Fraud Prevention

New Debit Rules Pose Security Hoops for Banks — and Enterprises They Serve
New Debit Rules Pose Security Hoops for Banks — and Enterprises They Serve
March 10, 2022  |  Digital-First Banking

“Payments fraud isn’t localized to just one industry or one business — it’s widespread and pervasive. The fraudsters are only getting more creative,” Paramita Bhattacharjee,...

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PYMNTS Intelligence: How 3D Secure 2.0 Can Help Merchants, Banks and Issuers Put a Stop to Card Fraud
PYMNTS Intelligence: How 3D Secure 2.0 Can Help Merchants, Banks and Issuers Put a Stop...
March 09, 2022  |  Fraud Prevention

Credit card fraud is a pressing issue for consumers, merchants, banks and card providers, costing a total of $32 billion in 2021 alone. This number is...

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American Express on How 3D Secure 2.0 Threads the Needle Between Fraud Protection and Customer Convenience
American Express on How 3D Secure 2.0 Threads the Needle Between Fraud Protection and Customer...
March 08, 2022  |  Fraud Prevention

The first iteration of 3D Secure was hailed as a online fraud game-changer, but its effectiveness came at the cost of consumer convenience — and,...

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Amex Sees Checkout Friction and Security Improvements in Overhauled 3DS2
Amex Sees Checkout Friction and Security Improvements in Overhauled 3DS2
March 07, 2022  |  Fraud Prevention

Credit card fraud is a problem that affects banks, merchants, credit card providers and individual consumers all at once, as fraudsters deploy a wide variety...

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16% of Businesses Say Verifying Business ID Is Top Operational Challenge
16% of Businesses Say Verifying Business ID Is Top Operational Challenge
March 03, 2022  |  Authentication

Forty-nine percent of businesses face challenges when it comes to verifying the identities of new customers. That makes it one of their most-cited challenges, second...

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EMEA Daily: Switzerland Breaks Neutrality, Freezes Russia’s Assets; Dutch Antitrust Body Hits Apple with Sixth Fine of $5.7M
EMEA Daily: Switzerland Breaks Neutrality, Freezes Russia’s Assets; Dutch Antitrust Body Hits Apple with Sixth...
February 28, 2022  |  International

In today’s top Europe, Middle East, and Africa news, Switzerland put neutrality on hold and froze all of Russia’s assets due to the invasion of...

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PYMNTS Intelligence: Leveraging Behavioral Analytics to Prevent Synthetic Identity Fraud
PYMNTS Intelligence: Leveraging Behavioral Analytics to Prevent Synthetic Identity Fraud
February 24, 2022  |  Authentication

Identity theft is a well-established and prevalent threat, with 15 million Americans falling victim to it every year. Bad actors deploy a wide variety of tactics...

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71% Of Businesses to Add Transaction Alerts, ID Verification to Anti-Fraud Strategies
71% Of Businesses to Add Transaction Alerts, ID Verification to Anti-Fraud Strategies
February 24, 2022  |  Fraud Prevention

Recent data from PYMNTS shows many companies aren’t accepting new business due to a fear of potential fraud. The reasoning behind their hesitance may be...

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Wave on Using Behavioral Analytics to Unmask Synthetic Identity Fraud
Wave on Using Behavioral Analytics to Unmask Synthetic Identity Fraud
February 23, 2022  |  Authentication

Fraudsters create synthetic identities to impersonate legitimate businesses and can bust out with thousands of dollars in credit before being caught. In this month’s Monetizing...

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