News & Press

What You Need to Know About Prompt Bombing: Circumventing 2FA Through Irritation

June 29, 2022

The importance of using Two Factor Authentication (2FA) as an additional security check when accessing an account or service is now well understood. Criminals and fraudsters attempting to compromise accounts know how effective it can be better than anyone.

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Partnering for Progress: Visa’s Historic First-Party Misuse/Friendly Fraud Announcement Webinar

June 28, 2022

The MRC has been working tirelessly with industry partners over the last few years, including card networks like Visa, to reduce the costly problem of first-party misuse, formerly known as friendly fraud. Visa’s recently announced updated dispute rules are a significant step in the right direction.

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How bots are stealing your customers, your inventory – and your reputation

June 16, 2022

Bots are one of the main weapons of choice of bad actors, particularly for malicious activities such as account takeover fraud (ATO) and identity theft. Versatile and adaptable, bots can stage a wide range of malicious activities, ranging from credential stuffing attacks using information exposed in data leaks to the creation of multiple online identities.

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Vesta Appoints Former Equifax Leader as Chief Product Officer

June 16, 2022

Vesta, a leading end-to-end transaction guarantee platform for online purchases, announced the hiring of experienced Identity and Fraud industry leader, Hrishi Talwar as Chief Product Officer.

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Checkout.com becomes the first PSP to unlock weekend settlement for merchants, powered by Fireblocks’ crypto payouts debut

June 16, 2022

Today, Checkout.com unveils its stablecoin settlement solution, leveraging Fireblocks’ new crypto payment technology. This offers merchants the flexibility of 24/7 settlement including weekends and holidays — increasing access to cashflow and significantly reducing operational complexity. Checkout.com is the first PSP to have access to Fireblocks’ crypto payouts technology. With this access, Checkout.com is also the first to successfully deploy automatic fiat to stablecoin conversion for their merchants as they receive and process funds from customers.

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The challenges of MID warming: how merchants can switch acquirers while mitigating the risk of issuer declines

June 09, 2022

Sometimes merchants need to change their acquiring relationships. But this change doesn’t just entail switching the acquirer—it also means changing their merchant ID (MID) used for those transactions. What might seem like an innocuous move can lead to a dip in authorization rates, even if nothing else has changed from a merchant risk profile perspective.

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The MRC Partners with CEPOL and Other Law Enforcement Agencies to Make eCommerce Safer

June 07, 2022

The MRC has partnered with law enforcement agencies from all over the world for the last two decades and will continue to do so going forward. Most recently, the MRC worked with CEPOL, the law enforcement (LE) training leg of the European Commission, to further educate the agency on modern fraud mitigation practices.

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Fraudio and Kenbi Announce Partnership to Authorize More Transactions by Sharing Data and Reducing Issuer Declines

June 06, 2022

Fraudio, a payment fraud detection and anti-money laundering (AML) solution provider, is partnering with Kenbi Authorize More, developer of an AI platform that helps global merchants and card issuers approve more transactions.

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Fraugster launches a new Alternative Credit Decisions solution to support BNPLs and Enterprise merchants to approve more customers without increasing credit risk

May 23, 2022

Alternative Credit Decisions gives Fraugster customers access to AI enriched data that increases approval rates, reduces credit bureau costs and provides industry and region specific insight.

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MRC Closed-door Stakeholder Discussion on India Payments Regulation

May 20, 2022

On 19 May 2022, the MRC held a closed-door discussion on India’s payments regulation on card on file tokenization. This article summarizes that productive meeting and articulates requests to India's regulator.

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