Nilson Report

Mastercard Fights Fraud with Recorded Future Acquisition Mastercard will pay private equity firm Insight Partners $2.65 billion to purchase Recorded Future, a pioneer in AI-powered analytics. Recorded Future has 1,900 clients in 75 countries. Its products, which provide threat assessments for payments, are used by more than 50% of the Fortune 100 companies and 45 central governments. Learn how to access the full article here https://lnkd.in/gKFHqpt2 Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

DOJ Sues Visa Over Debit The U.S. Department of Justice filed antitrust litigation against Visa in the United States District Court for the Southern District of New York on September 24, 2024. The civil lawsuit alleges that Visa engages in an illegal monopoly to inhibit competition in the debit card market. Access the full article here https://lnkd.in/gusWnQpk Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

Sift’s ThreatCluster Fraud Fighting Helps Merchants Sift is one of the pioneers in machine learning-based AI. It has introduced data science technology called ThreatClusters, designed to more accurately identify fraud in specific industry sectors. ThreatClusters can reduce the risk of false positives and false negatives by up to 20%. Learn how to access the full article here https://lnkd.in/gvQGM96N Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

Business Identity Verification The UK-based Centre for Finance, Innovation and Technology (CFIT) has formed a coalition of industry experts to fight fraud using more effective digital identity verification of businesses. Coalition members will contribute technology and expertise. They are also expected to lead adoption and implementation of the group’s proof of concept (POC) strategies. Learn how to access the full article here https://lnkd.in/gznGHF8f Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

Interoperable Digital Wallets from Inrupt If browsers were the engine driving Web 1.0 and apps defined Web 2.0, data lifecycle management company Inrupt believes that digital wallets will drive a user-centric Web 3.0 that embraces management of regulated and sensitive financial, healthcare, personal and other data. Approximately 50% of the adult population worldwide already uses a digital wallet of some kind, mostly for payments, commerce and loyalty, and that number grows steadily. In time, use cases will expand. Learn how to access the full article here https://lnkd.in/g729qn75 Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

Top US Issuers in Mastercard Send and Visa Direct From our annual ranking of the 100 largest US debit card issuers, 42 financial institutions reported transactions involving Mastercard Send and Visa Direct for 2023. Transactions from the issuers shown here totaled 2.71 billion last year. Learn how to access the full article here https://lnkd.in/gM5VFMss Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

Europe’s Global Network Cards Purchase volume for goods and services tied to Visa, Mastercard, American Express and Diners Club brand credit, debit and prepaid cards issued in Europe reached $4.927 trillion in 2023.This was an increase of 17.2% over 2022 on a local currency basis.

Our new issue #1270 with Feature Article - Fighting Deep Fake Fraud Over the more than 70-year history of the payment card industry, fraud fighters have chased criminals who profit from weak defenses in data protection and infrastructure. Over the last three years, artificial intelligence (AI) in the hands of organized criminals has quickened the chase. Never before have fraud defense systems been forced to adapt so quickly. Organized gangs and nation state-backed criminals who utilize legacy machine learning AI are already able to execute fraud at scale using automated bot attacks. Access the full article here https://lnkd.in/gusWnQpk Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

Idemia’s Offline CBDC Wallet Central bank digital currencies (CBDCs) have been fully launched only in the Bahamas, Jamaica and Nigeria. CBDCs are in development, research and testing in 131 countries. Pilot tests are in various stages in another 36 countries. CBDCs are identical twins of banknotes. As such, they need to be available to consumers 100% of the time. This means they must be able to function offline when an online connection to a financial ledger approved by a central bank can’t be attained. Access the full article here https://lnkd.in/gusWnQpk Access all the premium content our paid readers receive in every issue by subscribing today! Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.

G+D Self-Custody Wallet for Digital Assets Cryptocurrencies are digital assets, alternative investments held by an estimated 500 million people worldwide. In time, it will be common for nearly everyone on the planet to possess other types of digital assets, including medical history, identity credentials and smart contracts. What is common between crypto and other digital assets is the need for owners to maintain secure custody of critical data, including accessing, managing and possibly recovery. Learn how to access the full article here https://lnkd.in/g-ZnvY2e Nilson Report articles are based on interviews with company senior executives. No sponsored content. No advertising.