Card fraud

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/Card fraud

FSV Payment Systems rolls out Enacomm fraud control module

FSV Payment Systems, a U.S. Bank wholly-owned subsidiary and a leader in prepaid program management and processing services, is now utilizing Enacomm’s ViA® Fraud Control Module to effectively handle suspicious caller activity, the companies today announced at Money20/20.

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Machine learning fraud detection systems could save card issuers and banks $12 billion annually

Adaptive behavioural analytics software reduces ‘genuine transactions declined’ by over 70% and incidence of undetected fraud by 25%

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NetGuardians and BehavioSec forge fraud protection partnership

Swiss-based NetGuardians and Sweden’s BehavioSec are joining forces to leverage their complementary technologies to provide complete fraud protection to financial institutions – and their clients – around the world.

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Nearly 1 in 3 consumers victimised by card fraud

Thirty percent of consumers globally have experienced card fraud in the past five years, according to new global benchmark data from ACI Worldwide (NASDAQ: ACIW) and Aite Group.

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ABA endorses Rippleshot card compromise detection programme

The American Bankers Association – through its subsidiary Corporation for American Banking – has announced its endorsement of a unique card compromise detection tool, Rippleshot Sonar, offered by the Chicago-based company Rippleshot.

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Fraud specialist Ravelin scores PCI DSS certification

Ravelin, UK-based fraud specialists has today announced they have secured Payment Card Industry Data Security Standard (PCI DSS) certification as they continue to bring together the latest technologies for fraud detection.

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Financial Services industry losing £165 million in invoice fraud

Businesses in financial services (FS) are losing more than £165 million in invoice fraud every year.

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Card skimming losses continue to rise outside Europe

The European ATM Security Team (EAST) has reported that skimming losses relating to the usage of stolen European card data outside Europe have risen to the highest level seen since 2008.

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UK online retailer Shop Direct uses Fico technology to help prevent fraud

Fico, the predictive analytics and decision management software company, today announced that Shop Direct, the UK's second-largest pure-play online retailer, has had great success fighting multiple types of credit fraud using Fico technology and Fico analytics.

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EAST publishes European ATM fraud update

The European ATM Security Team (EAST) has just published its first European Fraud Update for 2016.

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Ethoca joins with Pegasystems to fight against fraud

Ethoca, the industry standard for collaboration-based technology solutions that help card issuers and online merchants increase card acceptance and stop ecommerce fraud and disputes, today announced a partnership with Pegasystems Inc., (NASDAQ: PEGA), the software company empowering the world’s leading enterprises with strategic business applications.

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Nordea launches enterprise fraud management programme with Fico

Nordea, the largest financial services group in the Nordic and Baltic region, has purchased the FICO Falcon Platform to protect its 11 million customers from credit, debit and current account fraud.

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Heartland and Smart Card Alliance team on payments security training centre

Heartland Payment Systems (NYSE: HPY), one of the nation’s largest payment processors, today announced it has worked with the Smart Card Alliance to launch the National Center for Advanced Payments and Identity Security, a new training facility hosted by the Alliance.

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Experian clocks renewed surge in current account fraud

2015 was the year current account fraud surged and new figures show it is still the most targeted financial product.

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JD Finance choses Experian for fraud protection

JD Finance owned by China’s largest online direct sales company JD, has selected Experian, the global leader in information services as a partner to jointly develop an anti-fraud system for online transactions.

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IBM buys Iris Analytics

IBM (NYSE: IBM) today announced that it has acquired IRIS Analytics, a privately held company specializing in real-time analytics to help combat payment fraud.

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SIA and Inform sign agreement to fight frauds on digital payments

SIA, a company specializing in the management of electronic payments, and INFORM, a leading company in risk management and fraud prevention solutions, have signed an agreement to offer an innovative fraud prevention and risk management service to SIA’s acquiring banks and financial clients across Europe.

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Latest NCR payment suite certified PA-DSS 3.0 compliant

NCR Corporation (NCR), the global leader in consumer transaction technologies, announced today that the NCR Payment Suite, consisting of Authentic and Fractals, has been certified as PA-DSS 3.0 compliant by the PCI Security Standards Council (PCI SSC) – following on from successful certification of earlier versions of the products.

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Payfont raises £1.2 million

In the midst of the current cyber-attacks on firms such as “TalkTalk” and many others, “Payfont”, the Scottish Cybersecurity company have raised a further £1.2m from investors taking their funding to £2.8m since their move to commercialisation in July 2014.

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GPS implements D8 StrongHold for risk management

Global Processing Services FZ LLC (GPS), has implemented D8 StrongHold, a risk-management system, and so extended the services offered within its prepaid processing platform.