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A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.
:-) Getting warmer... Using VBV is very much like locking your front door but leaving your windows open. I have said this in 2001 to a VISA security executive : "VBV or 3DSecure's weakness is ...
Toys R US' comments made me laugh. If police found that the skimming device was used to save PIN and card numbers (meaning that Toys R Us accepts pin authenticated card transactions), then why would T...
This kind of news actually make the Central Bank of UAE and authorities in the UAE truly 'seem' uninformed. Anyone in the payment security business (fraudsters as well) know that this will not solve t...
"According to press reports, the investigation began in March after Brussels-based e-payments outfit Atos Worldwide told authorities that cash withdrawals were being made overseas using cards cop...
French police have arrested six people in their investigation into the high-profile fraud attack on President Sarkozy, but believe they are only minor figures in a wider plot. What's more interesting ...
https://www.finextra.com/fullstory.asp?id=18325 Banks should offer solutions that consumers would readily take up because the solution solves the problem and because they feel secure and confident abo...
Well, the intention is good but these card numbers need not necessarily have to be stolen to be used. The luhn-digit algorithm check is easy enough to use to be able to come up with valid card numbers...
The news that "the Bank for International Settlement (BIS) has issued a consultative document seeking feedback on ways to address... ...the lack of transparency in payment messages used for cross...
The UK's House of Lords is calling on the government to make banks legally responsible for losses incurred by customers through electronic fraud (https://www.finextra.com/fullstory.asp?id=18699). That...