Category Archives: fraud
You’re so vein
It’s a new year and so the new marketing budgets have kicked in meaning that we have a raft of ‘next big thing’ stories in all the press. One that seems to have been picked up and run with is … Continue reading
Why prepaid could make 30bn EUR for the Belgian Government
Today a study suggested that the Belgian Government loses 30 billion euro every year through tax evasion and fraud (here). This is a big concern to me as I pay my exceptionally high taxes in Belgium and know what a … Continue reading
Creating a bond of trust with internet payments
One of the main reason for the success of credit cards as a payment method in e-Commerce is that due to the guarantees that they offer, they create a bond of trust between customer and merchant. Continue reading
Has the PSD made you liable for card fraud against your employer?
A recent discussion on business expenses management with a colleague bought up the topic of liability in cases of fraud on Corporate cards and who actually has liability. So I decided to dig out some research that I did in … Continue reading
Why do consumers still love cash?
In my last post I examined the growth of the electronic payments in Europe – or rather the lack of growth. While there is clearly a trend demonstrating movement towards electronic payments, overall it is a painfully slow migration and of … Continue reading
Is magstripe really the biggest problem?
So after all of the investment in EMV, many people including the ECB and Europol are asking why do cards still need a magstripe – but is it the really the big problem that people suggest? The continuing use of … Continue reading
Belgian Banks kill magstripe
A press release by FEBELFIN (Belgian financial services association) yesterday (here in Dutch) states that from 17 Jan 2011 Belgian Maestro cards can no longer be used outside of continental Europe. Today I received a letter from my bank confirming the … Continue reading
To Decline or Not Decline – that is the question
One of the most notable trends in payment card fraud is the production of magstripe clones of EMV cards – and their subsequent use at signature-only terminals in non-EMV markets such as the USA. The methods for creating this type … Continue reading
Payment Card Fraud – Collaborative space or a Business Opportunity?
In a world where Facebook and iPhone lead the seemingly continual pursuit of convenience, it is easy for the payments industry to disregard payment card fraud as a mere consequence of doing business with a disparate, disengaged customer base hungry … Continue reading
Ainsley Ward
ernestoortega
Rik Coeckelbergs
robertwastyn
