Fraud prevention stories - Page 26

FinTech firm PAYSTRAX partners with UK's Cardstream to enhance cross-border payment solutions, leveraging Cardstream's global gateway for seamless online transactions.

As eCommerce surges towards a projected USD $9.3 trillion by 2027, merchants and payment providers must enhance security and convenience to reduce cart abandonment.

JT joins forces with GSMA as an Open Gateway Channel Partner, aiming to enhance global fraud and identity solutions in the telecoms industry through innovative APIs.

Survey reveals a dramatic rise in consumer demand for mobile app security, fraud prevention, and privacy measures, with 99.5% of users seeking robust protections.

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

Accor partners with Stripe to streamline payments across 5,600 global establishments, enhancing customer experience as Australia's tourism sector rebounds.

HID integrates its U.ARE.U Camera Identification System with Amazon Rekognition, enhancing facial analysis and verification for self-service and POS environments.

Appdome launches SDKProtect to bolster mobile SDK security, aiming to curb fraud and enhance compliance in the mobile app sector through threat-aware SDK versions.

Trustly's 2023 annual report reveals a 79% surge in transactions, totaling US$58 billion, and a 51% rise in operating profit, driven by its expanded presence and strategic acquisitions in Europe.

A new report by Signicat and Consult Hyperion reveals the growing threat of AI-driven identity fraud across Europe, urging financial institutions to boost their defences.

Millennials and men, particularly those aged 35-44, are most frequently targeted by financial fraud, reveals an Arbuthnot Latham survey.

PPRO brings on board Bronwyn Boyle as the new Chief Information Security Officer. With over 20 years of experience, she will lead PPRO's security strategy, bolstering safety across all corners of the global local payments platform.

Cyber scammers exploit Evri, Amazon, and PayPal brands with phishing schemes, reveals a new study by tech retailer, Currys, indicating a rising threat of such scams.

SMS revolution's downside: Europe tackles fraud epidemic through stringent data laws and sender verification in fight to preserve trust.

ServiceSeeking teams with ConnectID to boost online protection for SMEs via reliable identity verification, curbing fraud risks and fostering a trusted ecosystem.

Basware has launched an AI-based solution, AP Protect, aimed at helping companies shield from invoice fraud and errors.

Commerce protection giant Signifyd appoints Nikhita Hyett as EMEA General Manager, leveraging her payment processing and fraud prevention expertise to boost operations in the region.

Ecommpay expands market reach in the UK and Europe, forecasting a 44% growth, by integrating Bacs and SEPA Direct Debit capabilities via GoCardless, enriching their payment suite for FinTech and eCommerce merchants.

Bertrand Dezard joins Mangopay as Head of Sales for Fraud, focusing on global growth and expansion of anti-fraud offerings, particularly in Europe and Latin America.

Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.