Tag : Fraud

VTB Applies AI Model to Clamp Down on Payment Card Fraud
Artificial Intelligence Fintech News

VTB Applies AI Model to Clamp Down on Payment Card Fraud

FTS News Desk
VTB is implementing a new model based on AI to prevent fraudulent card transactions: a machine learning algorithm trained on more than 10,000 parameters detects 1.5 times more attempts by attackers to commit fraudulent transactions compared to previous operating systems. The model, developed by VTB’s internal AI specialists, analyses the......
Banking Featured Fintech Robotic Process Automation

Robotic Process Automation: Impact on Fintech and a Deep Dive into Top Global Providers

FTS News Desk
“There is a lot of automation that can happen that isn’t a replacement of humans but of mind-numbing behavior – Stewart Butterfield”. The moment the term ‘robot’ is used, most people start thinking of a human-like structure, simulating everything a human can do, but in a faster manner. Nonetheless, a......
Paddle Rolls Out New Payment Acceptance Features
B2B Fintech News

Paddle Rolls Out New Payment Acceptance Features

FTS News Desk
Paddle, the Revenue Delivery Platform for B2B Software-as-a-Service (SaaS) companies, today announced the launch of Paddle Pilot, a new set of features that helps businesses increase their payment acceptance and capture more revenue. With Paddle Pilot, fast-scaling SaaS businesses can maximise the success of their payments internationally, avoiding payment failures......
NYDFS Puts Out Cybersecurity Fraud Alert
Fintech News

NYDFS Puts Out Cybersecurity Fraud Alert

FTS News Desk
The New York State Department of Financial Services (“DFS”) today issued a cybersecurity fraud alert (“Alert”) to all of its regulated entities. The Alert describes a widespread cybercrime campaign to steal consumers’ nonpublic information (“NPI”) from public-facing websites that transmit or display redacted NPI. Read More: BitPay Card Adds Support......
Entrust Partners With Netcetera to Fight Online Payment Fraud
Business Cloud Fintech News Risk Management

Entrust Partners With Netcetera to Fight Online Payment Fraud

FTS News Desk
Solution enables analysis and verification of card-not-present transactions Entrust, a leading provider of trusted identities, payments and data protection, has announced a partnership with Netcetera, a leading 3 Domain Secure (3DS) provider, to help financial institutions combat fraud associated with card-not-present (CNP) transactions.  Read More: Micronotes and Experian Empower Financial Institutions......
MYHSM advances security for Sub-Saharan payments outfit Accelerex
Business Fintech Investment Services News

MYHSM Advances Security for Sub-Saharan Payments Outfit Accelerex

FTS News Desk
MYHSM, the global provider of Payment Hardware Security Modules (HSM) as a Service today announces the results of its partnership with Global Accelerex, a leading digital payments solutions and services provider for developing economies in the sub-Saharan African region. Founded in 2008, Global Accelerex delivers innovative and secure technology solutions......
PayPal has a New Pay Later Option, Now Available on Digital River
Business Fintech Investment Services News

Digital River’s Payments, Fraud, Tax & Compliance Management Solution Now Available on SAP App Center

FTS News Desk
Digital River, an experienced global ecommerce enabler for established and fast-growing brands, today announced that its Payments, Fraud, Tax & Compliance Management solution is now available on SAP App Center, the digital marketplace for SAP partner offerings. Digital River’s solution integrates with SAP Commerce Cloud, offering B2C and B2B brands......
Experian’s Future of Fraud Forecast Reveals Threats Facing Businesses in 2021 and Beyond
Business News Risk Management

Experian’s Future of Fraud Forecast Reveals Threats Facing Businesses in 2021 and Beyond

FTS News Desk
The five fraud predictions include emerging digital dangers and automated attacks expected in the new year With the growing threat of fraud fueled by the digital acceleration that took place in 2020, Experian today released its 2021 Future of Fraud Forecast that reveals five emerging fraud threats facing businesses. Read......
Today, our unique fraud detection solutions are considered by many industry experts to be the best in the world. Alongside stopping fraud,
Business Fintech Guest Posts Risk Management

Covid-19 Spending Habits – Has The Pandemic Caused An Increase In Acquirer Fraud?

Justyna Bialobrzeska
As the Covid-19 virus started to spread around the globe and a sharp economic downturn became apparent in many sectors, acquirers, and the financial institutions who maintain merchant accounts in order to accept card payments, faced a decline in the number of transactions being processed through their systems, and therefore......
Banks and Retailers Urged to Update Fraud Prevention Tools to Protect Consumers and Stop Surging Identity Theft and Fraud
Fintech News Risk Management

Banks and Retailers Urged to Update Fraud Prevention Tools to Protect Consumers and Stop Surging Identity Theft and Fraud

FTS News Desk
With the holiday shopping season in high gear and COVID-19 cases continuing to skyrocket, identity theft and fraud is occurring at a record pace. According to the FBI, reported cybercrimes alone have risen 300% since the beginning of the pandemic. Fraudsters are using the abundance of stolen personal identifiable information......