Fraud Screening News Today

Payments firm Orum has debuted No Code Verify, a tool to help prevent failed payments by determining if a bank account is open and valid.

Canadian payments FinTech Nuvei will become a private company after its sale to private equity firm Advent International for $6.3 billion.

To counter false declines, merchants are encouraging consumers to reattempt the transaction using the same payment method.

Sasha Siddhartha, CTO at online grocer Thrive Market, tells PYMNTS that mobile grocery shopping is increasing.

In an effort to counter false declines and prevent unnecessary losses, PYMNTS Intelligence research finds, the vast majority of merchants are encouraging…

PYMNTS Intelligence finds 90% of firms with a high level of collaboration with payment service providers (PSPs) cite a positive impact on their profitability.

PYMNTS Intelligence finds over 70% of U.S. firms saw higher rates of failed payments in cross-border sales compared to domestic sales over the last 12 months.

Galeries Lafayette UAE, a subsidiary of French Department Stores LLC, has partnered with FinTech company Nuvei to enhance its eCommerce payment flow.

ECommerce merchants can work with their PSPs to implement the right fraud screening technologies and strategies to prevent failed payments and friendly fraud.