identity verification

New Tech Arms Merchants With Evidence to Stop Friendly Fraud
New Tech Arms Merchants With Evidence to Stop Friendly Fraud
July 01, 2022  |  Security & Fraud

Tal Yeshanov, head of risk and strategic financial operations at Plastiq, said the term “friendly fraud” is a pleasant way of masking over a growing...

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Spike in BNPL Fraud Prompts Cybersecurity ‘Arms Race’
Spike in BNPL Fraud Prompts Cybersecurity ‘Arms Race’
June 24, 2022  |  Security & Fraud

Paper checks, credit cards, bank accounts — all have been favored targets of fraudsters over the years. Enter buy now, pay later (BNPL), the latest...

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How to Catch a Cyberthief
How to Catch a Cyberthief
June 22, 2022  |  Security & Fraud

It’s a scary fact, but anti-fraud experts agree that cybertheft rings are now well-funded multinationals with revenue goals of their own. Even worse, they now...

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Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
June 15, 2022  |  Security & Fraud

First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers...

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OCC Seeks Data on Crypto Assets and Identity Theft 
OCC Seeks Data on Crypto Assets and Identity Theft 
June 14, 2022  |  Regulation

The Office of the Comptroller of the Currency (OCC) published last week, on June 7 and 8, two notices seeking comments about the agency’s plans...

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LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
June 14, 2022  |  Security & Fraud

Banking services provider LHV UK is fighting authorized push payment (APP) fraud with the integration of the Confirmation of Payee (CoP) service, now live for...

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Blockchain in Action: Government Records That Can Lift People Out of Poverty
Blockchain in Action: Government Records That Can Lift People Out of Poverty
June 09, 2022  |  Blockchain

Welcome to the seventh article in PYMNTS’ Blockchain in Action Series. Most people at least know that blockchain is the technology that bitcoin and other...

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PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
June 09, 2022  |  eCommerce

Technologies designed to authenticate identities are being introduced around the world to replace cumbersome procedures involving usernames, passwords and paper-based identification documents. Biometrics, such as...

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AI Helps Businesses Tell Friend from Foe
AI Helps Businesses Tell Friend from Foe
June 08, 2022  |  artificial intelligence

Identity theft and identity fraud are well-known forms of cybercrime in which criminals use consumers’ stolen identities to make fraudulent transactions.  Corporations fall victim to...

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