Friday, March 28, 2025
13 C
Los Angeles

FATF Monitoring: Countries Addressing Strategic Deficiencies

Jurisdictions under Increased Monitoring by the FATF Countries...

Former Peruvian President Alejandro Toledo Sentenced to 20+ Years in Odebrecht Bribery Scandal

Former Peruvian President Alejandro Toledo has been...

Ex-Mexican Security Chief Sentenced for Bribery and Aiding Sinaloa Cartel’s Drug Trafficking

Genaro Garcia Luna, Mexico's former Secretary of...

Westpac Launches Cutting-Edge Digital Payment Security to Combat Scams in Real Time

AI/MLWestpac Launches Cutting-Edge Digital Payment Security to Combat Scams in Real Time

Westpac, an Australian banking firm, is introducing new digital payment security features to combat scam losses. They will integrate fraud detection systems with digital payment platforms to help customers spot potential scams in real time during payment input.

This marks the first use of such technology in Australia’s banking sector. When customers enter payment details online or on mobile banking that are flagged as high scam risk, the system will prompt them with questions to assess the risk. If responses suggest a high likelihood of a scam, Westpac will block the payment.

This enhanced security feature aims to protect customers from falling victim to scams, especially when scammers attempt to make payments appear legitimate.

By FCCT Editorial Team freeslots dinogame telegram营销

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

Check out our other content

Ad


Check out other tags:

Most Popular Articles