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False declines become hidden profit killer for SA banks

Local banks lose significant amounts of interchange revenue as legitimate card transactions are consistently incorrectly declined by outdated fraud detection systems.

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itweb.co.zaStai leggendo3 g fa

False declines become hidden profit killer for SA banks

Local banks lose significant amounts of interchange revenue as legitimate card transactions are consistently incorrectly declined by outdated fraud detection systems.

originale

businessday.ng4 g fa

Outdated fraud systems could cost Africa's biggest banks $160,000 a year - Report - Businessday NG

The study found that South Africa, alongside Ecuador, recorded the highest projected annual interchange revenue losses among the five markets analysed, ahead of Morocco, Malaysia and Europe.

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giovedì 6 agosto 2026·businessday.ng
Outdated fraud systems could cost Africa's biggest banks $160,000 a year - Report - Businessday NG
The study found that South Africa, alongside Ecuador, recorded the highest projected annual interchange revenue losses among the five markets analysed, ahead of Morocco, Malaysia…
venerdì 7 agosto 2026·itweb.co.za
False declines become hidden profit killer for SA banks
Local banks lose significant amounts of interchange revenue as legitimate card transactions are consistently incorrectly declined by outdated fraud detection systems.