Synthetic fraud and clean fraud tactics employ stolen cardholder information to complete purchases. Account takeover attacks have the same goal, but target consumers’ account credentials instead of payment details. Click fraud, however, can prove to be a much more difficult threat source to identify.
Wirecard, the global innovation leader for digital financial technology, is investing in a comprehensive license portfolio for digital payments through an acquisition in China.
The various merchant and digital payment industry as a service market size is expected to grow from USD $5.7 billion in 2019 to USD $16.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 23.9% during the forecast period according to a report by MarketsAndMarkets.
The challenger bank Revolut will be operating as an electric money institution until gets an Aussia banking license
Global eTrade Services (GeTS) announced its partnership with Thunes – a leading Singapore-based global cross-border payments network for emerging markets. This partnership will facilitate better cross-border payments for customers using CALISTA™.
In recent years, the IN GROUPE, with its subsidiary, SPS, and PARAGON ID, through its subsidiary AMATECH, have each developed and patented inductive coupling technologies. These include inlays and antennas used by their respective customers in a variety of final products such as contactless dual interface cards and electronic passports.
With the clear ambition of becoming a leading player in the European payments industry, Nets now makes changes to its Executive Committee. This means welcoming Torsten Hagen Jørgensen as the new CEO of Issuer & eSecurity Services and Gianluca Ventura as the new Group CHRO. Consequently, two current members of the Executive Committee are leaving Nets.
Integration of worldwide payment network and subscription management platform streamlines global payments for subscription commerce
The payments sector might get more boost with the introduction of digital currencies.
Starling Bank has issued a dual currency debit card which enables users to pay for purchases in either pounds or euros.
New solution expands ‘touchless’ portfolio, offering proven security and improved usability for mobile and IoT use cases
Capgemini and Efma's World Retail Banking Report (WRBR) released today finds that consumers are increasingly choosing challenger banks due to poor customer service in the 'last mile' of service delivery from high street incumbents.
The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards.
2020 will see a development in the standards governing the flow of money to match the increased globalisation of payment processing, according to Deloitte.
EMV SRC may be a rising star, but to achieve its potential it’ll need a strong supporting cast, says Lars Sandtorv, CEO, MeaWallet.
Lookout, Inc, the leader in securing the post-perimeter world, has announced a record year for its App Defense product with new customer acquisitions and strategic go-to-market partnerships. App Defense helps enterprises protect their customer-facing apps from data compromise and fraudulent transactions.
Coconut, the smart accounting app designed specifically for self-employed people, is set to automate bookkeeping for millions of people around the UK.
Apple Pay has overtaken Starbucks as the most popular mobile payment app in the US, according to figures from eMarketer.
To further refine its online banking payment solutions and accelerate the build-out of global coverage, Trustly is pleased to announce the opening of two new tech hubs in Vitória, Brazil and Lisbon, Portugal.
Revolut has officially opened its doors in Singapore following a beta test over the course of the last year, with 30,000 customers already onboard.