- - Card fraud losses as a proportion of the amount we spent on our cards decreases – from 0.066% during January to June 2011 to 0.063% during the first half of this year
- - Payment fraud losses are only half a per cent of all fraud losses in the UK
- - Figures suggest fraudsters bypassing security safeguards by duping consumers into handing over their own details – industry redoubles efforts to support vulnerable customers
New figures released today (27 September 2012) show
Fraud News
The Merchant Risk Council (MRC), the merchant-led trade association focused on online payments, fraud and e-commerce, will host a "Members Only" meeting in Seattle, Washington, US, on October 1-3.
Almost 200 global merchants, law enforcement and industry players, including Microsoft, Google, Expedia, Gartner and Forrester Research, will gather to discuss the newest breakthroughs and innovations in reducing online payment fraud and improving risk management strategies.
Sponsored by Discover, this
...CTS North America, a division of CTS Electronics, a global provider of automated systems for payments, document processing, cash recycling and deposits, and Financial Crimes Services (FCS), a check fraud and accountability solutions provider, have joined forces to fight fraud.
Under the terms of the alliance, FCS’s SNARE software customers can use the ID Card Reader-equipped CTS check scanners to scan government-issued identification cards and verify their authenticity. This enables law e
...The Only Service of Its Kind: 3dcart’s Free Fraud Protection Service Uses Feedback from 16,000 Merchants to Take Action Against Counterfeit Purchases
TAMARAC, FL (PRWEB) September 27, 2012
Taking cues from ‘community watch’ groups, a new scoring service uses the power of community to protect online merchants against fraud. More than 16,000 internet retailers provide the information to power 3dcart’s new ‘Community Alert’ feature, a free service that calculates risk based on the experience of other
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How the high-tech mantra of “automation and innovation” helps a multi-tiered global fraud ring target high net worth businesses and individuals. Building on established Zeus and SpyEye tactics, this ring adds many breakthroughs: bypasses for physical multi-factor authentication, automated mule account databases, server-based fraudulent transactions, and attempted transfers to mule business accounts as high as €100,000 ($130,000 USD). Where Europe has been the primary target for this and other fi...
UK payment fraud prevention company ReD and payment services provider Sage Pay have partnered to provide UK e-commerce businesses with fraud prevention services which enable merchants to accept e-commerce and m-commerce transactions.
As a result, Sage Pay customers will gain access to ReD's ReD Shield fraud prevention solution. ReD Shield is a multi-dimensional solution which combines fraud prevention technology with fraud analytics to provide fraud screening capabilities. Sage Pay has revealed
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There is some likelihood that your credit card number is for sale in a dark corner of the Internet. The selling price? As little as $3.50 per number. On Tuesday, a huge crackdown on a international credit card fraud ring revealed just how sophisticated -- and prevalent -- virtual credit card and identity theft has become. Does this mean consumers should be paranoid about the prospect of some kind of credit card fiasco? Financial service companies say customers should not worry too much about...
Cybercrime's Impact on Payments BayPay Event - Santa Clara, CA Dear BayPay Member, Join us for our next event! Topic: "Cybercrime's Impact on Payments" Time: June 12, 2012, 6:00p.m. to 9:00 p.m. Location: SVB, 3003 Tasman Drive, Santa Clara, CA Before we start: 1. Finovate Spring 2012 is now wrapped up. Check out our tweets @danielchat 2. You can now download The BayPay Forum Mobile App from the Android Marketplace 3. We have created a complementary group reserved to the attendees of this ev...