Payments 2.0
13.8K views | +4 today
Follow
Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
Your new post is loading...
Your new post is loading...
Scooped by Therese Torris
Scoop.it!

Europol takes down card fraud network

Europol takes down card fraud network | Payments 2.0 | Scoop.it

Europol and Romanian police have arrested 44 alleged members of a global fraud ring believed to have tampered with payment terminals throughout Europe, stealing the details of tens of thousands of cards.

 

"The Pandora-Storm operation saw more than 400 police officers search 82 houses in Romania and the UK, arresting 44 and seizing illegal electronic equipment, financial data, cloned cards, and cash. " 

Therese Torris's insight:

A rare victory in a flood of credit card crime

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Card fraud : 18 accused of stealing £200 m

Card fraud : 18 accused of stealing £200 m | Payments 2.0 | Scoop.it
Cyber-crooks managed to take over financial accounts late last year and withdraw nearly $11 million from ATMs around the world using pre-paid cards.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Research and Markets: 2012 Card Payment Fraud Report

The latest available statistics in 2010 show that globally, card payment fraud recorded extremely high rates of occurrence. Despite the many efforts to reduce and eliminate fraud through building an improved understanding of fraud threats, sharing data on prevention and mitigation benefits, and increasing public awareness with regards to fraudulent card payments, fraud continues to impact the financial industry and global economy...

 

Comment: Paying report. Important to put into perspective the the potential fraud rate of mobile payments

more...
No comment yet.
Rescooped by Therese Torris from E-commerce, Online Business & Payments
Scoop.it!

Card payments fraud costing online retailers | PayPoint.net

Card payments fraud costing online retailers | PayPoint.net | Payments 2.0 | Scoop.it
New E-crime report from the BRC examines the card payment fraud losses retailers faced in 2012. Includes our card processing security tips.

Via Pay360byCapita
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

PayOne Expands Its Mobile Payment Patent Portfolio | Nearshore ...

PayOne Expands Its Mobile Payment Patent Portfolio | Nearshore ... | Payments 2.0 | Scoop.it

Therese's summary: PayOne Corporation, a leader in mobile payments and carrier billing, announced today the issuance of another patent from the US Patent Office related to the company’s PayConnect™ technology platform and intellectual property serving the multi-billion dollar market for mobile commerce and payments.

 

The patent which was filed in January 2007 for invention number 8,239,325 covers leading edge mobile fraud control and identity verification for mobile payments.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Mobile payments and fraud: an obvious connection but not the one you’re expecting - Javelin Strategy & Research Blog

Mobile payments and fraud: an obvious connection but not the one you’re expecting - Javelin Strategy & Research Blog | Payments 2.0 | Scoop.it

Javelin Strategy & Research’s latest report -- “Customer-Driven Architecture 2012” -- reveals that while consumers are beginning to embrace digital financial management, they remain hesitant to dive in completely. One indication today: More consumers receive their statements online than through the mail, but more than 25% of consumers double dip -- receiving both paper and electronic statements...

more...
No comment yet.