Payment Security
Mobile banking users set to double over next four years - KPMG
August 3, 2015 - The number of mobile banking users globally is forecast to double to 1.8bn over the next four years, encompassing over 25% of the world's population, according to research by KPMG and UBS.
FCA: Firms making good progress in handling unauthorised transactions
July 28, 2015 - Research into how claims are handled for unauthorised transactions (when a payment is made from a consumer's account without their consent) found that firms are making good efforts to deliver fair outcomes for consumers.
Speech: Fed Reserve governor Jerome Powell on building a safer payment system
June 26, 2015 - Governor Jerome H. Powell. At the Federal Reserve Bank of Kansas City Conference, "The Puzzle of Payments Security: Fitting the Pieces Together to Protect the Retail Payments System", Kansas City, Missouri. Building a Safer Payment System.
Visa amends rules to help airline industry fight CNP fraud
June 9, 2015 - Visa Inc. announced at a recent meeting of the Airlines Reporting Corporation (ARC)-sponsored Credit Card Working Group (CCWG) that effective October 2015 it will accept airline-supplied flight manifests as a remedy for fraud payment card chargebacks.
Card fraud rises across Europe - ECB
July 22, 2015 - The European Central Bank (ECB) has reported an eight percent increase in fraud among cards issued or acquired within the Single Euro Payments Area (Sepa) for 2013.
Fico records spike in cross-border debit fraud
June 25, 2015 - The percentage of fraudulent transactions occurring outside the UK in 2014 on UK debit cards rose 25 percent in a massive sample of cards studied by analytic software firm FICO.
Compass Plus survey reveals industry expectations for mobile technology are immobile
June 8, 2015 - Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has revealed the results of their recent research shows industry professionals believe mobile payments, NFC and contactless technology will reach mass adoption within five years despite previous results indicating they should already be mainstream.
EMVCo welcomes eight new members
July 8, 2015 - Payment industry engagement in the evolution of the EMVCo Specifications for payment technologies, including tokenisation and 3D Secure 2.0, has continued to increase, with eight new members joining EMVCo's Associate Programme in the past twelve months:
Payments Council publishes ISO 20022 factsheet for real-time payments
June 17, 2015 - A ground-breaking agreement on international cooperation towards ISO 20022 has been reached following a roundtable facilitated by the Payments Council.
Mobile fintech investment soaring
May 29, 2015 - Fintech may be all the rage, but it is in the mobile arena where the biggest bets are being placed, with over $1.1 billion raised globally across 58 financings in Q1 alone, according to data from CB Insights.
PCI SSC updates point-to-point encryption standard
July 1, 2015 - Today the Payment Card Industry Security Standards Council (PCI SSC) published an important update to one of its eight security standards, simplifying the development and use of Point-to-Point Encryption (P2PE) solutions that make payment card data unreadable and less valuable to criminals if stolen in a breach.
Nexo bids to drive unified card payment standards
June 15, 2015 - Nexo, the association set up to develop and promote open standards for card payments, has announced the findings of a study that explores the benefits of harmonising card payment acceptance for Europe's leading retailers.
Visa bids to streamline integration between mobile tech companies and banks
May 29, 2015 - Visa Inc. (NYSE:V) today announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services.
