Fraud & IdentityMarket Research

More than half of Canadians feel vulnerable to financial fraud–TD Bank survey

Social isolation, increased online activities cited as contributing factors to vulnerability TORONTO, ON–According to a TD Bank survey for this year’s Fraud Prevention Month, more than half of Canadians polled feel vulnerable to financial fraud. Respondents point to social isolation and online behaviours such as sharing too much information on …

Fraud & IdentityPayments

PT. ALTO Network Partners With INETCO

VANCOUVER, BC–PT. ALTO Network (ALTO), a National Payment Gateway for Indonesia, has chosen the INETCO Insight software to deliver world-class performance and security monitoring. This partnership further supports the National Non-Cash Movement and Bank Indonesia’s National Payment System vision. ALTO is Indonesia’s leading provider of end-to-end payment switching and digital …

Fraud & IdentityIndustry News

Mastercard Launches Cyber Secure

PURCHASE, NY–Mastercard has released Cyber Secure, which is reportedly a first-of-its-kind, artificial intelligence (AI)-powered suite of tools that allows banks to assess cyber risks across their ecosystems and prevent potential breaches. With these capabilities, banks can identify and prioritize threats and vulnerabilities throughout their cyber environment. Additionally, acquiring banks can …

Fraud & IdentityIndustry NewsPayment ProcessingPayments

Forter, FreedomPay Partner to Fight Fraud, False Declines

NEW YORK, NY—Forter has partnered with FreedomPay to establish what may be the first joint network for online merchants and banks to instantaneously block fraud and enable legitimate consumers to operate freely. The partnership aims to address a major issue where multiple players (online merchants, credit card issuers, and banks) …

CybersecurityFraud & IdentityIndustry NewsPayments

U.S. Touchless Payments Grow, Cybersecurity Concerns Strong: Fiserv

BROOKFIELD, WI–According to the 2020 Fraud and Security Survey, released by Fiserv, 79 percent of U.S. consumers say that cybersecurity is equally or more concerning that it was for them a year ago. Cybersecurity concerns remain as consumers increasingly adopt digital payment methods that facilitate touchless interactions, yet which often …

Cross-Border PaymentsFraud & IdentityIndustry NewsPayments

Many Small Businesses Struggle With Funds, See Cashless Trend: Payments Canada

OTTAWA, ON–Payments Canada has released survey results from Canadian small business owners, identifying payment pain points, needs, and trends. These findings include: Almost 50 percent of small merchants believe Canadian stores will become cashless in the next ten years, of which the majority are unconcerned; Close to 1 in 4 …

Fraud & Identity

Pandemic driven shift to digital channels accelerating mobile verification in Canada

Pandemic driven shift to digital channels accelerating mobile verification in Canada, helping prevent fraud TORONTO, ON–EnStream, Canada’s provider of mobile verification services, has seen a significant lift in transaction volume due to the increase in digital traffic during the Covid-19 pandemic. Institutions using EnStream’s services can, with an individual’s consent, …