Fraud Prevention

Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
Citibank Urges Dismissal of Lawsuit Alleging Failure to Prevent Fraud
October 08, 2024  |  Legal

Citibank lawyers urged a judge Tuesday (Oct. 8) to throw out a suit filed in January by New York Attorney General Letitia James that accuses...

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UK’s APP Fraud Reimbursement Rule Goes Into Effect Monday
UK’s APP Fraud Reimbursement Rule Goes Into Effect Monday
October 06, 2024  |  Security & Fraud

This week marks a major change in how U.K. banks and payment firms address fraud. Beginning Monday (Oct. 7), these organizations will be required to...

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35% of Cardholders Abandon Merchant After a Card Decline
35% of Cardholders Abandon Merchant After a Card Decline
October 04, 2024  |  Credit Cards

Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network...

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UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
UK’s Revolut Accuses Meta of ‘Woefully Short’ Effort in Battling Fraud
October 03, 2024  |  Security & Fraud

U.K. FinTech Revolut has reportedly criticized Meta’s approach to combating financial fraud. As CNBC reported Thursday (Oct. 3), Revolut argues that the Facebook owner should be the one to provide compensation...

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Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
October 01, 2024  |  B2B Payments

Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction,...

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Visa’s Tink Debuts Merchant Information for Greater Transaction Visibility
Visa’s Tink Debuts Merchant Information for Greater Transaction Visibility
October 01, 2024  |  VISA

Visa-owned open banking platform Tink wants to give consumers a better view of transactions. The company on Tuesday (Oct. 1) launched “Merchant Information,” a solution...

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3 Reasons B2B Payments Data Is So Valuable
3 Reasons B2B Payments Data Is So Valuable
September 30, 2024  |  B2B Payments

In a digital-first B2B landscape, data is more than just numbers — it’s a secret weapon. And the secret is out: for businesses looking to...

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Making Sense of How Point-to-Point Encryption Protects Payment Data
Making Sense of How Point-to-Point Encryption Protects Payment Data
September 27, 2024  |  Cybersecurity

The payments landscape has transformed more in the past five years than the prior 50. And driving that change is a host of emerging behavioral...

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Visa Buys Featurespace to Add AI-Based Real-Time Fraud Defense
Visa Buys Featurespace to Add AI-Based Real-Time Fraud Defense
September 26, 2024  |  Acquisitions

Visa says it is acquiring payments protection technology firm Featurespace to boost its anti-fraud capabilities. “Since its inception out of Cambridge University’s engineering department, Featurespace has developed innovative...

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