Zelle Processes $25B in Payments After Reports of Fraud
P2P payment provider Zelle processed $25 billion in payments during the first quarter of 2018, the service reported yesterday, a ...
Tag: fraud and anti-fraud
Aite Report: Digital Channel Fraud Mitigation: Evolving to Mobile-First
Aite Group Financial institutions are increasingly moving to online and mobile channels to offer better and more cost-efficient experiences to ...
Fraudsters ‘Flourishing’ On Zelle, New York Times Reports
Bank P2P service Zelle is having some issues with fraud, with some customers reporting that hackers, exploiting weaknesses in the ...
Revolut Designed a Virtual Card to Prevent Fraud, By Renewing User Details With Each Payment
UK-based fintech Revolut’s newest product is a “disposable” virtual card, a product that was designed with fraud protection in mind, ...
Aite Report: Digital Channel Fraud Mitigation: Evolving to Mobile-First
Aite Group Financial institutions are increasingly moving to online and mobile channels to offer better and more cost-efficient experiences to ...
Synthetic Fraud Slows as Cybersecurity Awareness Increases
EXCLUSIVE—The growth of synthetic fraud, or the method by which fraudsters use a combination of real and false details to ...
ACH Fraud, Already Rampant, Is Accelerated by Faster Payment Push
EXCLUSIVE – My colleague JJ Hornblass recently commented on the ACH fraud that took place at our company, and how ...
Japanese Crypto Exchanges to Create Self-Regulatory Body After $530M Heist
The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist ...
With Realtime Payments Comes Realtime Fraud — and Banks Need to Prepare
EXCLUSIVE—As banks begin to implement faster payment networks, they have to be ready to react to new cases of fraud ...
To Counter ATM Fraud, Banks Need to Deal with Technology Debt
EXCLUSIVE— While banks are making strides to improve their cybersecurity, it might be time to give the security on their ...
