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10 DECEMBER 2018
This is the site of Card & Payments World, the well respected international newsletter providing in depth information on mobile, card and online payments. Subscribe to access this daily news and resource site. Subscribers also receive 11 printed newsletters a year.

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article thumbnail Friday, 05 October 2018

Crypto currencies used to launder US$88.6m, says report
Criminals becoming "early adopters" of new technology
Various stages of cybercrime explained
A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift. Read more ...

 
     

Latest feature
     
 
SPECIAL REPORT: Chinese payment giants “light years ahead”

Customer loyalty chief tenet of model
Alipay acceptance at 7-Eleven
US$15.5 trillion in mobile payments in 2017

China has embraced mobile payments with such enthusiasm, the rest of the world appear to be technology deniers. Alipay and WeChat, the main protagonists, score in terms of technology, user friendliness, number of users and ubiquity. Their data analytics are central to everything they do.


Read more ...
 
     
 
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article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 03 October 2018

Tesco Bank suffers first FCA cyber-crime fine
Reputation damage to group inevitable

Tesco bank has been fined £16.4 million penalty for cyber hacking that occurred two years ago. This is the first cyber fine issued by the FCA in the UK. For Tesco, it is a massive hit for its reputation as a trusted retailer and will have implications for the whole organisation and even its loyalty programme membership. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 18 September 2018

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 12 September 2018

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 September 2018

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors?
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 03 August 2018

Digital India project causes payment card spike
EMV migration plans accelerated
Credit and debit card fraud has jumped 42% in 2017, with much of the blame being attributed to the government’s desire to make the country cash free. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 25 June 2018

PayPal buys fraud prevention platform
Latest acquisition adds to spending spree
Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 22 June 2018

16 crypto-exchanges meet with Europol
Over 300 attend conference to discuss legitimate uses of currencies Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 21 June 2018

95 arrested in CNP fraud crackdown
Police operation across 28 countries Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 15 June 2018

Crypto exchanges and wallets failing to check customers
Lack of KYC means criminals and PEPs can trade freely Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 14 June 2018

Cryptocurrency thefts top US$1bn in six months
Exchanges are most vulnerable target Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 12 June 2018

Korean crypto exchange hacked
Attackers get away with alt coins Read more ...

Card & Payments World | News - Fraud and SecurityThursday, 24 May 2018

Bank chats with customers to stop fraud
Challenger enables ‘fraud conversation’ feature on app

Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 22 May 2018

The top 5 cyberattack threats to banks in 2018
Report identifies main ‘high tech wrecking balls’ Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 17 May 2018

Bank fears over APP fraud reimbursement plans
New code for push payment scams due in September Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 17 April 2018

Processors reveal top payment concerns of merchant clients
Value added services used to attract more merchants Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 03 October 2018

Tesco Bank suffers first FCA cyber-crime fine
Reputation damage to group inevitable

Tesco bank has been fined £16.4 million penalty for cyber hacking that occurred two years ago. This is the first cyber fine issued by the FCA in the UK. For Tesco, it is a massive hit for its reputation as a trusted retailer and will have implications for the whole organisation and even its loyalty programme membership. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 18 September 2018

Finally a bank prepared to prove their own identity
Barclays commitment to beating scammers
Well done for Barclays for being the first bank taking responsibility for proving their identity.  Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 12 September 2018

Report into Equifax breach highlights key areas of concern
145.5 million US and 15.2 million UK records were compromised - official
Failures in detection, segmentation and data governance have all been blamed for the massive 2017 Equifax breach. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 September 2018

Lloyds glitch shows up faults in disaster recovery
Lack of customer communication with social media lethargy hampers response
New report highlights poor communication amongst banks
Can lessons be learnt from other sectors?
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 03 August 2018

Digital India project causes payment card spike
EMV migration plans accelerated
Credit and debit card fraud has jumped 42% in 2017, with much of the blame being attributed to the government’s desire to make the country cash free. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 25 June 2018

PayPal buys fraud prevention platform
Latest acquisition adds to spending spree
Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 22 June 2018

16 crypto-exchanges meet with Europol
Over 300 attend conference to discuss legitimate uses of currencies Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 21 June 2018

95 arrested in CNP fraud crackdown
Police operation across 28 countries Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 15 June 2018

Crypto exchanges and wallets failing to check customers
Lack of KYC means criminals and PEPs can trade freely Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 14 June 2018

Cryptocurrency thefts top US$1bn in six months
Exchanges are most vulnerable target Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 12 June 2018

Korean crypto exchange hacked
Attackers get away with alt coins Read more ...

