Skip to content
Cyber Security RSS
Fighting fraud: people’s attitudes towards the use of payments data
We live in a world with a transactional data landscape. Every minute of every day, simply by going about our normal day-to-day activities, we are generating information through the payments that we make. In the UK, the amount of data created amounts to 11 billion yearly transactions and a total annual payments value of £6trn. [...]
The post Fighting fraud: people’s attitudes towards the use of payments data appeared first on Payments Cards & Mobile.
New EMV chip cards will lead to significant increase in CNP fraud
As the dreaded Black Friday draws nearer, iovation is predicting a significant increase in CNP fraud – fraudulent transactions where a credit card is not physically presented to a merchant... more
The post New EMV chip cards will lead to significant increase in CNP fraud appeared first on Payments Cards & Mobile.
New EMV chip cards will lead to significant increase in CNP fraud
As the dreaded Black Friday draws nearer, iovation is predicting a significant increase in CNP fraud – fraudulent transactions where a credit card is not physically presented to a merchant – from Black Friday to Cyber Monday when compared to past years. iovation attributes the anticipated rise in fraud to the recent shift from consumers [...]
The post New EMV chip cards will lead to significant increase in CNP fraud appeared first on Payments Cards & Mobile.
Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market
The European Banking Authority (EBA) has brought forward proposals for how it will implement what is called strong customer authentication (SCA). Visa has warned that new European rules on e-commerce threaten to seriously disrupt online shopping and cause inconvenience for consumers. The plans include a “one size fits all” approach where every online transaction over [...]
The post Visa hits out at EBA plans for strong customer authentication set to ruin UK e-commerce market appeared first on Payments Cards & Mobile.
Is the customer the weakest link in risk evaluation of mobile financial services?
Human fallibility is now one of the biggest risks that banks and financial institutions must manage in mobile financial services (MFS), according to a new report from the Risk Mitigation Workgroup of global industry association Mobey Forum. The Risk Review: Mobey Forum’s Guide to Risk Management in Mobile Financial Services contends that, in addition to [...]
The post Is the customer the weakest link in risk evaluation of mobile financial services? appeared first on Payments Cards & Mobile.
