digital fraud

Digital Wallets Need to Remove Frictions to Increase Usage for Bill Pay
Digital Wallets Need to Remove Frictions to Increase Usage for Bill Pay
March 28, 2024  |  Money Mobility

Digital bill payment has become routine for most consumers, offering them extensive firsthand experience with the frustrations and challenges with these payments. Fraud, friction, limited...

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FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
December 06, 2023  |  Fraud Prevention

PYMNTS Intelligence recently found that more than 40% of financial institutions (FIs) see increasing fraud and financial crime. This advancing wave likely poses a significant...

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Credit Unions Counter the Growing Risk of AI Fraud
Credit Unions Counter the Growing Risk of AI Fraud
September 06, 2023  |  Digital Banking

Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to...

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Companies and Regulators Scramble to Counter the Threat of AI Deception
Companies and Regulators Scramble to Counter the Threat of AI Deception
August 25, 2023  |  Artificial Intelligence

How do we decide whether a human, artificial intelligence (AI) or a combination of the two created a piece of text? Some studies find that...

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PYMNTS Intelligence: Why FinTechs Are Leaning Into AI to Fight Changing Fraud Threats
PYMNTS Intelligence: Why FinTechs Are Leaning Into AI to Fight Changing Fraud Threats
July 13, 2023  |  Fraud Prevention

As financial fraud evolves in the digital age, the picture that emerges is a complex one. On one hand, fraud in 2022 was at its...

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Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud Budgets
Threat of Deepfakes Drives Two-Thirds of FinTechs to Boost Fraud Budgets
July 12, 2023  |  Fraud Prevention

For every new fraud scheme that pops up, dozens of FinTechs are responding to quash it. Yet despite their expertise in cutting-edge technology, FinTechs are...

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PYMNTS Intelligence: The Best Anti-Fraud Solutions for Banks and Their Customers
PYMNTS Intelligence: The Best Anti-Fraud Solutions for Banks and Their Customers
June 01, 2023  |  Fraud Prevention

Fraud’s cost goes far beyond the actual amount stolen, with a recent study finding that every dollar lost to fraud costs FIs about $4.36 in...

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Banks Aim AI at Fraud Management but Need Help
Banks Aim AI at Fraud Management but Need Help
May 30, 2023  |  Fraud Prevention

A substantial number of Americans can expect to experience digital fraud at least once in their lifetime. A recent study found that bad actors have...

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Prepaid Debit Cards and Apps Help Seniors Avoid Falling Prey to Hackers and Scams
Prepaid Debit Cards and Apps Help Seniors Avoid Falling Prey to Hackers and Scams
March 29, 2023  |  Healthcare

The risk of mismanaging funds is high among people living with dementia. And according to Jayne Sibley, co-founder at U.K. FinTech startup Sibstar, this is...

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