Card & Payments World | News - Fraud and SecurityThursday, 24 May 2018

Bank chats with customers to stop fraud
Challenger enables ‘fraud conversation’ feature on app

Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 22 May 2018

The top 5 cyberattack threats to banks in 2018
Report identifies main ‘high tech wrecking balls’ Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 17 May 2018

Bank fears over APP fraud reimbursement plans
New code for push payment scams due in September Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 17 April 2018

Processors reveal top payment concerns of merchant clients
Value added services used to attract more merchants Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 13 April 2018

Regulator warns of widespread cryptocurrency frauds
Investment promoters failing to disclose sufficient details

Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 09 April 2018

Gang used Bitcoin used to help launder over Eur8m
Cryptocurrencies increasingly utilised by crime groups, warns Europol Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 04 April 2018

New malware targets crypto and digital currencies
Copied payment details are modified to divert transactions Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 02 April 2018

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When using our online registration/membership services, as appropriate, you may be asked to enter your name, business email address, business mailing address, business phone number(s) or other details to help with the delivery of our services. No information is... Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 14 February 2018

Equifax admits breach was wider than reported
Senator demands company produces full details Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 13 February 2018

Italian cryptocurrency exchange loses US$170m
Founder denies claims of ‘exit scam’
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 13 February 2018

Financial services cyberattacks triple in five years
Breaches cost more to contain than in any other industry Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 12 February 2018

Global card fraud network broken up
36 people charged from crime empire that planned to steal US$2.2bn Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 08 February 2018

Mastercard names chief data officer
New role makes consumer privacy ‘central’ to company’s data strategy Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 08 February 2018

Cryptocurrency marketplaces hit by range of attacks
Up to 20% of all Bitcoin estimated to be in fraudsters' hands  Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 06 February 2018

Cybersecurity is top priority in EU action plan for fintechs
Strategy to improve co-operation between participants and regulators
Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 05 February 2018

Cryptocurrency mining rises up list of malware threats
Over half of global organisations now impacted Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 23 January 2018

More than 10% of money raised in ICOs is stolen
Research uncovers big risk in blockchain fundraising Read more ...

Card & Payments World | News - Fraud and SecurityThursday, 18 January 2018

Businesses urged to stop capturing payment card data
Cybercriminals increasingly targeting retail card data Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 19 December 2017

Cryptocurrency exchange files for bankruptcy
Administrators called in after second cyber-attack this year Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 13 December 2017

Banks forced to reveal more details on security incidents
New rules for customers also cover debit cards and accounts comparison data
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 13 December 2017

Major banks adopt ‘isolation’ web browsing
JP Morgan leads US$40m investment round in malware blocker Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 13 December 2017

AI tech combats card not present fraud
Capability used to target growing threat Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 22 November 2017

Details of Uber cover-up emerge
42,000 email addresses posted on Dark Web Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 15 November 2017

Banks form company to manage third party risk
Major institutions pool expertise to address escalating challenges Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 07 November 2017

Banks to be more liable for push payments fraud
New proposals would require customers to be compensated Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 03 November 2017

Hackers use new Trojan to attack banks
FIs in Russia, Malaysia and Armenia affected Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 01 November 2017

Equifax faces deluge of class action suits
Former CEO blames one employee for breach Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 13 October 2017

Hackers switch focus from banks to cryptocurrencies
Sate-sponsored attacks on infrastructure n increasing threat to FIs
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 03 October 2017

Equifax breach worse than suspected
US numbers increased, Canadians downgraded Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 26 September 2017

Equifax CEO steps down
Company initiates search for new boss after massive data breach Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 19 September 2017

Equifax latest: Criminal investigation into breach
Senators propose new data law following revelations
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 18 September 2017

Equifax security chiefs depart after breach
– Patch failure helped enable intrusion
– UK customer data compromised due to ‘process failure’ Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 15 September 2017

‘200,000 card details’ stolen in Equifax breach
Networks send alerts to banks Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 13 September 2017

Is bitcoin “a fraud”?
Bank CEO says he would dismiss any trader dealing in it Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 12 September 2017

Analysing the Equifax breach
143 million Americans and 44 million Brits have details stolen
A data security breach is bad news for any company, but when it happened to Equifax, which makes its living by telling customers to use their services to prevent fraud, the fall out was predictable. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 31 August 2017

PCI security failures stick at 50%
“No compliant company has ever suffered a data breach”
Despite stringent Payment Card Industry (PCI) rules, nearly half of companies recently assessed are failing to secure their payments systems from hackers. Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 16 August 2017

Payments fraud outsourcing model from ai
Tech firm will be fully liable for any fraud losses
Read more ...

Card & Payments World | News - Fraud and SecurityFriday, 04 August 2017

Ransomware ‘hero’ arrested in US
Allegations of involvement with Kronos malware Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 31 July 2017

US consumers fear bank and ID fraud more than terrorist attacks
Loss of money or personal data cuts deep Read more ...

 
     
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