In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a series of what it says would be “upgrades” to PSD2. And as has been widely reported, the changes will help...
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,...
The recent discovery by Amsterdam-based cybersecurity firm ThreatFabric that criminals are using Android banking trojans to exploit vulnerabilities in BNPL apps to make fraudulent purchases is a clear indication that more needs to be done to curb the rising fraud threat in the buy now,...
The Nordic countries have been spearheading digital payment innovation for decades and the adoption of electronic identity (eID) documents is no different. However, ensuring the market for eID services is open while maintaining privacy and security for end-users can be a difficult undertaking. To meet...
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 […]
October 05, 2022
The recent discovery by Amsterdam-based cybersecurity firm ThreatFabric that criminals are using Android banking trojans to exploit vulnerabilities in BNPL apps to make fraudulent purchases is a clear indication that...
August 22, 2022
In the context of eCommerce, strong customer authentication (SCA) refers to the steps merchants need to put in place to confirm that the person making a purchase is indeed the...
April 14, 2021
Businesses worldwide are still reeling from the pandemic’s impact, with the travel and hospitality sectors hit harder than most. Some of the most innovative hospitality businesses reported losing as much...
May 23, 2024
Financial services industry initiatives helped drive down fraud losses in the United Kingdom in 2023. Criminals stole about 1.2 billion pounds (about $1.5 billion) through fraud that year — a figure that was down 4% from 2022 — UK Finance, a trade association for the banking and finance industry, said in a Wednesday (May 22) press release. […]
August 17, 2022
Full-stack payments company Checkout.com is rolling out enhancements to its authentication product to help online businesses reduce abandoned carts as evolving strong customer authentication (SCA) requirements kick in across Europe. ...
December 08, 2020
Spreedly announced Tuesday (Dec. 8) in a blog post that clients can now harness the company’s payments orchestration platform as a single way to handle their Strong Customer Authentication (SCA)...
June 18, 2020
Vendorcom wants answers. The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority, the European Union (EU) banking regulator, to provide the 27-nation bloc with...
