Watch more: What’s Next in Payments With One Inc’s Kevin Ostrander The never-ending battle against payments fraud is entering a more complicated phase as artificial intelligence (AI) allows criminals to replicate human activity with unsettling accuracy. Voices can be synthesized, identities can be fabricated from...
Watch more: What’s Next in Payments With Paysafe’s Richard Swales Aided by technology, fraudsters attempt to mimic legitimate users in ways that traditional authentication tools were never designed to detect. As generative technologies evolve, payments providers are confronting a reality in which confirming that a...
The “Dirty Dozen” list of tax scams released by the IRS this year reads less like a seasonal advisory and more like a snapshot of a rapidly professionalizing fraud economy. The tax agency wants small and medium-sized business (SMB) owners to know that criminals are...
Watch more: Visa Protect With Visa’s Michele Herron Check fraud has gained prominence as a measurable source of losses for financial institutions, businesses and consumers. Even as digital payment adoption accelerates, paper continues to circulate through the U.S. banking system at extraordinary scale, preserving structural...
Watch more: What’s Next in Payments With Paymentology’s Tim Joslyn The “I” in “AI” doesn’t always just stand for intelligence. Increasingly, across the security sector, it can also stand for “Identity.” As in, Artificial Identity. With AI continuing to blur the line between human and...
Meta has launched new artificial intelligence-powered anti-scam tools for its platforms WhatsApp, Facebook and Messenger. These tools are designed to help users of these platforms spot and avoid scammers, the company said in a Wednesday (March 11) press release. “Across our apps, our systems find...
Fraud prevention is no longer about stopping a single bad transaction. It is about managing risk across an entire payment journey without driving away legitimate customers. That is the central theme of the December edition of the Payments Orchestration Tracker series, “Orchestrating Trust: The Future...
Mastercard says artificial intelligence (AI) is contributing to “unprecedented” levels of fraud and cybercrime. It may also be among the business world’s best defense against those threats, the payments giant said Monday (March 9) as it issued a report in tandem with Fraud Prevention Month. “Fraud...
President Donald Trump wants his administration to combat “predatory” schemes targeting American consumers and businesses. The president on Friday (March 6) signed an executive order calling for a review of which “operational, technical, diplomatic, and regulatory tools could be improved to combat transnational criminal organizations...