AF Education

What VCR Really Means for Merchants

Visa Claims Resolution (VCR) is the biggest dispute policy update the payments industry has experienced in decades. Every stakeholder has been impacted, with requirements changing for cardholders, issuers, acquirers, and merchants. An unintended challenge of VCR is ensuring each stakeholder has the information and insight they need to comply with--and...Readmore
2018 Fraud Conference Calendar

Fraud Conference Calendar 2018

There are dozens of conferences held across the globe every year dedicated to sharing fraud prevention knowledge and solutions. To assist fraud prevention professionals and organizations looking for opportunities to learn, network and find solutions to their fraud problems, about-fraud.com has created a calendar of all the relevant events we...Readmore
Funding investment ThetaRay

Nearly $100M in New Fraud Funding End of March

The second half of March was an eventful month for startup funding in the fraud prevention space. Sift Science raised $53 million in a Series D round in the biggest investment announcement of the month. The San Francisco-based company offers a machine learning based fraud prevention solution to e-commerce merchants...Readmore

Build vs. Buy – Final Four

Preventing fraud is already challenging without adding the confusion of what to build in-house and what to purchase from vendors. There is no standard answer –  it depends on your industry, business and risk profile. That being said, there are guidelines all merchants can follow to navigate the murky waters...Readmore
Ecommerce Fraud Index

Merchant Fraud Losses Rise 7% in 2017

Merchants’ total fraud losses rose 7% year on year in 2017 to 4.09% of total orders received, according to the Ecommerce Fraud Index figures released this week by fraud solution vendor Signifyd. Hardest hit were cosmetics and perfume retailers as their fraud rate doubled in 2017 to 5.1% of total...Readmore
Funding investment ThetaRay

American Express Invests in 2 Israeli Anti-Fraud Startups

American Express Ventures announced strategic investments in two U.S.-Israeli anti-fraud startups this week. BioCatch, a behavioral biometrics startup, closed a $30 million round of growth funding that was led by Maverick Ventures. Other round investors included not only American Express Ventures but also NexStar Partners, Kreos Capital and OurCrowd, among...Readmore
Machine learning product launch takes off

3 Machine Learning Solutions Launch for Finance, Auto Loans & Groceries

Three separate machine learning fraud solutions targeting credit card issuers, auto loans and online groceries were released last week by Fiserv, PointPredictive and Ocado Technology, respectively. Fiserv teams up with Mastercard Financial services technology provider Fiserv made the biggest buzz when it announced that it had begun offering Mastercard’s Decision Intelligence...Readmore
Magento and airline partnership solutions

Signifyd, ACI Worldwide launch partner solutions for Magento, airlines

Fraud prevention vendor Signifyd announced this week a strategic partnership with Corra, a digital agency serving primarily fashion, beauty and lifestyle brands retailers on the Magento Commerce platform. The partnership is expected to help Signifyd expand its growing list of merchant clients on Magento, particularly among high-end retailers likely to...Readmore
OTA hit by travel fraud

OTA Slammed by $9B in Fraud Costs in 2017

Travel intermediaries lose an estimated $21 billion a year in fraud-related losses, according to a recent report commissioned by eNett, a virtual account number (VAN) provider. Direct losses to travel intermediaries were pegged at $6 billion, while indirect costs including higher operating costs, revenue lost to false positives and reputational...Readmore
pensioners clone fraud losses

Clone Fraud Costs U.K. $280M Per Year

British pension fundholders are losing £200 million ($280 million) a year to "clone fraud," according to government figures published by The Times this week. In some cases, the report stated, individuals' losses exceeded £250,000 ($350,000). "Clone fraud" describes cold-calling scams run by thieves that seek to impersonate legitimate investment funds,...Readmore

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