Fraud Prevention

Yoti and Lloyds Banking Group Partner on a Reusable Digital Identity
Yoti and Lloyds Banking Group Partner on a Reusable Digital Identity
March 09, 2023  |  Security & Fraud

Lloyds Banking Group is supporting Yoti in developing a reusable digital identity solution. The support includes a £10 million (about $12 million) investment in the United Kingdom-based digital...

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How Corporates Can Help Banks Fight Real-Time Payments Fraud
How Corporates Can Help Banks Fight Real-Time Payments Fraud
March 09, 2023  |  Security & Fraud

As instant payments become the norm, businesses can bolster safeguarding their hard-earned revenue.  While legacy habits such as paper checks persist, small businesses are catching up with...

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Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
Supply Chain Weak Links Pose Incoming Payments Fraud Risks for CFOs
March 06, 2023  |  B2B Payments

Hackers and fraudsters constantly probe their would-be victims for weaknesses. And when it comes to B2B fraud — where the payoff can be in the...

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Persistent Fraud Has Smart Businesses Switching From Playing Defense to Offense
Persistent Fraud Has Smart Businesses Switching From Playing Defense to Offense
March 03, 2023  |  Fraud Prevention

Fraud is unavoidable, and scams affecting today’s businesses only getting smarter and more sophisticated. With modern advances come corresponding vulnerabilities, and in the challenging macroclimate...

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Vesta CFO Says Evolving Consumer Consumption Habits Drive Global Growth
Vesta CFO Says Evolving Consumer Consumption Habits Drive Global Growth
March 01, 2023  |  Security & Fraud

Fraud is a two-way street, eating away at merchant bottom lines while also disrupting the end-user experience. “As people increasingly do business and transact online,...

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PYMNTS Intelligence: Technology Is Needed to Safeguard Faster Payments
PYMNTS Intelligence: Technology Is Needed to Safeguard Faster Payments
March 01, 2023  |  B2B Payments

Robust fraud prevention measures, having always been an important tool for businesses, are now a must. When payments took hours or days to go through, companies had more...

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Invoice Verification Slows Pace of Real-Time Business Payments Fraud
Invoice Verification Slows Pace of Real-Time Business Payments Fraud
February 28, 2023  |  B2B Payments

Business-to-business (B2B) payments are transforming as companies of all sizes swap checks and traditional payment methods for real-time payments, embedded finance solutions and banking-as-a-service (BaaS)...

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Consumers Are More Loyal to Merchants That Protect Payments Credentials
Consumers Are More Loyal to Merchants That Protect Payments Credentials
February 27, 2023  |  Payment Methods

It can be too bothersome for consumers to store and regularly update their payment credentials on myriad sites and apps. Reducing friction in shoppers’ online...

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PYMNTS Intelligence: CUs Can Do More to Address Members’ Fraud Concerns
PYMNTS Intelligence: CUs Can Do More to Address Members’ Fraud Concerns
February 27, 2023  |  Credit Unions

As more consumers turn to digital solutions to handle their financial needs, the risk of fraud is increasing — a dynamic of which digital banking...

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