Tag : Fraud prevention

Staying Ahead of Payments Fraud with Artificial Intelligence
Artificial Intelligence Digital Payments Guest Posts

Staying Ahead of Payments Fraud with Artificial Intelligence

Debbie Guerra
by Debbie Guerra0
The rise of real-time payments across the world has contributed billions to the global economy and acted as a strong positive force of financial inclusion for underserved communities. The U.S. is currently at an inflection point, as July’s launch of the Federal Reserve’s FedNow Service is expected to support much......
Bureau Extends Series a Funding to $16.5 Million With GMO Venturepartners as It Scales Globally
Compliance management News Security

Bureau Extends Series a Funding to $16.5 Million With GMO Venturepartners as It Scales Globally

PR Newswire
by PR Newswire0
Revenues and customer growth increased 6x in the last 12 months as GMO VenturePartners adds $4.5M to the existing $12M series A. Bureau eyes strategic partnership with GMO Payment Gateway and acquires YC-backed identity verification startup inVOID to enhance its global coverage, widen its IP scope and broaden its tech stack. Fraud and identity decisioning platform Bureau announced......
FundingShield Leverages Mastercard Open Banking to Expand Payment Verification Solutions
Banking Fintech News

FundingShield Leverages Mastercard Open Banking to Expand Payment Verification Solutions

Business Wire
by Business Wire0
FundingShield, a market-leading, cloud-based firm providing fintech solutions to manage risk, compliance and fraud prevention, has entered a partnership with Mastercard to leverage its open banking platform delivered by Finicity, a Mastercard company. FundingShield provides live, source data-based technology products and SaaS solutions that have been used to secure the......
Moonsense Raises $4.2 Million in Seed Funding and Introduces Next-Gen User Behavior and Network Intelligence Solution
Fintech Funding News Security

Moonsense Raises $4.2 Million in Seed Funding and Introduces Next-Gen User Behavior and Network Intelligence Solution

Business Wire
by Business Wire0
Hassle-free initial trial, harnesses digital body language and source data for enhanced fraud detection Fraud prevention innovator Moonsense announced they have raised $4.2 million in seed funding and the general availability of its user behavioral and network intelligence solution to help organizations future-proof their fraud detection and prevention. Moonsense’s new......
Experian Announces New U.S. Fintech Data Network to Combat Fraud
Fintech News

Experian Announces New U.S. Fintech Data Network to Combat Fraud

Business Wire
by Business Wire0
Experian’s Hunter comes to the United States with nine top fintechs committed to participating Amid an uptick in fraud across the fintech industry, Experian introduced a fintech-focused version of Experian’s Hunter, an industry-leading fraud prevention data network, to the United States. This new U.S. fintech data network already has participation commitments......
FICO Survey: Majority of US Consumers Have Been Contacted by Real-Time-Payment Scammers
Digital Payments News

FICO Survey: Majority of US Consumers Have Been Contacted by Real-Time-Payment Scammers

Business Wire
by Business Wire0
A new report from FICO found that the consumer impact of authorized user and push payment scams are increasing and top of mind for American consumers Today, global analytics software firm, FICO released new research examining consumers’ increased use of real-time-payments (RTP) and the subsequent rise and impact of authorized push......
Cart.com Selects Nuvei as Its Exclusive Payments Partner
Digital Payments E-commerce Fintech News

Cart.com Selects Nuvei as Its Exclusive Payments Partner

GlobeNewswire
by GlobeNewswire0
Cart.com is integrating Nuvei for Platforms to give its customers access to enterprise-level payments technology that will accelerate their growth Nuvei Corporation, the Canadian fintech company, announces that it has been selected as the exclusive payments partner of Cart.com, a leading eCommerce software and service provider that enables retail brands......
EBA CLEARING to Enrich RT1 and STEP2 with Fraud Prevention and Detection Capabilities
Digital Payments News Security

EBA CLEARING to Enrich RT1 and STEP2 with Fraud Prevention and Detection Capabilities

PR Newswire
by PR Newswire0
The comprehensive solution will add insights from a central system view to the fraud-fighting efforts of STEP2 and RT1 users EBA CLEARING announced that it will enrich its SEPA payment systems, RT1 and STEP2, with fraud prevention and detection capabilities by November 2023. The Company’s new Fraud Pattern and Anomaly......
NICE Actimize Launches Real-Time Money Mule Defense Solution to Detect Illicit Activity Throughout the Entire Customer Lifecycle
Digital Payments News

NICE Actimize Launches Real-Time Money Mule Defense Solution to Detect Illicit Activity Throughout the Entire Customer Lifecycle

Business Wire
by Business Wire0
Using advanced AI, the solution employs a multi-model execution strategy that utilizes a diverse set of models, techniques, and algorithms to identify and prevent fraud Traditional payments monitoring systems often do not detect money mules’ movements as they secure illicit funds from financial institutions. To address this problem, NICE Actimize, a NICE business,......
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