Six in 10 banks plan to increase their IT spending on fraud management in 2023, including cutting-edge solutions to help with push payments fraud. But with 70% lacking the AI capabilities to keep up with larger competitors, they realize that they may not be able...
Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston, head of core product at Barclaycard Payments, point to the enormous threat online retailers are facing in the payments space,...
For merchants who until 2020 were mostly conducting business in the physical world, online fraud wasn’t a top-of-mind concern. But with the digital shift that has happened at a warp speed over the last year or so, companies in various verticals have had to learn...
Card not present (CNP) debit transactions are growing swiftly during the pandemic as many consumers limit their in-store shopping and leverage services such as curbside grocery pickup, meal delivery apps and online retail to meet their needs while social distancing. Merchants and financial institutions (FIs)...
March 08, 2023
Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston, head of core product at Barclaycard Payments, point to the enormous threat online retailers are facing in the payments space, not to mention the added burden of ensuring optimal protection […]
February 04, 2021
For merchants who until 2020 were mostly conducting business in the physical world, online fraud wasn’t a top-of-mind concern. But with the digital shift that has happened at a warp...
April 20, 2018
A perfect storm of regulatory changes and card brand rule changes has left many merchants wondering to whom, exactly, they are beholden and what, exactly, they must do to comply....
March 28, 2018
When you turn on a light in your home, chances are the lamp meets the nationally recognized UL Standards, and says so on the tag. UL Marks are an industry...
July 23, 2024
Galileo Financial Technologies now offers 3D Secure to help clients protect against card-not-present (CNP) debit and credit card fraud. The company’s new Galileo 3D Secure Access Control Server is available to clients in the United States, Canada and Latin America, Galileo said in a Tuesday (July 23) press release. “With CNP fraud on the rise, […]
December 17, 2018
EMVCo, the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it published the EMV 3-D Secure Protocol and Core Functions Specification...
