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How FIs Can Win The Battle Against ‘Smarter’ Payments Fraud

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They seek to test every new payment type (across small and large merchants), as well as pinpoint weaknesses in firms’ fraud detection and mitigation programs. He added that other variables must come into play when examining risk, focused on a consumer’s history: where, when and how they shop and transact.

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FTC Probing Visa, Mastercard About Debit Card Practices

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antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.