Fraud Prevention

Fraud Prevention
Swift Adds New Tools to AI Fraud Prevention Offerings
October 16, 2024

With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. 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
Mastercard Taps AI to Tackle UK APP Fraud Epidemic
September 24, 2024

Mastercard has introduced what it says are new protections against real-time payment 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, PYMNTS Today. By...

Fraud Prevention
FICO and Jersey Telecom Team to Combat APP Fraud 
September 18, 2024

FICO is working with Jersey Telecom (JT) to push back against authorized push payment 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
Galileo Deploys Anti-Fraud Tools for Banks and FinTechs
September 10, 2024

Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. 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
Cooking the Books: Preventing Insider Fraud With Back-Office Automation
September 09, 2024

2024 was the year cybersecurity evolved from an IT function to an organization-wide risk issue. 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
New AI System Aims to Detect Financial Fraud Across Corporate Networks
September 06, 2024

Researchers have developed a new artificial intelligence (AI) system to detect accounting fraud within individual companies and across supply chains and industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Fraud Prevention
AWS and Mastercard Lead Industry Coalition to Fight Economic Crime
September 02, 2024

The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. 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
Account Onboarding Gets Its AI Makeover
August 20, 2024

Here’s the thing about fraud: You don’t want to have to calculate the ROI of fraud when it’s too late. Because the flip side can be treacherous. Unfortunately, the prevailing mindset of banks and other companies may be that they don’t have the resources to...

Fraud Prevention
77% of Consumers Expect Banks to Use AI to Fight Fraud
August 12, 2024

Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers grapple with balancing rapid transaction processing with stringent security measures, artificial intelligence (AI) emerges as a crucial tool in overcoming...