Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology improves fraud detection and prevents real-time scams by learning the behavior of genuine customers through transactional data, without requiring sensitive information, the company said in a Wednesday (Dec. 11)...
As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital payments have been successful, but a new challenge has emerged in the form of social engineering scams. According to the...
Transactions have moved more digital, changing the fraud landscape. Financial institutions (FIs) have made real progress in holding off fraudsters attempting to exploit the digital shift. Our multiyear analysis finds that fraud related to more routine digital payments has decreased markedly over the last three...
In the world of cybersecurity, there’s no prize for being fashionably late with updates. And in today’s evolving technology and authentication landscape, if organizations aren’t at the tip of the spear with their authentication protocols, they are likely on the receiving end of a fraud...
December 17, 2024
Trust is a balancing act as companies, banks and merchants collaborate to make everyday financial life and commerce a reality. Featurespace Chief Operating Officer Tim Vanderham told PYMNTS in an interview that this balance revolves around one point. “When we think of this interconnected, interwoven circle of trust,” as transactions flow domestically or globally, “the […]
December 10, 2024
As digital transactions play a role in the financial landscape, financial institutions invest heavily in fraud prevention tools. Efforts to combat fraud in routine digital payments have been successful, but...
February 28, 2024
In the world of cybersecurity, there’s no prize for being fashionably late with updates. And in today’s evolving technology and authentication landscape, if organizations aren’t at the tip of the...
August 18, 2022
Customer onboarding is a crucial step in any business relationship. Its most critical task is user authentication, as unprotected onboarding represents an Achilles’ heel to fraud for any company. For...
December 11, 2024
Featurespace was granted a U.S. patent for its adaptive behavioral analytics technology. This artificial intelligence-powered technology improves fraud detection and prevents real-time scams by learning the behavior of genuine customers through transactional data, without requiring sensitive information, the company said in a Wednesday (Dec. 11) press release. Learning that behavior provides “a baseline from which […]
September 27, 2022
Credit bureau TransUnion has debuted a tool designed to prevent what it says is a $100 billion problem: the loss of sales revenue to false positives during fraud detection. Dubbed...
June 20, 2019
Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. In a press release Thursday (June...
