Fraud Prevention

ACI Worldwide Promotes Fraud Protection Ahead of FedNow Launch
ACI Worldwide Promotes Fraud Protection Ahead of FedNow Launch
April 18, 2023  |  Fraud Prevention

Payments company ACI Worldwide has added its fraud protection service to its Real-Time Payments Cloud. The integration, announced Tuesday (April 18), is aimed at U.S....

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Banks Look to the Cloud to Deliver Real Time Payments Speed and Security
Banks Look to the Cloud to Deliver Real Time Payments Speed and Security
April 14, 2023  |  Real-Time Payments

As real-time payments schemes take root around the world, financial institutions must grapple with new operational and technical challenges. Dave Scola, U.S. CEO for Form3, told...

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Open Banking and Machine Learning Aid the Battle Against False Declines
Open Banking and Machine Learning Aid the Battle Against False Declines
April 12, 2023  |  Digital Banking

Elizabeth Graham, product manager at Entersekt, said false declines carry significant risks for banks and merchants, where consumer loyalty is critical. Merchants and issuers are losing...

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Remote Workforce Threatens Small Business Fraud Defenses
Remote Workforce Threatens Small Business Fraud Defenses
April 06, 2023  |  Security & Fraud

Businesses contemplating the transition to a remote workforce should prepare for possible increased fraud-related headaches. As reported recently by the Wall Street Journal, U.S. workers have voiced a clear preference...

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As Remote Work and Travel Normalize, SMBs Tackle Challenge of Payment Fraud
As Remote Work and Travel Normalize, SMBs Tackle Challenge of Payment Fraud
April 03, 2023  |  Fraud Prevention

Nearly nine in 10 companies say remote work has given bad actors a new way to find and exploit weak fraud and security measures, a...

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Visa Head of Fraud Services on Protecting Consumers From Hacker Scams
Visa Head of Fraud Services on Protecting Consumers From Hacker Scams
March 28, 2023  |  Fraud Prevention

The good news is that today’s payment landscape is becoming faster, easier, and more digital. The bad news is that fraudsters and cybercriminals are increasingly...

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Rise of SVB-Driven Fraud Shows How Fast Criminals Move
Rise of SVB-Driven Fraud Shows How Fast Criminals Move
March 23, 2023  |  Security & Fraud

For criminals, big news creates big opportunities. And businesses beware — the recent collapses of Silicon Valley Bank (SVB) and Signature Bank offers cybercriminals a perfect cocktail of urgency,...

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Some UK Lawmakers Eye Dropping Small Businesses from Crime Bill
Some UK Lawmakers Eye Dropping Small Businesses from Crime Bill
March 13, 2023  |  Security & Fraud

The scope of the United Kingdom’s economic crime bill may be narrower than some hope. Some lawmakers have proposed excluding small businesses from the laws...

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Biometric Payment Cards Make a Comeback in Europe
Biometric Payment Cards Make a Comeback in Europe
March 13, 2023  |  Payment Methods

From tap-to-pay debit and credit cards to mobile smartphone wallets, contactless methods have been driving new waves of innovation in payments post-pandemic, buoyed by growing consumer demand...

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