Banking

June 23, 2022

What is PSD3 Likely to be About? The European Commission’s Public and Targeted Consultations on the Review of Directive 2015/2366/EU (PSD2)

Billers

June 20, 2022

Intelligent Collections Drive Better Experiences for Customers That Are Past Due — And Improve Success Rates

Merchants

June 13, 2022

Decrypting Crypto: Nakamoto’s Bitcoin Vision and What it Means Today for Merchants

Particle of digital data and numbers code

Merchants

June 1, 2022

Incremental Learning: The Real-Time Hero Taking on Fraud

Banking

March 8, 2022

Keeping Pace with Ever-Changing Fraud Patterns in the Digital Era: Introducing Fraud Scoring Services

Consumers demanding faster, more convenient payments led to the rapid adoption of digital wallets and contactless payments.

Banking

February 24, 2022

The EBA Discussion Paper: What Can We Learn About the Review of the PSD2 Content?

Preliminary Observations on Selected Payment Fraud Data Under PSD2 On January 17, 2022, the European Banking Authority (EBA) published a Discussion Paper on its preliminary observations on selected payment fraud data under the PSD2.

Banking

February 22, 2022

Fraud Management for Acquiring Banks: Exceeding Expectations With SCA Exemptions Post-PSD2

Merchants in many markets experienced a decrease in footfall in physical stores across the 2021 holiday period. Although this is usually a busy shopping period in Europe, rising COVID-19 cases and new digital payment methods encouraged consumers to do more shopping online, across more channels and payment types than ever before.

Banking

February 21, 2022

How Westpac New Zealand Fights Fraud with Analytics and Intelligence

Research predicts that the global cost of fraud will reach $40.62 billion by 2027, 25 percent more than the fraud losses in 2020. With banks, PSPs and merchants racing toward real-time payments adoption, they must also acknowledge the increased risk of fraud that it brings, while further reducing the chances of recovering funds.

Banking

February 14, 2022

How does Netflix’s ‘The Tinder Swindler’ Shed Light on the Problem of Social Engineering Scams?

The power to ignite conversation is indisputable for the online streaming service Netflix. First came ‘Tiger King,’ which got the world infatuated with privately-owned big cats in the U.S. Now, we are turning our heads to romance scams with the release of the true crime documentary, ‘The Tinder Swindler.’ Just like that, the streaming service has sparked conversation around how easy it is to unwittingly become a victim of authorized push payment fraud.

Banking

January 13, 2022

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.

Prime Time for Real-Time

Global Payment Trends
As the world adopts real-time payments, how does your market stand to benefit?

Banking

January 6, 2022

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.

Banking

December 10, 2021

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.

Cityscape Against Clear Sky And Light Trails At Night

Banking

October 27, 2021

Four Reasons Banks and Financial Institutions Should Fight Fraud in Real Time

Financial crime and fraud are recurrent problems for banks and intermediaries, causing losses worth billions every year – and these sums are only increasing. It is predicted that the global cost of fraud by 2027 will be USD $40.62 billion dollars, 25 percent higher than the fraud losses in 2020.

Cybercrime

Banking

October 6, 2021

Where Payments Move Freely, Fraud Moves Fast: How to Clamp Down on Real-Time Fraud

Two steps forward and one step back? During the pandemic, real-time payments evolved faster than anybody had foreseen. Implementation in new markets, and adoption in mature markets, continues to rise exponentially. All corners of the financial landscape are adopting these changes.

Subscribing on a smartphone

Banking

September 24, 2021

Fraud Prevention on Subscription Plan: What Makes It an Attractive Model for Banks? [Q&A]

From music and movies to steaks and pet toys, subscription services are everywhere. In the U.S. alone, 69 percent of the population are subscribed to multiple services and 28 percent have at least four.

Metro in motion

Banking

August 13, 2021

How Will Accelerated Adoption of Digital, Real-Time Payments in the U.S. and Beyond Lead to More Fraud?

The payments industry is brimming with experts voicing the predication that the future is digital and real-time. Rooted in consumers’ growing desire for convenience and waning patience, rising demand for digital and real-time payments is inevitable.