It seems that European payments regulation may be forcing the cards market to take a step backwards. We appear to be moving away from the frictionless online payment environment that so many of us use ...
An EBA-ECB report on payment fraud indicates that strong authentication remains effective but fraudsters are adapting. There are a wide range of fraudulent activities and tactics now being employed to ...
Electronic Payments International on MSN
Payment fraud in EEA touched €4.2bn in 2024, EBA-ECB report finds
According to the report, the payment fraud across the EEA amounted to €3.4bn in 2022, €3.5bn in 2023, and €4.2bn in 2024.
The convenience and speed of online shopping and banking in Europe are said to be under threat by proposed standards from the European Banking Authority (EBA) due to be released in January of 2017.
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