Beyond Compliance: Rewiring Fraud Prevention for Faster Payments

Not long ago, creating a fake vendor convincing enough to fool a seasoned finance team would have required significant effort and expertise. Today, a few prompts can generate identities, documents, emails, and even video needed to make a fictional business look remarkably real. Artificial intelligence has fundamentally changed the fraud landscape. Bad actors can now […] The post Beyond Compl

Artificial intelligence is rapidly changing the economics of online fraud, allowing criminals to automate attacks, exploit stolen identities and test compromised payment credentials at a scale that would previously have... read more The post AI-Powered fraud surges as criminals operate at machine speed appeared first on Payments Industry Intelligence .

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentials, phishing and social engineering to get into real customer accounts, then move money, change account details or steal sensitive data. Banks see that pressure most clearly at login, account recovery and high risk transactions. The challenge is [...] The post Webinar: When Accoun

Payments have spent years getting faster. Fraud detection has not always kept pace. New August research from PYMNTS Intelligence, in collaboration with Plaid, shows that 47% of firms surveyed can’t detect suspected fraud in real time or within minutes. That is despite widespread use of sophisticated defenses: 90% use rules-based scoring before authorization, 83% use […] The post Plaid Study