Instant payments adoption continues to rise, but fraud concerns remain a powerful brake on momentum. As artificial intelligence drives more sophisticated attacks, businesses and financial institutions (FIs) are reassessing how risk factors into real-time money movement. While speed and liquidity are widely recognized benefits of...
Equifax and Mastercard have partnered to provide fraud management tools to businesses in Latin America, excluding Brazil. This collaboration will make these tools available to Mastercard business customers in Latin America — including financial institutions, payment service providers, acquiring banks and merchants — through Equifax’s Kount Payment Fraud...
According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in the year ended March 2024 from a year ago. The rise in fraud comes as India increasingly embraces digital payments...
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...
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 […]
October 19, 2016
There’s no question that retailers have a lot on their plates, but security and fraud have quickly become top of mind. Do retailers have the right tools to combat fraud...
September 01, 2026
Visa has introduced new tools to help banks prevent account-to-account (A2A) fraud. The payments giant on Tuesday (Sept. 1) debuted an enhanced version of its A2A project, designed to offer real-time risk insights that help banks stop A2A fraud before funds leave customer accounts. “Fraudsters move fast across payment types, and financial institutions need risk […]
December 05, 2024
Equifax and Mastercard have partnered to provide fraud management tools to businesses in Latin America, excluding Brazil. This collaboration will make these tools available to Mastercard business customers in Latin America —...
May 30, 2024
According to a new report from the Reserve Bank of India (RBI), digital payments fraud in the country grew 14.57 billion rupees ($175 million) in the year ended March 2024...
January 10, 2024
Porch Group has launched a fraud warning product for title and escrow companies. The new RynohVerifi product is designed to help protect against payment fraud by confirming the payee account ownership and...