FaaS: the rise and rise of Fraud as a Service

FaaS: the rise and rise of Fraud as a Service
It can be a game of chance getting your money back from hacking gamblers. (Image: Depositphotos)
David Chaplin
“At Ilixium,” I read, “we’re developing for now and defining what’s next.“Revolutionising the payments industry with our unique combination of technical expertise, regulatory understanding, local knowledge and international reach, we accelerate the acceptance of customer payments at significantly lower costs – all with zero stress.”However, I can confirm that the sight of eight unauthorised payments queued up to leave my debit card account via Ilixium induced non-zero stress.Until that moment, I h...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025