Fraud detection company DataVisor has teamed up with Experian to integrate the company’s “unsupervised machine learning powered transactional risk assessment capabilities” into the Experian CrossCore platform. The move will help detect fraud patterns, the companies said in a press release. Get the Full Story Complete...
While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely no intention of ever paying for them, they at least have the merit of being a fairly homogeneous group in terms of intention....
The thrill of the hunt — and chance to snag a good deal — is what drives millennials to local marketplaces. In this month’s Digital Fraud Tracker, Nathan Garnett, general counsel of online peer-to-peer (P2P) shopping marketplace OfferUp, explains how combining user ID verification badges,...
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We might all be in the middle of one of the greatest — and most vital — cat-and-mouse games of all time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Fraudsters are getting increasingly creative when stealing money and data, but many FIs, FinTechs and merchants are still taking established approaches to fraud, reacting to each incident and hoping the damage is minimal. New solutions like unsupervised ML could help businesses prevent fraud from happening...
This week, Mastercard launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs. This new product is in line with recent cybersecurity trends toward identifying threats before they occur. Get the Full Story Complete the form to unlock this article and...
Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that fraudsters can easily exploit them. In the new Digital Fraud Tracker, Andrew Sloper, Chase’s head of digital authentication, tells PYMNTS how machine learning...
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 agree to receive marketing communications from PYMNTS and...
