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The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.
March 17 -
Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.
March 13 -
The country's central bank cited geopolitical uncertainty and the increased reliance on digital payments as a reason to focus on offline payments as a backup. Also, a look at U.K. bank outages and other news in American Banker's global payments and fintech roundup.
March 12 -
A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.
March 11 -
The National Institute of Standards and Technology is standardizing a second encryption algorithm to bolster protections against quantum threats.
March 11 -
Lloyds Banking Group said its system reduces false security alerts by up to 92%, and AI developments could further improve its performance.
March 5 -
Secretary of Defense Pete Hegseth's decision to halt operations against Russia could weaken intelligence important to banks defending against attackers.
March 4 -
The alleged ringleader and 23 others face charges in a bank fraud scheme spanning three south-central counties.
February 28 -
The bank is partnering with the fraud protection platform to offer tools to help clients — especially older adults — avoid scams and financial mistakes.
February 26 -
Big banks are investing in quantum computing. What does that mean for the future of finance? And, more importantly, will they ever become useful?
February 25