Search Results for: Fraud

Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D
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Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D

FTS News Desk
Paul Melby will oversee the launch of Vesta’s new AI lab to accelerate development of advanced fraud-eliminating capabilities. Vesta, a global leader in card-not-present (CNP) fraud prevention and approval enhancement solutions, today announced it has tapped industry veteran Paul Melby to serve as Senior Vice President, Artificial Intelligence and R&D. His duties......
illumy Partners With PayCertify On Fraud Mitigation, Payment Processing
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illumy Partners With PayCertify On Fraud Mitigation, Payment Processing

FTS News Desk
The partnership seeks to bridge fintech and hyper-communications™ illumy, a first-of-its-kind hyper-communications™ platform, announced a partnership with PayCertify, an innovative, global fintech marketplace and leader in card issuing and payment processing. Through this new partnership, illumy will provide best-in-class fraud mitigation and payment processing as well as cutting-edge financial solutions for......
Three Ways To Fight Bank Fraud
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Three Ways To Fight Bank Fraud

Cheryl Chiodi
The rise in daily fraud attacks on banks and financial institutions has led to some organizations adding additional resources to their financial crime teams, but if they are still using old tools, is throwing more people at the problem the answer? There is no doubt that Know Your Customer (KYC)......
HUBUC Teams up With IDEMIA to Provide Dynamic CVV MOTION CODE™ Card to Help Fight Fraud
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HUBUC Teams up With IDEMIA to Provide Dynamic CVV MOTION CODE™ Card to Help Fight Fraud

FTS News Desk
Embedded financial services provider HUBUC launches new card offering for clients across Europe Partnering with IDEMIA to offer payment cards with MOTION CODE™ technology – a dynamic security code to help protect retailers and cardholders against fraud European Central Bank’s latest figures put European card-not-present fraud losses at €1.4bn per year......
VTB Applies AI Model to Clamp Down on Payment Card Fraud
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VTB Applies AI Model to Clamp Down on Payment Card Fraud

FTS News Desk
VTB is implementing a new model based on AI to prevent fraudulent card transactions: a machine learning algorithm trained on more than 10,000 parameters detects 1.5 times more attempts by attackers to commit fraudulent transactions compared to previous operating systems. The model, developed by VTB’s internal AI specialists, analyses the......
BAI Finds Consumers Confident in Financial Services Organizations’ Fraud Response
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BAI Finds Consumers Confident in Financial Services Organizations’ Fraud Response

FTS News Desk
According to research recently conducted by BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, fraud and security remain the biggest frustration with digital banking customers. Today’s consumer is faced with greater challenges relative to fraud due to the impact of the COVID-19 pandemic, subsequent......
NYDFS Puts Out Cybersecurity Fraud Alert
Fintech News

NYDFS Puts Out Cybersecurity Fraud Alert

FTS News Desk
The New York State Department of Financial Services (“DFS”) today issued a cybersecurity fraud alert (“Alert”) to all of its regulated entities. The Alert describes a widespread cybercrime campaign to steal consumers’ nonpublic information (“NPI”) from public-facing websites that transmit or display redacted NPI. Read More: BitPay Card Adds Support......
OneConnect and Singapore Exchange Collaborate to Address Esg Reporting Needs
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Shift Technology and CRIF Collaborate in the Fight Against Insurance Fraud

FTS News Desk
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced it has collaborated with CRIF Decision Solutions Ltd., leader in information services, fraud prevention and digital solutions. As a result, Sherlock solution will be made available to MIB CUE (Claims and Underwriting......
Higher Education Institutions Rely on PaymentWorks to Digitize Critical Supplier Payment Functions and Guard Against Fraud
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Higher Education Institutions Rely on PaymentWorks to Digitize Critical Supplier Payment Functions and Guard Against Fraud

FTS News Desk
Automating pervasive manual processes eliminates the risk of business payments fraud and ensures consistency of payments despite pandemic-driven changes to internal controls  PaymentWorks today announced higher education institutions across the country are increasingly relying on the PaymentWorks Business Identity Platform to automate critical payee identity processes and eliminate the risk......
Entrust Partners With Netcetera to Fight Online Payment Fraud
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Entrust Partners With Netcetera to Fight Online Payment Fraud

FTS News Desk
Solution enables analysis and verification of card-not-present transactions Entrust, a leading provider of trusted identities, payments and data protection, has announced a partnership with Netcetera, a leading 3 Domain Secure (3DS) provider, to help financial institutions combat fraud associated with card-not-present (CNP) transactions.  Read More: Micronotes and Experian Empower Financial Institutions......