Econnect

eConnect is an online platform which provides current, year-round news and analysis from key industry sectors. Born out of the success of our existing and ever-growing events portfolio, our fortnightly eConnect newsletters bring together the latest industry news, topical content, recruitment opportunities and event information directly to your inbox.

Do you specialise in Mobile Fraud Prevention or AI for Fraud Prevention Solutions? We want to hear from you!

 960 640 Stuart O'Brien
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Each month on Merchant Fraud Briefing we’re shining the spotlight on a different part of the market – and in October we’ll be focussing on Mobile Fraud Prevention & AI for Fraud Prevention. 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…

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Visa highlights AI threat in latest data

 960 640 Stuart O'Brien
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Visa’s latest Biannual Threats Report highlights a ‘significant’ rise of phishing schemes proliferated through generative AI tools, and a marked increase in enumeration and ransomware. While the global fraud rate trended lower than normal expected fraud levels during the report’s time period (January – June 2023), Visa shared that it helped to proactively block $30…

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Evolving payment methods to push remote physical goods fraud up by 400%

 960 640 Stuart O'Brien
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A study from Juniper Research predicts that the greatest merchant losses to fraud will be via remote physical goods purchases, with losses reaching $5.1 billion across emerging markets in 2028, up from $1 billion in 2023. Juniper anticipates fraud losses in Africa & Middle East to reach $1.1 billion in 2028; growing 643% from $150 million…

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Understanding the Payment Card Industry Data Security Standard (PCI DSS) and how it works

 960 640 Stuart O'Brien
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In today’s digital age, the seamless and secure processing of payments is paramount for retail businesses. As such, understanding and adhering to the Payment Card Industry Data Security Standard (PCI DSS) is not just a requirement – it’s essential for maintaining customer trust. Here are the vital considerations for retailers navigating PCI DSS compliance, based…

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Fines relating to mismanagement of data subject rights could hit $1bn

 960 640 Stuart O'Brien
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By 2026, fines due to mismanagement of subject rights will have increased tenfold from 2022, to total over $1 billion, according to Gartner. The analyst defines subject rights requests (SRRs) as a set of legal rights that enable individuals to make demands and, in some instances, changes for clarity regarding the uses of their data.…

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Your agenda at the upcoming Merchant Fraud Summit

 960 640 Stuart O'Brien
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The Merchant Fraud Summit takes place over a day & consists of 1-2-1 meetings with innovative suppliers to help with your upcoming plans, insightful seminar sessions and numerous opportunities to network with peers.   Click here to confirm your attendance (booking form takes less than two minutes to complete). AGENDA: 1st November  08:00 – 08:45: Registration…

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Bribery and corruption concerns drive 650% increase for Regtech AI KYC checks in banking sector

 960 640 Stuart O'Brien
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A new study from Juniper Research has found that the total number of Know Your Customer (KYC) checks for banking, conducted using AI, will reach almost 175 million globally by 2028; up from just over 23 million in 2023. The demand for regtech solutions is increasing across not only financial services, but also industries such as…

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Understanding the Authorised Push Payment (APP) fraud threat

 960 640 Stuart O'Brien
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In today’s digital age, where electronic transactions have become commonplace, the spectre of fraud continuously looms large. One such deceptive practice that has been increasingly plaguing the UK’s financial landscape is Authorised Push Payment (APP) fraud. At its core, APP fraud involves a fraudster deceiving individuals into sending them money. These payments are ‘authorised’ because…

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PSR proposes £415,000 cap on APP fraud claims

 960 640 Stuart O'Brien
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The Payment Systems Regulator (PSR) has launched two consultations in the lead up to the implementation of its new authorised push payment (APP) fraud reimbursement requirements. In June, the PSR set out its final position on tackling APP fraud, which will mean the vast majority of victims will be reimbursed within five days of the…

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Risk prevention in digital payments for e-commerce: Where to start

 960 640 Stuart O'Brien
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The e-commerce landscape is expanding at a breakneck pace, with digital and alternative payment methods emerging as the driving force behind this growth. While these payment methods offer unprecedented convenience, they also bring about a new set of challenges in terms of risk prevention. For e-commerce businesses, understanding and mitigating these risks is vital to…

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