Payment Security
Central Banks Explore Tokenization for Cross-Border Payments in Project Agorá
A consortium of seven central banks has partnered with the Bank for International Settlements (BIS) to delve into the potential of tokenization for facilitating cross-border payments.
FIS taps accelerator alumnus Stratyfy to boost card fraud detection with AI
Source: FIS
Global financial technology leader FIS (NYSE: FIS) has today announced that its SecurLOCK card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy.
APP scam losses across six major economies expected to hit $6.8 billion by 2027
Source: ACI Worldwide
Authorized Push Payment (APP) scam losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by 2027 across six leading real-time payment markets (U.S., U.K., India, Brazil, Australia and Saudi Arabia) according to Scamscope, a new report by global payments software company ACI Worldwide and GlobalData, a leading global analytics firm.
Top Fintech Companies Call for Review of Hidden Bank Fees in International Payments
London's Leading Fintech Companies Unite to Demand Urgent Review of Hidden Bank Fees for International Payments.
Cashfree Payments launches ‘RiskShield
Source: Cashfree Payments
Cashfree Payments, India's leading payments and API banking company, announced the launch of ‘RiskShield’, India’s first real-time risk management solution for payment gateways. It aims at reducing fraudulent activities upto 40%.
CFPB Proposes Regulatory Expansion to Include Tech Giants in Oversight of Digital Payment Apps
The Consumer Financial Protection Bureau (CFPB) is aiming to extend regulatory oversight to tech giants like Apple and Google, which provide digital payment apps and wallets.
Australian Banks Launch Digital Platform to Combat Fraudulent Payments
Australian banks have introduced a digital platform called the Fraud Reporting Exchange (FRX) in an effort to crack down on authorized push payment scams. The platform enables the reporting of fraudulent payments in near real-time, increasing the chances of freezing and returning funds to affected customers, thus disrupting fraudsters and scammers.
E& enterprise and Fils to introduce carbon offset platform for payments
Source: e& enterprise
e& enterprise today announced its strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability.
Lloyd's of London Warns of $3.5 Trillion Global Economic Impact from Cyber Attack
Lloyd's of London, the insurance marketplace, has issued a cautionary statement, suggesting that a major cyber attack on a systemic payments system could result in a staggering $3.5 trillion economic impact on the world.
Coinbase sues SEC to force response to rulemaking petition
Coinbase has filed a suit against the Securities and Exchange Commission, asking a court to make the regulator respond to a petition from last year on the "rules to govern the regulation" of digital assets.
Payment Systems Regulator appoints Dan Moore as head ffo strategy and intelligence
Source: Payment Systems Regulator
The Payment Systems Regulator (PSR) has appointed Dan Moore as its new Head of Strategy and Intelligence.
UK, Singapore, Switzerland, and Japan Collaborate on Fund and Asset Tokenization Project
Financial regulatory authorities from the United Kingdom, Singapore, Switzerland, and Japan have initiated a collaborative effort to explore potential applications of fund and asset tokenization as well as decentralized finance (DeFi).
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.
