Anti-scam rule stops another 2,000 online shopping frauds
Posted onAuthorWilliam I. MartinezComments Off on Anti-scam rule stops another 2,000 online shopping frauds
By Dawood Fakhir (May 10, 2022, 4:19 p.m. BST) – New online payment checks have prevented an additional 2,000 cases of card fraud per month, according to research by Britain’s largest construction company.
The Nationwide Building Society said on Monday that the “strong customer authentication system” put in place by the Financial Conduct Authority was proving invaluable in protecting customers against fraud.
The system allows online shoppers to verify they are making the purchase by responding to a notification on their mobile banking app or entering a one-time passcode sent to their phone. Card issuers can decline the transaction if the buyer fails the authentication process.
“The introduction of new strong customer authentication measures…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!
Dec 26 (Reuters) – U.S. retail sales rose 8.5% during this year’s holiday shopping season, from Nov. 1 to Dec. 24, thanks to soaring sales in online, a report from Mastercard Inc. According to the Mastercard SpendingPulse report, e-commerce sales in the United States jumped 11% during this year’s holiday shopping season, once again underscoring […]
While Estonians typically spend between 5 and 7 million euros a day shopping online, on Monday they spent 15 to 21 million euros shopping in online stores, the CEO of the company said. Estonian E-Commerce Association, Tõnu Väät, according to a press release. “Some online shops have proven so popular with shoppers that sales have […]
India is the world’s second largest hub of venture capital investment for digital shopping companies, growing a whopping 175% from $8 billion in 2020 to $22 billion in 2021, according to a report. official analysis published here on Wednesday. Globally, India came second behind the United States last year, which attracted $51 billion in investment, […]