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Biometrics, Contactless, Cryptocurrency, Cyber Security, Daily news, digital ID, E-Commerce, Fraud & Security, Identity, Identity theft, interoperable ID, M-Commerce, Mobile Banking, Mobile payments, Mobile Remittance, Mobile Wallet, Open Banking, payment fraud, PSD2, Strong Customer Authentication -

Remote and contactless payments popularity with consumers grew during the pandemic, which is prompting the need for a robust digital identity infrastructure in the Payments 4.X era.1 In the connected... read more

The post Digital ID infrastructure is key as payments become transparent appeared first on Payments Cards & Mobile.

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Cyber Security, Daily news, Fraud, Fraud & Security, Identity, payment fraud, Risk & Compliance -

As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike. For the 2021 Fraud Report, Marqeta surveyed 2,000 consumers across the... read more

The post Payment fraud fears grow – 65% of consumers more concerned about fraud appeared first on Payments Cards & Mobile.

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CNP Fraud, Daily news, dynamic PAN, FinTech, Fraud & Security, Issuing & Acquiring, numberless cards, payment fraud, Products, static PAN -

A UK cybersecurity startup, swIDch, has announced an alternative technology to overcome the limitations of numberless cards by using dynamic PANs (primary account number), thereby creating a new security environment in... more

The post Why numberless cards are not enough to tackle payment fraud appeared first on Payments Cards & Mobile.

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Daily news, E-Commerce, e-commerce fraud, e-commerce payment fraud, EMV, Fraud & Security, payment fraud, SCA (Secure Customer Authentication), Strong Customer Authentication -

A new study has found that merchant losses to e-commerce payment fraud will exceed $25 billion in 2024, from just of $17 billion in 2020, despite the ongoing implementation of... more

The post E-commerce payment fraud to exceed $25 billion annually appeared first on Payments Cards & Mobile.

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AI, Artificial Intelligence (AI), Cyber Security, Daily news, Fraud & Security, fraud prevention, Issuing & Acquiring, payment fraud, PSD2, Strong Customer Authentication, Strong Customer Authentication (SCA) -

Payment fraud prevention is an increasingly complicated and constantly evolving business. Issuers and merchants everywhere are being challenged by a growing variety of payment methods, which are fuelling the rise... more

The post Fighting fraud in the 2020s appeared first on Payments Cards & Mobile.

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