rental Fraud
March 27, 2024

Real estate software/data analytics provider RealPage has debuted tools to combat rental 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...

Fraud Prevention
UK Wants to Turn Faster Payments Into Four-Day Payments
March 12, 2024

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.  Get the Full Story Complete...

Fraud Prevention
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
March 12, 2024

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.  Get the Full Story Complete the form to unlock this article and enjoy...

Fraud Prevention
eCommerce Merchants Fail to Connect Failed Payments and Fraud
March 08, 2024

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. Get the Full Story Complete the form to unlock this article...

Fraud Prevention
Strong Authentication Fosters Trust Among Open Banking Users
March 07, 2024

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. Get the Full Story Complete the form to unlock this article and enjoy...

Fraud Prevention
Equifax Unveils Fraud Prevention KYB Tool
February 28, 2024

Equifax is rolling out a know your business (KYB) solution to help U.S. lenders and businesses make more informed decisions about onboarding new accounts or vendors.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Fraud Prevention
Entersekt CPO Says Fighting Fraud Should Be Treated Like ‘Team Sport’
February 28, 2024

The launch of the FedNow® Service last year has transformed the instant payments landscape, unlocking real-time settlement capabilities 24/7/365. 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...

Fraud Prevention
8 in 10 Merchants Screen Potential Fraud With Same-Payment-Method Retries
February 27, 2024

In an effort to counter false declines and prevent unnecessary losses, PYMNTS Intelligence research finds, the vast majority of merchants are encouraging consumers to reattempt the transaction using the same payment method. Get the Full Story Complete the form to unlock this article and enjoy...

Fraud Prevention
New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
February 26, 2024

Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so can pave the way to offering real-time payments. Consumers value the faster payment solutions, but FIs are reluctant to provide...