Chances are that the things on consumers’ holiday wish lists this year are exactly what fraudsters’ wish for too. Michael Reitblat, Co-founder and CEO of Forter, gave MPD CEO Karen Webster a look into the mind of the cybercriminal, what they’ll be buying online with...
Many of the rules surrounding consumer protection against unauthorized transactions are not only inconsistent, but also pretty dated. Nancy O’Malley, Group Executive and Chief Payment System Integrity Officer of MasterCard, briefed MPD CEO Karen Webster on its global initiative to modernize the zero liability promise...
A new rule from NACHA, set to go into effect next year, is going to put the financial burden for unauthorized ACH debits on banks. David Barnhardt, Payment Product Manager at Early Warning, tells PYMNTS how FIs can get out in front of this change,...
December 16, 2024
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments. “We allege HSBC Australia’s failings were widespread and systemic, and […]
