Traditional rules-based systems for detecting payments fraud are increasingly inadequate due to the complex schemes devised by fraudsters. This leads to high false positives and...
Payments firm Orum has debuted a tool to help clients prevent failed payments. No Code Verify, announced Thursday (May 2), lets businesses and institutions determine if a...
Private equity company Permira has acquired a majority stake in Israeli fraud/financial crime prevention provider BioCatch. The agreement, announced Thursday (May 2), values BioCatch at $1.3...
Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers. The company...
Cognizant and FICO plan to launch a cloud-based real-time payments fraud prevention solution designed for North American banks and other payment service providers. The joint offering would...
Disbursements are a critical part of the modern economy, with more than 170 million consumers in the United States receiving at least one within the...
For as long as hard-earned money has existed, criminals have been trying to take it. And as money itself has evolved across an increasingly digital...
Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost...
Payment fraud incidents have been on the rise, increasing 88% since December 2021, PYMNTS Intelligence research reveals. For instance, 11% of consumers who paid for groceries...