Fraud Prevention

Government Agencies Suggest Practices to Combat Elder Financial Exploitation

Government Agencies Suggest Practices to Combat Elder Financial Exploitation
Government Agencies Suggest Practices to Combat Elder Financial Exploitation
December 04, 2024  |  Fraud Prevention

Financial institutions play an important role in combating elder financial exploitation and in supporting the victims of these crimes, federal and state agencies said Wednesday...

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Metal Cards Carve Out Place as Consumer Defense Against Fraudsters
Metal Cards Carve Out Place as Consumer Defense Against Fraudsters
December 04, 2024  |  Authentication

There’s still a place for the card — the tangible, physical card — in consumers’ wallets. In fact, Adam Lowe, Ph.D., chief product and innovation officer...

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71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud
December 03, 2024  |  Fraud Prevention

As demand for faster payments grows, so does the risk of fraud. More than 170 million U.S. consumers received at least one disbursement in the...

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Accounts Payable Takes the High Road to AI-Powered Growth Engine
Accounts Payable Takes the High Road to AI-Powered Growth Engine
December 02, 2024  |  Accounts Payable

Accounts payable (AP) may not always grab headlines, but its evolution is critical to business success. Get the Full Story Complete the form to unlock...

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FinCEN Aims to Expand Public-Private Partnerships Combating Fraud
FinCEN Aims to Expand Public-Private Partnerships Combating Fraud
November 25, 2024  |  Fraud Prevention

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) said it aims to expand public-private partnerships by joining The National Task Force on...

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Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
Social Engineering Scams Prove Costly to Consumers and Bank Bottom Lines
November 22, 2024  |  Fraud Prevention

With financial institutions (FIs) fortifying their defenses and evolving their strategies against digital payment fraud, criminals are turning to a new weak spot: the customers...

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Report: Financial Scams Drive 122% Increase in Fraud Losses by US Banks
Report: Financial Scams Drive 122% Increase in Fraud Losses by US Banks
November 22, 2024  |  Fraud Prevention

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...

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Founder Interview: Behavioral Analytics Makes the ROI Case for Banks’ Scam-Fighting Efforts
Founder Interview: Behavioral Analytics Makes the ROI Case for Banks’ Scam-Fighting Efforts
November 20, 2024  |  Fraud Prevention

The fraudsters come in droves, inundating would-be victims across all manner of attack vectors, from phishing scams to bots. And in the process there’s a...

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AI Makes Impact in Supplier Enablement and Predictive Analytics
AI Makes Impact in Supplier Enablement and Predictive Analytics
November 19, 2024  |  Opinion

Embedding AP payment solutions eliminates the friction points that have plagued B2B payments, Finexio Chief Strategy Officer Chris Wyatt writes in a new PYMNTS eBook,...

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