HSBC Partners with ValidiFI to Strengthen Fraud Detection in Credit Card Payments

HSBC has partnered with ValidiFI to enhance fraud detection and account validation for credit card payments, announced in a press release. The collaboration will use ValidiFI’s predictive bank account and payment intelligence to verify account ownership, identify fraudulent payment attempts, and monitor for suspicious patterns.

The system provides real-time validation for newly enrolled accounts and continuous monitoring to detect emerging fraud signals. HSBC aims to strengthen its payment security by using behavioral analytics to uncover patterns linked to scams, synthetic identities, and mule accounts.

John Phelan, HSBC U.S. Head of Retail Product and Lending, said the partnership supports the bank’s efforts to provide secure and efficient methods for customers to make credit card payments. ValidiFI’s platform will deliver pre-transaction risk detection and adaptive monitoring to help maintain a secure environment for customer transactions.