Authenticated Payments

Authenticated Payments

Report: AI And Transaction Notifications Help FIs Stop Payments Fraud Before Customers Get Scammed

Telling good transactions from bad is tough when customers are scammed into validating fraudulent payments. In the “Authenticated Payments Report,” a PYMNTS and LoginID collaboration, HSBC’s Drew Douglas explains how financial institutions can use artificial intelligence (AI)-powered analytics and customer-facing transaction notifications to avert these social engineering attacks.

Inside the September/October Report

  • An interview with Drew Douglas, the North American regional head of liquidity and cash management at HSBC, on how AI transaction analysis and proactive transaction approval measures can prevent phishing
  • The latest authenticated payment developments, including how U.K. banks stopped £32 million in attempted scams in the first half of 2021 and why card-not-present fraud accounts for 90 percent of all payments fraud in Australia
  • A Deep Dive analyzing fraud threats facing the digital payments industry and the tools banks and payments providers can leverage to defend against cyberattacks

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    Authenticated Payments