Fraud protection will likely be an ongoing task for merchants. This week, German-Israeli payment security company Fraugster debuted its answer to the fraud conundrum. The new Fraud Free Product fraud prevention solution aims to thwart future fraudulent attacks through the use of artificial intelligence (AI). Max Laemmle, the German-Israeli company’s...
Machine learning can help find real cyber transaction fraud while letting the “good” payments go through. TSYS’ EVP Karim Ahmad and Featurespace CEO Martina King discussed their partnership geared toward battling the bad guys to reduce online fraud.
The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. According to a press release, Regency Financial Services promised to get customers better terms for their auto loans and car interest...
FICO has announced the launch of FICO Card Compromise Manager, an anti-fraud solution that proactively detects and prioritizes compromised merchants and data breaches or theft involving card data. According to a press release publicizing the news, Card Compromise Manager detects card present, card not present and ATM...
With total fraud losses outside of consumer losses expected to reach $31 billion by 2020, it’s no wonder payments provider TSYS partnered up with adaptive analytics and real-time learning platform provider Fearturespace for a new venture into the fraud prevention and cybersecurity space. Dubbed the...
Behavioral analytics and machine learning can combine to root out fraud that is getting ever faster and harder to detect — even as payments go global and, of course, are ever faster. Guardian Analytics’ CEO, Laurent Pacalin, took PYMNTS’ Karen Webster through the ways subtle...
New research shows that more than one in 10 Brits have cancelled a credit or debit card in the past year due to online fraud. Finextra reports that the number of people canceling cards has risen from 4.5 million to 5.5 million since the research was last...
Merchants that accept checks or online payments are being warned about a scam that could cost them time and money. The Federal Trade Commission (FTC) reported that federal officials, consumer advocates and businesses are hearing from people who have responded to ads, websites, phone calls,...
College kids will soon be leaving campus for spring break, and that’s a perfect time for “Family Emergency Scams,” according to a press release. BBB Serving Central Indiana is warning the public about this scam, which happens when a parent or grandparent is called and told...
