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Network International and Mastercard expand AI-powered Brighterion solution

Network International, the leading enabler of digital commerce across the Middle East and Africa, has extended the benefits of Mastercard’s Brighterion fraud prevention solution, powered by artificial intelligence (AI), to over 60,000 merchants. The two partners are leveraging the cutting-edge technology to protect and grow the payments industry by providing transaction fraud screening and merchant monitoring services to merchant acquirers and businesses.

/security

Densan System's PayLabo signs with Seon

End-to-end fraud prevention leader, SEON has had its state-of-the-art cybersecurity solution adopted by Densan System Co., Ltd. to enhance security and convenience across the company’s new digital payment platform, PayLabo.

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New Nacha rules take aim at credit-push fraud

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.

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FIS taps accelerator alumnus Stratyfy to boost card fraud detection with AI

Global financial technology leader FIS (NYSE: FIS) has today announced that its SecurLOCK card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy.

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Equifax and VTEX join forces to help merchants fight fraud

Equifax and VTEX, the composable and complete commerce platform for premier B2C and B2B brands, join forces to help fortify fraud prevention capabilities for merchants across the globe.

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Luxhub delivers support for Iban-Name check

A few days after the Instant Payments Regulation adoption by the Council of the EU, LUXHUB’s shareholders (Spuerkeess, BGL BNP Paribas, POST and Raiffeisen) are expressing today their support to the company’s Payee Verification Platform.

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BMO parnters Elavon on payments platform for US clients

One of the world’s largest payment processors, Elavon and BMO, the eighth-largest bank in North America by assets, have announced a partnership, to provide a comprehensive and innovative payment solutions platform to the bank’s clients in the United States.

/security

Quantexa to provide GenAI via Microsoft cloud

Quantexa, a global leader in decision intelligence solutions for the public and private sectors, used the backdrop of QuanCon24, its annual customer and partner conference, to reveal its Decision Intelligence Platform roadmap, and provided an update on Q Assist, a generative artificial intelligence (AI) assistant that previewed in July last year.

/security

ID fraud may account for 50% of all bank-reported fraud by 2025

Analysis of the UK’s largest database of syndicated risk intelligence shows ID fraud is the top fraud type reported by banks and other financial service providers, accounting for 45% of all adverse contributions made in 2023. This could reach 50% by the end of the year.

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Thames technology taps Ellipse to deliver dynamic CVV code tech

Thames Technology, a leading provider of cutting-edge payment solutions, has announced a strategic partnership with Ellipse World, Inc. (Ellipse), a Los Angeles based innovative FinTech company, to offer an additional layer of advanced protection for its banking cards.

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ACI Worldwide and comforte AG pave the way for PCI DSS v4.0 compliance

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, and comforte AG, a leading provider of data-centric security solutions, have announced a partnership to help customers meet the new Payment Cards Industry Data Security Standards (PCI DSS) v4.0 standard.

/security

Financial services top target for DDOS attacks

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, released new research on the surge of distributed denial-of-service (DDoS) attacks threatening the financial services sector and its customers.

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