102 Laundering Rules are Getting Tougher, But Also Easier to Follow
Payments Source
APRIL 5, 2021
Banking Compliance Payment fraud AML
Fraud Related Topics 
New fraud controls increased false declines online
Payments Source
APRIL 12, 2021
Fraud detection Online payments
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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.
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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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
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.
Constantly changing fraud requires a multi-front offensive
Payments Source
APRIL 16, 2021
Banking Risk Fraud Payment processing
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.
Card fraud has gotten more brazen during the pandemic
Payments Source
APRIL 4, 2021
Risk Payment fraud Merchant
AI reveals the analysis that can beat bank payment fraud
Payments Source
APRIL 19, 2021
Banking Risk Fraud Payment processing
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
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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
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
Why 'romance fraud' became big money in 2020
Payments Source
MARCH 11, 2021
Since romance frauds generate more than 10 times the money for scammers per event than other types of fraud, 2020 saw a substantial boost in the use of this tactic. Fraud detection Digital payments
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
The virtual B2B card push also helps combat fraud
Payments Source
APRIL 15, 2021
Fraud Digital payments B-to-B payments NACHA Payment processing
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
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.
UK’s Law Enforcement Expects Uptick In Crypto Fraud
PYMNTS
APRIL 4, 2021
England's national fraud-reporting operation, Action Fraud , reported that cryptocurrency-related scams totaled 5,581 in calendar 2020 — a 57 percent increase over the prior year, according to the Financial Times.
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.
ATMs, Credit Unions: Collaboration Breeds Innovation
ATM Marketplace
MARCH 10, 2021
Branch transformation, customer experience and avoiding fraud concerns not only banks, but credit unions as well.
Consumers, merchants and processors are all on the hook to fight fraud
Payments Source
APRIL 13, 2021
Risk Fraud Coronavirus E-Commerce
Fed Introduces Uniform Definition Of Synthetic Identity Fraud
PYMNTS
APRIL 6, 2021
Following a consensus from a panel of industry fraud experts, the Federal Reserve is introducing a uniform definition of what constitutes synthetic identity fraud (SIF). “A The definition of SIF came from a focus group composed of fraud experts who reached a consensus.
Fighting Fraud with… Fake Fraud?
Bank Innovation
APRIL 20, 2016
Online Operations Security Technology Aite Group fdic fraud hackers JPMorgan Chase phishing Q2The most vulnerable point in a bank’s network today might just be Bill over in marketing — or any employee. Humans are by nature vulnerable to social engineering and may discuss where they work on social media — LinkedIn is a treasure trove for would-be bank hackers. A common attack against a Read More.
Fraud risk could run to billions in PPP loans
Bank Innovation
APRIL 14, 2020
Fraud is a common trend with government relief programs. In fact, fraud estimates for previous stimulus programs indicate that the Small Business […].
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.
Sift Upgrades Digital Trust & Safety Suite For Enhanced Fraud Prevention
PYMNTS
APRIL 20, 2021
Fraud prevention firm Sift has expanded its Digital Trust & Safety Suite to help businesses fight fraud and abuse, the firm announced on Tuesday (April 20). Now, amid the eCommerce boom, the fraud economy has become more robust and sophisticated.
NuData: Passive Biometrics Help Battle SIM Swap Fraud
PYMNTS
APRIL 5, 2021
Not to mention the potential for fraud from messaging apps and the rampant eCommerce fraud that comes with stolen identity in the digital-first economy. It’s that behavior that’s unique about SIM fraud, and analyzing that behavior represents the potential solution of the problem.
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.
Digital fraud focuses on younger consumers
Payments Source
MARCH 25, 2021
The abrupt shutdown of retail a year ago led to a rise of digital shopping — and fraud. Fraud detection Transunion Digital paymentsAnd the most tech-savvy consumers may be the most vulnerable, according to TransUnion data. ]].
Friendly Fraud Becomes Sworn Enemy For Restaurants
PYMNTS
MARCH 10, 2021
As it turns out, those words were not only prescient for the Corleones, but they’re also relevant for the far more modern world of payment fraud. Such is the ever-expanding world of friendly fraud. There are simple, old-school fraud methods, but lately, it gets a lot more complicated.
Brexit Raises The Stakes For B2B Payments Fraud
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.
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.
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
Rare Carat Uses AI To Polish Off Credit Card Fraud
PYMNTS
MARCH 9, 2021
These record eCommerce numbers have unfortunately resulted in record-high levels of digital fraud targeting online marketplaces. Not only did the total number of fraud attempts rise more than 24 percent year over year in 2020, but the total cost of fraud also increased by just over 7 percent.
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