Fraud Prevention

An Omnichannel Strategy: is it right for credit unions?

The new banking landscape requires credit unions to adapt and evolve to keep up with member demands. Many of these changes require credit unions to not only develop new methods of interaction, but also find ways to evolve and continue to support more traditional…

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How Acquirers Can Defeat Merchant Fraud with Holistic Fraud Management

Merchant fraud is an ongoing concern for acquirers. It’s usually more sophisticated than consumer fraud, and it’s often more difficult to track. Some fraud schemes are employed exclusively by merchants, or fraudsters posing as merchants, and present serious challenges to acquirers: Bust out fraud –

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Digital Transformation: A Risky Proposition?

Retail banks are having a hard time. They know digital transformation is necessary, but they are faced with competing priorities and concerns about risk. After all, large changes traditionally come with their own set of risks. But what exactly are those risks? While working alongside

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PSD2 and You: Why Banks Are Turning to Artificial Intelligence

by Richard Harris, Head of International Operations You know how the Chinese word for “crisis” is the same for “opportunity?” The bad news is that’s actually a myth. The good news is the metaphor still applies to PSD2. Whether banks like it or not, the

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New Ebook: How to Choose a Machine Learning Platform for Risk

If you’re a merchant, an acquirer, or a payment service provider, you might be searching for a unified strategy that can manage risk without creating customer friction. We can help you procure the right solution. The Feedzai platform powers 1 in 5 of the world’s top 25 banks,

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Going Vintage at MRC 2017

In a future-focused industry where features and concerns seem to appear from somewhere beyond the horizon of the present moment, it was a surprise that the Merchant Risk Council main event this year focused on the past. Paper shredders, anyone? Check fraud? Copy machines? Maybe

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Using Machine Learning to Optimize Chargeback Re-presentments

Every year, enterprises lose billions of dollars to ecommerce chargeback costs. New fraud techniques based on “social engineering” are contributing to the problem. Dr. Selena Zhong, Senior Data Scientist Lead at Microsoft, recently spoke on these issues at the Real Machine Summit, hosted by Feedzai

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The Antidote to Financial Data Breaches

In February 2016, Wendy’s reported a potentially massive data breach across hundreds of restaurants in its network of 6,500 locations. It turned out that the point-of-sale systems for over 1,000 franchisee locations in its network were infected by a malware since the fall of 2015, the extent of

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5 Ways For Financial Institutions To Stop Account Takeover Fraud

Account takeovers are a constant danger that carry serious consequences for financial institutions. As a Javelin study noted, identity fraud resulted in $112 billion in losses for consumers between 2009 and 2015. A large volume of compromised accounts can mean substantial rewards for criminals. Consequently,

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When It Comes to Fraud, Where Is the Weakest Link?

Much like a chain-link fence is a deterrent that holds back burglars from accessing private property, a company’s digital security keeps cyber criminals from gaining access to confidential business information. It ensures that hackers don’t breach internal IT infrastructure that might protect sensitive data. However, much like a chain-link fence, cyber security

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