Tag : payment fraud

Mangopay launches new AI-driven Fraud Prevention solution for platforms
Finance Fintech News

Mangopay launches new AI-driven Fraud Prevention solution for platforms

EIN Presswire
by EIN Presswire0126
Fully integrated, customisable product offers enhanced protection including real-time fraud detection, darknet insights and device fingerprinting Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution. Mangopay’s Fraud Prevention solution provides a fully integrated and payment processor-agnostic AI-driven cybersecurity solution......
Fingerprint and Oscilar Partner to Bring Frictionless Fraud Prevention to The Fintech Industry
Artificial Intelligence Fintech News

Fingerprint and Oscilar Partner to Bring Frictionless Fraud Prevention to The Fintech Industry

PR Newswire
by PR Newswire0146
This strategic collaboration combines device intelligence and AI-powered risk decisioning to reduce fraud and enhance the customer experience Fingerprint, the world’s most accurate device intelligence platform, is partnering with Oscilar, a trailblazer in AI-driven risk and fraud management, to empower fintech companies with advanced fraud prevention and detection capabilities while ensuring a frictionless customer experience. Cumulative online......
New IDIQ Report Finds Staggering Surge of Spear Phishing and Utility Payment Fraud
Finance Fintech News

New IDIQ Report Finds Staggering Surge of Spear Phishing and Utility Payment Fraud

PR Newswire
by PR Newswire0126
IDIQ, a financial intelligence company that empowers consumers to take everyday action to control their financial well-being, featuring the flagship IdentityIQ® brand, today released its IdentityIQ 2023 Scam Report, identifying identity theft trends from 2023 and predictions for this year. The report, based on proprietary data, highlights that spear phishing scams targeting......
Payment Transaction Fraud Among Key Risks to Business Operations – and Reputation
Business Digital Payments News

Payment Transaction Fraud Among Key Risks to Business Operations – and Reputation

Business Wire
by Business Wire0310
New research by Creednz in collaboration with the Ponemon Institute notes rising cases of payment transaction fraud are costing businesses more than just money Payment fraud amounting to billions of dollars remains among the top risks to companies globally, with more than two-thirds of U.S. corporate finance departments reporting some......
FiveBy and Worldline Offer Solutions to Reduce Global Ecommerce Payment Fraud
Commerce News

FiveBy and Worldline Offer Solutions to Reduce Global Ecommerce Payment Fraud

Business Wire
by Business Wire0271
Globally, digital commerce fraud is expected to surpass $48 billion in 2023. According to a recent report, every one dollar in fraud experienced by a company will cost that company $3 in recovery and expenses. Worldline and FiveBy are working together to provide payment processing and consultative services to implement......
ComplyAdvantage Takes on Payment Fraud with New AI-powered Solution
Machine Learning News

ComplyAdvantage Takes on Payment Fraud with New AI-powered Solution

PR Newswire
by PR Newswire0323
Fraud Detection uses innovative machine learning algorithms to identify and prevent transaction fraud Criminals have never had more avenues through which to defraud people. This has been fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments. That’s why ComplyAdvantage,......
New Report: Identity Fraud Doubled in Crypto and Banking in 2022
Banking News

New Report: Identity Fraud Doubled in Crypto and Banking in 2022

Fintech News Desk
by Fintech News Desk0381
All-in-one verification platform, Sumsub, highlights seven key fraud trends of 2022 and shares predictions for 2023 in its annual identity fraud study Sumsub, a global verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, published its second annual Identity Fraud Report, that identifies......
Juniper Research Online Payment Fraud Losses to Exceed $343 Billion Globally Over the Next 5 Years, Juniper Research Study Finds
Digital Payments News

Juniper Research Online Payment Fraud Losses to Exceed $343 Billion Globally Over the Next 5 Years, Juniper Research Study Finds

Fintech News Desk
by Fintech News Desk0520
Juniper Research has found cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed $343 billion. As a comparison, this equates to over 350% of Apple’s reported net income in the 2021 fiscal year; showing the massive extent of these losses. Latest Fintech News: Sphere 3D Corp. Provides......
Marqeta Announces RiskControl, An End-to-End Risk Management Suite of Products for Card Issuers to Combat Payment Card Fraud
News Risk Management

Marqeta Announces RiskControl, An End-to-End Risk Management Suite of Products for Card Issuers

Fintech News Desk
by Fintech News Desk0560
Marqeta RiskControl is a comprehensive suite of risk management products built for customers using its global modern card issuing platform, providing card issuers with control over card transactions, optimizing performance, and mitigating program risk and compliance implications Marqeta, the global modern card issuing platform, announced its new RiskControl solution, a......
NIP Group Announces the Launch of Cost-Effective Cyber Security Insurance Program for Specialty Programs
InsurTech News

NIP Group Announces the Launch of Cost-Effective Cyber Security Insurance Program for Specialty Programs

Fintech News Desk
by Fintech News Desk0384
NIP Group, a market leader in insurance program administration, is proud to announce the addition of Cyber Suite, a comprehensive cyber security insurance program specifically created to assist landscapers, tree care professionals, construction contractors, and greenhouse and nursery growers with a cost-effective solution to combat the myriad of cyber threats......
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