JPMorganChase will host more than 20 free educational workshops across the United States this week to mark International Fraud Awareness Week. The workshops are designed to help the public recognize and protect themselves from fraud and scams, JPMorganChase said in a Monday (Nov. 17) press...
“Financial Scams and Consumer Trust,” a PYMNTS Intelligence report commissioned by Block, examines how the rise of digital scams is undermining the confidence powering everyday banking, commerce and payments. Drawing on a survey of 15,110 United States consumers conducted from Sept. 9, 2025, to Sept....
In financial services, milliseconds can make or break both transactions and relationships. The tension between speed, security and customer experience has long been the defining paradox of digital payments and their approvals. Fraud detection systems that lag by even fractions of a second risk alienating...
For years, merchants treated fraud prevention like seasonal window dressing — a necessary expense to get through the holiday rush. But this year’s PYMNTS Intelligence-Worldpay Payments Optimization Tracker, “Securing the Season: Fighting Fraud Without Losing Customers,” shows that strategy no longer works. What began as...
Mastercard has introduced a threat intelligence solution designed to help cybersecurity and fraud teams at issuing and acquiring banks combat payment fraud. The Mastercard Threat Intelligence solution combines Mastercard’s fraud insights and global network visibility with the Recorded Future platform’s curated cyber threat intelligence, Mastercard...
Authorized push payment (APP) fraud drove an increase in losses to payment fraud and scams in the first half of the year in the United Kingdom. Losses from APP rose 12% year over year to reach 257.5 million pounds (about $342.5 million) during that period,...
Payment service providers and online platforms have roles to play in combating romance fraud, the United Kingdom’s Financial Conduct Authority said Friday (Oct. 17). The regulator released a romance fraud review that is based on its review of six firms, including retail banks and payment...
The world of text message scams marked an unwelcome milestone last month. On a single day in September, Americans reported a record 330,000 scam messages related to unpaid toll fees. That’s according to a report late Tuesday (Oct. 15) by the Wall Street Journal (WSJ),...
Watch more: Digital Shift: Entersekt, Steve Bledsoe Real-time payments thrill consumers and businesses with immediate fund transfers, but that same speed attracts fraudsters. Banks eager to meet customer expectations must rethink defenses because scams, particularly authorized push payment (APP) fraud, are spreading and pressure is...