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…
Read moreby Kylene Casanova
Standard Chartered Bank's Singapore unit has unveiled a payment card featuring an embedded security token for online transactions to comply with the Association of Banks in Singapore plans to start issuing on-line t
by Kylene Casanova
Although two-thirds of companies experienced attempted or actual payments' fraud in 2011, most organisations did not incur any financial loss due to such fraud.
by Kylene Casanova
Complying with KYC programmes is going to get more and more arduous for corporates. Banks are just going to have be much more rigorous in their Anti-Money Laundering programmes, e.g. HSBC's New York office.
by Kylene Casanova
Visa is to launch a new service in 2013 dubbed Visa Merchant Data Secure in a bid to assist acquirers and their merchants protect payment card data. The brand new service will be available to acquirers and their mer
by Kylene Casanova
The British Retail Consortium (BRC) estimate that the total cost of 'e-crime' to retailers in 2011-12 was at least £205.4 million.
by Kylene Casanova
Guardian Analytics, a US behavioural analytics fraud prevention software developer, have added a new ACH module to FraudMAP.
by Kylene Casanova
A proposal for a Quick Reaction Mechanism (QRM), that would enable Member States to respond more swiftly and efficiently to VAT fraud, was adopted by the Commission today.
by Kylene Casanova
Since March, the South African Social Security Agency (Sassa) has worked with Net1 UEPS Technologies and Grindrod Bank to distribute more than 2.5 million MasterCard cards, which use biometrics to help fight fraud,
by Kylene Casanova
A new solution is coming to verify online purchases more secure. SafePay Solutions, a Canadian authentication based company, has revealed plans to launch a new tool which uses a smartphone to verify online purchases
by Kylene Casanova
London, UK: A recent survey by EuroFinance has revealed that over a third of finance professionals have witnessed serious financial wrongdoing in organisations they have worked in.
by Kylene Casanova
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 Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
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
by Kylene Casanova
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.
by Kylene Casanova
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
by Kylene Casanova
The European Central Bank (ECB) has issued for public consultation new standards to increase the security of internet payments in the European Union.
by Kylene Casanova
Engaging in new business relations can be risky and fraught with problems.
by Kylene Casanova
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,
by Kylene Casanova
Fraudsters are innovative, persistent and always focus their attention on the easiest point.
by Kylene Casanova
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.
by Kylene Casanova
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.
by Kylene Casanova
J.P. Morgan's subsidiary, Chase Paymentech, has rolled out its Safetech fraud tools in Europe to help protect retailers against online fraud.
by Kylene Casanova
At AFP's Annual Conference in Boston, Guardian Analytics, the US based supplier of a behaviour-based online fraud prevention solution for financial institutions -
