Fraud Prevention

NymCard Teams With ACI Worldwide to Fight Financial Fraud
NymCard Teams With ACI Worldwide to Fight Financial Fraud
October 19, 2023  |  Fraud Prevention

Middle East/North Africa-focused card issuer NymCard has teamed with ACI Worldwide to combat fraud. The partnership, announced late Wednesday (Oct. 18) sees NymCard enhancing its fraud platform with ACI Fraud Management...

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Entersekt Launches Authentication Solution for Mobile Banking Apps
Entersekt Launches Authentication Solution for Mobile Banking Apps
October 18, 2023  |  Security & Fraud

Entersekt, a leading provider of authentication solutions, announced Wednesday (Oct. 18) the launch of a fully integrated mobile application authentication solution for financial institutions (FIs),...

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Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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Jack Henry Debuts Defense Against Money Laundering
Jack Henry Debuts Defense Against Money Laundering
October 16, 2023  |  AML

FinTech company Jack Henry has introduced a new tool to help banks combat fraud. The firm’s Financial Crimes Defender, announced Monday (Oct. 16), is a cloud-native, real-time fraud...

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RBI Fines Paytm Payments Bank for KYC Violations
RBI Fines Paytm Payments Bank for KYC Violations
October 12, 2023  |  Regulation

India’s central bank, the Reserve Bank of India (RBI), has fined Paytm Payments Bank for non-compliance, including Know Your Customer (KYC) regulations, according to an...

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Combining Old and Newer Technologies Helps Banks Fight Rising Fraud
Combining Old and Newer Technologies Helps Banks Fight Rising Fraud
October 09, 2023  |  Fraud Prevention

Fraud has surged at an unsettling pace in recent years, with young consumers and financially strained individuals being disproportionately targeted by bad actors. This is...

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Amex Adds Biometrics to SafeKey Authentication Tool
Amex Adds Biometrics to SafeKey Authentication Tool
October 05, 2023  |  Biometrics

American Express said it is adding facial and fingerprint recognition to its SafeKey authentication tool. The upgrade, announced Thursday (Oct. 5) is designed to prevent...

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FedNow Service Surpasses 100 Participants Since July Launch
FedNow Service Surpasses 100 Participants Since July Launch
October 03, 2023  |  Faster Payments

More than 100 institutions are now actively participating on the Federal Reserve’s FedNow® Service network, which launched in July. There are now 108 financial institutions sending and...

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FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
September 29, 2023  |  Fraud Prevention

The Federal Trade Commission (FTC) has partnered with consumer protection authorities from four Latin American countries — Chile, Colombia, Mexico and Peru — to combat cross-border fraud....

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