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The ai Corporation partners with Quatrro for fraud detection

The ai Corporation (ai), an FCA approved expert in fraud and risk management, today announced that it will be partnering with Quatrro, a leading fraud detection and prevention services provider, as part of its continued global expansion and to satisfy the increasing demand for its unique fraud and risk management solutions in the USA

/Card fraud

The ai Corporation employs machine learning to combat fuel card fraud

Fraud and risk management experts, The ai Corporation (ai), are helping global retailers to combat fraudulent use of fuel cards, and protect users, using artificial intelligence (A.I.) and machine-learning (ML), in a move that will revolutionise the global retail industry’s use of fuel cards.

/Card fraud

Al Hilal Bank and Visa partner for payments in UAE

Global payments technology company, Visa (NYSE:V), and Al Hilal Bank today announced a partnership to accelerate the adoption of contactless payments in the country and facilitate payments innovation in the UAE with the launch of three Visa payWave-enabled premium debit cards.

Australia blames bitcoin for rise in organised crime

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Australia blames bitcoin for rise in organised crime

The growth of online banking and digital currencies haver been cited as the main causes of a massive rise in organised crime in Australia's financial sector according to the country's criminal intelligence agency.

Mastercard to buy AI outfit Brighterion

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Mastercard to buy AI outfit Brighterion

Mastercard is looking to boost its fraud detection capabilities through the acquisition of artificial intelligence specialist Brighterion. Financial terms of the deal were not disclosed.

Self-service kiosk vendor hit by hackers

/Card fraud

Self-service kiosk vendor hit by hackers

US firm Avanti Markets says that nearly 2000 of its self-service payment kiosks have been infected with malware, putting customers' card data at risk.

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The ai Corporation joins UK govt fraud taskforce

Fraud and risk management experts, The ai Corporation (ai), have been working with the UK Government to develop a national response to online fraud and have been invited to join the Home Office and National Audit Office’s (NAO) Joint Fraud Taskforce.

/Card fraud

Leumi Card fights fraud with Feedzai AI platform

Leumi Card, one of Israel’s leading consumer credit card service providers, will implement Feedzai’s Artificial Intelligence (AI) platform to enhance its fraud detection and prevention capabilities, while continuing to provide a frictionless omnichannel experience for its customers.

/Card fraud

Fraugster launches AI fraud preventer for e-commerce

Fraugster, a German-Israeli payment security company, has launched a fraud prevention solution, Fraud Free Product, using artificial intelligence technology that it claims is so advanced that it can foresee fraudulent attacks before they actually happen.

Swift Business Forum, New York - live blog

/Card fraud

Swift Business Forum, New York - live blog

Welcome to Finextra's live coverage of the Swift Business Forum in New York. This event will focus on the key issues affecting the financial industry, including banking, payments, and securities. Cyber security will also be a hot topic, in light of the announcement of Swift's Customer Security Programme.

Kmart suffers another card data breach

/Card fraud

Kmart suffers another card data breach

For the second time in three years, hackers have installed malware on POS systems at US discount chain Kmart and stolen customer credit card data.

POS malware hits 'most' US Chipotle restaurants

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POS malware hits 'most' US Chipotle restaurants

Burrito slinger Chipotle says that "most" of its US restaurants were affected by a card data-stealing POS malware attack earlier this year.

Intercontinental card data breach hits 1200 hotels

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Intercontinental card data breach hits 1200 hotels

InterContinental Hotel Group says that it has found malware designed to steal payment card details at around 1200 of its franchise hotels in the US.

In wake of EMV switch, US e-commerce fraud soars

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In wake of EMV switch, US e-commerce fraud soars

As the US finally made the switch to EMV chip cards, last year saw e-commerce fraud rates jump by 33%, according to data from Experian.

Overlay skimmers found on Ingenico card readers

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Overlay skimmers found on Ingenico card readers

Crooks in the US are targeting Ingenico card readers at shop self-checkout lanes, placing overlay skimming devices on the machines to steal data and PINs.

New Jersey man jailed over $200m credit card scam

/Card fraud

New Jersey man jailed over $200m credit card scam

A New Jersey man has been sentenced to nearly four years in prison for his role in a $200 million scam that saw crooks fabricate thousands of false identities to obtain credit cards.

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VTEX becomes PCI Security Standards Council participating organisation

VTEX, a global digital commerce platform servicing more than 2,000 companies worldwide, announced today that it has joined the PCI Security Standards Council as a new Participating Organization.

Professor predicts 'major bank will fail' from cyber attack in 2017

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Professor predicts 'major bank will fail' from cyber attack in 2017

The chairman of the UK's National Cyber Management Centre (NCMC) has warned that "a major bank will fail as a result of a cyber attack in 2017" leading to "a loss of confidence and a run on that bank".

Banks should be liable for scam victims' losses says consumer group

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Banks should be liable for scam victims' losses says consumer group

Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.

Madison Square Garden hit by hackers

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Madison Square Garden hit by hackers

People who have visited famous US venues such as Madison Square Garden and Radio City Music Hall over the last year may have had their payment card data stolen.

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