Wednesday, September 01, 2010
Much has changed in the two years since PC Pro last covered online banking security in depth. Not least the number of people using internet banking which, according to the UK Payments Administration (formerly known as APACS), hit more than 22 million in 2009. Those numbers make the banks an attractive target for cybercriminals. The UK Cards Association says online banking fraud was up by 14% last year, to a total loss of £59 million.
Sunday, August 08, 2010
It’s the worst kind of surprise. You’re traveling abroad, you head to an ATM for much-needed cash, and the machine rejects the transaction. Suddenly, you’re penniless far from home. Instead of enjoying your travels, you’re forced to waste valuable time untangling the mess.
Wednesday, August 04, 2010
With Wal-Mart recently throwing its weight behind the need for a domestic chip and PIN program and United Nations Federal Credit Union declaring itself the first U.S. EMV card issuer, EMV-based chip cards have recently made stateside headlines. EMV is clearly gaining traction in the U.S., and it wouldn't be surprising if banks soon followed suit in issuing EMV payment cards.
Tuesday, August 03, 2010
A survey commissioned by ACI Worldwide has found that more than 15 percent of Australian credit and debit cardholders have been victims of bank card fraud in the past five years.
Monday, August 02, 2010
As the number of mobile payment offerings continues to multiply, the question emerges: what system is going to be processing and managing all these cell phone transactions? Put another way, on what kind of tracks or rails will this mobile train be running?
Sunday, August 01, 2010
First party fraud is a growing threat for banks. Recent figures from CIFAS reported nearly 16,000 instances of fraudulent misuse of bank accounts in the first five months of 2010. This was one per cent higher than in 2009 and 2009 was 42 per cent higher than 2008 with just 11,000 cases. While this type of fraud may not have been top of the banks’ priority list previously, it is now set to move up the ranks as the potential for financial loss increases.
Thursday, July 01, 2010
Following a recent visit to the Middle East, ACI's president and CEO expressed his views regarding the state of the payments business in this important region and how the recent global economic downturn has affected the view of the Middle East as a strategic market.
Wednesday, June 16, 2010
As eyes are now focused on South Africa for one of the world's largest sporting events, so are fraudsters - taking aim at tourists' credit and debit cards.
Tuesday, June 01, 2010
A recent survey performed by Operational Risk and Regulation ranked ACI Worldwide as the number one provider in the category of Anti-Fraud Software. The survey, which identified the top 20 compliance vendors in the space and asked respondents to rank their top 5 solutions providers across multiple categories, was published in the May 2010 issue.
Tuesday, May 18, 2010
Appeared on Telegraph.co.uk, May 18, 2010 Bank customers who use popular online budgeting tools may be left high and dry if their accounts are emptied by fraudsters.