Emerging Forms of Payments Fraud and How to Tackle Them

In the first half of 2021, the UK lost £753.9 million to fraud, an increase of 30 percent compared to H1 2020, according to the most recent report by UK Finance. The report also revealed that banks using more advanced security systems were able to prevent an additional £736 million from being stolen.

The Human Element of Risk: Why Collaboration is the Key to Stopping Fraud

As we slowly move back into a sense of normality, we are hearing "sorry, I was on mute” a little less, and "so good to see you,” a little more. Despite this, fraudsters have seen the pandemic as an opportunity to find new ways of scamming consumers and businesses, as we have found new ways to pay. It is important to reflect on how far we have come, but also how far we have left in the fight against fraud.

10 Cybersecurity Predictions for 2022

While many are making their resolutions for the upcoming year, organizations of all types must resolve to increase their cybersecurity and vigilance in the face of new and expanding threats. Here are my top 10 cybersecurity predictions for the new year.

The Current Challenges of Buy Now, Pay Later

By now, everyone has either heard about, considered using or indeed fully adopted one or more of the BNPL payment methods available to consumers. Its meteoric rise as a prominent payment method is nothing short of spectacular, but as with anything new, there is room for improvement. In this post, we look at some of the challenges BNPL has in its current format.

Billing and Payment Experts Share Their Top Two Predictions for ‘22

With just a few days left in 2021, many consumers (and businesses) are ready to wrap up another challenging year and start fresh in 2022. In the world of bill pay, 2021 certainly sent many waves to billers in all industries in the form of mail delays, staffing challenges, and rising costs.

A Year of PIX in Brazil: What Does the Future of Real-Time Fraud Look Like?

In October 2020, the Central Bank of Brazil introduced PIX, a real-time payments system offering speed and ease of use. PIX was introduced to bring interoperable QR codes to digital wallets 24/7/365, meaning that person-to-person (P2P) payments can be made conveniently and instantly, and that merchants can accept payments without incurring extra acquiring charges. This has been transformational for payments in Brazil.

Why Incremental Learning is a Gamechanger for Payments Fraud

Any innovation that helps merchants outfox fraudsters can’t come soon enough. An innovative, industry-first approach to machine learning, incremental learning represents a step change in fraud prevention. It identifies patterns earlier and more accurately, automating decisions and actions to keep merchants better protected than ever.

New Customer Journeys and Merchant Payments Innovation – Q&A with IKEA Retail and VW Payments

In the past 12-18 months, there has been monumental change in the way that customers interact with merchants, with no sector or vertical left untouched.

Is Fraud Friction Dampening Your Holiday Sales?

Keeping checkout friction low is always an issue for merchants seeking to boost conversion, but even more so during the holiday season, when offers and promotions aim to pull in new customers and drive higher sales.

Ringing Out Against Mobile Fraud

As peak season fast approaches, more people of all ages will be powering up their phones to browse and buy.

Time for Review: What Is Next in the EU Retail Payment Services Legislation?

On October 27, I attended the CEPS ECRI event on “Time for review: EU retail payment services legislation,” which covered the achievements of Directive 2015/2366/EU (PSD2) and the next European policy steps in this regard. The panel was composed of Ms.

Buy Now Pay Later: Taking A Closer Look at Affirm

As we quickly approach the peak shopping season in Europe and North America (Black Friday and Cyber Monday are less than a month away), it’s time to take a closer look at one of the major “Buy Now, Pay Later” (BNPL) players in the United States.