Mastercard introduces offline payment requirements to strengthen resilience across Europe
Mastercard has announced new requirements for offline card payments across Europe, designed to maintain access to essential goods and services during power outages and network disruptions. From February 2027, all newly issued Mastercard cards across Europe will be required to support offline payments, followed by new and replacement payment terminals from May 2027. The move […]
Chargeback Management Solutions: What fraud prevention teams should compare
A chargeback may appear to begin when a customer disputes a card transaction. For the merchant, however, the circumstances that created it may have begun considerably earlier. A fraudulent customer might have used stolen payment credentials. A legitimate customer may not recognise the merchant name appearing on their statement. An order may have arrived late, […]
Government commits £500m to tackling money laundering as financial crime threat evolves
The UK government is to invest more than £500 million in a new crackdown on money laundering and illicit finance, including the recruitment of 500 additional financial crime officers. The investment, spread over three years and funded through the economic crime levy, forms part of the government’s new Anti-Money Laundering and Asset Recovery Strategy. The […]
AI Fraud Prevention: How to reduce false positives without increasing risk
Blocking fraudulent transactions is an obvious measure of fraud-prevention performance. Blocking legitimate customers is another matter. As explored in our earlier AI Fraud Detection Software: What Fraud Teams Should Compare buyer’s guide, effective fraud detection increasingly combines rules, machine learning, contextual intelligence and human expertise to identify suspicious activity. Once those systems are operational, however, fraud teams […]
AI security market set for rapid growth as autonomous agents create new fraud risks
Global spending on securing AI systems is forecast to reach almost $4.8 billion in 2027 as businesses confront emerging vulnerabilities associated with AI applications and autonomous agents, according to Gartner. The analyst predicts the market will grow 68.7% from $2.84 billion in 2026 to $4.78 billion next year, before reaching almost $7.7 billion in 2028. […]