Posts Tagged ‘Fraud’
CFIT reveals finance, tech companies participating in second coalition
Major banks and tech giants will take part in CFIT’s coalition focused on using digital verification to fight economic crime.
Read MoreFood service company partners with Trustly to improve ‘customer experience’
Trustly’s chief revenue officer said it aims “to enhance the payment experience for both customers and vendors”.
Read MoreAustralia’s Adatree launches ‘CDR Insights’ to combat fraud
Australians lost more than $2.7 billion to financial scams in 2023.
Read MoreFullCircl partners with LSEG Risk Intelligence to crack down on identity fraud
In the UK, identity fraud accounts for 64% of all fraud losses.
Read MoreDesign of Australia’s Confirmation of Payee service reaches completion
Australian Payments Plus and the Australian Banking Association said FIs will be able to integrate the service into their banking channels from early 2025.
Read MoreUS Financial Services Committee members request changes to Open Banking rule
The members have written to the CFPB with some suggested revisions to secondary data use restrictions in the proposed Personal Financial Data Rights rule.
Read MoreCommBank’s anti-scam measures halve customer losses
The bank’s general manager of group fraud called on telecommunications and social media platforms to “step up”.
Read MorePSR reveals increase in APP fraud reimbursement in 2023
The Payment Systems Regulator found that reimbursement largely depends on which bank victims are a customer of.
Read MoreBank of England outlines approach to innovation in payments
The UK’s central bank has released a discussion paper setting out its plans to engage with the rapid pace of change in payments.
Read MorePayments Canada study reveals impact of payment fraud on Canadians
The research identified the top three most common types of payment fraud in Canada.
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