Wallet Dusting, Fraud, and Privacy: What You Need to Know
A mate of mine enquired about microscopic amounts of crypto suddenly appearing in his Uniswap wallet. They are usually random cryptos and are identified as Dust. So, what does having…
The 101: Payments – Visa Token Service (VTS)
Transactions by exchanging tokens instead of card details is a fraud prevention dream. VTS solves much more than just this. Visa Token Service (VTS) is a technology designed to enhance…
The 101: Payments – FATF Travel Rule
One of the key regulations developed by the FATF to address these concerns is the “Travel Rule.” This rule mandates that financial institutions share certain information about the originators and…
The 2024 APP Fraud Report by the PSR
Just in case you were missing more acronyms – we got you covered. Account Push Payments (APP) are at the top of mind as the 7th October deadline looms when…
The 101: Fraud – Buyer Fraud
Buyer fraud, also known as purchase fraud, encompasses a range of deceptive practices carried out by purchasers to unfairly benefit or avoid paying for goods and services. These fraudulent activities…
The 101: Fraud – Account Take Over (ATO)
As a merchant there is usually no worse experience than an Account Take Over. These fraud actors can have a few different motives that vary from needing a facility to…
The 101: Fraud – Good Merchant Gone Bad (GMGB)
Some merchants may classify this behaviour as Credit Risk but there is a clear intent to profit for a event within which the cardholder will be left out of pocket.…
What is MasterCard MATCH?
The Mastercard MATCH list, also known as the Member Alert to Control High-Risk Merchants, is a database maintained by Mastercard. It contains information about merchants and their principal owners who…
What is VMAS?
The Visa Merchant Alert Service (VMAS) is a specialized fraud prevention tool provided by Visa to help financial institutions, acquirers, and merchants reduce their exposure to fraud. VMAS is designed…