Area of Interest: Fraud Fighting and Security

Plaid Uses Open Banking Data to Fight Fraud

Plaid uses up to 10,000 consumer data attributes to inform its Trust Index score generated from device interactions with more than 7,000 different apps as well as data from network partners, which can include that company’s own indicators of potential fraud behavior.

Dynamic CVV on Mobile App

Safecypher’s dynamic CVV can be used with Apple and Android smartphones and tablets that incorporate biometric authentication.

Forter Payment Optimization

The most successful ecommerce merchants calibrate fraud management, which is a risk analysis, with payment optimization, which is a growth analysis. Forter offers ecommerce merchants support in both areas. The Forter Trust Platform has been used to fight ecommerce fraud since 2014. It delivers identity intelligence, isolating suspected criminal activity by analyzing legitimate transactions from […]

Account Validation, Fraud Fighting and Risk Analysis

Credit scores provide only a point-in-time view of a consumer, and often are a lagging indicator of their current financial stability. Regular reviews of the transactions initiated from a consumer’s deposit account help provide a better prediction of future behavior as well as identify the best performing accounts in a portfolio. That is one of […]

Prove Acquires Portabl’s Reusable ID Verification

Portabl uses digital signature and World Wide Web Consortium (W3C) standards to enable consumers to create reusable digital identities.

Dynamic CVV Module

Unlike tokens, dCVVs have the added benefit of being a security element that is visible, which provides cardholders with some peace of mind.

Digital Risk Management and Compliance Monitoring

Last year, LegitScript saved clients $1.60 billion in potential card network fines.

LexisNexis Risk Solutions Buys IDVerse

IDVerse owns proprietary technology that operates on a deep neural network.

Authorized Push Payment Protection from BioCatch

Authorized push payment fraud and social engineering scams typically originate via an email, text message or social media post. Funds are then sent to a mule account. Successfully laundering money can involve up to 10 accounts.

Card Fraud Losses Worldwide in 2023

Purchase volume combined with cash advances and cash withdrawals tied to global brand, domestic-market-only and private label credit, debit and prepaid cards was $51.435 trillion worldwide in 2023. This was an increase of 4.7% from $49.149 trillion in total volume in 2022.