Banking 2020

NOVEMBER 24, 2015

First the good news – banks in Britain stopped nearly £1 billion in attempted fraud in the first six months of 2015. Banks prevented £7 in every £10 of attempted fraud, according to Financial Fraud Action (FFA) UK, which reports that losses on payment cards, online and telephone banking and cheques totalled £325.3

Fraud 40

Fraud Cards Cyber Security System 40

PYMNTS

MAY 16, 2016

While Lending Club generally focuses its services on consumers, the implications of Laplanche’s resignation have echoed throughout the SME lending space as well and could see a further decline in banks backing small business loans offered through marketplace platforms. 65% of U.K. and U.S.

Fintech 108

Fintech Lending Fraud Cards 108

Banking 2020

NOVEMBER 28, 2015

Researchers have detailed one such case in France that they say is the “most sophisticated smart card fraud encountered to date”. These were card-present frauds that managed to nullify the PIN. The authors noted: “Until the deployment of CDA, this fraud was stopped using network-level counter-measures and PoS software updates.”

Fraud 40

Fraud Cards Security Analysis 40

Banking 2020

SEPTEMBER 14, 2015

Losing your phone is bad enough without identity fraud on top of it. Yes, entering your username and password every time you log in to a mobile banking app (or any app that involves payments) can be a hassle, however, if anyone gets their hands on your phone, they have total access. .

Mobile 40

Mobile Cards Apple Online 40