Abrigo

JANUARY 24, 2024

Prevent fraud when adopting FedNow Credit unions can prevent fraud as they connect to FedNow. Use this guide to understand available tools and the steps AML and fraud teams should take. You might also like this FedNow implementation guide with details on appropriate AML/CFT and fraud considerations.

Fraud 221

Fraud Payments Software Policies 221

Payments Dive

NOVEMBER 29, 2023

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

Fraud 458

Fraud Policies Industry 458

Payments Dive

AUGUST 19, 2024

Electronic payments have become the norm for most B2B transactions. Oddly enough, that has been accompanied by a rise in check fraud. Here's what businesses need to know.

Fraud 293

Fraud Payments 293

Payments Dive

AUGUST 16, 2024

The Federal Reserve is still seeking to allay financial institutions' concerns that faster payments allowed by the new instant payments system could lead to faster fraud.

Fraud 243

Fraud Tools System Payments 243

Payments Dive

MAY 25, 2023

Financial institutions and payments players are seeking to coalesce around new efforts to battle skyrocketing payments fraud.

Fraud 273

Fraud Payments 273

Payments Dive

MAY 31, 2024

“The scale of fraud on the Zelle platform is unacceptably high,” National Consumers League Vice President John Breyault said.

Fraud 431

Fraud National 431

Payments Dive

JANUARY 12, 2021

Is your company assessing online fraud with a deterministic approach or a probabilistic approach? Beth Shulkin, VP of Global Marketing at Ekata shares her view on the best way to assess fraud risk in the payments landscape today.

Fraud 386

Fraud Payments Online Marketing 386

Payments Dive

FEBRUARY 23, 2023

As the Federal Reserve prepares for a mid-year launch of its instant payments system, FedNow, it’s zeroing in on anti-fraud tools to protect users.

Fraud 468

Fraud Tools System Payments 468

Payments Dive

JULY 14, 2023

Cleveland Fed President Loretta Mester in a speech this week spelled out tools the new instant payments system will have for thwarting fraud.

Tools 370

Tools Fraud Cleveland System 370

Payments Dive

DECEMBER 19, 2023

Beating back fraud can feel “a bit like a vicious circle,” as the industry improves its capabilities and fraudsters pivot, said Tina Eide, an executive vice president focused on fraud at the card issuer.

Fraud 431

Fraud Trends Cards Industry 431

Payments Dive

MARCH 19, 2024

“With respect to transaction monitoring for fraud, it would no longer be acceptable to do nothing,” Nacha Executive Vice President Michael Herd said.

Fraud 221

Fraud Payments 221

Payments Dive

MARCH 14, 2024

Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

Fraud 459

Fraud Report Digital Banking Mobile 459

Payments Dive

SEPTEMBER 29, 2022

Credit card fraud tops the list of growing threats, but P2P and newer payment vehicles are quickly catching up, according to a recent poll of industry executives.

Fraud 221

Fraud Payments Cards Industry 221

PYMNTS

AUGUST 3, 2020

When it comes to B2B payments fraud, it’s not a matter of if it happens, but when. Speaking with Karen Webster in a recent interview , OnPay Solutions President and CEO Neal Anderson explained that organizations have to prepare themselves to mitigate the fraud threat, even as employees work from home. ” $4.13

Fraud 328

Fraud Payments Philadelphia Regional 328

Payments Dive

JUNE 16, 2023

One in five consumers worldwide have been victims of payment fraud in the past four years, according to an ACI report.

Fraud 418

Fraud Report Payments 418

Payments Dive

FEBRUARY 9, 2024

With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

Fraud 397

Fraud Regulation Payments 397

Payments Dive

JANUARY 9, 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

Trends 487

Trends Payments Fraud Industry 487

Payments Dive

JUNE 10, 2024

Fraud is always a problem companies want to tackle. But in the current business environment, it has become an even greater priority.

Fraud 195

Fraud Payments Company 195

Payments Dive

MARCH 20, 2023

Apto Payments and Sardine are joining forces to offer commercial customers issuing cards better anti-fraud tools.

Tools 221

Tools Fraud Payments Cards 221

PYMNTS

SEPTEMBER 28, 2020

Morgan Chase is stepping up its payment fraud protection services for small- to medium-sized businesses (SMBs) to help them combat scam and fraud attempts, Reuters reported. The bank is implementing a new self-service "fraud hub," which will let SMBs set alerts for unusually large payments, controlling who can get paid.

