Payments Dive

MAY 25, 2023

Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

Fraud 273

Fraud Payments 273

Payments Dive

JULY 14, 2023

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

Tools 370

Tools Fraud Cleveland System 370

Payments Dive

FEBRUARY 23, 2023

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

Fraud 468

Fraud Tools System Payments 468

Payments Dive

FEBRUARY 9, 2024

With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

Fraud 397

Fraud Regulation Payments 397

Payments Dive

JANUARY 12, 2021

Is your company assessing online fraud with a deterministic approach or a probabilistic approach? Beth Shulkin, VP of Global Marketing at Ekata shares her view on the best way to assess fraud risk in the payments landscape today.

Fraud 386

Fraud Payments Online Marketing 386

Payments Dive

JANUARY 9, 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

Trends 487

Trends Payments Fraud Industry 487

Payments Dive

JUNE 16, 2023

One in five consumers worldwide have been victims of payment fraud in the past four years, according to an ACI report.

Fraud 418

Fraud Report Payments 418

Payments Dive

SEPTEMBER 29, 2022

Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

Fraud 221

Fraud Payments Cards Industry 221

Payments Dive

DECEMBER 15, 2023

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

Fraud 259

Fraud Tools System Payments 259

PYMNTS

AUGUST 3, 2020

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

Fraud 328

Fraud Payments Philadelphia Regional 328

Payments Dive

MARCH 20, 2023

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

Tools 221

Tools Fraud Payments Cards 221

Payments Dive

JUNE 30, 2022

Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal.

Fraud 397

Fraud Payments Company 397

PYMNTS

SEPTEMBER 28, 2020

Morgan Chase is stepping up its payment fraud protection services for small- to medium-sized businesses (SMBs) to help them combat scam and fraud attempts, Reuters reported. The bank is implementing a new self-service "fraud hub," which will let SMBs set alerts for unusually large payments, controlling who can get paid.

Fraud 266

Fraud Payments Tools Report 266

Abrigo

SEPTEMBER 6, 2023

Takeaway 1 Check fraud detection is a critical component of AML programs because it is one type of fraud that continues to trend upward in financial institutions. Takeaway 2 According to the FBI, reported losses from check fraud total $1 8 billion annually.

Fraud 195

Fraud Trends Training System 195

Abrigo

SEPTEMBER 20, 2023

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Takeaway 3 Prevention and detection best practices can curb hard dollar 1st-party fraud losses while protecting clients.

Fraud 195

Fraud Trends Cards Software 195

Payments Dive

AUGUST 2, 2019

While data shows that credit card fraud has decreased from the standpoint of payment volume, there remains a concern in the industry that cybercriminals are using sophisticated methods of changing tactics to avoid detection and put consumer payment information at risk.

Fraud 384

Fraud Payments Cards Industry 384

PYMNTS

APRIL 10, 2020

This brings a longstanding challenge to the fore: Healthcare organizations have long struggled with fraud, waste and abuse (FWA), costing the United States healthcare sector more than $200 billion annually by some estimates. Moreover, the benefit cited by the greatest proportion of healthcare firms (65.6

Fraud 362

Fraud Payments System United States 362

Abrigo

JULY 25, 2023

How offering FedNow instant payments affects fraud & AML/CFT compliance What financial crime staff can do to prepare fraud and AML functions for implementing the FedNow Service for instant payments. Would you like other articles on fraud and AML/CFT compliance in your inbox?

Fraud 195

Fraud Payments Security Resources 195

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. But accounts payable is far from the only back-office financial workflow at risk of fraud.

Fraud 291

Fraud Payments Survey Lending 291

Payments Dive

JANUARY 16, 2024

The card issuer is selling the business, which offers online fraud monitoring services to merchants, to the joint venture investment firm Accel-KKR.

Fraud 259

Fraud Cards Online 259

Abrigo

SEPTEMBER 7, 2023

Court case: Credit union held liable for ACH fraud losses A construction company argued the financial institution "failed to establish a reasonable routine" for monitoring suspicious activity alerts tied to ACH. Takeaway 3 Remember that ACH fraud risk also occurs in the placement stage of a fraudulent or money laundering scheme.

