Thredd’s Post

The upcoming MRC conference is sure to bring the latest in payments and fraud prevention. The spotlight will be on Charles Williams and Walmart, presenting trends on the rise of Pay by Bank. Join this session to discover how leading retailers like Walmart are optimizing their payments acceptance strategy with the integration of account-to-account payments. MRC | Merchant Risk Council #MRCVegas2024

🚨 𝐇𝐨𝐥𝐢𝐝𝐚𝐲 𝐟𝐫𝐚𝐮𝐝 𝐢𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐢𝐬𝐞—𝐡𝐨𝐰 𝐩𝐫𝐞𝐩𝐚𝐫𝐞𝐝 𝐚𝐫𝐞 𝐲𝐨𝐮? In The European Financial Review, George Ralchev, Group Head of Risk at emerchantpay, breaks down the biggest fraud threats and how you can prevent them. From account takeovers to friendly fraud, George's insights are essential for protecting your business this season. Don’t let fraud disrupt your busiest time of the year. Get our expert advice: 👉 https://bit.ly/3ThYWsC #fraudprevention #holidaysales #riskmanagement #eCommerce #payments

🎉 Black Friday is almost here! But are your compliance checks ready for the rush? 🛍️💳 Black Friday brings incredible opportunities for businesses to boost sales - but it also creates an environment ripe for fraud and financial crime. With increased transactions, onboarding new customers and cross-border payments, it’s crucial to stay ahead of potential risks. This is where MemberCheck steps in. Our cutting-edge solutions empower businesses to: ✔️ Perform real-time AML/CTF checks ✔️ Screen customers against global PEP/Sanctions lists ✔️ Monitor transactions for suspicious activity with ease ✔️ Mitigate risks without slowing down the customer journey This Black Friday, let’s make sure your business thrives while staying compliant and protected. Ready to learn how MemberCheck can support your compliance needs? Contact us: https://buff.ly/3Kdmwmb #BlackFriday #AML #Compliance #FraudPrevention #TransactionMonitoring #RiskManagement #FinTech

A new white paper from Nexi Group explains how Europe’s banks and fintechs can better manage rising #fraud risk in the digital economy https://lnkd.in/d_82HEpr

Delighted to share the publication of a First Party (Customer) Fraud problem statement by the British Retail Consortium: https://lnkd.in/evKKT-5J As many across the industry know, first party fraud has continued to grow exponentially over recent years with both organised crime and opportunistic perpetrators able to operate with little to no consequence. Whilst there is much to do and still more needed to engage, today is a milestone in a coordinated effort to tackle this issue. #brc #fraud #fraudprevention

How to identify "Friendly Fraud" based solely on data collected during checkout? Seems impossible, doesn't it? The key is ongoing analysis, which enables the detection of risk indicators that emerge only after a payment is processed. Check out this interesting article by PaymentGenes for a detailed explanation. #FriendlyFraud #shopify #fraudprevention #payments #chargebacks

Jeff Hallenbeck from Forter challenges misconceptions about 3DS. Highlighting its crucial role in combatting fraud. For example, 3DS strengthens risk tolerance on transactions - because there is an additional tool in the toolkit to gain more confidence. More details can be found here #fraud #payments #paymentsolutions

Risk is a spectrum. What looks like “high risk” and low risk, is usually connected via a chain of events. 👉A compromised social account can be used to create an account on an e-commerce site 👉 Fraud happens on an e-commerce site that a bank might detect Often our view of "what is high risk" is most closely connected to where the transaction happens. But in 2024 - the risk is much further up in the process.

An interesting take on why there is no regulatory framework in the U.S. specifically designed to enable banks to share fraud data with one another. Banks are "leveraging off of regulations that were designed for a completely different purpose," says Eric Woodward, one of the key architects of the Zelle payment network, owned by the largest banks. Financial institutions that have information on whether a previous or current customer has a history of committing fraud — particularly large banks with data on many consumers — are not likely to share the information with others banks due to the liability risk of sharing false information. Woodward is particularly critical of know-your-customer regulations, which he says you could "drive a truck through." #financialfraud #bankingsector #Zelle https://lnkd.in/diYHVefP