Articles with tag: fraud

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Paytm to issue 2 mln credit cards

19 Oct 2020 | Cards

Paytm had announced that it will be partnering with various card issuers to launch co-branded credit cards.

Paytm, card issuers, launch, co-branded, credit cards, insurance protection, fraudulent transactions, international transactions, reward points

Goodbye passwords, passwordless authentication is here to stay

19 Oct 2020 | Digital Identity, Security & Online Fraud

By 2022, Gartner predicts that 60% of large and global enterprises, along with 90% of mid-size enterprises, will implement passwordless authentication methods in over 50% of use cases, up from 5% in 2018, Srividya Sunderamurthy from Vesta debates.

Srividya Sunderamurthy, Vesta, AML, account takeover, ecommerce, fraud, PII, phishing, credential stuffing, data breaches, merchants, authentication

SEON partners with DevCode Identity to help keep fraudsters out

16 Oct 2020 | Digital Identity, Security & Online Fraud

SEON has partnered with DevCode Identity to help iGaming companies prevent fraudsters from signing up during the customer onboarding process.

SEON, DevCode Identity, iGaming, fraudsters, customer onboarding, fraud prevention, digital footprints, merchants, KYC, regulatory sanctions

20 arrests in QQAAZZ multi-million money laundering case

16 Oct 2020 | Digital Identity, Security & Online Fraud

20 individuals suspected of belonging to the QQAAZZ criminal network which attempted to launder tens of millions of euros on behalf of the world’s foremost cybercriminals have been arrested.

cybercriminals, Europol, fraud prevention, bank accounts, money laundering, cryptocurrency, banks, QQAAZZ, tumbling services

Ekata introduces Account Opening API

15 Oct 2020 | Digital Identity, Security & Online Fraud

Ekata has introduced the Account Opening API, designed to take action on high-risk accounts to mitigate losses from synthetic identity fraud.

Ekata, account opening, API, fraud prevention, customer onboarding

Boku, Digi to launch mobile identity services for fraud protection in Malaysia

15 Oct 2020 | Digital Identity, Security & Online Fraud

Boku, a UK-based mobile payments and identity solutions provider, has teamed up with Malaysia-based telco provider Digi Telecommunications to protect mobile users against digital fraud.

Boku, Digi, Malaysia, identity, fraud prevention

EBA aims to revise Guidelines on major incident reporting under PSD2

15 Oct 2020 | Ecommerce

The European Banking Authority (EBA) has launched a public consultation that proposes revising the Guidelines on major incident reporting under the Payment Service Directive (PSD2).

European Banking Authority, EBA, PSD2, PSP, reporting, security breaches, payments, reporting, fraud prevention, Europe, merchants

FIMBank, Fiserv partner for strengthening financial crime risk management

14 Oct 2020 | Digital Identity, Security & Online Fraud

Malta-based FIMBank has partnered with fintech Fiserv to enhance its financial crime risk management (FCRM) capabilities.

FIMBank, Fiserv, financial crime, risk management, FCRM, fintech, Malta, bank, regulatory requirements, fraud, FIMBank Group, AML, internal fraud support, AML Risk Manager, Watch List Manager, KYC, customer risk, risk scoring, transaction monitoring, SWIFT

COVID-19 driving an acceleration in adoption of identity verification

14 Oct 2020 | Digital Identity, Security & Online Fraud

A new research from Trulioo has found that 72% of online marketplaces have increased their adoption of ID verification technology as a direct consequence of COVID-19.

Trulioo, research, online marketplaces, ID verification, COVID-19, digital services, fraud, security risks, account creation, UK, US, cyber-crime,

How to future proof your B2B payments stack in a digital transformation era

14 Oct 2020 | Payments General

Digital transformation = B2C/B2B payments + ecommerce + payments platform + Big Data + IoT + APIs + automation => future of payments

Lori London, Worldpay, B2B payments, payments digitalisation, ecommerce, ERP, AP, automation, cross-border payments, cash cycle, fraud prevention

Sift introduces updates to Sift Connect

14 Oct 2020 | Digital Identity, Security & Online Fraud

US-based digital trust and safety company Sift has announced several new integrations and additions to Sift Connect, the company’s ecosystem of open APIs and connectors.

