The global cost of fraud amounts to 3.5 trillion dollars every year, according to the Association of Certified Fraud Examiners. It’s no surprise by now that this fraud is increasingly driven toward online and mobile channels thanks to tougher security measures at points of sale. Download this eBook to learn more now.
The P-to-P payments service promises to clear transactions in near-real time, but many consumers have complained that they have been unable access their money or even open accounts. Zelle has acknowledged the delays and says they are a result of its rigorous enrollment process.
The right platform can detect unusual behaviors and block fraudulent transactions as they occur, while still allowing real customers to make legitimate transactions without interruptions, writes Dave Excell, CTO and co-founder of Featurespace.
Atlanta-based software provider Oversight Systems is working with Mastercard on a solution to help federal agencies ensure U.S. government spending on purchasing cards and other expenses are in compliance with policies.