What a poor piece of reporting, as Melvin says above. THis does not reflect any usage volumes. Traditionally, card fraud is measured by all, and certainly by the card schemes: a) Fraud basis points as a % turnover on cards and b) Fraud per card. Both of these can be a little distorted by the number of cards in issue (that is very different) and of course by usage makes it much more revealing. Then as GRaham points ou: where is the fraud. i.e. is it OTC or CNP/internet? So where is this perceived problem? i.e. from this artcle we simply cannot deduce anything or take any actions. A bland government action suggestion is very very poor. Get a grip please and think a little about the real issues, real questions and actions. In this case, the article could have been a great exposé of the shallow thinking of the EU research; OR a broader critique of the EU adoption of card scheme cards, OR the banks for say, late adoption of 3DS technologies in 2019. Lastly, what has happened since 2019? The market has changed massively since this time!
09 Aug 2022 09:05 Read comment
A poor article for not having asked (or better still, answered) the obvious question: "Why did these banks pull out?". Whilst we can imagine, giver the prevalence of domestic schemes in these jurisdiction; someone should have helped us to understand the real reasons given individually across the companies that have exited.
More importantly though, is why they might have been exiting 'en masse' across countries. It all sounds a bit 'cloak and dagger' without answers. Have the card schemes intervened in some way?
23 Mar 2022 10:18 Read comment
Is there a way that a CMA may have a quiet strategy to want the OB community to evolve an on-line payments plan to properly displace 'e-com by card'. Maybe CMA has a deeper strategic perspective; as it would probably be a rather silly 'tactic' to try to shoe-horn e-com into VRP.
16 Mar 2022 13:37 Read comment
Matthew BergermanDirector at DTCC
Mark O'KeefeDirector at Optima Consultancy
Ilkka RistimakiDirector at Baringa Partners
Vasantha MadanmohanDirector at Vertex Compliance Solutions
Geraint ChamberlainDirector at Target
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