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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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banking fraud, Cyber Security, Daily News, Fraud, Fraud & Security, ID fraud, Identity fraud, payment fraud -

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 [...]

The post Stepping up the fight against fraud appeared first on Payments Cards & Mobile.

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