Sections
Fraud Prevention
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977Security & FraudNew Facebook AI Doubles Detection Of Fake Accounts
Facebook has been using a new type of artificial intelligence (AI) to identify and delete hundreds of millions of fake accounts, according...
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1.7KSecurity & FraudWhy Securing Digital Transactions Is On Every Merchant’s Wish List
While dealing with fraud has always been a cost of doing business for merchants, the digital age has changed the game in...
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5.9KSecurity & FraudThe Fraud That 85 Percent Of Fraud Detection Systems Miss
The battle against fraudsters in the digital era has evolved into a never-ending arms race. The tools we use to detect, score...
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1.9KFraud PreventionInstart Releases Anti-eSkimming Product ‘Privacy Alert’
Computing and security company Instart has released a new product meant to fight against the practice of eSkimming, which is when criminals...
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1.3KToday In DataFor Consumers, Control (Over Transactions) Is Key
Black Friday and Cyber Monday have come and gone. With eCommerce now surging into the holidays, consumers may be mindful of the...
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4.9KFraud PreventionDeep Dive: How Reshipping Scams Deliver For Fraudsters
The Better Business Bureau (BBB) has a warning for the public: When an offer appears too good to be true, that is...
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2.7KFraud PreventionHow Ticketmaster Rewards Fans And Bars Fraudsters
Some 11 million U.S. consumers were scammed into buying fake or nonexistent live concert tickets last year — a trend that puts...
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Taking On Sharing Economy Trust, Luxury Retail Evolution With Innovation
Sharing economy platforms have become a force to be reckoned with, as a sizeable number of consumers use them to make their lives...
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4.0KFraud PreventionHow Ticketmaster Uses AI To Sort Fans From Fraudsters
The holiday shopping season is kicking into high gear with retailers working aggressively to entice customers with deals and discounts. Fraudsters, sadly,...
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2.7KInvestmentsBuguroo To Use $11M Funding Round For ML-Driven Fraud Detection
A startup that analyzes banking activity to identify fraudulent behavior has raised $11 million in a Series A funding round, according to...
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2.6KFraud PreventionFighting Real-Time Payment Fraud In Layers, With Moats
Real-time payments, real-time risk. As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. In an interview with PYMNTS,...
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3.4KFraud PreventionLessons From Airbnb On Solving The Sharing Economy Trust Issue
Trust has always been the bedrock of the sharing economy. But in recent weeks, the issue of trust — and fraud —...
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4.4KFraud PreventionHow Treasurers Prep For Cash Management’s ‘Worst Days’
There are bad days. And then, for corporate treasury professionals, there are really bad days. The kind of days when systems go dark, cyberattacks...
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3.2KFraud PreventionQSRs Fight Back Against Friendly Fraud
Over the last several decades, issuers and card networks have worked hard to educate consumers on a single point: If a fraudster...
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2.1KDataAs Fraud Feeds On Data, FIs Harness It With AI
Last month, Nasdaq began using an artificial intelligence (AI)-powered tool to flag suspicious trades. The machine learning tool got up to speed...
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1.7KToday In DataIdentifying Opportunities For Online Commerce And Digital IDs
For online merchants, knowing that the person on the other side of the transaction is who they say there are is of...
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2.2KFraud PreventionDeep Dive: How Data Provides Businesses With Competitive Analytics
Businesses from a wide variety of industries must handle troves of data as they continue to crack down on fraud. Making sense...
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1.8KFraud PreventionKeeping On-Demand Professional Services Fraud-Free
Catching fraudsters can feel like a game of whack-a-mole for marketplaces that must carefully vet both buyers and sellers. The key, says...
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5.0KFraud PreventionHow Handy Uses Data To Find Fraudsters Before They Strike
Fraudsters are constantly reinventing their approach to schemes, putting businesses and eCommerce merchants in a precarious position of responding to constantly-evolving fraud...
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3.0KFraud PreventionExperian To Leverage DataVisor’s AI Tech To Better Fight Fraud
Fraud detection company DataVisor has teamed up with Experian to integrate the company’s “unsupervised machine learning powered transactional risk assessment capabilities” into...
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2.9KFraud PreventionWhy Friendly Fraud Is Anything But Friendly
While there is little good to be said about criminal fraudsters who plague merchants by stealing credentials to snag goods with absolutely...
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5.0KSecurity & FraudGIACT On Payments’ $29M Wire Fraud Wake-Up Call
Last week, the U.S. subsidiary of Japan’s largest financial media organization, Nikkei, made headlines for the reason that no firm ever wants:...
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2.9KFraud PreventionBuilding A More Trustworthy eCommerce Marketplace
The thrill of the hunt — and chance to snag a good deal — is what drives millennials to local marketplaces. In...
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3.3KFraud PreventionOfferUp’s General Counsel On Keeping Marketplace Shoppers Safe From Scammers
Online tools are saving customers time on acquiring goods and services. Unfortunately, these tools are also saving time for fraudsters, who are...
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3.5KSecurity & FraudGIACT Fraud Platform Now Automates PII Monitoring
Identity verification solutions provider GIACT Systems has announced the launch of an automated identity monitoring service called gIDENTIFY Persistent Monitoring, the company...
