Fraud Prevention

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

Transactions are built atop a first principle of trust. And the faster transactions happen, the stronger that trust needs to be. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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

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 discounts or free items to people they know. Get the Full Story Complete the form to unlock this article and...

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

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 institutions (FIs), understanding the true scale of these scams is critical to protecting their customers. Get the Full Story Complete...

Fraud Prevention
Swift Adds New Tools to AI Fraud Prevention Offerings
October 16, 2024

With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Fraud Prevention
Mastercard Taps AI to Tackle UK APP Fraud Epidemic
September 24, 2024

Mastercard has introduced what it says are new protections against real-time payment scams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Fraud Prevention
FICO and Jersey Telecom Team to Combat APP Fraud 
September 18, 2024

FICO is working with Jersey Telecom (JT) to push back against authorized push payment fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Fraud Prevention
Galileo Deploys Anti-Fraud Tools for Banks and FinTechs
September 10, 2024

Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Fraud Prevention
Cooking the Books: Preventing Insider Fraud With Back-Office Automation
September 09, 2024

2024 was the year cybersecurity evolved from an IT function to an organization-wide risk issue. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Fraud Prevention
New AI System Aims to Detect Financial Fraud Across Corporate Networks
September 06, 2024

Researchers have developed a new artificial intelligence (AI) system to detect accounting fraud within individual companies and across supply chains and industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...