Fraud Prevention

Fraud Prevention
Plaid Updates Identity Verification to Combat GenAI Fraud
May 13, 2025

Plaid has updated its identity verification (IDV) product to counter the threat posed by fraudsters who use generative artificial intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Fraud Prevention
Google Expands AI Tools to Combat Evolving Scam Tactics
May 08, 2025

Google announced the rollout Thursday (May 8) of a fresh suite of artificial intelligence (AI)-powered safety features across its platforms to protect users from increasingly sophisticated scams. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Fraud Prevention
GenAI Fuels New Wave of Sophisticated Financial Fraud
April 16, 2025

Fraud is getting more sophisticated, thanks to artificial intelligence (AI). 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 completing this...

Fraud Prevention
Acquirers Step Up Battle Against Fraud With GenAI, Biometrics Push
April 14, 2025

For merchants seeking to deliver a seamless omnichannel experience to their consumers, fraud remains a persistent concern. And while they look to acquirers to offer up the payment innovations that help satisfy customers’ desires to transact digitally on their mobile devices, they also want acquirers...

Fraud Prevention
Metal Payment Cards Move From Luxury to Everyday as Fraud Fears Deepen
April 10, 2025

For decades, consumers have been bombarded with security advice designed to keep their financial data safe. 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...

Fraud Prevention
Banks Say Debit Card and Check Fraud Attacks Are Gaining Momentum
April 08, 2025

PYMNTS Intelligence data has detailed the continuing appeal of debit cards as preference for everyday spending, prized for convenience and as a way to spend cash on hand, rather than tapping credit (and adding to monthly debt burdens). Get the Full Story Complete the form...

Fraud Prevention
Hawk Raises $56 Million to Help Banks Counter Financial Crime
April 08, 2025

Fraud and money laundering prevention provider Hawk has raised $56 million in new funding. 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...

Fraud Prevention
Congress Urged to Reform AML Rules, Repeal Corporate Transparency Act Amid Rising Fraud Costs
April 01, 2025

Witnesses from the ranks of business and banking told lawmakers that efforts to fight payment and investment scams must be aided by a “whole government” approach, along with fine-tuning of suspicious activity reporting — in addition to a repeal of the Corporate Transparency Act. Get the...

Fraud Prevention
UK Banks Agree to Improve Data-Sharing in Anti-Fraud Battle
March 31, 2025

British banks, tech companies and telecoms are reportedly pledging to increase their data-sharing on 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,...