The Payments Association

OCTOBER 4, 2024

Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches. The rise of online shopping, contactless payments, and mobile wallets has increased the number of points where fraud can occur.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Clearly Payments

MARCH 22, 2024

Biometric authentication, including fingerprint scanning and facial recognition, provides a highly secure and convenient method for user verification, reducing the risk of fraud and identity theft. Despite these technological advancements, maintaining trust in mobile payment systems also depends on user education and awareness.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

PYMNTS

JANUARY 30, 2020

With a nod toward some of those emerging risks, he pointed to cross-border payments and the different risk profiles held by various countries. “We We also see challenges domestically,” he cautioned, “such as identity theft on bank accounts as well as people signing up, processing and then bolting.

Risk 57

Risk Payment APIs and Integration Payments Cross-Border Payments 57

PYMNTS

MARCH 1, 2019

It’s not enough to say that installment lending is a sure bet as the next big thing — all good payments peeps know there is no such thing as a sure thing. SWIFT : Reaches a tipping point as more than 50 percent of its cross-border payments have been completed using gpi, and marking a year-over-year increase of more than 270 percent.

Finance 63

Finance Identity Theft Push-to-Card Underwriting 63

FICO

JANUARY 22, 2020

Interestingly, nearly half of the respondents (46 percent) are currently only using 1 or 2 of these strategies , potentially leaving them more exposed to attack vectors such as identity theft, account takeovers, cyberattacks. Why try to crack a safe when you can walk in the front door?

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

FICO

MAY 19, 2021

Cross-Border Challenges. While a debt collection agency can use pan-European tracing to locate debtors, there is no pan-EU pact to enforce payment –– and certainly nothing in Africa and the Middle East. 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 Money Laundering Credential 52

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