Tag: Payment fraud

In early 2025, Block—the parent company of Cash App—agreed to pay up to $255m to settle claims that criminals had used its platform for...

Payment fraud prevention has become one of the biggest challenges facing FinTech platforms in 2025. High-profile cases, such as Cash App’s $255m settlement earlier this...

As digital transactions surge globally, financial institutions are seeking smarter ways to protect customers and prevent fraud before it happens. Traditional fraud detection systems, whether rule-based or driven by machine learning, often struggle to keep pace with the sophistication of today’s fraudsters, leading to missed threats or an avalanche of false positives that frustrate legitimate customers.

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.

In its most recent product update, Sift has introduced ThreatClusters, a pioneering data science innovation designed to enhance fraud detection. ThreatClusters improves decision-making accuracy in...

SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector.

VendorInfo, a segment of the Financial Operations Networks (FON), is renowned for offering specialised self-service vendor portals. These portals provide precise and timely tools, ensuring security, controls, compliance, efficiency, and scalability.

A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.

The point-of-sale terminals at Landry’s restaurants have been hit with malware which intended to steal customer card data.

The UK’s finance industry prevented a total of £1.66bn in fraud during 2018; however, £1.2bn was still stolen by criminals during the same period, a new study from UK Finance finds.