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Killer devices to hacked fingerprints: 17 financial crime trends for 2017
If the world seemed dangerous from a financial crime perspective last year, analytics firm FICO predict an even more challenging 2017. In a new paper, four of the leaders in the company’s fraud and financial crime group laid out 17 predictions, ranging from killer devices in the home to hacked fingerprints. Some of the biggest [...]
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Mastercard Periodic Table of Payment Elements
The payments industry is ever-evolving and, with it, the terminology used to describe it. With the Mastercard PERIODIC TABLE OF PAYMENTS, you don’t have to be a financial genius to understand the complex bonds between payments and technology.
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Why IoT is the fastest growing retail trend of 2017
A recent Gartner survey estimated that by 2020, the number of connected objects will increase by 30 times current levels, making IoT (Internet of Things) a huge untapped opportunity for retailers which simply can’t be ignored. As a result, 2017 will see retailers either jumping on the IoT bandwagon or risk being left behind. Soon we [...]
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The EBA relents on PSD2 authentication, but is it enough?
The European Banking Authority says it will relax its proposed (preposterous) PSD2 rules on a requirement for strong customer authentication for all payments under €10, after receiving a huge number of complaints from industry participants who claimed that the mandate would lead to more declined transactions and abandoned purchases at the checkout. In a speech in London [...]
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UK consumers do not trust businesses to protect financial and payments data
More than half of UK consumers are concerned about the ability of businesses and financial institutions to protect financial and payments data, with 19% of respondents saying they do not trust firms to protect their data and 33% saying they are unsure, according to a new global report from ACI Worldwide and Aite Group. Confidence levels [...]
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