Fraud Prevention

Anti-Fraud Innovations Keep Instant Payments on Right Track
Anti-Fraud Innovations Keep Instant Payments on Right Track
October 31, 2024  |  Fraud Prevention

Transactions are built atop a first principle of trust. And the faster transactions happen, the stronger that trust needs to be. As digital payments evolve...

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Corsight Uses Facial Recognition, AI to Combat ‘Sweethearting’
Corsight Uses Facial Recognition, AI to Combat ‘Sweethearting’
October 29, 2024  |  Fraud Prevention

Corsight has launched a solution that uses facial recognition and artificial intelligence (AI) to combat a form of retail theft in which employees give unauthorized...

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J.P. Morgan Payments and ValidiFI Team to Improve Account Validation
J.P. Morgan Payments and ValidiFI Team to Improve Account Validation
October 28, 2024  |  Authentication

J.P. Morgan Payments has teamed up with predictive bank account/payment intelligence company ValidiFI. The collaboration, announced Monday (Oct. 28), is designed to give businesses greater...

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Ingo Payments and Sardine Team to Combat ‘Gone in Five Minutes’ Account Opening Fraud
Ingo Payments and Sardine Team to Combat ‘Gone in Five Minutes’ Account Opening Fraud
October 23, 2024  |  Security & Fraud

Fear can be a powerful motivator, especially where payments fraud is concerned. While financial institutions have a healthy fear of high-profile fraud vectors like business...

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Clarity Is Key: The Link Between Transparent Billing and Chargeback Reduction
Clarity Is Key: The Link Between Transparent Billing and Chargeback Reduction
October 23, 2024  |  Digital Payments

  Unexpected charges are a reality that 30% of consumers experienced in just the last 12 months. These charges could include either outright fraud or...

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Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
Report: How Financial Scams Are Eroding Consumer Confidence and Financial Health
October 23, 2024  |  Fraud Prevention

Financial scams have never been more prevalent, but quality data on the number of victims and scale of their losses remains limited. For consumer-facing financial...

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AI Becomes Uncle Sam’s Super Sleuth
AI Becomes Uncle Sam’s Super Sleuth
October 22, 2024  |  artificial intelligence

The U.S. Treasury Department’s artificial intelligence system may be starting to do what armies of auditors have long struggled to achieve: curb financial crime more...

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FinTechs Looking to Enter the US Market Better Be Sponsor-Bank Ready, Says Thredd’s McCarthy
FinTechs Looking to Enter the US Market Better Be Sponsor-Bank Ready, Says Thredd’s McCarthy
October 22, 2024  |  Markets

When it comes to overall opportunity, the United States isn’t a hard sell. The U.S. market is home to over 13,100 FinTechs, with some estimates...

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Retailers Rethink Policies as Returns Fraud Spikes Everywhere
Retailers Rethink Policies as Returns Fraud Spikes Everywhere
October 17, 2024  |  Retail

Returns fraud is a growing global issue, costing retailers billions annually. Recent estimates suggest that fraudulent returns account for up to 13% of total returns...

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