REGISTER

email 14 48

Payment Security

The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.

200 days on from the mandatory introduction of Strong Customer Authentication (SCA) in the UK, 73% of retailers have seen online payment fraud decline, according to data from Barclaycard Payments.

The Federal Reserve is to delay the implementation of the new ISO 20022 payment messaging format by two years to 2025.

Source: Marqeta

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced its new RiskControl solution, a comprehensive product suite to help its customers better optimize their card programs and take control of end-to-end risk management.

Source: Capgemini

New payment methods (instant payments, e-money, mobile and digital wallets, account-to-account, QR codes) are leading the charge with consumers, but the looming threat of recession and growing inflation rates coupled with continuing geopolitical issues, is posing a whole host of new challenges.

US-based Flagstar Bank has suffered a data breach that has hit over 1.5 million customers.

Source: Worldpay

The UK’s e-commerce market, already the world's third largest, is forecast to grow by nearly 26 percent through 2025 to reach over £260 billion in transaction value, according to a new report released today from financial technology leader FIS® (NYSE: FIS).

Source: Paytm Labs

Paytm Labs, the advanced R&D division of fintech giant Paytm, has launched Pi, an ML-powered fraud risk management (FRM) platform designed for fintechs, banks and eCommerce marketplaces with high transaction volumes.

Source: Marqeta

Marqeta, the global modern card issuing platform, has today released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise.

Mastercard and Visa have blocked multiple financial institutions from their payment networks in response to Russia's invasion of Ukraine.

Source: CellPoint Digital

CellPoint Digital, the global leader in payment orchestration, today announces it has teamed up with Cybersource, a Visa solution and a recognized worldwide leader in payments management, to provide merchants with a holistic solution for fraud management capable of aggregating transaction data across multiple acquirers.

Nationwide Building Society says that the introduction of Strong Customer Authentication (SCA) rules in March is helping it stop 2000 cases of online card fraud a month.

Discussing Q4 earnings with analysts, PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad actors” took advantage of incentives and rewards programmes, resulting in shares falling by 25%, according to Bloomberg.

MetricStream TPRM

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

Log in

Please Login to download this file

Username *
Password *
Remember Me

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

CyberBanner

MetricStream TPRM

CyberBanner

CyberBanner

Go to top