Latest news with #paymentsecurity
Zawya
4 days ago
- Business
- Zawya
Al Etihad Payments elected to PCI SSC Board of Advisors for 2025–2027 term
Abu Dhabi, UAE – Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has been elected to the 2025–2027 Board of Advisors for the Payment Card Industry Security Standards Council (PCI SSC). AEP is among the first organizations from the Middle East to be elected to this global body driven by the UAE's growing leadership in cybersecurity and payment system resilience on the international stage. The PCI Security Standards Council (PCI SSC) leads a global, cross-industry effort to increase payment security by providing industry-driven, flexible, and effective data security standards and programs that help businesses detect, mitigate, and prevent cyberattacks and breaches. Hani Bani Amer, Head of Information Security at AEP, will represent AEP as one of 64 global board members. He will serve as a strategic partner to the PCI SSC, contributing industry, regional, and technical expertise to support the Council's mission of enhancing global payment security. The PCI SSC Board of Advisors plays a vital role in guiding the Council's priorities and standard-setting initiatives. Members provide critical insights on global payment security trends, regional regulatory landscapes, and emerging technologies. 'Being elected to the PCI SSC Board of Advisors is both an honor and a responsibility', said Hani Bani Amer. 'Through our participation, we aim to ensure that our regional unique insights and perspectives are represented in the development of global standards, ultimately benefiting stakeholders locally and internationally. I look forward to working closely with my fellow Board members to advance strong, future-ready payment security standards that address today's challenges and tomorrow's cybersecurity threats.' The new Board includes representatives from 61 organizations, reflecting the PCI SSC's commitment to global inclusion. Members come from a wide range of sectors, including issuers, acquirers, merchants, processors, service providers, and technology companies. Nitin Bhatnagar, Regional Director India, South Asia and Middle East, PCI Security Standards Council said, 'Al Etihad Payments' participation on the new 2025-2027 board of advisors from the Middle East (UAE) region is a critical voice that will help ensure greater regional input into our payment security standards, providing even more opportunities for discussion and collaboration with some of the most innovative voices in our industry. This term, in acknowledgment of the payments industry's ever-changing needs, the Board of Advisors has been expanded to a record 64 stakeholders, providing the Council with a broader range of views. The Board of Advisors will also be responsible for voting on new standards and major revisions to existing standards prior to their release. We are thrilled to welcome Al Etihad Payments to the newly elected 2025-2027 Board of Advisors.' AEP continues to play a key role in advancing the UAE's digital economy through initiatives such as Aani, the real-time payments platform, and Jaywan, the domestic card scheme. AEP is building a secure, resilient, and inclusive payments ecosystem. Both platforms are designed to meet local market needs while embedding global best practices for data protection and transaction security. By joining the PCI SSC Board of Advisors, AEP strengthens its commitment to adopting and shaping industry-driven, flexible, and effective security standards that safeguard sensitive payment data across every layer of the digital payments journey from cards to real-time transfers. About Al Etihad Payments Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, is the national payments entity of the UAE, leading the development and operation of world-class payment infrastructure. Its mission supports the government's push towards a digitally advanced society. AEP is focused on delivering innovative, easy-to-use payment solutions, helping financial institutions improve customer experience, and building a strong, secure, and efficient financial ecosystem for the country. For more information, visit
Yahoo
23-05-2025
- Business
- Yahoo
Payment Card Skimming Market Trends & Competition Intelligence 2025-2030 Featuring 34 Industry Players - Growth in Contactless and Tap-to-Pay Transactions Drives Shift in Skimming Attack Vectors
Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Payment Card Skimming - Global Strategic Business Report" report has been added to global market for Payment Card Skimming was valued at US$3.4 Billion in 2024 and is projected to reach US$5.3 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Payment Card Skimming market. The growth in anti-skimming and payment fraud prevention markets is driven by rising financial crime losses, increased digital payment penetration, and evolving regulatory mandates for payment security. With consumer trust and transaction integrity at stake, financial institutions are investing heavily in proactive risk mitigation, threat intelligence, and terminal-level security upgrades. EMV mandates, PCI DSS (Payment Card Industry Data Security Standard) compliance, and consumer protection laws are catalyzing technology adoption across both financial services and retail fintech startups and established cybersecurity firms are developing advanced endpoint detection, anomaly scoring algorithms, and physical device authentication layers. Terminal hardware providers are integrating embedded encryption chips, secure firmware updates, and skimmer-resistant form factors into new product lines. Public-private partnerships, such as Europol's financial cybercrime task forces and FBI-led cybercrime coalitions, are improving global response coordination. As digital payments expand and fraud techniques advance, the battle against payment card skimming will remain a dynamic and technologically intensive front in financial security ScopeThe report analyzes the Payment Card Skimming market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined Component (Solutions, Services); Deployment (On-Premise, Cloud); Application (Identity Theft, Payment Fraud, Money Laundering, ATMs, Other Applications).Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Insights: Market Growth: Understand the significant growth trajectory of the Solutions Component segment, which is expected to reach US$3.1 Billion by 2030 with a CAGR of a 6.2%. The Services Component segment is also set to grow at 10.5% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $919.2 Million in 2024, and China, forecasted to grow at an impressive 12.0% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Key Questions Answered: How is the Global Payment Card Skimming Market expected to evolve by 2030? What are the main drivers and restraints affecting the market? Which market segments will grow the most over the forecast period? How will market shares for different regions and segments change by 2030? Who are the leading players in the market, and what are their prospects? Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as Accertify, ACI Worldwide, BAE Systems Applied Intelligence, Diebold Nixdorf, FICO and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Some of the 34 companies featured in this Payment Card Skimming market report include: Accertify ACI Worldwide BAE Systems Applied Intelligence Diebold Nixdorf FICO Fiserv Gemalto (Thales Group) Giesecke+Devrient IBM Ingenico Group Mastercard NCR Corporation NICE Actimize RSA Security LLC SAS Institute Inc. SEON Technologies Ltd. Stripe Thales Group Visa Inc. Worldline Tariff Impact Analysis: Key Insights for 2025Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Attributes Report Attribute Details No. of Pages 367 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.4 Billion Forecasted Market Value (USD) by 2030 $5.3 Billion Compound Annual Growth Rate 7.8% Regions Covered Global MARKET OVERVIEW Influencer Market Insights World Market Trajectories Impact of COVID-19 and a Looming Global Recession Payment Card Skimming - Global Key Competitors Percentage Market Share in 2025 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E) MARKET TRENDS & DRIVERS Rising Incidence of Card Fraud and Identity Theft Throws the Spotlight on Payment Skimming Threats Advancement in Overlay Skimmer Technologies Spurs Sophistication in Criminal Tactics Growth in Contactless and Tap-to-Pay Transactions Drives Shift in Skimming Attack Vectors Increased Awareness Among Consumers and Merchants Strengthens Preventive Surveillance Measures Integration of AI and Machine Learning in Fraud Detection Accelerates Skimmer Identification Expansion of ATM and Point-of-Sale Terminal Usage in Unattended Locations Spurs Vulnerability Exposure Rising E-Commerce Volumes Shift Criminal Focus Toward Card-Not-Present Fraud Techniques Government Mandates for EMV Chip Migration and Compliance Curb Magnetic Stripe Exploits Deployment of Anti-Tamper and Sensor-Based Payment Hardware Enhances Merchant Security Infrastructure Use of End-to-End Encryption and Tokenization in Transactions Strengthens Defense Mechanisms Public-Private Collaborations on Cybersecurity Education Drive Awareness and Reporting Accuracy Growing Adoption of Real-Time Transaction Monitoring Tools Enhances Skimming Detection Capabilities Emergence of Bluetooth and Wi-Fi Skimmers Increases Complexity of Field-Level Inspections Advancement in Skimmer Concealment and Aesthetics Challenges Retailer Detection Methods Deployment of Encrypted PIN Entry Pads and Dual Verification Systems Reduces Attack Success Rates Rise in Financial Services Digitization Supports Multi-Factor Authentication Over Physical Cards Security Audits and Compliance Certifications Become Standard Across ATM Networks Availability of Compact and Disposable Skimmer Devices Escalates Risk at Fuel Stations and Kiosks Retailer Investment in Surveillance and Anti-Fraud Equipment Strengthens Point-of-Service Resilience Global Collaboration on Cross-Border Cybercrime Enforcement Expands Prosecution Capacity For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
