Central Banking

Global fraud framework needed as digital transactions rise – report

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A unified industry framework to combat fraud is needed, according to a new payments report from consultancy firm Capgemini.

Published on October 6, the World Payments Report 2020 takes stock of how Covid-19 has changed the global payment landscape, noting the rise in digital transactions and a transition to “open” payment networks has led to “vulnerability increases”.

During the pandemic, customers have turned to new methods of payment, some of which are run by unchecked third parties. In

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