Daniel Goldman’s Post

Our first panel session after lunch tackles the important subject of combating fraud, using intelligent and agile tools. The session is moderated by Jeremy King (PCI Security Standards Council) and the participants include Gary French (Etsy), Richard Helliar (Sift) & Cameron Russell (eBay) #paymentstalk #ecommerce #fintech #epay2024 #london #openbanking #payments #online #checkout #embeddedpayments #fraudprevention #combatingpaymentfraud #paymentprotection

PSD3 is coming. 🇪🇺 The new EU legislation (a revised Payment Services Directive aka PSD3, and a new Payment Services Regulation aka PSR) will be a game changer in fraud prevention and liability. Here’s everything you need to know. 👇 The purpose: The proposal introduced in June 2023 “brings payments and the wider financial sector into the digital age”. In other words, since its introduction in 2015, PSD2 has become obsolete as the payment services market has changed and grown. As the use of electronic payments increases, so does the number of fraudulent transactions. ❓ What will change with PSD3 and PSR? PSD3 and PSR introduce measures to help banks and payment service providers fight fraud. However, the EU legislation will also help victims by giving them a right to a refund by their bank/PSP under specific circumstances. These are: ⭕ When the IBAN/name verification service fails to detect a mismatch between the name and IBAN of the payee. ⭕ When the consumer falls victim to “spoofing” – a scam where the fraudster pretends to be an employee of the consumer's bank. ✅ Why is this good news? At ThreatMark, we believe everyone deserves a secure digital landscape where their money and personal information are safe from fraudsters. That’s why we help banks and payment service providers create secure digital environments for their banking customers. #LiabilityShift #EULegislation #FraudPrevention

With PSD3 on the horizon, the EU's revamped legislation promises to revolutionize fraud prevention and liability in the financial sector. At ThreatMark, we're at the forefront of this transformative journey, empowering banks and payment service providers with behavioral intelligence-based solutions. Feel free to drop me a message for more on how ThreatMark is helping banks safeguard their customers' digital experience and secure digital transactions. #PSD3 #FraudPrevention #EULegislation

Join About Fraud's virtual roundtable: “Worlds Collide: PSD3, Fraud Refunds & Instant EU Payments” on June 19th at 10 AM BST! With the EU rolling out instant payments, the banking landscape faces new challenges in fraud detection and compliance with PSD3 — balancing transaction speed with security and meeting new regulatory demands is vital. Topics include: • Robust fraud detection in instant payments. • Navigating PSD3 implications. • Effective strategies for balancing speed and security. Register now: https://okt.to/CbNB5X #FinancialCrime #Regulation #BankingIndustry

Join About Fraud's virtual roundtable: “Worlds Collide: PSD3, Fraud Refunds & Instant EU Payments” on June 19th at 10 AM BST! With the EU rolling out instant payments, the banking landscape faces new challenges in fraud detection and compliance with PSD3 — balancing transaction speed with security and meeting new regulatory demands is vital. Topics include: • Robust fraud detection in instant payments. • Navigating PSD3 implications. • Effective strategies for balancing speed and security. Register now: https://okt.to/mqUGhH #FinancialCrime #Regulation #BankingIndustry

Digital banks face complex challenges in detecting multi-accounting, but advanced solutions are here to help. By analyzing device-related data and digital footprints, banks can uncover patterns, from repeated IP addresses to disposable email domains. These insights reveal much more than basic KYC data alone. With the right anti-fraud solution, banks can automatically flag suspicious connections in real time, creating custom rules that adapt to evolving fraud tactics. 🔎 Is your fraud detection setup tailored to keep up with today’s multi-accounting risks? Read the full guide on multi-accounting detection for digital banks in the comments below 👇 #DigitalFootprint #FraudPrevention #DeviceIntelligence #DigitalBanking #SEON

In the vibrant world of business, nothing remains static – especially when it comes to payment methods. As we steadily transition into an increasingly digital age, business owners must stay updated, informed, and vigilant against fraud. #paymentsfraud #digitalpayments #checkfraud #fraudprevention Learn how digital payments can help prevent check and payment fraud: https://ow.ly/Z8pV50QPaCR

Join About Fraud's virtual roundtable: “Worlds Collide: PSD3, Fraud Refunds & Instant EU Payments” on June 19th at 10 AM BST! With the EU rolling out instant payments, the banking landscape faces new challenges in fraud detection and compliance with PSD3 — balancing transaction speed with security and meeting new regulatory demands is vital. Topics include: • Robust fraud detection in instant payments. • Navigating PSD3 implications. • Effective strategies for balancing speed and security. Register now: https://okt.to/A8KfT5 #FinancialCrime #Regulation #BankingIndustry

Join About Fraud's virtual roundtable: “Worlds Collide: PSD3, Fraud Refunds & Instant EU Payments” on June 19th at 10 AM BST! With the EU rolling out instant payments, the banking landscape faces new challenges in fraud detection and compliance with PSD3 — balancing transaction speed with security and meeting new regulatory demands is vital. Topics include: • Robust fraud detection in instant payments. • Navigating PSD3 implications. • Effective strategies for balancing speed and security. Register now: https://okt.to/Qd7nt9 #FinancialCrime #Regulation #BankingIndustry