Articles with tag like: fraud detection

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A pandemic's impact on payment and merchant risks and some best practices to deal with them

Voice of the Industry | Online Payments | 17 Jan 2022

Wave Financial’s VP on Fraud and Risk, Angie Dobbs, talks about the risks and challenges the small business community experienced during the COVID-19 pandemic and the way they were handled by payments facilitators and processors

COVID-19, online fraud, SMEs, fraud detection, fraud prevention, payment processing

Latest fraud trends in ecommerce: promo abuse, refund abuse, account takeover

Interviews | Ecommerce | 13 Jan 2022

Mairtin O’Riada, Chief Intelligence Officer at Ravelin, reveals the latest fraud trends in ecommerce, extensively touching upon promo abuse, refund abuse, and account takeover

fraud management, fraud detection, fraud prevention, friendly fraud, ecommerce, merchant fraud, account takeover

MonetaGo goes live in Japan

News | Online Payments | 11 Jan 2022

Fintech solution provider MonetaGo has launched its operations in Japan led by the company’s Managing Director Japan, Munetoshi Yamada.

expansion, digital payments, fraud management, fraud detection, fraud prevention, online platform, online fraud

Global fraud trends, COVID-19, and the importance of collaboration

Voice of the Industry | Online Payments | 10 Jan 2022

Tracy Kobeda Brown, VP at Merchant Risk Council, talks about a shift in global fraud patterns as a result of the COVID-19 pandemic and emphasises on the importance of worldwide collaboration to optimise fraud mitigation practices

fraud management, fraud detection, online fraud, MRC, fraud prevention

LexisNexis Risk Solutions report: fraud still on the rise

News | Digital Identity, Security & Online Fraud | 07 Jan 2022

US-based LexisNexis has released its True Cost of Fraud Study: Financial Services & Lending 2021 report.

LexisNexis, fraud management, fraud detection, online fraud, identity fraud, report

Biometrics startup Mobai raises EUR 2.8 million in partnership with Vipps BankID and more

News | Digital Identity, Security & Online Fraud | 17 Dec 2021

Norway-based biometric startup Mobai has raised EUR 2.8 million meant to improve protection of personal biometric data in partnership with Vipps BankID, Sparebank1 Østlandet, KU Leuven, and NTNU.

biometrics, data protection, fraud detection, money laundering

Visa to introduce botnet detection requirement in Australia

News | Digital Identity, Security & Online Fraud | 17 Dec 2021

Visa has announced it will require Australian ecommerce payment providers to invest in botnet detection capabilities by October 2022.

Visa, fraud detection, fraud prevention, bot attacks

Bank of Russia tests KYC platform with credit institutions

News | Digital Identity, Security & Online Fraud | 15 Dec 2021

The Central Bank of Russia has announced it started testing Know Your Customer platform together with 40 banks so far. 

regulation, KYC, money laundering, regulatory sandbox, banks, fraud detection, central bank, bank transfer

Fraud detection and prevention market to hit USD 100 bln by 2027

News | Digital Identity, Security & Online Fraud | 15 Dec 2021

A research study by Global Market Insights has shown that fraud detection and prevention (FDP) market is expected to surpass USD 100 billion by 2027.

fraud detection, fraud prevention, report, digital payments, cybersecurity

NatWest receives GBP 264 mln fine

News | Digital Identity, Security & Online Fraud | 14 Dec 2021

NatWest has received a fine of more than GBP 264 million after admitting breaching anti-money laundering regulations, according to the Evening Standard.

fraud detection, AML, FCA

PAYSTRAX partners with Sentinels to enhance AML transaction monitoring

News | Online Payments | 13 Dec 2021

European-based intelligent transaction monitoring platform Sentinel and Lithuanian-based PAYSTRAX have partnered to improve the anti-money laundering (AML) process in Europe. 

PAYSTRAX, AML, money laundering, transaction laundering, transaction monitoring, fraud detection, fraud prevention, transaction fraud, online payments

2021 saw DeFi scammers run away with USD 10 bln in crypto

News | Cryptocurrencies | 19 Nov 2021

More than USD 10 billion worth of user funds has been stolen in cases of fraud and theft on DeFi products, according to a report from UK-based firm Elliptic.

DeFi, fraud detection, report, cryptocurrency, digital assets

ClearSale, Punchmark to protect ecommerce jewellery retailers

News | Digital Identity, Security & Online Fraud | 19 Nov 2021

Brazil-based fraud protection company ClearSale has teamed up with US-based IT solution company Punchmark to support online jewellery retailers increase sales and eliminate fraud.

partnership, fraud prevention, fraud detection, ecommerce, chargebacks, retail

Fraugster partners with IXOPAY for improved secure payments

News | Digital Identity, Security & Online Fraud | 18 Nov 2021

Austrian-based payment orchestration platform IXOPAY has partnered with AI fraud prevention Fraugster to provide merchants with fraud prevention and compliance solutions.

Fraugster, IXOPAY, partnership, fraud management, fraud detection, online fraud

iDenfy announces new product for fraud detection and monitoring

News | Digital Identity, Security & Online Fraud | 18 Nov 2021

Lithuania-based tech startup iDenfy has announced a fraud scoring tool that will be used by financial institutions to provide fraud detection and monitoring services.

iDenfy, fraud prevention, digital identity, fraud detection, risk management, data

Nedap launches its iD Cloud Loss Prevention solution

News | Digital Identity, Security & Online Fraud | 18 Nov 2021

Nedap has launched iD Cloud Loss Prevention, a cloud-based RFID solution that enables retailers to detect, quantify, and prevent losses.

product launch, fraud detection, fraud prevention, SaaS, cloud

Decoding false positives – Is the cure worse than the disease?

Voice of the Industry | Digital Identity, Security & Online Fraud | 19 Nov 2021

Ravi Purohit, Associate Director, Products at Rakuten Inc, is sharing his thoughts about how today’s fraud prevention systems are blocking genuine purchases more than flagging the fraudulent ones

fraud prevention, ecommerce, merchants, online payments, bank account, fraud detection

The Paypers' Fraud Prevention in Ecommerce Report is now available

News | Digital Identity, Security & Online Fraud | 17 Nov 2021

The Paypers has released its The Fraud Prevention in Ecommerce Report 2021/2022, the ultimate source of knowledge that reveals best practices into stopping fraud to convert more orders and increase revenue

fraud prevention, ecommerce, product launch, cybercrime, fraud detection, merchants

SEON teams up with Creditstar

News | Digital Identity, Security & Online Fraud | 10 Nov 2021

SEON has partnered with Creditstar to enable Creditstar to utilise its Intelligence Tool for data enrichment, improving KYC processes, and mitigating financial losses through fraud detection. 

SEON, partnership, fraud detection, data, KYC

SEON unveils fraud prevention app for Shopify

News | Digital Identity, Security & Online Fraud | 03 Nov 2021

Hungary-based fraud prevention company SEON has announced that its fraud detection and prevention app, powered by AI and machine learning, is now available for Shopify’s merchants.

SEON, Shopify, partnership, fraud detection, fraud prevention, digital identity, artificial intelligence, machine learning