Find here all the latest articles, news, and research on Transaction Fraud and other Transaction Fraud-related topics:
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In a world of ever-evolving fraud, Alexander Hall, owner of Dispute Defense Consulting, talks about the main steps to take to identify bad actors at any point across a company's CX Journey. By leveraging in-house strategies, supported by expansive data sets and automation, every company can mitigate fraud losses.
chargebacks, fraud detection, fraud prevention, online fraud, identity theft, identity fraud, marketplace, account takeover, transaction fraud, spam and abuse, biometrics, biometric authentication, behavioural biometrics, friendly fraud, first-party misuse, carding, gift card fraud, phishing, customer experience
UK-based regulatory body Payment Systems Regulator (PSR) has recently published its latest consultation on guidance to help PSPs provide correct data when reporting their Authorised Push Payment (APP) scams.
regulation, regulatory sandbox, APP fraud, fraud management, fraud detection, online fraud, payment fraud, transaction fraud, scam, PSP, report
UK-based fraud prevention company Featurespace has been granted two patents for its technology to help the payments industry in the global fight against financial crime and fraud.
product upgrade, financial crime, fraud prevention, artificial intelligence, machine learning, financial services, behavioural biometrics, data analytics, risk management, real-time payments, transaction fraud
Nigeria-based fintech Flutterwave has reportedly been cleared of money laundering allegations which were levelled against it by the Assets Recovery Agency (ARA) in Kenya.
fraud detection, online fraud, money laundering, PSP, transaction fraud, payment fraud, regulation, payments , cybercrime, asset recovery, fintech, money transfer, banking
Fintech Divilo has partnered AI-based transaction monitoring solution provider ThetaRay for money laundering, sanctions violations, and other financial crimes protection.
partnership, payments , fraud management, fraud detection, online fraud, AML, transaction monitoring, transaction fraud, artificial intelligence, identity verification
Estonia-based identity verification provider Veriff has released a report revealing a continued increase in global fraud, with prevalent growth in recurring fraud.
report, research, online fraud, identity fraud, transaction fraud, identity verification
As peak season approaches under a cloud of economic uncertainty, merchants will look to maximise good orders while minimising fraud. Cybersource directors, Mari-Anne Bayliss and Mark Strachan, share their top fraud attacks to watch out for, and how to balance a frictionless flow for genuine customers against keeping fraudsters at bay.
fraud management, fraud detection, online fraud, fraud prevention, account takeover, payment fraud, transaction fraud, first-party misuse, CNP fraud, credit card fraud
Research has shown that in order to gain customer confidence, trust and repeat business, businesses must deliver on the promise of a secure online payment experience. In today’s challenging economic climate, not only is securing commerce critical to continued growth but it’s also essential to maintaining competitor advantage and ensuring business stability.
ecommerce, transaction fraud, fraud prevention, online payments
The UK Payment Systems Regulator (PSR) has proposed that all banks must reimburse within 48 hours customers tricked into sending money in a type of online scam.
regulation, regulatory sandbox, online payments, money transfer, bank transfer, transaction monitoring, transaction fraud, fraud detection, online fraud, fraud prevention, banks, bank account
Global digital asset platform Amber Group has announced it achieved Level 1 Payment Card Industry Data Security Standard (PCI-DSS) certification after an audit conducted by an independent, privately-owned company.
cybercrime, cybersecurity, data protection, PCI DSS, PCI compliance, compliance, digital assets, transactions , transaction fraud
UK-based financial technology company FIS has announced the launch of its Guaranteed Payment Solution becoming the only payments processor to provide a fully integrated solution to guarantee increased ecommerce transaction approval rates.
chargebacks, ecommerce, ecommerce platform, transaction fraud, transactions , transaction monitoring, online fraud, fraud management, fraud detection
Developer of AI-driven AML software company Lucinity has partnered with fraud management firm SEON to include real-time fraud prevention capabilities in its AML compliance software.
partnership, AML, fraud management, fraud detection, online fraud, identity fraud, credit card fraud, artificial intelligence, transaction fraud
UK-based retail and commercial Lloyds Bank has issued a warning to its consumers as the number of advance fee loan scams have increased in Q1 2022.
scam, online banking, banks, fraud detection, online fraud, fraud prevention, transaction fraud, online security
Germany-based Allianz has agreed to pay more than USD 6 billion and its US asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic.
fraud management, banks, regulation, fraud prevention, transaction fraud
Canada-based cloud payment platform letus has teamed with identity services company Trust Stamp to provide transaction security for renters and landlords.
fraud prevention, transaction fraud, digital identity, identity verification, biometrics
Ran Wasserman, formerly CTO of SecuredTouch and today a Principal Architect at Ping Identity, details the fraud challenges that the peak season could bring, and how to proactively stay ahead of fraudsters, especially in this period
fraud management, fraud detection, online fraud, merchant, ecommerce, identity fraud, payment fraud, transaction fraud, ecommerce platform
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
What does the next generation of transaction monitoring has to offer? Will the false positives still be an issue in the future? Colin Whitmore, senior analyst for Aite Group answers these and many other questions
transaction monitoring, transaction fraud, AML, artificial intelligence, data analytics
Australian report shows that fraudsters still prefer bank transfer over cryptocurrency fraud.
fraud prevention, cryptocurrency, cybersecurity, transaction fraud
ACI Worldwide, study, transaction fraud, UPI, e-wallet