First-party fraud is, increasingly, warranting a first line of defense from the payments networks, using data and AI to uncover what’s really going on with transactions and whether consumers are initiating fraudulent disputes. Picture, then, the cardholder who challenges a legitimate charge on their account....
SmartMetric has launched a biometric security solution for credit and debit cards. The solution features biometric fingerprint recognition technology built into the card to recognize the cardholder and turn on the card’s EMV contact and contactless payment chip, SmartMetric said in a Tuesday (June 27) press release....
The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This joyless game of whack-a-mole is keeping fraud fighters busy, but their adversaries never sleep. This is analyzed in “The State...
The great reopening is upon us. Life is returning to normal, in many parts of the world. In the process, it’s reopening some lucrative channels for fraudsters and other criminals seeking to co-opt our personal and card-level data to keep their schemes chugging along. “The...
May 29, 2024
Large enterprises continue to fight all kinds of fraud, from insider threats to payments fraud to social engineering. But small businesses are often overlooked as they fight the same battles. Visa Senior Vice President and Global Head of Risk and Identity Solutions James Mirfin and Jotform Head of Information Security Johannes Wiklund told Karen Webster […]
May 25, 2023
The heated battle between fraudsters and financial institutions (FIs) got hotter during the pandemic-era run-up in eCommerce and the use of alternative payment methods. This joyless game of whack-a-mole is...
October 07, 2022
The great reopening is upon us. Life is returning to normal, in many parts of the world. In the process, it’s reopening some lucrative channels for fraudsters and other criminals...
November 23, 2018
Keeping yourself protected from criminals can often seem a daunting task. Even the most eagled-eyed person — for instance, a veteran tourist in a crowded plaza thick with professional pickpocket artists...
June 27, 2023
SmartMetric has launched a biometric security solution for credit and debit cards. The solution features biometric fingerprint recognition technology built into the card to recognize the cardholder and turn on the card’s EMV contact and contactless payment chip, SmartMetric said in a Tuesday (June 27) press release. “We have created the next move forward in making credit […]
July 23, 2018
Apple is currently investigating reports of fraudulent credit card charges being made through iTunes. According to Channel NewsAsia, dozens of Apple customers in Singapore have noticed a high number of...
May 22, 2018
Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. down by 76 percent. “Visa set the path for the...
May 11, 2018
The NYPD is fighting back against ATM tampering with a device called the “Skim Reaper.” According to CBS News in New York, the device can detect if an ATM or...
