PYMNTS

MARCH 24, 2020

San Francisco-based fraud prevention technology firm Arkose Labs has raised an additional $22 million in Series B funding led by Microsoft’s venture fund, the company announced on Tuesday (March 24). Arkose said the new funding will empower its fight to bankrupt the business of online fraud and abuse. Venture Partners.

San Francisco 101

San Francisco Fraud Resources Online 101

PYMNTS

FEBRUARY 19, 2019

Account takeovers are becoming bigger business for criminals — or, at least, the business of preventing account takeovers in the digital retail and payments realm is becoming an increasing focus of companies and security experts. Fraud Prevention Innovation. Castle, founded in 2015, said it has raised $9.2

Retail 118

Retail Fraud Case Study San Francisco 118

PYMNTS

SEPTEMBER 12, 2020

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. 8) that the Securities and Exchange Commission (SEC) was investigating the company for alleged fraud. “We.

Las Vegas 210

Las Vegas Fraud Software California 210

Abrigo

AUGUST 20, 2021

The activity stretches from crimes we know, such as phishing, internet auction fraud, and advanced fee schemes to human trafficking, illegal trade in natural resources (diamonds, timber, etc.), Would you like others articles like this in your inbox? Takeaway 2 The U.S. TOC also involves cybercrime, specifically, identity theft. .

Training 195

Training Strategy Fraud National 195

PYMNTS

MAY 16, 2019

These mobile controls, however, also offer consumers a powerful tool for dealing with arguably higher stakes: the risk of credit card fraud. Location controls can be used to prevent merchants from charging consumers’ credit cards if their smartphones aren’t close by, and restrict purchases to a particular geographic area or country.

Fraud 193

Fraud Cards Mobile Tools 193

CB Insights

JULY 9, 2021

Unit21 , a fraud prevention platform, has raised $34M in Series B. California-based Unit21 is a no-code fraud detection software with use cases across transaction monitoring, identity verification, case management, operations management, analytics, and reporting. Capital, and South Park Commons. Want the full post?

Fraud 72

Fraud Company California Analytics 72

PYMNTS

MARCH 5, 2019

The incident is one of a series of issues that Revolut has had to deal with recently, and the complaint was filed with the City of London Police Action Fraud center. The Police Action Fraud center, which took the complaint, does not have investigative powers. A Revolut spokesperson said the case did not involve any fraud. “To

Fraud 129

Fraud social media Fintech Payments 129

PYMNTS

AUGUST 5, 2019

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. But federal law still views marijuana as an illegal substance, which prevents most financial institutions, payment card networks and other providers from taking part in those sales.

Company 163

Company Payments Fraud Meeting 163

PYMNTS

MAY 5, 2020

That rising tide of fraud will come in tandem with, and even try to mimic, legitimate activity by consumers grappling with various ways the coronavirus has impacted and will impact daily life. The shift to online commerce in the wake of the coronavirus pandemic is unprecedented. We’re doing more of everything online, especially transacting.

Online 207

Online Fraud Cards Resources 207

PYMNTS

AUGUST 26, 2019

The phenomenon of payments fraud is not a modern one — far from it. But as RL Prasad, SVP of payment system risk at Visa , told Karen Webster in a recent conversation, what is new today is the who and the how of fraud, particularly in a digital world. Seeing the Attack Before it Happens .

Tools 207

Tools Fraud ATM Cards 207

PYMNTS

SEPTEMBER 17, 2019

A series of payment innovations are promising to put an end to some common B2B payment frictions, including online portals, same-day ACH and automated accounts receivables (AR). With total losses from fraud reaching $4.2 Fraud Epidemic. trillion in losses related to fraud activities last year alone.

Cards 130

Cards Payments Fraud Phoenix 130

PYMNTS

FEBRUARY 28, 2019

Socure, the provider of identity verification and fraud prevention services, announced Thursday (Feb. 28) it raised $30 million in Series C funding. In its press release, the company said its aim is to identify the entire human race and eliminate third-party identity fraud.

