Fraud Prevention

64% of Credit Unions Plan to Offer Biometrics Authentication

64% of Credit Unions Plan to Offer Biometrics Authentication
64% of Credit Unions Plan to Offer Biometrics Authentication
March 27, 2025  |  Credit Unions

As is the case with any entity, banks’ relationship with their end customers is only as strong as the trust that exists between the two,...

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Visa and Extend Form Middle-Market-Focused Virtual Card Pact
Visa and Extend Form Middle-Market-Focused Virtual Card Pact
March 26, 2025  |  B2B Payments

Virtual card and spend management platform Extend says it has launched a referral agreement with Visa. With Extend’s solution, the company said in a Wednesday...

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Burbank Raises $6 Million to Tackle Online Fraud and Chargebacks
Burbank Raises $6 Million to Tackle Online Fraud and Chargebacks
March 26, 2025  |  Payment Methods

Welsh FinTech Burbank has raised $6 million to bring “tap and PIN” payments online. The company’s funding round, announced Tuesday (March 25) on its LinkedIn...

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Fiserv CEO Wants to Tap AI to Find Social Security Fraud 
Fiserv CEO Wants to Tap AI to Find Social Security Fraud 
March 25, 2025  |  Artificial Intelligence

In his years at companies like Fiserv, Frank Bisignano has cultivated a reputation as a fixer. Now, the CEO says he aims to provide the...

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Westpac to Enable Consumers to Block Accounts When Suspecting Fraud
Westpac to Enable Consumers to Block Accounts When Suspecting Fraud
March 24, 2025  |  Banking

Westpac, a bank operating in Australia and New Zealand, plans to enable customers to immediately block their account through its app or online banking. This...

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Inspector General Report Points to Banks’ Cybersecurity Risks and Dwindling FDIC ‘IT Expertise’
Inspector General Report Points to Banks’ Cybersecurity Risks and Dwindling FDIC ‘IT Expertise’
March 21, 2025  |  Cybersecurity

A deep dive into Federal Deposit Insurance Corp.’s (FDIC) Office of Inspector General’s latest audit and report on the agency reveals key risks to banks:...

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21% of Financial Scams Start on Social Media
21% of Financial Scams Start on Social Media
March 20, 2025  |  Cybersecurity

They’re smart, they’re sophisticated and they’re on social media. A recently released report sheds light on the increasingly sophisticated tactics employed by financial scammers, revealing...

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A Matter of Trust: How AI Is Reshaping Risk Assessment
A Matter of Trust: How AI Is Reshaping Risk Assessment
March 19, 2025  |  Artificial Intelligence

Financial services institutions have long relied on machine learning for risk management, but the threat landscape has grown exponentially in the age of generative artificial...

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