Tag: Payments
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Ireland Records 40% Rise in Fraudulent Payments in 2024
Overview of the 2024 Fraudulent Payments Rise A new report from the Central Bank detailing Payment Fraud Statistics for 2024 reveals a 40% increase in the volume of fraudulent payments in Ireland compared with 2023. The total value of fraudulent payments rose to €160 million in 2024, up almost 25% from the previous year. Experts…
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New R$ 15 Thousand Limit for Pix Transfers Explained
Introduction to the R$ 15 Thousand Limit In a significant move, the Banco Central do Brasil has announced a new limit of R$ 15,000 for Pix and TED transfers. This decision aims to enhance the security of transactions amidst rising concerns over cyberattacks that have affected the financial sector. This article will delve into the…