Articles with tag: payment fraud

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The SMART2 forum releases publications on the detection and prevention of payment fraud

News | Payments General | 25 Nov 2020

The SCT Inst Migration Action Round Table (SMART2), has released two new publications on the detection and prevention of payment fraud.

SMART2, EBA, Euro Banking Association, payment fraud, fraud prevention, gift cards, SCT Inst Scheme, PSPs, closed-loop cards

JP Morgan improves payment fraud protection for SME clients

News | Digital Identity, Security & Online Fraud | 30 Sep 2020

US-based lender JP Morgan has boosted payment fraud protections for its small and mid-sized business customers, according to Reuters.

JP Morgan, payment fraud protection, SMEs, fraud, SMBs, scammers, covid-19, pandemic, payment fraud, suspicious payments, bank, fraud hub, legitimate-looking emails, email fraud, FBI, fraudsters

Modulr launches Confirmation of Payee to help fight fraud

News | Digital Identity, Security & Online Fraud | 02 Sep 2020

UK-based fintech Modulr has launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK.

Modulr, fintech, fraud prevention, Confirmation of Payee, APP fraud, authorised push payment fraud, RBS Alternative Remedies, United Kingdom, UK,

AU10TIX's platform INSTINCT sees increase in synthetic fraud detection

News | Digital Identity, Security & Online Fraud | 01 Sep 2020

AU10TIX’s latest platform launched in June, INSTINCT, has reported a double increase in synthetic fraud detection.

AU10TIX, INSTINCT, synthetic fraud, fraud detection, payment fraud, cybercrime

NatWest to implement new behavioural biometrics technology

News | Digital Identity, Security & Online Fraud | 16 Jun 2020

UK-based bank NatWest has announced plans of developing behavioural biometrics to replace banking passwords. 

NatWest, Visa, UK, behavioural biometrics technology, banking passwords, transaction security, secure payments, online payments, buyer identity, PSD2, SCA, payment fraud, VCAS

Breach Clarity reveals data breaches with great risk of COVID-19 scams

News | Digital Identity, Security & Online Fraud | 02 Jun 2020

Amid predictions that the pandemic will generate a wave of financial and identity crime, Breach Clarity has released an analysis of recent data breaches, which identifies risks for COVID-19 scams. 

data breaches, risk, COVID-19, scams, financial crime, identity crime, Breach Clarity, risk rating, credentials, security, personal data, credit card, debit card, phishing, cybercriminals, payment fraud

Sift reveals ecommerce fraud tracker

News | Digital Identity, Security & Online Fraud | 27 Apr 2020

Sift has announced the release of its COVID-19 and E-Commerce Fraud Tracker, a weekly updating digest of changes in ecommerce and fraud amid the coronavirus pandemic. 

Sift, launch, COVID-19, coronavirus, ecommerce, fraud, trust, safety, cybercriminals, pandemic, shopping behaviour, payment fraud, losses, groceries online, physical ecommerce

GlobeX Data to protect against coronavirus-related BEC scams

News | Digital Identity, Security & Online Fraud | 24 Apr 2020

Switzerland-based cybersecurity service provider GlobeX Data has announced that it is planning to launch a new service against BEC (Business Email Compromise) attacks. 

GlobeX Data, coronavirus, BEC, business email compromise, cybersecurity service provider, COVID-19, Switzerland, WFH, home internet security, cyberattacks, Association for Financial Professionals, payment fraud

ACI Worldwide reveals ML capability for payment fraud reduction

News | Digital Identity, Security & Online Fraud | 10 Mar 2020

ACI Worldwide has announced the launch of its new ‘Incremental Learning’ technology – an industry-first approach to machine learning.

ACI Worldwide, launch, machine learning, payment fraud, banks, merchants, electronic payment, banking, ML, financial institutions, risk management, ecommerce, fraud prevention

KPMG, nsKnox team up for anti-fraud cyber solution

News | Digital Identity, Security & Online Fraud | 22 Nov 2019

nsKnox has announced an international strategic partnership with KPMG, for which KPMG Israel will be the global distributor and service provider of the joint offering, KPMG Secure Payments.

