Posts Tagged ‘scams’
Digital identity: The foundation of trust in a data-driven economy
In a Fireside Chat at Open Banking Expo Canada, speakers from Daon and Giesecke+Devrient explored how identity frameworks will underpin secure data sharing, payment initiation and future customer experiences.
Read MoreInterac appoints David Bruyea as group head, financial crimes
nterac Corp. (Interac) has announced the appointment of David Bruyea as group head, financial crimes, effective immediately.
Read MoreUK banks call on industry to get CFIT’s proposed Digital Company ID ‘off the ground’
Speakers from Lloyds Banking Group, Monzo and NatWest Group were at CFIT’s ‘Fighting Economic Crime through Enhanced Verification: Coalition Showcase’.
Read MoreBectran tackles ACH fraud prevention in partnership with GIACT
ACH remains a popular payment method for B2B finance operations but is being targeted by scammers, according to Bectran.
Read MoreAPP scam losses predicted to top $7bn by 2028 in major markets
The latest ScamScope report published by ACI Worldwide in partnership with GlobalData is focused on six real-time payments markets, including the UK and Brazil.
Read MoreUK Finance collaborates with mobile networks to tackle APP fraud
UK Finance and GSMA have joined forces to deliver a new scam solution, ‘Scam Signal’, which is the result of mobile and banking industry efforts.
Read MorePSR considers lower APP fraud reimbursement cap of £85,000
The new cap, if confirmed, will still see more than 99% of claims, by volume, covered.
Read MoreAustralia’s Adatree launches ‘CDR Insights’ to combat fraud
Australians lost more than $2.7 billion to financial scams in 2023.
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 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”.
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