Sift, digital trust, safety, Sift Connect, API, PSP, integrations, fraud prevention, open API, open banking, chargeback data, digital trust, United States, US, North America, chargeback management

Veriff launches barcode reading feature for documents

13 Oct 2020 | Digital Identity, Security & Online Fraud

Veriff, an identity verification company, has launched new technology that can read barcode information from an identity document.

identity verification, document verification, id, digital identity, barcode, fraud prevention, security

Four ways analysing digital behaviour can improve account opening fraud detection

13 Oct 2020 | Digital Identity, Security & Online Fraud

Ayelet Biger-Levin, VP of Product Marketing at BioCatch, allows us to gain insight over how account opening fraud can be detected and/or avoided through studying digital behaviours

BioCatch, behavioural biometrics, fraud, account opening, fraud detection, digital behaviour, financial institutions, pandemic, fraud attacks, digital onboarding, fraud risk

Uganda-based police hunt for mobile money hackers

12 Oct 2020 | Digital Identity, Security & Online Fraud

The Uganda-based police force has begun searching for hackers who accessed the systems of a third party that processes phone-based transactions.

Uganda, mobile money, hackers, fraudsters, third party, phone-based transactions, MTN Group, Standard Bank, mobile-money systems, Criminal Investigation Department, Bloomberg, utility bills, payments, cell phone

Acuant's facial recognition software receives iBeta compliance

12 Oct 2020 | Digital Identity, Security & Online Fraud

US-based provider of identity verification Acuant has announced that its FaceID tool has received PAD Level 1 and Level 2 compliance by iBeta, by ISO/IEC 30107-3 standards.

Acuant, identity verification, digital identity, fraud prevention, FaceID, PAD Level 1, PAD Level 2 compliance, iBeta compliance, ISO/IEC 30107-3 standard, US, United States, Acuant FaceID Standard, FaceID Government, biometric facial recognition

Behavioural biometrics: The missing ingredient in 3-D Secure fraud detection

12 Oct 2020 | Digital Identity, Security & Online Fraud

Tim Ayling, VP EMEA, buguroo, discusses the benefits of cyber profile-based customer authentication to block fraudulent card-not-present ecommerce transactions

Tim Ayling, buguroo, 3-D Secure, 3DS, authentication, CNP, ecommerce, fraud, biometrics, safety, security, cybersecurity, transactions, data, card, card fraud, verification

Interview with Rebekah Moody, LexisNexis® Risk Solutions on cybercrime trends amid COVID-19

12 Oct 2020 | Digital Identity, Security & Online Fraud

Rebekah Moody, Market Planning Director, Fraud & Identity, LexisNexis Risk Solutions shares with The Paypers what were the main fraud trends that the team has seen from analysis of the LexisNexis® Risk Solutions Digital Identity Network® between January and June 2020

LexisNexis Risk Solutions, Rebekah Moody, fraud, cybercrime, Digital Identity Network, Cybercrime Report, automated bot attacks, EMEA, customer journey, COVID-19, digital banking,

Akurateco launches PCI DSS solution Merchant ZeroRisk

09 Oct 2020 | Digital Identity, Security & Online Fraud

Akurateco, a white-label payment provider, has announced the launch of a new service - Merchant ZeroRisk.

Akurateco, PCI compliance, Merchant ZeroRisk, fraud prevention, risk management

UK-based taxpayers face GBP 26 bln loss due to BBLS fraud and defaults

08 Oct 2020 | Digital Identity, Security & Online Fraud

The National Audit Office (NAO) has raised concerns that taxpayers might lose up to GBP 26 billion due to fraud and defaults on the Bounce Back Loan Scheme (BBLS).

UK, taxpayers, BBLS, fraud, defaults, National Audit Office, NAO, Bounce Back, Loan Scheme, Starling Bank, Tide, covid-19, small businesses, fintechs, sole trader business accounts

Blocklete Games to receive cryptocurrency payments via BitPay

07 Oct 2020 | Cryptocurrencies

Crypto payment services provider BitPay has announced that Turner Sports' blockchain-based videogaming experience Blocklete Games is accepting cryptocurrency as a form of payment. 

Blocklete Games, Bitpay, crypto payments, cryptocurrency, blockchain, blockchain gaming, payments, digital payments, digital golf game, Blocklete Golf, digital golfer, digital athletes, Bitcoin, Bitcoin Cash, XRP, ETH, stablecoins, USDC, GUSD, PAX, BUSD, fraud, chargeback