10 Aug
15 Jun
09 Jun
05 May
28 Apr

The Science and “Magic” of Big Data

The field of data science is growing rapidly, with an explosive demand across all industries for the acquisition and analysis of “big data.” Data science has the ability to take existing business practices to new heights and help make the best decisions possible. In the payments industry, where the ecosystem is constantly changing, the role data science plays is extremely valuable – especially regarding fraud management, merchant due diligence, and customer insight.

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22 Apr

Risk Update: Jammers

Originally developed for law enforcement and the military to interrupt communications by criminals and terrorists, jammers are receiving more global attention. With the increasing and evolving use of jammers for recreational and illegal purposes, a main concern for card networks, legal teams and law enforcement is the risk they pose to the general public if used incorrectly.

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29 Aug

Managing Risk in Risky Business

The ins and outs of payday lenders

Payday lending is an industry with global presence and growing numbers. In the UK, it is estimated that 8.2 million loans were taken out from 2011-2012, amounting to about £2.2 billion. In the US, payday loans have an annualized percentage rate between 360% – 780%, for a two-week loan (yes you read those numbers correctly, they aren’t typos).

With these shocking numbers in mind, government and card networks are being more diligent when it comes to payday lenders. As a repercussion, acquirers are hesitant to keep or board these ‘high-risk’ merchants. Let’s take a closer look at the payday loan industry and ways to help you remain compliant and profitable when dealing with these risky businesses.

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