How to tackle fraud as a travel provider

It is no secret that fraud is a problem in the travel industry. In 2021, the travel industry is predicted to be worth a staggering $1.3 billion. Pre-pandemic, this figure stood at $1.8 billion. Despite the reduction in value, fraud has become more prevalent. Unfortunately, fraud is widespread in travel, and with each year that…

The Future of Payments: Security is the priority

2020 was an extremely challenging year for us all. Unfortunately, fraudsters have benefitted from the devastating effects of COVID-19. For example, UK Finance found that £1.26 billion was lost to fraud in the UK alone in 2020. In the first few months of 2021, a range of news outlets published stories proclaiming a ‘fraud epidemic’ across a…

Strong Customer Authentication, PSD2, and 3DS2

Fraudsters are utilising increasingly sophisticated methods to commit fraud. As a result, governments around the world are encouraging merchants to implement fraud protection methods through a specific type and number of authentication methods. In recent months we’ve drawn attention to the importance of complying with the second Payment Services Directive (PSD2) legislation by implementing Strong…