Tag : payment fraud

Zimswitch Taps ACI Worldwide to Protect Zimbabweans from Payment Fraud
Digital Payments Finance Fintech News Risk Management

Zimswitch Taps ACI Worldwide to Protect Zimbabweans from Payment Fraud

Business Wire
by Business Wire0
Zimswitch will utilize ACI Fraud Management and Payments Intelligence to combat fraud in Zimbabwe Zimbabwe, an original innovator in global payments technology, today announced that Zimswitch, Zimbabwe’s national electronic payments switch and a leading payments technology company, has chosen ACI’s Fraud Management and Payments Intelligence solution to enhance its fraud prevention and......
Reducing Fraud and Amping up Authorizations: Worldpay and Capital One Share Transaction Data to Optimize Payments
Digital Payments Fintech News

Reducing Fraud and Amping up Authorizations: Worldpay and Capital One Share Transaction Data to Optimize Payments

Business Wire
by Business Wire0
New partnership aims to improve the detection of real fraud events and reduce false positive declines Worldpay and Capital One have joined forces in a new collaboration to optimize payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Merchants enrolled in Worldpay’s flagship fraud detection and......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Combating Payment Fraud with AI-Powered Risk Scoring

Fintech Staff Writer
by Fintech Staff Writer0
Digital banking has revolutionized how people manage finances, but it has also increased exposure to payment fraud. As fraudsters become more sophisticated, traditional rule-based methods struggle to keep pace. AI-powered risk scoring provides a more robust solution by analyzing vast amounts of transaction data and identifying subtle patterns that indicate......
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 Presswire0
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 Newswire0
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 Newswire0
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 Wire0
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 Wire0
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 Newswire0
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 Desk0
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......
1