Search Results for: fraud

FIS Increases Approval Rates and Decreases eCommerce Fraud Liability for Merchants with Guaranteed Payments
E-commerce News

FIS Increases Approval Rates and Decreases eCommerce Fraud Liability for Merchants with Guaranteed Payments

Fintech News Desk
by Fintech News Desk0
Financial technology leader FIS announced the launch of its Guaranteed Payments solution, becoming the only payments processor to offer a fully integrated solution designed to guarantee merchants increased eCommerce transaction approval rates and eliminate the financial liability of chargebacks due to fraudulent purchases. Latest Fintech News: Outsourced Investment Firms Totaling Nearly $160......
AU10TIX Protects Businesses Against $2 Billion in Fraud Since Start of 2022
Finance News

AU10TIX Protects Businesses Against $2 Billion in Fraud Since Start of 2022

Fintech News Desk
by Fintech News Desk0
Leading automated identity verification technology company expands financial services presence to create a more secure and inclusive digital economy AU10TIX, a leading global provider of fully automated identity verification technology powered by cutting-edge machine learning and artificial intelligence (AI), today announced that the company has prevented $2 billion in fraud related losses......
Hybrid Working Unleashes Wave of Insider Fraud as More Than Half of Businesses Fall Victim
B2B News Security

Hybrid Working Unleashes Wave of Insider Fraud as More Than Half of Businesses Fall Victim

Fintech News Desk
by Fintech News Desk0
Businesses of all sizes have been hit hard by fraud, and only 32% of fraud losses have been recovered in Great Britain (GB) and the United States (US) The shift to a cashless economy accelerates, with 1 in 5 businesses in Great Britain and 1 in 4 in the United......
Carahsoft Announces Okta and LexisNexis Risk Solutions Alliance to Fight Cyber Fraud
Digital Payments News Security

Carahsoft Announces Okta and LexisNexis Risk Solutions Alliance to Fight Cyber Fraud

Fintech News Desk
by Fintech News Desk0
Modern Identity Proofing and Strong Authentication Blocks Identity Theft, Account Takeovers, and Fraudulent Payments Carahsoft Technology Corp., The Trusted Government IT Solutions Provider announced an alliance with identity authentication providers Okta and LexisNexis Risk Solutions to help government fight cyber fraud. The alliance provides state and local governments with a......
Amazon Launches FightTheFraud Initiative
News Security

Amazon Launches FightTheFraud Initiative

Fintech News Desk
by Fintech News Desk0
Amazon India has collaborated with the CyberPeace Foundation and Knowledge Partner Rashtriya Raksha University (RRU) to launch the #FightTheFraud initiative to rally against the increasing cases of online scams Aimed to drive awareness to better equip consumers, brands and small businesses on online safety To dial-up awareness around online scams,......
Keyno CVVke Fraud Prevention Solution Significantly Reduces Online Fraud for Fidelity Bank Bahamas Customers
Banking News

Keyno CVVke Fraud Prevention Solution Significantly Reduces Online Fraud for Fidelity Bank Bahamas Customers

Fintech News Desk
by Fintech News Desk0
Keyno Inc, a leading maker of cutting-edge payment technologies, today announced it has facilitated a dramatic and sustained reduction in online fraud at Fidelity Bank Bahamas with its CVVkey (dynamic CVV2) fraud prevention solution. The year-over-year comparison of debit and credit card portfolios showed an overall fraud reduction of 70.8%......
NICE Actimize Xceed AI Cloud Platform Chosen by American State Bank to Manage AML and Fraud Risk Management
Banking News

NICE Actimize Xceed AI Cloud Platform Chosen by American State Bank to Manage AML and Fraud Risk Management

Fintech News Desk
by Fintech News Desk0
Xceed’s best-in-class AI, data intelligence, and behavioral analytics within a unified cloud platform permits mid-sized financial institutions to perform with greater agility NICE Actimize, a NICE business, confirmed that American State Bank, a Texas-based financial institution, has selected NICE Actimize Xceed, an all-in-one AI fraud and anti-money laundering platform, to drive the financial......
Prove Partners with Financial Organisations and Mobile Carriers in the United Kingdom to Fight Scams Such as Authorised Push Payment Fraud
Cryptocurrency News Security

Prove Partners with Financial Organisations and Mobile Carriers in the United Kingdom to Fight Scams Such as Authorised Push Payment Fraud

Fintech News Desk
by Fintech News Desk0
Prove launches new Trust Score attribute in the UK centered on scam mitigation Prove Identity, Inc. (“Prove”), the leader in digital identity, announced that it is partnering with financial organisations and mobile carriers to use cryptographic authentication to fight authorised push payment (APP) fraud and scams in the UK. Prove’s......
Banking on Real-Time AI Florida Credit Union Sees 97% Reduction in Fraud
Banking News Security

Banking on Real-Time AI Florida Credit Union Sees 97% Reduction in Fraud

Fintech News Desk
by Fintech News Desk0
While many big banks are still struggling to advance from the experimentation phase to fully implementing Artificial Intelligence (AI) solutions, one Florida-based credit union has taken the leap and reaped enormous benefits. Using breakthrough RembrantAi technology from IT Solutions company, ToolCASE, Launch Credit Union prevented more than $1.8 million in fraud in 2021, a 97%......
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