Open Banking Payments: Revolutionising Financial Transactions
What is Open Banking? Open Banking was born through a series of reforms called for by the competition watchdog in the UK, the Competition and Markets Authority (CMA). In
How High Interchange Fees Sparked a Payment Revolution
Think back to early 2022, to the time when there was quite a spat between two of the world’s largest corporate entities, and let’s recap on what led to
Are We Doing Enough to Fight Economic Crime?
Is the banking sector doing enough in its fight to combat economic crime? Could it do more? Generally, it’s thought that whatever approach the banking sector takes, as long
Can Geolocation Reduce Your Friendly Fraud Chargeback Volumes?
We’ve seen in previous articles how a multi-pronged defence strategy can help you prevent fraud, with Geolocation being just one key element of those defences. The use of mobile
What is Strong Customer Authentication (SCA)?
The History of SCA Authentication of any ecommerce transaction using traditional methods has had its limitations in the past. The use of a password or other authentication methods such
Intelligence: The Key to Combatting Financial Crime
If the industry is to have any substantial impact in reducing the amount of financial crime across the globe, the real consensus is that intelligence must be shared. There
Apple Pay and Chargebacks
Apple Pay is coming up for its 10 year anniversary as it was introduced on the 20th of October 2014, in the US, followed by a gradual global roll
What is the Terminated Merchant File?
The terminated merchant file (TMF) serves as a blacklist in the realm of credit card processing. Businesses find their names here once their merchant accounts are closed or if
What is VBASS?
The Visa BIN Attribute Sharing Service (VBASS) is a specialized tool designed to enhance the payment ecosystem. The service provides pertinent information related to bank identification numbers (or “BINs”).
What is Chargeback Insurance?
Chargeback insurance is a policy that safeguards merchants from financial losses associated with fraudulent credit card transactions. It is meant to shield businesses against losses that could result from