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Payment systems operator Pay.UK has announced that its fraud detection and prevention pilot has a 40% increase in detection, potentially saving GBP 112 million yearly.
fraud detection, fraud prevention, PSP, false positive
Iceland-based Landsbankinn has announced its partnership with Norwegian software vendor CBA in order to use its IBAS BGF for the reduction of false positives.
partnership, false positive, false declines, payments , banking, online banking, digital banking, mobile banking, financial services, financial institutions
Netherlands-based banking and financial services company Rabobank has strengthened its partnership with payment verification solution provider SurePay to improve fraud prevention.
partnership, financial crime, fraud prevention, risk management, banking, IBAN, API, cybersecurity, false positive, fintech, payments