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Kount, FreedomPay Join Forces To Offer Payments Platform, Fraud Prevention Package

PYMNTS

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customerexperiences. Before, they were limited to one or two areas.

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Visa Launches Advanced Identity Score To Help FIs Fight Application Fraud

PYMNTS

It’s the battle against fraud that can be lost right at the beginning. There’s increased urgency on the part of financial institutions (FIs) to spend more time and money on battling fraud at the point of onboarding, especially as card-not-present transactions surge in the lingering wake of the coronavirus. alone topped $10.2

Fraud 193
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Westlake Financial Securely Raises The Speed Limit For Auto Financing Disbursements

PYMNTS

As with any payment method, fraud attacks and human errors can upend customer experiences unless companies have strong security strategies in place. That made it essential for Westlake to ensure that it had all of its security measures in place to block fraudsters. You can’t put a stop payment [like] on a check.

Security 141
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Mobile Order-Ahead With Extra Fraud Fighting, Coming Up

PYMNTS

False positives are the bane of fraud fighters everywhere, as they penalize legitimate customers due to the behavior of bad actors illicitly armed with credentials, card numbers and accounts. Turning away a good order is so damaging,” Rich Stupp y, chief customer experience officer at Kount, told PYMNTS.

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How To Capture The Rising eCommerce Tide And Simultaneously Stem A Tidal Wave Of Fraud

PYMNTS

In the United States alone, he noted, the eCommerce penetration rate rose from about 17 percent to about 27 percent over the course of the eight weeks or so of stay-at-home orders. Where consumers go, fraudsters will always follow, Cohen said – and worldwide, Payoneer has seen a consistent uptick in attempts at fraud of various types.

Fraud 151
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Christmas In September? Holiday Fraud Planning Is In Full Takeover Mode

PYMNTS

They are buying fraud tutorials and data from other criminals online. The 2018 holiday shopping season has already started for people and organizations bent on fraud. It’s not just about stealing products from shelves, of course. Fraud Headstart. The criminals have already started.

Fraud 145
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Payments Fraud in Asia Post Pandemic

FICO

Payments Fraud in Asia Post Pandemic. Why consumers are moving to banks with the best fraud and scam prevention. Senior Consultant, Fraud and Financial Crime. The growth of real-time payments and fraud in Asia. The adoption has of course been turbo-charged by the pandemic. Indians most concerned about APP Fraud.

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