Fraud 266

Fraud Payments Tools Report 266

Abrigo

MAY 30, 2024

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies.

Fraud 221

Fraud Training Trends National 221

Payments Dive

JUNE 10, 2024

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

Fraud 369

Fraud Capital Company 369

Payments Dive

JUNE 30, 2022

Yet another lawsuit related to alleged fraud on a peer-to-peer payment app targets digital payments company PayPal.

Fraud 397

Fraud Payments Company 397

Payments Dive

NOVEMBER 10, 2024

In a new report, the card network detailed cyber schemes and scams that have led it to invest $11 billion over the past five years in improving its systems.

Fraud 466

Fraud System Cards Report 466

Payments Dive

JULY 12, 2024

Use of data-sharing protocols among banks could warn customers before they send money, said Carl Slabicki, a BNY executive.

Fraud 433

Fraud Payments Data 433

Payments Dive

DECEMBER 15, 2023

The Federal Reserve is weighing additional fraud-fighting tools as it takes feedback from users of the new instant payments system.

Fraud 259

Fraud Tools System Payments 259

Abrigo

FEBRUARY 6, 2024

4 Reasons better check fraud prevention is a good investment Check fraud is on the rise. Learn how you can save time and money in the long run by updating check fraud prevention capabilities today. At the same time, check fraud is increasing dramatically. At the same time, check fraud is increasing dramatically.

Fraud 221

Fraud Training Trends Regional 221

Payments Dive

AUGUST 2, 2019

While data shows that credit card fraud has decreased from the standpoint of payment volume, there remains a concern in the industry that cybercriminals are using sophisticated methods of changing tactics to avoid detection and put consumer payment information at risk.

Fraud 384

Fraud Payments Cards Industry 384

PYMNTS

APRIL 10, 2020

This brings a longstanding challenge to the fore: Healthcare organizations have long struggled with fraud, waste and abuse (FWA), costing the United States healthcare sector more than $200 billion annually by some estimates. Moreover, the benefit cited by the greatest proportion of healthcare firms (65.6

Fraud 362

Fraud Payments System United States 362

PYMNTS

DECEMBER 28, 2020

Nacha is issuing a warning to accounts payable professionals with regards to the rising threat of fraud. Further, Nacha said, the survey revealed AP professionals are facing increasing fraud attempts that target AP processes specifically. But accounts payable is far from the only back-office financial workflow at risk of fraud.

Fraud 291

Fraud Payments Survey Lending 291

Abrigo

DECEMBER 22, 2023

The most popular financial crime blogs in 2023 Check fraud, the SAFER Banking Act, and BSA exam topics were among Abrigo's top blogs on AML/CFT and fraud this year. You might also like this infographic on the true costs of fraud at financial institutions. Here are Abrigo’s 10 top AML and fraud blogs in 2023.

Fraud 221

Fraud Training Compliance Trends 221

Abrigo

SEPTEMBER 6, 2023

Takeaway 1 Check fraud detection is a critical component of AML programs because it is one type of fraud that continues to trend upward in financial institutions. Takeaway 2 According to the FBI, reported losses from check fraud total $1 8 billion annually.

Fraud 195

Fraud Trends Training System 195

Payments Dive

AUGUST 13, 2024

About a fifth of finance professionals in a recent survey said their organization has already been targeted by AI-driven deepfake or executive impersonation attacks.

Fraud 221

Fraud Survey Payments 221

Payments Dive

AUGUST 29, 2024

Federal Reserve Governor Christopher Waller suspects there could be more fraud and money-laundering if countries move too quickly to link their faster payments systems, he said at a conference.

Conference 243

Conference Payments Fraud System 243

Payments Dive

NOVEMBER 17, 2020

Mobile Payments Today interviewed André Ferraz, the CEO and co-founder of Incognia, a private identity company that provides fraud prevention by using frictionless identity location verification.

Fraud 448

Fraud Mobile Payments Company 448

Abrigo

FEBRUARY 8, 2024

Client fraud education to prevent banking losses Financial institutions play a crucial role in safeguarding customers and members from fraud. Fraud education is key. You might also like this infographic: 5 Fraud typologies impacting you and your customers or members. DOWNLOAD Takeaway 1 U.S.

Fraud 195

Fraud Resources social media Software 195

Payments Dive

OCTOBER 6, 2022

The card behemoth said it’s observing an increase in in-person fraud now that U.S. consumers are returning to their pre-pandemic shopping habits.

Fraud 438

Fraud Cards 438