Navigating the SCA Landscape: Balancing Security, Customer Experience & Fraud Prevention
The Growing Need for SCA in an Evolving Fraudulent Landscape The rise of sophisticated fraud techniques has made securing online transactions a top priority in the ever-evolving world of
Questionable Merchant Audit Program (QMAP): Affects on Issuers and Acquirers
The Questionable Merchant Audit Program (QMAP) was developed by Mastercard to identify and manage merchants who might be involved in fraudulent or dishonest activities. It sets standards for merchant
Understanding Non-Bust-Out Fraud Schemes: A Growing Threat to the Payment Industry
In the world of payment fraud, non-bust-out schemes are a serious threat to businesses and banks. Unlike bust-out fraud, where scammers first build credit and then max out accounts
APP Fraud – New Regulations 2024
What is APP Fraud? Authorised Push Payment (APP) fraud refers to a financial scam in which a fraudster tricks a victim into authorising a transfer of funds. The term
Quishing: The New Threat Lurking in QR Codes
Many of us are familiar with ‘Phishing’, but have you heard of ‘Quishing’? Quishing is a type of fraud where criminals use QR codes to lead victims to malicious
Understanding the Bust-Out Scheme
A bust-out scheme is like a con artist’s playbook for credit cards. The scam begins when a fraudster gets their hands on a fake identity and applies for a
Peak Periods of Fraud: Understanding Seasonal Trends
Identifying Seasonal Trends Seasonal trends in fraud follow predictable patterns that can significantly impact consumers and merchants. It is crucial to understand these trends to anticipate when fraud is
Ghost Broking – The Hidden Risk in Insurance Fraud
What is Ghost Broking? Ghost Broking is a relatively new term, referring to the sale of fraudulent insurance policies, particularly within the car insurance industry. Unsuspecting consumers are scammed
Chargebacks & Buy Now, Pay Later: What You Need to Know
Buy Now, Pay Later Explained When purchasing a product or service, customers are often provided with several different payment options. Buy Now, Pay Later (BNPL) is an option that
Subscriptions, Free Trials & the Underlying Risk of Chargebacks
What is the Subscription Business Model? The subscription business model, put simply, is a recurring revenue model. An arrangement between a business and a customer is made, whereby automatic