Fraud 119

Fraud Capital Analytics Digital Banking 119

PYMNTS

APRIL 2, 2019

Late last month, SentiLink , which uses technology to detect and prevent synthetic fraud, raised $14 million in a Series A round earmarked for a number of initiatives. 14 million: Amount in Series A funding SentiLink said it had garnered as of last month. £1b: is projected to soon have a billion-dollar value.

Cards 108

Cards Survey Fraud Security 108

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. For example, Palo Alto-based Simility received $17.5

Fraud 108

Fraud Atlanta Capital Big Data 108

PYMNTS

MAY 24, 2016

It’s no secret that, as fraudsters continue to evolve and increase the sophistication of their tactics, the­ fraud prevention landscape must do the same in order to stay one step ahead. With global fraud attacks on the rise , Forter is looking to transform the need for retailers to manage these rules-based systems that produce scores.

Fraud 138

Fraud Innovation Retail System 138

Payments Source

NOVEMBER 5, 2019

E-commerce and multi-channel fraud prevention software provider Riskified has received $165 million in a Series E funding round led by global growth investor General Atlantic.

Fraud 61

Fraud Software 61

FICO

MAY 10, 2023

Orchestration enables banks to execute processes related to customer experience and fraud prevention. As customer journeys and fraud management processes become more integrated and digitized, the outcomes from their automated decisions can influence other decisions made along the chain.

Fraud 52

Fraud Management Customer Experience Analysis 52

PYMNTS

NOVEMBER 2, 2018

In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. See how nearly $174 million in funding for B2B startups landed in our roundup below.

Fintech 188

Fintech Capital Security Fraud 188

CB Insights

MAY 27, 2021

Forter , a fraud-prevention platform for e-commerce, has raised $300M in a Series F with participation from Tiger Global Management, Bessemer Venture Partners, Sequoia Capital, and Scale Venture Partners, among others. The company has a presence across 230 countries and has protected over 1B shoppers from fraud.

Fraud 44

Fraud New York Capital Online 44

PYMNTS

APRIL 21, 2016

Forter, the fraud prevention company known for its automated, real-time Decision-as-a-Service solution for online merchants, announced today (April 21) that it’s closed a $32 million Series C funding round led by Scale Venture Partners. Fighting fraud is a moving target. to acquire more and more of those U.S.

Fraud 100

Fraud Online Retail Course 100

PYMNTS

JULY 21, 2020

million, but that authorities “successfully prevented hundreds of millions of additional dollars from going out to these criminals.” They are going to have to update how they mitigate and control fraud and risk and update their systems. ” But Townsley-Solis said that’s just one scammer ring. There’s No Time To Waste.

Fraud 160

Fraud System Maryland Michigan 160

PYMNTS

MAY 4, 2017

To help grow its engineering and fraud teams and build out its machine learning Guaranteed Fraud Protection enterprise offering, solutions provider Signifyd today announced its Series C round of $56 million in funding. Our belief in the Signifyd approach runs deep. Our belief in the Signifyd approach runs deep.

Security 100

Security Fraud Capital Retail 100

PYMNTS

JANUARY 30, 2019

It comes on the heels of Stripe raising $245 million in a Series E round of fundraising last fall. Stripe is rapidly scaling internationally, as well as extending our platform into issuing, global fraud prevention and physical stores with Stripe Terminal ,” a Stripe spokesperson said in an emailed statement. “The

San Francisco 205

San Francisco Capital Online Fraud 205

PYMNTS

FEBRUARY 15, 2018

IdentityMind Global announced that it has closed a $10 million Series C round of financing. IdentityMind’s SaaS RegTech platform enables companies to perform identity proofing, risk-based authentication and regulatory identification to detect and prevent identity fraud.

