Fraud used to sit in the back office. Now it has a front-row seat in the issuer growth strategy. Every blocked purchase, failed dispute or scam that slips through can weaken the cardholder relationship. That makes fraud prevention more than a risk-control function. It’s now...
The Aspen Institute Financial Security Program (Aspen FSP) has launched a new effort focused on reducing the scale and severity of scams affecting Americans. The Scam Prevention Initiative aims to improve how scams are measured, tracked and understood; bring together industry, government and civil society...
Watch more: The Digital Shift With Spreedly’s Justin Benson The 2026 World Cup will generate billions of dollars in ticket sales, travel bookings and merchandise purchases, but for merchants, it may also become the largest real-world examination of fraud controls and cross-border payment infrastructure they...
Fraud deadlines arguably don’t attract much attention outside compliance departments. This year’s changes to the Nacha Operating Rules reshape how banks are expected to identify suspicious ACH activity before losses accumulate. Fraud no longer arrives through one payment type or one customer relationship. Criminals move...
Banks have spent decades building fraud systems that see one transaction at a time. A charge either looks suspicious or it doesn’t. Fraud rings built their business model around that gap, spreading activity across thousands of payments using stolen cards, mule accounts, shared devices and...
Financial crime compliance programs are a game of alerts. Or at least they used to be in the pre-AI era, when compliance teams operated on a linear equation in which more transactions generated more alerts, and more alerts required more analysts. But financial services is...
Watch more: What’s Next in Payments With Entersekt’s Richard Bailey Banks have spent much of the past two years asking whether artificial intelligence should be viewed as an enhancement or a competitive differentiator. Richard Bailey believes the discussion should begin somewhere else entirely. During a...
Anthropic is preparing to ask some Claude users to verify their identity, a move that could require government-issued IDs and, in some cases, selfie checks, according to Monday (June 22) reporting from TechCrunch. The policy would apply to certain consumer use cases and is aimed...
Rep. Young Kim has introduced a bill that would allow financial institutions to place extended holds on suspicious checks and wire transfers while investigating potential fraud. The “Strengthening Transaction Oversight and Preventing Payments Fraud Act of 2026“ (“STOP Payments Fraud Act of 2026”) aims to change the...