The Electronic Funds Transfer Act protects consumers from liability for unauthorized transfers from their accounts.

As financial crime risks evolve, including those risks posed by the use of AI and other emerging technologies, so too must ...

Fraud now accounts for 40% of crime in England and Wales. However, in this era of strained public finances, and the often international dimension ...

As the threat of fraud rises with the increasing use of generative AI, traditional methods of verifying consumer information have become inadequate. A recent study projects AI-driven fraud losses ...

As artificial intelligence (AI) continues to shape industries worldwide, its role in banking has quietly evolved behind the ...

Yapı Kredi reduced fraud losses by 98.7% over seven years, using FICO® Falcon® Fraud Manager. The bank maintains Turkiye’s lowest card fraud basis point ratio—50% lower than peers. Yapı Kredi analyzes ...

USAA has initiated legal action against Regions Bank, alleging patent infringement related to mobile deposit technology. The lawsuit, filed on January 28, 2025, claims that Regions Bank’s mobile ...

The industry has essentially reinvented the fight against fraud and financial crime using advanced analytics and other ...

Transaction fraud has become a growing concern, posing serious risks to businesses. It threatens financial security and ...

AI makes criminals more efficient along with regular workers. But there’s a lot you can do to keep yourself safe from bank ...

Payment fraud (i.e. the unauthorized or deceptive use of stolen payment information to obtain money, goods, or services) ...

The RBI has advised all regulated entities like banks, etc to use TRAI's Mobile Number Revocation List (MNRL) hosted on the ...