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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. The Face of Fraud.

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Retail POS Market to Reach $45B in The Next Seven Years

PYMNTS

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

Beyond the pleasure of leading a FICO Falcon Fraud Manager User Forum and moderating a couple of panel breakout sessions, I I was also able to catch up with many of the fraud-focused attendees from around the world. Scams: A Top Fraud Concern Scams are becoming a leading fraud concern, all around the world.

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Is AI The Ultimate Fraud Fighting Machine?

PYMNTS

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. Additionally, today’s marketplace is increasingly technology-dependent.

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Today In Data: Firing Up Faster Payments While Fighting Faster Fraud

PYMNTS

Faster payments pack a lot of potential – technologically speaking and in terms of usefulness. But with the power of faster payments comes the potential for faster fraud. billion: The estimated global value of the blockchain market by 2024. 21 million: The number of same-day ACH transactions processed in Q2 2018.

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Today In Payments Around The World: Razer Fintech, Visa Unveil Prepaid Card; SafetyPay Collaborates With LATAM’s Rappi

PYMNTS

Plus, the Abu Dhabi Investment Authority (ADIA) is investing roughly $750 million in Reliance Retail Ventures Ltd. In addition, the Razer Card will showcase contactless payment technology that enables cardholders to tap to pay. percent share of Reliance Retail. through March 2024.

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BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

In this post, I’ll provide a quick overview of how BNPL works, and share my thoughts on how BNPL fraud can occur and where the financial liability lays. . of North American e-commerce payments by 2024, up from 1.6% BNPL providers lay out the money for consumer purchases so that retailers are paid in full upfront. A BNPL Primer.

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