Latest Card fraud News: Finextra Research

goSwiff opens Dubai office

goSwiff has opened a new office in Dubai, UAE, to accommodate increased client demand for its mobile payment marketing and merchant services in the Middle East and Africa region.

12 May 2015

Company update/Card fraud

17% increase in card fraud losses in Germany - Fico research

New analysis from FICO, the predictive analytics and decision management company, shows that credit card fraud increased last year in Germany.

07 May 2015

Company update/Card fraud

Everlink introduces mobile card block service

Everlink Payment Services Inc. is pleased to introduce its latest fraud management solution – Lock’N’Block™ – a mobile card block service!

29 April 2015

Company update/Card fraud

Carder.su fraud ring member handed 150-month prison sentence

A member of the identity theft and credit card fraud ring known as “Carder.su” was sentenced today to 150 months in federal prison for selling stolen and counterfeit credit cards over the Internet.

10 April 2015

Company update/Card fraud

Early Warning to acquire Authentify

Early Warning, a trusted leader in fraud prevention and risk management, announced today that it has signed a definitive agreement to acquire Authentify Inc.

07 April 2015

Company update/Card fraud

PCI DSS 3.1 update to cover SSL vulnerabilities

The Payment Card Industry (PCI) Security Standards Council has confirmed that its latest Data Security Standard (DSS) 3.1 update, due mid-month, will mandate businesses move away from SSL web encryption because it’s no longer considered strong enough.

02 April 2015

News/Card fraud

CBA unveils Albert tablet payment device

Commmonwealth Bank of Australia (CBA) is making a move into the point-of-sale hardware market, teaming up with German tech firm Wincor Nixdorf and Ideo to launch a seven inch Android-based tablet system dubbed Albert.

31 March 2015

News/Card fraud

Canada's D+H agrees $1.25bn Fundtech acquisition

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

31 March 2015

Company update/Card fraud

Mobile contactless payments added to Vodafone Wallet

Vodafone customers in Europe will be able to add bank cards to their Vodafone digital wallets from Q2 2015, after an agreement with Visa and Carta Worldwide.

30 March 2015

News/Card fraud

UK banks' IT spending to increase - CBI/PwC Report

UK banks’ spending priorities for the next year are focused on improving IT infrastructure and cyber security, according to a report from the CBI and PwC, which also finds a focus on building new digital platforms to remain competitive and respond to changing customer needs.

30 March 2015

News/Card fraud

EBAday attracts titans of transaction banking

More than 850 bankers and treasury professionals from across Europe are expected to descend on Amsterdam in May to hear senior executives from ING, ABN Amro, HSBC, RBS and Deutsche Bank speak at EBAday 2015, the continent's pre-eminent annual payments event.

30 March 2015

News/Card fraud

UK online banking fraud losses soar 48%

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

27 March 2015

News/Card fraud

MasterCard to spend heavily on biometrics and cyber protection

MasterCard says it will invest an additional $20 million in cyber-security measures this year, including biometric protection for mobile apps, and early warning alerts on potential threat vectors.

13 February 2015

News/Card fraud

Himalayan Bank enhances card issuing

Himalayan Bank, a private sector bank in Nepal, has implemented Cryptomathic’s data preparation system, CardInk and OMA Emirates’ personalisation software, NanoPerso, into its production environment to improve issuance across its entire debit and credit card portfolio.

16 December 2014

News/Card fraud

Researchers tap quantum physics for fraud-proof credit cards

Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.

16 December 2014

News/Card fraud

Charge Anywhere breach puts unencrypted card data at risk

US mobile payments outfit Charge Anywhere has admitted that malware has been lurking on its network for five years, putting unencrypted payment card data at risk.

11 December 2014

Company update/Card fraud

HyprKey preps launch of three-factor security biometrics payments platform

HyprKey, the Silicon Alley fintech and cybersecurity startup, announced today that it will soon launch Phase 1 of its biometric mobile payments platform.

10 November 2014

News/Card fraud

Staples investigates data breach; Moscow cleared of JPMorgan hack

Office supply retailer Staples has become the latest firm to reveal that it is investigating a possible data breach that could leave customer payment card details at risk.

21 October 2014

News/Card fraud

Obama signs chip and PIN executive order

US president Barack Obama has signed an executive order mandating the use of chip and PIN technology at executive departments and agencies for card payments.

17 October 2014

News/Card fraud

Crook dumps Target card details on Russian forum

A cyber-crook has uploaded the details of more than five million cards, many of them stolen during the data breach at US retailer Target, to a Russian carding site, says security firm Group-IB.

17 October 2014