Fraud 102

Fraud Capital America Meeting 102

PYMNTS

JUNE 22, 2017

An artificial neural network is good at pattern recognition, computer vision and speech or text processing, but the system lacks transparency, making it a no-go for financial institutions that are looking to detect fraud. For fraud prevention, an AI with linear pattern recognition is more useful.

Fraud 163

Fraud Data Training System 163

FICO

MARCH 26, 2018

This is the first in a series of articles in which we tackle some of the most topical fraud issues and decisions facing fraud managers today. The logic is simple: The customer may be in the process of renovating a home or planning an overseas holiday, so needs to make a series of large purchases over a number of days.

Strategy 93

Strategy Fraud social media Customer Experience 93

The Paypers

OCTOBER 12, 2021

Australia-based identity and fraud-prevention platform FrankieOne has announced it has secured USD 20 million in Series A round to power its international expansion.

Fraud 36

Fraud Security 36

PYMNTS

AUGUST 9, 2017

9) that it closed a Series B funding round for $13.9 The previous capital raise was in December of last year, which, as a Series A-1 round, helped support product innovation. Digital identity verification company Socure announced news this morning (Aug.

Marketing 105

Marketing Capital Leadership Fraud 105

PYMNTS

OCTOBER 14, 2020

Monitoring fuel purchases through both cost and location is a valuable tool for fleet managers to prevent fraud and protect margins.”. Small- to medium-sized business (SMB) spend management platform Spendesk has landed an $18 million investment in addition to its $38 million Series B round in 2019.

Management 238

Management Cards Innovation Fraud 238

PYMNTS

MARCH 29, 2017

The platform also distinguishes if those particular breaches produced fraud and if the individual’s stolen personal information is available for sale on the dark web. Data and analytics startup XOR Data Exchange announced it will provide a free resource to online retailers to help businesses identify and mitigate the risk of identity theft.

Fraud 100

Fraud Retail Data Online 100

PYMNTS

OCTOBER 4, 2019

Once upon a time in the 1960s, banks were building a series of one-off card-based solutions , much the way today in the ending days of the 2010s we see global digital banking, mobile wallets and alternative underwriting schemes building one-off tech-based solutions for financial services products. Losses related to fraud are valued at $14.7

Fraud 108

Fraud Google Apple Chicago 108

FICO

FEBRUARY 9, 2023

As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. A quarter of all losses to payment fraud is under £100. And what can banks do?

Fraud 52

Fraud social media Examples Regulation 52

FICO

JULY 31, 2018

This is the fifth in my series on five keys to using AI and machine learning in fraud detection. For continual performance improvement, fraud detection professionals should consider adaptive technologies designed to sharpen responses, particularly on marginal decisions. What Do You Need Besides the 5 Keys? Hey, we’re done!

Analytics 88

Analytics Fraud Strategy Tools 88

PYMNTS

OCTOBER 13, 2020

The report relays a series of anecdotes, such as Ponzi schemes and other fraudulent methods , and points out that in 2019, over $4.5 billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

NOVEMBER 13, 2018

The Wall Street Journal reported Monday (Nov 12) that a number of banks, ranging from JPMorgan Chase & Co to Citigroup , are eyeing partnerships with a series of government agencies in a quest to make digital ID verification a bit more streamlined and accurate. Banking done online has its lures, speed and convenience among them.

Fraud 128

Fraud Security United States Analytics 128

PYMNTS

JUNE 18, 2018

So are mobile and fraud alerts. In the latest edition of the “PYMNTS Walk to the Elevator” podcast interview series, the two talked about how financial institutions (FIs) are responding to the digital consumer experience. Data collection is vital. As Rosner told Webster, a “large number of U.S.

Fraud 110

Fraud Cards Mobile ATM 110

CB Insights

SEPTEMBER 20, 2021

Persona , an identity verification startup, has raised $150M in a Series C. San Francisco-based Persona helps businesses verify customer identities in order to help with age verification, fraud prevention, and account recovery. HOW’S THE COMPANY PERFORMING? Want the full post?

San Francisco 54

San Francisco Technology Fraud Capital 54