Mastercard has teamed with Consumers International to improve protections for vulnerable consumers in the digital finance space. The project, announced Thursday (Dec. 7) and part of the Mastercard Center for Inclusive Growth, is designed to bring together digital financial service providers, regulatory bodies, consumer advocates and technology companies,...
Senior-focused financial platform Charlie has introduced a suite of fraud protection tools for older Americans. The company’s FraudShield offering, announced in a news release Wednesday (Nov. 8), uses data about 62-and-older consumers’ static habits, patterns and preferences to help combat the $28-billion-per-year problem of financial crimes against older...
The utility of artificial intelligence (AI) is often forgotten amid the hysteria swirling around it. But in a world where technology is advancing at an unprecedented pace, that utility can be transformative. “When you think about financial services, the [immediate use case] is obviously fraud protection,” Jeremiah Lotz,...
Robust fraud prevention measures, having always been an important tool for businesses, are now a must. When payments took hours or days to go through, companies had more time to verify the authenticity of invoices and perhaps even claw back funds accidentally sent to fraudsters. Now, however, businesses using faster...
June 26, 2023
The utility of artificial intelligence (AI) is often forgotten amid the hysteria swirling around it. But in a world where technology is advancing at an unprecedented pace, that utility can be transformative. “When you think about financial services, the [immediate use case] is obviously fraud protection,” Jeremiah Lotz, managing vice president, digital and data at PSCU, told PYMNTS. […]
February 28, 2023
Business-to-business (B2B) payments are transforming as companies of all sizes swap checks and traditional payment methods for real-time payments, embedded finance solutions and banking-as-a-service (BaaS) products. Adopting these quicker, more...
December 05, 2022
In a year filled with belt-tightening and challenges, retailers are tapping cheaper cloud-based tech solutions. From the ongoing Ukraine crisis and supply chain issues to an energy crisis and decreased...
May 14, 2020
eCommerce ordering shot up since the pandemic was declared on March 12 and brick-and-mortar businesses closed its doors, leading to a boom in both businesses and consumer transacting through digital...
December 07, 2023
Mastercard has teamed with Consumers International to improve protections for vulnerable consumers in the digital finance space. The project, announced Thursday (Dec. 7) and part of the Mastercard Center for Inclusive Growth, is designed to bring together digital financial service providers, regulatory bodies, consumer advocates and technology companies, to address the growing complexity of the digital finance ecosystem. […]
November 08, 2023
Senior-focused financial platform Charlie has introduced a suite of fraud protection tools for older Americans. The company’s FraudShield offering, announced in a news release Wednesday (Nov. 8), uses data about 62-and-older consumers’ static...
November 21, 2022
Payments platform NMI is collaborating with digital identity firm Kount, an Equifax company, to provide independent software vendors, independent sales organizations and merchant partners with enhanced fraud protection. With this...
October 25, 2019
A new survey has found that the biggest obstacles hindering online retailers from doing business abroad is fraud prevention, and currency and payment processing. Fraud protection provider Kount and all-in-one...