Fraud 221

Fraud Training System Trends 221

Payments Dive

MARCH 21, 2024

Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud. American Bankers Association and the U.S.

Fraud 195

Fraud 195

Perficient

NOVEMBER 30, 2022

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . Real-time payments are going mainstream. . The key difference is real-time payment rails will transact and settle transactions instantly. .

Fraud 275

Fraud Management Payments New York City 275

Payments Dive

OCTOBER 6, 2022

The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits.

Fraud 438

Fraud Cards 438

Payments Dive

NOVEMBER 17, 2020

Mobile Payments Today interviewed André Ferraz, the CEO and co-founder of Incognia, a private identity company that provides fraud prevention by using frictionless identity location verification.

Fraud 448

Fraud Mobile Payments Company 448

Payments Dive

JANUARY 18, 2023

From buy now, pay later to peer-to-peer payment fraud, there’s no shortage of payments targets for lawmakers and regulators.

Washington 476

Washington Payments Fraud Regulation 476

Abrigo

MARCH 30, 2023

P2P fraud can be difficult to detect Knowing how criminals avoid detection can help minimize losses at your financial institution. This article was written by Olivia Boyer, CAMS & Joann Millard, CAMS, of Abrigo Advisory Takeaway 1 P2P payments move from one individual account to another digitally, and they are becoming more commonplace.

Fraud 195

Fraud Trends Payments Cards 195

Abrigo

SEPTEMBER 21, 2023

Internet bank fraud is here to stay; learn how to detect and stop it. Every type of fraud has something unique it leverages to dupe unsuspecting citizens. Learn what is different about internet bank fraud. Takeaway 1 It is important to monitor fraud effectively and consistently.

Fraud 195

Fraud Software Mobile Online 195

American Banker

APRIL 23, 2024

A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.

Fraud 83

Fraud Payments Survey Data 83

Payments Dive

FEBRUARY 21, 2019

In Part II of a blog series, Steve Villegas addresses how payments fraud impacts cross-border ecommerce.

Fraud 322

Fraud Payments 322

Abrigo

OCTOBER 10, 2023

Use the fraud triangle to prevent fraud at your institution The concept of the fraud triangle is frequently used in business, accounting, and criminology. Takeaway 1 The fraud triangle concept describes three factors that, when combined, incentivize a person to commit fraud. The FTC received fraud reports from 2.4

Fraud 195

Fraud How To Training Trends 195

Payments Dive

OCTOBER 26, 2022

The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight.

Fraud 243

Fraud Payments 243

Payments Dive

OCTOBER 27, 2020

Fraud is something that continually affects the financial industry. Mike Lemberger, senior vice president and regional risk officer for Visa, North America, explains ways that Visa is helping disrupt fraud before it costs consumers and businesses.

Fraud 397

Fraud Regional America Industry 397

Payments Dive

DECEMBER 4, 2023

Boosting revenue while minimizing fraud risk is a common goal for e-commerce merchants, particularly during the holiday season when sales surge and fraud incidents tend to rise.

Fraud 195

Fraud Strategy Retail 195

PYMNTS

NOVEMBER 17, 2020

The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. The nature of these payments means that, once they have been made, consumers cannot reverse them. Bad actors typically perpetrate APP fraud in several ways. APP Fraud Ramps Up.

Fraud 223

Fraud Payments Survey Security 223

Abrigo

MARCH 3, 2023

Ten red flags to help you identify check fraud A financial institution's guide to identifying mail-related check fraud. You might also like this webinar, "Proactive measures to protect against check fraud and fraud loss." Losses from check fraud total $18 billion annually, representing more than a million checks daily.

Fraud 195

Fraud United States Trends Software 195

Abrigo

MAY 20, 2022

Fraud on Alert for 2022 A review of SAR data , government agenc y releases, a nd fraud findings found these f raud c oncerns and trends to wat ch in 2022. Takeaway 1 An Abrigo review of SAR data, government agency releases, and fraud findings revealed fraud trends to watch for. Fraud Concerns. Starting Point.

Trends 195

Trends Fraud Training Survey 195