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Real-Time Networks Getting Really Serious About Fraud In 2021

PYMNTS

These struggles are leading many to examine cutting-edge tools that can help them better protect these transactions from fraud,” according to PYMNTS January 2021 Real-Time Payments Tracker® done in collaboration with The Clearing House. Protecting RTP is critical to its wide acceptance as another arrow in the payments quiver.

Fraud 274
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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

FICO

The innovative pay-as-you-go solution allows Dock’s clients, including banks, fintechs, and retailers, to intercept fraudulent transactions and protect their operations, while also improving the user experience. The fraud prevention solution is based on FICO® Falcon® Fraud Manager and FICO® Customer Communication Services (CCS).

Fraud 52
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Tracing The Rise Of Multi-Issuer Mobile Wallets

PYMNTS

The conversation happened as digital payments and multi-issuer mobile wallets become more popular, not only for that large, fragmented, highly populated region, but also for other areas of the globe — in some cases, as part of broader financial inclusion trends tied to the rise of mobile commerce and digital payments in less developed markets.

Mobile 139
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How PSD2 Is Changing ING Bank’s API Strategy

PYMNTS

Banks are innovating their application programming interface (API) platforms to allow for more third parties, while online merchants are prepping for a potential loss in revenue due to the security frictions that SCA might bring. Fraud isn’t the only thing banks and merchants are concerned over when it comes to SCA’s upcoming deadline.

Strategy 188
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For AML, Three ‘I’s: Innovation, Interoperability … And Identity

PYMNTS

That sentiment was underscored earlier this month when South Korea said it would delist a number of altcoins from an exchange over privacy concerns – namely, the anonymous nature of the transactions are at odds with the goals of the Financial Action Task Force (FATF), which include combating money laundering and fraud.

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eKYC – Why Malaysian Banks Must Act Now!

FICO

While there is still some way to go for banks in SE Asia when it comes to utilizing real-time digital identity capture and verification, they are out in front of some other regions. A leading Southeast Asian Bank worked with FICO to deploy an AI-based, biometrics solution to give them a seamless and secure digital platform.

Survey 72
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Startup Roundup: Toward Payments Peace On Earth

PYMNTS

This time of year has been no different for these seven startups, all of which have launched new products and features, fielded new investor funding, upped the security ante and, in the spirit of the holidays, generally worked toward payments peace on Earth. Weeks and hours whirl away, and there always seems to be something going on.

Payments 112