Tag Archives: fintech

Digital Wallets – Are We Drifting Away From Secure Payment System

Mobile wallets are driving us towards a cashless world and the future seems imminent when digital wallets will outpace other payment methods. Consumers are getting comfortable storing their debit/credit cards, prepaid cards, gift cards, and bank account information digitally on their mobile devices for the convenience of payment. Below are some quick mobile wallet features

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Data Breaches Expanding the Cybercrime Realm in Every 39 Seconds

In 2018, 2.8 Billion consumer data records in the US alone were exposed with personally identifiable information (PII) making up 97% of the total information. As per recent reports published during January 1, 2018 to March 31, 2019, the compromised records led to losses totaling more than $654 Billion. Healthcare industry is by far the

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Advance to Technology Driven Community Banking

2019 ICBA Capital Summit – the finest platform for community bankers is going to take place at the Grand Hyatt Washington Hotel from April 28 to May 1, 2019. The Capital Summit for Independent Community Bankers of America (ICBA) is the place to be, if regulatory and tax relief, mortgage reform, and agricultural lending are at

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FRED®: Harnessing the Power of AI for Robust Fraud Prevention

Quatrro Processing Services (QPS) is exhibiting its suite of advanced fraud prevention solutions at CUNA GAC 2019, Booth # 634 from March 10th to 14th, 2019 between 10 AM to 11 AM (GMT). This year, QPS showcases AI driven Fraud Reduction Early Detection (FRED®) Platform, enabling real-time cross channel fraud detection, monitoring and case management

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Drawing a Healthier Balance Between AI & Human Intelligence

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.

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5 Cyber Security Trends Set to Impact the Payment Industry in 2018

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

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digital payments industry

Tech Innovations in the Digital Payments Sphere

The dynamic nature of faster payments and advent of new technologies driven by FinTech have been creating disruptions in the payment landscape. With innovative technology reshaping the payment ecosystem, financial institutions have witnessed rising incidents of financial crime and new threats in form of illegitimate cross border transactions. Same Day ACH, ongoing EMV compliance and

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