Collaborate Disseminate
Fraudsters can add stolen payment cards to digital wallet apps and continue making online purchases even after victims’ report the card stolen and the bank blocks it, computer engineers with University of Massachusetts Amherst and Pennsylvania St… Continue reading Stolen, locked payment cards can be used with digital wallet apps
The fintech market is undergoing a rapid shift, with the rise of new technologies, such as Open Finance, generative AI and A2A (Account-to-Account) payments having a major impact on business models, according to Juniper Research. This is combined with … Continue reading Rising fintech trends for 2024: From A2A payments to GenAI in banking
The PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN Entry on COTS (SPoC) and PC… Continue reading PCI SSC publishes new standard for mobile payment acceptance solutions
The number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020, a Juniper Research study reveals. This rapid growth of 120% demonstrates how widespread facial recognit… Continue reading Number of users of software-based facial recognition for payments to surge
RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse attacks. The report features insights from Q4 and full year 2020 data collected whi… Continue reading Payment transaction volume using 3-D Secure protocol grows globally
Driven by the pandemic, many consumers rely on mobile apps to buy everything from daily essentials to holiday gifts. However, according to a recent analysis, there are some alarming security concerns among some of the top 50 Android retail mobile apps…. Continue reading As holiday mobile commerce breaks records, retail apps display security red flags
There’s a 1% decrease in suspected online retail fraud worldwide during the start of the 2020 holiday shopping season compared to the same period in 2019, a 59% increase from the same period in 2018 and a 14% increase from all of 2020 so far, Tra… Continue reading Holiday shopping season fraud stats revealed
The PCI Security Standards Council has updated the standard for payment devices to enable stronger protections for cardholder data. Meeting the accelerating changes of payment device technology The PCI PIN Transaction Security (PTS) Point-of-Interactio… Continue reading PCI SSC updates standard for payment devices to protect cardholder data
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for the majority of banks. FICO recently conducted a survey with banks in the reg… Continue reading More authentication and identity tech needed with fraud expected to increase
A new report from Juniper Research found that facial recognition hardware, such as Face ID on recent iPhones, will be the fastest growing form of smartphone biometric hardware. This means it will reach over 800 million in 2024, compared to an estimated… Continue reading Facial recognition hardware to reach over 800 million devices by 2024