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 ...

AI transforms digital wallets from transaction processors into intelligent systems. Instead of enforcing fixed rules, machine learning models evaluate context like user behavior, device ...

AI-led platforms have transformed telecom operations, enabling real-time detection of fraud, improving business assurance, and supporting new service launches. Telecom operators worldwide are shifting ...

The most convincing media you see online could be an AI-generated fake. Last May, nefarious marketers used deepfake tech to steal the likenesses of famous people, running ads online and making it ...

Fraud in payments is growing more sophisticated, forcing payment service providers (PSPs) to rethink their defenses. Today’s fraudsters are even leveraging AI tools to scale attacks and evade ...

Airtel has launched an AI-powered Fraud Alert system to warn users in real time against OTP-based banking scams.

Equifax Inc. early Friday launched an application to identify synthetic identity fraud. The app, known as Synthetic Identity Risk, uses artificial intelligence to analyze identity data, credit ...

As document capture increasingly shifts beyond traditional office environments, preserving both visual fidelity and document ...

A groundbreaking CLARA Analytics study on fraud detection in property and casualty insurance claims has revealed that advanced analytical methods can accurately identify potential fraud indicators ...

As criminal organizations expand their use of information technology, the frequency of global financial fraud rises to historic levels each year, posing significant challenges for governments and the ...

What’s driving the rise in digital fraud? The global payments landscape appears more dynamic and complex than ever before. As e-commerce spending accelerates toward an estimated $8.1 trillion by 2028, ...

Amber Nigam is CEO and cofounder of basys.ai, a Harvard-based company streamlining prior authorization for health plans with agentic AI. In 2023, the U.S. spent $4.9 trillion on healthcare, almost one ...