KPMG, nsKnox, partnership, payment fraud, anti-fraud, cybersecurity, security, payments, fraud, cyber attacks, data protection, risks, verification

UK's National Cyber Security Centre fights payment card fraud

News | Digital Identity, Security & Online Fraud | 24 Oct 2019

The National Cyber Security Centre (NCSC), Britain's cyber-defence centre has prevented more than one million cases of suspected payment card fraud in 2018, its annual review reveals.

payment fraud, online security, cards, UK, cyber security, cyber attacks, National Cyber Security Centre

Complaints over banking fraud surged by over 40 percent in UK

News | Digital Identity, Security & Online Fraud | 17 May 2019

Official figures have showed UK consumers` complaints over banking fraud have surged by over 40% to hit an all-time high in the 2018-19, driven by online scams.

banking fraud, authorized push payment fraud, APP fraud, study, report

82 percent of organizations reported payment fraud incidents in 2018

News | Digital Identity, Security & Online Fraud | 11 Apr 2019

An AFP research has revealed that a record 82% of organizations reported payment fraud incidents in 2018.

JP Morgan, survey, report, AFP, payment fraud, Business Email Compromise

Irish Economic Crime Bureau to fight money laundering involving money mules

News | Digital Identity, Security & Online Fraud | 10 Apr 2019

The Garda National Economic Crime Bureau (GARDAI) has been investigating a EUR 2 million money laundering fraud involving 200 “money mules”.

money laundering, money mules, fighting fraud, payment fraud, Garda National Economic Crime Bureau, GARDAI

Payment terminal related fraud attacks drops in Europe

News | Digital Identity, Security & Online Fraud | 10 Apr 2019

The European Association for Secure Transactions (EAST) announced that payment terminal related fraud attacks fell 36% when compared with 2017.

European Association for Secure Transactions, EAST, report, fraud prevention, ATM, ATM physical attacks, fraud attacks, card skimming, payment fraud, ATM malware,

Danske Bank introduces anti-fraud and cyber-crime unit

News | Digital Identity, Security & Online Fraud | 10 Apr 2019

Danske Bank has created a new specialist fraud and cyber-crime team, aiming to help customers combat the rising threat from fraudsters and criminal gangs.

Danske Bank, fraud, cyber crime, threats, fraudsters, criminal gangs, criminal activities, card, ATM, cheque, and payment fraud, risks, scams

Fraud prevention, friction and the rise of Digital Trust & Safety

Voice of the Industry | Expert Opinion | 14 Feb 2019

Kevin Lee from Sift shares with online businesses ways to balance a comprehensive approach to managing risk while enabling revenue growth

Kevin Lee, Sift, digital trust, fraud prevention, account takeover, payment fraud, machine learning, chargeback, spam, scams, online security

FISCAL Technologies launches Purchase-to-Pay risk management platform

News | Digital Identity, Security & Online Fraud | 16 Jan 2019

FISCAL Technologies has announced the launch of NXG Forensics, a Purchase-to-Pay (P2P) risk management platform.

FISCAL Technologies, Purchase-to-Pay, risk management, payment fraud, fraud detection

Retailers are set to lose USD 130 bln in CNP fraud

News | Digital Identity, Security & Online Fraud | 03 Jan 2019

A new study from Juniper Research has found that retailers are set to lose around USD 130 billion in digital CNP fraud between 2018 and 2023.

retail, Juniper Research, CNP fraud, fraud prevention, payment fraud, report

Online payment fraud losses to reach USD 48 bln by 2023

News | Digital Identity, Security & Online Fraud | 21 Nov 2018

Annual online payment fraud losses from ecommerce, airline ticketing, money transfer and banking services, will reach USD 48 billion by 2023, according to Juniper Research.

Juniper Research, study, data breaches, identity theft, online payment fraud, airline ticketing, money transfer, synthetic id, banking services