Fraud Prevention

Basware Debuts AI-Powered Fraud Prevention Tool
Basware Debuts AI-Powered Fraud Prevention Tool
April 22, 2024  |  Fraud Prevention

Accounts payable (AP) automation company Basware has launched a new fraud/error protection solution. AP Protect, announced Monday (April 22), is an artificial intelligence (AI)-powered tool that helps...

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Senators Press Banks for Better Defenses Against Wire Fraud
Senators Press Banks for Better Defenses Against Wire Fraud
April 19, 2024  |  Security & Fraud

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the...

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Back-to-Basics Data Approach Confronts Increasing Fraud
Back-to-Basics Data Approach Confronts Increasing Fraud
April 19, 2024  |  Opinion

Whenever there’s economic uncertainty, there’s a corresponding upswing in fraud, said Mangopay Vice President of Product and Data Maciej Pitucha, adding businesses can prepare and...

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Next-Gen Fraud Strategies Use Data to Onboard Customers Safely
Next-Gen Fraud Strategies Use Data to Onboard Customers Safely
April 18, 2024  |  Opinion

Business need to fight fraud with data, says Bryan Lewis, CEO of Intellicheck. He breaks it down in the new PYMNTS eBook, “The Implications of Uncertainty.”  ...

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43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
April 17, 2024  |  Security & Fraud

It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters,...

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FinCEN Warns Banks to Watch for Passport Card Fraud
FinCEN Warns Banks to Watch for Passport Card Fraud
April 15, 2024  |  Security & Fraud

Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department...

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FIs Look to Advanced Technologies to Protect Faster Payments
FIs Look to Advanced Technologies to Protect Faster Payments
April 12, 2024  |  Money Mobility

Disbursements are a critical part of the modern economy, with more than 170 million consumers in the United States receiving at least one within the...

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DataVisor and Mitek Team to Stem Rising Tide of Check Fraud
DataVisor and Mitek Team to Stem Rising Tide of Check Fraud
April 09, 2024  |  Fraud Prevention

Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the...

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Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud
April 09, 2024  |  Fraud Prevention

When you read about collaboration in the financial services industry the topic usually centers around banks and FinTechs. But maybe there’s more to that story....

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