Tech Startups Stall on Stablecoins Due to Fraud Fear and Links to Crime
- 2 months 4 weeks ago
- Fraud Detection
Tech startups are embracing stablecoins to streamline cross-border payments and boost operational efficiency, new research from issuer processing powerhouse Enfuce reveals. But adoption is still being constrained by concerns over fraud and links to criminal activity.
FICO Survey: Fraud Department Is Secret Weapon for Customer Acquisition
- 3 months 1 week ago
- Fraud Detection
New research on fraud, identity, and digital banking from global analytics software leader FICO reveals that British consumers are prioritizing fraud protection over other considerations when selecting financial service providers. Banking-related fraud, such as stolen cards and identity theft leading to application fraud, tops their list of concerns, while traditional scams like cash theft and shopping frauds rank far lower.
Visa’s Scam Disruption Unit Announces $1 Billion Milestone
- 3 months 4 weeks ago
- Fraud Detection
Visa, a leader in global payments, has announced that its groundbreaking Scam Disruption Practice has identified over $1 billion in fraud attempts since its inception just a year ago – and over $260 million in Europe alone. Working with clients and law enforcement teams around the world, the unit has dismantled more than 25,000 scam merchants.
False Declines Are Quietly Costing Merchants More Than Fraud Itself, Warns Chargebacks911
- 4 months 29 min ago
- Fraud Detection
The payments industry has spent decades waging war on fraud. But according to Chargebacks911, a global leader in dispute resolution and chargeback prevention, data shows merchants are losing more money and goodwill to false declines than to fraud itself. The findings, drawn from the company’s Cardholder Dispute Index and Chargeback Stats, highlight how blunt fraud filters are quietly eroding revenue, trust, and loyalty at a staggering rate.
Trustfull Unveils Trustfull Session to Distinguish Real Users from Bad Actors, Human or Not
- 4 months 4 hours ago
- Fraud Detection
Trustfull, a leader in frictionless fraud prevention technology, today announced the release of Trustfull Session, a next-generation risk intelligence solution designed to detect and block malicious traffic - whether bot-driven or human-led - without slowing down legitimate users or trusted AI agents.
HYPE and Cleafy Signed a Partnership for the Integration of Cleafy’s FxDR Platform for Fraud Prevention
- 4 months 22 hours ago
- Fraud Detection
HYPE, the 100% Italian neobank that has been reshaping banking since 2015 to promote an increasingly mature, informed and peaceful relationship with money, and Cleafy, a company specialised in the design and development of software solutions for the identification and prevention of financial fraud, have signed a partnership agreeme
Thredd Launches First-to-Market Fraud Solution in Collaboration with Featurespace
- 4 months 1 day ago
- Fraud Detection
Thredd, a leading next-generation global payments processor, today announced the introduction of One View, a first-to-market fraud solution developed in collaboration with global fraud and financial crime detection innovators,
European Central Bank Concludes A Framework Agreement With Feedzai To Detect And Prevent Fraud For Forthcoming Digital Euro
- 4 months 1 week ago
- Fraud Detection
The European Central Bank (ECB) has concluded a framework agreement in ranking with Feedzai, the world's leading RiskOps platform for financial crime prevention, as the first-ranked tenderer, to provide the central fraud detection and prevention mechanism for the digital euro.
TransUnion Research Highlights Power of Public Data in Uncovering $3.3B Synthetic Identity Threat
- 4 months 3 weeks ago
- Fraud Detection
With synthetic identities now linked to a record number of newly opened accounts, U.S. lenders faced more than $3.3 billion in exposure for the year ending 2024. This alarming trend underscores the urgent need for financial institutions such as auto lenders, mortgage lenders and credit unions to harness all available data to detect and prevent synthetic identity fraud at the point of account creation.
Compass Plus Technologies Unveils FraudAxis: AI-Powered, Real-Time Fraud Management Solution for Financial Institutions
- 4 months 3 weeks ago
- Fraud Detection
Compass Plus Technologies, a global provider of retail banking and payments software, today announced the launch of FraudAxis, its next-generation fraud management platform designed to help financial institutions detect, prevent, and predict fraud in real time across all payment channels.
VAMP Is Coming: Ravelin Urges Merchants to Act Before Visa Fraud Crackdown Hits
- 4 months 3 weeks ago
- Fraud Detection
Leading fraud prevention platform Ravelin is urging merchants to take immediate action on Visa’s updated VAMP (Visa Acquirer Monitoring Program). It warns failure to minimise fraud will mean incurring significant, recurring fees, and even losing the ability to accept Visa payments. Ravelin has published a simple VAMP guide to help businesses save time, money, and avoid disruption.
Misuse of Scam Warning Flags Unnecessarily Delays Transfers
- 4 months 4 weeks ago
- Fraud Detection
Thousands of pension transfers are being held up unnecessarily by providers who are raising flags for transfers that have no real scam risks, according to new analysis.
UK Hotspot for Year-Round Fraud, as Online Attacks Surge Nearly 50%, Finds Mangopay
- 5 months 2 hours ago
- Fraud Detection
New data from Nethone, Mangopay’s global fraud detection solution, reveals online fraud pressure rising to record levels and breaking out of traditional holiday cycles.
Entrust and Mastercard Transform Account Onboarding With Intelligent Fraud Defense
- 5 months 1 day ago
- Fraud Detection
Entrust, a global leader in identity-centric security solutions, today announced an expanded partnership with Mastercard to enhance fraud prevention by integrating Mastercard Identity insights (powered by Ekata) into the Entrust Identity Verification Security Platform.
