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Transaction Fraud Systems and Analysis

A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.

Retired Member

Retired Member 

How to Detect and Prevent Transaction Reversal Fraud - UK Edition

On November 21st, a security alert from NCR was issued describing a new form of Transaction Reversal Fraud (TRF) occurring in the UK, typically between 10 PM and midnight on any given day. Contrary to previously reported TRF attacks in which cash is pried from the dispenser after a payment reversal is initiated due to the jamming of the card reade...

/security /payments

Paul Shumsky

Paul Shumsky Technology Advisor at Entrepreneur

4 Myths About Blockchain

While the use of Blockchain may provide transformative advantages over other technologies in some cases, they are not a panacea and do not magically solve every problem. Many publications, reports, and news articles focus primarily on the ‘pros’ (and occasionally exaggerate the positive impact Blockchain technology can have) without mentioning or ...

/security

Jackie Barwell

Jackie Barwell Director at ACI Worldwide

How knowledge of your customers can help fight fraud

The eCommerce industry is continuing its rapid growth and the lines between physical and digital shopping are becoming increasingly blurred. This change in the way consumers conduct purchases is creating a number of challenges for merchants, especially when it comes to customer visibility and fraud prevention. Providing a good customer experience...

/security /regulation

Sean Neary

Sean Neary Senior Product Officer at Featurespace

The Sting in the Long Tail of Cyber Hacks

The finance world may still have concerns after it was revealed that British Airways (BA) was victim to a two-week long hack that resulted in 380,000 payments being compromised in August. And while everyone might be on high alert today for how fraudsters will use this data trove, the real risk may come further down the line. The hackers used “very...

/ai /security

Retired Member

Retired Member 

Zero Ambiguity Fraud Management

I continue to be surprised by the lack of analysis and focus on operational efficiency when it comes to understanding all aspects of fraud prevention. Organisations spend a lot of time on improvements and removing ambiguity within their teams. It is a constant, ongoing activity, across all businesses. The same needs to be true with fraud, and I be...

/ai /security

Retired Member

Retired Member 

Zero Ambiguity Fraud Management

How to select the correct operational option to help your organisation beat fraud By Dr. Mark Goldspink is CEO of The ai Corporation I continue to be surprised by the lack of analysis and focus on operational efficiency when it comes to understanding all aspects of fraud prevention. Organisations spend a lot of time on improvements and removing am...

/ai /security

Retired Member

Retired Member 

How Artificial Intelligence will disrupt online shopping!!!....

Introduction How many of you think that e-commerce is come of age? A friend of mine was telling me how she finds browsing through 80,000 dresses online to find that one perfect dress for a date the most tedious thing to do. And rather prefers to go to one store with 20 limited and options and pick one dress that is the best from among them. The di...

/ai

Varun Maggon

Varun Maggon Senior Business Consultant at CustomerXPs Software Pvt. Ltd.

Countering Remittance Frauds with an Enterprise-wide Fraud Management Approach

Cybercrime continues to be an unending botheration for banks. While the focus of attempts and attacks until recently, tended to be on the banks’ customers (via card and account detail compromises), of late fraudsters have become more sophisticated and have raised the stakes. They have shifted their focus and are now directly targeting banks. They ...

/payments /regulation

Retired Member

Retired Member 

Real-Time Forensics: Effective Strategies to Combat Payments Fraud

The wave of payments fraud that continues to sweep the globe shows no signs of receding, leaving the financial services community anxiously in search of reliable ways to stay one step ahead. Just as payment processing becomes faster, so too are the cyber attackers moving quickly to find new ways to compromise sensitive data, transactions, and infr...

/security /payments

Ben Marsh

Ben Marsh CEO at iMeta Technologies

How can you really Know Your Client if you don’t have the full picture?

KYC is essential for two key reasons; the first is to ensure financial institutions are not enabling criminal activities and secondly to optimise important client relationships. It is now mandatory for all firms to be able to demonstrate that watertight KYC procedures are in place across every department within the organisation. Compliance needs t...

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