Search results for "fraud"

April 24, 2024
Brite Expands Instant A2A Payments, Payouts Solutions to Germany

Brite Payments now enables instant account-to-account (A2A) payments and payouts in Germany. The Swedish FinTech already offers these Brite Instant Payments in the Nordics, Baltics and Benelux and plans to...


April 24, 2024
Digital Innovation Plus AI Tech Can Future-Proof the Enterprise

Long-term success frequently results from businesses being agile, and prepared, in the short-term. That’s why it is so heartening, Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS for “What’s Next in...


April 24, 2024
ComplyAdvantage Buys Golden to Bolster Financial Crime Fighting Tool

Financial crime intelligence provider ComplyAdvantage has acquired tech company Golden. As ComplyAdvantage noted in a Wednesday (April 23) news release sent to PYMNTS, Golden is “automating the construction of one of the world’s...


April 24, 2024
Mastercard Takes AI-Driven Fraud Defense to Next Level

Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers. The company announced on Wednesday (April 24)...


April 23, 2024
Virtual Cards Set to Transform Buyer-Supplier Relationships

Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a study from PYMNTS Intelligence highlighting...


April 23, 2024
Spike in Identity Fraud Forces Banks to Embrace Innovation

To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical...


April 23, 2024
Issuers Look Beyond Inflation and Interest Rates to Managing Real-Time...

As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal....


April 23, 2024
90% of FIs Say a Fraud-Prevention Vendor’s Reputation Is Key...

More than 40% of financial institutions (FIs) report seeing increasing volumes of fraud and financial crimes, according to PYMNTS Intelligence data.  Faced with this onslaught of illicit activities, it’s little...


April 22, 2024
Hackers Were in Change Healthcare System 9 Days Before Ransomware...

Hackers were reportedly in the networks of UnitedHealth Group’s Change Healthcare unit for days before launching their ransomware strike. They gained entry to the networks on Feb. 12, using compromised...


The Path to FinTech Profitability Must Be Fraud-Proof
Threat of Deepfakes Drives Two-Thirds of FinTechs to  Boost Fraud Budgets With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
Improving Financial Performance: Challenges Driving Spend Management System Adoption
Spend Management Headaches Push SaaS Firms to Automated Systems A new PYMNTS’ survey of 225 SaaS firm executives for the “Improving Financial Performance: Challenges Driving Spend Management System Adoption” report, an Airbase collaboration,  showed that accessing real-time data is so challenging when managing non-payroll spend that 76% said they’d pay for a system to help.