Payment Security
Riskified and Deloitte help e-commerce merchants analyse fraud exposure
Source: Riskified
Riskified (NYSE:RSKD), a leader in eCommerce risk intelligence, today announced its partnership with Deloitte, a leader in fraud and financial crime advisory services, to empower merchants with real-time insight into how their chargebacks, approval rates and fraud costs compare to similar companies in their space.
Digital Currency Monetary Authority launches CBDC
Source: DCMA
Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
New York Fed and MAS test wCBDC for cross border payments
The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.
CellPoint Digital teams up with Cybersource to help merchants fight fraud
Source: CellPoint Digital
CellPoint Digital, the global leader in payment orchestration, today announces it has teamed up with Cybersource, a Visa solution and a recognized worldwide leader in payments management, to provide merchants with a holistic solution for fraud management capable of aggregating transaction data across multiple acquirers.
Australian Lender Latitude Financial Reveals Massive Data Breach
Consumer lender Latitude Financial has disclosed a major data breach that resulted in the theft of 14 million customer records, including personal information, drivers licenses, passports, and financial statements.
SCA has led to fall in online card fraud - Barclaycard
200 days on from the mandatory introduction of Strong Customer Authentication (SCA) in the UK, 73% of retailers have seen online payment fraud decline, according to data from Barclaycard Payments.
Federal Reserve delays ISO 20022 cutover by two years
The Federal Reserve is to delay the implementation of the new ISO 20022 payment messaging format by two years to 2025.
Silvergate Bank goes into liquidation
Silvergate Bank has gone into liquidation, raising further concerns about rising volatility in the crypto sector.
Banks risk losing 89% of SME business to fintech challengers
Source: Capgemini
New payment methods (instant payments, e-money, mobile and digital wallets, account-to-account, QR codes) are leading the charge with consumers, but the looming threat of recession and growing inflation rates coupled with continuing geopolitical issues, is posing a whole host of new challenges.
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.
US banks launch digital asset settlement platform PoC
Some of the biggest names in the US banking industry are coming together on a proof of concept for a regulated digital asset settlement platform.
Paytm unveils fraud risk management platform, Pi
Source: Paytm Labs
Paytm Labs, the advanced R&D division of fintech giant Paytm, has launched Pi, an ML-powered fraud risk management (FRM) platform designed for fintechs, banks and eCommerce marketplaces with high transaction volumes.
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.
