One of the biggest sources of fraud in most organisations is payment fraud. Typically the biggest sources of payment fraud are from: cheques particularly in accounts payable and disbursement accounts.…
Read moreby Kylene Casanova
Overall card fraud grew 6% in 2012. France now has the highest share of card fraud in Europe with 29% of regions losses, even higher than the UK (27%). Russia is growing the fastest - 2012 level is three times 2010
by Kylene Casanova
Last year, a U.S. district court dismissed BancorpSouth's countersuit of former customer Choice Escrow and Land Title LLC for costs related to a 2010 fraud case. Choice Escrow initially sued the
by Kylene Casanova
The Financial Services Club meets in the London once a month to listen to interesting characters and personalities in the financial services business.
by Kylene Casanova
The UKCards Association figures for fraud in the UK in 2012 show that:
by Kylene Casanova
Europol has published the 'Situation Report on Payment Card Fraud in the European Union' which offers a detailed examination of the EU's credit and debit card fraud position.
by Kylene Casanova
In a session at last week's 2012 Global Payments Strategies Conference, experts discussed the enormous task that U.S. corporates and banks face as they slowly migrate to EMV. Examining the move to EMV in Canada, the
by Kylene Casanova
Fraud in payment systems is growing inexorably. Although, fraud as a percentage of the total value of payments processed may be dropping but globally, gross overall fraud is growing. Two recent developments in fraud
by Kylene Casanova
Symantec, the US-based security software developer, has unveiled five most important security issues they expect to appear in 2013:
by Kylene Casanova
n his excellent article in WIRED (http://www.wired.com/gadgetlab/2012/11/ff-mat-honan-password-hacker/), Mat Honan described how his digital life was deleted by hackers who used his Apple account to wipe every one o
by Kylene Casanova
ACL announced today the launch of ACL™ Importer, an ACL™ Desktop 9.3 add-on that harnesses the proven capabilities of Datawatch Monarch™ from Datawatch, a leading provider of information optimization software. ACL I
by 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
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
Guardian Analytics, a US behavioural analytics fraud prevention software developer, have added a new ACH module to FraudMAP.
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
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 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
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
J.P. Morgan's subsidiary, Chase Paymentech, has rolled out its Safetech fraud tools in Europe to help protect retailers against online fraud.
