Crime typologies are shifting. Today, Fraudsters have a global reach and an easy access to vast data collected as a result of data breaches. This makes the problem pertaining to the security of consumers’ personal information never-ending. As we progress to 2018, fraudsters discover new ways to contaminate the space for more money providing an
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The world might seem smaller in this digital age probably as a result of the diversity of online business, payment landscapes and the resulting singularity of fraud patterns. The continued year on year growth in online shopping fueled by consumers’ demand poses significant challenges to merchants. The dynamic e-commerce business shows no signs of abating.
Enabled by advanced technology, the continued year on year growth in online shopping has been fueled by consumer’s demands for greater convenience and value. For businesses, this trend poses both significant challenges and opportunities. Today, consumers are shopping round the clock and virtually from everywhere. In a truly global online marketplace, products can be easily
There’s a lot to be vigilant about for businesses between now and the year 2020. As we migrate to a world of real-time fulfillment and digital downloads, the response time to fraud attacks is constricting. Data security breaches and scams are becoming more sophisticated with card payment fraudsters elevating their game and empowered by technology.
In a world of digital transactions and open communication, payments habitat is vulnerable to credit card fraud. Credit card fraud can be disruptive to an organizational framework, damaging a business’s credit report and can often be taxing for a company to investigate its root cause. To avoid premature discovery, fraudsters engage in low-level testing also
As cyber threats continue to dominate the payment industry, organizations are constantly in search to protect their data from breaches and other malicious activities. In the year 2017 – A stark rise in cyber-attacks was observed, a proof of impending dangers a clear indicator of what lies in store for 2018. A recent study predicted
The steadily rising connection of individuals, companies and countries to the Internet has emerged among the most transformative means to ignite sustainable growth. However, with every advancement in the digital world, cybercriminals have become more sophisticated in their techniques. Growth in connectivity between digital and the physical world expands the potential avenues for the rise
Non-traditional merchants are challenging the established matrix of the payments industry, leading towards customer-centric innovation. In the contemporary scenario, customers were increasingly demanding higher levels of service delivery and value added offerings from merchants. If merchants don’t adopt these technological innovations, they will remain in jeopardy of being overshadowed irrespective of their strong traditional fabric.
The CNP Awards 2018 recognizes QPS for delivering exceptional fraud detection and prevention solutions to drive brand value and transform consumer experience. For the second time in a row QPS has been nominated under the category of Best Anti-Fraud Solutions for this prestigious award. The 2018 CNP Awards are held as a part of the
Same Day ACH, Phase III is set to take the center stage in March 2018, setting a high standards for global banking eco-system. It is developed as an immediate solution to respond to market demand, from both businesses and consumers, to move money faster. Post March 16, 2018, all financial institutions (FIs) are required to provide end-of-day