Quick. You just got an urgent email from the president of your company asking you to purchase gift cards for everyone in the office. You need to respond quickly for further instructions and keep it quiet because it’s a surprise.
Read MoreThe Financial Conduct Authority (FCA) has today published new rules allowing victims of Authorised Push Payment (APP) fraud to complain to the payment services provider (PSP) receiving their payment.
Read MoreCommunication and engagement with members is an essential part of any credit unions’ (CUs’) retention strategy. Recently, though, many CUs have turned to technology-driven solutions to help members more efficiently communicate their needs and feedback. However, their members are not the only ones with whom credit unions must regularly work.
Read MoreComputing power is dirt cheap, thanks to cloud infrastructure.
Read MoreThe first wave of data from this year’s holiday shopping season is in, providing insights into where the biggest fraud threats are likely to originate in the final weeks of the year.
Read MoreAs faster payments and real-time payments emerge in the U.S. financial services market, the vulnerabilities that can lead to fraud are also emerging as widely predicted.
Read MoreAt some point in time, it (became) generally regarded that regulators are behind the financial innovation developments, Teng said. They have been since catching up with this problem.
Read MoreBlockchain’s decentralized technology can enable banks and financial institutions to be more effective in the areas of fraud management and money laundering. Smart contracts hosted on blockchain result in smarter amendments in trade finance at reduced cost. Banks should overhaul legacy systems to adopt or integrate blockchain technology to reap its disruptive benefits.
Read MoreTo counter fraud as the holiday season approaches, Best Buy, Target and Walmart made changes to their gift card programs. The moves were announced by the attorneys general of Pennsylvania and New York, Reuters reported. They also come amid an initiative to take on fraudsters that has run for a year.
Read MorePayment fraud is bad for everyone. For cardholders, payment fraud is an inconvenience and unnecessary expense; it means they must cancel their cards, acquire new ones and sometimes spend hours arguing about certain charges with their card companies.
Read MoreRecently, First Data produced a cybersecurity study that took a look at personally identifiable information. Can you give us a brief overview of this study or survey and what was its main focus? EJ Jackson – Head of Security and Fraud Solutions at First Data
Read MoreDespite switching to EMV cards three years ago, for large US retailers payment card fraud is still a top concern. Now, fraudsters have moved their activities online, a new study by the National Retail Federation (NRF) and Forrester has found. The EMV cards were meant to significantly decrease fraud.
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