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The U.S. Pandemic Recovery is a Chance to Improve Digital ID
Payments Source
MAY 23, 2021
Risk Authentication Payment fraud
Fraud Related Topics 
Fraud: Prevention tips from Visa
Mobile Payments Today
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
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Trending Sources
Battling fraud amid COVID-19
Mobile Payments Today
MAY 5, 2020
At the same time, consumers and merchants are increasingly exposed to a new level of fraud as bad actors are finding new methods and targets to take advantage of the online shift
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Laundering Rules are Getting Tougher, But Also Easier to Follow
Payments Source
APRIL 5, 2021
Banking Compliance Payment fraud AML
Stopping PPP Fraud
Abrigo
JANUARY 14, 2021
How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round? PPP Fraud Spikes. Fraud Trends.
FBI: Businesses Need AI To Curb Social Engineering, Phishing Fraud
PYMNTS
JULY 7, 2021
Digital fraud has been a steadily growing issue over the past few decades, but it was kicked into overdrive during the past year due to record levels of digital engagement. Developments From The Digital Fraud Space. How Multilayered AI And MFA Solutions Can Help Curb Digital Fraud.
Fraud Prevention Platform Riskified Files For IPO
PYMNTS
JULY 1, 2021
Fraud management platform Riskified has filed for an initial public offering (IPO), according to a press release. And 48 percent of them said they are more concerned with eCommerce fraud now than they were prior to the pandemic. IPO fraud IPOs News Riskified What's Hot
How To Stop Online Fraud: Crush The Fraudsters’ ROI
PYMNTS
JULY 7, 2021
It’s not just about adding more fraud tools, Lackey said, but also about evolving alongside — and hopefully ahead of — the fraudsters in constructing risk models and developing a fraud prevention approach that can handle a rapidly shifting fraud market with many new moving pieces.
Rampant Check Fraud Problem Puts The Challenge In Challenger Banks
PYMNTS
JULY 26, 2021
And mobile deposit capture has become a magnet for fraudsters — even more so recently with unemployment and stimulus check fraud. Check fraud, Edwards was quick to point out, isn’t just a challenger bank problem. What is a bank ?
The B2B Fraud Lens Focuses In On Invoice Scams
PYMNTS
JULY 26, 2021
Business email compromises (BEC) are among the most common methods of B2B payments fraud and can frequently involve invoice manipulation when a cyber attacker or nefarious actor alters bank information on an invoice to redirect B2B payments into the wrong account.
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Sift to acquire Chargeback to stifle e-commerce fraud
Payments Source
MAY 25, 2021
Fraud detection M&A
PayPal Introduces New Fraud Protection Tool For Merchants
PYMNTS
APRIL 12, 2021
PayPal is launching a new fraud protection tool to help merchants combat the growing problem of online fraud. Other problems that trip merchants up from stopping online fraud is the lack of advanced tools or not having best practice policies in place.
FTC: Americans Lost Nearly $500M To COVID Fraud
PYMNTS
JULY 14, 2021
The proliferation of fraud and scams involving COVID-19 has dealt heavy fiscal blows to Americans’ wallets, according to data from the Federal Trade Commission (FTC), per Public Tableau. There were 544,092 reports through Thursday (July 8), and the median fraud loss was $366.
Merchants Go On Offense To Reimagine Fraud Prevention
PYMNTS
JUNE 29, 2021
When fraudsters gain access to a legitimate customer’s account, a merchant who conducts their fraud review only at the time of purchase will miss out on being able to stop both the fraud loss and a negative customer experience for that good customer before it can even start,” Allen said.
Mitigating Mobile Fraud with Secure Subscriber Enrollment
Mobile Payments Today
MARCH 16, 2020
To streamline the enrollment process, while reducing the potential for fraud, GIACT released a new white paper, Mitigating Mobile Network Fraud with Secure Subscriber Enrollment , detailing the best practices in secure digital enrollment
New fraud controls increased false declines online
Payments Source
APRIL 12, 2021
Fraud detection Online payments
Too many gaps in banks' fraud-prevention systems
American Banker
AUGUST 2, 2021
Identity theft Fraud
Advanced Fraud Solutions Debuts Tool To Fight Vendor Fraud
PYMNTS
FEBRUARY 23, 2021
Advanced Fraud Solutions (AFS), which works in deposit fraud detection software, has rolled out AFS Positive Pay, which will help financial institutions (FIs) and enterprise customers look at changes in payments information to prevent fraud, according to a press release.
