Had it been around in 2020, it could have flagged tens of billions before payouts, PRAC tells Congress A fraud-detection AI ...

One of the most difficult challenges in payment card fraud detection is extreme class imbalance. Fraudulent transactions ...

Devon Marsh, managing director, ACH network rules and risk management, National Automated Clearing House Association Fraudsters are constantly finding new ways to scam victims and operate under the ...

HERNDON, Va.--(BUSINESS WIRE)--Nacha members have approved a set of rules intended to reduce the incidence of frauds, such as business email compromise (BEC), that make use of credit-push payments.

Payment Service Providers (PSPs) need fraud detection systems that can anticipate and adapt to emerging types of fraud whilst maintaining the delicate balance between security and customer experience.

On March 18, Nacha, the organization that governs the ACH network, announced that its members approved a new set of rules aimed at reducing the incidence of frauds, such as business email compromise ...

Transparency is another priority. Given the decentralized and trust-based nature of Web3.0, the expert emphasizes ...

In August, German banks froze over €10 billion in PayPal payments due to suspected fraud, a disruption that underscored the scale of growing financial security concerns. If even long-standing, trusted ...

In today’s digital world, fraud has become more complex, which means we need smarter ways to detect and prevent it. Generative AI helps with this by looking at large amounts of data in real-time, ...

The Social Security Administration (SSA) recently reversed a highly debated anti-fraud policy that delayed retirement benefit applications by three days. This policy, introduced to curb fraud, faced ...

A surge in digital payment technologies has been paralleled by an equally rapid increase in credit card fraud. This research field explores multifaceted approaches that combine advanced analytics, ...