Community
A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.
As the owner, you will also give up ownership if you leave this group.
Stan Cowan
As more and more banks implement an omnichannel experience to serve their customers, it’s clear that fraud management needs to follow suit. Consider the limited scope of branches as digital transactions and applications become normalized. Or even digital and embedded lending services or multi-platform customer service options. All of these channel...
20 December 2022 /regulation /crime
Retired Member
Those working in the financial services are constantly facing a fraud dilemma that is unlikely to end, seeing fraud surge 24% during the COVID-19 pandemic alone. Financial institutions (FIs) are still struggling to find the right solution that can balance making real use of their data via analytics and collaboration, whilst remaining completely co...
24 October 2022 /security /crime
How can the payments and fuel industries get prepared for the adoption of future vehicle technologies? Building a greener and more sustainable economy means consumers need to change how they consume, and businesses need to change how they produce and adapt their offerings to better meet consumer demand. Many businesses are realising they will benef...
26 April 2022 /payments /crime
Jackie Barwell Director at ACI Worldwide
Against the backdrop of continuing economic uncertainty, financial fraud will continue to thrive in 2022, with fraudsters expected to exploit consumers across all digital channels. Sadly, the industry has not yet solved the age-old question: “Who are you?”. And as it stands, fraudsters, in many cases, are winning the war when it comes to financial...
16 December 2021 /crime /predictions
John Bertrand MD at Tec 8 Limited
APP fraud is rocketing, up 70 per cent in six months, and likely to be a multi billion business shortly. No one is surprise to learn that the Bank of England, Pay.UK and UK Finance (The Collaboration) have joined forces in defining a new data model to mitigate Authorised Push Payment Fraud and reduce friction in the payment process, e.g. misdirec...
16 November 2021 /payments /regulation
Working from home has become “the norm” for many of us, as COVID-19 forced the closures of traditional offices, people across the world moved into hastily converted kitchens, sheds, dining rooms and spare bedrooms to create homeworking spaces. In the UK alone nearly 70% of us are still working from home in some capacity, whether it’s on a full-tim...
15 November 2021 /payments /crime
Steve Goddard FME at Featurespace
A recent survey found that 93% of respondents agreed that fraudsters have become more diverse and that the speed of innovation has increased with it, resulting in greater complexity when detecting their behaviour. This stat flashed up in my mind on one of many zoom calls I attend, engaging with peers to try and get some normalcy in my life, when ...
29 June 2021 /payments /crime
Ron Hynes Chief Executive Officer at Vesta
Delivering a great shopping experience is about more than just the shopping, it's about the paying too. However, today merchants are so hyper-focused on the risk of fraud and attacks, the ease of checkout often suffers, leaving customers frustrated and carts abandoned. Rigorous risk mitigation tools can cause friction in the payment process. Mult...
16 June 2021 /security /payments
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
The experience of lockdown has turned many consumers into a captive but willing audience for streaming entertainment and subscription services. Stuck at home with children or friends and relatives to entertain, consumers may have taken advantage of the large number of free trials on offer throughout the lockdown. These services provided households...
13 August 2020 /payments /covid-19
Brands have been encouraging consumers to move their shopping online for years. As a result of the COVID-19 pandemic, this has happened all at once. Even as lockdowns ease around the world, many stores and outdoor venues will remain closed or running at a reduced capacity. In the meantime, it’s easy to predict that commerce will remain digital-fir...
31 July 2020 /payments /covid-19
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.