Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
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Recent fraud cases in the UK and Singapore have highlighted how disgruntled employees and dishonest managers can use invoicing systems to carryout serious levels of fraud that can threaten the business.
by CTMfile
Most of the world has fully migrated, or is in the process of migrating to EMV Chip and PIN technology for debit and credit payments, according to EMVCo. At 4Q 2011 45% of cards were EMV compliant and 76% of termina
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Globally, 66% of airline merchants are seeing fraud levels stay the same or increase as they lose 1.5% of booking revenue to fraudulent transactions, according to the global Perfect Passenger Payment insights report
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Digicel Pacific Limited, a mobile network operator across the Pacific and a division of Digicel Group, today announced it is deploying biometric enabled payment systems into stores in New Zealand to offer its Digice
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FICO, the analytics company, have found that technology is changing the fraud landscape in Europe. Card fraud has migrated from UK to other countries, notably France and Germany, over the last few years.
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The Securities and Exchange Commission (SEC) in the US has been investigating pharmaceutical companies and other businesses' who had been sending funds to their foreign offices located in Cuba, Iran, Sudan and Syria
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The European Central Bank (ECB) has issued for public consultation new standards to increase the security of internet payments in the European Union.
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Engaging in new business relations can be risky and fraught with problems.
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The 2012 AFP Payments Fraud and Control Survey, sponsored by J.P. Morgan, found that two-thirds of companies were hit by attempted or actual payments fraud during 2011,
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Fraudsters are innovative, persistent and always focus their attention on the easiest point.
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Retail Decisions (ReD) has announced ReD Fraud Alert, a service which enables issuers and merchants to exchange cardholder data and transaction histories to identify suspicious activity.
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This autumn to coincide with the conference season, there were a number of presentations and Press Releases by the banks and corporates progress of eBAM - electronic Bank Account Management.
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J.P. Morgan's subsidiary, Chase Paymentech, has rolled out its Safetech fraud tools in Europe to help protect retailers against online fraud.
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At AFP's Annual Conference in Boston, Guardian Analytics, the US based supplier of a behaviour-based online fraud prevention solution for financial institutions -
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Ernie Caballero's impressive presentation at Eurofinance's International Cash Management conference in Rome entitled 'UPS Europe Treasury - International Cash Management'
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SWIFT launched their personal digital identity solution, SWIFT Secure Signature Key (3SKey), in the Americas.
