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.
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
Fraud Prevention
Neobanks Challenged by Rising Tide of Push Payments Fraud and Third-Party Scams
October 31, 2023

They have different business models — but often compete for the same customers. 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....

Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
Fraud Prevention
Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
October 24, 2023

Anti-fraud tech firm Featurespace has introduced TallierLTM, which it describes as the first artificial intelligence (AI) “large transaction model.” 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...

Mastercard Targets Friendly Fraud With First-Party Trust Program
Fraud Prevention
Mastercard Targets Friendly Fraud With First-Party Trust Program
October 23, 2023

Mastercard has launched a program designed to help merchants battle “friendly 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 completing...

Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
Fraud Prevention
Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
October 20, 2023

Banks in the U.S. report a rapid increase in fraud and fraud losses, highlighting the urgent need for newer and better anti-fraud technologies. The rise of digital banking and faster digital payment methods have made financial institutions (FIs) more vulnerable to increasingly sophisticated fraud and...

Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
Fraud Prevention
Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
October 20, 2023

The rise of digital banking and faster digital payment methods has accelerated fraud and financial crime, prompting banks and financial institutions (FIs) to enhance their systems and processes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

NymCard Teams With ACI Worldwide to Fight Financial Fraud
Fraud Prevention
NymCard Teams With ACI Worldwide to Fight Financial Fraud
October 19, 2023

Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat 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 completing this...

Combining Old and Newer Technologies Helps Banks Fight Rising Fraud
Fraud Prevention
Combining Old and Newer Technologies Helps Banks Fight Rising Fraud
October 09, 2023

Fraud has surged at an unsettling pace in recent years, with young consumers and financially strained individuals being disproportionately targeted by bad actors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
Fraud Prevention
FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
September 29, 2023

The Federal Trade Commission (FTC) has partnered with consumer protection authorities from four Latin American countries — Chile, Colombia, Mexico and Peru — to combat cross-border fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

New Technologies Needed to Stem the Rising Tide of Crypto Fraud
Fraud Prevention
New Technologies Needed to Stem the Rising Tide of Crypto Fraud
September 26, 2023

Advancements in digital banking and the proliferation of faster digital payment methods have accelerated the rise in sophisticated fraud and financial crime, with financial institutions (FIs) battling with a surge in losses. Get the Full Story Complete the form to unlock this article and enjoy...