Contactless Fraud Scare? Not So Fast.
Breathless reports point to a terrifying increase in U.K. contactless fraud. Dig a little deeper, however, and the story changes.
bankingtech.com
payment fraud
Want to Fight Fraud? Join the Team—Literally
All payment providers and merchants grasp the dynamic nature of fraud. But fraud prevention requires more than the latest software and security protections—it requires active collaboration. Here’s why.
U.S. EMV Hits Milestone: 1 Billion Visa Chip Transactions in March
U.S. EMV use has hit a milestone. Visa said that for the first time, the number of Visa chip card transactions topped 1 billion last month, a 330 percent increase from March 2016. The announcement comes as the payment network reported a 42 percent overall increase in processed transactions in its 2017 fiscal second quarter.
Criminals turn their attention to online fraud in the US
Criminals have deepened their focus on U.S. online transactions since the country’s October 2015 EMV liability shift, with card-not-present fraud expected to hit $6.4 billion in 2018, according to a new report from the U.S. Payments Forum. The expected total would represent a 23 percent increase from fraud losses in 2017, and a 68 percent increase from 2016.
How to Fight Fraudsters without Losing Legitimate Customers
An analysis of a real fraud situation shows that some barriers to fraud can potentially drive away valuable customers. Here’s what to do—and not to do—when criminals target your cards.
U.K. Slaps Deutsche Bank with $200 Million Penalty over Money Laundering Case
The U.K.’s Financial Conduct Authority has fined Deutsche Bank £163 million (US$204.7 million) for failing to maintain adequate anti-money laundering controls between Jan. 1, 2012, and Dec. 31, 2015, according to Paybefore sister publication Banking Technology.
NewDay launches UK’s first cardless consumer credit offering Branded as Bip, it is available via the App Store and… twitter.com/i/web/status/1…
UK BNPL @payl8r raises £40m in debt #financing from @Conisterbank The UK #fintech, founded in 2014, says it has a… twitter.com/i/web/status/1…
.@Fiserv partnership with @GoldmanSachs brings initial B2B #payments offering This is a B2B facility for domestic… twitter.com/i/web/status/1…
.@RBCwealth picks @Broadridge to power US division Broadridge is deploying its Wealth Management Platform, which o… twitter.com/i/web/status/1…
ICYMI funding round-up: @Cobee_es, Sila, Vincent, WhenThen, @GetClaraCard & more #FinTech #Investment #Banking fintechfutures.com/2021/07/icymi-…
White paper: How top companies are better mitigating fraud & enhancing CX with Phone-Centric Identity #FinTech… twitter.com/i/web/status/1…
White paper: Data’s evolution in the cloud – financial services’ long-time data advantage #Data #FinTech #Finance spr.ly/6015ygyPT
.@LandisTeam secures $165m raise to help Americans become homeowners The funding brings Landis’ total debt and equ… twitter.com/i/web/status/1…