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A new report from consultancy Value Partners and law firm Locke Lord has profiled how this ever-present threat risks undermining commerce, banking and entire economies. Given that fraud is one of the most innovative of industries, with security measures often outdated before they are even adopted, a looming area of vulnerability exists, for example, in the [...]

The post Financial fraud: a protean threat appeared first on Payments Cards & Mobile.

The European Commission is proposing to cap interchange on all consumer debit and credit card transactions, a move which would have a major impact on revenue streams for banks operating in the European Union. However, commercial cards will not be affected. The Commission is proposing a 0.2% ceiling on all consumer debit transactions and a [...]

The post European Commission foolish to propose cap on interchange appeared first on Payments Cards & Mobile.

A report commissioned by MasterCard from Europe Economics in conjunction with Professor Sheri Markose of the University of Essex has assessed the impacts of introducing interchange fee regulation in the UK card market. According to the report, the Spanish and Australian experiences of the regulation of interchange show the transfer of costs from large retailers to [...]

The post Impact of interchange regulation appeared first on Payments Cards & Mobile.

A surprising case study on the usage of payment cards in Iran has highlighted how favourable regulation towards merchants has helped to encourage the uptake of cards in a country where foreign payment providers have found it notoriously difficult to enter.  Electronic banking is on the rise in Iran despite the scarcity of foreign banking [...]

The post Iran – E-payment on the rise appeared first on Payments Cards & Mobile.

The Retail Fraud Survey 2013/14, published by retail consultancy Retail Knowledge, has found that fraudsters do not distinguish between in-store and online in today’s retail environment and nor should loss prevention. Shrinkage could be greatly reduced simply by retailers joining up their approach to fraud. The survey reveals that typically, the head of loss prevention [...]

The post Omni-channel retail needs joined-up approach to fraud appeared first on Payments Cards & Mobile.