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PayPal tackles chargeback fraud

Payments Dive

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

Fraud 372
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The true cost of fraud

Abrigo

Measuring the cost of fraud losses. The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? Takeaway 1 Fraud scams made worse by the pandemic continue to be successful, while crypto-scams are emerging. That equates to $35 billion annually.

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One big idea to turn payments fraud from risk to opportunity

Accenture

While unfortunate, the rising tide of fraud is not necessarily surprising. As technology has evolved, so have their tactics.   The dial-up world of the 1990s was a golden age for credit card telephone fraud schemes. Financial criminals have been targeting digital transactions for over three decades.

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Fed touts FedNow’s fraud tools

Payments Dive

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

Fraud 370
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Risk Assessment – Building Trust in Financial Institutions

Consumer losses to fraud rose to $5.8 It's not just any crime; we're talking about money laundering and financial fraud. billion in 2021. Risk assessment is the latest technology that helps companies evaluate risks and ensure proper client onboarding.

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Alivia Analytics scans for healthcare payments fraud

Payments Dive

With new leadership installed since October, including a new CEO and board member, Alivia Analytics is fighting payments fraud in the healthcare sector.

Fraud 418
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Understanding 1st-party fraud: Risks and resolutions

Abrigo

How financial institutions can prevent losses from 1st-party fraud Learn strong approaches to identifying, preventing, and detecting 1st-party fraud that will keep your AML program on top of fraud trends. Takeaway 3 Prevention and detection best practices can curb hard dollar 1st-party fraud losses while protecting clients.

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