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.

BPFI data shows increase in payment fraud in ireland

 960 640 Stuart O'Brien
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Fraudsters stole nearly €85 million (€84.6m) through frauds and scams in Ireland during 2022, an increase of 8.8% on 2021, according to a detailed report published by FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI). The FraudSMART Payment Fraud Report H2 2022 outlines how card fraud accounted for over 95%…

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HOW TO: Implement anti-fraud measures for digital payments

 960 640 Stuart O'Brien
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In today’s digital era, businesses must be vigilant in protecting their payment systems against fraudulent activities. Establishing robust anti-fraud measures is vital to safeguard both your business and your customers. Here are key steps you can take to implement effective anti-fraud measures for digital payments… The first step is to educate and train your staff.…

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Cryptocurrencies proving resilient, but ‘face challenges’ on road to mainstream acceptance

 960 640 Stuart O'Brien
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In November 2021, the combined market value of all cryptocurrencies soared to a record-breaking $3 trillion. However, adverse macroeconomic circumstances and the collapse of major players, most notably FTX, caused a sharp 64% decline in 2022, plummeting below $800 million. The market has since recovered in 2023, reaching $1.1 trillion, according to GlobalData. Its latest…

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Staying Ahead of the Game: What’s new in payment fraud detection tools and technology

 960 640 Stuart O'Brien
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In the fast-paced world of digital payments, fraud detection critical. Cybercriminals are constantly evolving their tactics, necessitating more sophisticated tools and technologies to counter these threats. As the sector continues to evolve, several key trends are emerging in payment fraud detection. Firstly, the use of Artificial Intelligence (AI) and Machine Learning (ML) is transforming fraud…

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Do you specialise in Digital Identity Verification or Multi-factor Authentication? 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 August we’ll be focussing on Digital Identity Verification & Multi-factor Authentication. 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 Digital…

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Banking investment in IT set to soar, driven by security

 960 640 Stuart O'Brien
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Global IT spending by banking and investment services is forecast to hit $652.1 billion in 2023, representing an increase of 8.1% from 2022, with spending on software experiencing the largest growth at 13.5%. “Current economic headwinds have changed the context for technology investments in banking and investment services this year,” said Debbie Buckland, Director Analyst at…

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Banking & financial services driving renewed growth in biometric hardware

 960 640 Stuart O'Brien
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Global biometric device shipments fell from 4.1 million in 2019 to 3.4 million in 2021 and recovered slightly to 3.6 million in 2022, with global trends impacting usage in banking, financial services and insurance (BFSI) sectors. According to a new report by technology intelligence firm ABI Research, geopolitical and macroeconomic events, including the conflict in…

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Top global payment companies generated $228bn in 2022

 960 640 Stuart O'Brien
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The global payments industry witnessed an exceptional 2022, despite the challenges posed by expansionary monetary policy, geopolitical uncertainties, pandemic-related supply chain disruptions, and a macroeconomic environment with heightened inflation and increased energy costs. That’s according to GlobalData, which says the top 20 public payment companies experienced a 15.5% increase in their top-line performance, reaching a…

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Secure your place at the Merchant Fraud Summit

 960 640 Stuart O'Brien
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Registration is now open for a brand new event – the Merchant Fraud Summit, which is taking place on November 1st at the Hilton London Canary Wharf. You asked, we listened: This event has been specially created following demand from our delegates who have previously attended the hugely popular event, Smarter Payments Summit.  Your complimentary guest pass includes: – An itinerary, designed…

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Do you specialise in Fraud Detection Tools or Anti-Fraud Platforms? 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 July we’ll be focussing on Fraud Detection Tools & Anti-Fraud Platforms. 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 Fraud…

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