payments fraud

Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network
Visa Buys Rambus Payments To Tokenize Any Transaction On Any Network
June 25, 2019  |  VISA

In the battle against payments fraud, tokenization offers a strong arrow in the quiver. Visa announces today (June 25) that it has acquired the token...

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How False-Positives Complicate The B2B Payments Fraud Fight
How False-Positives Complicate The B2B Payments Fraud Fight
June 20, 2019  |  B2B Payments

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. Between data breaches exposing customer details and card information and the...

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In Payments Fraud, A Crypto Scam
In Payments Fraud, A Crypto Scam
June 14, 2019  |  B2B Payments

It’s not just about invoices and BEC.  In one recent example, payments fraud reached into the crypto realm – and a publicly listed company.  Elsewhere,...

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Protecting Accounts Payable From Smarter, Faster Fraudsters
Protecting Accounts Payable From Smarter, Faster Fraudsters
June 12, 2019  |  Security & Fraud

Payments are getting faster, fraudsters are getting smarter — and AP departments are often unwitting victims of phishing and other schemes. Bottomline’s Doug Cranston, VP...

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Why Aren’t More FIs Using AI To Fight Fraud?
Why Aren’t More FIs Using AI To Fight Fraud?
June 11, 2019  |  Artificial Intelligence

Payment fraud is an ideal use case for machine learning and artificial intelligence (AI), and has been used by financial institutions (FIs) to great effect....

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‘Scattered Canary’ BEC Scams Aim At US Firms
‘Scattered Canary’ BEC Scams Aim At US Firms
June 10, 2019  |  B2B Payments

From a one-man shop committing check fraud on Craigslist to a sophisticated multi-fraudster committing BEC scams, the rise of Scattered Canary has been startling. Elsewhere, in...

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Why AI Is MIA In Most FI Fraud Departments
Why AI Is MIA In Most FI Fraud Departments
June 04, 2019  |  Artificial Intelligence

In the old days, forged checks were the biggest problems that bank fraud departments had to manage. Today, financial institutions (FIs) face a barrage of...

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Ireland’s Growing Invoice Redirect Fraud Problem
Ireland’s Growing Invoice Redirect Fraud Problem
May 17, 2019  |  B2B Payments

Authorities in Ireland have warned businesses about a rise in “CEO fraud” that gets unwitting victims to pay up in invoice redirect fraud. Separately, individual...

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Is Digital The Best Defense Against Trade Finance Fraud?
Is Digital The Best Defense Against Trade Finance Fraud?
May 10, 2019  |  B2B Payments

There are trillions of dollars at stake when it comes to trade finance fraud, and a senior OCBC Bank MD urges firms to go digital...

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