Fraud Prevention

White House: Big Tech and AI Companies Pledge Safe Development
White House: Big Tech and AI Companies Pledge Safe Development
July 21, 2023  |  artificial intelligence

The Biden Administration has announced voluntary commitments from seven companies to help move toward safe, secure and transparent development of artificial intelligence (AI) technology. The...

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Hackers Using ‘Supply Chain Attacks’ to Access Multiple Targets
Hackers Using ‘Supply Chain Attacks’ to Access Multiple Targets
July 20, 2023  |  Security & Fraud

Hackers are increasingly employing “supply chain attacks” that give them access to multiple targets. In these hacks, cybercriminals compromise software or service providers to steal...

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ConnexPay Expands by Debuting Payments in British Pounds and Euros
ConnexPay Expands by Debuting Payments in British Pounds and Euros
July 18, 2023  |  Commercial Payments

ConnexPay has launched British pounds and euros currencies to expand the global presence of its all-in-one platform for B2B payments. This launch serves to benefit...

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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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FTC Warns About Scammers Impersonating Agency Staff
FTC Warns About Scammers Impersonating Agency Staff
July 11, 2023  |  Security & Fraud

The Federal Trade Commission (FTC) is warning consumers to be wary of scammers pretending to be staff members. The FTC issued a press release and blog post on Tuesday (July 11)...

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Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
Why Whack-a-Mole Risk Prevention Won’t Work in Today’s Data Economy
July 11, 2023  |  Fraud Prevention

When it comes to digital risk, the best defense is a good offense. That’s because while firms may be feeling whiplash regarding the hyper-rapid advances...

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Checkout.com Introduces AI-Powered Video ID Verification Tool
Checkout.com Introduces AI-Powered Video ID Verification Tool
July 11, 2023  |  Retail

Checkout.com says it is using artificial intelligence to onboard customers in under two minutes. The payments solutions provider on Tuesday (July 11) announced the launch of Identity Verification,...

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Mastercard Uses AI to Spot Real-Time Payments Fraud for UK Banks
Mastercard Uses AI to Spot Real-Time Payments Fraud for UK Banks
July 06, 2023  |  Fraud Prevention

Mastercard has teamed with nine British banks to fight fraud via artificial intelligence (AI). Now live in the U.K., the company’s consumer fraud risk solution uses...

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