Payment Fraud - All News And Posts By Crowdfund Insider

Nationwide Building Society Reportedly Stops 2,000 More Online Shopping Frauds with SCA

May 15, 2022 @ 10:35 pm By Omar Faridi |

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More

Read more in: Fintech, General News | Tagged banking, digital transactions, europe, financial services, fraud, fraudulent activities, matt cox, nationwide, nationwide building society, payment fraud, payments, sca, strong customer authentication, survey, uk, united kingdom

Transaction Disputes Surge as Supply Chain Disruptions Continue, Verifi Reports

May 3, 2022 @ 8:35 am By Omar Faridi |

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More

Read more in: Fintech, General News, Global | Tagged card not present, cnp, fraud, lisa polter-tennant, payment fraud, payments, research, Research Report, supply chain, supply chains, transaction disputes, verifi

Bill Sytsma: Senior Vice President at Callsign Reveals How Authorized Push Payment Fraud Poses Threats for Consumers

April 17, 2022 @ 8:00 pm By Omar Faridi |

We recently connected with Bill Sytsma, Senior Vice President at Callsign, a digital trust pioneer servicing some of the top banks in the US, to discuss authorized push payment (APP) fraud. Bill began working at Callsign in January 2021, where he is responsible for the… Read More

Read more in: Featured Headlines, Fintech | Tagged app, automated push payment, banking, bill sytsma, callsign, Customer Experience, cx, digital transactions, financial institutions, financial services, fraud, fraudulent transactions, interview, p2p applications, payment fraud, payments, scam, scams, united states, us, zell payments, zelle

Survey by UK Fintech Modulr Reveals that Consumers Feel More at Risk of Becoming Targets of Online Fraud

November 1, 2021 @ 10:52 am By Omar Faridi |

UK-based Fintech firm Modulr notes that unless you’ve been living in a completely different digital dimension, you can’t have “failed to hear about the data breaches and high-profile phishing scams that have been hitting the recent headlines.” The team at Modulr writes in a blog… Read More

Read more in: Fintech, General News, Global | Tagged cybercrime, europe, financial crime, fraud, illicit activities, modulr, payment fraud, payments, research, survey, uk, united kingdom

European Banking Authority Releases Report on Data Provided by PSPs on SCA Compliance Readiness

June 14, 2021 @ 3:41 pm By Omar Faridi |

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged banking, compliance, digital commerce, digital transactions, e-commerce, EU, europe, european banking authority, european union, fraud, payment fraud, payment service providers, Payment Services Directive, payments, psd2, psps, sca, strong customer authentication

UK Fintech Modulr Reportedly Becomes First Non-bank or Building Society to Join Confirmation of Payee Service

September 5, 2020 @ 3:32 pm By Omar Faridi |

Earlier this week, Modulr reportedly became the very first non-bank or building society to join the Confirmation of Payee service, which allows people to check whether the payment details they’ve provided for an individual or company match the details that are held by the recipient’s… Read More

Read more in: Fintech, Global | Tagged brian cunnington, confirmation of payee, financial fraud, fraud, fraud prevention, fraudulent activities, fraudulent transactions, modulr, Myles Stephenson, pay.uk, payment confirmation, payment fraud, uk, united kingdom