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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.
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.
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 UK financial services industry was responsible for stopping a total of £910 million worth of attempted card, cheque and online and telephone banking fraud in the first half of 2015, new figures have revealed. This is the first time that Financial Fraud Action UK has published the value of prevented fraud. It found that bank [...]