Weekly DCB and payment market update (#3/22)
In this week’s DCB (direct carrier billing) and mobile payment market update, we have curated the following articles for you.
Anything you like to see more content on? Just leave us a comment below.
Online security and fraud prevention
Betrüger führen Autofahrer mit QR-Codes auf Parkscheinautomaten in die Irre
Cyberkriminelle haben sich eine neue Betrugsmasche einfallen lassen. Um Autofahrer um ihr Verdientes zu erleichtern, greifen sie dabei auch zu höchst analogen Maßnahmen. Sie bekleben Parkscheinautomaten mit QR-Codes, berichtet Ars Technica.
Latest fraud trends in ecommerce: promo abuse, refund abuse, account takeover
Promo abuse and refund abuse are among the fraud trends that have surged during the pandemic. Could you please elaborate on how these types of fraudulent activities occur and how prevalent are they now in the ecommerce space?
Five Ecommerce Fraud Trends to Watch in 2022
Ecommerce fraud isn’t just growing, it’s evolving. Although the most common types are still card-not-present and chargeback fraud, bad actors are continually innovating.
We’ve devoted time to understanding the changes in the fraud ecosystem so we can work to prevent new threats. Multichannel companies are at particular risk. Unlike pure-play ecommerce or physical retailers, the growing number of omnichannel companies will be exposed to everything from sophisticated computer penetration to shoplifting, and will need strategies to counter them all.
Below are five ecommerce fraud trends to watch in 2022. Some are new, and some are existing forms that will remain prominent in the new year.
Full article here:
https://multichannelmerchant.com/ecommerce/five-ecommerce-fraud-trends-to-watch-in-2022/
If you want to learn more on how we support MNO with fraud detection and prevention in DCB, you can find details here: https://mdk.digital/case-study/market-observation/
Innovation and “out of the box” thinking
Ericsson CEO: 3 ways telecom can drive global innovation in 2022
The world is in the middle of a great digital transformation – one accelerated significantly by the ongoing COVID-19 pandemic. It is clear now that COVID will continue to change all our lives in 2022, but there are other global challenges that are critically important to the long-term sustainability of society, such as climate change, the digital divide and economic growth. Now is the time for action.
All details:
https://www.ericsson.com/en/blog/2022/1/3-ways-telecom-drive-innovation-2022
J.P. Morgan: 2021 Was the Year of Innovation
Think of 2021 as the year payments moved beyond the point of purchase, say Max Neukirchen, global head of payments and commerce solutions at J.P. Morgan and Mike Blandina, its global head of payments technology. Rather than just helping money change hands, they’re becoming the connective tissue between people, devices, homes, cars and even our virtual avatars. Read their thoughts in the PYMNTS eBook, “In a Word: 50 Thought Leaders Sum Up 2021.”
You can find all details here:
https://www.pymnts.com/opinion/2022/j-p-morgan-2021-was-the-year-of-innovation/
Use cases
Apple lets other payment providers into the App Store for the first time this weekend. These experts explain which companies will benefit from this momentous change.
Apple lets dating apps in the Netherlands use other payment services in the App Store as of Jan. 15.
This is a first for the iPhone maker, which currently takes a 30% cut of many in-app transactions.
Experts share which companies will benefit from this major change to the App Store.
Full article:
https://www.businessinsider.com/apple-must-let-outside-payment-providers-app-store-who-benefits-2022-1
Market outlook and development
Zahlungsexpertin hält Trend zu bargeldloser Zahlung für dauerhaft
Die Corona-Pandemie hat nach Einschätzung der Zahlungsverkehrsexpertin Heike Mai von der Deutschen Bank dauerhaft die Art und Weise verändert, wie Menschen in deutschen Geschäften bezahlen.
Full article:
https://www.nau.ch/news/wirtschaft/zahlungsexpertin-halt-trend-zu-bargeldloser-zahlung-fur-dauerhaft-66088524
SMS scams: Britain may soon require banks to reimburse victims
Phishing scams, including those targeting bank customers, have risen rapidly in frequency and sophistication in the wake of the Covid-19 pandemic, pushing the authorities in Britain to take stronger action to combat fraudsters.
New legislation could soon make it mandatory for banks in Britain to reimburse victims who have lost funds after being tricked into revealing their account details through fake websites and spoofed SMS messages, among other tactics, despite having exercised sufficient caution.
All details:
https://www.straitstimes.com/tech/tech-news/sms-scams-britain-may-soon-require-banks-to-reimburse-victims
