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20 NOVEMBER 2017
This is the site of Card & Payments World, the well respected international newsletter providing in depth information on mobile, card and online payments and this is our daily news and resource site for subscribers who also receive 11 printed newsletters a year and three glossy magazines.

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Wednesday, 15 November 2017

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

 
     

Latest feature
     
 
Money 2020 report: Getting ready for the reinvention of payments

Prime focus on blockchain, cryptocurrencies, AI and AR

Trying to sum up the main trends and discussion points from a conference as massive as Money 20/20 is not an easy task but as always, there are some subjects that gain the biggest audiences and yet again, blockchain was one of them.
Read more ...
 
     
 
Don't miss
     
  IN THE LATEST EDITION OF CARD & PAYMENTS WORLD

AMAZON: Partner or rival for the payment networks and banks?
PAYEXPO EUROPE AND MONEY 20/20:
Exclusive reports on the big news from industry events
ICELAND:
Country report with extensive data and analysis
REGULATION:
Fintechs hit out at lack of bank access
RESEARCH:
Latest data on the global payments market with charts and figures
BLOCKCHAIN:
Mastercard opens up its API
DIGITAL PAYMENTS:
Emerging economies outpace mature markets

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Month's news
 
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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 ...

Card & Payments World | News - Fraud and Security
Hackers use new Trojan to attack banks
Friday, 03 November 2017

Card & Payments World | News - Fraud and Security
Equifax faces deluge of class action suits
Wednesday, 01 November 2017

Card & Payments World | News - Fraud and Security
Equifax CEO steps down
Tuesday, 26 September 2017

Card & Payments World | News - Fraud and Security
Equifax breach worse than suspected
Tuesday, 03 October 2017

Card & Payments World | News - Fraud and Security
Equifax faces deluge of class action suits
Wednesday, 01 November 2017

Card & Payments World | News - Fraud and Security
Hackers use new Trojan to attack banks
Friday, 03 November 2017

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 ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 July 2017

Massive CNP jump in annual payments fraud figures
UK and France show greatest losses: Poland and Sweden are biggest risers
FICO has released its annual interactive map of European card fraud, which shows that card fraud losses for 19 European countries hit approximately €1.8 billion, a new high. The biggest jump Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 21 June 2017

76 held in international eCommerce fraud crackdown
Arrests linked to 20,000 fraudulent transactions Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 13 June 2017

No respite from payments cyberattacks
Email and account takeover are biggest threats Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 30 May 2017

Infineon launches ‘post quantum cryptography’ security
Defence against quantum computing potential to defeat current encryption methods Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 25 May 2017

Target to pay US$18.5m damages to US states
- Retailer pays despite breach due to a theft of credentials from third party vendor
- US$10m consumer class action settled last week
Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 23 May 2017

Swift issues customer security guidance
New controls policy Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 17 May 2017

PCI compliance cheap compared to EU GDPR say experts
If you thought PCI was expensive, then just wait for  the upcoming General Data Protection Regulation (GDPR). Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 15 May 2017

Russian banks fend off cyberattack
Banks in Russia have been targeted by a massive cyberattack, according to the country’s central bank. Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 28 April 2017

Financial data breaches skyrocket
Compromised records up by 937% in 2016 Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 25 April 2017

Cybersecurity spend not keeping pace with breach costs
Fines and business costs dwarf expenditure levels Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 12 April 2017

SWIFT launches real-time payment controls
New fraud and cyber-crime prevention service to flag suspicious transactions Read more ...

Card & Payments World | News - Fraud and SecurityMonday, 10 April 2017

Major Nordic banks combine to tackle cybercrime
Norwegian initiative expands across region Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 07 April 2017

Cybersecurity hampers bank fintech collaborations
Institutions struggling to innovate quickly enough Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 04 April 2017

Europe and US banks fall short on email cyber-risk
More banks should deploy protocol to protect ecosystem Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 03 April 2017

US fraud increases both online and offline
Skimming and CNP attacks on the rise Read more ...

Card & Payments World | News - Fraud and SecurityThursday, 30 March 2017

CNP drives 2% financial fraud increase
Mobile and biometrics provide long term solutions to ongoing problem Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityWednesday, 29 March 2017

Global data breaches up by 86%
Number of FS breaches down, but total amount of records stolen rockets Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 23 March 2017

Banks need their own cyber watchdog
Treasury committee head brands current system ’opaque and headless’  Read more ...

Card & Payments World | News - Fraud and SecurityThursday, 16 March 2017

Concerted effort to pause rise in financial fraud
Take Five Day asks customers to stop and think
Financial Fraud Action UK is running a campaign today to highlight the UK£2m lost each day to fraud. The total lost to financial fraud in 2016 was £768.8 million, an increase on the £755 million lost in 2015.
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 21 February 2017

80% think mobile wallets are secure
US and Indian consumers have most faith in ability of organisations to safely store their data Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 10 February 2017

GoCardless hit by burglary
Low-tech crime puts customer data at risk Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 09 February 2017

Customers trust bank security more than banks
Gulf between consumer perceptions and reality Read more ...

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

AI fraud prevention tool for banks
Solution for early detection of cyber hacks Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 10 January 2017

Ten-year Kuwait sentences for card fraud gang
12 members of international group convicted Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 06 January 2017

“Major bank will fail after cyber-attack” claim
2.5 million attacks reported in last year Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 13 December 2016

Tesco Bank attack may be down to numbering error
FCA contacts other banks to check their systems Read more ...

Card & Payments World | News - Fraud and SecurityWednesday, 07 December 2016

Amex buys digital security provider
Acquisition to boost mobile anti-fraud capabilities Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 01 December 2016

Trustech latest: Call for more focus on IoT security
Up to 30 billion connected devices by 2020 Read more ...

Card & Payments World | News - Fraud and SecurityTuesday, 22 November 2016

15 arrests after cross-continent card fraud operation
Police in Finland, Spain, UK and Canada take part Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 17 November 2016

Tesco hack may have used cloned cards
Mass-cash-out using cards may have taken place, says security analyst Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 11 November 2016

Malware linked to Tesco bank attack
Many other banks at risk, claim researchers Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 08 November 2016

How much would Tesco pay under GDPR?
Question arises of whether subsidiaries or parent companies will be held responsible for breaches Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 07 November 2016

Tesco hack raises serious bank security questions
Current protect-detect-react model has “inherent flaw” Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityThursday, 27 October 2016

Nets cards hacked
Processor says foreign eCommerce company was compromised Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 25 October 2016

Global card fraud losses up by 20%
US accounts for nearly 40% of total Read more ...

 
     
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