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MTN Uganda clarifies mobile money fraud rumours
MTN Uganda has been forced to call a press conference, with high-ranking executives from both MTN and Stanbic. Stanbic bank’s Managing Director, Patrick Mweheire, opened by explaining that the briefing was being held at Stanbic to show more significance to the fact that MTN does not create – or keep – any of the money from the MTN [...]
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Alibaba unveils facial recognition payment tech
Chinese e-commerce player Alibaba is developing facial recognition technology enabling mobile shoppers to replace their passwords with photos of their faces. According to Alibaba chairman Jack Ma, such biometric technology will replace the use of passwords when buying online. The technology will work by users scanning their faces with their phone handset’s camera in order [...]
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Changing fraud trends – and how to stay ahead of them
The recent Card Fraud Report from Payments Cards & Mobile and Alaric, an NCR business, highlights the way that card fraud is always changing. In this webinar, David Divitt from Alaric will highlight some of the key findings from the report, and give examples how financial intuitions around the world are winning the battle against [...]
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Relentless rise of ID fraud
Experian has revealed that fraud detection rates have increased during the past year*, with around 50 frauds now being detected per 10,000 cases during Q4 2014 – compared to 40 frauds detected per 10,000 cases in Q4 2013. Experian’s annual fraud report also reveals a marked shift in the level of third-party or identity theft – when [...]
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80% of global merchantsfail PCI DDS compliance test
Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards (PCI DSS), putting them at increased risk of cyber attacks, according to a new report by Verizon Communications Inc. Businesses must be vigilant in maintaining security to remain compliant with [...]
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