Fraud Prevention

Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
Mastercard Uses AI to Solve ‘Jigsaw’ of Credit Card Fraud
May 22, 2024  |  Fraud Prevention

Mastercard says it is using generative AI to more quickly detect compromised credit cards. “Until now fraudsters may have thought they were operating in obscurity, seeking to...

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Better Together: Embracing Data Consortiums to Prevent Payments Fraud
Better Together: Embracing Data Consortiums to Prevent Payments Fraud
May 21, 2024  |  Fraud Prevention

Teamwork makes the dream work. At least in some cases.  After all, it is hard to imagine leading businesses in today’s hyper-competitive landscape sharing information...

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Shoppers Seek ‘Next-Gen Fraud Strategies’ From eCommerce Merchants
Shoppers Seek ‘Next-Gen Fraud Strategies’ From eCommerce Merchants
May 20, 2024  |  Fraud Prevention

Amid ongoing fraud concerns in eCommerce, advanced, data-driven prevention strategies can be crucial for protecting shoppers and enhancing their retail experiences, driving loyalty. PYMNTS’ Q1 eBook,...

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UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
May 20, 2024  |  Regulation

A British treasury official has reportedly criticized proposed fraud reimbursement measures for banks and FinTechs. The plan would require those companies to repay fraud victims...

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Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit Finance
May 16, 2024  |  AML

The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to...

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Proof and Socure Team to Combat Fraud on Consumer Forms
Proof and Socure Team to Combat Fraud on Consumer Forms
May 16, 2024  |  Fraud Prevention

Online notarization firm Proof has launched a partnership with digital identity verification provider Socure. The collaboration, announced Thursday (May 16), is aimed at preventing fraud in consumer agreements and forms,...

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Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
May 16, 2024  |  Payments Innovation

The best, and most lasting innovations, are those that beget other innovations.  That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently...

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British Payments Sector Protests Fraud Reimbursement Rules
British Payments Sector Protests Fraud Reimbursement Rules
May 15, 2024  |  Security & Fraud

The U.K. payments sector is protesting the government’s plan to have companies reimburse fraud victims. Dozens of members of the Payments Association have written to...

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Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
Prove: Spike in Business Identity Theft Calls for Phone-Based Approach to Authentication
May 15, 2024  |  Fraud Prevention

As the company that laid claim to the concept of “digital identity” more than 10 years ago, Prove Identity takes verification seriously, even when it’s...

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