Clearly Payments

JANUARY 8, 2024

Here are some key types of risks that merchants should be mindful of in payment processing: Fraud Risk: Fraud risk involves unauthorized or deceptive activities aimed at exploiting the payment system for financial gain. This can include stolen credit card information, identity theft, or fraudulent transactions.

Risk Management 97

Risk Management Risk PCI DSS Process 97

FICO

MAY 19, 2021

Traditional third-party fraud entails some form of impersonation, whether through stolen card credentials or someone taking over your identity. In this scheme, criminal gangs have zeroed in on out-of-country students to buy their identity credentials and bank accounts as they leave to return to their home countries.

Cross-Border 52

Cross-Border Crime Money Laundering Credential 52

FICO

MAY 19, 2021

Traditional third-party fraud entails some form of impersonation or stolen identity, whether through stolen card credentials or someone taking over your identity. Cross-border fraud is also exacerbated in the UK, EU and Middle East by a lack of cross-border credit bureau facilities.

Cross-Border 52

Cross-Border Crime Credential Money Laundering 52

PYMNTS

MAY 5, 2017

The growth in digital payment fraud comes as activity has moved away from card-present transactions in an ecosystem protected by EMV authentication standards. The DoJ has since charged the man with one count of money wire fraud, three counts of money laundering and one count of aggravated identity theft.

Breach 45

Breach Business Email Compromise Data Breach Cybersecurity 45