Tag : Fraud

Unit21 Launches AI-powered Check Fraud Prevention & Investigation Features for Financial Institutions
Compliance management Fintech News

Unit21 Launches AI-powered Check Fraud Prevention & Investigation Features for Financial Institutions

Business Wire
by Business Wire0110
This suite of four features prevents fraud loss before it reaches the FI and leverages AI, automating the check investigation process for banks and credit unions. Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced the launch of......
Enhanced Experian Ascend Technology Platform Transforms Software for Credit, Fraud and Analytics
Finance Fintech News

Enhanced Experian Ascend Technology Platform Transforms Software for Credit, Fraud and Analytics

Business Wire
by Business Wire0183
First-of-its-kind platform now integrates Experian’s market-leading data, generative AI and cutting-edge machine learning solutions into one unified interface As companies around the globe grapple with an accelerated pace of change and seek ways to optimize their businesses, Experian is ushering in a new era of simplification, scalability and automation through......
American Banker Publishes The Emerging Payments Technology 2024 Research Report
Digital Payments News

American Banker Publishes The Emerging Payments Technology 2024 Research Report

PR Newswire
by PR Newswire0235
The findings reveal more than eight in 10 respondents plan to deploy generative AI in support of their payments businesses in the next two years, using it — among other things — to address the fraud and customer experience hurdles facing the industry. Arizent, the parent company of American Banker, an information resource......
Unit21's New ACH Features Unleash Safer, Faster Payments
Digital Payments News

Unit21’s New ACH Features Unleash Safer, Faster Payments

Business Wire
by Business Wire0117
These two features–ACH Risk Scores and Action Event Rules–enhance fraud detection and enable faster fund availability for banks, credit unions, and fintechs Unit21, a company that proactively mitigates risk tied to money laundering, fraud, and other illicit activities, announced the launch of ACH Risk Scores and Action Event Rules .......
Regula Pinpoints Top Three Business Challenges with Verification of International Customers
News Security

Regula Pinpoints Top Three Business Challenges with Verification of International Customers

Business Wire
by Business Wire0508
In addition to the clear risks, such as an increase in fraud, attracting new foreign customers presents less apparent challenges, including the absence of standardized documentation and language barriers. These are the results of a global survey conducted by Regula, a global developer of forensic devices and identity verification solutions.......
DCI Expands DataVisor Partnership for Increased Fraud Protection
Fintech News Risk Management Security

DCI Expands DataVisor Partnership for Increased Fraud Protection

Business Wire
by Business Wire0157
DataVisor, the world’s leading AI-powered fraud and risk platform, is thrilled to announce the expansion of its partnership with DCI, a leading provider of award-winning core processing, digital banking, and fintech solutions. Following a highly successful initial phase of deployment, DCI will now broaden the use of DataVisor’s next-generation fraud solutions......
Pxp Financial Awarded Visa Accreditation
Digital Payments Fintech News

PXP Financial Awarded Visa Accreditation

Fintech News Desk
by Fintech News Desk0357
 PXP Financial, the expert in global acquiring, payment, fraud, and data analysis services, announced it has received accreditation from Visa, a world leader in digital payments, to become a Token Service Provider. Latest Fintech Interview: Global Fintech Interview with Paul Monk, Chief Executive Officer at Alpha Development  The Visa Token......
Returns Abuse With a Twist
B2C Commerce Guest Posts

Returns Abuse With a Twist

Doriel Abrahams
by Doriel Abrahams0374
The tried-and-true method of fraud is getting an upgrade: double dipping  According to the National Retail Federation (NRF), for every $100 in returned goods during 2021, $10.30 was lost to return fraud.   In times of economic turmoil, it’s not surprising that even the more stringent consumers might consider compromising their......
B2B Markets News Technology

Mastercard And LSEG’s GIACT Improve Customer Digital Identity And Fraud Solutions.

Fintech Staff Writer
by Fintech Staff Writer0386
GIACT, a division of the LSEG (London Stock Exchange Group), announces a cooperation with Mastercard, a leading provider of global payments technology, to use Open Banking to offer clients a safe method of account verification. As a result of the cooperation, businesses will be able to employ a variety of......
Consumers Online Payment Security Fears Grow Following ‘Cost-of-Living Crisis’, Says Paysafe Research
Digital Payments News

Consumers Online Payment Security Fears Grow Following ‘Cost-of-Living Crisis’, Says Paysafe Research

Fintech News Desk
by Fintech News Desk0393
62% of global consumers increasingly see fraud as an inevitable risk of online shopping Over half (59%) of consumers are more concerned about becoming a victim of fraud now than they were in 2021. That’s according to research* released by leading specialised payments platform, Paysafe (NYSE: PSFE) which indicates that consumers across North......
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