A nonprofit has launched the first open source platform aimed at delivering sophisticated anti-fraud capabilities to financial systems in Africa as well as parts of Asia and the Middle East. The ...

When the text message came in, Kim Dow's heart sank. "Hi," it read. "Did you just make this purchase with your REI Co-op Mastercard?" The message went on to share the last four digits of Dow's card ...

Opinions expressed by Digital Journal contributors are their own. As financial institutions and government entities handle escalating fraud schemes, an Agentic AI solution promises to change how the ...

Healthcare fraud schemes siphon away billions of dollars annually, with Medicare and Medicaid populations among the key targets. Estimates of healthcare fraud losses range from a conservative 3% of ...

In December 2022, The Nilson Report forecasted that bank card fraud losses in the United States would soar to $165.1 billion over the next ten years. These staggering figures are prompting banks, ...

In the fast-moving digital landscape, where gig workers expect instant payouts and companies handle millions of microtransactions daily, the need for robust real-time fraud detection has never been ...

According to a recent survey from PYMNTS, over 71% of executives are significantly interested in real-time payment systems. It’s easy to see the value in near-instant transactions – faster account ...

Cryptographic evidence capture app now available on Android with barometric attestation, tremor analysis, NTP verification, and tri-modal screen detection In the deepfake era, proving authenticity at ...

Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of "AI in Action," a ...