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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

This has led to a noticeable uptick in card-related fraud, especially in remote purchases, where criminals use stolen card details for online transactions. While banks and payment providers are making strides in fraud detection and prevention, the report stresses the need for more robust collaboration with technology and telecom sectors.

Scams 88
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Fintech Review: A Guide

Fintech Review

Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. This includes services like mobile banking, peer-to-peer payments, investment platforms, and blockchain applications. Consumer trust in banks plummeted.

FinTech 52
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Regulatory Challenges in Fintech: Balancing Innovation and Consumer Protection

Fintech Review

With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection.

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Fintech in Emerging Markets: Opportunities and Challenges

Fintech Review

We will explore success stories, the pivotal role of mobile money , and the unique challenges faced. The Role of Mobile Money Mobile money is a cornerstone of fintech in emerging markets. In many parts of Africa, mobile money services have seen explosive growth. In India, Paytm has revolutionised digital payments.

FinTech 105
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Deep Dive: How Fraud Runs Rampant In Mobile Ordering

PYMNTS

Mobile order-ahead apps are growing more popular by the day, and restaurants are clamoring to get on board. A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs.

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Fed Says Mobile Banking Usage On The Rise

PYMNTS

Banking on mobile devices is continuing to grow in popularity. According to WSJ , more than half of mobile banking users surveyed reported that they had received push notifications, text messages or email alerts from their respective financial institutions.

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How Radius Bank Is Tapping Mobile, Digital Card Issuance To Keep Debit Transactions Secure

PYMNTS

The ongoing pandemic has pushed more consumers online to carry out their shopping and banking, with fraudsters following suit. Fraudsters are out there moving pretty quick, and so banks have to be out there moving quick with them.”. As more people move to digital, so do some of these [fraudsters],” he said. “We