Fraud/page/86 news and trends

FTC Names General Counsel and Heads of Consumer Protection and Competition Bureaus

February 10, 2025
FTC
New Report Examines the Slick New Face of Digital Fraud
Security & Fraud // February 10, 2025

Scammers aren’t just throwing darts at a board anymore — they’re getting personal. A new Fraud and Financial Crimes report from PYMNTS Intelligence finds that today’s sophisticated fraudsters are now targeting victims based on their unique vulnerabilities, tailoring their digital fraud scams to fit different...

UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions
Security & Fraud // February 07, 2025

The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. The agency intervened and forced the withdrawal or amendment of twice as many financial promotions in 2024 as it did the year before, according to a...

Banks Offering Instant Payments Say Bills Are Top Consumer Use
Real-Time Payments // February 07, 2025

For banks still on the fence about real-time payments, here’s a reality check: Not offering instant payments doesn’t just mean losing potential new customers — it could mean losing existing ones. Think of instant payments as the financial industry’s version of same-day delivery. Consumers and...

ACI and Banfico Team to Tackle EU/UK APP Fraud 
Partnerships // February 06, 2025

Payments tech firm ACI Worldwide has teamed with account verification FinTech Banfico. The partnership will allow ACI to help banks and payment service providers (PSPs) in Europe and the U.K. comply with mandates to offer confirmation of payee (CoP) and verification of payee (VOP) services, per a Thursday...

Interviews & Exclusives
New Report Examines the Slick New Face of Digital Fraud

February 10, 2025
Scammers aren’t just throwing darts at a board anymore — they’re getting personal. A new Fraud and Financial Crimes report from PYMNTS Intelligence finds that today’s sophisticated fraudsters are now targeting victims based on their unique vulnerabilities, tailoring their digital fraud scams to fit different age groups, lifestyles and spending habits. These aren’t your hoodie-wearing […]

Banks Offering Instant Payments Say Bills Are Top Consumer Use

February 07, 2025
For banks still on the fence about real-time payments, here’s a reality check: Not offering instant payments doesn’t just mean losing potential new customers — it could mean losing existing...

Arculus, Mastercard and Truist Explore Fraud and the Economy’s Three S’s

February 06, 2025
Instant gratification rules today’s theater of commerce, and businesses shouldn’t be letting fraud get in the way by slowing down transactions. From seamless tap-to-pay interactions at local coffee shops to...

SMBs Need to Cut the Check Before Checks Cut Them

February 04, 2025
It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same way they’ve done since the...

Quick Reads
FTC Names General Counsel and Heads of Consumer Protection and Competition Bureaus

February 10, 2025
The Federal Trade Commission has a new general counsel and two new heads of bureaus. FTC Chairman Andrew N. Ferguson announced the appointments Monday (Feb. 10). The new director of the FTC’s Bureau of Consumer Protection is Christopher Mufarrige, a consumer protection lawyer who served in the first President Donald Trump administration as senior adviser […]

UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions

February 07, 2025
The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. The agency intervened and forced the withdrawal or amendment of twice...

ACI and Banfico Team to Tackle EU/UK APP Fraud 

February 06, 2025
Payments tech firm ACI Worldwide has teamed with account verification FinTech Banfico. The partnership will allow ACI to help banks and payment service providers (PSPs) in Europe and the U.K. comply with mandates...

Worldpay Acquires Ravelin to Add AI-Powered Fraud Prevention Products

February 04, 2025
Worldpay has agreed to acquire London-headquartered AI-native fraud prevention platform Ravelin. The acquisition, which is expected to close during the first quarter, will complement Worldpay’s portfolio of payments technology and solutions...