PCI SSC publishes PCI Secure Software Standard 1.1 and supporting program documentation

Version 1.1 of the PCI Secure Software Standard introduces the Terminal Software Module, a new security requirements module for payment software intended for deployment and operation on PCI-approved PIN Transaction Security (PTS) Point-of-Interaction (POI) devices. Software intended for deployment and operation on other platforms is not affected by the new requirements. “The PCI Secure Software […]

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Payment transaction volume using 3-D Secure protocol grows globally

RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse attacks. The report features insights from Q4 and full year 2020 data collected while authenticating consumer transactions and investigating threats. Mostly notably, payment transaction volume using the 3-D Secure protocol […]

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How global markets are adopting real-time payments

More than 70.3 billion real-time payments transactions were processed globally in 2020, a surge of 41 percent compared to the previous year, as the COVID-19 pandemic dramatically accelerated trends away from cash and checks toward greater reliance on real-time and digital payments, a report from ACI Worldwide and GlobalData reveals. The report analyzes global real-time, […]

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Fraudulent purchase attempts value increased 69% in 2020

The average value of fraudulent purchase attempts increased 69% in 2020, a recent Sift report reveals. Also, several business categories were hit by both major increases in attempted fraud rates and increases in the value of those fraudulent purchases, with lodging merchants, omnichannel retailers, digital wallets, and professional marketplace companies becoming targets for online theft […]

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Fraudulent attempt purchase value decreased by $10 in 2020 compared to 2019

There has been a 24 percent increase in eCommerce transactions globally in December 2020 compared to December 2019, ACI Worldwide reveals. In particular, eCommerce transactions in the retail sector increased 31 percent and the gaming sector increased 90 percent, comparing December 2020 with December 2019. BOPIS fraud also seeing a significant increase While many merchants […]

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