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Bank wire fraud – How social engineering and technology perpetrate fraud losses

Abrigo

Takeaway 1 Bank w ire transfer fraud is increasing due to technological advances today. Takeaway 3 Education and technology tools are our best defense against b ank wire transfer fraud in our institutions. While wire transfers offer speed and efficiency, they have always carried inherent risks.

Fraud 195
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Mastercard Debuts NextGen Contactless Technology

PYMNTS

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. Ecos’s specifications say that any device will be able to be used as a payment device, making it less necessary to carry backup cards or payment methods.

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SIA, INFORM Team Up To Advance Digital Payments Authentication

PYMNTS

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe.

Payments 165
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Cloud Technology For FIs, Debit Cards, Potential Credit Card Default Crisis Top This Week’s News

PYMNTS

We have deep dives into cloud technology for financial institutions (FIs), debit cards and a potential credit card default crisis. Synchrony CEO Warns Of US Credit Card Default Crisis. PYMNTS explores why FIs have to reconsider their applications of the cloud and other tools, to make technology-oriented banking. .

Cards 142
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Mastercard Grows Its Digital-First Card Program In North America

PYMNTS

As demand increases for digitally-driven money management solutions, Mastercard has expanded its Digital-First Card Program in North America. Consumers also have fast digital access to card information, including the 16-digit number, CVC2, expiration date and customer service information.

America 251
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SIA, INFORM Team Up To Advance Digital Payments Authentication

PYMNTS

European tech firm SIA is forming a technological partnership with German software innovator INFORM to launch a digital service to speed up the authentication process for online payments across Europe.

Payments 130
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CFPB issues request for information on consumer credit card market

CFPB Monitor

The CFPB has issued a new request for information about the credit card market that seeks comment on two related, but separate, reviews. The RFI includes citations to each of the CARD Act rules and further information about their content.). (The CARD Act Review. Section 610 Review. Debt relief and settlement.

Cards 78