credit card fraud

A Third of Consumers Have Been Victimized by Credit Card Fraud
A Third of Consumers Have Been Victimized by Credit Card Fraud
December 05, 2024  |  Security & Fraud

Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of...

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Mastercard Doubles Fraud Detection Rate With Generative AI
Mastercard Doubles Fraud Detection Rate With Generative AI
July 24, 2024  |  Security & Fraud

Mastercard has unveiled a new approach to identify compromised payment cards, leveraging a combination of generative artificial intelligence and graph technology. The company reports that...

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Galileo Launches 3D Secure Product to Guard Against Credit Card Fraud
Galileo Launches 3D Secure Product to Guard Against Credit Card Fraud
July 23, 2024  |  Fraud Prevention

Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure...

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Small Businesses Confront Card Fraud Vulnerabilities
Small Businesses Confront Card Fraud Vulnerabilities
May 29, 2024  |  Fraud Prevention

Large enterprises continue to fight all kinds of fraud, from insider threats to payments fraud to social engineering. But small businesses are often overlooked as...

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Payment Networks and Providers Leverage Data, AI in Battle vs First-Party Fraud 
Payment Networks and Providers Leverage Data, AI in Battle vs First-Party Fraud 
March 19, 2024  |  Security & Fraud

First-party fraud is, increasingly, warranting a first line of defense from the payments networks, using data and AI to uncover what’s really going on with...

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SmartMetric Launches Biometric Security Solution for Credit and Debit Cards
SmartMetric Launches Biometric Security Solution for Credit and Debit Cards
June 27, 2023  |  Biometrics

SmartMetric has launched a biometric security solution for credit and debit cards. The solution features biometric fingerprint recognition technology built into the card to recognize the...

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64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
64% of FIs Report Increases in Fraud Attacks on Credit and Debit Cards 
May 25, 2023  |  Security & Fraud

The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This...

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Visa: Card Present Fraud Soars as Consumers Return In-Store
Visa: Card Present Fraud Soars as Consumers Return In-Store
October 07, 2022  |  Security & Fraud

The great reopening is upon us. Life is returning to normal, in many parts of the world. In the process, it’s reopening some lucrative channels...

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PYMNTS Intelligence: How 3D Secure 2.0 Can Help Merchants, Banks and Issuers Put a Stop to Card Fraud
PYMNTS Intelligence: How 3D Secure 2.0 Can Help Merchants, Banks and Issuers Put a Stop...
March 09, 2022  |  Fraud Prevention

Credit card fraud is a pressing issue for consumers, merchants, banks and card providers, costing a total of $32 billion in 2021 alone. This number is...

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