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2.7KRetailSurvey: US Retailers Face Fraud, Currency Barriers In Global Online Sales
A new survey has found that the biggest obstacles hindering online retailers from doing business abroad is fraud prevention, and currency and...
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4.2KFraud PreventionWhat It Takes To Outsmart Fraudsters In Emerging Markets
We might all be in the middle of one of the greatest — and most vital — cat-and-mouse games of all time....
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3.3KFraud PreventionDeep Dive: Unsupervised Machine Learning Steps Up To Fight Fraud
Fraudsters are getting increasingly creative when stealing money and data, but many FIs, FinTechs and merchants are still taking established approaches to...
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3.9KFraud PreventionChase Taps Machine Learning For Proactive Approach To Fraud
Banks have a Goldilocks problem: Authentication processes can’t be too rigorous for legitimate consumers, but also can’t be too lax so that...
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3.4KSecurity & FraudAmazon’s New Anti-Fraud Program Helps Sellers Avoid Counterfeits
In its ongoing efforts to prevent fraud on its site, on Tuesday (Oct. 1) Amazon announced a new program to help sellers...
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4.3KSecurity & FraudMastercard’s Threat Scan Helps Banks Detect Vulnerabilities
Mastercard has launched Threat Scan, a global solution to help banks spot authorization weaknesses before a breach occurs, the company announced in...
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3.8KSecurity & FraudVocalink Teams With TSB To Stop Real Time Payments Fraud
TSB is teaming up with Mastercard’s Vocalink to roll out a solution to help prevent fraud and payment mix-ups, Vocalink announced in...
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4.9KSecurity & FraudOracle Offers AI Automation For AML Compliance
Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to...
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2.3KToday In DataHow To Make Commerce And Payments Smarter
Grocery shopping is getting much, much smarter as the pace of innovation heats up. So are mundane, often frustrating tasks, such as moving. Meanwhile,...
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3.9KFraud PreventionCurbing Digital Advertising’s Big Payments Fraud Problem
The complexity of online and mobile advertising — and the vast sums of money involved — make those areas extremely attractive for...
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5.7KConsumer FinanceCracking Loan Fraud’s ‘Blind Eye’ Problem
Pretty much every consumer knows the pain of filling out applications for automotive loans, mortgages and other types of borrowing, of having...
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3.5KSecurity & FraudWho Should Lead The Digital ID Push?
Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate...
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2.9KNewsTop News In Payments: Instant Payments Spread In The Gig Economy; Contactless Cuts Down On Counterfeit Fraud
Today in the payments news roundup, almost 40 percent of U.S. workers are engaged with the gig economy at some level, and...
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1.9KNewsTop News In Payments: US Lawmakers Remain Libra Skeptics; Grab Expands Into Vietnam
From a ride-hailing company expanding into Vietnam to Visa implementing new tools to fight fraud, today’s payments news runs the gamut. Also,...
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6.2KSecurity & FraudVisa Debuts AI-Powered Fraud Fighting Tools
Visa has introduced a new suite of security services designed to protect merchants and users from the latest security threats, according to...
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3.2KAuthenticationConsumers Not Averse To ‘Positive Friction’ In Sharing Economy Platforms
Sharing economy platforms have become a force to be reckoned with. Overall, roughly 111 million consumers use some type of sharing economy...
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4.3KAuthenticationCan Less Digital Security Actually Be More Secure?
What was the color of the car you owned in 2005? Still remember it? Probably not. But you can bet someone knows...
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2.8KSecurity & FraudUS AG Wants Lawmakers To Have Access To Encrypted Messaging
William Barr, U.S. attorney general, made lengthy comments on Tuesday (July 23) about encrypted messaging and the need for law enforcement to...
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6.2KMobile CommerceCan A Line Of Code Fix Customer Onboarding?
Few activities in the digital economy are as filled with friction, and as frustrating and risky for merchants, banks and other businesses,...
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5.9KFraud PreventionAI That ‘Thinks’ Like A Fraud Analyst
Businesses evolve and so does fraud. The data is out there to help separate good transactions from bad, but not all data...
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2.2KRetailCan Digital Platforms Solve The Fraud vs. Friction Dilemma?
Digital platforms facilitate everything from online shopping to ridesharing to booking a hotel. These platforms promise fast, seamless transactions, which most deliver...
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2.6KToday In DataPicking Up The Pace Of Payments
The best speed in payments is usually faster – both when getting paid and when paying out. The ideal speed, of course, would be instant when...
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3.7KFraud PreventionWhy AI Is Social Media Fraud’s New Best Friend
It can be difficult these days to remember the almost idyllic promise of social media when it first entered the general consumer...
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4.9KFraud PreventionCiti On The Art And Science Of Detecting B2B Outlier Payments
Citi has unveiled its Payment Outlier Detection system, which helps corporates find anomalies in payment flows, cutting down on fraud and false...
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3.2KFraud PreventionKount Launches New AI Tool To Detect Fraud
Digital fraud prevention company Kount has launched a new artificial intelligence (AI)-driven solution to enhance payments fraud prevention. The company said this...
