Remove Fraud Remove Innovation Remove Online Remove Payments
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How B2B Payments Fraud Hides Within The Enterprise

PYMNTS

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. ” $4.13

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With Realtime Payments Comes Realtime Fraud — and Banks Need to Prepare

Bank Innovation

EXCLUSIVE—As banks begin to implement faster payment networks, they have to be ready to react to new cases of fraud in higher numbers, Genevieve Gimbert, head of fraud management consulting for financial consultancy PwC told Bank Innovation.

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Machine Learning Supercharges Banks’ Efforts To Fight Debit Fraud

PYMNTS

While fraud affects less than 1 percent of all card purchases, consumers who do lose funds from their bank accounts must go through lengthy and often stressful processes to get their money back. Safeguarding debit card payments is increasingly important, with more consumers shopping online during the pandemic. About The Tracker.

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AI/BOTS: Machine Learning Tips Online Fraud Scales

PYMNTS

Stemming from AI, machine learning is helping technology move at a swifter rate, and as more people bring their shopping needs into the online world, it’s likely that machine learning will play a larger role moving forward. In 2016, online financial fraud hit 15.4

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How Governments Navigate ACH Payments Innovation

PYMNTS

As local- and state-level government entities continue to run, it’s not business as usual for the public sector — particularly in the way these entities make and receive payments. It’s been a boon for ACH payments, said Jeff Thorness, president of Forte Payment Systems , a CSG company.

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Taking AI Beyond Fraud Prevention And Into The Realm Of Smart Payments Routing

PYMNTS

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. At least some of that data, he said, can be gathered at the point of sale interaction.

Fraud 311
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Emerging Innovation And Fraud Trends In Consumer Commerce

PYMNTS

Cybercriminals are finding it best to approach fraud with an omnichannel strategy , which involves hitting every customer service channel for best results. At the same time, however, online platforms are aiming to protect their users as fraud mounts.

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