Payment fraud Articles

credit card chargeback
February 21, 2024

Friendly Fraud: What It Is and How To Prevent It

Learn what friendly fraud is, the types of credit card chargeback fraud, how to detect friendly fraud, and how to prevent this costly type of fraud.

Credit Card Fraud Detection Software
February 20, 2024

8 Essential Credit Card Fraud Detection Software for 2024

Explore the best credit card fraud detection software for businesses. Boost your security with the top 8 picks for fraud prevention.

  • Payment fraud
what is transaction fraud
February 18, 2024

Transaction Fraud: How to Detect It and Tips for Prevention

Explore the basics of transaction fraud, its mechanisms, and detection methods to safeguard your business effectively.

The Comprehensive Guide to Preventing Digital Payment BIN Attacks
February 14, 2024

The Comprehensive Guide to Preventing Digital Payment BIN Attacks

Explore the mechanics of Bank Identification Number (BIN) attacks within the digital payments infrastructure. This post will examine how they work, their risks, how fraudsters execute these attacks, and a tutorial on how to prevent them.

psd2 sca
January 18, 2024

The PSD2 and SCA Compliance Checklist for Businesses: Qualifications and Exemptions

Understand the requirements and take the necessary steps to ensure PSD2 and SCA compliance. We created a checklist of key items businesses need to adhere to to be PSD2 and SCA compliant including qualifications, exemptions, and implementation recommendations.

  • Payment fraud
Know Your Customer KYC Fraud
December 20, 2023

What is KYC (Know Your Customer) & KYC Fraud? The Basics and Common Types

In this article, we’ll discuss the basics of what KYC is, how laws are applied, why KYC is important, what are some of the core requirements of Know Your Customer, and what technology exists to help affected businesses stay compliant.

10 common types of payment fraud + prevention tips for eCommerce
December 14, 2023

10 common types of payment fraud + prevention tips for eCommerce

Learn what payment fraud it is, the most common types of payment fraud including return fraud, gift card fraud, phishing, sms fraud, and more. Get actionable payment fraud prevention tips for ecommerce merchants.

Open Banking What it is, Its Benefits, Its Risk of Fraudulent Account Linking and How to Prevent It
December 14, 2023

Open Banking What it is, Its Benefits, Its Risk of Fraudulent Account Linking and How to Prevent It

Learn what open banking is, how it differs from traditional banking, the benefits and risks of open banking, and the proactive measures fintech companies can implement to enhance security. This article will discuss how to prevent fraud from fraudulent account linking that may occur through third-party applications.

illustrations of a credit card on a blue and grey background
December 7, 2023

What is Card Cracking? How to Prevent It

Credit card cracking is a fraudulent act where cybercriminals decipher a card's security code, enabling unauthorized transactions. Learn how to prevent it.

SMS OTP Replacement Device Identification
October 10, 2023

Replace SMS OTP with Device Fingerprinting for Strong Customer Authentication (SCA) to minimize customer friction

Learn about PSD2, EBA, and SCA in the context of secure EU and EEA payment regulations. Understand what PSD2 compliance entails and discover how device fingerprinting can replace SMS One-Time Passwords for a comprehensive SCA approach for global organizations.

korsit customer story
September 19, 2023

How digital goods and services company Korsit uses Fingerprint to reduce and prevent payment fraud

Discover Korsit, a global provider of prepaid cards, gift cards, and game keys. Learn about their innovative solutions to combat payment fraud and reduce chargebacks without compromising the customer experience. With Fingerprint's reliable and accurate device intelligence solution, Korsit successfully maintains its strong business reputation while enhancing security for its customers.

omnichannel fraud
March 28, 2023

Omnichannel fraud detection and prevention: best practices to protect your business

Omnichannel fraud is a sophisticated form of financial crime that can occur through a variety of digital channels. Learn about the types of omnichannel fraud, the impact, and how you can protect your business.