Weekly DCB and payment market update (#2/22)

In our weekly curated DCB and (mobile) payment market update, we have the following articles for you.

Anything you like to see more content on? Just leave us a comment below.

Online security and fraud prevention

Report: Binance Faces Scrutiny as Ponzi Mobile Apps Scam Surfaces

Binance, a popular cryptocurrency exchange, is under investigation by Pakistan regulators over a multi-million-dollar Ponzi scheme, Dawn reported Friday (Jan. 7).

The Federal Investigation Agency’s (FIA) Cyber Crime Wing has issued a notice to the company, according to the report.

Full article here:
https://www.pymnts.com/news/security-and-risk/2022/binance-faces-scrutiny-ponzi-mobile-apps-scam-surfaces/

How can ecommerce fight online fraud and cybercrime?

Online fraud remains a serious problem and is one that cannot be ignored, warns Alessio Damonti, deputy chief executive and head of sales and business development at Axerve.

All details:
https://www.retail-week.com/retail-voice/how-can-ecommerce-fight-online-fraud-and-cybercrime/7041148.article?authent=1

How to Identify the Changing Face of Fraud

Global e-commerce sales rose 38 percent to $876 billion in the first quarter of 2021. While this is positive for retailers, it’s also accompanied by rising fraud. A report from Feedzai on financial crimes revealed the sheer scale of the problem: in the first three months of 2021, there was a 159 percent increase in fraud compared with the same quarter of 2020.

All details:
https://www.mytotalretail.com/article/how-to-identify-the-changing-face-of-fraud/

If you want to learn more about our DCB fraud detection and prevention offering, you can find the details here: https://mdk.digital/case-study/market-observation/

Innovation and “out of the box” thinking

Nothing relevant found this week.

Use cases

“Der Bezahlvorgang wird verschwinden”

Kontaktloses Bezahlen, Apple Pay und andere Service-Angebote – wie wir künftig bezahlen werden, erklärt Ertan Piskin, Zahlungsverkehrsexperte der Erste Bank.

Werden wir in einigen Jahren nur mehr mit dem Handy bezahlen? Werden wir für Bezahlvorgänge künftig QR-Codes einscannen? Oder werden wir an der Supermarktkassa schon bald unsere Bitcoin-Wallet zücken? Alles falsch, sagt Ertan Piskin, Zahlungsverkehrsexperte der Erste Bank: “In der Zukunft werden wir nämlich gar nicht mehr bezahlen. Der Bezahlvorgang wird irgendwann verschwinden.”

Read all the details here:
https://futurezone.at/digital-life/zukunft-bezahlen-erste-bank-nfc-payment-mobile-bankomatkarte-smartphone-apple-pay/401856317

Market outlook and development

13 Effective Ways To Improve And Expand Digital Payment Methods

Digital payment technology has made it possible for anyone with a smart device to conduct transactions easily and securely, both in person and online. Both companies and consumers are embracing digital payments as a fast, reliable and contactless way to exchange money, but there are still innovations and improvements to be made.

Full article here:
https://www.forbes.com/sites/forbestechcouncil/2022/01/05/13-effective-ways-to-improve-and-expand-digital-payment-methods/

Kontaktloses Bezahlen ist beliebt wie noch nie

Der Trend zu bargeldlosen Zahlungen hält weiter an. 2021 wurden in Österreich mehr als 1,1 Milliarden Transaktionen mit Bankomatkarten durchgeführt. Das damit bewegte Volumen stieg im Vergleich zu 2020 um 14 Prozent auf 51 Milliarden Euro, wie die Payment Services Austria (PSA) mitteilte. Stärker denn je haben sich im vergangenen Jahr kontaktlose Zahlungen (NFC) im Alltag der Österreicher verankert.

All details:
https://www.krone.at/2599812

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