Digital Wallet Transactions to Reach $7.5 Trillion in 2022, Fraudsters Likely to Follow the Money
A recent study from Juniper Research forecasts substantial growth in payments made from digital wallets with increasing acceptance at...
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Fraud Practice
- Nov 5, 2021
- 2 min
Federal Reserve to Launch Real-Time Payments System called FedNow by 2024
The U.S. Central Bank will embark on its biggest investment in payments since becoming an ACH operator more than forty years ago. FedNow...
Fraud Practice
- Nov 4, 2021
- 2 min
First Data Acquires Digital Gift Card Distributor Transaction Wireless Inc.
Less than one year after the acquisition of digital gift card platform Gyft in 2014, First Data announced the acquisition of Transaction...
Fraud Practice
- Nov 3, 2021
- 2 min
Websites Can Let Customers Checkout Through Amazon
Amazon is reemerging as a third-party payment provider leveraging the hundreds of millions of Amazon buyers that already trust their...
Fraud Practice
- Nov 3, 2021
- 2 min
Most Businesses Realize Mobile Conversion Rates Below 1%
A recent survey and report from Adobe found that a significant number of business do not have a mobile app or mobile-optimized site while...
Fraud Practice
- Nov 2, 2021
- 1 min
Yandex.Money Purchased by Russia’s Largest State-Owned Bank
Towards the end of 2012 Sberbank, the largest state-owned bank in Russia, purchased 75 percent stake in the online payment service...
Fraud Practice
- Nov 2, 2021
- 2 min
Global Growth Expected in Mobile Commerce and Mobile Fraud
A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce...
Fraud Practice
- Nov 2, 2021
- 2 min
FDIC Warns There are no Safe Harbors for Mobile Payments
In a recent article from the FDIC’s Supervisory Insights publication mobile payments are discussed in terms of understanding and managing...
David Montague
- Nov 1, 2021
- 1 min
PayPal Expands In-Store Payment Trial with Home Depot
PayPal is currently trialing their in-store payment service in about 50 Home Depot stores but will be expanding to over 2,000 Home Depot...
David Montague
- Nov 1, 2021
- 2 min
Consumers Spending More Online per Purchase While Enjoying Better Discounts
A recent study utilizing a sample of eCommerce transactions since 2007 found that consumers were willing to spend almost twice as much...
David Montague
- Nov 1, 2021
- 1 min
Consumers Switching Back to Credit Cards
Visa recently released their fiscal fourth quarter earnings report detailing how much was spent on Visa credit and debit cards in the...
David Montague
- Sep 29, 2021
- 2 min
The Fed and FinCEN Propose to Lower Reporting Threshold on International Transfers to $250
The Financial Crimes Enforcement Network (FinCEN), along with the Board of Governors of the Federal Reserve, recently proposed new rules...
David Montague
- Sep 17, 2021
- 1 min
WELCOME TO NEWS & EVENTS
Welcome to The Fraud Practice’s FraudBlog; your source for updates on current events, commentary and best practices related to the...
David Montague
- Sep 17, 2021
- 3 min
Is Model-Based Fraud Scoring right for your business:
Model-Based Fraud Scoring is a technique used by merchants to predetermine the level of risk involved with an order in a card-not-present...
David Montague
- Sep 17, 2021
- 2 min
Should Legacy Rules-Based Systems be Ruled Out as New Marketplaces Emerge?
The accelerations in eCommerce Delivery, Marketplaces and the gig economy have companies scrambling to make better decisions, faster. ...
David Montague
- Sep 17, 2021
- 2 min
The Rise of Machine Learning and AI in the Fraud Prevention Industry
13% of organizations today have adapted Machine Learning and AI into their fraud detection protocols. Another 25% of organizations plan...
David Montague
- Sep 17, 2021
- 2 min
The Cost of Friction Versus Security with New SCA Mandates
In Europe, digital retail payments were to become more secure and less susceptible to fraud with the introduction of SCA. Yet a new...
David Montague
- Sep 17, 2021
- 2 min
Keeping a Close Eye on the SCA Regulations Influencing the Global Payments Industry
The EU has set the stage with its SCA (Strong Consumer Authentication) regulations designed to make digital payments more secure. The...
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