Fraud Prevention

How Wave Financial Leverages Pre- and Post- Submit Analytics to Prevent Fraud
How Wave Financial Leverages Pre- and Post- Submit Analytics to Prevent Fraud
July 01, 2022  |  Authentication

In this month’s "Monetizing Digital Intent Tracker," Angie Dobbs, VP of fraud and risk at Wave Financial, tells PYMNTS how multilayered authentications are proving to...

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Experts Say Single-Layer Fraud Systems Open Invitation for Fraudsters
Experts Say Single-Layer Fraud Systems Open Invitation for Fraudsters
June 30, 2022  |  Authentication

Digital fraud continues to wreak havoc on the economy despite banks’, businesses’ and consumers’ best efforts to stop it. The Federal Trade Commission reported $5.8...

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Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
Credit Suisse Conviction Signals New Money Laundering Liabilities for Banks
June 27, 2022  |  Digital-First Banking

A courtroom verdict in  Switzerland is signaling that banks will be under increasing scrutiny for the acts they take and have taken, to combat fraud —...

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Retailers Brace for Friendly Fraud’s New Seasonal Surges
Retailers Brace for Friendly Fraud’s New Seasonal Surges
June 16, 2022  |  Fraud Prevention

To quote that old song: “To everything there is a season.” And payments, there are seasons for disputes.   In an interview with Karen Webster,...

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UK Wants Crypto Companies, Not Criminals, Digital Minister Says
UK Wants Crypto Companies, Not Criminals, Digital Minister Says
June 15, 2022  |  Cryptocurrency

The U.K.’s digital minister is stressing his government’s wish to make the country a worldwide hub for cryptocurrency activity, even as he expressed caution about...

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Regulatory Rumblings Force Companies to Rethink their Ransomware Policies
Regulatory Rumblings Force Companies to Rethink their Ransomware Policies
June 10, 2022  |  Cryptocurrency

The decision of whether to pay ransomware hackers to release encrypted information got tougher in March when President Joe Biden signed into law that “strongly...

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BOE: UK Banks Need to Show They Can Fail ‘Safely’
BOE: UK Banks Need to Show They Can Fail ‘Safely’
June 10, 2022  |  emea

Three of the U.K.’s biggest lenders need to do more to show they could fail without harming customers and taxpayers, the Bank of England (BOE)...

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Google Expands Verification for Financial Services Ads
Google Expands Verification for Financial Services Ads
June 10, 2022  |  Security & Fraud

In an effort to combat fraud in advertising, Google has expanded its verification program for financial services advertisers to new countries and markets. “This measure...

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PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
PYMNTS Intelligence: The Challenges of Complying With Digital Identity Regulations
June 09, 2022  |  eCommerce

Technologies designed to authenticate identities are being introduced around the world to replace cumbersome procedures involving usernames, passwords and paper-based identification documents. Biometrics, such as...

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