Payment card fraud: growing again in UK and US as fraudsters turn to other methods. Use these fraud
by Kylene Casanova
The UKCards Association figures for fraud in the UK in 2012 show that:
Minimizing Payment Fraud
Background
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 moreEU payment card fraud down, but it still costs €1.5 billion/year. Continued vigilance needed
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.
Risks and benefits of EMV chip standards migration in Canada and implications for the USA
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
New ID verification systems and real-time transaction checking is the future for fraud prevention
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
Corporate treasury departments at increased risk according to Symantec’s top 5 security and fr
by Kylene Casanova
Symantec, the US-based security software developer, has unveiled five most important security issues they expect to appear in 2013:
Kill the Password: Why a String of Characters Can’t Protect Us Anymore AND what to do about it
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
ACL launches ACL™ Importer which allows users to access, analyze, and extract data trapped in static
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
Token verification will be everywhere, e.g. Standard Chartered Singapore embeds security tokens in c
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
AFP annual payments and fraud control survey showed that in 2011 two-thirds of organizations experie
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.
Visa to launch Visa Merchant Data Secure cardholder data encryption service
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
Guardian Analytics launches behaviour-based fraud prevention service for ACH transactions
by Kylene Casanova
Guardian Analytics, a US behavioural analytics fraud prevention software developer, have added a new ACH module to FraudMAP.
Use a smartphone to verify online purchases
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
EMV Chip and PIN is finally coming to the USA and the consequences are…
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
1.5% of airline online booking revenue lost to fraud. Customers happy to accept a robust screening w
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
Digicel launches biometric identification system for international money transfers
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
Europe card fraud peaked in 2008. Now landscape is changing with migration to Germany & France f
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.
Warning: European Central Bank issues draft recommendations to increase internet payment security. I
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.
Large companies and their corporate payments systems remain the prime targets for fraudsters, accord
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,
Global fraud levels on increase and still migrating to softer points. Shows need for constant attent
by Kylene Casanova
Fraudsters are innovative, persistent and always focus their attention on the easiest point.
New fraud service could cut payment card chargebacks by 43%
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.
J.P. Morgan rolls out Safetech fraud tools in Europe
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.
UPS enhanced controls & fraud risk reduction tactics: 2004-2011
by Kylene Casanova
Ernie Caballero's impressive presentation at Eurofinance's International Cash Management conference in Rome entitled 'UPS Europe Treasury - International Cash Management'