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Transaction Fraud Systems and Analysis

Archive for: June, 2009

Cedric Pariente - Racine Alpha - Paris | 29/06/2009 | 9762 views | 3 comments

Web 3.0 and 4.0

The web 3.0 is on every mouth. It seems like it’s one of the next buzzes on the internet. What is it? What can we expect from it? Before describing the WEB 3.0, let’s go a little bit through the history of the web and try to understand the evolution of this living entity that is part of the life of almost everyone on earth nowadays, Tags: Security, Online banking

Andre Edelbrock - Ethoca - Toronto | 26/06/2009 | 3941 views

CardSystems Case Signals Accountability and Liability Shift

A few weeks ago, it was reported that Merrick Bank was suing Savvis, an IT consultancy, for performing a sloppy/inaccurate audit in 2004, of CardSystems compliance with CISP (Cardholder Information Security Program), the predecessor to PCI DSS. Merrick hired Savvis to do the audit prior to signing a contract with Cardsystems to process Merrick's ca... Tags: Cards, Security

Andre Edelbrock - Ethoca - Toronto | 23/06/2009 | 2787 views

Shining Light on a Shadowy Dark Underworld of Online Fraud

Elliot Castro is a born-again fraudster, who now acts as an independent fraud consultant. It's fascinating to watch and listen to him speak on this recent Finextra video clip , because although he's precisely the kind of guy that my company works round the clock to stop, his keen understanding of social vulnerabilities that trump the best security ... Tags: Payments, Risk & regulation

Cedric Pariente - Racine Alpha - Paris | 16/06/2009 | 2347 views

Authentication Factors

Reaction to the article of TowerGroup http://www.finextra.com/fullstory.asp?id=20137 Regarding the usage of "traditional" account information (name, address, birthdate...) as authentication factor, I guess we can say that, at least in Finextra Community, we know that this type of data has been compromised long before being put on the spot by the ... Tags: Cards, Online banking

Marite Ferrero - CardSwitch Technology - London | 16/06/2009 | 2891 views

Interchange Fees, Card Fraud and Merchants

Card Fraud can be eradicated but only if card issuers will take the reponsibility of implementing the correct solutions. The solutions that provide the best protection and which can eliminate card fraud have to be implemented by card issuers, on their side. Card Issuers are making the mistake of 'passing the buck' to merchants when these appropriat... Tags: Cards, Security