Payments News

On The Web

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Risk & Fraud

Feedzai To Help Credorax Fight Merchant Fraud

“A technology company founded in 2008 that was among the first to transition into a fully-licensed commercial bank, Credorax credits itself as the first bank designed for e-commerce. A specialist in merchant acquiring, the firm has merchant acquiring banking licences in 32 countries in Europe. Founded in 2008 and headquartered in San Mateo, California, Feedzai […]
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Global

Safaricom Exploring Use of Biometrics in SIM Swap Requests

“We recently highlighted that at least 22 suspects had been arrested in connection with the recent SIM swap fraud cases that got public attention after it was brought to light just how many millions of shillings scammers mint from unsuspecting Kenyans through social engineering that leads to SIM swapping and eventually looting of money through mobile money […]
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Risk & Fraud

It’s time to get serious about first-party fraud

“First-party fraud involves a person making financial commitments or defaulting on existing commitments using their own identity, a manipulated version of their own identity or a synthetic identity they control. With the identity owner involved, a critical piece of the puzzle is lost. Because fraud “treatments” tend to be all-or-nothing and rely on a victim, the […]
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Risk & Fraud

PayPal, Square vulnerabilities impact mobile point-of-sale machines

“Security flaws in mobile point-of-sale (mPOS) devices from vendors including Square, SumUp, iZettle, and PayPal have been disclosed by researchers.  Thursday at the Black Hat conference in Las Vegas, security experts from Positive Technologies said that vulnerabilities present in mPOS machines could allow unscrupulous merchants to raid the accounts of customers or attackers to steal […]
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On The Wires

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