Spain continues trends towards digitisation of payments
The Spanish card payments market is forecast to grow by 8.9% to reach EUR402.6 billion ($435.4 billion) in 2024, supported by a constant consumer shift towards electronic payments. GlobalData’s Payment Cards Analytics, reveals that card payment value in Spain registered a growth of 22.5% in 2022, driven by a rise in consumer spending. The value is […]
MULTI-FACTOR AUTHENTICATION MONTH: How MFA became a fraud fighter’s favourite dance partner
For years, online fraudsters have waltzed through checkout pages, leaving a trail of stolen identities and empty wallets in their wake. But the tide is turning. Multi-factor authentication (MFA), once a niche security measure, has become a vital weapon in the fight against merchant fraud. Here’s how… The Rise of the Extra Layer: Traditional online […]
If you specialise in Multi-Factor Authentication Solutions we want to hear from you!
Each month on Fraud Prevention Briefing we’re shining the spotlight on a different part of the market – and in May we’ll be focussing on Multi-factor Authentication Solutions. It’s all part of our ‘Recommended’ editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise in Multi-factor Authentication Solutions and […]
VIDEO: Why the Fraud Prevention Summit is your essential event for 2024
The Fraud Prevention Summit will provide you with a rare full working day of industry networking, learning and connection building – will you be attending? – Secure your free place today! 6th November 2024 | Hilton London Canary Wharf Watch our attendee experience video to find out more about what to expect at the event! Your pass will be fully funded to attend as […]
Report highlights cost of financial crime compliance in North America
Financial crime compliance costs have increased for 99% of financial institutions in the US and Canada, with the total cost reaching US$61 billion across both countries. LexisNexis Risk Solutions released the findings of its latest True Cost of Financial Crime Compliance Study – U.S. and Canada study, which was conducted by Forrester Consulting, Mid and large-sized financial […]
Mastercard x Worldpay collab seeks to reduce merchant chargebacks
Mastercard and Worldpay have formed a new partnership they claim will help merchants to resolve transaction disputes faster and with fewer chargebacks. Chargebacks – a request for a refund triggered when a consumer disputes a transaction on their account – are a growing issue: industry-wide chargeback volumes are expected to reach 337 million by 2026, […]
FINANCIAL CRIME PROTECTION MONTH: How banks and merchants are leveraging the latest technologies
The UK’s retail finance landscape is witnessing a technological revolution. While this brings convenience and innovation, it also creates new avenues for financial crime. Thankfully, cutting-edge solutions are emerging to equip banks and merchants with robust defences against fraudsters. Here’s an exploration of key recent and future trends in financial crime prevention, based on input […]
‘One million attacks on global financial sector in 120 days’
BlackBerry’s latest Global Threat Intelligence Report has revealed threat actors focusing efforts on targeting high-value data held by the global financial sector, with one million attacks logged over the 120 day period. This “death by a million cuts” is revealed to be using mainly commodity malware, which indicates a large number of independent actors targeting […]
Alt payments now preferred over cash and cards for e-commerce in China
Alternative payment methods such as mobile and digital wallets dominate the e-commerce space in China, displacing cash and cards as the most preferred payment method, with a 67.3% market share in 2023. GlobalData’s E-Commerce Analytics reveals that Chinese e-commerce market is expected to register a 11.9% growth in 2024 to reach CNY17 trillion ($2.4 trillion), […]
Registration is Open for November’s Fraud Prevention Summit!
The Fraud Prevention Summit, formerly known as the Merchant Fraud Summit, is a bespoke and highly targeted event, where you can meet with a selection of top suppliers, who can help with your upcoming plans and projects, alongside opportunities to network with peers & attend educational seminars! See what our past attendees had to say: “Great event, well organised and met some great people! Looking […]
