Financial crime prevention firm Featurespace has launched a partnership with fraud detection software maker OrboGraph. The collaboration, announced Tuesday (July 23), is aimed at protecting financial services companies from check fraud. “Check fraud is a growing and concerning area of financial crime — we know...
Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure Access Control Server is available to clients in the United States, Canada and Latin America, Galileo said in a Tuesday...
Stadiums and venues across the globe are filling up this summer. From the upcoming 2024 Summer Olympics in Paris to Taylor Swift’s ongoing and record-breaking Eras tour and beyond, there is, quite simply, a lot to do and see for the world’s consumers. But as...
Identity verification and fraud prevention firm FiVerity is launching its Identity Trust Management platform. The platform integrates features such as enhanced know your customer (KYC) measures, fraud investigation, continuous monitoring, actionable insights, reporting and orchestration, the company said in a Tuesday (June 25) news release....
The opportunities have never been greater, and the challenges more challenging, for America’s small businesses. And with the news that small and-medium-sized businesses (SMBs) could be facing up to a 40% jump in “friendly fraud” and “first-party fraud” — meaning card chargebacks and disputes by...
In today’s digitally connected economy, security and user experience are becoming increasingly intertwined and interdependent. Against that backdrop, the transformative potential of passwordless authentication represents a crucial step toward a more secure and efficient digital future. “A password is nothing but a shared secret, and...
Oscilar has added an artificial intelligence (AI)-powered ACH Fraud Detection product to its lineup of risk technology solutions for FinTechs and financial institutions. The new solution uses machine learning (ML) algorithms, generative AI, and real-time data analysis and explainability to identify and prevent fraudulent transactions,...
The UK’s payments regulator says new fraud reimbursement rules will proceed as planned. The Payment Systems Regulator told PYMNTS Monday (June 10) that it still plans to roll out regulations requiring banks and payment companies to reimburse victims of authorized push payment (APP) fraud up...
When it comes to payments fraud, the Federal Reserve actually splits the crime into two categories: authorized and unauthorized fraud. While unauthorized fraud — which involves fraudsters initiating or redirecting bogus payments from legitimate accounts — might be the type that first comes to mind...
