Fraud Prevention

84% of Business Leaders Believe Generative AI Will Positively Impact the Workforce
84% of Business Leaders Believe Generative AI Will Positively Impact the Workforce
October 31, 2023  |  Artificial Intelligence

Businesses face uncertain times, with high borrowing costs and late payments igniting an urgent need to reduce operating expenses and improve cash flow. One key...

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FTC to Require Non-Banking Financial Institutions to Report Data Breaches
FTC to Require Non-Banking Financial Institutions to Report Data Breaches
October 27, 2023  |  Regulation

The Federal Trade Commission (FTC) will require non-banking financial institutions to report certain data security breaches. In a unanimous decision, the regulator has approved an amendment to the Safeguards...

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Synthetic Data Gives Firms Real Results in Fighting Fraud
Synthetic Data Gives Firms Real Results in Fighting Fraud
October 27, 2023  |  Cybersecurity

Imagine being able to train your defense systems on cyberattacks that haven’t even happened yet. Far from being farfetched, that reality is now fast becoming...

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CFOs Use Automation for Fraud Prevention More Than for AP/AR
CFOs Use Automation for Fraud Prevention More Than for AP/AR
October 25, 2023  |  Accounts Payable

In today’s fast-paced business world, companies are constantly looking to streamline operations and increase productivity. One area in need of this streamlining that often requires...

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Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
October 24, 2023  |  Fraud Prevention

Anti-fraud tech firm Featurespace has introduced TallierLTM, which it describes as the first artificial intelligence (AI) “large transaction model.” The new tool, announced Tuesday (Oct. 24), is the industry’s...

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Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
October 23, 2023  |  Security & Fraud

Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent...

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Mastercard Targets Friendly Fraud With First-Party Trust Program
Mastercard Targets Friendly Fraud With First-Party Trust Program
October 23, 2023  |  Fraud Prevention

Mastercard has launched a program designed to help merchants battle “friendly fraud.” The company’s First-Party Trust program, announced Monday (Oct. 23), employs “enhanced transaction insights,” artificial intelligence (AI),...

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TodayPay Gives Consumers Instant Refunds and Helps Merchants Avoid ‘Rocks in a Box’
TodayPay Gives Consumers Instant Refunds and Helps Merchants Avoid ‘Rocks in a Box’
October 23, 2023  |  Payments Innovation

It’s easier than ever to buy online, offline, to pick up in store or have things delivered. It’s easier than ever to check out, using...

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Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
October 20, 2023  |  Fraud Prevention

Banks in the U.S. report a rapid increase in fraud and fraud losses, highlighting the urgent need for newer and better anti-fraud technologies. The rise...

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