Most crimes, as the saying goes, are crimes of opportunity. And that’s bad news for small businesses, whose lack of resources and challenges when accessing financing often leaves them ill-prepared for fraud schemes and scams — particularly given the shot in the arm that innovations...
In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card payments industry. Continued uncertainty in the market and our geopolitical landscape is one of the few things that we...
As scammers and fraudsters become more sophisticated, shoppers are demanding more effective prevention tools from their eCommerce merchants. By the Numbers The PYMNTS Intelligence study “Fraud Management, False Declines and Improved Profitability,” created in collaboration with Nuvei, draws on insights from a survey last summer of...
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce. And in an era where technology has become increasingly sophisticated, so too have the methods employed by scammers. From identity theft to fraudulent transactions, scams are evolving at an...
May 02, 2024
Most crimes, as the saying goes, are crimes of opportunity. And that’s bad news for small businesses, whose lack of resources and challenges when accessing financing often leaves them ill-prepared for fraud schemes and scams — particularly given the shot in the arm that innovations like artificial intelligence (AI) have given to bad actors. “Larger […]
May 02, 2024
In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card payments industry. Continued uncertainty...
May 01, 2024
Scams, regrettably, are a feature — not a bug — of modern, digital payments and commerce. And in an era where technology has become increasingly sophisticated, so too have the...
April 26, 2024
Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as Chris Caruana, VP of Strategy...
May 02, 2024
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3 billion, and comes amid a rising demand for fraud prevention solutions. Permira’s acquisition comes almost exactly a year after the news that the company had purchased a minority stake in BioCatch. “Permira […]
April 24, 2024
Financial crime intelligence provider ComplyAdvantage has acquired tech company Golden. As ComplyAdvantage noted in a Wednesday (April 23) news release sent to PYMNTS, Golden is “automating the construction of one of the world’s...
April 22, 2024
Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. AP Protect, announced Monday (April 22), is an artificial intelligence (AI)-powered tool that helps finance teams guard against fraud,...
April 15, 2024
Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of State’s Diplomatic Security Service (DSS) issued a...
