Community
A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.
As the owner, you will also give up ownership if you leave this group.
Ron Hynes Chief Executive Officer at Vesta
Delivering a great shopping experience is about more than just the shopping, it's about the paying too. However, today merchants are so hyper-focused on the risk of fraud and attacks, the ease of checkout often suffers, leaving customers frustrated and carts abandoned. Rigorous risk mitigation tools can cause friction in the payment process. Mult...
16 June 2021 /security /payments
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
The experience of lockdown has turned many consumers into a captive but willing audience for streaming entertainment and subscription services. Stuck at home with children or friends and relatives to entertain, consumers may have taken advantage of the large number of free trials on offer throughout the lockdown. These services provided households...
13 August 2020 /payments /covid-19
Brands have been encouraging consumers to move their shopping online for years. As a result of the COVID-19 pandemic, this has happened all at once. Even as lockdowns ease around the world, many stores and outdoor venues will remain closed or running at a reduced capacity. In the meantime, it’s easy to predict that commerce will remain digital-fir...
31 July 2020 /payments /covid-19
Retired Member
On November 21st, a security alert from NCR was issued describing a new form of Transaction Reversal Fraud (TRF) occurring in the UK, typically between 10 PM and midnight on any given day. Contrary to previously reported TRF attacks in which cash is pried from the dispenser after a payment reversal is initiated due to the jamming of the card reade...
26 November 2019 /security /payments
Paul Shumsky Technology Advisor at Entrepreneur
While the use of Blockchain may provide transformative advantages over other technologies in some cases, they are not a panacea and do not magically solve every problem. Many publications, reports, and news articles focus primarily on the ‘pros’ (and occasionally exaggerate the positive impact Blockchain technology can have) without mentioning or ...
27 September 2019 /security
Jackie Barwell Director at ACI Worldwide
The eCommerce industry is continuing its rapid growth and the lines between physical and digital shopping are becoming increasingly blurred. This change in the way consumers conduct purchases is creating a number of challenges for merchants, especially when it comes to customer visibility and fraud prevention. Providing a good customer experience...
20 May 2019 /security /regulation
Sean Neary Senior Product Officer at Featurespace
The finance world may still have concerns after it was revealed that British Airways (BA) was victim to a two-week long hack that resulted in 380,000 payments being compromised in August. And while everyone might be on high alert today for how fraudsters will use this data trove, the real risk may come further down the line. The hackers used “very...
04 October 2018 /ai /security
Mark Goldspink CEO at The ai Corporation
I continue to be surprised by the lack of analysis and focus on operational efficiency when it comes to understanding all aspects of fraud prevention. Organisations spend a lot of time on improvements and removing ambiguity within their teams. It is a constant, ongoing activity, across all businesses. The same needs to be true with fraud, and I be...
27 September 2018 /ai /security
How to select the correct operational option to help your organisation beat fraud By Dr. Mark Goldspink is CEO of The ai Corporation I continue to be surprised by the lack of analysis and focus on operational efficiency when it comes to understanding all aspects of fraud prevention. Organisations spend a lot of time on improvements and removing am...
26 September 2018 /ai /security
Introduction How many of you think that e-commerce is come of age? A friend of mine was telling me how she finds browsing through 80,000 dresses online to find that one perfect dress for a date the most tedious thing to do. And rather prefers to go to one store with 20 limited and options and pick one dress that is the best from among them. The di...
19 July 2018 /ai
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