http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/index.php Payments Cards and Mobile authoritative editorial coverage and broadly-based circulation to all the major players in the payment cards and mobile industry. en-gb Copyright 2009, Payments Cards and Mobile 2009. kaye@paymentscm.com Sat, 04 Feb 2012 19:55:23 +0000 Sat, 04 Feb 2012 19:55:23 +0000 Fraud and Security In house http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1397 UK online merchants are bucking the downward business trend and expectingandnbsp;continued growth in 2012 according to the eighth annual UK Online Fraud Report, an independent survey undertakenandnbsp;by CyberSource. Digital goods businesses are growing particularly strongly; thoseandnbsp;anticipating growth in 2012 are forecasting an average 33% increase in online revenues. Tue, 24 Jan 2012 15:56:32 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1396 Financial services firms and credit card processors will be obliged to report incidents of lost or stolen data within 24 hours of a breach, according to new EU rules set to be introduced Wednesday. Tue, 24 Jan 2012 15:09:47 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1394 ValidSoft has partnered with leading research house Opus Research to produce a report titled, Voice Biometrics Authentication Best Practices: Overcoming Obstacles to Adoption. The study, led by Dan Miller, senior analyst at Opus Research, evaluates previous voice biometric projects as well as the current industry landscape in order to identify a number of best practices to rolling out the technology and taking the industry forward. Thu, 19 Jan 2012 18:09:04 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1357 Some financial industry professionals cite flaws in the EMV payment standard that could complicate its US adoption. Wed, 09 Nov 2011 09:56:42 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1355 Experts say that it will take several years before EMV chip-and-PIN technology becomes a significant factor in curtailing card skimming fraud in the US. Wed, 09 Nov 2011 09:52:29 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1349 Big banks and card schemes are among a list of 26 companies that are working with the UK government on the creation of a new personal identity system for consumers transacting online. Thu, 03 Nov 2011 16:24:32 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1347 Sophisticated criminals are using reverse-engineering techniques to gain access to individual bank accounts and to banking software systems, giving rise to a threat of widespread theft and fraud. Thu, 03 Nov 2011 12:32:21 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1335 Sophisticated criminals are using reverse-engineering techniques to gain access to individual bank accounts and to banking software systems, giving rise to a threat of widespread theft and fraud. Thu, 20 Oct 2011 09:29:29 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1334 The latest Fraud Index from Experian, the global information services company, has revealed that identity fraud attempts doubled in the first half of 2011,andnbsp; compared to Q4 in 2010. This pushed up the overall level of application fraud attempted against UK financial services firms for the third successive quarter. Mon, 17 Oct 2011 09:26:48 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1327 Hackers are using cheap consumer hardware to crack even the most complex passwords in a matter of seconds, according to tests run by server hosting firm UKFast. Wed, 05 Oct 2011 15:14:54 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1326 Fraud losses on UK cards and online banking fell during the first half of the year as new initiatives to combat criminal activity saw fraudsters return to low-tech scams involving cheques and socially-engineered telephone deception. Wed, 05 Oct 2011 15:12:20 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1323 Betfair failed to inform over two million customers that their card details were stolen in a cyber-attack 18 months ago. The online bookmaker also neglected to mention the breach in its listings prospectus ahead of a floatation in October. Mon, 03 Oct 2011 09:20:03 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1322 Online shoppers plan to buy more goods online this holiday season, although they are more concerned about online fraud, according to a joint Ponemon Institute/ThreatMetrix survey. Mon, 03 Oct 2011 08:57:23 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1311 Retail Decisions (ReD) has announce its Fraud Alert service, which enables issuers and merchants to easily exchange vital information in the fight against fraud.andnbsp; As the most significant modern advance in fraud detection and prevention in recent years, ReD Fraud Alert has been proven to drastically reduce merchant chargebacks by 43% as well as the risk of consumers falling victim to fraud. Wed, 21 Sep 2011 13:11:26 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1309 FutureCard says its highly developed card manufacturing and personalization unit in Sharjah, UAE has received Security Accreditation Scheme (SAS) from the GSM Association. This certification authenticates that FutureCard smart card production and personalization processes, as well as its entire site functions meet the GSM Associations stringent principles for security and data protection programs. Wed, 21 Sep 2011 08:52:44 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1284 HSBC Merchant Services LLP, a wholly-owned subsidiary of Global Payments and one of the largest independent payment processors in the UK, has launched a new service to help businesses ensure that their customers transactions are secure against fraud. Mon, 12 Sep 2011 10:51:21 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1276 Mobile payments are being touted as the next big thing for consumers but could pose a financial risk when mistakes are made by merchants or if a phone is lost or stolen and used to make fraudulent charges. andnbsp;Consumers Union, the nonprofit publisher of Consumer Reports, is calling on wireless carriers to make sure consumers are protected from mobile payment fraud and mistakes by adopting strong safeguards in customer contracts. andnbsp; Wed, 31 Aug 2011 11:29:31 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1268 With NFC gathering momentum, the use of modern mobile phones to simplify and add convenience to tasks such as banking and shopping is here to stay, says BullGuard. However, with the majority of mobile users still slow to consider security for a handheld, many could be leaving their financial details vulnerable to third party attack. Wed, 31 Aug 2011 10:47:32 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1247 Fundtech has released a new white paper investigating the widespread cyber crime challenges faced by banks and how to fight them. The white paper includes insights from fraud and cyber crime experts from the FDIC, FBI, MandT Bank and NICE-Actimize. Wed, 31 Aug 2011 08:40:37 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=1246 Crooks broke into the computer network of FIS earlier this year, upped the limits on pre-paid cards, cloned them and then withdrew $13 million from ATMs around the world, according to security blogger Brian Krebs. Tue, 30 Aug 2011 16:15:07 +0000