payment fraud

Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
Younger Consumers Drive Surge in Peer-to-Peer Payments App Popularity
March 06, 2024  |  Money Mobility

Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience....

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Porch Launches Fraud Warning Product for Title and Escrow Companies
Porch Launches Fraud Warning Product for Title and Escrow Companies
January 10, 2024  |  Security & Fraud

Porch Group has launched a fraud warning product for title and escrow companies. The new RynohVerifi product is designed to help protect against payment fraud by confirming...

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Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
February 06, 2023  |  Security & Fraud

The U.K.’s payments regulator wants banks to reimburse victims of authorized push payment (APP) fraud. In light of a 40% increase in APP fraud in...

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Study Finds Half of Retailers Turned Away New Business Customers Over KYB
Study Finds Half of Retailers Turned Away New Business Customers Over KYB
July 20, 2022  |  Fraud Prevention

Proving and authenticating an organization’s digital identity is one of the biggest struggles for companies mitigating business-to-business (B2B) payments fraud. PYMNTS’ data finds that nearly...

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Authorized Push Payment Fraud Reaches ‘Epidemic’ Levels in UK
Authorized Push Payment Fraud Reaches ‘Epidemic’ Levels in UK
June 29, 2022  |  Security & Fraud

The U.K. is experiencing a widespread “epidemic” of payments fraud, in which scammers trick victims into sending money into fraudsters’ accounts, the Financial Times reported...

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Card Issuing Platform Marqeta Launches Risk Management Suite
Card Issuing Platform Marqeta Launches Risk Management Suite
April 21, 2022  |  Security & Fraud

Global card issuing platform Marqeta is introducing a new product suite the company said will help customers that use its card-issuing platform fight fraud —...

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PYMNTS Intelligence: Behavioral Analytics’ Role In Multilayered Fraud Defense Systems
PYMNTS Intelligence: Behavioral Analytics’ Role In Multilayered Fraud Defense Systems
February 11, 2022  |  Authentication

A recent PYMNTS study found that 11% of credit and debit card users experienced some form of fraud in 2021, as did more than 5% of consumers using social...

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Heartland School Solutions: How Schools Are Integrating Digital Solutions Into Their Payments Systems
Heartland School Solutions: How Schools Are Integrating Digital Solutions Into Their Payments Systems
September 23, 2021  |  Digital Payments

Stacking cash and checks is no longer sustainable for school systems, but many are giving high marks to digital payments for their visibility and cost...

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