Study: COVID-19 Fraud Reaches $100M
PYMNTS
AUGUST 5, 2020
losses from COVID-19 fraud and ID theft have reached nearly $100 million since the pandemic emerged in March, according to Reuters. Even small states saw huge increases in COVID-related fraud in recent months. SocialCatfish.com, the identity verification nonprofit, reported U.S.
Dynamic PII: The key to fighting payments fraud
Mobile Payments Today
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
Report: 100 Healthcare Execs Speak Out On Using AI To Curb Fraud, Waste And Abuse
PYMNTS
JULY 20, 2021
This is an example of cases that are causing a rise in concern for fraud, waste and abuse (FWA) schemes which are becoming rampant in the healthcare space and costing health insurers nearly 12 percent of their annual revenues, according to recent PYMNTS research.
Location verification can prevent QR code fraud
Mobile Payments Today
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
Identity Fraud in the Digital Age
Mobile Payments Today
JANUARY 11, 2021
The Identity Fraud in the Digital Age report, developed by Javelin Strategy & Research and sponsored by GIACT, details the challenges of preventing new and emerging fraud threats and what businesses should consider in their fraud prevention strategies for the year ahead
Fraud Decisioning Goes Omnichannel
PYMNTS
MAY 29, 2020
“Banking is rapidly becoming more omnichannel, and FIs need to be sure they can safeguard customers across all the products through which they access their financial services,” according to the May 2020 FI Fraud Decisioning Playbook , produced by PYMNTS and sponsored by Simility.
Invoice Fraud Strikes Amazon In $19M Scam
PYMNTS
AUGUST 24, 2020
In a case that highlights how anybody — truly, anybody — can be a victim of invoice fraud, federal officials have reportedly charged two brothers in New York State for an alleged $19 million scam targeting Amazon. Fitzhugh warned, "Invoice fraud is not a victimless crime.
FIs Need Real-Time Tools To Stop Real-Time Payments Fraud
PYMNTS
JULY 21, 2021
Fraud looms, as it always does, when there is money to be moved — and with real-time payments, there are truly only a few milliseconds in which to stop bad actors.
EY Accused Of Missing Alleged Wirecard Fraud
PYMNTS
JUNE 28, 2020
In the ongoing scandal of Wirecard , under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported.
Exposing misconceptions in payments fraud
Mobile Payments Today
FEBRUARY 21, 2019
In Part II of a blog series, Steve Villegas addresses how payments fraud impacts cross-border ecommerce
AI: The Glue That Binds FIs' Fraud Prevention Systems
PYMNTS
FEBRUARY 19, 2021
Digital fraud has been on the upswing as the global health crisis continues, with losses due to pandemic-related scams like fraudulent Paycheck Protection Program (PPP) loans or the impersonation tax officials topping $100 million by August alone. Developments From The World Of Digital Fraud.
AI-Based eCommerce Fraud Solution Signifyd Closes $205 Million Round
PYMNTS
APRIL 15, 2021
eCommerce fraud protection platform Signifyd has raised $205 million in a Series E funding round, the company announced in a press release Thursday (April 15), valuing the platform at $1.34 Investments ecommerce fraud funding News signifyd What's Hot
How Dropbox Fights Fraud
PYMNTS
FEBRUARY 27, 2020
Fraud continues to increase in many areas, despite extensive attempts to bring it to heel. Retail fraud attempts have doubled year over year, for example, while account takeover (ATO) fraud losses recently hit $14.7 Developments From Around The World Of Digital Fraud.
The Fraud That 85 Percent Of Fraud Detection Systems Miss
PYMNTS
DECEMBER 10, 2019
The tools we use to detect, score and prevent fraud — particularly card-not-present fraud in digital transactions — have improved exponentially in the last half-decade. The Rising Threat of Synthetic Identity Fraud.
Fraud Prevention Firm Sift Acquiring Dispute Startup Chargeback
PYMNTS
MAY 25, 2021
Fraud prevention platform Sift is making plans to acquire the Software-as-a-Service (SaaS) dispute startup Chargeback , the companies said in a press release on Tuesday (May 25). Acquiring acquisitions chargeback fraud M&A News Security Sift What's Hot
The FBI On Revamping Fraud Prevention Strategies To Protect Against Digital-First Financial Crime
PYMNTS
JULY 7, 2021
Cybercriminals are leveraging a growing variety of emerging technologies to launder funds or skim data, and banks or other entities tasked with guarding against such schemes have not yet strengthened their fraud responses to match this type of complexity.
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