Articles with tag: covid

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Silkbank, Visa team up to reduce fraud and false declines

News | Digital Identity, Security & Online Fraud | 14 Jan 2021

Silkbank has partnered with Visa to utilise their ‘Visa Consumer Authentication Service’ (VCAS), which provides the bank risk-based authentication to reduce fraud and false declines through an improved online authentication service.

Silkbank, partnership, Visa, fraud, false declines, COVID-19, coronavirus, pandemic online transactions, security, authentication

Post-pandemic: focus on evolving fraud and cyber strategies – learning from the Wirecard scandal

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Jan 2021

Neira Jones, EPA: 'When I wrote my last post for The Paypers, the world was a very different place. The pandemic has upturned the way we live and the way we do business, and its effects will be lasting, not least the extraordinary surge in adoption of digital services'

Neira Jones, EPA, consumer behaviour, pandemic, COVID-19, Wirecard, deflection, governance, fraud, risk management

How is the ecommerce space influenced by the pandemic?

Voice of the Industry | Digital Identity, Security & Online Fraud | 13 Jan 2021

Kevin J. Sprake, The Fraud Practice: 'It is difficult to put history into words, especially as we are living through it, but the pandemic has influenced ecommerce in a way that will change how we think about everything going forward'

Kevin J. Sprake, The Fraud Practice, ecommerce, pandemic, coronavirus, COVID-19, fraud, risk mitigation, omnichannel, fraud prevention, phishing scams, cybersecurity, data breaches, social engineering, chargebacks

Mydin outlets enable payment via ShopeePay

News | Mobile Payments | 12 Jan 2021

Malaysia-based wholesale and retail chain Mydin has announced that its outlets nationwide will accept payment via ShopeePay.

Mydin, retail, Malaysia, ShopeePay, mobile payments, contactless payments, COVID-19, pandemic, cashback

Experian identifies synthetic identities and COVID scams as fraud trends in 2021

News | Digital Identity, Security & Online Fraud | 12 Jan 2021

Experian has unveiled a Future of Fraud Forecast, which identifies five of the biggest threats that businesses should expect to face in 2021, Find Biometric reports. 

Experian, synthetic identities, COVID-19, pandemic, coronavirus, scams, fraud predictions, product launch, account takeover, identity fraud, phishing attacks, security

SEON's cross-sector report shows how fraud has changed during COVID-19

News | Digital Identity, Security & Online Fraud | 11 Jan 2021

SEON has announced the release of its Fraud Prevention During a Pandemic – SEON Sector Report, which delves into how fraud prevention has changed during COVID-19. 

SEON, report, cross-sector, fraud, COVID-19, coronavirus, pandemic, organised crime, friendly fraud, banks, transactions

COVID brings an explosion in ecommerce, but high volume of stalled carts causes concern

Voice of the Industry | Digital Identity, Security & Online Fraud | 11 Jan 2021

Gerhard Oosthuizen, CTO at Entersekt, shares with The Paypers key takeaways on understanding and solving ecommerce’s biggest obstacles in the COVID-19 era

Gerhard Oosthuizen, Entersekt, ecommerce, COVID-19, pandemic, abandoned carts, cart abandonment, tokenization, 3-D Secure, FIDO2, Click to Pay, EMVCo

EIB Group, BNP Paribas to support French companies facing the consequences of the COVID-19 crisis

News | Payments General | 08 Jan 2021

The EIB Group and BNP Paribas have signed a synthetic securitisation to support French SMEs and mid-caps hit by the consequences of an unprecedented pandemic crisis.

EIB Group, banking, loan, COVID-19, SMEs, BNP Paribas, France

Luxury brand Desigual expands its online presence in India through Tata CLiQ Luxury

News | Ecommerce | 07 Jan 2021

Spain-based fashion label Desigual has announced its launch on Indian lifestyle platform Tata Cliq Luxury to expand its presence in the country.

Desigual, launch, India, Tata Cliq Luxury, COVID-19, pandemic, ecommerce, shopping experience

Greece-based bank loans subject to COVID-19 repayment relief hit USD 37 bln in 2020

News | Payments General | 06 Jan 2021

Greece-based banks have deferred repayments on USD 36.85 billion worth of loans in 2020 to help borrowers cope with the financial fallout of the COVID-19 pandemic, according to Yahoo Finance.

