Payment Security

Barclays is reporting a 66% increase in scams for the first six month of this year, as criminals take advantage of lockdown pressures to line their pockets.

Source: Global Payments

Today, Global Payments Inc. (NYSE: GPN) and Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced a new, multi-year collaboration agreement to provide a cloud-based issuer processing platform to financial institutions around the world.

Barclaycard Payments, which processes almost 40 per cent of card transactions in the UK, is to provide merchant customers with real-time fraud detection software from Kount.

Source: FIS

As merchants around the world grapple with the impact of COVID-19 on their operations, financial services technology leader FIS™ (NYSE: FIS) has launched iQ Now, a new mobile app for Worldpay’s small- and medium-sized businesses (SMBs) that delivers actionable insights into the health of the business.

Visa and Mastercard both slapped eight figure fines on Wirecard years before the German payments processor's recent spectacular collapse in the face of an accounting scandal, according to the Wall Street Journal.

Source: ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced the launch of a series of new capabilities in its UP Immediate Payments solution.

ATM manufacturer Diebold Nixdorf has suffered a ransomware attack on its corporate network, disrupting some operations.

Source: Paymentology

Closely following the expansion of its Middle East office, UK fintech cloud-payment processor, Paymentology has announced a similar focus on Singapore, with the appointment of Matt Bruton as the General Manager for the Asia Pacific region.

The Maze ransomware gang have started posting payment card data stolen during a breach at state-owned Banco de Costa Rica.

The Supervisory Board of Wirecard AG appoints the American Dr. James H. Freis (49) as Chief Compliance Officer effective July 1, 2020.

Source: Mastercard

More and more consumers are going online to purchase everything from groceries and food delivery to home improvement goods, apparel and entertainment; as they do, merchants are focused on providing an increasingly seamless experience.

Source: Fiserv

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions, today announced it has launched a unique offering designed to reduce the number of legitimate debit card transactions that are wrongly identified and declined as fraudulent, while effectively managing risk.