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.
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.
FinTech Futures: Top five stories of the week – 5 August 2022 Here’s our pick of five of the top news stories from… twitter.com/i/web/status/1…
XR, banks and rewiring the system I was recently invited to be a guest on the ‘What the FinTech?’ podcast, and one… twitter.com/i/web/status/1…
Singapore-based Robocash Group appoints Natalya Ischenko as new CEO 🇸🇬Singapore #fintech firm Robocash Group has a… twitter.com/i/web/status/1…
Mansfield Building Society partners DirectID to streamline #mortgage applications Nottinghamshire’s @mansfieldbs h… twitter.com/i/web/status/1…
Geopagos lands $35m to expand Latin American footprint Argentinian #paytech Geopagos has bagged $35 million in a f… twitter.com/i/web/status/1…
South Asia #fintech funding round-up: Twid, Jify, OneLoad and Bluecopa This week’s handy Friday funding round-up i… twitter.com/i/web/status/1…
US #fintech funding round-up: @leapfin, @compliance_ai, @revolv3incand more Our weekly round-up for you to get th… twitter.com/i/web/status/1…
Umba acquires 66.6% stake in Kenyan microfinance lender Daraja #digitalbanking platform Umba has acquired a majori… twitter.com/i/web/status/1…