Tagged: payment fraud

June 30, 2023 @ 9:37 am By Omar Faridi  |  

Sardine announced the formation of SardineX, an industry-wide, independent consortium to curtail payment fraud by bringing together established financial institutions and emerging fintech organizations to establish trust across multiple payment rails. Founding members reportedly “include Chesapeake Bank, Visa, Airbase, Blockchain.com, Alloy Labs Alliance, iLex, and… Read More

May 25, 2023 @ 12:12 pm By Omar Faridi  |  

Payment orchestration provider BR-DGE has announced today its latest partnership with global real-time payments gateway Volt to support merchants countering payment fraud. Through a single point of integration, BR-DGE’s merchants can “access a world of payment providers, fraud capabilities, and alternative payment methods.” This new… Read More

November 29, 2022 @ 5:07 pm By Omar Faridi  |  

The payment fraud market faces “a number of challenges which makes it uniquely suited to the wide-scale deployment of fraud prevention systems,” according to an update from Juniper Research. The update from Juniper Research notes that one major feature that AI systems possess is “the… Read More

August 12, 2022 @ 10:19 am By Omar Faridi  |  

Fraugster, a payment intelligence company, has been selected by epay “to pilot AI payment fraud prevention services.” epay is “a full-service payment provider” and the digital payments processing business segment of the financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT). epay’s worldwide… Read More

May 15, 2022 @ 10:35 pm By Omar Faridi  |  

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

May 3, 2022 @ 8:35 am By Omar Faridi  |  

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More

April 17, 2022 @ 8:00 pm By Omar Faridi  |  

We recently connected with Bill Sytsma, Senior Vice President at Callsign, a digital trust pioneer servicing some of the top banks in the US, to discuss authorized push payment (APP) fraud. Bill began working at Callsign in January 2021, where he is responsible for the… Read More

November 1, 2021 @ 10:52 am By Omar Faridi  |  

UK-based Fintech firm Modulr notes that unless you’ve been living in a completely different digital dimension, you can’t have “failed to hear about the data breaches and high-profile phishing scams that have been hitting the recent headlines.” The team at Modulr writes in a blog… Read More

June 14, 2021 @ 3:41 pm By Omar Faridi  |  

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

September 5, 2020 @ 3:32 pm By Omar Faridi  |  

Earlier this week, Modulr reportedly became the very first non-bank or building society to join the Confirmation of Payee service, which allows people to check whether the payment details they’ve provided for an individual or company match the details that are held by the recipient’s… Read More