Payment Security
Flagstar Bank hackers steal data on 1.5 million customers
US-based Flagstar Bank has suffered a data breach that has hit over 1.5 million customers.
Marqeta: 77% of Gen Z favour mobile over physical wallets
Source: Marqeta
Marqeta, the global modern card issuing platform, has today released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise.
Visa and Mastercard join Russian blockades
Mastercard and Visa have blocked multiple financial institutions from their payment networks in response to Russia's invasion of Ukraine.
E-commerce fraud attacks decline on 3DS revisions
Revisions to the 3DS security protocol have helped drive down e-commerce fraud by 36% in the past 12 months, despite a significant uptick in online shopping, according to an analysis by LexiNexis Risk Solutions.
Nationwide stops 2000 more frauds a month with SCA rules
Nationwide Building Society says that the introduction of Strong Customer Authentication (SCA) rules in March is helping it stop 2000 cases of online card fraud a month.
PayPal reveals 4.5 million accounts were ‘illegitimate’, shares plummet
Discussing Q4 earnings with analysts, PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad actors” took advantage of incentives and rewards programmes, resulting in shares falling by 25%, according to Bloomberg.
Instant payments and e-money to account for 25% of all non-cash transactions by 2025
Source: CapGemini
Payments are entering a new experience-driven era (Payments 4.X[1]), ushered in by an accelerated transformation timeline due to COVID-19 and the growing digital appetite of customers, according to the World Payments Report 2021 published today by Capgemini.
Marqeta adds risk control suite to card issuing platform
Source: Marqeta
Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced its new RiskControl solution, a comprehensive product suite to help its customers better optimize their card programs and take control of end-to-end risk management.
Federal Reserve reports "unprecedented" decline in in-person payment cards volumes
Source: Federal Reserve
The Federal Reserve on Wednesday issued an update to the Federal Reserve Payments Study (FRPS) to include findings from recent survey data.
DBS fortifies payments security with new self-managed card payment control features
Source: DBS
All 3.6 million DBS/POSB debit and credit cardholders today are now able to determine and personally manage the security access on their card accounts via the most comprehensive suite of payment control features available in Singapore.
UK e-commerce market projected to exceed £260 billion by 2025, Worldpay from FIS study finds
Source: Worldpay
The UK’s e-commerce market, already the world's third largest, is forecast to grow by nearly 26 percent through 2025 to reach over £260 billion in transaction value, according to a new report released today from financial technology leader FIS® (NYSE: FIS).
Australia suffers 9.2% rise in Y-o-Y fraud on payment card transactions
Source: AusPayNet
Data released today by the industry self-regulatory body Australian Payments Network (AusPayNet) shows a 9.2% rise in fraud on payment card transactions in the 12 months to 30 June 2021 (FY21) alongside an increase in online spending during COVID-19 lockdowns.
Evervault scores PCI DSS compliance
Source: Evervault
Evervault, a company building simplified encryption infrastructure for developers, today announced it has successfully achieved compliance with the Payment Card Industry Data Security Standard (PCI DSS), which mandates how payment card data is secured and maintained.
