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.
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.
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.
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.
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.
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.
Hackers steal more than $90m from Liquid crypto exchange
Japanese cryptocurrency exchange Liquid says hackers have compromised some of its wallets and stolen more than $90 million.
Americans trust banks over fintechs and Big Tech with personal data
Americans trust traditional banks more than government agencies or fintechs - and far more than Big Tech - to safeguard their personal data, according to a BIS survey.