Greece, bank, loans, COVID-19, repayment, borrower, pandemic, European Banking Authority

China's share of the global luxury market nearly doubled in 2020

News | Ecommerce | 06 Jan 2021

A report by Bain and Company and Tmall Luxury Division has revealed that China’s share of the global luxury market nearly doubled in 2020.

Bain and Company, Tmall Luxury Division, report, research, China, global luxury market, Millennials, Gen Z, pandemic, COVID-19, online shopping behaviour

Dada Group leads in one-hour delivery as Chinese ecommerce grows

News | Ecommerce | 05 Jan 2021

Dada Group, a China-based on-demand delivery and retail platform, has launched a one-hour delivery offering to customers across China.

Dada Group, China, on-demand delivery, retail platform, ecommerce, launch, one-hour delivery, pandemic, COVID-19, coronavirus

Corporate spending to power commercial prepaid growth in 2021-2024

News | Online Payments | 05 Jan 2021

Mercator Advisory Group has released a report that sizes up the US and Canadian prepaid share and growth, taking into account the effect of the pandemic.

Mercator Advisory Group, research, report, US, Canadia, prepaid, pandemic, COVID-19, payment methods, prepaid cards, digital payments, payroll, ecommerce

South Koreans to order food via bank apps in 2021

News | Online & Mobile Banking | 04 Jan 2021

South Korea’s top financial regulator has announced lenient regulations in 2021 to foster convergence between finance and new technologies, according to The Korea Herald.

South Korea, bank, app, banking, food order, FSC, open banking, financial institutions, COVID-19

EIB, Banque Misr to help Egypt-based SMEs post-COVID-19

News | E-invoicing, SCF & E-procurement | 04 Jan 2021

The European Investment Bank has provided Banque Misr with a EUR 425 million credit line to support Egypt-based SMEs to recover from the coronavirus pandemic.

EIB, Banque Misr, Egypt, SME, COVID-19, credit line, coronavirus, pandemic, European Investment Bank, lending, bank

Alesha Mart launches ecommerce business

News | Ecommerce | 04 Jan 2021

Alesha Mart has launched an ecommerce website to offer India-based customers a faster delivery and a wide selection of products and services.

Alesha Mart, launch, ecommerce, India, pandemic, COVID-19, home delivery, online shopping, shopping experience

Nearly 26,000 Shopify stores are related to fraudulent practices, Fakespot says

News | Digital Identity, Security & Online Fraud | 23 Dec 2020

Analysis by ecommerce authentication service Fakespot have found that nearly 21% of Shopify stores pose a risk to their customers.

Shopify, fraudsters, risks, Fakespot, report, COVID-19, coronavirus, pandemic, transactions, sellers, violations, fraud

Italians sign up to 'cashback' card payment scheme despite objections, Reuters

News | Cards | 23 Dec 2020

In an attempt by Rome to curb tax evasion and help retailers hit by COVID-19 restrictions, Italians have signed up for a local ‘cashback’ card payment scheme.

tax evasion, cash back, Covid-19, retailers, digital payments, Italy, retailers, merchants, card payments

Liberis raises GBP 70 mln for SME financing

News | E-invoicing, SCF & E-procurement | 22 Dec 2020

Global embedded business finance platform Liberis has secured GBP 70 million in financing from British Business Investments, Paragon Bank, BCI Europe, and Silicon Valley Bank (SVB)

Liberis, financing, SME, embedded business finance, platform, UK, COVID-19, small business, cash flow, bank, lender, CBILS

How countries transform into cashless societies in the aftermath of the COVID-19 crisis

Voice of the Industry | Online Payments | 22 Dec 2020

Siska Melinda, Associate at Frost & Sullivan, shares insights on how COVID-19 streamlined digital payment adoption in Asia–Pacific in 2020, transforming countries into cashless societies

Siska Melinda, Frost & Sullivan, COVID-19, digital payment, payment solutions, payments service providers, ecommerce, e-wallet, Asia–Pacific, mobile payment, consumer behaviour, BNPL