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Too Much Security? There’s No Such Thing

PYMNTS

Retailers are retailers, not security experts. Too often, their best efforts can create friction at the point of sale for consumers, which leads to shopping cart abandonment and lost revenue, all while feeding the illusion of “too much security.”. There’s never ‘too much’ security,” Grant said.

Security 131
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Why Using Rules Of Thumb To Predict Fraud Is A Fail

PYMNTS

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. The rule of thumb here is that after committing account takeover fraud, those fraudsters lie in wait before using the stolen account.

Fraud 159
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EBA CLEARING Introduces R2P Specs For European Solution

PYMNTS

He added that payment service providers (PSPs) and payment operators have worked diligently “to create both critical mass and pan-European reach.” . A pan-European request to pay solution is considered “missing piece of the puzzle” for real-time payment services, according to an EBA white paper. “As

Analysis 130
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New NACHA Rule Could Catch Payment Processors, Merchants, FIs Off-Guard

PYMNTS

That implies an ease of use while giving up nothing when it comes to security. The rule change not only could bring more work for financial institutions and payment service providers, but also underscores the effort needed to bring more payments into the digital age with faster speed and more security — all part of that general ideal.

Payments 178
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Russia Prepares For SWIFT Exit With Blockchain

PYMNTS

Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper. Using Masterchain will reduce operating costs by up to five times, the white paper claims, and will accelerate contract processing.

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Customer Support at Abrigo Provides Peace of Mind

Abrigo

As most operations have shifted to a digital-first world due to the coronavirus pandemic, institutions have had to adjust and adapt new technologies to stay competitive and thrive during these times. We understand the trust you put in us when you use our BSA/AML and fraud software and we make the same investment in your program’s success.

Software 195
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Brexit A Boon For Blockchain?

PYMNTS

Late this month, a study from Nexus found that across 200 businesses surveyed, more than half of large and mid-sized companies queried are looking to adopt blockchain in an effort to mitigate operational risks in the wake of Brexit. As reported in July via white paper, the U.K.