Showing results for 'fraud prevention' in Articles
329 Articles | 70 Magazines | 1 Research | 0 Whitepapers

Modern bank heists: Financial institutions being held hostage

13 Apr 21 @ 16:53

The modern bank heist has escalated to a hostage situation over the past year. The new goal of attackers is now to hijack a financial institution’s digital infrastructure and to... read more

The European Commission Inception Impact Assessment on real-time payments in the EU

12 Apr 21 @ 13:19

On March 10, 2021, the European Commission (EC) published an Inception Impact Assessment (IIA) on the Commission’s planned initiative on real-time payments in the EU. The IIA was open for feedback... read more

Report: The 2021 Identity Fraud Study

01 Apr 21 @ 10:48

The 2021 Identity Fraud Study reveals a daunting new threat to consumers and businesses: identity fraud scams. While total combined fraud losses climbed to $56 billion in 2020, identity fraud... read more

PCM long read: What’s on the cards for 2021

02 Mar 21 @ 17:26

From acquiring to fraud, the role of big tech, mobile wallets and faster payments – PCM’s James Wood asks industry leaders to play Gypsy Rosie Lee and read what’s on... read more

Account take over explosion – incidents increased 20 percent compared to 2019

03 Feb 21 @ 17:59

It is becoming painfully clear that the pandemic is a boon of epic proportions for fraudsters. Between COVID-19 scams targeting consumers, the wholesale theft of government benefits, and playing on... read more

New Year, New Habits: Contactless payments and e-commerce are here to stay

14 Jan 21 @ 10:48

As the one-year mark of the COVID-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer... read more

Future of fraud forecast reveals threats facing businesses in 2021

12 Jan 21 @ 17:02

With the growing threat of fraud fuelled by the digital acceleration that took place in 2020, the 2021 Future of Fraud Forecast reveals five emerging fraud threats facing businesses. The... read more

Major gaps in UK online banking security systems exposed

07 Jan 21 @ 18:21

A new report says that major safety gaps in the online banking security systems of some of the UK’s biggest banks have been exposed by a new investigation by consumer... read more

Novalnet partners with Banking Circle

01 Dec 20 @ 12:36

Novalnet AG, a full-service Payment Provider, is partnering with Banking Circle, for faster and lower cost foreign exchange (FX) and settlement solutions for its 12,000+ customers around the world. Banking... read more

Consumers only willing to wait 30 seconds or less before cart abandonment

10 Nov 20 @ 09:28

While businesses worldwide have started to see their operations stabilise, they will be tested once again as higher expectations of the digital experience are on the rise. According to Experian’s... read more

The growing role of artificial intelligence in digital payments

06 Oct 20 @ 09:44

Artificial Intelligence driven technology is gaining momentum in the digital payments market, both in backend operations and customer-facing payment systems. Over the past few years, the digital payments market has... read more

Cybercrime spike as pandemic creates perfect storm for fraud

15 Jul 20 @ 10:34

With COVID-19 increasingly being used as a hook to commit fraud, threatening consumers and businesses of all sizes, a recent industry discussion was held to discuss ‘the rise of financial... read more

Rule of the machines: can AI and ML really help fight fraud?

06 Jul 20 @ 11:08

Fraud has been a problem since coins were introduced more than two thousand years ago. In today’s digital age, the problem won’t go away – indeed, it’s getting worse despite... read more

Identity fraud losses increase 15% as consumer out-of-pocket costs more than double

20 May 20 @ 10:55

The 2020 Identity Fraud Report reveals financial institutions’ methods to identify and respond to fraud are no match for criminals’ high-tech schemes to hijack consumer accounts. Fraud losses grew 15%... read more

FSS and Fair Play bring online payment acquiring to Czech Republic

29 Apr 20 @ 09:38

FSS Technologies has announced a collaboration with Fairplay Pay s.r.o. one of the Czech Republic’s newest payments innovators specialising in SEPA and domestic transactions for its full-stack online acquiring suite.... read more

Report: A global benchmark of App Economy performance

28 Apr 20 @ 14:06

The outbreak of COVID-19 has upended economies throughout the world, including the App Economy. A multitude of government measures aimed at halting the spread of the COVID-19 virus, from social... read more

SDK.finance offers one year payment deferral for FinTech software

30 Mar 20 @ 09:26

SDK.finance, a financial technology provider, has announced a one year payment deferral for all companies with financial licenses issued by any country of the European Union and the United Kingdom.... read more

Coronavirus phishing and malware attacks spreading through banks and FI’s

13 Feb 20 @ 18:36

Beyond the immediate health threat, a new fraud trend has been noticed. With the widespread media attention around the coronavirus, attackers are already using the topic to bait victims into... read more

Macropay launches specialist platform for local and alternative payments

13 Feb 20 @ 16:52

Macropay has announced the launch of a proprietary platform for local and alternative payments which it has developed in-house to strict global standards. The new platform enables thirteen different local... read more

How fraudsters are attacking Open Banking weaknesses

30 Jan 20 @ 16:35

Two years ago, opportunity for the FinTech community was abound with the arrival of Open Banking. And while the initial uptake was slow to materialise, we are now finally realising... read more

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Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more

Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more