PULSE, a Discover company, has extended its partnership with FICO to deliver fraud-detection technology to financial institutions. This collaboration permits PULSE’s continued enhancements of its DebitProtect suite of fraud-mitigation solutions, which are powered by FICO’s Falcon Fraud Manager and use learnings from its network of participating...
In today’s fast-evolving and increasingly crowded business ecosystem, choosing the right partner is all-important. But as with all of life’s biggest questions, the answer is not always obvious and tends to vary based on the operating environment. That’s because one thing tends to lead to...
Riskified has integrated its fraud prevention and risk management solutions with commercetools’ eCommerce platform. The integration allows merchants using commercetools to combat payment fraud while ensuring a frictionless customer experience, the companies said in a Tuesday (Aug. 1) press release. “Merchants should never have to choose between stopping fraud...
Security researchers have reportedly discovered malware that steals user data via optical character recognition. This malware, known as CherryBlos and uncovered by security firm Trend Micro, has been embedded into at least four Android apps available outside of Google Play, particularly on sites promoting money-making scams, Ars Technica reported Friday...
As artificial intelligence (AI) makes deepfakes a greater concern to consumers and companies, fresh efforts are afoot to combat these highly convincing but fraudulent images. DocuSign announced in a Tuesday (July 25) press release the launch of its enhanced identity verification offering, Liveness Detection for ID...
Digital bank Grasshopper has partnered with Cable to equip its clients and Banking-as-a-Service (BaaS) platform with automation and technology for financial crime assurance, testing and oversight. The bank will leverage the automated assurance and testing capabilities of Cable, an all-in-one financial crime effectiveness testing platform, the companies said in...
Unannounced visits by IRS revenue officers will be replaced with mailed letters to schedule meetings, except in a few unique circumstances. Increased security concerns and the presence of scam artists posing as IRS agents have contributed to the decision to end unannounced visits, the IRS said in a Monday...
Hackers are increasingly employing “supply chain attacks” that give them access to multiple targets. In these hacks, cybercriminals compromise software or service providers to steal data or money from users downstream, Tom Hegel, senior threat researcher at computer network and security firm SentinelOne, told Reuters in a report published...
Payments FinTech Bottomline has teamed with Pay.UK to help companies prevent fraud. The collaboration, announced Monday (July 17), sees Pay.UK — the recognized standards body for the U.K.’s national retail payment schemes — launching its Payer Name Verification service via Bottomline Payment Services. According to...
