Tag : payment fraud

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......
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 Desk0
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 Desk0
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 Desk0
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......
Signifyd Wins ‘Merchant Anti-Fraud Solution of the Year’ at the FStech Payment Awards
Commerce Fintech News

Signifyd Wins ‘Merchant Anti-Fraud Solution of the Year’ at the FStech Payment Awards

Fintech News Desk
by Fintech News Desk0
The panel of industry-expert judges salutes the company’s innovative Commerce Protection Platform Signifyd, the market leader in commerce protection, has been named the Merchant Anti-Fraud Solution of the Year at the prestigious FStech Payment Awards. Signifyd has been named the Merchant Anti-Fraud Solution of the Year at the prestigious FStech Payment......
ACI Worldwide Outperforms Industry Peers in Latest eCommerce Fraud Prevention KPIs
Digital Payments E-commerce News

ACI Worldwide Outperforms Industry Peers in Latest eCommerce Fraud Prevention KPIs

Fintech News Desk
by Fintech News Desk0
ACI Worldwide, a leading global provider of real-time payments and digital payment software solutions, announced that its ACI Secure eCommerce solution has outperformed the latest global eCommerce fraud prevention industry benchmarks published by the Merchant Risk Council (MRC), an international member-based organization promoting eCommerce fraud knowledge. ACI eCommerce has outranked all key......
Top Best Practices to Help Online Retailers Avoid Payment Fraud
Digital Payments Guest Posts Risk Management

Top Best Practices to Help Online Retailers Avoid Payment Fraud

Andre Ferraz
by Andre Ferraz0
As we enter 2021, the changes in consumer buying behavior brought on by the global pandemic are becoming the new norm. With lockdowns continuing into the New Year, and access to stores drastically restricted, online shopping is now, for many consumers, the primary retail channel. New terms such as BOPIS,......
Abnormal Security Data Reveals 200 Percent Monthly Increase in Invoice and Payment Fraud Business Email Compromise Attacks
Big Data Fintech News

Abnormal Security Data Reveals 200 Percent Monthly Increase in Invoice and Payment Fraud Business Email Compromise Attacks

Fintech News Desk
by Fintech News Desk0
Abnormal Security, a leader in protecting large enterprises from Business Email Compromise (BEC) attacks, published research data that shows a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020. This sharp rise continues the trend observed by Abnormal Security throughout the year. According......
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