Fraud in payments
Payments fraud continues to cost the UK Financial Services Industry in excess of £1bn per year, with the methods of attack changing in terms of their sophistication and complexity. To protect against these fraudulent incidences, banks are using several core fraud threat analytics tools to capture historic customer data (such as transaction values, transaction geographic profiles and trusted beneficiaries) to enable them to identify unusual payment behaviour and patterns.
This report examines the next generation tools that can enhance fraud detection in payments systems, how they work in practice, and the benefits they offer.
News
Icon Solutions has published its 2023-24 Annual Report, demonstrating how new strategic partnerships, product and service innovations, and an ongoing commitment to its people and customers have provided a foundation for the next phase of global growth.
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Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers.
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Icon today announces that it has developed and launched a new SIC5 scheme pack for its Icon Payments Framework (IPF) – the payments solution putting global banks in control – to accelerate support for domestic instant payments in Switzerland.
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