Battling financial fraud in the new age of payments services
4 min read - The arrival of COVID-19 has inspired new opportunities for the unscrupulous. According to the United States Federal Trade Commission, approximately 770,000 fraud claims accounting for USD922 million in losses were filed between January and June 2020 – a 13% increase…
Blockchain-traced seafood: Helping historic New England fisheries thrive
3 min read - In Massachusetts, we like to think we know our scallops. Barely 15 miles from our headquarters at Raw Seafoods sits the town of New Bedford, where New England fishermen first began using “catboats” to dredge bay scallops in the early…
Payment fraud prevention at a national payment switch
4 min read - France has a long history as a pioneer in payment fraud prevention. It was the only nation that introduced Chip and PIN countrywide in 1992 [1]. This action made France the first all-smartcard country. And it reduced fraud in France…
How high-tech AI is helping stop real-time payment fraud
4 min read - The New Payments Platform (NPP) opened up an opportunity for Indue to reinvent our financial crimes service due to the potential increased risk with NPP over traditional channels. Our relationship with the IBM Safer Payments solution has resulted in the following…
How to outsmart bank fraud with real-time cybersecurity
3 min read - At Banco Santander, we’re committed to protecting customer data against cyber attacks. We’re constantly adapting our security systems to meet fraudsters’ increasingly sophisticated methods of stealing customers’ login credentials, information and, ultimately, their money. But no matter how advanced our…