As more hospitals seek new methods for collecting payments from patients, they face the challenge of securing those transactions, says Dan Berger of AxiaMed, who describes HIPAA and PCI compliance issues in an interview at the HIMSS19 conference.
Digital transformation (DX) continues to drive growth across financial services firms, creating new opportunities to increase revenue and foster innovation. Cloud - whether public, private or a hybrid approach - is foundational to achieving DX objectives, as is secure, resilient and scalable network connectivity....
As part of its ongoing push toward cashless payments, India is taking steps to ramp up the use of contactless payments, which are already becoming more common in Japan, South Korea, Australia, the U.K. and the U.S. What can be done to balance security vs. convenience?
Although the Reserve Bank of India mandated that banks complete the shift from magnetic stripe debit and credit cards to EMV chip-and-PIN cards by Jan. 1 to help reduce fraud, there's still plenty of work to be done.
Payments technology changes rapidly, but cybercriminal techniques are having no trouble staying one step ahead. As the use of stolen data and fraudulent cards becomes more difficult, criminals are now shifting their focus to customer payment transaction data. The risk of data theft is very real. To stay ahead,...
In 2019, an estimated 10% of the dollar value that reaches online
checkout will fail payment authorization, resulting in
approximately $340 billion worth of potential eCommerce revenue
going unrealized. An estimated 70% of these orders are placed by
legitimate customers who can afford the purchase.
...
New account fraud is rising and within that, Identity Fraud is clearly the winner. The vast majority of such cases involved the abuse of an innocent victim's identity, rather than a fictitious identity. The availability of large amounts of personal information obtained from hacking, phishing or data breaches continues...
Not only do holiday sales start earlier every year, over the past 20 years we've witnessed the birth of new cyber holidays. Data from previous holiday seasons reveals that shopping behavior and fraud trends are not consistent throughout he holiday season but are in fact comprised of four sub-seasons, each with its...
In an increasingly digital world, where players from virtually all sectors are racing to innovate, the risk of data theft is very real. The payment card industry has defined standards for protecting cardholder account data. But what about other data types? And what can be learned from payment card industry standards?...
With a growing array of digital channels available, customers seemingly have infinite possibilities for how they choose to do business as evidenced by the more than 200% growth in mobile transactions in the last three years. Winning in this new era means rising to the challenge of meeting an entirely new set of...
3D Secure 2.0 is expected to have a profound impact on the payments industry by accelerating digital commerce and offering a better user experience with increased fraud protection for card-not-present transactions. Yet, issuers, payment processors, and merchants continue to struggle with many questions on the road to...
Banks are working harder than ever to address the threats posed by money launderers, fraudsters and cyber attackers. Often, these three groups are one and the same.
Wouldn't it make sense for the teams in your bank facing these threats to work together more closely? We think the answer lies in an intelligence-led...
IoT devices are increasingly becoming a way to pay for goods and services, shifting the "internet of things" to the "internet of transactions." Gord Jamieson of Visa Canada discusses steps the card network is taking to ensure these payments are secure.
The scale of connectedness we're experiencing is unprecedented. The pace of change and technology advancement in recent years could be compared to another industrial revolution. But the connectedness that allowed us to bring the power and security of the Visa network to each transaction in real time, also created the...
The evolving industry regulations, such as adherence
to the FinCEN CDD final ruling and the 4th EU antimoney
laundering directive, have put additional
pressure on financial institutions when screening
new applicants and existing customers.
Download this report to learn more about:
Enhancing your KYC / CDD...
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