Fraud Prevention

Fraud Prevention
Visa Says New Anti-Fraud Unit Blocked $350 Million in Scam Attempts
March 11, 2025

Visa says its new anti-fraud disruption department saved potential victims $350 million last year. 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...

Fraud Prevention
Banks Outmaneuver Fraudsters by Beefing Up Human Intelligence
March 10, 2025

The payments landscape is more sophisticated than ever, but so are fraudsters. 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
Report: Riskified Considering Sale After Receiving Takeover Interest
March 06, 2025

Fraud prevention software firm Riskified is reportedly exploring a sale and other options. 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....

Fraud Prevention
Behavioral Analytics Inject ‘Smart Friction’ Into Battle Against Scams and Payments Fraud
March 05, 2025

Scams against banks and their customers have exploded. 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 form, you...

Fraud Prevention
FTC Lawsuit Temporarily Halts ‘Phantom Debt Collection’ Scheme
March 03, 2025

The Federal Trade Commission (FTC) said Monday (March 3) that its lawsuit led a federal court to temporarily halt the operations and freeze the assets of a “phantom debt collection” scheme and its operators. Get the Full Story Complete the form to unlock this article...

Fraud Prevention
Coupa: AI Is Cure for Procurement Fraud Epidemic
February 25, 2025

Procurement fraud has evolved on the back of digitally sophisticated tactics from an occasional business headache into a full-blown financial and reputational disaster for organizations worldwide. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Fraud Prevention
Mastercard and Feedzai Team to Fight AI-Powered Scams
February 18, 2025

Mastercard has teamed with financial crime prevention company Feedzai to help financial institutions prevent scams. 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,...

Fraud Prevention
Routable Adds Fraud-Detecting AI Agent to AP Automation Platform
February 06, 2025

Routable has enhanced its accounts payable (AP) automation platform by adding an AI agent that can detect both invoice fraud and human error. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Fraud Prevention
Judge Rules New York Lawsuit Against Citibank Can Proceed
January 21, 2025

Citibank will have to face a New York state lawsuit alleging that it failed to protect and reimburse victims of fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...