payments fraud

New Data: GenAI Emerges as Effective Weapon in Banks’ War to Reduce False Positives

New Data: GenAI Emerges as Effective Weapon in Banks’ War to Reduce False Positives
New Data: GenAI Emerges as Effective Weapon in Banks’ War to Reduce False Positives
June 28, 2024  |  Artificial Intelligence

Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and...

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Orum Debuts ‘No Code Verify’ to Combat Failed Payments 
Orum Debuts ‘No Code Verify’ to Combat Failed Payments 
May 02, 2024  |  Authentication

Payments firm Orum has debuted a tool to help clients prevent failed payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Private Equity Firm Permira Acquires Majority Stake in Fraud Prevention Firm BioCatch
Private Equity Firm Permira Acquires Majority Stake in Fraud Prevention Firm BioCatch
May 02, 2024  |  Partnerships

Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch.  Get the Full Story Complete the form to unlock...

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

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. Get the...

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Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
Cognizant and FICO to Launch Real-Time Payments Fraud Prevention Solution
April 17, 2024  |  Cybersecurity

Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. Get the Full Story...

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FIs Look to Advanced Technologies to Protect Faster Payments
FIs Look to Advanced Technologies to Protect Faster Payments
April 12, 2024  |  Money Mobility

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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‘Swarm’ Attacks Challenge Traditional Fraud Defenses  
‘Swarm’ Attacks Challenge Traditional Fraud Defenses  
April 04, 2024  |  Fraud Prevention

For as long as hard-earned money has existed, criminals have been trying to take it. And as money itself has evolved across an increasingly digital...

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Australia Payments Plus Picks Swift to Battle Payments Fraud
Australia Payments Plus Picks Swift to Battle Payments Fraud
March 19, 2024  |  Cybersecurity

Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Get the Full Story Complete the form to unlock this article...

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