6/30/2023 0 Comments Wechat payment fraud![]() ![]() Included in Juniper Research Competitor Leaderboard: Accertify, ACI Worldwide, Experian, Featurespace, Feedzai, FICO, Fiserv, GBG, IPQualityScore, Kount, LexisNexis, Microsoft, NICE Actimize, NuData Security, Riskified, RSA Security, SAS, Securonix, TransUnion, Worldpay. Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 20 online payment fraud prevention vendors, together with our Competitor Leaderboard:. ![]() Data is split by our 8 key regions and 60 countries, including: Benchmark Industry Forecasts: Including forecasts for online payment fraud in air ticketing, digital banking, digital money transfer, remote digital goods purchases and remote physical goods purchases, as well as for fraud detection & prevention spend.Key Takeaways & Strategic Recommendations: Analysis of key opportunities within fraud detection and prevention, accompanied by key strategic recommendations for stakeholders.Alternative payment methods, including cryptocurrencies and BNPL (Buy Now Pay Later).The COVID-19 pandemic and lasting changes in customer behaviour.Sector Dynamics: Analysis of key trends and primary challenges across the online payment fraud space highlighting the impact of:.12 Months' Access to harvest Online Data Platformīuy Full Research Suite - Immediate access to all the above only £3750.An extensive forecast suite is also included, which includes online payment fraud detection and prevention spend, as well as online payment fraud loss values, split by the following segments: ![]() It positions 20 fraud detection and prevention vendors in the digital payments market in a Juniper Research Competitor Leaderboard. The research report assesses how the landscape is changing in online fraud, with a focus on new fraud types and how fraud detection and prevention vendors can mitigate these. This includes how the intensification of fraudsters’ efforts in the digital arena is creating opportunities for fraud prevention service providers, as new payment methods and scenarios emerge. Popular platforms such as WeChat and WhaleTalk have been distancing themselves from the tech since March 2022 after they both reportedly began removing or restricting NFT platforms from their networks over a lack of regulatory clarity and fear of a crackdown from Beijing.Juniper Research’s latest Online Payment Fraud research provides an extensive analysis of how the online payment fraud space is evolving in reaction to changing fraud tactics, as well as the continuing impact of the COVID-19 pandemic and new payment methods in the digital ecosystem. The policy also covers secondary NFT trading. Under the guidelines, accounts involved with the issuance, trading, and financing of crypto and NFTs will be either restricted or banned and will fall under the ‘illegal business’ category. Policy updatesĮarlier in 2022, WeChat has updated its policies to ban accounts that provide access to crypto or nonfungible token (NFT)-related services. The announcement from WeChat arrives following the release of the ‘Notice Concerning Further Standardisation of Financial Sales and Promotions Conduct’. WeChat said that the new rules are for the purpose of protecting the lawful rights and interests of financial consumers, as well as preventing and controlling legal risk in relation to financial sales activities. WeChat announced that it was ‘banning the implementation of fraudulent sales and promotions in the financial category,’ including fraudulent wealth management content promising high returns fraud making use of ‘new concepts’, including the shared economy, the Internet of Things, and cryptocurrencies exaggerated and false financial sales and promotions misleading financial sales and promotions unqualified financial sales and promotions. ![]()
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