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eCommerce and Mobile Banking Fraud Lead 2016 Fraud Increase in the UK

Financial Fraud Action (FFA) UK, a financial services industry research and reporting group, recently released their 2016 year-end payment card and banking fraud totals which showed an increase in card fraud overall, primarily led by card not present channel fraud. Changing trends include an increase in fraud attempts but targeting lower order amounts compared to

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Early Warning Acquires Authentify and their Multi-Factor Authentication Technology

Early Warning, the cooperative owned by five of the largest U.S. banks that provides risk management services to financial institutions and payment companies, announced their plans to acquire mobile-based authentication provider Authentify on April 7th while terms of the acquisition were not disclosed. Authentify, which provides multi-factor authentication services primarily centered on mobile devices, was a natural fit

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Global M-commerce Volume Expected to Double Between 2013 and 2017

A recent report from Juniper Research estimates the value of mobile commerce transactions will grow from $1.5 trillion in 2013 to a forecasted $3.2 trillion globally by 2017. Read More

 
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FDIC Warns There are no Safe Harbors for Mobile Payments

In a recent article from the FDIC’s Supervisory Insights publication mobile payments are discussed in terms of understanding and managing risk for financial institutions. The FDIC states that banks may find that effective risk management with mobile payments requires partnering with several specialized parties, but also cautions that innovations in the mobile marketplace are driven

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Survey Finds Increasing Consumer Comfort with Mobile Payments

Published on February 4, 2012, by in Payments.

A recent survey by KPMG found that 23 percent of U.S. consumers are “very willing” to use their mobile phone as a wallet while more consumers are also banking and accessing coupons from their mobile devices. Read More

 
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