Fraud Prevention

Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
Featurespace Unveils AI ‘Large Transaction Model’ to Combat Fraud
October 24, 2023  |  Fraud Prevention

Anti-fraud tech firm Featurespace has introduced TallierLTM, which it describes as the first artificial intelligence (AI) “large transaction model.” The new tool, announced Tuesday (Oct. 24), is the industry’s...

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Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
Socure Launches Tool and Financial Consortium to Fight First-Party Fraud
October 23, 2023  |  Security & Fraud

Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent...

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Mastercard Targets Friendly Fraud With First-Party Trust Program
Mastercard Targets Friendly Fraud With First-Party Trust Program
October 23, 2023  |  Fraud Prevention

Mastercard has launched a program designed to help merchants battle “friendly fraud.” The company’s First-Party Trust program, announced Monday (Oct. 23), employs “enhanced transaction insights,” artificial intelligence (AI),...

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TodayPay Gives Consumers Instant Refunds and Helps Merchants Avoid ‘Rocks in a Box’
TodayPay Gives Consumers Instant Refunds and Helps Merchants Avoid ‘Rocks in a Box’
October 23, 2023  |  Payments Innovation

It’s easier than ever to buy online, offline, to pick up in store or have things delivered. It’s easier than ever to check out, using...

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Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
Digital Wallets Exhibit Highest Increase in Fraud Among All Payment Methods
October 20, 2023  |  Fraud Prevention

Banks in the U.S. report a rapid increase in fraud and fraud losses, highlighting the urgent need for newer and better anti-fraud technologies. The rise...

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Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
Nearly 15% of FIs Cite Complex Regulatory Demands as Top Fraud-Fighting Challenge
October 20, 2023  |  Fraud Prevention

The rise of digital banking and faster digital payment methods has accelerated fraud and financial crime, prompting banks and financial institutions (FIs) to enhance their...

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Amazon, Microsoft and India Authorities Crack Down on Impersonation Scams
Amazon, Microsoft and India Authorities Crack Down on Impersonation Scams
October 20, 2023  |  Security & Fraud

Amazon and Microsoft have joined forces to protect consumers from impersonation scams, marking the first time these industry leaders have collaborated to combat tech support...

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J.P. Morgan Payments Selects Trulioo for Identity Verification Services
J.P. Morgan Payments Selects Trulioo for Identity Verification Services
October 19, 2023  |  Security & Fraud

J.P. Morgan Payments has chosen Trulioo, a leading identity verification platform, to combat fraud and other financial crimes for its clients, according to an announcement...

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Galileo Aims to Combat Fraud With Payment Risk Platform
Galileo Aims to Combat Fraud With Payment Risk Platform
October 19, 2023  |  Security & Fraud

Galileo Financial Technologies has unveiled its Payment Risk Platform to help combat fraud. The tool, announced Thursday (Oct. 19), is a “holistic fraud engine” offering real-time payment...

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