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.
8 in 10 Merchants Screen Potential Fraud With Same-Payment-Method Retries
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...

New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
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...

Bottomline Updates Insider Fraud Prevention Tool
Fraud Prevention
Bottomline Updates Insider Fraud Prevention Tool
February 22, 2024

Business payments company Bottomline has debuted an updated fraud prevention kit. 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...

FTC Issues Proposal to Ban Impersonations as Fraud Rises
Fraud Prevention
FTC Issues Proposal to Ban Impersonations as Fraud Rises
February 15, 2024

The Federal Trade Commission (FTC) is proposing a new set of rules that would prohibit the impersonation of individuals. 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...

Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
Fraud Prevention
Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
February 15, 2024

Digital payments may be growing in popularity, but the use of paper checks persists. 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...

Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
Fraud Prevention
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
February 08, 2024

Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters,” a PYMNTS Intelligence and Hawk AI collaboration.  Get the Full Story Complete the form to unlock...

Behind Company Walls: Protecting Against the Evolving Insider Fraud Threat
Fraud Prevention
Behind Company Walls: Protecting Against the Evolving Insider Fraud Threat
February 07, 2024

One of the biggest fraud threats facing enterprises is also one of the oldest. 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...

Banks and CFOs Need Data-Sharing Plans to Fight Fraud
Fraud Prevention
Banks and CFOs Need Data-Sharing Plans to Fight Fraud
February 02, 2024

The fraudsters are wily, determined, acting in packs and probing for weaknesses. 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...

Cox Automotive Rolls Out Synthetic Identity Fraud Indicator for Car Dealers
Fraud Prevention
Cox Automotive Rolls Out Synthetic Identity Fraud Indicator for Car Dealers
February 02, 2024

Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. 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...