As real-time and account-to-account transactions rise and payments fraud continues to rise with them, Visa is putting artificial intelligence (AI) to work. The company announced Wednesday (March 27) that it will use AI in a trio of new applications within its fraud and risk management...
Business payments company Bottomline has debuted an updated fraud prevention kit. The company announced its enhanced Insider Threat Management solution Thursday (Feb. 22), saying it helps banks and non-banking financial institutions use data visualizations, threat profiles and advanced case management strategies to combat insider fraud....
False declines are a significant yet often overlooked issue that impacts both businesses and consumers. Picture this: You attempt to make a purchase, only to face rejection, not because of insufficient funds or fraudulent activity, but due to a false decline. These instances, where legitimate...
With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example, 11% of consumers who paid for groceries encountered payment fraud, marking an 88% increase since December 2021. This is one...
March 03, 2023
“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster, enterprises large and small will need to confront inefficiencies in accounts receivables and payables processes. Most companies, no matter the business vertical, have issues processing payments — where the challenges […]
December 21, 2022
Analysis of a variety of data sets is central to tackling online fraud without creating customer friction. As the digital economy grows and evolves, fraudsters are presented with a growing...
May 24, 2022
The best way for enterprises to battle frauds, bot attacks, synthetic ID attacks … … is to treat it all like a game. A war game. Raj Seshadri, president of...
February 22, 2024
Business payments company Bottomline has debuted an updated fraud prevention kit. The company announced its enhanced Insider Threat Management solution Thursday (Feb. 22), saying it helps banks and non-banking financial institutions use data visualizations, threat profiles and advanced case management strategies to combat insider fraud. “Whatever the motivations, including bad actors plotting ransomware attacks while […]
September 19, 2023
The hackers who broke into the systems of two casino giants recently also carried out cyberattacks on three other companies. That’s according to David Bradbury, chief security officer of the identity...
June 27, 2023
Fraud prevention firm Sardine has launched an industrywide, independent consortium to curtail payment fraud. The new SardineX will bring together financial institutions and FinTech companies to share data and establish the credentials of senders...
August 02, 2019
Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. Launched in 2018, the project monitors products sent via several steps...
